SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 18, 1998
(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)
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(Former name or former address, if changed since last report.)
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
credit subsidiary, John Deere Capital Corporation, in
connection with the disclosure requirements applicable to its
periodic issuance of debt securities in the public market:
John Deere Capital Corporation's net income was $39.9
million in the third quarter and $103.4 million for the first
nine months of 1998, compared with $37.8 million and $96.5
million for the same periods last year. The third quarter and
year-to-date results benefited from higher income on a larger
average receivable and lease portfolio, partially offset by
higher operating costs and narrower financing spreads. In
addition, the year-to-date results benefited from higher gains
on the sale of retail notes.
Net receivables and leases financed by John Deere Capital
Corporation were $6.952 billion at July 31,1998, compared with
$6.214 billion one year ago. The increase resulted from
acquisitions exceeding collections during the last 12 months,
partially offset by sales of retail notes. Receivable and lease
acquisition volumes during the first nine months increased 18
percent compared with the same period last year. Net
receivables and leases administered, which include receivables
previously sold, totaled $8.381 billion at July 31, 1998,
compared with $7.254 billion at July 31, 1997.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(99) Press release and additional information
of Deere & Company.
Page 2
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
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Frank S. Cottrell, Secretary
Dated: August 18, 1998
Page 3
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 August 18, 1998, file number 1-4121).
Page 4