-----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,
 D4r6Q7HbHVtuezoLSiFU7DV6PZUJ/FgOchYdWa0n80ZQ6VMQCyVF/qedLCY7dk6m
 iDl/KapoPpHEC63v53br4w==

<SEC-DOCUMENT>0001187725-03-000005.txt : 20030717
<SEC-HEADER>0001187725-03-000005.hdr.sgml : 20030717
<ACCEPTANCE-DATETIME>20030717165935
ACCESSION NUMBER:		0001187725-03-000005
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030717
FILED AS OF DATE:		20030717

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CARRION RICHARD L
		CENTRAL INDEX KEY:			0001187725

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13818
		FILM NUMBER:		03791686

	MAIL ADDRESS:	
		STREET 1:		POPULAR INC & BANCO POPULAR DE
		STREET 2:		209 MONZ RIVERA AVE 3RD FL PURERTO RICO
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918

ISSUER:		

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

	BUSINESS ADDRESS:	
		STREET 1:		209 MUNOZ RIVERA AVE
		STREET 2:		POPULAR CENTER BUILDING
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		7877659800

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 362708
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00936-2708

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANPONCE CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-07-17</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000763901</issuerCik>
        <issuerName>POPULAR INC</issuerName>
        <issuerTradingSymbol>BPOP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001187725</rptOwnerCik>
            <rptOwnerName>CARRION RICHARD L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and Chairman </officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>
   <nonDerivativeSecurity>
      <securityTitle>
          <value>Common Stock Par Value $6 per share</value>
      </securityTitle>
      <transactionDate>
          <value>2003-07-17</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-07-17</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>P</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionTimeliness>
      <value />
      </transactionTimeliness>
      <transactionAmounts>
          <transactionShares>
              <value>179.00</value>
          </transactionShares>
          <transactionValue>
              <value>38.24</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>A</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>793215.00</value>
              <footnoteId id="F1" />
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>Jr Invest - RLC</value>
              <footnoteId id="F2" />
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
<footnotes>
   <footnote id="F1">Mr. Carrion owns directly 303,706 common shares of BPOP.  Mr. Carrion owns indirectly 25,027 common shares of BPOP  - by children.  Mr. Carrion owns indirectly 1,000 common shares of BPOP - by wife.  Mr. Carrion owns 17.89% of Junior Investment, which owns 40,000 Preferred Stock of BPOP  (7,156 preferred shares)</footnote>
   <footnote id="F2">Ownership of 17.89% in Junior Investment Corp., which owned 4,434,846 shares of Popular, Inc. at the end of July 17, 2003.
   </footnote>
</footnotes>
    <ownerSignature>
       <signatureName>Richard  L. Carrion</signatureName>
       <signatureDate>2003-07-17</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----