Exhibit 31.1

CERTIFICATION

I, Jeffry Ciongoli, 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 30, 2021

By:

/s/ Jeffry Ciongoli

Name: Jeffry Ciongoli

Title: Vice President and Assistant Treasurer

(Senior Officer of the Depositor)

Corporate Backed Callable Trust Certificates, J.C. Penny Debenture-Backed Series 2006-1 Trust 10-K