UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment ( ) ; Amendment Number:
This Amendment (Check only one.): ( ) is a restatement
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Friedman, Billings, Ramsey Investment Management Inc.
Address: 1001 19th Street North
Potomac Tower
Arlington, VA 22209
13F File Number: 28-5254
The Institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, That all the information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person signing this Report on Behalf of Reporting Manager:
Name: Nicholas J. Nichols
Title: EVP and Chief Compliance Officer
Phone: 703-312-9500
Signature, Place, and Date of Signing:
Nicholas J. Nichols Arlington, VA September 24, 1999
Report Type (Check only one.):
(X) 13F HOLDINGS REPORT
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 31,954,099
Form 13F Information Table Value Total: $ 590,971
List of Other Included Managers:
No: 13F File Number Name
01 Friedman Billings Ramsey & Co.
02 Friedman Billings Ramsey Investment management Inc.
03 FBR Fund Advisers, Inc.
04 FBR Venture Capital Managers, Inc.
Title Value PRN SH PUT/ INV oth
Name of Isuer Class Cussip X1000 AMT PRN CALL Desc mgr Sole SHS none
Abbott Lab. COM 002824100 545 12000 SH Sole 12000
AboveNet Comm. COM 003743101 808 20000 SH Sole 20000
Acadia Rlty Trst. COM 004239109 58 10700 SH Sole 10700
AES Inc. COM 00130H105 581 10000 SH Sole 10000
Alliance Gaming COM 01859P609 75 20000 SH Sole 20000
Altiva Financial COM 021497300 1743 387347 SH Sole 387347
AMB Financial COM 001984103 150 12000 SH Sole 12000
American Banker COM 024456105 1524 28000 SH Sole 28000
American Mgmt.Sys COM 027352103 3810 118830 SH Sole 118830
Amer Telecasting COM 030151104 221 37000 SH Sole 37000
American Tower A COM 029912201 5886 245250 SH Sole 245250
Ameritrade Hldg COM 03072H109 212 2000 SH Sole 2000
Amsouth Bcorp COM 032165102 301 13000 SH Sole 13000
Annapolis Nat Bcp COM 035848100 171 29047 SH Sole 29047
Anthracite Cap. COM 037023108 10381 1581846 SH Sole 1581846
ASB Fin'l Corp COM 00205P107 255 20000 SH Sole 20000
Astoria Financial COM 046265104 3207 73000 SH Sole 73000
AT&T COM 001957109 799 14313 SH Sole 14313
AT&T-Libertdia COM 001957208 735 20000 SH Sole 20000
Atlantic Bk & Tr COM 04822G102 672 37860 SH Sole 37860
Atlantic Gulf COM 048556104 25 40000 SH Sole 40000
Banc One/one COM 06423A103 715 12000 SH Sole 12000
Banco Santander COM 059646109 1084 60000 SH Sole 60000
Bank of America COM 060505104 1723 23500 SH Sole 23500
Bank of New York COM 064057102 3856 100105 SH Sole 100105
Bank One Corp COM 06423A103 8041 135000 SH Sole 135000
Bank Plus Corp. COM 064446107 961 178750 SH Sole 178750
Bank Plus Cp.12% COM 064446AA5 217 250000 SH Sole 250000
Bank United COM 65412108 201 5000 SH Sole 5000
BankAmerica Corp COM 06605F102 24963 340500 SH Sole 340500
BankAtlantic Bkcp COM 65908501 326 45000 SH Sole 45000
Bankboston/bkb COM 06605R106 614 12000 SH Sole 12000
Banyan Hotel Inv COM 06682N101 29 65500 SH Sole 65500
BCSB Bankcorp,Inc COM 054948104 94 11076 SH Sole 11076
Berkshire Hath. A COM 084670108 15296 222 SH Sole 222
Berkshire Hath. B COM 084670207 2009 897 SH Sole 897
Blount Int'l COM 097934103 204 7500 SH Sole 7500
BostonFed Bcorp COM 101178101 1312 73400 SH Sole 73400
Bristol Myers Sq. COM 110122108 676 9600 SH Sole 9600
Broad Nat'l Bancp COM 111239109 774 30500 SH Sole 30500
Broadcast.com COM 111310108 1002 7500 SH Sole 7500
Brookdale living COM 112462106 2212 149300 SH Sole 149300
Brookline Bcorp COM 113739106 845 73100 SH Sole 73100
Building One Svc COM 120114103 2868 504054 SH Sole 504054
Burke &Herbert Bk COM 121331102 963 1618 SH Sole 1618
Cade Industries COM 127382109 58 22300 SH Sole 22300
Camco Financial COM 132618109 235 17820 SH Sole 17820
Cameron Fin'l COM 133425108 540 39261 SH Sole 39261
Capital Auto COM 139733109 25402 1917115 SH Sole 1917115
CareerBuilder,Inc COM 141684100 9013 686700 SH Sole 686700
Catskill Fin'l COM 149348104 852 52500 SH Sole 52500
CFS Bancorp COM 12525D102 656 60000 SH Sole 60000
CFSB Bancorp COM 124927104 271 11000 SH Sole 11000
Charter One Fin'l COM 160903100 2114 76000 SH Sole 76000
Chase Manhattan COM 16161A108 30060 347500 SH Sole 347500
Chastain Cap. Cp COM 161697107 4638 700000 SH Sole 700000
Cisco COM 17275R102 1951 30276 SH Sole 30276
Citigroup COM 172967101 26970 567795 SH Sole 567795
Coastal Bancorp COM 19041P105 3951 234137 SH Sole 234137
Coca-Cola Co. COM 191216100 496 7992 SH Sole 7992
Cohoes Bancorp COM 192513109 884 73692 SH Sole 73692
Comerica Inc COM 200340107 7251 122000 SH Sole 122000
Commercial Fed. COM 201647104 3826 165000 SH Sole 165000
Cntry Wide Credit COM 222372104 556 13000 SH Sole 13000
CSX Corporation COM 126408103 432 9518 SH Sole 9518
Damen Fin'l. COM 235906104 364 20000 SH Sole 20000
Danaher Corp COM 235851102 275 5372 SH Sole 5372
Delaware 1st Fin. COM 246064109 457 29500 SH Sole 29500
Delta & Pine Land COM 247357106 280 8900 SH Sole 8900
Dime Bancorp Inc COM 25429Q102 5353 266000 SH Sole 266000
Dover Downs Ent COM 260086103 8264 467240 SH Sole 467240
Downey Fin'l Corp COM 261018105 1645 75000 SH Sole 75000
Dynex Capital Inc COM 26817Q100 35 17000 SH Sole 17000
East-West Bank COM 27579R104 5233 520000 SH Sole 520000
Engel General Dev COM M40515104 1303 579200 SH Sole 579200
EQK Realty Invest COM 268820107 16 100000 SH Sole 100000
Everen Cap. Corp COM 299761106 641 21500 SH Sole 21500
Exxon Corp COM 302290101 726 9417 SH Sole 9417
Fair Isaac & Co COM 303250104 631 18000 SH Sole 18000
Fairfax Fin'l Hld COM 303901102 269 1000 SH Sole 1000
Fannie Mae/fnm COM 313586109 1433 21000 SH Sole 21000
FBR Group Inc. COM 358433100 489 41150 SH Sole 41150
Fed.Home Loan Mtg COM 313400301 6520 112420 SH Sole 112420
FFD Finan. Corp. COM 30243C107 145 10000 SH Sole 10000
Fidelity Fin.-OH COM 31614P107 425 35450 SH Sole 35450
Fifth Third Banc COM 316773100 865 13000 SH Sole 13000
First Bell Bcp COM 319301107 1243 70000 SH Sole 70000
First Fed E Hrtfd COM 319944104 1458 55000 SH Sole 55000
Fst Fed Fin bc OH COM 319988101 292 26500 SH Sole 26500
First Keystone COM 320655103 879 67000 SH Sole 67000
First Place Fin'l COM 33610T109 1902 154500 SH Sole 154500
First Sec Fed Fin COM 336392105 401 34900 SH Sole 34900
First Sentinel Bc COM 33646K106 1149 129500 SH Sole 129500
First STATE BCP COM 33645S100 193 10000 SH Sole 10000
First Union Corp. COM 337358105 8530 181000 SH Sole 181000
First Un.Real Est COM 337400105 62 13800 SH Sole 13800
Firstar Corp COM 33763V109 224 8000 SH Sole 8000
FirstFed Fin'l Cp COM 337907109 3003 156000 SH Sole 156000
Fleet Fin'l Group COM 338915101 577 13000 SH Sole 13000
Franchise Morgage COM 35181D108 153 17500 SH Sole 17500
Ga Financial COM 361437106 253 17300 SH Sole 17300
Golden St. Bcorp COM 381197102 2945 130900 SH Sole 130900
Golden West Fin'l COM 381317106 1715 17500 SH Sole 17500
Grand Central Fin.COM 38527S102 243 20000 SH Sole 20000
GSB Litigation Tr WAR 381197136 17 13100 SH Sole 13100
Gulfstream Aero. COM 402734107 1520 22500 SH Sole 22500
Hallmark Capital COM 406241109 354 31100 SH Sole 31100
Harris Savings Bk COM 414541102 324 30000 SH Sole 30000
Haven Bancorp COM 419352109 1147 71700 SH Sole 71700
HCB Bancshares COM 40413N106 1321 140000 SH Sole 140000
Hearst-Argyle COM 422317107 544 22676 SH Sole 22676
Hibernia Corp COM 428656102 2059 131250 SH Sole 131250
Hibernia Corp COM 428656102 686 43750 SH Sole 43750
Hibernia Corp COM 428656102 126 8000 SH Sole 8000
Hibernia Corp. COM 139733109 3138 200050 SH Sole 200050
Hingham Inst Svgs COM 433323102 1465 101900 SH Sole 101900
Hollywood Park COM 436255103 510 30000 SH Sole 30000
HUBCO Inc/hu COM 404382103 753 24000 SH Sole 24000
II VI Inc./iivi COM 902104108 646 68000 SH Sole 68000
Imp.Cred Com Mtg COM 45272T102 3118 1213200 SH Sole 1213200
Imp.Cred Indus COM 452729106 142 20000 SH Sole 20000
Imp.Cred Indus PREF N/A 10000 900000 SH Sole 900000
Independence COM 453414104 783 58000 SH Sole 58000
Innes Street Fin. COM 45768F103 118 9048 SH Sole 9048
Innsuites Hosp. COM 457919108 39 14200 SH Sole 14200
Intl. Speedway A COM 460335201 2220 46745 SH Sole 46745
Intl. Speedway B COM 460335102 20415 425320 SH Sole 425320
ITLA Capital Corp COM 450565106 7445 472670 SH Sole 472670
Jacksonville Bcrp COM 469248108 1381 87000 SH Sole 87000
John Han.Bk&Thrft COM 409735107 950 100000 SH Sole 100000
Keycorp COM 493267108 11253 350300 SH Sole 350300
Klamath First COM 49842P103 1105 73668 SH Sole 73668
KSB Bcorp COM 482667102 829 58600 SH Sole 58600
Lehman Brothers COM 524908100 623 10000 SH Sole 10000
Level One COM 527295109 979 20000 SH Sole 20000
Liberte Investor COM 530154103 37 10900 SH Sole 10900
Local Fincial Cp. COM 539553107 3252 325200 SH Sole 325200
Logansport Fin'l COM 541209102 1170 103400 SH Sole 103400
Long Beach Fn. Cp COM 542446109 2860 194700 SH Sole 194700
MacMillan Bloedel COM 554783209 270 15000 SH Sole 15000
Markel Corp. COM 570535104 16876 90248 SH Sole 90248
Medford Bcorp COM 584131106 698 38000 SH Sole 38000
MediaOne Grp Inc COM 58440J104 1636 22000 SH Sole 22000
MEGO Fin'l Corp COM 585162100 982 1256640 SH Sole 1256640
Mercantile Bcshs COM 587405101 205 5782 SH Sole 5782
Meridian Point COM 589949106 56 64242 SH Sole 64242
Meritage Corp. COM 59001A102 920 84128 SH Sole 84128
MFB Corp COM 55272D106 323 15000 SH Sole 15000
MGIC Investment COM 552848103 827 17000 SH Sole 17000
Miami Comp.Supply COM 593261100 3307 175219 SH Sole 175219
Micros Systems COM 594901100 1020 30000 SH Sole 30000
Midwest/Boling bk COM 598388106 132 11500 SH Sole 11500
Morgan Stn/Dn Wit COM 617446448 461 4500 SH Sole 4500
NAB Asset Corp COM 628712200 36 44000 SH Sole 44000
Nalco Chemical Co COM 629853102 519 10000 SH Sole 10000
NE Penn Fin'l COM 663905107 186 16000 SH Sole 16000
Netwk Access Sol COM 64120S109 46527 3495000 SH Sole 3495000
North Cent'l Bksh COM 658418108 1139 68000 SH Sole 68000
North Fork Bcorp COM 659424105 6220 291000 SH Sole 291000
Northrim Bank COM 666764105 330 30000 SH Sole 30000
NS&L Bancorp COM 62937R108 273 21240 SH Sole 21240
Nutmeg Federal COM 670608108 120 14166 SH Sole 14166
Ocean Fin'l Corp COM 674904107 2329 128500 SH Sole 128500
Oregon Trl Fin'l COM 685932105 370 29000 SH Sole 29000
Ovation Inc. COM 690148101 600 49463 SH Sole 49463
Pacific Ctrl Fin. COM 694058108 216 10000 SH Sole 10000
Pacific Crest COM 694166109 1930 126570 SH Sole 126570
Parkvale Fin'l COM 701492100 1243 57150 SH Sole 57150
PBOC Holdings COM 69316G108 280 28000 SH Sole 28000
Penn Nat'l Gaming COM 707569109 10943 1182985 SH Sole 1182985
Pennfed Fin'l COM 708167101 1654 105000 SH Sole 105000
Peoples Bk/Brdgpt COM 710198102 4577 150375 SH Sole 150375
People's Chce TV COM 710847104 305 32000 SH Sole 32000
Peoples Heritage COM 711147108 2258 120000 SH Sole 120000
PFF Bancorp COM 69331W104 1313 70000 SH Sole 70000
Philip Morris Co COM 718154107 362 9000 SH Sole 9000
Pioneer HiBred COM 723686101 973 25000 SH Sole 25000
PNC Bank Corp COM 693475105 1268 22000 SH Sole 22000
Pocahontas Bncorp COM 730234101 2629 347839 SH Sole 347839
Powerhouse Tech COM 739323103 1485 76300 SH Sole 76300
Precision Auto Cr COM 74018R105 221 72300 SH Sole 72300
Prime Retail, Inc COM 741570105 2285 263060 SH Sole 263060
Prime Retail, inc PREF 741570204 1254 78400 SH Sole 78400
Provident Fin'l COM 743868101 1110 55500 SH Sole 55500
Proxicom, Inc. COM 744282104 616 23981 SH Sole 23981
PSB Bancorp, Inc COM 693604100 176 28700 SH Sole 28700
Pulitzer Inc COM 745769109 4099 84415 SH Sole 84415
PVF Capital Corp COM 693654105 216 15000 SH Sole 15000
Quaker City Bcp COM 74731K106 1764 106900 SH Sole 106900
R&G Financial Cp COM 749136107 1287 75710 SH Sole 14000
Realty Info Gp COM 75612B107 1666 38300 SH Sole 38300
Redwood Financial COM 757903109 154 14000 SH Sole 14000
Republic NY Corp COM 760719104 1909 28000 SH Sole 28000
Resource Amer Inc COM 761195205 12322 849830 SH Sole 849830
Resource Asst Inv COM 761196104 4350 344575 SH Sole 344575
Richmond County COM 764556106 2361 122649 SH Sole 122649
Rocky Ford Fin'l COM 774549109 115 10000 SH Sole 10000
Roslyn Bcorp COM 778162107 2924 170100 SH Sole 170100
Seacoast Fin. Svc COM 81170Q106 2296 185854 SH Sole 185854
Scrty of PA Fin COM 814847109 159 15000 SH Sole 15000
SLM Holdings Corp COM 863871505 2867 62588 SH Sole 62588
South Jersey Fin. COM 838493104 140 10000 SH Sole 10000
Sovereign Bancorp COM 845905108 497 41000 SH Sole 41000
Staten Isld Bcorp COM 857550107 1368 76000 SH Sole 76000
Summit Bcorp COM 866005101 1192 28500 SH Sole 28500
Symmetricom Inc. COM 871543104 2519 310000 SH Sole 310000
TCF Financial COM 872275102 1199 43000 SH Sole 43000
Telebanc Fin'l Cp COM 87925R109 930 24000 SH Sole 24000
Texarkana 1st Fin COM 881801104 430 18100 SH Sole 18100
TF Fin'l Group COM 872391107 104 5500 SH Sole 5500
Thistle Group COM 88431E103 159 18000 SH Sole 18000
TIS Mort Inv COM 872527106 15 15000 SH Sole 15000
Troy Financial COM 897329108 157 15000 SH Sole 15000
Union Community COM 906054101 189 17000 SH Sole 17000
Union Planters Cp COM 908068109 3575 80000 SH Sole 80000
United Bankshares COM 909907107 1060 40000 SH Sole 40000
United Pay.& Unit COM 911319101 6233 268800 SH Sole 268800
UST Corp/ustb COM 902900109 1271 42000 SH Sole 42000
Virginia Capital COM 927758102 1252 82100 SH Sole 82100
Vodafone COM 92857T107 2512 12750 SH Sole 12750
Washington Fed COM 938824109 1444 64350 SH Sole 64350
Washington Mutual COM 939322103 14837 417200 SH Sole 417200
Webster COM 947890109 1478 54500 SH Sole 54500
Wells Fargo COM 949746101 7097 166000 SH Sole 166000
Western Bancorp COM 957683105 337 7743 SH Sole 7743
Winsloew Furn.Inc COM 975377102 336 10000 SH Sole 10000
Woronoco Savings COM 981630106 440 44000 SH Sole 44000
Wyman Park COM 983086109 164 24000 SH Sole 24000
Wyndham Hotel COM 703352203 74 16500 SH Sole 16500
Yonkers Fin'l COM 986073104 803 45900 SH Sole 45900
Zions Bancorp COM 989701107 254 4000 SH Sole 4000
