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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F 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: Reliance Financial Services Corporation
Address: 55 East 52nd Street
New York, NY 10055
Form 13F File Number: 28-161
The 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 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: Robert M. Steinberg
Title: President and Chief Operating Officer
Phone: 212-909-1100
Signature, Place, and Date of Signing: /s/ Robert M. Steinberg
New York, New York
July 28, 1999
NOTE: While the instructions for Column 6 of the Information Table
indicate the answer must be "DEFINED" due to a parent-subsidiary
relationship, each entity is responsible for its own investment policy
and exercises independent management discretion.
Report Type (Check only one.):
[x] 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).)
[ ] 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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 26
Form 13F Information Table Value Total (thousands): $1,127,730
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Form 13F
No. File Number Name
- --- ----------- ---------------------------
1. 28-160 Reliance Insurance Company
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Form 13F INFORMATION TABLE
Report for the Calendar Quarter Ended June 30, 1999
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<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ ----------------- ------------ --------- --------------------- ---------- ----------- ------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ ----------------- ------------ --------- ---------- ----- ---- ---------- ----------- ---- ------ -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARMCO INC PFD CVA $3.625 042170407 19,598 390,000 SH DEFINED 1 X
CENTOCOR INC COM 152342101 37,794 810,600 SH DEFINED 1 X
CENTOCOR INC COM 152342101 438 9,400 SH DEFINED X
CYPRESS SEMICONDUCTOR
CORP SUB NT CV 144A02 232806AB5 10,931 11,000,000 PRN DEFINED 1 X
EMONS TRANSN GRP INC COM 291575108 639 255,567 SH DEFINED 1 X
GENTA INC COM NEW 37245M207 2,715 1,059,603 SH DEFINED 1 X
HEARTPORT INC SB NT CV 144A 04 421969AA4 15,935 31,870,000 PRN DEFINED 1 X
HEARTPORT INC SB NT CV 7.25%04 421969AC0 2,133 4,265,000 PRN DEFINED 1 X
INDIVIDUAL INV GROUP
INC COM 455907105 3,833 666,666 SH DEFINED 1 X
ISIS PHARMACEUTICALS
INC COM 464330109 6,199 608,500 SH DEFINED 1 X
ISIS PHARMACEUTICALS
INC COM 464330109 102 10,000 SH DEFINED X
LANDAMERICA FINL GROUP
INC COM 514936103 116,135 4,039,473 SH DEFINED 1 X
MORGAN J P & CO INC COM 616880100 80,113 570,200 SH DEFINED 1 X
MORGAN J P & CO INC COM 616880100 309 2,200 SH DEFINED X
NATIONAL SEMICONDUCTOR
CORP SB NT CV 6.5%02 637640AB9 20,273 21,200,000 PRN DEFINED 1 X
OCCIDENTAL PETE CORP DEL PFD CV $3 CXY 674599790 75,986 1,311,500 SH DEFINED 1 X
OCCIDENTAL PETE CORP DEL PFD CV $3 CXY 674599790 956 16,500 SH DEFINED X
RELIANCE GROUP HOLDINGS
INC COM 759464100 25,717 3,457,738 SH DEFINED 1 X
RELIANCE GROUP HOLDINGS
INC COM 759464100 1,360 182,900 SH DEFINED X
SCHLUMBERGER LTD COM 806857108 1,669 26,200 SH DEFINED 1 X
SCHLUMBERGER LTD COM 806857108 318 5,000 SH DEFINED X
SEMPRA ENERGY COM 816851109 39,119 1,729,000 SH DEFINED 1 X
STREAMLINE COM INC COM 863239109 20,943 2,597,615 SH DEFINED 1 X
SUNBEAM CORP SRSDCV ZR0144A18 867071AA0 37,247 219,100,000 PRN DEFINED 1 X
SYMBOL TECHNOLOGIES INC COM 871508107 445,372 12,077,888 SH DEFINED 1 X
ZENITH NATL INS CORP COM 989390109 161,896 6,574,445 SH DEFINED 1 X
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