BANPONCE CORP, 424B2, 1996-04-04

BANPONCE CORP
424B2, 1996-04-04
STATE COMMERCIAL BANKS

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<PAGE>   1
                                                Filed Pursuant to Rule 424(b)(2)
                                                       Registration No. 33-61601


                   Pricing Supplement, dated April 3, 1996
                  to Prospectus dated September 27, 1995 and
                 Prospectus Supplement dated October 6, 1995

                             BANPONCE CORPORATION

                             MEDIUM-TERM SERIES 2

             Due From Nine Months to 30 Years From Date of Issue

             Payment of Principal, Premium, if any, and Interest


<TABLE>
<CAPTION>

<S>                                                         <C>
PRINCIPAL AMOUNT..........................................  U.S. $30,000,000.00

ORIGINAL ISSUE DATE.......................................  April 8, 1996

MATURITY DATE.............................................  April 8, 1999

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

INITIAL INTEREST RATE.....................................  6.378%

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 the       
                                                            maturity date.

</TABLE>


The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Corporation Subsidiaries.