PNC Bank 2006 Annual Report Download - page 18

of borrowers have access to capital markets. Traditional
deposit activities are subject to pricing pressures and customer
migration as a result of intense competition for consumer
investment dollars.
Our subsidiary banks compete for deposits with the following:
• Other commercial banks,
• Savings banks,
• Savings and loan associations,
• Credit unions,
• Treasury management service companies,
• Insurance companies, and
• Issuers of commercial paper and other securities,
including mutual funds.
Our various non-bank businesses engaged in investment
banking and private equity activities compete with the
following:
• Commercial banks,
• Investment banking firms,
• Merchant banks,
• Insurance companies,
• Private equity firms, and
• Other investment vehicles.
In providing asset management services, our businesses
compete with the following:
• Investment management firms,
• Large banks and other financial institutions,
• Brokerage firms,
• Mutual fund complexes, and
• Insurance companies.
The fund servicing business is also highly competitive, with a
relatively small number of providers. Merger, acquisition and
consolidation activity in the financial services industry has
also impacted the number of existing or potential fund
servicing clients and has intensified competition.
We include here by reference the additional information
regarding competition included in the Item 1A Risk Factors
section of this Report.
EMPLOYEES Period-end employees totaled 23,783 at
December 31, 2006 (comprised of 21,455 full-time and 2,328
part-time employees).
SEC REPORTS AND CORPORATE GOVERNANCE
INFORMATION
We are subject to the informational requirements of the
Securities Exchange Act of 1934, as amended (“Exchange
Act”), and, in accordance with the Exchange Act, we file
annual, quarterly and current reports, proxy statements, and
other information with the SEC. Our SEC File Number
is 001-09718. You may read and copy this information at the
SEC’s Public Reference Room located at 100 F Street NE,
Room 1580, Washington, D.C. 20549. You can obtain
information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330.
You can also obtain copies of this information by mail from
the Public Reference Section of the SEC, 100F Street, N.E.,
Washington, D.C. 20549, at prescribed rates.
The SEC also maintains an internet World Wide Web site that
contains reports, proxy and information statements, and other
information about issuers, like us, who file electronically with
the SEC. The address of that site is www.sec.gov. You can
also inspect reports, proxy statements and other information
about us at the offices of The New York Stock Exchange,
20 Broad Street, New York, New York 10005.
We also make our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K, and
amendments to those reports filed or furnished to the SEC
pursuant to Section 13(a) or 15(d) of the Exchange Act
available free of charge on or through our internet website as
soon as reasonably practicable after we electronically file such
material with, or furnish it to, the SEC. PNC’s corporate
internet address is www.pnc.com and you can find this
information under “About PNC – Investor Relations – Financial
Information – SEC filings – Form 10-K. ” Shareholders and
bondholders may also obtain copies of these filings without
charge by contacting Shareholder Services at 800-982-7652 or
via e-mail at [email protected] for copies
without exhibits, or by contacting Shareholder Relations at
[phone] or via e-mail at [email protected] for
copies of exhibits. We filed the certifications of our Chairman
and Chief Executive Officer and our Chief Financial Officer
required pursuant to Section 302 of the Sarbanes-Oxley Act of
2002 with respect to our Annual Report on Form 10-K for 2005
with the SEC as exhibits to that Report and have filed the CEO
and CFO certifications required by Section 302 of that Act with
respect to this Form 10-K as exhibits to this Report.
Information about our Board and its committees and corporate
governance at PNC is available on PNC’s corporate website at
www.pnc.com under “About PNC – Investor Relations –
Corporate Governance.” Shareholders who would like to
request printed copies of the PNC Code of Business Conduct
and Ethics or our Corporate Governance Guidelines or the
charters of our Board’s Audit, Nominating and Governance, or
Personnel and Compensation Committees (all of which are
posted on the PNC corporate website) may do so by sending
their requests to George P. Long, III, Corporate Secretary, at
corporate headquarters at One PNC Plaza, 249 Fifth Avenue,
Pittsburgh, Pennsylvania 15222-2707. Copies will be provided
without charge to shareholders.
Our common stock is listed on the New York Stock Exchange
(“NYSE”) under the symbol “PNC.” Our Chairman and Chief
Executive Officer submitted the required annual CEO’s
Certification regarding the NYSE’s corporate governance
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