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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,
 JwLJ6pV14aX/G4Wy1skLtgFtjL3LJHRK15B+SxD8fJdbwmyl6obvS+zGNMiJGXPJ
 M6d3Et5xj6hjOrCh3eB0+A==

<SEC-DOCUMENT>0001036050-97-000808.txt : 19971006
<SEC-HEADER>0001036050-97-000808.hdr.sgml : 19971006
ACCESSION NUMBER:		0001036050-97-000808
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19971003
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:		
		SEC FILE NUMBER:	333-02297
		FILM NUMBER:		97690567

	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>FORM 424B2
<TEXT>

<PAGE>
 
 
                                       Rule 424 (b)(2)
                                       File Numbers: 333-2297 and 33-54049

Pricing Supplement Number: SR148                  Dated:  10/3/97
                           -----                          -------

(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:                                          21869EGF6

Principal Amount:                               25,000,000.00

Settlement Date:                                10/3/97

Base Rate:                                      Fed Funds (Telerate pg. 120)

Index Maturity:                                 Daily

Initial Interest Rate:                          5.67% (5.52% Effective Fed
                                                Funds Rate 10/2/97)
                                                
Spread or Spread Multiplier, if applicable:     PLUS 15 BPS

Interest Rate Rest Dates:                       Daily (using 1 day look back)

Interest Payment Dates:                         Quarterly on 3rd Wed of Jan, 
                                                Apr, Jul, Oct               

First Coupon:                                   01/21/98 (Long First Coupon)

Day Count:                                      Actual/360

Stated Maturity Date:                           10/4/99

Maximum Interest Rate, if any:

Minimum Interest Rate, if any:

Initial Redemption Date, if any:

Initial Redemption Percentage, if any:

Initial Redemption Percentage Reduction, if any:

Optional Repayment Dates, if any:


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