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: August 13, 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
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.
John Deere Capital Corporation
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 $32.3 million in
the third quarter
and $102.5 million year-to-date in 1996 compared with $26.3 and $87.0
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 24 percent higher in the third quarter and 21
percent higher in the
first nine months of 1996 compared with the same periods last year.
Credit receivable and lease acquisitions increased 22 percent
during both the third
quarter and year-to-date compared with a year ago. Acquisitions of John
Deere equipment
notes were 11 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 nine months compared with
last year. Year-
to-date retail notes acquired totaled $2.231 billion, a 10 percent increase
over 1995
acquisitions.
Net receivables and leases financed by John Deere Capital
Corporation were $5.297
billion at July 31, 1996 compared with $4.341 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 $6.411
billion at July 31,
1996 compared with $5.668 billion at July 31, 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: August 13, 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 August 13, 1996, file number 1-4121).
