SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 26, 1996
(Date of earliest event reported)
JOHN DEERE CAPITAL CORPORATION
(Exact name of registrant as specified in charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-6458
(Commission File Number)
36-2386361
(IRS Employer Identification No.)
Suite 600
First Interstate Bank Building
1 East First Street
Reno, Nevada 89501
(Address of principal executive offices and zip code)
(702)786-5527
(Registrant's telephone number, including area code)
_______________________________________
Page 1 of 4 pages.
The Exhibit Index appears at Page 4
Item 5.Other Information Events.
John Deere Capital Corporation
The following is disclosed on behalf of the company's United
States credit subsidiary, John Deere Capital Corporation, in
connection with the disclosure requirements of programs providing
for the issuance of debt securities:
John Deere Capital Corporation's net income was $31.6
million in the fourth quarter of 1996 and $134.1 million for the
entire year compared with $27.1 million and $114.1 million,
respectively, last year. Net income for the quarter and year
were favorably affected by a larger portfolio financed and
increased income from the securitization and sale of retail
notes. The average balance of credit receivables and leases
financed was 16 percent higher in the fourth quarter and 20
percent higher for the year compared with a year ago.
Credit receivable and lease acquisition volumes increased
nine percent during the fourth quarter and 18 percent for the
year compared with last year. Volumes of John Deere notes were
six percent higher in the current year, primarily due to
increased retail sales of John Deere equipment. Volumes of
retail notes, revolving charge accounts, leases and wholesale
receivables all increased in 1996 compared with last year.
Annual 1996 retail note volumes totaled $2.981 billion, a four
percent increase over 1995.
Net receivables and leases financed by John Deere Capital
Corporation were $5.536 billion at October 31, 1996 compared with
$4.838 billion one year ago. The increase resulted from credit
acquisitions exceeding collections during 1996, partially offset
by retail note sales during the same period. Net credit
receivables and leases administered, which include receivables
previously securitized and sold, totaled $6.724 billion at
October 31, 1996 compared with $6.021 billion at October 31,
1995.
Item 7.Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
(99) Press release and additional information of Deere &
Company.
Signature
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 hereto duly authorized.
JOHN DEERE CAPITAL CORPORATION
By /s/ Frank S. Cottrell
Frank S. Cottrell, Secretary
Dated: November 26, 1996
EXHIBIT INDEX
Sequential
Number and Description of Exhibit Page Number
(99) Press release and additional information of --
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated November 26, 1996, file number 1-4121).