SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 23, 1995
(Date of earliest event reported)
JOHN DEERE CAPITAL CORPORATION
(Exact name of registrant as specified in charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-6458
(Commission File Number)
36-2386361
(IRS Employer Identification No.)
Suite 600
First Interstate Bank Building
1 East First Street
Reno, Nevada 89501
(Address of principal executive offices and zip code)
(702)786-5527
(Registrant`s telephone number, including area code)
_______________________________________
Page 1 of 4 pages.
The Exhibit Index appears at Page 4
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Item 5. Other Information Events.
The following is disclosed on behalf of the Company's United
States credit
subsidiary, John Deere Capital Corporation, in connection with
the disclosure
requirements of programs providing for the issuance of debt
securities:
"John Deere Capital Corporation's (Capital Corporation) net
income was $33.3
million in the second quarter and $60.7 million year-to-date in
1995 compared with
$25.9 million and $48.9 million in the same periods last year.
Net income for both
the quarter and the first six months was favorably affected by
increased gains on
the sale of retail notes and a larger average portfolio
financed. The average
balance of credit receivables and leases financed was 16 percent
higher in the
second quarter and 18 percent higher in the first six months of
1995 compared with
the same periods last year.
Credit receivable and lease acquisitions increased 15 percent
during the second
quarter and 17 percent year-to-date compared with a year ago.
Acquisitions of John
Deere equipment notes were 16 percent higher in the current
year, primarily due to
increased retail sales of John Deere equipment. Acquisitions of
retail notes,
revolving charge accounts and wholesale receivables all
increased during the first
six months of this year compared with 1994. Year-to-date retail
notes acquired
totaled $1.416 billion, a 15 percent increase over 1994
acquisitions.
Credit receivables and leases financed by the Capital
Corporation were $3.796
billion at April 30, 1995 compared with $3.757 billion one year
ago. The Capital
Corporation securitized and sold retail notes for which it
received proceeds of
$1.245 billion during the past 12 months, including $722 million
received in April
1995. These sales mostly offset the increase in credit
receivables resulting from
acquisitions exceeding collections in the same period. Credit
receivables and
leases administered, which include receivables previously
securitized and sold,
totaled $5.294 billion at April 30, 1995 compared with $4.694
billion at April 30,
1994. "
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(99) Press release and additional information of Deere &
Company
<PAGE>
Signature
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned hereto
duly authorized.
JOHN DEERE CAPITAL CORPORATION
By /s/ Frank S. Cottrell
Frank S. Cottrell, Secretary
Dated: May 23, 1995
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EXHIBIT INDEX
Sequential
Number and Description of Exhibit Page
Number
99. Press release and additional information of
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated May 23, 1995, file number 1-4121).
