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: February 21, 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 net income was $27.4 million
in the first quarter
of 1995 compared with $23.0 million in the same period last
year. Net income for the
quarter was favorably affected by a larger average portfolio
financed and a lower
provision for credit losses. The average balance of credit
receivables and leases
financed was 20 percent higher in the first quarter of 1995
compared with the same
period last year.
Credit receivable and lease acquisitions increased 20 percent
during the first quarter.
Retail notes acquired during the quarter totaled $703 million, a
19 percent increase
over the first quarter 1994 acquisitions. Acquisitions of John
Deere equipment notes
were 21 percent higher in the current year. Acquisitions of
revolving charge
accounts and wholesale receivables also increased during the
quarter compared with
last year.
Credit receivables and leases financed by John Deere Capital
Corporation were
$4.208 billion at January 31, 1995 compared with $3.477 billion
one year ago. The
increase resulted from credit acquisitions exceeding collections
during the last 12
months, partially offset by the sale of retail notes during the
fourth quarter of 1994.
Credit receivables and leases administered, which include
receivables previously
securitized and sold, totaled $5.195 billion at January 31, 1995
compared with $4.656
billion at January 31, 1994."
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(99) Press release and additional information of Deere &
Company
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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: February 21, 1995
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EXHIBIT INDEX
Number and Description of Exhibit Sequential Page
Number
99. Press release and additional information of
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated February 21, 1995, file number 1-4121).
