SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 10-Q

            ---------------------------------------------------------

                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



                         For Quarter Ended June 30, 1997
                         Commission File Number 33-11924


             CS FBC MORTGAGE SECURITIES TRUST 22 AND SIMILAR TRUSTS
   OF WHICH CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. IS DEPOSITOR
   --------------------------------------------------------------------------
      (Exact name of registrant as specified in its governing instruments)



           Delaware                                    Not Applicable
----------------------------                ------------------------------------
(State or other jurisdiction                (I.R.S. Employer Identification No.)
 of establishment of Trusts)


c/o Wilmington Trust Company
    Rodney Square North
    Wilmington, Delaware                                    19890
----------------------------                ------------------------------------
(Address of Owner Trustee)                                (Zip Code)


Owner Trustee's telephone                                 302-651-1000
number, including area code                 ------------------------------------

Securities registered pursuant to Section 12(b) of the Act:    None.

Securities registered pursuant to Section 12(g) of the Act:    None.


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes  X  No 
                                       ---    ---





<PAGE>


                       CS FBC MORTGAGE SECURITIES TRUST 22
                       -----------------------------------
                                AND SIMILAR TRUST
                                -----------------
                                      INDEX
                                      -----




                                                                         Page
                                                                        Number
                                                                        ------
PART I        FINANCIAL INFORMATION

         Item 1.  Financial Statements                                   3


         Item 2.  Management's Discussion and Analysis of Financial
                               Condition and Results of Operations       3

PART II       OTHER INFORMATION

         Item 1.  Legal Proceedings                                      4

         Item 2.  Changes in Securities                                  4

         Item 3.  Defaults Upon Senior Securities                        4

         Item 4.  Submission of Matters to a Vote of Security Holders    4

         Item 5.  Other Information                                      4

         Item 6.  Exhibits and Reports on Form 8-K                       4

SIGNATURE                                                                5

INDEX TO EXHIBITS                                                        6














                                     Page 2


<PAGE>

                       CS FBC MORTGAGE SECURITIES TRUST 22
                               AND SIMILAR TRUSTS




PART I         FINANCIAL INFORMATION


Item 1.        Financial Statements
               --------------------

               Financial statements for the period ended June 30, 1997 have not
               been prepared in as much as the reporting entities have not
               commenced operations as of that date.

               As of the date of this report, the trusts have been formed and
               have not issued any Bonds. It is anticipated that the trusts will
               issue series of Bonds under Registration Statement No. 33-11924
               which was filed on Form S-11 by Credit Suisse First Boston
               Mortgage Securities Corp., on February 12, 1987 with the
               Securities and Exchange Commission providing for the issuance of
               up to $2,000,000,000 aggregate principal amount, of
               Collateralized Mortgage Obligations.

               The Trusts are formed under the laws of the state of Delaware by
               a trust agreement between Credit Suisse First Boston Mortgage
               Securities Corp., as depositor, and Wilmington Trust Company, as
               Owner Trustee (the "Owner Trustee"). Subsequent to the issuance
               of the Bonds of Trust 22 and Similiar Trusts, the Depositor may
               sell all or a part of its ownership interest in the related
               trusts to other investors.

               The powers and activities of the aforementioned trusts are
               limited to the issuance of Bonds, the acquisiton of
               mortgage-backed certificates to collateralize the Bonds, the
               administration of the Bonds and other related activities. As of
               the date of this report, the trusts have not issued any bonds.


Item 2.        Management's Discussion and Analysis of Financial Condition and 
               Results of Operations
               --------------------------------------------------------------- 

               Not applicable.












                                     Page 3

<PAGE>


                       CS FBC MORTGAGE SECURITIES TRUST 22
                       -----------------------------------
                               AND SIMILAR TRUSTS
                               ------------------


PART II           OTHER INFORMATION

Item 1.           Legal Proceedings

                  None.

Item 2.           Changes in Securities

                  Not applicable.

Item 3.           Defaults Upon Senior Securities

                  Not applicable.

Item 4.           Submission of Matters to a Vote of Security Holders

                  Not applicable.

Item 5.           Other Information

                  None

Item 6.           Exhibits and Reports on Form 8-K

                  (a) Exhibits:

                      Form of Trust Agreement (for non-REMIC Bonds)
                      (incorporated by reference to Exhibit 3(a) of Registration
                      Statement on Form S-11 (No. 33-11924) dated February 12,
                      1987).

                      Form of Trust Agreement (for REMIC Bonds) (incorporated by
                      reference to Exhibit 3(b) of Registration Statement on
                      Form S-11 (No. 33-11924) dated February 12, 1987).

                      Form of Indenture (incorporated by reference to Exhibit 4
                      of Registration Statement on Form S-11 (No. 33-11924)
                      dated February 12, 1987).

                      Form of Bond Administration Agreement (for non-REMIC
                      Bonds) (incorporated by reference to Exhibit 10(a) of
                      Registration Statement on Form S-11 (No. 33-11924) dated
                      February 12, 1987).

                      Form of Bond Administration Agreement (for REMIC Bonds)
                      (incorporated by reference to Exhibit 10(b) of
                      Registration Statement on Form S-11 (No. 33-11924) dated
                      February 12, 1987).

                   (b) Reports on Form 8-K
                       None.



                                     Page 4

<PAGE>


                                    SIGNATURE
                                    ---------


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                             Credit Suisse First Boston Mortgage
                                             Securities Corp., as
                                             Depositor, on behalf of
                                             CS FBC Mortgage Securities
                                             Trust 22 and Similar Trusts



                                             By:      THOMAS M. ZINGALLI
                                                 -------------------------------
                                                      Thomas M. Zingalli
                                                   Controller and Principal
                                                       Accounting Officer
                                                 (Duly Authorized Officer and
                                                  Principal Accounting Officer)


Dated:  August 8, 1997






                                     Page 5


<PAGE>


                                INDEX TO EXHIBITS
                                -----------------

<TABLE>
<CAPTION>
Exhibit
Number            Description of Exhibit                                                         Page
------            ----------------------                                                         ----

<S>               <C>                                                                              <C>
3(a)              Form of Trust Agremment (for non-REMIC Bonds)                                    *

3(b)              Form of Trust Agreement (for REMIC Bonds)                                        *

4                 Form of Indenture                                                                *

10(a)             Form of Bond Administration Agreement (for non-REMIC Bonds)                      *

10(b)             Form on Bond Administration Agreement (for REMIC Bonds)                          *
</TABLE>


*   Incorporated by reference to the same Exhibits in Registration Statement on
    Form S-11 (No. 33-11924) filed with the Securities and Exchange Commission
    on February 12, 1987.













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