SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
PURSUANT
TO SECTION 13 OR 15 (d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): September 15, 2008
First
Citizens BancShares, Inc.
(Exact
name of registrant as specified in its charter)
| Delaware |
0-16471 |
56-1528994 |
| (State or other
jurisdiction |
(Commission |
(IRS
Employer |
| of
incorporation) |
File
Number) |
Identification
Number) |
4300
Six Forks Road; Raleigh, North
Carolina 27609
(Address
of principal executive
offices) (Zip
Code)
Registrant's
phone number including area code: 919/716-7000
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 UCT 240.14d-2(b))
[ ] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4c))
Item
8.01. Other events.
Registrant
has received multiple inquiries from shareholders, customers of its subsidiary
banks and the media regarding impairments of investments in the Federal
National Mortgage Association (FNMA) and the Federal Home Loan Mortgage
Corporation (FHLMC).
The
Registrant’s investment in the common stock of FNMA totals $8,353 (eight
thousand three hundred fifty-three dollars), is not material to its consolidated
financial statements, and will be written off during the third quarter of
2008.
Registrant
does not own any common stock of the Federal Home Loan Mortgage
Corporation.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended,
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
First Citizens BancShares,
Inc.
(Registrant)
By: /s/ KENNETH
A. BLACK
Date: September
15,
2008 Kenneth
A. Black, Vice President