8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

November 3, 2006

Date of Report (Date of earliest event reported)

THE PNC FINANCIAL SERVICES GROUP, INC.

(Exact name of registrant as specified in its charter)

Commission File Number 001-09718

Pennsylvania	25-1435979
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

One PNC Plaza

249 Fifth Avenue

Pittsburgh, Pennsylvania 15222-2707

(Address of principal executive offices, including zip code)

(412) 762-2000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[    ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[    ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[    ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[    ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On November 3, 2006, William S. Demchak, Vice Chairman of The PNC Financial Services Group, Inc. (the “Corporation”), gave a presentation to investors at the BancAnalysts Association of Boston Conference in Boston, Massachusetts. This presentation was accompanied by a series of electronic slides that included information pertaining to the financial results and business strategies of the Corporation and its Corporate & Institutional Banking business segment. A copy of these slides and related material is included in this report as Exhibit 99.1 and is furnished herewith.

Item 9.01 Financial Statements and Exhibits.

(c)  Exhibits. The exhibit listed on the Exhibit Index accompanying this Form 8-K is furnished herewith.

- 2 -

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE PNC FINANCIAL SERVICES GROUP, INC.
	(Registrant)
Date:  November 3, 2006	By:	/s/ Samuel R. Patterson
		Samuel R. Patterson
		Controller

- 3 -

EXHIBIT INDEX

Number	Description	Method of Filing
99.1	Slide presentation and related material for the BancAnalysts Association of Boston Conference on November 3, 2006	Furnished herewith

- 4 -

EX-99.1

The PNC Financial Services Group, Inc.

Corporate & Institutional Banking

BancAnalysts Association of Boston

25

th

Annual Conference

November 3, 2006

EXHIBIT 99.1

This presentation contains forward-looking statements regarding our outlook or

expectations relating to PNC’s future business, operations, financial condition, financial

performance and asset quality.  Forward-looking statements are necessarily subject to

numerous

assumptions,

risks

and

uncertainties,

which

change

over

time.

The forward-looking statements in this presentation are qualified by the factors affecting

forward-looking statements identified in the more detailed Cautionary Statement included

in

the

Appendix

and

in

the

version

of

the

presentation

materials

posted on our corporate

website

at

www.pnc.com

under

“About

PNC

–

Investor Relations.”

We provide greater

detail regarding those factors in our 2005 Form 10-K, including in the Risk Factors and

Risk Management sections, and in our 2006 Form 10-Qs and other SEC reports

(accessible on the SEC’s website at www.sec.gov and on or through our corporate

website).

Future events or circumstances may change our outlook or expectations and may also

affect

the

nature

of

the

assumptions,

risks

and

uncertainties

to

which our forward-looking

statements are subject.  The forward-looking statements in this presentation speak only

as of the date of this presentation.  We do not assume any duty and do not undertake to

update those statements.

This presentation may also include a discussion of non-GAAP financial measures, which,

to the extent not so qualified therein or in the Appendix, is qualified by GAAP

reconciliation

information

available

on

our

corporate

website

at

www.pnc.com

under

“About PNC -

Investor Relations.”

Cautionary Statement Regarding

Forward-Looking Information

Key Takeaways

We’ve built a unique middle market franchise

Which positions us well in an environment where

it is difficult to generate appropriate risk-adjusted

returns from lending-only relationships

Our strategy is differentiated by a broad array of

product solutions, execution and cross-sell

Corporate & Institutional Banking –

A Major Contributor to PNC’s Earnings

Business segment earnings and return on capital reconciled to GAAP net income and returns in Appendix

Contribution to Total PNC Business

Contribution to Total PNC Business

Segment Earnings of $1.2 Billion

Segment Earnings of $1.2 Billion

For the Nine Months Ended 9/30/06

For the Nine Months Ended 9/30/06

Corporate &

Institutional

Banking

27%

C&I Banking Financial Highlights

Net income

$334 million

Return on average

capital

23%

Noninterest income

to total revenue 

51%

NPA’s

to loans

0.46%

As of or for the

Nine Months Ended

September 30, 2006

Diverse

-

No large industry concentration

Limited large non-investment

grade exposure

-

Only 3% is non-investment grade             

and >$50 million

Targeted

-

Focused on clients that meet risk-adjusted

return criteria

Disciplined Approach Leads to

Strong Credit Risk Profile

Strong Asset Quality

Lending Profile (As of September 30, 2006)

PNC

Consolidated

September 30, 2006

Nonperforming loans to loans

0.34%

0.38%

Net charge-offs to

average loans YTD

0.26%

0.27%

Allowance for loan and lease

losses to loans

1.16%

1.14%

Allowance for loan and lease

losses to nonperforming loans

339%

335%

Peer

Group

Source: SNL DataSource; PNC as reported on consolidated basis.

Peer group represents average of super-regional banks identified in

the Appendix.  Peer group excludes PNC.

Commercial Loans

Focused on National Middle Market

Opportunity

Middle Market Statistics

Approximately 35,000 companies with annual sales of $20 million to            

$1 billion

(D&B)

Vast majority of middle market companies are privately held

(One Source)

Recent advances in the capital markets have opened up new and more

sophisticated sources of capital to middle market companies

Middle Market M&A deals reached a 5-year high in 2005 with 1,700

transactions totaling nearly $225 billion in value

(Thomson Financial)

Private equity groups raised a total of $174 billion in capital in 2005 versus

average of $32 billion per year since 2001

(Thomson Financial)

Broad Array of Solutions for Middle

Market Companies

Cash Flow Lending / Asset Based Lending /  Asset Securitization /

Commercial Real Estate Finance / Equipment Finance

Financing

Treasury Management

International Services

Capital Markets

Mergers and Acquisitions

Institutional Investments

Wealth Management

Additional Capabilities

Receivables / Disbursements / Information Reporting / Liquidity Management

Trade Services / Trade Finance / Receivables Management for Exporters /

Foreign Exchange / Correspondent Bank Network / Global Cash Management

Loan Syndications / Derivatives / Foreign Exchange / Public Finance /

Private Placements / Public Market Securities

Sell Side Advisory / Restructuring and Capital Raising / Management Buyouts /

Fairness Opinions / Acquisitions Advisory

Asset Management / Employee Benefits / Charitable Endowments /

Delaware Holding Company

Wealth Planning / Trust / Personal and Business Banking / Ultra High Net Worth

Workplace Banking / Commercial Insurance / Merchant Services

A Leader in Cross-Sell Penetration of Middle

Market Customers in PNC’s Footprint

(1)

PNC has Highest Percentage of Lead Bank Relationships in Our Footprint (63%)

Treasury management

74%

1

st

Business checking accounts

69%

1

st

Capital markets

26%

1

st

Short-term investment services

52%

1

st

International services

24%

1

st

Investment banking services

10%

1

st

Equipment leasing

17%

1

st

401(k) profit sharing, savings plans

17%

1

st

Loans/lines of credit

57%

2

nd

Based on third party survey of companies with annualized revenues of $30-$500 million.  Competitors referenced in survey include Bank of

America, Commerce Bank, Citizens Bank, Fifth Third, JP Morgan Chase, M&T Bank, National City and Wachovia. 

2006

Rank

(1)

PNC Penetration

Key Takeaways

We’ve built a unique middle market franchise

Which positions us well in an environment where

it is difficult to generate appropriate risk-adjusted

returns from lending-only relationships

Our strategy is differentiated by a broad array of

product solutions, execution and cross-sell

The Market is Flooded with New

Competitors..

Total Syndicated Loan Volume

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2005

2006

$ billions

Nine Months Ended September 30

New Money Issuance

Refinancings

+0%

+49%

Non-Investment

Grade: 53%

Others Are Lending At Below Breakeven

Returns..

1.7%

8 of last 16 yrs.

1.4%

Ba

0.69%

7 of last 16 yrs.

0.60%

Baa

3.5%

4 of last 16 yrs.

2.7%

B

Break-even

Spread

(2)

Current Spread Coverage of

Historical Losses

Current

Spread

(1)

Bond Rating

(1) Analysis is based on market spreads.  PNC’s risk-adjusted loan spread would most likely exceed the market spreads.

(2) Spread needed to cover historical losses for 5 year loan/bond.  Excludes other non-spread fee income.

Bond Spreads vs. Historical Loss Results

Based on our analysis,

spreads typically cover

losses in less than half

of all years

Break-even spreads

cover only average

losses 

And Default Rates are at a Low Point

U.S. Speculative-Grade Bond Default Rate

Source: Moody’s Investor Service

Key Takeaways

We’ve built a unique middle market franchise

Which positions us well in an environment where

it is difficult to generate appropriate risk-adjusted

returns from lending-only relationships

Our strategy is differentiated by a broad array of

product solutions, execution and cross-sell

-

Building on the success of national Commercial Real Estate,

Asset Based Lending, Treasury Management, Capital Markets

and M&A advisory capabilities

-

Deepening client relationships

-

Investing in new products, segments and technology to

achieve competitive advantage

$548

$422

2005

2006

$530

$555

2005

2006

2005

2006

Already Delivering on Our Strategies

Generating Loan Growth, but…

Commercial & Institutional Banking

Total Average Loans

Commercial & Institutional Banking

Net Interest Income (TE)

Commercial & Institutional Banking

Noninterest

Income

Three Months Ended September 30

Nine Months Ended September 30

Nine Months Ended September 30

$ billions

$ millions

$ millions

Selling More Fee-Based Products

Spreads Have Narrowed, so…

Net interest income on a taxable equivalent

basis is reconciled to GAAP in Appendix.

Includes lease financing.

2005 includes Market Street which was

deconsolidated from our Consolidated    

Balance Sheet effective October 17, 2005.

*

*

$20.4

$18.3

$20.0

Market Street

Building on Our National Distribution

Capabilities

Offering Commercial Real Estate, Asset Based Lending, Treasury Management

and M&A Advisory Services Nationwide

Corporate & Institutional Banking Location

Lock Box Location

PNC’s Commercial Real Estate Model

Development

Pre-development

funding

Construction finance

Tax credit equity

Letters of credit

Bridge financing

Mezzanine financing

Equity bridge loans

CMBS

FHA permanent loan

programs

Freddie Mac loan

programs

Commercial loan

servicing

Offering Real Estate Solutions that Span the Life of a Project

Interim

Permanent

$4.6

$6.1

$1.0

$2.0

2004

2006

Capturing Full Spectrum of Commercial

Real Estate Opportunities

$93

$180

2004

2006

Commercial Mortgage

Servicing Portfolio

Nine Months Ended September 30

Nine Months Ended September 30

As of September 30

Originations

$ billions

$ billions

Sales

Servicing

$ billions

$1.3

$2.1

$0.9

$2.0

2004

2006

Loan Syndications

CMBS

Balance Sheet Driven

CMBS Conduit

A Leading Asset Based Lending Franchise

Building on Established National Network

28 offices across the country

14 managers

65 sales representatives

67 portfolio managers

16 underwriters

46 field examiners

84 operations & other personnel

Sales and Servicing Capabilities

$0.0

$0.5

$1.0

$1.5

2005

2006

$ billions

Nine Months Ended September 30

Transaction Volumes

New Deals

75

86

$1.1

$1.4

Harris Williams –

A Leader in M&A

Advisory to the Middle Market

Harris Williams YTD 9/30/06 revenue up 58% over YTD 9/30/05*

Two new industry-focused teams launched:  Technology and Transportation / Logistics

Backlog is stronger than ever with nearly 10% of currently engaged transactions having

a PNC connection

PNC’s Wealth Management team is receiving introductions to many Harris Williams’

clients

Opened 2 offices in Philadelphia and Minneapolis

Increased staff by over 20% since January 1, 2006

PNC & Harris Williams -

Highly Successful First Year Together

Growing revenue

Expanding geographic presence

Generating strong deal flow

YTD 9/30/05 reflects Harris Williams standalone revenue

*

Treasury Management –

Expanding High Growth

Product Revenues Faster than the Industry

Wholesale lockbox

8%

5%

Purchasing card

46%

14%

EDI

59%

9%

All products

6%

3%

PNC

Industry

Average

Selected Product Revenue Growth –

2005 vs

2004 *

* Source: Ernst & Young industry survey

Summary

We’ve built a unique middle market franchise

Which positions us well in an environment where

it is difficult to generate appropriate risk-adjusted

returns from lending-only relationships

Our strategy is differentiated by a broad array of

product solutions, execution and cross-sell

We

make

statements

in

this

presentation,

and

we

may

from

time

to

time

make

other

statements,

regarding

our

outlook

or

expectations

for

earnings,

revenues,

expenses and/or other matters regarding or affecting PNC that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. 

Forward-looking

statements

are

typically

identified

by

words

such

as

“believe,”

“expect,”

“anticipate,”

“intend,”

“outlook,”

“estimate,”

“forecast,”

“project”

and other

similar words and expressions.

Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of

the date they are made.  We do not assume any duty and do not undertake to update our forward-looking statements.  Actual results or future events could differ,

possibly materially, from those that we anticipated in our forward-looking statements, and future results could differ materially from our historical performance.

Our forward-looking statements are subject to the following principal risks and uncertainties.  We provide greater detail regarding these factors in our Form 10-K

for the year ended December 31, 2005 and in our current year Form 10-Qs, including in the Risk Factors and Risk Management sections of those reports.  Our

forward-looking statements may also be subject to other risks and uncertainties, including those that we may discuss elsewhere in this presentation or in our

filings

with

the

SEC,

accessible

on

the

SEC’s

website

at

www.sec.gov

and

on

or

through

our

corporate

website

at

www.pnc.com

under

“About

PNC

–

Investor

Relations.”

•

Our business and operating results are affected by business and economic conditions generally or specifically in the principal markets in which we do

business.  We are affected by changes in our customers’

financial performance, as well as changes in customer preferences and behavior, including as

a result of changing economic conditions.

•

The value of our assets and liabilities as well as our overall financial performance are affected by changes in interest rates or in valuations in the debt

and equity markets.  Actions by the Federal Reserve and other government agencies, including those that impact money supply and market interest

rates, can affect our activities and financial results.

•

Competition can have an impact on customer acquisition, growth and retention, as well as on our credit spreads and product pricing, which can affect

market share, deposits and revenues.

•

Our ability to implement our One PNC initiative, as well as other business initiatives and strategies we may pursue, could affect our financial

performance over the next several years.

•

Our ability to grow successfully through acquisitions is impacted by a number of risks and uncertainties related both to the acquisition transactions

themselves and to the integration of the acquired businesses into PNC after closing.  These uncertainties are present in transactions such as our

pending acquisition of Mercantile Bankshares Corporation.

Cautionary Statement Regarding

Forward-Looking Information

•

Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations or

our competitive position or reputation.  Reputational

impacts, in turn, could affect matters such as business generation and retention, our ability to

attract and retain management, liquidity and funding.  These legal and regulatory developments could include:  (a) the unfavorable resolution of legal

proceedings

or

regulatory

and

other

governmental

inquiries;

(b)

increased

litigation

risk

from

recent

regulatory

and

other

governmental

developments; 

(c) the results of the regulatory examination process, our failure to satisfy the requirements of agreements with governmental agencies, and

regulators’

future use of supervisory and enforcement tools;  (d) legislative and regulatory reforms, including changes to laws and regulations involving

tax, pension, and the protection of confidential customer information;  and (e) changes in accounting policies and principles.

•

Our business and operating results are affected by our ability to identify and effectively manage risks inherent in our businesses, including, where

appropriate, through the effective use of third-party insurance and capital management techniques.

•

Our ability to anticipate and respond to technological changes can have an impact on our ability to respond to customer needs and to meet

competitive demands.

•

The adequacy of our intellectual property protection, and the extent of any costs associated with obtaining rights in intellectual property claimed by

others, can also impact our business and operating results.

•

Our

business

and

operating

results

can

be

affected

by

widespread

natural

disasters,

terrorist

activities

or

international

hostilities,

either

as

a

result

of

the impact on the economy and financial and capital markets generally or on us or on our customers, suppliers or other counterparties specifically.

•

Also, risks and uncertainties that could affect the results anticipated in forward-looking statements or from historical performance relating to our

interest

in

BlackRock,

Inc.

are

discussed

in

more

detail

in

BlackRock’s

2005

Form

10-K,

including

in

the

Risk

Factors

section,

and

in

BlackRock’s

other

filings

with

the

SEC,

accessible

on

the

SEC’s

website

and

on

or

through

BlackRock’s

website

at

www.blackrock.com.

In addition, our pending acquisition of Mercantile Bankshares presents us with a number of risks and uncertainties related both to the acquisition transaction

itself and to the integration of the acquired businesses into PNC after closing.  These risks and uncertainties include the following:

•

Completion of the transaction is dependent on, among other things, receipt of regulatory and Mercantile shareholder approvals, the timing of which

cannot be predicted with precision at this point and which may not be received at all.  The impact of the completion of the transaction on PNC’s

financial statements will be affected by the timing of the transaction.

•

The

transaction

may

be

substantially

more

expensive

to

complete

(including

the

integration

of

Mercantile’s

businesses) and the anticipated benefits,

including anticipated cost savings and strategic gains, may be significantly harder or take longer to achieve than expected or may not be achieved in

their entirety as a result of unexpected factors or events.

Cautionary Statement Regarding

Forward-Looking Information (continued)

•

The

integration

of

Mercantile’s

business

and

operations

into

PNC,

which

will

include

conversion

of

Mercantile’s

different

systems

and

procedures,

may

take

longer

than

anticipated

or

be

more

costly

than

anticipated

or

have

unanticipated

adverse

results

relating

to

Mercantile’s

or

PNC’s

existing

businesses.

•

The

anticipated

benefits

to

PNC

are

dependent

in

part

on

Mercantile’s

business

performance

in

the

future,

and

there

can

be

no

assurance

as

to

actual

future

results,

which

could

be

impacted

by

various

factors,

including

the

risks

and

uncertainties

generally

related

to

PNC’s

and

Mercantile’s

performance

(with

respect

to

Mercantile,

see

Mercantile’s

SEC

reports,

accessible

on

the

SEC’s

website)

or

due

to

factors

related

to

the

acquisition

of

Mercantile and the process of integrating it into PNC.

In

addition

to

the

pending

Mercantile

Bankshares

transaction,

we

grow

our

business

from

time

to

time

by

acquiring

other

financial

services

companies. 

Acquisitions

in

general

present

us

with

risks

other

than

those

presented

by

the

nature

of

the

business

acquired.

In

particular,

acquisitions

may

be

substantially

more expensive to complete (including as a result of costs incurred in connection with the integration of the acquired company) and the anticipated benefits

(including anticipated cost savings and strategic gains) may be significantly harder or take longer to achieve than expected.  In some cases, acquisitions

involve

our

entry

into

new

businesses

or

new

geographic

or

other

markets,

and

these

situations

also

present

risks

resulting

from

our

inexperience

in

these

new

areas.  As a regulated financial institution, our pursuit of attractive acquisition opportunities could be negatively impacted due to regulatory delays or other

regulatory

issues.

Regulatory

and/or

legal

issues

related

to

the

pre-acquisition

operations

of

an

acquired

business

may

cause

reputational

harm

to

PNC

following the acquisition and integration of the acquired business into ours and may result in additional future costs and expenses arising as a result of those

issues.

Any annualized, proforma, estimated, third party or consensus numbers in this presentation are used for illustrative or comparative purposes only and may not

reflect actual results.  Any consensus earnings estimates are calculated based on the earnings projections made by analysts who cover that company.  The

analysts’

opinions,

estimates

or

forecasts

(and

therefore

the

consensus

earnings

estimates)

are

theirs

alone,

are

not

those

of

PNC

or

its

management,

and

may not reflect PNC’s, Mercantile’s

or other company’s actual or anticipated results.

Cautionary Statement Regarding

Forward-Looking Information (continued)

The

PNC

Financial

Services

Group,

Inc.

and

Mercantile

Bankshares

Corporation

will

be

filing

a proxy

statement/prospectus

and

other

relevant

documents

concerning

the

PNC/Mercantile

merger

transaction with the United States Securities and Exchange Commission (the “SEC”). 

SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY

OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER

TRANSACTION OR INCORPORATED BY REFERENCE IN THE PROXY

STATEMENT/PROSPECTUS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL

CONTAIN IMPORTANT INFORMATION.  Shareholders will be able to obtain free copies of the proxy

statement/prospectus, as well as other filings containing information about Mercantile Bankshares and

PNC, without charge, at the SEC’s Internet site (http://www.sec.gov).  In addition, documents filed with

the SEC by The PNC Financial Services Group, Inc. will be available free of charge from Shareholder

Relations at (800) 843-2206.  Documents filed with the SEC by Mercantile Bankshares will be

available

free

of

charge

from

Mercantile

Bankshares

Corporation,

2

Hopkins

Plaza,

P.O. Box 1477,

Baltimore, Maryland 21203, Attention:  Investor Relations.

Mercantile Bankshares and its directors and executive officers and certain other members of

management and employees are expected to be participants in the solicitation of proxies from

Mercantile

Bankshares’

shareholders

in

respect

of

the

proposed

merger

transaction.  Information

regarding the directors and executive officers of Mercantile Bankshares is available in the proxy

statement for its May 9, 2006 annual meeting of shareholders, which was filed with the SEC on March

29, 2006.  Additional information regarding the interests of such potential participants will be included

in the proxy statement/prospectus relating to the merger transaction and the other relevant documents

filed with the SEC when they become available.

Additional Information About

The PNC/Mercantile Transaction

Appendix

Non-GAAP to GAAP

Reconcilement

Business segments

Retail Banking

$581

26%

48%

Corporate & Institutional Banking

334

23%

27%

BlackRock

(a)(b)

209

29%

8%

PFPC

93

31%

17%

Total business segments

1,217

26%

100%

Minority interest in income of BlackRock

(64)

Other (b)(c)

1,066

Total consolidated

$2,219

34%

$ millions

Return on

Average

Capital *

Percentages for BlackRock and PFPC reflect return on average equity.

PNC’s ownership interest in BlackRock

was approximately 69-70% for the period presented. Effective September 29, 2006, PNC’s ownership

interest in BlackRock

dropped to approximately 34%

BlackRock

reported

GAAP

earnings

of

$153

million

for

the

period

presented.

For PNC business segment reporting presentation, pretax

integration costs incurred by BlackRock

for the MLIM transaction, totaling $91 million for the period presented, have been reclassified from

“BlackRock”

to “Other.”

“Other”

for

the

period

presented

also

includes

the

after-tax

impact

of

PNC’s

gain

on

the

BlackRock

/

MLIM

transaction

and

PNC’s

costs

associated with its securities portfolio rebalancing and mortgage loan portfolio repositioning.

Appendix

Business Earnings and Return on Capital

Nine Months Ended September 30, 2006

Earnings

Segment

Earnings

Contribution

*

(a)

(b)

(c)

Non-GAAP to GAAP

Reconcilement

Appendix

Net Interest Income

Business segments

Retail Banking

$1,172

$4

$1,176

$1,255

$4

$1,259

Corporate & Institutional Banking

549

6

555

523

7

530

BlackRock

31

1

32

20

5

25

PFPC

(27)

0

(27)

(29)

0

(29)

Total business segments

1,725

11

1,736

1,769

16

1,785

Minority interest in income of BlackRock

Other

(126)

9

(117)

(90)

4

(86)

Total consolidated

$1,599

$20

$1,619

$1,679

$20

$1,699

$ millions

Taxable-

Equivalent

Adjustment

2005

Nine Months Ended September 30

GAAP

Net Interest

Income

2005

Net Interest

Income TE

2005

Taxable-

Equivalent

Adjustment

2006

GAAP

Net Interest

Income

2006

Net Interest

Income TE

2006

BB&T Corporation

BBT

The Bank of New York Company, Inc.

BK

Fifth Third Bancorp

FITB

KeyCorp

KEY

National City Corporation

NCC

The PNC Financial Services Group, Inc.

PNC

Regions Financial

RF

SunTrust Banks, Inc.

STI

U.S. Bancorp

USB

Wachovia Corporation

WB

Wells Fargo & Company

WFC

Ticker

Peer Group of

Super-Regional Banks

Appendix