UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/99
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: Farmers & Mechanics National Bank
Address: 110 Thomas Johnson Drive
PO Box 460
Frederick, MD 21705
13F File Number: 28-7174
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
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: H. Wendy Wetstein
Title: Sr. Vice President
Phone: 301-694-4093
Signature, Place, and Date of Signing:
H. Wendy Wetstein Frederick, MD 8/9/99
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 230
Form 13F Information Table Entry Total: $198,324
List of Other Included Managers:
NONE
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- --- --- --- ---- ------- ------------- ------- --------- ------
AT&T CORP. COM 001957109 2980 37340 SH SOLE 36980 360
AT&T CORP. COM 001957109 291 3658 SH DEFINED 2584 749 325
ABBOTT LABORATORIES COM 002824100 1633 34893 SH SOLE 34893
ABBOTT LABORATORIES COM 002824100 119 2550 SH DEFINED 1700 850
AEGON N.V. - ARS COM 007924103 206 2300 SH SOLE 2300
ALLEGHENY ENERGY INC. COM 017361106 143 4861 SH SOLE 4861
ALLEGHENY ENERGY INC. COM 017361106 123 4175 SH DEFINED 3075 1100
THE ALLSTATE CORP. COM 020002101 586 15818 SH SOLE 15398 420
THE ALLSTATE CORP. COM 020002101 274 7397 SH DEFINED 7297 100
AMERICAN BANKERS INS. GROUP COM 024456105 205 3950 SH SOLE 3950
AMERICAN BANKERS INS. GROUP COM 024456105 16 325 SH DEFINED 250 75
AMERICAN GENERAL CORP. COM 026351106 223 3175 SH SOLE 3175
AMERICAN GENERAL CORP. COM 026351106 84 1200 SH DEFINED 1200
AMERICAN HOME PRODUCTS CORP COM 026609107 3917 60044 SH SOLE 59619 425
AMERICAN HOME PRODUCTS CORP COM 026609107 544 8350 SH DEFINED 6875 225 1250
AMERICAN INTERNATIONAL GROUP COM 026874107 4047 33554 SH SOLE 33312 242
AMERICAN INTERNATIONAL GROUP COM 026874107 349 2900 SH DEFINED 2700 25 175
AMERITECH CORPORATION COM 030954101 781 13566 SH SOLE 13556 10
AMERITECH CORPORATION COM 030954101 165 2868 SH DEFINED 2268 600
AMGEN INC. COM 031162100 1414 18885 SH SOLE 18885
AMGEN INC. COM 031162100 20 270 SH DEFINED 270
ATLANTIC RICHFIELD CO COM 048825103 1228 16800 SH SOLE 16375 425
ATLANTIC RICHFIELD CO COM 048825103 426 5834 SH DEFINED 5759 25 50
AUTOMATIC DATA PROCESSING COM 053015103 910 21995 SH SOLE 21965 30
AUTOMATIC DATA PROCESSING COM 053015103 36 875 SH DEFINED 775 50 50
BP AMOCO PLC SPONSORED ADR COM 055622104 724 7177 SH SOLE 7177
BP AMOCO PLC SPONSORED ADR COM 055622104 734 7270 SH DEFINED 6888 382
BALTIMORE GAS & ELECTRIC CO COM 059165100 190 7496 SH SOLE 7496
BALTIMORE GAS & ELECTRIC CO COM 059165100 109 4330 SH DEFINED 3500 500 330
BANK ONE CORPORATION COM 06423A103 1040 18898 SH SOLE 18798 100
BANK ONE CORPORATION COM 06423A103 109 1983 SH DEFINED 1270 413 300
BANKAMERICA CORPORATION NEW COM 06605F102 3176 44980 SH SOLE 44330 650
BANKAMERICA CORPORATION NEW COM 06605F102 788 11171 SH DEFINED 10896 275
BELL ATLANTIC CORP. COM 077853109 1869 36169 SH SOLE 35579 590
BELL ATLANTIC CORP. COM 077853109 493 9549 SH DEFINED 7197 1452 900
BELL SOUTH CORPORATION COM 079860102 1120 27973 SH SOLE 27873 100
BELL SOUTH CORPORATION COM 079860102 361 9029 SH DEFINED 7954 1000 75
BESTFOODS COM 08658U101 1500 31926 SH SOLE 31851 75
BESTFOODS COM 08658U101 103 2195 SH DEFINED 1995 200
BIOGEN COM 090597105 421 3685 SH SOLE 3660 25
BIOGEN COM 090597105 16 140 SH DEFINED 90 50
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 4944 77108 SH SOLE 76878 230
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 740 11542 SH DEFINED 9142 900 1500
BRITISH TELECOMMUNICATIONS COM 111021408 168 1025 SH SOLE 1025
BRITISH TELECOMMUNICATIONS COM 111021408 35 215 SH DEFINED 215
BURLINGTON NORTHERN SANTA FE COM 12189T104 299 9109 SH SOLE 9109
BURLINGTON NORTHERN SANTA FE COM 12189T104 23 725 SH DEFINED 725
CIGNA CORP. COM 125509109 1241 14818 SH SOLE 14768 50
CIGNA CORP. COM 125509109 32 390 SH DEFINED 340 50
CSX CORP. COM 126408103 646 16615 SH SOLE 16350 265
CSX CORP. COM 126408103 64 1665 SH DEFINED 1140 425 100
CAPITAL ONE FINANCIAL CORP. COM 14040H105 913 6049 SH SOLE 6049
CAPITAL ONE FINANCIAL CORP. COM 14040H105 52 350 SH DEFINED 350
CARNIVAL CRUISE LINES, INC. CL COM 143658102 2226 45844 SH SOLE 45329 515
CARNIVAL CRUISE LINES, INC. CL COM 143658102 90 1860 SH DEFINED 1760 25 75
CATERPILLAR TRACTOR COM 149123101 360 7840 SH SOLE 7840
CATERPILLAR TRACTOR COM 149123101 51 1120 SH DEFINED 1120
CENTURY TELEPHONE ENT. COM 156686107 355 5062 SH SOLE 5062
CHASE MANHATTAN CORP. COM 16161A108 3291 40445 SH SOLE 40145 300
CHASE MANHATTAN CORP. COM 16161A108 131 1610 SH DEFINED 1485 25 100
CHEVRON CORP. COM 166751107 1648 18580 SH SOLE 18415 165
CHEVRON CORP. COM 166751107 126 1420 SH DEFINED 1310 35 75
CISCO SYSTEMS INC. COM 17275R102 5126 46787 SH SOLE 46605 182
CISCO SYSTEMS INC. COM 17275R102 283 2592 SH DEFINED 2280 212 100
CITIGROUP INC. COM 172967101 4036 63186 SH SOLE 63041 145
CITIGROUP INC. COM 172967101 113 1775 SH DEFINED 1300 325 150
THE COASTAL CORPORATION COM 190441105 426 12915 SH SOLE 12820 95
THE COASTAL CORPORATION COM 190441105 19 580 SH DEFINED 580
COCA-COLA COMPANY COM 191216100 2267 36948 SH SOLE 36813 135
COCA-COLA COMPANY COM 191216100 467 7615 SH DEFINED 1965 5550 100
COLGATE PALMOLIVE CO. COM 194162103 149 1626 SH SOLE 1626
COLGATE PALMOLIVE CO. COM 194162103 55 600 SH DEFINED 600
COLUMBIA ENERGY GROUP COM 197648108 570 10924 SH SOLE 10874 50
COLUMBIA ENERGY GROUP COM 197648108 9 190 SH DEFINED 120 20 50
COMPAQ COMPUTER CORP. COM 204493100 1420 44815 SH SOLE 44710 105
COMPAQ COMPUTER CORP. COM 204493100 50 1590 SH DEFINED 1440 150
COMPUTER SCIENCES CORP. COM 205363104 767 13898 SH SOLE 13653 245
COMPUTER SCIENCES CORP. COM 205363104 30 550 SH DEFINED 475 25 50
DAYTON HUDSON CORP. COM 239753106 1652 24800 SH SOLE 24530 270
DAYTON HUDSON CORP. COM 239753106 86 1295 SH DEFINED 1195 25 75
DEAN FOODS COM 242361103 255 7180 SH SOLE 7180
DEAN FOODS COM 242361103 1 30 SH DEFINED 30
DELL COMPUTER COM 247025109 608 14875 SH SOLE 14875
DELL COMPUTER COM 247025109 11 275 SH DEFINED 275
DELTA AIR LINES COM 247361108 517 7442 SH SOLE 7417 25
DELTA AIR LINES COM 247361108 29 420 SH DEFINED 395 25
WALT DISNEY CO,. COM 254687106 3073 98750 SH SOLE 98005 745
WALT DISNEY CO,. COM 254687106 214 6905 SH DEFINED 6230 375 300
DOW CHEMICAL CO COM 260543103 2281 24485 SH SOLE 24100 385
DOW CHEMICAL CO COM 260543103 152 1635 SH DEFINED 1575 10 50
E. I. DUPONT DE NEMOURS CO. COM 263534109 2042 35176 SH SOLE 34861 315
E. I. DUPONT DE NEMOURS CO. COM 263534109 429 7390 SH DEFINED 6730 225 435
DUKE ENERGY CORP. COM 264399106 138 2532 SH SOLE 2432 100
DUKE ENERGY CORP. COM 264399106 110 2025 SH DEFINED 2025
E M C CORPORATION COM 268648102 808 6325 SH SOLE 6325
EASTMAN KODAK CO COM 277461109 253 3975 SH SOLE 3875 100
EASTMAN KODAK CO COM 277461109 12 200 SH DEFINED 200
EMERSON ELECTRIC COM 291011104 236 4470 SH SOLE 4470
EMERSON ELECTRIC COM 291011104 50 950 SH DEFINED 950
ENERGY EAST CORP COM 29266M109 963 18330 SH SOLE 18245 85
ENERGY EAST CORP COM 29266M109 12 245 SH DEFINED 180 15 50
EQUIFAX INCORPORATED COM 294429105 1670 48600 SH SOLE 48060 540
EQUIFAX INCORPORATED COM 294429105 163 4765 SH DEFINED 2590 2100 75
EXXON CORP COM 302290101 5234 74188 SH SOLE 74118 70
EXXON CORP COM 302290101 1027 14555 SH DEFINED 7570 5735 1250
F & M BANCORP COM 302367107 5088 164156 SH SOLE 164156
F & M BANCORP COM 302367107 843 27222 SH DEFINED 24365 2857
FCNB CORP. COM 302920103 871 45565 SH SOLE 45565
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 1251 21835 SH SOLE 21685 150
FEDERAL HOME LOAN MORTGAGE COR COM 313400301 61 1075 SH DEFINED 1025 50
FEDERAL NATIONAL MORTGAGE ASSO COM 313586109 904 13060 SH SOLE 13010 50
FEDERAL NATIONAL MORTGAGE ASSO COM 313586109 84 1225 SH DEFINED 1075 150
FIRST UNION CORP COM 337358105 846 15845 SH SOLE 15845
FIRST UNION CORP COM 337358105 49 925 SH DEFINED 925
FORD MOTOR COMPANY COM 345370100 1871 33008 SH SOLE 32858 150
FORD MOTOR COMPANY COM 345370100 83 1465 SH DEFINED 1315 25 125
GPU INC COM 36225X100 603 16167 SH SOLE 16107 60
GPU INC COM 36225X100 16 455 SH DEFINED 390 15 50
G T E CORP. COM 362320103 860 14230 SH SOLE 14205 25
G T E CORP. COM 362320103 240 3970 SH DEFINED 2450 1470 50
GANNETT COMPANY COM 364730101 291 4630 SH SOLE 4630
GANNETT COMPANY COM 364730101 4 65 SH DEFINED 65
GATEWAY 2000 COM 367833100 442 6453 SH SOLE 6453
GATEWAY 2000 COM 367833100 6 100 SH DEFINED 100
GENERAL ELECTRIC CO COM 369604103 9047 81782 SH SOLE 80882 900
GENERAL ELECTRIC CO COM 369604103 1994 18029 SH DEFINED 10330 7149 550
GENERAL MOTORS CORP COM 370442105 210 2420 SH SOLE 2420
GILLETTE CO COM 375766102 3877 65229 SH SOLE 64949 280
GILLETTE CO COM 375766102 450 7580 SH DEFINED 3060 4370 150
HALLIBURTON CO COM 406216101 443 11525 SH SOLE 11500 25
HALLIBURTON CO COM 406216101 9 250 SH DEFINED 150 25 75
HEWLETT-PACKARD CO COM 428236103 2541 37478 SH SOLE 37353 125
HEWLETT-PACKARD CO COM 428236103 222 3275 SH DEFINED 3150 125
THE HOME DEPOT, INC. COM 437076102 1038 16675 SH SOLE 16625 50
THE HOME DEPOT, INC. COM 437076102 42 675 SH DEFINED 550 125
INTEL CORPORATION COM 458140100 7128 59965 SH SOLE 58640 1325
INTEL CORPORATION COM 458140100 635 5345 SH DEFINED 4310 810 225
INTERNATIONAL BUSINESS MACHINE COM 459200101 348 1965 SH SOLE 1965
INTERNATIONAL BUSINESS MACHINE COM 459200101 111 627 SH DEFINED 527 100
INTERNATIONAL PAPER CO. COM 460146103 1001 23750 SH SOLE 23715 35
INTERNATIONAL PAPER CO. COM 460146103 36 865 SH DEFINED 790 25 50
JOHNSON & JOHNSON COM 478160104 4464 47745 SH SOLE 47475 270
JOHNSON & JOHNSON COM 478160104 440 4715 SH DEFINED 3990 225 500
JOHNSON CTLS INC COM 478366107 1436 23030 SH SOLE 22960 70
JOHNSON CTLS INC COM 478366107 82 1320 SH DEFINED 1185 35 100
KIMBERLY-CLARK CORPORATION COM 494368103 299 6250 SH SOLE 6250
KIMBERLY-CLARK CORPORATION COM 494368103 13 275 SH DEFINED 275
THE KROGER CO. COM 501044101 209 3500 SH SOLE 3500
ELI LILLY & CO. COM 532457108 1559 18375 SH SOLE 17575 800
ELI LILLY & CO. COM 532457108 23 280 SH DEFINED 280
LITTON INDS INC COM 538021106 205 3535 SH SOLE 3535
LITTON INDS INC COM 538021106 1 25 SH DEFINED 25
LOCKHEED MARTIN CORPORATION COM 539830109 630 16705 SH SOLE 16645 60
LOCKHEED MARTIN CORPORATION COM 539830109 8 235 SH DEFINED 185 25 25
LUCENT TECHNOLOGIES COM 549463107 3782 35026 SH SOLE 34772 254
LUCENT TECHNOLOGIES COM 549463107 389 3606 SH DEFINED 2413 968 225
MBNA CORPORATION COM 55262L100 2889 121015 SH SOLE 118625 2390
MBNA CORPORATION COM 55262L100 222 9323 SH DEFINED 8586 437 300
MCI WORLDCOM INC COM 55268B106 955 10786 SH SOLE 10761 25
MCI WORLDCOM INC COM 55268B106 25 290 SH DEFINED 240 50
MARRIOTT INTERNATIONAL INC. CL COM 571903202 1034 30769 SH SOLE 30669 100
MARRIOTT INTERNATIONAL INC. CL COM 571903202 66 1975 SH DEFINED 375 1600
MASON-DIXON BANCSHARES INC. COM 575207105 101 2226 SH SOLE 2226
MASON-DIXON BANCSHARES INC. COM 575207105 202 4456 SH DEFINED 4456
MEDIAONE GROUP INC COM COM 58440J104 101 1600 SH SOLE 1600
MEDIAONE GROUP INC COM COM 58440J104 228 3599 SH DEFINED 2599 800 200
MELLON BANCORP COM 585509102 175 2500 SH SOLE 2500
MELLON BANCORP COM 585509102 45 648 SH DEFINED 648
MERCANTILE BANKSHARES CORP COM 587405101 867 23442 SH SOLE 23442
MERCANTILE BANKSHARES CORP COM 587405101 73 1999 SH DEFINED 1999
MERCK & CO.,INC. COM 589331107 5023 62696 SH SOLE 62566 130
MERCK & CO.,INC. COM 589331107 263 3290 SH DEFINED 3140 150
MICROSOFT CORP. COM 594918104 8271 92292 SH SOLE 91102 1190
MICROSOFT CORP. COM 594918104 670 7480 SH DEFINED 7080 400
MINNESOTA MINING AND MFG CO COM 604059105 168 2375 SH SOLE 2375
MINNESOTA MINING AND MFG CO COM 604059105 203 2875 SH DEFINED 1875 500 500
MOBIL CORP. COM 607059102 2367 26906 SH SOLE 26341 565
MOBIL CORP. COM 607059102 158 1800 SH DEFINED 1650 100 50
NORFOLK SOUTHERN CORP. COM 655844108 379 14375 SH SOLE 14375
PEPSICO INC COM 713448108 749 19125 SH SOLE 18725 400
PEPSICO INC COM 713448108 209 5350 SH DEFINED 4550 800
PFIZER INC COM 717081103 2470 17809 SH SOLE 17749 60
PFIZER INC COM 717081103 104 750 SH DEFINED 650 100
PHILIP MORRIS COMPANIES, INC. COM 718154107 646 18365 SH SOLE 17745 620
PHILIP MORRIS COMPANIES, INC. COM 718154107 97 2785 SH DEFINED 2660 125
PROCTOR AND GAMBLE CO COM 742718109 2458 25105 SH SOLE 24860 245
PROCTOR AND GAMBLE CO COM 742718109 142 1460 SH DEFINED 1335 25 100
PROVIDIAN FINANCIAL CORP. COM 74406A102 485 4412 SH SOLE 4412
RELIANT ENERGY INC COM 75952J108 426 16366 SH SOLE 16291 75
RELIANT ENERGY INC COM 75952J108 11 430 SH DEFINED 330 25 75
ROYAL DUTCH PETROLEUM COMPANY COM 780257804 1345 25880 SH SOLE 25630 250
ROYAL DUTCH PETROLEUM COMPANY COM 780257804 68 1320 SH DEFINED 1195 125
SBC COMMUNICATIONS INC. COM 78387G103 743 15756 SH SOLE 15756
SBC COMMUNICATIONS INC. COM 78387G103 238 5048 SH DEFINED 5048
SARA LEE CORP. COM 803111103 1269 51278 SH SOLE 50718 560
SARA LEE CORP. COM 803111103 41 1690 SH DEFINED 1315 50 325
SEARS ROEBUCK AND CO COM 812387108 274 6077 SH SOLE 5877 200
SEARS ROEBUCK AND CO COM 812387108 199 4413 SH DEFINED 4313 100
SMITHKLINE BEECHAM ADR COM 832378301 712 9965 SH SOLE 9965
SMITHKLINE BEECHAM ADR COM 832378301 14 200 SH DEFINED 200
SPRINT CORPORATION COM 852061100 1447 14755 SH SOLE 14730 25
SPRINT CORPORATION COM 852061100 130 1335 SH DEFINED 1300 10 25
SPRINT CORP SERIES I PCS COM 852061506 198 4476 SH SOLE 4469 7
SPRINT CORP SERIES I PCS COM 852061506 27 624 SH DEFINED 612 12
STAPLES INC. COM 855030102 533 16234 SH SOLE 16159 75
STAPLES INC. COM 855030102 16 499 SH DEFINED 349 150
SUN MICROSYSTEMS COM 866810104 5640 45104 SH SOLE 44954 150
SUN MICROSYSTEMS COM 866810104 216 1730 SH DEFINED 1555 75 100
SUNTRUST BANK INC. COM 867914103 453 7291 SH SOLE 7291
SUNTRUST BANK INC. COM 867914103 9 150 SH DEFINED 150
TJX COMPANIES COM 872540109 1161 34155 SH SOLE 33805 350
TJX COMPANIES COM 872540109 46 1375 SH DEFINED 975 400
TEXACO INC. COM 881694103 756 13335 SH SOLE 13135 200
TEXACO INC. COM 881694103 87 1550 SH DEFINED 1550
UST, INC. COM 902911106 209 8000 SH SOLE 8000
UNILEVER N.V. COM 904784501 186 2800 SH SOLE 2000 800
UNILEVER N.V. COM 904784501 59 900 SH DEFINED 700 200
U S WEST INC (NEW) COMMON COM 91273H101 338 6147 SH SOLE 6147
U S WEST INC (NEW) COMMON COM 91273H101 159 2895 SH DEFINED 2369 321 205
UNITED TECHNOLOGIES, INC. COM 913017109 741 5477 SH SOLE 5477
UNITED TECHNOLOGIES, INC. COM 913017109 37 280 SH DEFINED 280
UNIVERSAL CORPORATION COM 913456109 296 11600 SH SOLE 11600
VODAFONE GROUP PLC ADR COM 92857T107 385 2055 SH SOLE 2055
VODAFONE GROUP PLC ADR COM 92857T107 9 50 SH DEFINED 50
WAL-MART STORES COM 931142103 515 5590 SH SOLE 5565 25
WAL-MART STORES COM 931142103 2 25 SH DEFINED 25
WARNER LAMBERT CO COM 934488107 671 10135 SH SOLE 10135
WARNER LAMBERT CO COM 934488107 600 9058 SH DEFINED 9058
WELLS FARGO & COMPANY NEW COM 949746101 395 11285 SH SOLE 11235 50
WELLS FARGO & COMPANY NEW COM 949746101 12 350 SH DEFINED 250 100
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