Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust - FORM 10-K - EX-31 - 31.1 RULE 15D - 14(D) CERTIFICATION BY SENIOR VICE PRESIDENT AND CONTROLLER OF T

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10-K - J.C. PENNEY DEBENTURE-BACKED SERIES 2006-1 FORM 10-K - Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust	jcpenneydb20061_10k_32018.htm
EX-35 - 35 ITEM 1123 CERTIFICATION - Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust	e351_usbatrrpjcpenneydb20061.htm
EX-34 - 34.1 ATTESTATION REPORT OF ERNST & YOUNG LLP - Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust	e341_usbatrrp.htm
EX-33 - 33.1 ITEM 1122 REPORT ON ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING CRIT - Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust	e331_usbatrrp.htm

Exhibit 31.1

CERTIFICATION

I, Clifford S. Feibus, certify that:

I have reviewed this report on Form 10-K and all reports on Form 10-D required to be

filed in respect of the period covered by this report on Form 10-K of the Corporate Backed Callable Trust

Certificates, J.C. Penney Debenture-Backed Series 2006-1 Trust (the "Exchange Act periodic reports");

Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not

contain any untrue statement of a material fact or omit to state a material fact necessary to make the

statements made, in light of the circumstances under which such statements were made, not misleading

with respect to the period covered by this report;

Based on my knowledge, all of the distribution servicing and other information required

to be provided under Form 10-D for the period covered by this report is included in the Exchange Act

periodic reports;

Based on my knowledge and the servicer compliance statement required in this report

under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the

servicer has fulfilled its obligations under the servicing, or similar, agreement in all material respects;

and

All of the reports on assessment of compliance with servicing criteria for asset-backed

securities and their related attestation reports on assessment of compliance with servicing criteria for

asset-backed securities required to be included in this report in accordance with Item 1122 of

Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this

report, except as otherwise disclosed in this report. Any material instances of noncompliance described

in such reports have been disclosed in this report on Form 10-K.

In giving the certifications above, I have reasonably relied on information provided to me by the

following unaffiliated party: U.S. Bank National Association, as Trustee.

Date: March 28, 2018

By:

/s/ Clifford S. Feibus

Name: Clifford S. Feibus

Title: Senior Vice President and Controller

(Senior Officer of the Depositor)

Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust - FORM 10-K - EX-31 - 31.1 RULE 15D - 14(D) CERTIFICATION BY SENIOR VICE PRESIDENT AND CONTROLLER OF T - March 28, 2018