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 14, 1996
(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
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 $37.9 million in the second
quarter and $70.2 million year-to-date in 1996 compared with $33.3 million and
$60.7 million, respectively, in the same periods last year. Net income
for the quarter
and year-to-date were favorably affected by a larger average portfolio
financed. The
average balance of credit receivables and leases financed was 20 percent higher
in both the second quarter and the first six months of 1996 compared with
the same
periods last year.
Credit receivable and lease acquisitions increased 19 percent during the second
quarter and 21 percent year-to-date compared with a year ago. Acquisitions of
John Deere equipment notes were 12 percent higher in the current year,
primarily due to increased retail sales of John Deere equipment.
Acquisitions of retail notes,
revolving charge accounts, leases and wholesale receivables all
increased during
the first six months compared with last year. Year-to-date retail notes
acquired totaled $1.586 billion, a 12 percent increase over 1995 acquisitions.
Net receivables and leases financed by John Deere Capital Corporation were
$4.806 billion at April 30, 1996 compared with $3.796 billion one year ago.
The increase resulted from credit acquisitions exceeding collections during
the last 12
months, partially offset by a retail note sale during the same period.
Net credit
receivables and leases administered, which include receivables previously
securitized and sold, totaled $6.045 billion at April 30, 1996 compared
with $5.294
billion at April 30, 1995."
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: May 14, 1996
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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 14, 1996, file number 1-4121).
