PNC Bank 2008 Annual Report Download - page 170

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As discussed in Note 1 to the consolidated financial
statements, the accompanying consolidated statement of cash
flows for the year ended December 31, 2006 has been restated.
As a result of the transaction discussed in Note 2 to the
consolidated financial statements, the Company no longer
consolidates BlackRock, Inc. (“BlackRock”). Beginning
September 30, 2006, the Company recognized its investment
in BlackRock using the equity method of accounting.
/s/ Deloitte & Touche LLP
Pittsburgh, Pennsylvania
March 1, 2007 (February 4, 2008 as to the effects of the
restatement discussed in Note 1)
EXHIBITS
Our exhibits listed on the Exhibit Index on pages E-1 through
E-7 of this Form 10-K are filed with this Report or are
incorporated herein by reference.
166