-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CCCoSKsMDwHV2H6SShDxZdGHELRcXJ4H33DBRNxcioTV4IPfBU+nLIDR7c9x8bV6
 phKkQ5g6cG+mf2NWhBMO9g==

<SEC-DOCUMENT>0000950144-97-002342.txt : 19970314
<SEC-HEADER>0000950144-97-002342.hdr.sgml : 19970314
ACCESSION NUMBER:		0000950144-97-002342
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970313
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANPONCE CORP
		CENTRAL INDEX KEY:			0000763901
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660416582
		STATE OF INCORPORATION:			PR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-61601
		FILM NUMBER:		97556064

	BUSINESS ADDRESS:	
		STREET 1:		209 MUNOZ RIVERA AVE
		STREET 2:		POPULAR CENTER BUILDING
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		8097659800

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 362708
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00936-2708
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>BANPONCE CORPORATION
<TEXT>

<PAGE>   1
                                                Filed Pursuant to Rule 424(b)(3)
                                                Registration No. 33-61601


                   PRICING SUPPLEMENT, DATED MARCH 13, 1997
                TO PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1995
                    TO PROSPECTUS DATED SEPTEMBER 27, 1995


                             BANPONCE CORPORATION
                         MEDIUM-TERM NOTES, SERIES 2
             DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE


<TABLE>
<S>                                                     <C>
PRINCIPAL AMOUNT.....................................   $750,000.00

ORIGINAL ISSUE DATE..................................   March 17, 1997

MATURITY DATE........................................   March 17, 1999

GLOBAL NOTE..........................................   Yes

INITIAL INTEREST RATE................................   6.36%

INTEREST RATE BASIS..................................   Fixed

INDEX MATURITY.......................................   N/A

SPREAD...............................................   N/A

INTEREST RATE RESET PERIOD...........................   N/A

INTEREST PAYMENT PERIOD..............................   June 15, December 15,
                                                        and at maturity.
</TABLE>

The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Corporation subsidiaries.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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