SUPERIOR BANK FSB
15-15D, 1997-01-30
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


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          OMB APPROVAL  
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OMB Number................ 3235-0167
Expires: November 30, 1989
Estimated average burden
hours per response............. 1.50
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                                     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 NUMBER 333-4492

                                SUPERIOR BANK FSB
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             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

              ONE LINCOLN CENTRE, OAKBROOK TERRACE, ILLINOIS 60181
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    (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
                  OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-4
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            (TITLE OF EACH CLASS OF SECURITIES COVERED BY THIS FORM)

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       (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)      |_|     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                  |X| 

 APPROXIMATE NUMBER OF HOLDERS OF RECORD AS OF THE CERTIFICATION OR NOTICE DATE:
           34. 3 Class 1A-1, 4 Class 1A-2, 1 Class 1A-3, 1 Class 1A-4,
           1 Class 1A-5, 14 Class 1A-6, 7 Class 1A-7 and 3 Class 2A.)
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     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
SUPERIOR BANK FSB HAS CAUSED THIS CERTIFICATION/NOTICE TO BE SIGNED ON ITS
BEHALF OF THE UNDERSIGNED DULY AUTHORIZED PERSON.

DATE: January 28, 1997                  By: Superior Bank FSB
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                                        By: /s/ WILLIAM C. BRACKEN
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                                                Name: William C. Bracken, 
                                                Senior Vice President
                                                and Chief Financial Officer

INSTRUCTION: THIS FORM IS REQUIRED BY RULES 12G-4, 12H-3 AND 15D-6 OF THE
GENERAL RULES AND REGULATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934. THE
REGISTRANT SHALL FILE WITH THE COMMISSION THREE COPIES OF FORM 15, ONE OF WHICH
SHALL BE MANUALLY SIGNED. IT MAY BE SIGNED BY AN OFFICER OF THE REGISTRANT, BY
COUNSEL OR BY ANY OTHER DULY AUTHORIZED PERSON. THE NAME AND TITLE OF THE PERSON
SIGNING THE FORM SHALL BE TYPED OR PRINTED UNDER THE SIGNATURE.
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