FIRST VIRGINIA BANKS INC
10-K/A, 1995-04-21
STATE COMMERCIAL BANKS
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<PAGE>
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
          
                         FORM 10-K/A Amendment No. 1

         ANNUAL REPORT PURSUANT TO  SECTION 13 OR 15(d) OF THE        
                    SECURITIES EXCHANGE ACT OF 1934         

   For the fiscal year ended          Commission file number 1-6580
       December 31, 1994

                       FIRST VIRGINIA BANKS, INC.      
         (Exact name of registrant as specified in its charter)       

           Virginia                   54-0497561
  (State or other jurisdiction of        (I.R.S. Employer Identification
   incorporation or organization)                          Number)

   6400 Arlington Boulevard
    Falls Church, Virginia                              22042-2336
(Address of principal executive offices)                      (Zip Code)   

Registrant's telephone number, including area code: 703/241-4000      

Securities registered pursuant to Section 12(b) of the Act:      

                               Name of each exchange on          
         Title of each class                      which registered         
         -------------------                  ------------------------     
    Common Stock, Par Value $1.00         New York Stock Exchange, Inc. and
                      Philadelphia Stock Exchange, Inc.          

Securities registered pursuant to Section 12(g) of the Act:      

Convertible Preferred Stock, Par Value $10.00          

   Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act 
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to
such filing requirements for the past 90 days.    Yes __X__ No_____        

   Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.  Yes _____ No __X__       

   The aggregate market value of the common stock of the registrant held by 
nonaffiliates as of February 28, 1995, was approximately $1,173,714,000. The 
registrant's voting preferred stock is not actively traded and the market
value of such stock is not readily determinable.

   On February 28, 1995, there were 34,058,880 shares of common stock 
outstanding.

The purpose of this amendment is to properly attach the Financial Data
Schedule as a separate document.<PAGE>
SIGNATURES
- ----------

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
as of April 21, 1995 on its behalf by the undersigned, thereunto duly
authorized.

                                      FIRST VIRGINIA BANKS, INC.


                                     /s/ Barry J. Fitzpatrick
                                    ___________________________________
                                    Barry J. Fitzpatrick, Chairman and 
                                    Chief Executive Officer


                                     /s/ Richard F. Bowman
                                    ___________________________________
                                    Richard F. Bowman, Senior Vice President,
                                    Treasurer and Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons as of March 22, 1995 on
behalf of the registrant and in the capacities indicated.

                  SIGNATURE                         TITLE
                  ---------                         -----

          /s/ Barry J. Fitzpatrick
         ____________________________            Chairman, Chief
           Barry J. Fitzpatrick                  Executive Officer
                                                 and Director

          /s/ Richard F. Bowman
         ____________________________            Principal Financial
           Richard F. Bowman                     and Accounting
                                                 Officer


         ____________________________            Director
           E. Cabell Brand


          /s/ Edward L. Breeden
         ____________________________            Director
           Edward L. Breeden, III


          /s/ Paul H. Geithner, Jr.
         ____________________________            Director
           Paul H. Geithner, Jr.


          /s/ L. H. Ginn
         ____________________________            Director
           L. H. Ginn, III
<PAGE>
                  SIGNATURE                         TITLE
                  ---------                         -----


          /s/ Gilbert R. Giordano
         ____________________________            Director
           Gilbert R. Giordano



         ____________________________            Director
           T. Keister Greer


          /s/ Elsie C. Gruver
         ____________________________            Director
           Elsie C. Gruver


          /s/ Edward M. Holland
         ____________________________            Director
           Edward M. Holland


          /s/ Eric C. Kendrick
         ____________________________            Director
           Eric C. Kendrick


          /s/ Thomas K. Malone, Jr.
         ____________________________            Director
           Thomas K. Malone, Jr.


          /s/ W. Lee Phillips, Jr.
         ____________________________            Director
           W. Lee Phillips, Jr.


          /s/ Josiah P. Rowe
         ____________________________            Director
           Josiah P. Rowe, III


          /s/ Richard T. Selden
         ____________________________            Director
           Richard T. Selden


          /s/ Robert H. Zalokar
         ----------------------------            Director
           Robert H. Zalokar


          /s/ Albert F. Zettlemoyer
         ____________________________            Director
           Albert F. Zettlemoyer


<TABLE> <S> <C>

<ARTICLE> 9
<CIK>                                      0000037032
<NAME>                                     FIRST VIRGINIA BANKS, INC.
<MULTIPLIER>                               1000
       
<S>                                        <C>
<PERIOD-TYPE>                              12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                         420,742
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                30,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                       2,086,030
<INVESTMENTS-MARKET>                         2,032,148
<LOANS>                                      4,997,194
<ALLOWANCE>                                     58,860
<TOTAL-ASSETS>                               7,865,382
<DEPOSITS>                                   6,815,841
<SHORT-TERM>                                   179,409
<LIABILITIES-OTHER>                             59,430
<LONG-TERM>                                      3,814
<COMMON>                                        34,050
                                0
                                        746
<OTHER-SE>                                     772,092
<TOTAL-LIABILITIES-AND-EQUITY>               7,865,382
<INTEREST-LOAN>                                378,205
<INTEREST-INVEST>                              116,957
<INTEREST-OTHER>                                 8,480
<INTEREST-TOTAL>                               503,642
<INTEREST-DEPOSIT>                             154,097
<INTEREST-EXPENSE>                               7,542
<INTEREST-INCOME-NET>                          342,003
<LOAN-LOSSES>                                    6,463
<SECURITIES-GAINS>                                 976
<EXPENSE-OTHER>                                252,459
<INCOME-PRETAX>                                167,781
<INCOME-PRE-EXTRAORDINARY>                     167,781
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   113,221
<EPS-PRIMARY>                                     3.51
<EPS-DILUTED>                                     3.50
<YIELD-ACTUAL>                                    7.72
<LOANS-NON>                                     15,286
<LOANS-PAST>                                     4,881
<LOANS-TROUBLED>                                 2,478
<LOANS-PROBLEM>                                  8,478
<ALLOWANCE-OPEN>                                50,927
<CHARGE-OFFS>                                    8,756
<RECOVERIES>                                     3,814
<ALLOWANCE-CLOSE>                               58,860
<ALLOWANCE-DOMESTIC>                            58,860
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>


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