UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q (Mark One) [X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 	ACT OF 1934 For the quarterly period ended June 30, 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:	33-28491 THE MORTGAGE BANCFUND OF AMERICA II, L.P., a California Limited Partnership (Exact Name of Registrant as Specified in its Charter) 					California										33-0369995 State or other jurisdiction of incorporation				 	IRS Employer Identification number 2 Corporate Park, Ste. 106, Irvine, CA 92714 Address of Principal Executive Offices(Zip code) (714) 253-2900 Registrant's Telephone Number, including Area Code N/A Former name, former address and former fiscal year, if changed since last report 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 reports), and (2) has been subject to such filing requirements for the past 90 days. YES X								NO_______ APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: 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 subsequent to the distribution of securities under a plan confirmed by a court. N/A YES 								NO_______ APPLICABLE ONLY CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. N/A MORTGAGE BANCFUND OF AMERICA II, L.P. (a California Limited Partnership) Index to Form 10-Q June 30, 1996 Part I - Financial Information Item 1 - Financial Statements Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations Part II - Other Information Item 1 - Legal Proceedings Item 2 - Changes in Securities Item 3 - Defaults Upon Senior Securities Item 4 - Submission of Matters to a Vote of Security Holders Item 5 - Other Information Item 6 - Exhibits and Reports on Form 8-K Signatures MORTGAGE BANCFUND OF AMERICA II, L.P. (a California Limited Partnership) Part I - Financial Information Item 1 - Financial Statements Balance Sheets Income Statements Statements of Partner's Equity Statements of Cash Flow Notes to Financial Statements 	See attached exhibit MORTGAGE BANCFUND OF AMERICA II, L.P. (a California Limited Partnership) Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources: Liquidity for the Partnership remains a pressing concern for management. All cash needed for operations is being generated through operations of foreclosed properties and from the sale of those properties. Management has no plans to seek additional sources of capital from outside sources either in the form of debt or equity. However, management is confident cash being generated internally is sufficient to operate the Partnership in the near future. The capital accounts remain substantially unchanged since the year end December 31, 1995 at $8.04 per limited partnership unit outstanding, an overall decline in book value of almost 92% since inception of the Partnership. Results of Operations: There are no substantial changes in any of the accounts since December 31, 1995. Operations are very limited as management is seeking to market the foreclosed real estate and to collect the remaining loans on the Partnership books. Management will continue to strive to effectively sell foreclosed properties although the sagging California economy