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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CQO47zZbCC5o6c01/RgDklRcFEgvJO9gVJxSE33QuQ1PUa7AVpglo8VGZN3QNUMT
 C66W+n1KnypjxhPZUdda+Q==

<SEC-DOCUMENT>0000950109-96-004041.txt : 19960626
<SEC-HEADER>0000950109-96-004041.hdr.sgml : 19960626
ACCESSION NUMBER:		0000950109-96-004041
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960625
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORESTATES FINANCIAL CORP
		CENTRAL INDEX KEY:			0000069952
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				231899716
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-54049
		FILM NUMBER:		96585369

	BUSINESS ADDRESS:	
		STREET 1:		CENTRE SQ W
		STREET 2:		1500 MARKET ST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19101
		BUSINESS PHONE:		2159733806

	MAIL ADDRESS:	
		STREET 1:		1500 MARKET ST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONAL CENTRAL FINANCIAL CORP
		DATE OF NAME CHANGE:	19830517
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT #120
<TEXT>

<PAGE>
 
 
                                                             Rule 424 (b) (2)
                                                             File Nos.  333-2297

Pricing Supplement No. 120           Dated June 20, 1996


(To Prospectus dated May 14, 1996, and Prospectus Supplement dated 
June 14, 1996)

                                 $1,550,000,000
                            CORESTATES CAPITAL CORP
                  Senior Medium-Term Floating Rate Notes Due
                    Nine Months or More From Date of Issue
        Unconditionally Guaranteed as to Payment of Principal, Premium,
                            if any, and Interest by
                           CORESTATES FINANCIAL CORP

Cusip:                                           21869EFB6            

Principal Amount:                                $ 49,000,000.00

Settlement Date:                                 06/20/96

Base Rate:                                       FED FUNDS

Index Maturity:                                  DAILY

Initial Interest Rate:                           6.47% (6.25% Effective Fed
                                                 Funds 6/19/96)

Spread or Spread Multiplier, if applicable:      PLUS 22 BPS.

Interest Rate Reset Dates:                       DAILY (USING PRIOR DAY'S 
                                                 EFFECTIVE FED FUNDS RATE)

Interest Payment Dates:                          THIRD WEDNESDAY OF EACH QUARTER
                                                 (SEPT., DEC., MAR., JUN.)

First Coupon:                                    09/18/96

Day Count:                                       ACTUAL/360

Stated Maturity Date:                            06/17/98

Maximum Interest Rate, if any:

Minimum Interest Rate, if any:

Alternate Rate Event Spread, if any:

Initial Redemption Date, if any:

Initial Redemption Percentage, if any:

Annual Redemption Percentage Reduction, if any:

Optional Repayment Dates, if any:


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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