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

                                 August 20, 2004
                Date of Report (Date of Earliest Event Reported)

                        SEQUOIA RESIDENTIAL FUNDING, INC.
  (as Depositor of Sequoia Mortgage Trust 2004-3, the Issuer of Mortgage Pass-
          Through Certificates under a Pooling and Servicing Agreement
                           dated as of March 1, 2004)

                        SEQUOIA RESIDENTIAL FUNDING, INC.
             -----------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


                                                                      
                   Delaware                           333-103634-01                      35-2170972
                   --------                           -------------                      ----------
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)


              One Belvedere Place, Suite 330, Mill Valley, CA 94941
              -------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (415) 381-1765
                                 --------------
                         (Registrant's Telephone Number,
                              Including Area Code)

                                 Not Applicable
                                 --------------
          (Former Name or Former Address, if Changed Since Last Report)



INFORMATION TO BE INCLUDED IN THE REPORT

Item 8.01.     OTHER EVENTS

               Sequoia Residential Funding, Inc. has previously registered the
               offer and sale of Mortgage Pass-Through Certificates issued by
               Sequoia Mortgage Trust 2004-3 (the "Certificates").

               The following exhibit which relates specifically to the
               Certificates is included with this Current Report:

Item 9.01(c).  Exhibits

               10.1  Monthly Payment Date Statement relating to the distribution
                     to Certificateholders, August 20, 2004.



                                    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 thereunto duly authorized.

Date: September 2, 2004

                                     SEQUOIA RESIDENTIAL FUNDING, INC.

                                     By: /s/ Harold F. Zagunis
                                         ---------------------------------------
                                         Harold F. Zagunis
                                         Chief Financial Officer and Secretary



                                  EXHIBIT INDEX



Exhibit Number                                                                      Page Number
- --------------                                                                      -----------
                                                                              
10.1            Monthly Payment Date Statement relating to the distribution to
                Certificateholders, August 20, 2004................................     5