FINANCIAL SECURITY CORP / DE
15-12G, 1996-10-02
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C.  20549

                                      FORM 15

Certification  and Notice of Termination of Registration  under Section 12(g) of
the Securities  Exchange Act of 1934 or Suspension of Duty to File Reports under
          Sections 13 and 15(d)of the Securities Exchange Act of 1934.

                                                     Commission File No. 0-19510

                              FINANCIAL SECURITY CORP.
            (Exact name of registrant as specified in its charter)

        1209 NORTH MILWAUKEE AVENUE, CHICAGO, ILLINOIS 60622 (312) 227-7020
     (Address, including zip code and telephone number including area code of 
                   registrant's principal executive offices)

                      COMMON STOCK, $.01 PAR VALUE PER SHARE

            (Title of each class of securities covered by this form)

                                     NONE
  (Titles of all other classes of securities for which a duty to file reports
                      under section 13(a) or 15(d) remains)

         Please  place an X in the box(es) to  designate  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

             Rule 12g-4(a)(1)(i)   [X]     Rule 12h-3(b)(1)(i)    [ ]
             Rule 12g-4(a)(1)(ii)  [ ]     Rule 12h-3(b)(1)(ii)   [ ]
             Rule 12g-4(a)(2)(i)   [ ]     Rule 12h-3(b)(2)(i)    [ ]
             Rule 12g-4(a)(2)(ii)  [ ]     Rule 12h-3(b)(2)(ii)   [ ]
                                           Rule 15d-6             [ ]

         Approximate number of holders of record as of the certification date:

                                        0
         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
FINANCIAL  SECURITY CORP. has caused this  certification/notice  to be signed on
its behalf by the undersigned duly authorized person.


DATE: September 30, 1996                    BY: /s/ Daniel K. Augustine
     ------------------------                  ---------------------------------
                                               Daniel K. Augustine





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