FIRST REPUBLIC CORP OF AMERICA
10-Q/A, 1995-02-07
TEXTILE MILL PRODUCTS
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                   SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.  20549

                               FORM 10-Q/A



               QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
                 OF THE SECURITIES EXCHANGE ACT OF 1934



For Quarter ended September 30, 1994  Commission File Number 0-1437        


                THE FIRST REPUBLIC CORPORATION OF AMERICA                   
       (Exact name of registrant as specified in its charter)


DELAWARE                                                  13-1938454           
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification No.)


302 Fifth Avenue, New York, N.Y.                            10001              
(Address of principal executive office)               (Zip Code) Registrant's
telephone number, including area code (212) 279-6100
 
                                                                           
Former name, former address and former fiscal year, if changed since last
report:



Indicate by checkmark whether the registrant (1) has filed all reports
required to be filed by Sections 13 and 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months and (2) has been subject to such
filing requirements for the past 90 days:
                                                       Yes  X          No    



As of November 11, 1994 there were 674,107 shares of common stock
outstanding.             

<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
The First Republic Corporation of America
            and Subsidiaries
          Article 5 FDS - 10Q
At September 30, 1994 and for the three months then ended
           September 30, 1994
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                             929
<SECURITIES>                                         0
<RECEIVABLES>                                    7,302
<ALLOWANCES>                                       153
<INVENTORY>                                      4,878
<CURRENT-ASSETS>                                15,373
<PP&E>                                          71,578
<DEPRECIATION>                                  30,747
<TOTAL-ASSETS>                                  83,116
<CURRENT-LIABILITIES>                           12,122
<BONDS>                                         23,611
<COMMON>                                         1,175
                                0
                                          0
<OTHER-SE>                                      41,584
<TOTAL-LIABILITY-AND-EQUITY>                    83,116
<SALES>                                          5,909
<TOTAL-REVENUES>                                11,615
<CGS>                                            4,616
<TOTAL-COSTS>                                    5,585
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 701
<INCOME-PRETAX>                                    713
<INCOME-TAX>                                       217
<INCOME-CONTINUING>                                496
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       496
<EPS-PRIMARY>                                      .74
<EPS-DILUTED>                                      .74
        

</TABLE>


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