SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Federal Agricultural Mortgage Corporation
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(Name of Issuer)
Class A Voting Stock
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(Title of Class of Securities)
313148 10 8
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 6 pages
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CUSIP NO. 313148 10 8
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zions Bancorporation
I.R.S. #87-0227400
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Utah
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5. SOLE VOTING POWER
NUMBER OF 322,100
SHARES -----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 322,100
WITH -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
322,100
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
32.5%
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12. TYPE OF REPORTING PERSON
HC
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Page 2 of 6 pages
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Item 1(a). Name of Issuer.
Federal Agricultural Mortgage Corporation
Item 1(b). Address of Issuer's Principal Executive Offices.
919 18th Street, N.W., Suite 200, Washington, DC, 20006
Item 2(a). Name of Person Filing.
Zions Bancorporation
Item 2(b). Address of Principal Business or, if None, Residence
1380 Gateway Tower East, Salt Lake City, UT, 84133
Item 2(c). Citizenship.
Utah
Item 2(d). Title of Class of Securities.
Class A Voting Stock
Item 2(e). CUSIP Number.
313148 10 8
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
Page 3 of 6 pages
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(g) [X] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G); see Item 7,
(h) [ ] Group, in accordance with Rule 13d-1b(1)(ii)(H).
Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) Amount beneficially owned:
322,100
(b) Percent of class:
32.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
322,100
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of:
322,100
(iv) shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of the Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Page 4 of 6 pages
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Zions First National Bank, BK
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of a Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Page 5 of 6 pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 13, 1997 ZIONS BANCORPORATION
By: /s/ Dale M. Gibbons
Name: Dale M. Gibbons
Title: Secretary, Senior Vice President,
and Chief Financial Officer
Page 6 of 6 pages
