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Rule 424 (b) (2)
File Nos. 333-2297
Pricing Supplement No. 124 Dated August 1, 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: 21869EFF7
Principal Amount: $ 15,000,000.00
Settlement Date: 08/01/96
Base Rate: FED FUNDS
Index Maturity: DAILY
Initial Interest Rate: 7.00% (6.75% EFFECTIVE FED.
FUNDS RATE 7-31-96)
Spread or Spread Multiplier, if applicable: Plus 25 BPS.
Interest Rate Reset Dates: DAILY (USING PRIOR DAY'S
EFFECTIVE FED FUNDS RATE)
Interest Payment Dates: THIRD WEDNESDAY OF EACH MONTH
First Coupon: 08/21/96
Day Count: ACTUAL/360
Stated Maturity Date: 08/02/99
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:
