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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 17, 1998
(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)
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(Former name or former address, if changed since last report.)
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 $30.6
million in the first quarter of 1998 compared with $29.7 million
last year. First quarter results reflect higher income from a
larger average receivable and lease portfolio, partially offset
by higher operating expenses, lower securitization and servicing
fee income, and narrower financing spreads. The average balance
of receivables and leases financed was 11 percent higher for the
quarter compared with a year ago.
Net receivables and leases financed by John Deere Capital
Corporation were $6.468 billion at January 31, 1998 compared with
$5.788 billion one year ago. The increase resulted from
acquisitions exceeding collections, partially offset by retail
note sales. Net receivables and leases administered, which
include receivables previously securitized and sold, totaled
$7.482 billion at January 31, 1998 compared with $6.757 billion
at January 31, 1997. Receivable and lease acquisition volumes
increased 4 percent during the first quarter compared with last
year.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(99) Press release and additional information
of Deere & Company.
Page 2
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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
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Frank S. Cottrell, Secretary
Dated: February 17, 1998
Page 3
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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 February 17, 1998, file number 1-4121).
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