CORESTATES FINANCIAL CORP
424B2, 1996-11-18
NATIONAL COMMERCIAL BANKS
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                      Rule 424(b)(2)
                      File Numbers: 333-2297 and 33-54049

Pricing Supplement Number: 134                 Dated:  November 14, 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:                                          21869EFR1

Principal Amount:                               25,000,000.00

Settlement Date:                                11/18/96

Base Rate:                                      LIBOR (TELERATE PG. 3750)

Index Maturity:                                 1 MONTH LIBOR

Initial Interest Rate:                          5.405% (5.375% TELERATE 
                                                PG. 3750, 11/14/96)

Spread or Spread Multiplier, if applicable:     PLUS 3 BPS.

Interest Rate Reset Dates:                      THIRD WEDNESDAY OF EACH MONTH

Interest Payment Dates:                         THIRD WEDNESDAY OF EACH MONTH

First Coupon:                                   12/18/96

Day Count:                                      ACTUAL/360

Stated Maturity Date:                           11/18/98

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:


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