FIRST BOSTON MORTGAGE SEC CORP CON MOR PAS THR CER SR 1993-1
8-K, 1999-02-10
ASSET-BACKED SECURITIES
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          February 10, 1999

          Securities and Exchange Commission
          Judiciary Plaza
          450 Fifth Street, N.W.
          Washington, D.C.  20549

          Re:  First Boston Mortgage Securities Corp., Conduit Mortgage
               Pass-Through Certificates, Series 1993-1; File No. 333-53115.

          Ladies and Gentlemen:

          Enclosed herewith for filing on behalf of First Boston Mortgage
          Securities Corp, as depositor under a series 1993-1 Pooling and
          Servicing Agreement dated as of March 1, 1993, providing for,
          among other things, the issuance of Conduit Mortgage Pass-Through
          Certificates, Series 1993-1 is a Current Report on Form 8-K.

          The Conduit Mortgage Pass-Through Certificates, Series 1993-1 will be
          comprised of the Interest-Only Class 1-X and Class 2-X
          Certificates (collectively, the "Class X Certificates"), the Senior
          Class 1-A and Class 2-A Certificates (collectively, the "Class A
          Certificates"), the Subordinated Class 1-B and Class 2-B Certificates
          (collectively, the "Class B Certificates") and the Residual Class R-I
          and R-II Certificates (collectively, the "Class R Certificates" and,
          together with the Class X, Class A and Class B Certificates, the
          "Certificates").  It is a condition to their issuance that the Class
          X and Class A Certificates be rated "AAA" by Standard & Poor's
          Corporation ("S&P") and Duff & Phelps Credit Rating Company ("Duff &
          Phelps") and that the Class B Certificates be rated not lower than
          "A" by S&P and "AA+" by Duff & Phelps.

          The Certificates evidence beneficial ownership interests in a trust
          fund (the "Trust Fund") to be created by First Boston Mortgage
          Securities Corp. (the "Depositor"), which will hold interests in a
          pool of mortgage loans (the "Mortgage Loans") secured by mortgages on
          cooperative apartment buildings and certain other property.  The
          Mortgage Loans were originated by National Consumer Cooperative Bank
          (d/b/a National Cooperative Bank) (NCB), or affiliates of NCB.  The
          Mortgage Loans will comprise two separate groups:  Loan Group 1 and
          Loan Group 2.  Distributions on the Class 1-X, Class 1-A and Class
          1-B Certificates will be based solely on payments received on the
          Mortgage Loans in Loan Group 1 (the "Group 1 Mortgage Loans").
          Distributions on the Class 2-X, Class 2-A and Class 2-B Certificates
          will be based solely on payments received on the Mortgage Loans in
          Loan Group 2 (the "Group 2 Mortgage Loans") and amounts held in the
          Cash Collateral Account (defined in the Prospectus Supplement dated
          March 1, 1993), to the extent described in the Prospectus Supplement.
          The Mortgage Loans are more fully described under "Description of the
          Mortgage Pool and the Underlying Mortgaged Properties" in the
          Prospectus Supplement.

          The Certificates were registered under the Securities Act of 1933.
          As a result, the Registrant is subject to the filing requirements of
          Section 15(d) of the Securities Exchange Act of 1934, as amended
          (the "Exchange Act").  The Trust intends to fulfill these filing
          requirements in the manner described herein:

          The agent for Registrant will file, promptly after each Distribution
          Date (as defined in the Indenture), a Current Report on Form 8-K in
          substantially the form enclosed herewith, including as an exhibit
          thereto the applicable Distribution Date Report.  Each such Current
          Report will also disclose under Item 5 any matter occurring during
          the relevant reporting period which would be reportable under Item
          1, 2, 4 or 5 of Part II of Form 10-Q.

          Within 90 days after the end of each fiscal year, the agent for the
          Registrant will file an annual report of Form 10-K, which responds to
          Items 2, 3, and 4 of Part I, Items 5 and 9 of Part II, Items 12 and
          13 of Part III and Item 14 of Part IV thereof, and include as
          exhibits thereto certain information from the Distribution Date
          reports aggregated for such year and a copy of the independent
          accountants' annual compliance statement required under the Pooling
          and Servicing Agreement.

          The agent for the Registrant will follow the above procedures except
          for any fiscal year as to which its reporting obligations under
          Section 15(d) of the Exchange Act have been suspended pursuant to
          such Section.  In such event, the agent for the Registrant will file
          a Form 15 as required under Rule 15d-6.

          Should you wish to discuss the above filing procedures, please call
          Judy L. Gomez at (949) 253-7562.


          Sincerely,
          /s/ Judy L. Gomez
          Assistant Vice President
          Bankers Trust Company of California, N.A.
          S.E.C. Reporting Agent for First Boston Mortgage Securities Corp.,
          Conduit Mortgage Pass-Through Certificates, Series 1993-1.


                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549


                                      FORM 8-K


                 Current Report Pursuant To Section 13 or 15(d) of the
                             Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported):  April 26, 1993


                     First Boston Mortgage Securities Corp.
          (as depositor under the Pooling and Servicing Agreement, dated
           as of March 1, 1988, providing for the issuance of Conduit
           Mortgage Pass-Through Certificates, Series, 1993-1).


                     First Boston Mortgage Securities Corp.
           Conduit Mortgage Pass-Through Certificates, Series 1993-1
            (Exact name of Registrant as specified in its Charter)


                                    DELAWARE
                (State or Other Jurisdiction of Incorporation)


              333-53115                                  13-332-0910
              (Commission File Number)                  (I.R.S. Employer
                                                        Identification No.)


          Park Avenue Plaza
          New York, New York                                  10055
          (Address of principal executive offices)       (Zip Code)


          Registrant's Telephone Number, Including Area Code:  212-909-7537


          ITEM 5.     Other Events

               Attached hereto is a copy of the Monthly Remittance Statement
          to the Certificateholders which was derived from the monthly
          information submitted by the Master Servicer to the Trustee.


          ITEM 7.     Financial Statement and Exhibits

          Exhibits:   (as noted in Item 5 above)


          Monthly Remittance Statement to the Certificateholders dated as of
          April 26, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          May 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          June 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          July 26, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          August 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          September 27, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          October 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          November 26, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          December 27, 1993.

                                   SIGNATURE


               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.


                                  Bankers Trust Company of California, N.A.,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of March 1, 1993.


          Date:  February 10, 1999          By:  /s/ Judy L. Gomez
                                            Judy L. Gomez
                                            Assistant Vice President


                                   EXHIBIT INDEX

          Monthly Remittance Statement to the Certificateholders dated as of
          April 26, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          May 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          June 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          July 26, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          August 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          September 27, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          October 25, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          November 26, 1993.

          Monthly Remittance Statement to the Certificateholders dated as of
          December 27, 1993.



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,241,321.00     266,617.03
>  15,680.75     282,297.78              0              0  43,225,640.25
           2-A                  35,062,225.00  35,062,225.00     198,320.71
>  27,218.15     225,538.86              0              0  35,035,006.85
           1-B                   1,337,361.14   1,337,361.14       9,126.32
>          0       9,126.32              0              0   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,759.12
>          0      13,759.12              0              0   2,238,015.38
           1-X                              0              0      28,467.21
>          0      28,467.21              0              0              0
           2-X                              0              0      17,238.93
>          0      17,238.93              0              0              0
          R-II                              0              0              0
>          0              0              0              0              0


TOTALS                          81,878,922.52  81,878,922.52     533,529.32
>  42,898.90     576,428.22              0              0  81,836,023.62

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1    1,000.000000       6.165793
>   0.362633       6.528426     999.637367    7.39895100%    7.39897900%
           2-A                      31933CD7    1,000.000000       5.656250
>   0.776281       6.432531     999.223719    6.78750000%    6.78750000%
           1-B                      31933CC9    1,000.000000       6.824125
>   0.000000       6.824125   1,000.000000    8.18895100%    8.18897900%
           2-B                      31933CE5    1,000.000000       6.147911
>   0.000000       6.147911   1,000.000000    7.37750000%    7.37750000%
           1-X                      31933BZ9        0.000000       0.034767
>   0.000000       0.034767       0.000000    0.79000000%    0.79000000%
           2-X                      31933CA3        0.000000       0.021054
>   0.000000       0.021054       0.000000    0.59000000%    0.59000000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000    0.00000000%    0.00000000%

SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    31-Mar-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              26-Apr-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 26-Apr-93

MONTHLY PRINCIPAL ADVANCES
>                                                                 895.56
MONTHLY INTEREST ADVANCES
>                                                              10,372.26
TOTAL MONTHLY ADVANCES
>                                                              11,267.82


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                               8,529.05
DELINQUENT SERVICING FEES
>                                                               (154.07)
SERVICING FEES FOR THIS PERIOD
>                                                               8,374.98

RETAINED YEILD
>                                                              34,459.69


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,836,023.62

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   ERR
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.787500%
CLASS 2-B RATE
>                                                              7.377500%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                           1,865,012.02


>Page 2 of 2                           (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,225,640.25     266,521.34
>  15,788.83     282,310.17           0.00           0.00  43,209,851.42
           2-A                  35,062,225.00  35,035,006.85     198,166.76
>  27,413.53     225,580.29           0.00           0.00  35,007,593.32
           1-B                   1,337,361.14   1,337,361.14       9,126.35
>       0.00       9,126.35           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,759.13
>       0.00      13,759.13           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,456.89
>       0.00      28,456.89           0.00           0.00           0.00
           2-X                           0.00           0.00      17,225.55
>       0.00      17,225.55           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,836,023.62     533,256.02
>  43,202.36     576,458.38           0.00           0.00  81,792,821.26

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      999.637367       6.163580
>   0.365133       6.528713     999.272234      7.398979%      7.399007%
           2-A                      31933CD7      999.223719       5.651859
>   0.781854       6.433713     998.441865      6.787500%      6.787500%
           1-B                      31933CC9    1,000.000000       6.824148
>   0.000000       6.824148   1,000.000000      8.188979%      8.189007%
           2-B                      31933CE5    1,000.000000       6.147916
>   0.000000       6.147916   1,000.000000      7.377500%      7.377500%
           1-X                      31933BZ9        0.000000       0.034755
>   0.000000       0.034755       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.021038
>   0.000000       0.021038       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%

SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    30-Apr-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              25-May-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 25-May-93

MONTHLY PRINCIPAL ADVANCES
>                                                                        85.92
>
MONTHLY INTEREST ADVANCES
>                                                                      938.11
TOTAL MONTHLY ADVANCES
>                                                                   1,024.03


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,524.59
DELINQUENT SERVICING FEES
>                                                                       (14.00)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,510.58

RETAINED YEILD
>                                                                 34,435.31


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,792,821.26

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.787500%
CLASS 2-B RATE
>                                                              7.377500%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,209,851.42     266,425.00
>  15,897.67     282,322.67           0.00           0.00  43,193,953.75
           2-A                  35,062,225.00  35,007,593.32     198,335.76
>  27,610.34     225,946.10           0.00           0.00  34,979,982.98
           1-B                   1,337,361.14   1,337,361.14       9,126.38
>       0.00       9,126.38           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,779.85
>       0.00      13,779.85           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,446.49
>       0.00      28,446.49           0.00           0.00           0.00
           2-X                           0.00           0.00      17,212.07
>       0.00      17,212.07           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,792,821.26     533,325.55
>  43,508.01     576,833.56           0.00           0.00  81,749,313.25

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      999.272234       6.161352
>   0.367650       6.529002     998.904584      7.399007%      7.399036%
           2-A                      31933CD7      998.441865       5.656679
>   0.787467       6.444146     997.654398      6.798608%      6.798622%
           1-B                      31933CC9    1,000.000000       6.824170
>   0.000000       6.824170   1,000.000000      8.189007%      8.189036%
           2-B                      31933CE5    1,000.000000       6.157174
>   0.000000       6.157174   1,000.000000      7.388608%      7.388622%
           1-X                      31933BZ9        0.000000       0.034742
>   0.000000       0.034742       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.021021
>   0.000000       0.021021       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%

SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    28-May-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              25-Jun-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 25-Jun-93

MONTHLY PRINCIPAL ADVANCES
>                                                                      385.78
MONTHLY INTEREST ADVANCES
>                                                                   4,655.58
TOTAL MONTHLY ADVANCES
>                                                                   5,041.36


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,520.09
DELINQUENT SERVICING FEES
>                                                                       (67.55)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,452.54

RETAINED YEILD
>                                                                 34,065.97


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,749,313.25

TOTAL PREPAYMENTS:
>                                                                   0.00

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798608%
CLASS 2-B RATE
>                                                              7.388608%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,193,953.75     266,328.00
>  16,007.28     282,335.28           0.00           0.00  43,177,946.47
           2-A                  35,062,225.00  34,979,982.98     198,179.73
>  27,808.56     225,988.29           0.00           0.00  34,952,174.42
           1-B                   1,337,361.14   1,337,361.14       9,126.41
>       0.00       9,126.41           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,779.87
>       0.00      13,779.87           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,436.02
>       0.00      28,436.02           0.00           0.00           0.00
           2-X                           0.00           0.00      17,198.51
>       0.00      17,198.51           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00


TOTALS                          81,878,922.52  81,749,313.25     533,048.54
>  43,815.84     576,864.38           0.00           0.00  81,705,497.41

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      998.904584       6.159109
>   0.370185       6.529294     998.534399      7.399036%      7.399064%
           2-A                      31933CD7      997.654398       5.652229
>   0.793120       6.445349     996.861278      6.798622%      6.798635%
           1-B                      31933CC9    1,000.000000       6.824193
>   0.000000       6.824193   1,000.000000      8.189036%      8.189064%
           2-B                      31933CE5    1,000.000000       6.157183
>   0.000000       6.157183   1,000.000000      7.388622%      7.388635%
           1-X                      31933BZ9        0.000000       0.034729
>   0.000000       0.034729       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.021005
>   0.000000       0.021005       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%


SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    30-Jun-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              26-Jul-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 26-Jul-93

MONTHLY PRINCIPAL ADVANCES
>                                                                   0.00
MONTHLY INTEREST ADVANCES
>                                                                   0.00
TOTAL MONTHLY ADVANCES
>                                                                   0.00


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                               8,515.55
DELINQUENT SERVICING FEES
>                                                                   0.00
SERVICING FEES FOR THIS PERIOD
>                                                               8,515.55

RETAINED YEILD
>                                                                 34,041.07


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,705,497.41

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798622%
CLASS 2-B RATE
>                                                              7.388622%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                           (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,177,946.47     266,230.32
>  16,117.62     282,347.94           0.00           0.00  43,161,828.85
           2-A                  35,062,225.00  34,952,174.42     198,022.57
>  28,008.24     226,030.81           0.00           0.00  34,924,166.18
           1-B                   1,337,361.14   1,337,361.14       9,126.45
>       0.00       9,126.45           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,779.90
>       0.00      13,779.90           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,425.48
>       0.00      28,425.48           0.00           0.00           0.00
           2-X                           0.00           0.00      17,184.84
>       0.00      17,184.84           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,705,497.41     532,769.56
>  44,125.86     576,895.42           0.00           0.00  81,661,371.55

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      998.534399       6.156850
>   0.372737       6.529586     998.161662      7.399064%      7.399093%
           2-A                      31933CD7      996.861278       5.647747
>   0.798815       6.446562     996.062463      6.798635%      6.798649%
           1-B                      31933CC9    1,000.000000       6.824223
>   0.000000       6.824223   1,000.000000      8.189064%      8.189093%
           2-B                      31933CE5    1,000.000000       6.157196
>   0.000000       6.157196   1,000.000000      7.388635%      7.388649%
           1-X                      31933BZ9        0.000000       0.034716
>   0.000000       0.034716       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.020988
>   0.000000       0.020988       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%


SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    30-Jul-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              25-Aug-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 25-Aug-93

MONTHLY PRINCIPAL ADVANCES
>                                                                      785.47
MONTHLY INTEREST ADVANCES
>                                                                   5,881.10
TOTAL MONTHLY ADVANCES
>                                                                   6,666.57


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,510.99
DELINQUENT SERVICING FEES
>                                                                       (86.48)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,424.51

RETAINED YEILD
>                                                                 34,015.99


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,661,371.55

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798635%
CLASS 2-B RATE
>                                                              7.388635%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,161,828.85     266,131.97
>  16,228.76     282,360.73           0.00           0.00  43,145,600.09
           2-A                  35,062,225.00  34,924,166.18     197,864.29
>  28,209.29     226,073.58           0.00           0.00  34,895,956.89
           1-B                   1,337,361.14   1,337,361.14       9,126.48
>       0.00       9,126.48           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,779.93
>       0.00      13,779.93           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,414.87
>       0.00      28,414.87           0.00           0.00           0.00
           2-X                           0.00           0.00      17,171.05
>       0.00      17,171.05           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,661,371.55     532,488.59
>  44,438.05     576,926.64           0.00           0.00  81,616,933.50

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      998.161662       6.154575
>   0.375307       6.529882     997.786356      7.399093%      7.399121%
           2-A                      31933CD7      996.062463       5.643233
>   0.804549       6.447782     995.257913      6.798649%      6.798663%
           1-B                      31933CC9    1,000.000000       6.824245
>   0.000000       6.824245   1,000.000000      8.189093%      8.189121%
           2-B                      31933CE5    1,000.000000       6.157210
>   0.000000       6.157210   1,000.000000      7.388649%      7.388663%
           1-X                      31933BZ9        0.000000       0.034704
>   0.000000       0.034704       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.020971
>   0.000000       0.020971       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%


SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    31-Aug-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              27-Sep-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 27-Sep-93

MONTHLY PRINCIPAL ADVANCES
>                                                                      819.32
MONTHLY INTEREST ADVANCES
>                                                                 13,482.23
TOTAL MONTHLY ADVANCES
>                                                                 14,301.55


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,506.39
DELINQUENT SERVICING FEES
>                                                                     (193.11)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,313.28

RETAINED YEILD
>                                                                 33,990.73


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,616,933.50

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798649%
CLASS 2-B RATE
>                                                              7.388649%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,145,600.09     266,032.95
>  16,340.62     282,373.57           0.00           0.00  43,129,259.47
           2-A                  35,062,225.00  34,895,956.89     197,704.87
>  28,411.83     226,116.70           0.00           0.00  34,867,545.06
           1-B                   1,337,361.14   1,337,361.14       9,126.51
>       0.00       9,126.51           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,779.95
>       0.00      13,779.95           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,404.19
>       0.00      28,404.19           0.00           0.00           0.00
           2-X                           0.00           0.00      17,157.18
>       0.00      17,157.18           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,616,933.50     532,205.65
>  44,752.45     576,958.10           0.00           0.00  81,572,181.05

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      997.786356       6.152285
>   0.377894       6.530179     997.408462      7.399121%      7.399150%
           2-A                      31933CD7      995.257913       5.638686
>   0.810326       6.449012     994.447587      6.798663%      6.798677%
           1-B                      31933CC9    1,000.000000       6.824267
>   0.000000       6.824267   1,000.000000      8.189121%      8.189150%
           2-B                      31933CE5    1,000.000000       6.157219
>   0.000000       6.157219   1,000.000000      7.388663%      7.388677%
           1-X                      31933BZ9        0.000000       0.034690
>   0.000000       0.034690       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.020954
>   0.000000       0.020954       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%


SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    30-Sep-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              25-Oct-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 25-Oct-93

MONTHLY PRINCIPAL ADVANCES
>                                                                      266.86
MONTHLY INTEREST ADVANCES
>                                                                   3,307.36
TOTAL MONTHLY ADVANCES
>                                                                   3,574.22


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,501.76
DELINQUENT SERVICING FEES
>                                                                       (46.58)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,455.18

RETAINED YEILD
>                                                                 33,965.29


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,572,181.05

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798663%
CLASS 2-B RATE
>                                                              7.388663%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,129,259.47     265,933.23
>  16,453.26     282,386.49           0.00           0.00  43,112,806.21
           2-A                  35,062,225.00  34,867,545.06     197,544.31
>  28,615.79     226,160.10           0.00           0.00  34,838,929.27
           1-B                   1,337,361.14   1,337,361.14       9,126.54
>       0.00       9,126.54           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,779.97
>       0.00      13,779.97           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,393.43
>       0.00      28,393.43           0.00           0.00           0.00
           2-X                           0.00           0.00      17,143.21
>       0.00      17,143.21           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,572,181.05     531,920.69
>  45,069.05     576,989.74           0.00           0.00  81,527,112.00

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      997.408462       6.149979
>   0.380499       6.530478     997.027963      7.399150%      7.399180%
           2-A                      31933CD7      994.447587       5.634107
>   0.816143       6.450250     993.631444      6.798677%      6.798691%
           1-B                      31933CC9    1,000.000000       6.824290
>   0.000000       6.824290   1,000.000000      8.189150%      8.189180%
           2-B                      31933CE5    1,000.000000       6.157228
>   0.000000       6.157228   1,000.000000      7.388677%      7.388691%
           1-X                      31933BZ9        0.000000       0.034677
>   0.000000       0.034677       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.020937
>   0.000000       0.020937       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%

SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    29-Oct-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              26-Nov-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 26-Nov-93

MONTHLY PRINCIPAL ADVANCES
>                                                                      660.81
MONTHLY INTEREST ADVANCES
>                                                                   8,186.66
TOTAL MONTHLY ADVANCES
>                                                                   8,847.47


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,497.10
DELINQUENT SERVICING FEES
>                                                                     (116.09)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,381.01

RETAINED YEILD
>                                                                 33,939.67


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,527,112.00

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798677%
CLASS 2-B RATE
>                                                              7.388677%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders

DISTRIBUTIONS IN DOLLARS
                                                      PRIOR
>                                                               CURRENT
                                    ORIGINAL      PRINCIPAL
>                                REALIZED       DEFERRED      PRINCIPAL
         CLASS                    FACE VALUE        BALANCE       INTEREST
> PRINCIPAL          TOTAL         LOSSES       INTEREST        BALANCE

           1-A                  43,241,321.00  43,112,806.21     265,832.83
>  16,568.39     282,401.22           0.00           0.00  43,096,237.82
           2-A                  35,062,225.00  34,838,929.27     197,382.59
>  28,821.23     226,203.82           0.00           0.00  34,810,108.04
           1-B                   1,337,361.14   1,337,361.14       9,126.58
>       0.00       9,126.58           0.00           0.00   1,337,361.14
           2-B                   2,238,015.38   2,238,015.38      13,780.00
>       0.00      13,780.00           0.00           0.00   2,238,015.38
           1-X                           0.00           0.00      28,382.60
>       0.00      28,382.60           0.00           0.00           0.00
           2-X                           0.00           0.00      17,129.14
>       0.00      17,129.14           0.00           0.00           0.00
          R-II                           0.00           0.00           0.00
>       0.00           0.00           0.00           0.00           0.00

TOTALS                          81,878,922.52  81,527,112.00     531,633.74
>  45,389.62     577,023.36           0.00           0.00  81,481,722.38

FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
>                                          PASS-THROUGH
                                                      PRIOR
>                                 CURRENT      RATES
                                                  PRINCIPAL
>                               PRINCIPAL
         CLASS                         CUSIP        BALANCE       INTEREST
> PRINCIPAL          TOTAL        BALANCE        CURRENT           NEXT

           1-A                      31933CB1      997.027963       6.147657
>   0.383161       6.530819     996.644802      7.399180%      7.399209%
           2-A                      31933CD7      993.631444       5.629494
>   0.822002       6.451496     992.809442      6.798691%      6.798705%
           1-B                      31933CC9    1,000.000000       6.824320
>   0.000000       6.824320   1,000.000000      8.189180%      8.189209%
           2-B                      31933CE5    1,000.000000       6.157241
>   0.000000       6.157241   1,000.000000      7.388691%      7.388705%
           1-X                      31933BZ9        0.000000       0.034664
>   0.000000       0.034664       0.000000      0.790000%      0.790000%
           2-X                      31933CA3        0.000000       0.020920
>   0.000000       0.020920       0.000000      0.590000%      0.590000%
          R-II                                      0.000000       0.000000
>   0.000000       0.000000       0.000000      0.000000%      0.000000%


SELLER:                                      First Boston Mortgage Securities C
>orp.                             ADMINISTRATOR:  Kellie Rodriguez
SERVICER:                                    National Consumer Cooperative Bank
>                                         Bankers Trust Company
LEAD UNDERWRITER:                            First Boston Mortgage Securities C
>orp.                                     3 Park Plaza
RECORD DATE:                                    30-Nov-93
>                                         Irvine, CA 92714
DISTRIBUTION DATE:                              27-Dec-93
>                       FACTOR INFORMATION(800) 735-7777

>Page 1 of 2                             (c) COPYRIGHT 1991 Bankers Trust Compa
>ny


First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates
 Series 1993-1

Statement  To  Certificateholders


DISTRIBUTION DATE:                                 27-Dec-93

MONTHLY PRINCIPAL ADVANCES
>                                                                   1,798.42
MONTHLY INTEREST ADVANCES
>                                                                 10,648.70
TOTAL MONTHLY ADVANCES
>                                                                 12,447.12


TOTAL SERVICING FEES DUE MASTER SERVICER
>                                                                   8,492.41
DELINQUENT SERVICING FEES
>                                                                     (168.14)
>
SERVICING FEES FOR THIS PERIOD
>                                                                   8,324.27

RETAINED YEILD
>                                                                 33,913.86


DELINQUENT AND
>                                                             LOANS
FORECLOSURE LOAN                                            ONE            TWO
>           THREE +                                            IN
INFORMATION                                                 MONTH          MONT
>HS         MONTHS                                         FORECLOSURE
PRINCIPAL BALANCE                                                      0.00
>       0.00           0.00                                         0.00
NUMBER OF LOANS                                                           0
>          0              0                                            0


BOOK VALUE OF ANY REO PROPERTIES
>                                               (SEE ATTACHMENTS IF ANY)

TOTAL PRINCIPAL BALANCE OF MORTGAGE LOANS:
>                                                          81,481,722.38

TOTAL PREPAYMENTS:

CLASS 1-A REALIZED LOSSES
>                                                                   0.00
CLASS 2-A REALIZED LOSSES
>                                                                   0.00
CLASS 1-B REALIZED LOSSES
>                                                                   0.00
CLASS 2-B REALIZED LOSSES
>                                                                   0.00
CLASS 1-X REALIZED LOSSES
>                                                                   0.00
CLASS 2-X REALIZED LOSSES
>                                                                   0.00
CLASS R-I REALIZED LOSSES
>                                                                   0.00
CLASS R-II REALIZED LOSSES
>                                                                   0.00


RECOVERED MONTHLY ADVANCES

CLASS 2-A RATE
>                                                              6.798691%
CLASS 2-B RATE
>                                                              7.388691%
CLASS 2-X RATE
>                                                              0.590000%

AMOUNT IN CASH COLLATERAL ACCOUNT
>                                                            1,865,012.02


>Page 2 of 2                          (c) COPYRIGHT 1991 Bankers Trust Company



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