FEDERAL AGRICULTURAL MORTGAGE CORP
SC 13G/A, 1996-05-16
FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES
Previous: PNC FUND, 497, 1996-05-16
Next: PRUDENTIAL BACHE CAPITAL RETURN FUTURES FUND L P, 8-K, 1996-05-16




<PAGE>

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION 
                            WASHINGTON, D.C. 20549       
                                                      OMB APPROVAL     
                                                     ---------------------
                                                     OMB Number: 3235-0145
                                                     Expires:  October 31, 1994
                                                     Estimated average burden
                                                     hours per response...14.90
                   
              SCHEDULE 13G

                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. 1)*

                    Federal Agricultural Mortgage Corporation
- ----------------------------------------------------------------------
                               (Name of Issuer)

                         Class B Voting Common Stock
- ----------------------------------------------------------------------
                         (Title of Class Securities)

                              313148-20-7           
                    --------------------------------
                                (CUSIP Number)

Check the following box  if a fee is  being paid with this statement  / /. (A
fee is  not required only if the filing  person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described  in Item 1; and (2) has filed no amendment subsequent
thereto  reporting beneficial  ownership  of  five percent  or  less of  such
class.) (See Rule 13d-7.)

*The remainder  of  this cover  page  shall be  filled  out for  a  reporting
person's initial filing  on this form  with respect to  the subject class  of
securities, and  for any  subsequent amendment  containing information  which
would alter the disclosures provided in a prior cover page.

The information  required in the  remainder of this  cover page shall  not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act")  or otherwise subject to the liabilities  of that section
of the Act but shall be subject to all other provisions of  the Act (however,
see the Notes).






<PAGE>
   CUSIP NO. 313148207
    
                           13G   PAGE 1  OF 3 PAGES
                                    ---   ---
    





1   NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Farm Credit Bank of Spokane
    IRS #91-6027363
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) / /
                                                                      (b) / /
3   SEC USE ONLY

4   CITIZENSHIP OR PLACE OF ORGANIZATION:  
    Federal Charter

                                          
NUMBER OF     5        SOLE VOTING POWER 
SHARES                 -0-
BENEFICIALLY  6        SHARED VOTING POWER
OWNED BY               -0-
EACH          7        SOLE DISPOSITIVE POWER
REPORTING              -0-
PERSON        8        SHARED DISPOSITIVE POWER
WITH                   -0-

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     0.00%
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  
     / /
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     0.00%
12   TYPE OF REPORTING PERSON*
     BK

                    *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>
   CUSIP NO. 313148207
    
                           13G   PAGE 2  OF 3 PAGES
                                    ---   ---
    

1     NAME OF REPORTING PERSON
      S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Farm Credit Bank of Omaha
      IRS #47-0379619

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) / /
                                                                      (b) / /
3     SEC USE ONLY

4     CITIZENSHIP OR PLACE OF ORGANIZATION:  
      Federal Charter


NUMBER OF     5        SOLE VOTING POWER
SHARES                 -0-
BENEFICIALLY  6        SHARED VOTING POWER
OWNED BY               -0-
EACH          7        SOLE DISPOSITIVE POWER
REPORTING              -0-
PERSON        8        SHARED DISPOSITIVE POWER
WITH                   -0-


9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      0.00%
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
      / /
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
      0.00%
12    TYPE OF REPORTING PERSON*
      BK

                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>
   CUSIP NO. 313148207
    
                           13G   PAGE 3  OF 3 PAGES
                                    ---   ---

1     NAME OF REPORTING PERSON
      S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      AgAmerica, FCB
      IRS #91-6027363

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) / /
                                                                        (b) / /
3     SEC USE ONLY

4     CITIZENSHIP OR PLACE OF ORGANIZATION:  
      Federal Charter

NUMBER OF     5        SOLE VOTING POWER 
SHARES                 85,774
BENEFICIALLY  6        SHARED VOTING POWER
OWNED BY               -0-
EACH          7        SOLE DISPOSITIVE POWER
REPORTING              85,774
PERSON        8        SHARED DISPOSITIVE POWER
WITH                   -0-


9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      85,774
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
      / /
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
      14.5%
12    TYPE OF REPORTING PERSON*
      BK

                  *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>

                              AMEMDMENT NO. 1 TO
                                 SCHEDULE 13G


This  Amendment No.  1  to Schedule  13G  is being  filed  by AgAmerica,  FCB
("AgAmerica") to reflect the consolidation of the Farm Credit Bank of Spokane
and the Farm Credit Bank of Omaha in accordance with Section 7.12 of the Farm
Credit Act of  1971, as amended ("Farm Credit Act").  AgAmerica was chartered
by the Farm Credit Administration in accordance with Section 1.3 of  the Farm
Credit Act effective April 1, 1994.

ITEM I.
  (a)     Federal Agricultural Mortgage Corporation
  (b)     919 18th Street, N.W.
          Washington, D.C. 20006

ITEM II.

  (a)     AgAmerica, FCB
  (b)     601 West First Avenue, P.O. Box TAF-C5
          Spokane, WA 99220-4005
  (c)     Federal Charter
  (d)     Class B Voting Common
  (e)     313148 20 7

ITEM III. IF  THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:

  (b)     /x/Bank as defined in section 3(a)(6) of the Act

ITEM IV. OWNERSHIP

  (a)     Amount Beneficially Owned - 85,774
  (b)     Percent of Class - 14.5%
  (c)     Number of shares as to which such person has:
       (i) sole power to vote or to direct the vote - 85,774
      (ii) shared power to vote or to direct the vote - -0-
     (iii) sole power to dispose or to direct the disposition of - 85,774
      (iv) shared power to dispose or to direct the disposition of -0-

ITEM V. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

     If this statement is  being filed to report the fact that as of the date
hereof the  reporting person has  ceased to be  the beneficial owner  of more
than five percent of the class of securities, check the following / /.

N/A

ITEM VI. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

N/A

ITEM VII. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY  WHICH ACQUIRED
          THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

N/A

ITEM VIII. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

N/A





<PAGE>
ITEM IX. NOTICE OF DISSOLUTION OF GROUP

N/A

ITEM X. CERTIFICATION

     The following certification shall be  included if the statement is filed
pursuant to Rule 13d-1(b):

     By signing below I certify that, to the best of my knowledge and belief,
the  securities referred  to above  were acquired  in the ordinary  course of
business and were not acquired for the purpose of and do not  have the effect
of changing or influencing the control  of the issuer of such securities  and
were not  acquired in connection with or as  a participant in any transaction
having such purposes or effect.



                                  SIGNATURE

     After reasonable inquiry and  to the best of my knowledge  and belief, I
certify that the  information set forth in  this statement is  true, complete
and correct.

Date:  April 17, 1996


                                             AgAmerica, FCB


                                             By: /s/ Vern Zander
                                                 ---------------------
                                                       Vern Zander
                                             Title:    Vice President


The original  statement shall be  signed by each  person on whose  behalf the
statement  is filed  or his authorized  representative.  If  the statement is
signed on behalf of a person by  his authorized representative (other than an
executive officer or  general partner of this filing person,  evidence of the
representative's  authority to sign  on behalf of such  person shall be filed
with  the statement,  provided, however, that  a power  of attorney  for this
purpose which is already on file  with the Commission may be incorporated  by
reference.   The name and any  title of each  person who signs  the statement
shall be typed or printed beneath his signature.

Note:  Six copies of this statement, including all exhibits, should  be filed
with the Commission.

ATTENTION:  INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission