INTERVEST CORPORATION OF NEW YORK
10-Q/A, 1996-07-02
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q/A

           [ X ]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                         THE SECURITIES EXCHANGE ACT OF 1934

                         FOR THE QUARTER ENDED MARCH 31, 1996

                                       OR

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

                         FOR THE TRANSITION PERIOD FROM ________ TO ________

                                 --------------

                       Commission File Number 33-22976-NY

                        INTERVEST CORPORATION OF NEW YORK
- -------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

                 New York                                 13-3415815
    -------------------------------                  -------------------
    (State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization)                   Identification No.)

10 Rockefeller Plaza, New York, New York                 10020-1903
- -------------------------------------------------------------------------------
(Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code      (212) 757-7300
                                                   ----------------------------

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 the number of shares outstanding of each of the Registrant's classes of
Common Stock as of the latest practicable date.

         Class of Common Stock                  Outstanding at March 31, 1996
         ---------------------                  -----------------------------

             No Par Value                               31.84 Shares


<PAGE>




                                   SIGNATURES

PURSUANT to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                          INTERVEST CORPORATION OF NEW YORK
                          (Registrant)


Dated: June 27, 1996      /s/ LOWELL S. DANSKER
                          ------------------------------------------------------
                          Lowell S. Dansker, Co-Chairman, President (Principal
                          Executive Officer), Treasurer (Principal Financial
                          Officer and Principal Accounting Officer) and Director



Dated: June 27, 1996      /s/ LAWRENCE G. BERGMAN
                          ------------------------------------------------------
                          Lawrence G. Bergman, Co-Chairman, Vice President,
                          Secretary and Director


<PAGE>

Item 6.    Exhibits. The following exhibit is filed herewith:

           Exhibits 27 - Financial Data Schedule


<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
    (THIS SCHEDULE CONTAINS INFORMATION EXTRACTED FROM FORM 10-Q AT
    MARCH 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
    TO SUCH FINANCIAL STATEMENTS.)
</LEGEND>
<MULTIPLIER>                  1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-END>                                   MAR-31-1996
<CASH>                                              13,175
<SECURITIES>                                             0
<RECEIVABLES>                                       61,424
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         0
<PP&E>                                                   0
<DEPRECIATION>                                           0
<TOTAL-ASSETS>                                      79,201
<CURRENT-LIABILITIES>                                    0
<BONDS>                                             64,713
                                    0
                                              0
<COMMON>                                             2,000
<OTHER-SE>                                           7,420
<TOTAL-LIABILITY-AND-EQUITY>                        79,201
<SALES>                                                  0
<TOTAL-REVENUES>                                     2,146
<CGS>                                                    0
<TOTAL-COSTS>                                            0
<OTHER-EXPENSES>                                       157
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                   1,915
<INCOME-PRETAX>                                         74
<INCOME-TAX>                                            32
<INCOME-CONTINUING>                                      0
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                            42
<EPS-PRIMARY>                                            0
<EPS-DILUTED>                                            0
        


</TABLE>


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