RIGGS NATIONAL CORP
SC 13G/A, 1995-02-14
NATIONAL COMMERCIAL BANKS
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                              UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549




                              SCHEDULE 13G

                  Under the Securities Exchange Act of 1934

                         (Amendment No.   1  )*
                                       ______



GEICO Corporation                                                        
_________________________________________________________________________
                            (Name of Issuer)

Common                                                                   
_________________________________________________________________________
                     (Title of Class of Securities)

                              361582109
                    ________________________________
                            CUSPID Number


Check the following box if a fee is being paid with this statement  /  /. 
(A fee is not required only if the filing person: (1) has a previous 
statement on file reporting beneficial ownership of more than five 
percent of the class of securities described in Item 1; and  (2) has 
filed no amendment subsequent thereto reporting beneficial ownership of 
five percent or less of such class.)  (See rule 13d-7).

* The remainder of this cover page shall be filled out for a reporting 
person's initial filing on this form with respect to the subject class of 
securities, and for any subsequent amendment containing information which 
would alter the disclosures provided in a prior cover page. 

The information required in the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of 
that section of the Act but shall be subject to all other provisions of 
the Act (however, see the Notes).
                                   -1-
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<PAGE>
CUSPID No.  361582109

                                  13G


1.  NAME OF REPORTING PERSON
    S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

            Riggs National Corporation

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

                                                      (a)            
                                                         __________

                                                      (b)            
                                                         __________

3.  SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           Washington, DC



NUMBER OF SHARES
BENEFICIALLY OWNED BY 
EACH REPORTING
PERSON WITH
                                      5.  SOLE VOTING POWER
                                               1,635,936
                                      6.  SHARED VOTING POWER
                                               122,500
                                      7.  SOLE DISPOSITIVE POWER
                                               6,275,063
                                      8.  SHARED DISPOSITIVE POWER
                                               132,100

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         6,407,163

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         9.3%

12. TYPE OF REPORTING PERSON*
         B.K.


                  * SEE INSTRUCTIONS BEFORE FILLING OUT!
                                   -2-
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<PAGE>
                       INSTRUCTIONS FOR SCHEDULE 13G
Instructions for Cover Page

1.  Names and Social Security Numbers of Reporting Persons -- Furnish the 
    full legal name of each person for whom the report is filed--i.e,    
    each person required to sign the schedule itself--including each     
    member of a group.  Do not include the name of a person required to  
    be identified in the report but who is not a reporting person.       
    Reporting persons are also requested to furnish their Social Security 
    or I.R.S. identification numbers, although disclosure of such numbers 
    is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING 
    WITH SCHEDULE 13G", below).

2.  If any of the shares beneficially owned by a reporting person are    
    held as a member of a group and such membership is expressly         
    affirmed, please check row 2(a).  If the membership in a group is    
    disclaimed or the reporting person describes a relationship with     
    other persons but does not affirm the existence of a group, please   
    check row 2(b) [unless a joint filing pursuant to Rule 13d-1 (e)(1)in 
    which case it may not be necessary to check row  2(b)].

3.  The third row is for SEC internal use: please leave blank.

4.  Citizenship or Place of Origination -- Furnish citizenship if the    
    named reporting person is a natural person.  Otherwise, furnish place 
    of organization.

5.  -  (9), (11) Aggregate Amount Beneficially Owned By Each Reporting   
    Person, Etc.-- Rows (5) through (9) inclusive, and (11) are to be    
    completed in accordance with the provisions of Item 4 of Schedule    
    13G.  All percentages are to be rounded off to the nearest tenth (one 
    place after decimal point).

10. Check if the aggregate amount reported as beneficially owned in row  
    (9) does not include shares as to which beneficial ownership is      
    disclaimed pursuant to Rule 13d-4 [17 CFR 240.13d-4] under the       
    Securities Exchange Act of 1934.

12. Type of Reporting Person -- Please classify each "reporting person"  
    according to the following breakdown (see Item 3 of Schedule 13G) and 
    place the appropriate symbol on the form:

<TABLE>
        Category                                              Symbol
        ________                                              ______
        <S>                                                    <C>
        Broker Dealer                                           BD
        Bank                                                    BK
        Insurance Company                                       IC
        Investment Company                                      IV
        Investment Advisor                                      IA
        Employee Benefit Plan, Pension Fund, or Endowment Fund  EP
        Parent Holding Company                                  HC
        Corporation                                             CO
        Partnership                                             PN
        Individual                                              IN
        Other                                                   OO

</TABLE>
                                   -3-
</PAGE>



<PAGE>
Notes:
     Attach as many copies of the second part of the cover page as are 
needed, on reporting person per page.
     Filing persons may, in order to avoid unnecessary duplication, 
answer items on the schedules (Schedule 13D, 13G or 14D-1) by 
appropritate cross reference to an item or items on the cover page(s).  
This approach may only be used where the cover page item or items provide 
all the disclosure required by the schedule item.  Moreover, such a use 
of a cover page item will result in the item becoming a part of the 
schedule and accordingly being considered as "filed" for purposes of 
Section 18 of the Securities Exchange Act or otherwise subject to the 
liabilities of that section of the Act.
     Reporting persons may comply with their cover page filing 
requirements by filing either completed copies of the blank forms 
available from the Commission, printed or typed facsimiles, or computer 
printed facsimiles, provided the documents filed have identical formats 
to the forms prescribed in the Commission's regulations and meet existing 
Securities Exchange Act rules as to such matters as clarity and size 
(Securities Exchange Act Rule 12b-12).

           SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

     Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act 
of 1934 and the rules and regulations thereunder, the Commission is 
authorized to solicit the information required to be supplied by this 
schedule by certain security holders of certain issuers.
     Disclosure of the information specified in this schedule is 
mandatory, except for Social Security or I.R.S. identification numbers, 
disclosure of which is voluntary.  The information will be used for the 
primary purpose of determining and disclosing the holdings of certain 
beneficial owners certain equity securities.  This statement will be made 
a matter of public record.  Therefore, any information given will be 
available for inspection by any member of the public.
     Because of the public nature of the information, the Commission can 
utilize it for a variety of purposes, including referral to other 
governmental authorities or securities self-regulatory organizations for 
investigatory purposes or in connection with litigation involving the 
Federal securities laws or other civil, criminal or regulatory statutes 
or provisions.  Social Security or I.R.S. Identification numbers, if 
furnished, will assist the Commission in identifying security holders 
and, therefore, in promptly processing statements of beneficial ownership 
of securities.

     Failure to disclose the information requested by this schedule, 
except for Social Security or I.R.S. identification numbers, may result 
in civil or criminal action against the persons involved for violation of 
the Federal securities laws and rules promulgated thereunder.

                           GENERAL INSTRUCTIONS

A.   Statements containing the information required by this schedule     
     shall be filed not later that February 14 following the calendar    
     year covered by the statement or within the time specified in Rule  
     13d-1 (b) (2), if applicable.

B.   Information contained in a form which is required to be filed by    
     rules under Section 13(f)  (15 U.S.C.  78m(f) )  for the same       
     calendar year as that covered by a statement on this schedule may be 
     incorporated by reference in response to any of the items of this   
     schedule.  If such information is incorporated by reference in this 
     schedule, copies of the relevant pages of such form shall be filed  
     as an exhibit to this schedule.

C.   The item numbers and captions of the items shall be included but the 
     text of the items is to be omitted.  The answers to the items shall 
     be so prepared as to indicate clearly the coverage of the items     
     without referring to the text of the items.  Answer every item.  If 
     an item is in application or the answer is in the negative, so      
     state.


Item 1
     a.   Name of Issuer

     b.   Address of Issuer's Principal Executive Offices

Item 2
     a.   Name of Person Filing
     b.   Address of Principal Business Office or, if none , Residence
                                   -4-
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<PAGE>
     c.   Citizenship
     d.   Title of Class of Securities
     e.   CUSIP Number

Item 3    If this statement is filed pursuant to Rule 13d-1 (b) , or     
          13d-2(b), check whether the person filing is at:
     a.  ________   Broker or Dealer registered under Section 15
                    of the Act
     b.  ___X____   Bank is defined in section 3(a) (6) of the Act
     c.  ________   Insurance Company as defined in section 3 (a) 
                    (19) of the Act
     d.  ________   Investment Company registered under section 8 
                    of the Investment Company Act
     e.  ________   Investment Adviser registered under section 203
                    of the Investment Advisers Act of 1940
     f.  ________   Employee Benefit Plan, Pension Fund which is 
                    subject to the provisions of the Employee 
                    Retirement Income Security Act of 1974 or 
                    Endowment Fund; see (S) 240.13d-1 (b) (1) (ii) (F)
     g.  ________   Parent Holding Company, in accordance with (S) 
                    240.13d-1(b)(ii)(G) (Note: see item 7)
     h.  ________   Group, in accordance with (S)240.13d-1(b)(1)(ii)(H)

Item 4    Ownership
          If the percent of the class owned, as of December 31 of the 
year covered by the statement, or as of the last day of any month 
described in Rule 13d-1(b)(2), if applicable, exceeds five percent, 
provide the following information as of that date and identify those 
shares which there is a right to acquire.

    a.    Amount Beneficially Owned
    b.    Percent of Class
    c.    Number of shares as to which such person has:
      i.    sole power to vote or to direct the vote
     ii.    shared power to vote or to direct the vote
     iii.   sole power to dispose or to direct the disposition of
     iv.    shared power to dispose or to direct the dispositions of 

Instructions:  For computations regarding securities which represent a   
               right to acquire an underlying security see 
               Rule13d-3(d)(1).

Item 5    Ownership of Five Percent of Less of a Class
          If this statement is being filed to report the fact that as of 
the date hereof the reporting person has ceased to be the beneficial 
owner of more than five percent of the class of securities, check the 
following  ___________.

Instruction: Dissolution of a group requires a response to this item.

Item 6    Ownership of More than Five Percent on Behalf of Another       
          Person.
          If any person is known to have the right to receive or the 
power to direct the receipt of dividends from, or the proceeds from the 
sale of, such securities, a statement to that effect should be included 
in response to this item and, if such interest relates to more than five 
percent of the class, such person should be identified.  A listing of the 
shareholders of an investment company registered under the Investment 
Company Act of 1940 or the beneficiaries of employee benefit plan, 
pension fund or endowment fund is not required.

Item 7    Identification and Classification of the Subsidiary Which      
          Acquired the Security Being Reported on by the Parent Holding  
          Company
          If a parent holding company has filed this schedule, pursuant 
to Rule 13d-1(b)(ii)(G), so Indicate under Item 3(g) and attach an 
exhibit stating the identity and the Item 3 classification of the 
relevant subsidiary.  If a parent holding company had filed this schedule 
pursuant to Rule 13d-1 (c), attach an exhibit stating the identification 
of the relevant subsidiary.

Item 8    Identification and Classification of Members of the Group
          If a group has filed this schedule pursuant to Rule 13d-
1(b)(ii)(H), so indicate under Item 3(h) and attach an exhibit stating 
the identity and Item 3 classification of each member of the group.  If a 
group has filed this schedule pursuant to Rule 13d-1(c), attach an 
exhibit stating the identity of each member of the group.

                                   -5-
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<PAGE>
Item 9    Notice of Dissolution of Group
          Notice of dissolution of a group may be furnished as an exhibit 
stating the date of the dissolution and that all further filings with 
respect to transactions in the security reported on will be filed, if 
required, by members of the group, in their individual capacity.   See 
Item 5.

Item 10   Certification
          The following certification shall be included if the statement 
          is filed pursuant to Rule 13d-1(b):

          By signing below I certify that, to the best of my knowledge 
and belief, the securities referred to above were acquired in the 
ordinary course of business and were not acquired for the purpose of and 
do not have the effect of changing or influencing the control of the 
issuer of such securities and were not acquired in connection with or as 
a participant in any transaction having such purposes or effect.

                                SIGNATURE

          After reasonable inquiry and to the best of my knowledge and 
belief, I certify that the information set forth in this statement is 
true, complete and correct.


     FEBRUARY 14, 1995
_______________________________
            Date


  /S/ TIMOTHY M. WILLIAMS
_______________________________
          Signature

Timothy M. Williams,
Senior Vice President and Deputy
Compliance Officer                                                
_______________________________
          Name/Title

Riggs National Bank of Washington, DC
for Riggs National Corporation
                                   -6-
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