UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13-F
FORM 13-F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number :____
This Amendment (check only one): [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: First Citizens BancShares, Inc.
239 Fayetteville Street Mall
Raleigh, North Carolina 27601
Form 13F File Number: 28-[to be assigned]
This institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is, to the best of his or
her knowledge, true, correct and complete, and that it is understood that all
required items, statements, schedules, lists, and tables are considered integral
parts of this form.
Person signing this Report on Behalf of Reporting Manager:
Name: John H. Gray
Title: Assistant Vice President
Phone: 919-716-7337
Signature, Place and Date of Signing
/s/John H. Gray Raleigh, NC August 13, 1999
[Signature] [City, State] [Date]
<PAGE>
Report Type (check only one):
[ ] 13F HOLDINGS REPORT (check here if all holdings of this reporting manager
are reported in this report)
[ ] 13F NOTICE (check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s))
[ X ] 13F COMBINATION REPORT (check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s))
List of Other Managers reporting for this Manager:
Form 13F File Number Name
28-[to be assigned] First-Citizens Bank & Trust Company
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FORM 13F SUMMARY PAGE
Report summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 11
Form 13F Information Table Value Total $19,184 (thousands)
List of Other Included Managers: NONE
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<TABLE>
<CAPTION>
ITEM 1 AND 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
MARKET SHARES INVESTMENT DISCRETION VOTING AUTHORITY
VALUE OR SOLE SHARED NONE SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (THOUSANDS) PRINCIPAL (A) (B) (C) MANAGERS (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SOUTHERN BANCSHARES (N.C.),INC.
SERIES B PREFERRED 842243107 194 172,050 X 172,050
AF BANKSHARES, INC. COMMON 001046101 450 45,000 X 45,000
CENTURY BANCORP, INC. COMMON 156433104 817 60,000 X 60,000
CAROLINA FINCORP, INC. COMMON 143874105 149 16,323 X 16,323
CAPITAL BANK CORPORATION COMMON 139793103 570 56,320 X 56,320
FIRST COMMUNITY FINANCIAL
CORPORATION COMMON 31984M106 252 15,000 X 15,000
FIRST CITIZENS BANCORPORATION,
INC. COMMON 319460101 10,813 508,118 X 508,118
FIRST WESTERN BANK COMMON 337498109 162 20,243 X 20,243
GASTON FEDERAL BANCORP, INC. COMMON 367304102 71 5,591 X 5,591
GREEN STREET FINANCIAL CORP COMMON 393415104 2,237 194,500 X 194,500
PIEDMONT BANCORP INC. COMMON 720104108 1,048 129,000 X 129,000
SOUTH STREET FINANCIAL CORP COMMON 840468102 722 105,000 X 105,000
STONE STREET BANCORP INC. COMMON 861747103 1,699 86,000 X 86,000
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COLUMN TOTALS 19,184
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</TABLE>
