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UNITED STATES
                                       SECURITIES AND EXCHANGE COMMISSION
                                           WASHINGTON, D.C. 20549

FORM 10-K

(Mark One)

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
[X]                                                                                    SECURITIES EXCHANGE ACT OF 1934                                                                               
                                 For the fiscal year ended December 31, 2001
                                                     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 0-9756

RIGGS NATIONAL CORPORATION(Exact name of registrant as specified in its charter)

Delaware                                           52-1217953
(State or other jurisdiction of                         (I.R.S. Employer          
incorporation or organization)                         Identification No.)

1503 Pennsylvania Avenue, N.W., Washington, D.C.                   20005
          (Address of principal executive offices)                            (Zip Code)

(202) 835-4309
                            (Registrant's telephone number, including area code)

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class             Name of each exchange on which registered
                                None                                                            None

Securities Registered Pursuant to Section 12(g) of the Act:

Title of Each Class             Name of each exchange on which registered
                       Common Stock, par value                        The NASDAQ Stock Market             
                           $2.50 per share

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 shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes X. No. _.

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation
      S-K is not contained  herein, and will not be contained, to the best of registrant's knowledge,
      in definitive proxy or information statements  incorporated by reference in Part III of this Form
      10-K or any amendments to this Form 10-K. [ ]

The
aggregate market value of the Corporations voting stock held by
non-affiliates of the registrant as of February 28,  2002, was $265,939,617.

The number of shares outstanding of the registrant's common stock, as of February 28, 2002 was
      28,505,650.

DOCUMENTS INCORPORATED BY REFERENCE

Portions
of Riggs National Corporations definitive Proxy Statement dated March 19,
2002 to Shareholders are   incorporated by reference into Part III of this Form
10-K. Portions of Riggs National Corporations 2001 Annual Report   to
Shareholders mailed with such Proxy Statement are incorporated by reference into
Parts I and II of this Form 10-K.   With the exception of the portions of the
Proxy Statement and Annual Report specifically incorporated herein by   reference,
the Proxy Statement and Annual Report are not deemed to be filed as part of this
Form 10-K.

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#### FORM
   10-K INDEX

`PART I                                  Page(s)

Item 1--Business                                                                             3
Item 2--Properties                                                                           5
Item 3--Legal Proceedings                                                                    5
Item 4--Submission of Matters to a Vote of Security Holders                                  5


                                                  PART II

Item 5--Market for Registrant's Common Equity
            and Related Shareholder Matters                                                  6
Item 6--Selected Consolidated Financial Data                                                 6
Item 7--Management's Discussion and Analysis of Financial Condition
            and Results of Operations                                                        6
Item 7A--Quantitative & Qualitative Disclosures about Market Risk                            6
Item 8--Financial Statements and Supplementary Data                                          6
Item 9--Changes in and Disagreements with Accountants on Accounting
            and Financial Disclosure                                                         6


                                                  PART III

Item 10--Directors and Executive Officers of the Registrant                                  6
Item 11--Executive Compensation                                                              8
Item 12--Security Ownership of Certain Beneficial Owners and Management                      8
Item 13--Certain Relationships and Related Transactions                                      8


                                                  PART IV

Item 14--Exhibits, Financial Statement Schedules, and Reports on Form 8-K                    8`

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#### PART I

ITEM 1.

BUSINESS

Riggs National Corporation
Riggs National Corporation
(our company) is a bank holding company registered under the Bank
Holding Company Act of 1956, as amended (the BHCA), and incorporated
in the State of Delaware. Founded in 1980, we engage in a variety of
banking-related activities through our bank and non-bank subsidiaries. We
currently have banking operations or separate subsidiaries in the Washington,
D.C. metropolitan area; New Haven, Connecticut; Miami, Florida; London, England;
Berlin, Germany; Jersey, Channel Islands and Nassau, Bahamas. Additionally, we
provide investment advisory services domestically through subsidiaries
registered under the Investment Advisers Act of 1940. A subsidiary located in
the Bahamas provides trust and corporate services, as well as traditional
banking services. At December 31, 2001, we and our subsidiaries had 1,613
full-time equivalent employees.

We have six reportable
business segments providing diverse products and services within the financial
services industry. Our segments are Banking, International Banking, Riggs &
Company, Treasury, Riggs Capital Partners (venture capital) and Other, and are
described on page 63 of our 2001 Annual Report, which is incorporated herein by
reference.

Key elements of our
business strategy for our subsidiaries are to continue to focus on growth
opportunities through the additional accumulation of assets under management in
our financial services division (Riggs & Co.), the orientation of our retail
banking branches toward money management relationships, the development and
specialization in relationship banking of banking products and services in
specific growth industries, the continued preeminence in the embassy banking
operations coupled with growth in the international private banking business
lines, and limited venture capital investment in high-tech and other growth
companies in the Mid-Atlantic region. As a complement to internally developed
programs, we may pursue possible alliances or acquisitions that further our
strategic goals. In addition to pursuing our strategic goals, we will continue
to serve the varied financial needs of the Washington, D.C. metropolitan area
and to meet our commitments under the Community Reinvestment Act.

Riggs Bank National Association
Our principal subsidiary is
Riggs Bank N.A., a national banking association founded in 1836 and incorporated
under the national banking laws of the United States in 1896. Riggs Bank N.A.
had assets of $5.8 billion, deposits of $4.5 billion, and stockholders
equity of $447.1 million at December 31, 2001.

Riggs Bank N.A. operates 30
branches and an investment advisory subsidiary in Washington, D.C.; 14 branches
in Virginia; six branches in Maryland; a second investment advisory subsidiary
in New Haven, Connecticut; a commercial bank in London, England; an Edge Act
(federally-chartered corporation allowed to engage only in international banking
or other financial transactions related to international business) subsidiary in
Miami, Florida; branch offices in London, England, Berlin, Germany, Jersey,
Channel Islands and Nassau, Bahamas and a Bahamian bank and trust company.

As a  commercial  bank,  Riggs Bank N.A.  provides a wide array of  financial  services to  customers  in the
Washington, D.C. metropolitan area, throughout the United States and internationally.

Riggs Bank N.A.s
Corporate and Commercial Banking Groups provide services to customers ranging
from small regional businesses to major multinational companies and non-profit
groups. These services include lines of credit, secured and unsecured term
loans, letters of credit, credit support facilities, foreign currency
transactions, cash management and investment banking.

Riggs Bank N.A.s
wealth management division, Riggs & Co., provides fiduciary and
administrative services, including financial management and tax planning for
individuals, investment and accounting services for governmental, corporate and
non-profit organizations, estate planning and trust administration.

Riggs Bank N.A.  provides  investment  advisory  services  through Riggs  Investment  Management  Corporation
("RIMCO") and J. Bush & Co. Incorporated,  both of which are wholly-owned subsidiaries incorporated under the
laws of Delaware and registered under the Investment Advisers Act of 1940.

Riggs Bank N.A.s
Retail Banking Group provides a variety of services including checking, NOW,
savings and money market accounts, loans and personal lines of credit,
certificates of deposit and individual retirement accounts, and investment
sales. Additionally, the Retail Banking Group provides 24-hour banking services
through its telebanking operations and a network of Riggs Bank N.A.s 136
automated teller machines (ATMs) as well as national and regional
ATM networks.

Riggs Bank N.A.s
International Banking Group furnishes a variety of financial services, including
issuing letters of credit in connection with trade and other transactions,
taking deposits, foreign exchange, private banking and cash management.
Customers include embassies and foreign missions in Washington, D.C., foreign
governments, central banks, and correspondent banks around the world. These
services are provided through both domestic and international offices.

Additional international operations of Riggs Bank N.A. include:

| | Riggs Bank Europe Limited (RBEL), located in London, England,
providing traditional corporate banking services, commercial property financing
and trade finance. RBELs main office is located in the City of London. It
also has a branch in Berlin, Germany.
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Riggs & Company International, located in London, England providing
portfolio management to international customers;
|- | --------------------------------------------------------------------------------------------------------------------

| | Riggs Bank N.A. London Branch, which has four locations in London, providing
banking services to Embassy and private banking clients;
|- | -------------------------------------------------------------------------------------------------------------------------------------

| | Riggs Bank and Trust Company (Channel Islands) Ltd.,  located in Jersey in the Channel Islands,  providing
  offshore banking and trust services to international clients;
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The Riggs Bank and Trust Company (Bahamas) Limited, in Nassau, providing trust
services for international private banking customers.
|- | ------------------------------------------------------------------------------------------------------------------------------------

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Riggs Capital
Riggs Capital, one of our
wholly-owned subsidiaries, issued 150,000 shares of 8.625% Trust Preferred
Securities, Series A, with a liquidation preference of $1,000 per share, in
December 1996. The Trust Preferred Securities, Series A qualify as Tier I
Capital with certain limitations, see Notes to Consolidated Financial
Statements-Note 10 and Note 11 on pages 4951, of our 2001 Annual
Report, which is incorporated herein by reference.

Riggs Capital II, one of
our wholly-owned subsidiaries, issued 200,000 shares of 8.875% Trust Preferred
Securities, Series C, with a liquidation preference of $1,000 per share, in
March 1997. The Trust Preferred Securities, Series C qualify as Tier I Capital
with certain limitations, see Notes to Consolidated Financial
Statements-Note 10 and Note 11 on pages 4951, of our 2001 Annual
Report, which is incorporated herein by reference.

Riggs Capital Partners
Riggs Capital Partners LLC
(RCP) and Riggs Capital Partners II (RCP II), our
venture capital subsidiaries, specialize in equity investments typically in
privately-held high-tech and growth companies. As of December 31, 2001, the fair
value of combined venture capital investments of RCP and RCP II totaled $56.3
million.

Supervision and Regulation
Our company and Riggs Bank
N.A. are subject to the supervision of and regulation by the Board of Governors
of the Federal Reserve System (the Federal Reserve Board). Our
national banking subsidiaries and certain of their subsidiaries are subject to
the supervision of and regulation by the Office of the Comptroller of the
Currency (the OCC). Other federal, state and foreign laws govern
many aspects of the businesses of our company and our subsidiaries.

Under the BHCA, bank
holding companies may not directly or indirectly acquire the ownership or
control of five percent or more of the voting shares or substantially all of the
assets of any company, including a bank, without the prior approval of the
Federal Reserve Board. The BHCA also restricts the types of businesses and
activities in which a bank holding company and its subsidiaries may engage.
Generally, activities are limited to banking and activities found by the Federal
Reserve Board to be so closely related to banking as to be a proper incident
thereto.

We are required to maintain
minimum levels of qualifying capital under Federal Reserve Board risk-based
capital guidelines. For full discussion of these guidelines, see
Managements Discussion and AnalysisCapital Resources and
Notes to Consolidated Financial Statements-Note 10.

Under Federal Deposit
Insurance Corporation (FDIC) regulations, the assessment rate for an
insured depository institution varies according to the level of risk incurred in
its activities. An institutions risk category is based partly upon whether
the institution is assigned to one of the following supervisory
subgroups: healthy, supervisory concern, or
substantial supervisory concern.

The OCC must take
prompt corrective action in respect of depository institutions that
do not meet minimum capital requirements. The OCC has established levels at
which an insured institution would be considered well
capitalized,adequately capitalized,
undercapitalized, significantly undercapitalized, and
critically undercapitalized.

Riggs Bank N.A. exceeds
current minimum regulatory capital requirements and qualifies as well
capitalized. Additional information concerning our capital adequacy can be
found on pages 49 and 50 of our 2001 Annual Report, which is incorporated herein
by reference.

A depository institution
may not make any capital distribution (including payment of a dividend) or pay
any management fee to its holding company if the depository institution would
thereafter be undercapitalized. Undercapitalized depository institutions are
subject to increased regulatory monitoring and growth limitations and are
required to submit capital restoration plans.

The Riegle-Neal Interstate
Banking and Branching Efficiency Act of 1994 (the Interstate Act)
authorizes interstate acquisitions of banks and bank holding companies without
geographic limitation. In addition, beginning June 1, 1997, the Interstate Act
authorized a bank to merge with a bank in another state as long as neither of
the states had opted out of interstate branching between the date of enactment
of the Interstate Act and May 31, 1997. A bank may establish and operate a de
novo branch in a state in which the bank does not maintain a branch if that
state expressly permits de novo branching. Once a bank has established branches
in a state through an interstate merger transaction, the bank may establish and
acquire additional branches at any location in the state where any bank involved
in the interstate merger transaction could have established or acquired branches
under applicable federal or state law. A bank that has established a branch in a
state through de novo branching may establish and acquire additional branches in
such state in the same manner and to the same extent as a bank having a branch
in such state as a result of an interstate merger. If a state opts out of
interstate branching within the specified time period, no bank in any other
state may establish a branch in the opting out state, whether through an
acquisition or de novo.

There are legal
restrictions on the extent to which we and our non-bank subsidiaries may borrow
or otherwise obtain credit from Riggs Bank N.A. Subject to certain limited
exceptions, a bank subsidiary may not extend credit to us or to any other
affiliate (as defined) in an amount which exceeds 10% of our capital stock and
surplus and may not extend credit in the aggregate to such affiliates in an
amount which exceeds 20% of its capital stock and surplus. Further, there are
legal requirements as to the type, amount and quality of collateral which must
secure such extensions of credit by each bank subsidiary to us or to other
affiliates. Finally, extensions of credit and other transactions between a bank
subsidiary and our company or other affiliates must be on terms and under
circumstances, including credit standards, that are substantially the same or at
least as favorable to such a bank subsidiary as those prevailing at the time for
comparable transactions with non-affiliated companies.

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Under Federal Reserve Board
policy, bank holding companies are expected to act as a source of financial
strength to their subsidiary banks and to commit resources to support such banks
in circumstances where a bank holding company might not do so absent such
policy. In addition, any capital loans by a bank holding company to any of its
subsidiary banks are subordinate in right of payment to deposits and to certain
other indebtedness of such subsidiary bank. In the event of a bank holding
companys bankruptcy, any commitment by the bank holding company to a
federal bank regulatory agency to maintain the capital of a subsidiary bank will
be assumed by the bankruptcy trustee and entitled to a priority of payment.

The Bank Secrecy Act of
1970 was designed to deter money laundering and the use of secret foreign bank
accounts, establish regulatory reporting standards for currency transactions,
and improve detection and investigation of criminal, tax, and regulatory
violations. It and subsequent laws and regulations require the Bank to take
steps to prevent the use of the Bank or its systems to facilitate the flow of
illicit money. Those steps include ensuring effective Board and Management
oversight, the establishment of sound policies and procedures, developing
effective monitoring and reporting capabilities, ensuring adequate training, and
establishing a comprehensive internal audit of BSA compliance activities.

In recent years, Federal
regulators have increased the attention paid to compliance with the provisions
of the Bank Secrecy Act and related laws, with particular attention paid to
Know Your Customer practices, which are now known as Enhanced Due
Diligence. Banks have been encouraged, by both regulators and by various
industry groups, to enhance their identification procedures prior to accepting
new customers in order to deter criminal elements from using the banking system
to move and hide their illicit profits.

On October 26, 2001, the
President signed into law the USA Patriot Act of 2001 that increases certain
responsibilities for banks to, among other things, enhance its due diligence in
monitoring accounts to curtail terrorist activities. The USA Patriot Act also
applies BSA procedures to broker dealers.

The Bank is also
responsible for compliance with restrictions from the US Treasurys Office
of Foreign Assets Control (OFAC). Accordingly, our Bank restricts transactions
with certain countries except as permitted by OFAC or in accordance with a
license from OFAC.

The Graham-Leach-Bliley Act
of 1999 (GLB) requires banks and other broadly defined financial institutions to
take certain measures to protect the private financial information of their
customers. These measures fall generally into two categories:ensuring the
physical and logical safeguards of information housed on bank-owned systems and
ensuring that only appropriate information is shared with third parties.
GLB makes a distinction between information that is shared to allow a third party
servicer to perform its contractually specified duties and information that is
shared for other purposes such as marketing.

Banks and other financial
institutions must disclose their policies on sharing customer information with
third parties, and also disclose the nature of the firms with whom they share
this data. Further, banks must allow customers the ability to choose not to have
their information disclosed to any third parties other than those that perform
services for the bank.

Our subsidiaries face
substantial competition in their operations from banking and nonbanking
institutions, including savings and loan associations, credit unions, money
market funds and other investment vehicles, mutual fund advisory companies,
brokerage firms, insurance companies, mortgage banking companies, finance
companies and other types of financial services providers.

Restructuring Costs
As described on pages 13
and 42 to 43 of our 2001 Annual Report, the Company recorded restructuring
charges in 2001 in anticipation of various operational restructurings. A summary
of restructuring costs is as follows (in thousands):

|Description           | Balance at Beginning of Period | Amount Charged to Expense | Deductions | Balance at End of Period
|--------------------- | ------------------------------ | ------------------------- | ---------- | ------------------------
|Restructuring Expense | $0                             | $4,327                    | $1,607     | $2,720                  

ITEM 2.

PROPERTIESWe own properties located
in Washington, D.C., which house our executive offices, 14 of our branches, and
certain operational units of Riggs Bank N.A. We also own an office building in
Maryland, where additional operational units of Riggs Bank N.A. are located.
Further, we own an office building in London, England, and lease various
properties in Washington, D.C.; London, England; Berlin, Germany; Jersey,
Channel Islands; Miami, Florida; New Haven, Connecticut; northern Virginia and
Maryland. Additional information concerning our facilities can be found on page
12 of our 2001 Annual Report, which information is incorporated herein by
reference.

ITEM 3.

LEGAL PROCEEDINGSIncorporated by reference to page 49 of our 2001 Annual Report.

ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF
SECURITY HOLDERSNo matters were submitted
to security holders for vote during the fourth quarter of 2001.

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#### PART II

ITEM 5.

MARKET FOR REGISTRANT'S COMMON EQUITY AND
RELATED SHAREHOLDER MATTERSThe common stock of Riggs National
Corporation is traded on The Nasdaq Stock Market under the
symbol:RIGS.

A history of the Corporations stock prices and
dividends is incorporated by reference to page 71 of our 2001 Annual Report.

As of February 28, 2002, there were 1,979 shareholders of record.

ITEM 6.

SELECTED CONSOLIDATED FINANCIAL DATAIncorporated by reference to page 12 of our 2001 Annual Report.

ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONSIncorporated by reference to pages 12-33 of our 2001 Annual Report.

ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET 
RISKIncorporated by reference to pages 20-21 and 33 of our 2001 Annual Report.

ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAIncorporated by reference to pages 34-72 of our 2001 Annual Report.

ITEM 9.

CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURESInformation regarding a
change in accountants was previously reported in a current report on Form 8-K
dated as of March 12, 2002.

#### PART III

ITEM 10.

DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTThe information required by
this Item pertaining to directors of our company who are standing for reelection
this year is included in our proxy statement for our 2002 Annual Meeting of
Shareholders (the 2002 Proxy Statement), which is incorporated by
reference. The information required by this Item pertaining to executive
officers of our company is as follows:

|Executive Officer*   | Position                                                                                                                                                                             | Age
|-------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---
|Robert L. Allbritton | Chairman of the Board and Chief Executive Officer of the Corporation since 2001,Chairman of the Board of Riggs Bank N.A. since 2001                                                  | 32 
|Timothy C. Coughlin  | President of the Corporation since 1992                                                                                                                                              | 59 
|Joseph M. Cahill     | General Counsel of the Corporation since 2000 and Executive Vice President and General Counsel of Riggs Bank N.A. since 2001                                                         | 48 
|William A. Craig     | Executive Vice President of Riggs Bank N.A. Human Resources since 2000                                                                                                               | 59 
|Stanley M. Dore, III | Senior Vice President of Riggs Bank N.A., Risk Management since 2000                                                                                                                 | 40 
|Henry A. Dudley, Jr. | Executive Vice President and Chief Trust Officer of Riggs Bank N.A. since 1994 and President of Riggs & Co. since 2001                                                               | 55 
|Jeffrey T. Glynn     | Executive Vice President of Riggs Bank N.A. Community Banking since 2000                                                                                                             | 43 
|Lawrence I. Hebert   | President and Chief Executive Officer of Riggs Bank N.A. since 2001                                                                                                                  | 55 
|Mark N. Hendrix      | Executive Vice President of Riggs Bank N.A. Marketing since 1998                                                                                                                     | 42 
|Shaun V. Kelley      | Executive Vice President and Chief Credit Officer of Riggs Bank N.A. since 2001                                                                                                      | 48 
|Raymond M. Lund      | Executive Vice President of Riggs Bank N.A. International Banking Group since 1996                                                                                                   | 40 
|Henry D. Morneault   | Executive Vice President of Riggs Bank N.A. and Chairman of Riggs & Co. since 2001                                                                                                   | 51 
|Robert C. Roane      | Executive Vice President and Chief Operating Officer of Riggs Bank N.A. since 1999                                                                                                   | 45 
|Terrie G. Spiro      | Executive Vice President of Riggs Bank N.A. Relationship Banking since 2001                                                                                                          | 45 
|Steven T. Tamburo    | Chief Financial Officer and Treasurer of the Corporation since 2001
                              Executive Vice President and Chief Financial Officer of Riggs Bank N.A. since 2001 | 33 

*Executive officers of Riggs National Corporation, including certain executive officers of Riggs Bank N.A.,
as of December 31, 2001.

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EXPERIENCE OF MANAGEMENT

Robert L. Allbritton has
been Chairman of the Board and Chief Executive Officer of the Corporation and
Chairman of the Board of Riggs Bank N.A. since 2001. He also serves as a
director of Perpetual Corporation (indirect owner of Allbritton Communications
Company and 99.7% owner of ALLNEWSCO, Inc.), Chairman and Chief Executive
Officer of Allbritton Communications Company and Chairman and director of
ALLNEWSCO, Inc.

Timothy C.  Coughlin  has served as President of the  Corporation  since 1992.  He has been a director of the
Corporation since 1988 and was a Director of Riggs Bank N.A. from 1983 to 1996.

Joseph M. Cahill was appointed  General  Counsel of the  Corporation in 2000 and has served as Executive Vice
President and General  Counsel of Riggs Bank N.A.  since 2001.  Mr. Cahill also served as Executive  Director
of Legal  Affairs of Riggs Bank N.A.  from 1998 to 2001,  Litigation  Manager of Riggs Bank N.A. from 1996 to
1997, and Associate Litigation Manager from 1993 to 1995.

William A. Craig,  Executive  Vice  President,  has served as head of Human  Resources  since 2000.  Prior to
joining  Riggs,  Mr. Craig served as Senior Vice  President  and Chief  Administrative  Officer at Merchant's
Inc., and held similar positions at Perpetual Financial Corporation, Woodward and Lothrop, and Giant Food.

Stanley M. Dore, III, has
served as Senior Vice President and Risk Manager since January 2001 and as
Director of Risk Management, Riggs Bank N.A. since November 2000. He also served
in various management roles at Sallie Mae, Inc. from 1989 to 2000, most recently
as Head of Corporate Risk Management.

Henry A. Dudley,  Jr.,  Executive Vice President,  has served as President of Riggs & Co., which includes the
Trust  Division and Private  Banking  since 2001. He also has served as Chief Trust Officer of the Bank since
1994.

Jeffrey T. Glynn has served
as Executive Vice President-Community Banking since April of 2000. Mr. Glynn has
served in various management positions with Riggs during the past 7 years. He
held the position of Senior Vice President of RiggsDirect, the Banks
telephone banking group, from 1995 to 2000.

Lawrence I. Hebert,  has served as President and Chief  Executive  Officer of Riggs Bank N.A.  since 2001. He
has served as  director of Riggs  National  Corporation  since 1988 and as  director of Riggs Bank N.A.  from
1981-1988,  from  1989-1996,  and since 2001.  Mr.  Hebert also serves as President and director of Perpetual
Corporation  (indirect  owner of  Allbritton  Communications  Company  and 99.7% owner of  ALLNEWSCO,  Inc.),
director of ALLNEWSCO,  Inc., and President of Westfield News  Advertiser,  Inc. Prior to joining Riggs,  Mr.
Hebert served as Chairman and Chief Executive Officer of Allbritton Communications Company.

Mark N.  Hendrix,  has served as Executive  Vice  President  and Chief  Marketing  officer of Riggs Bank N.A.
since 1998.  Prior to joining Riggs, Mr. Hendrix served as Director of Marketing  Communications  for Barnett
Banks, Inc.

Shaun V. Kelley, has served
as Executive Vice President and Chief Credit Officer since 2001. Prior to
joining Riggs, Mr. Kelley was at First Union National Bank in Northern Virginia,
serving as Managing Director of the Private Capital Management Group from 2000
to 2001, and as Senior Vice President and Chief Credit Officer from 1993 to
2000.

Raymond M. Lund has served
as Executive Vice President-International Banking Group since 1996. Mr. Lund has
served in various management positions during the past 13 years, including Head
of the International and Domestic Private Banking Divisions.

Henry D.  Morneault,  has served as Executive  Vice  President  and  Chairman of Riggs & Co. since 2001.  Mr.
Morneault joined Riggs from FleetBoston  Financial,  where he was Group Manager and Managing  Director of the
Media and Entertainment Group.

Robert C. Roane,  Executive Vice President,  has served as Chief  Operating  Officer of Riggs Bank N.A. since
May of 1999. Mr. Roane has served in various management positions with Riggs  during the past 24 years.

Terrie G. Spiro, Executive
Vice President, has served as Head of Relationship Banking since 2001. Prior to
joining Riggs, Ms. Spiro spent 12 years in President and CEO positions at Tysons
Financial Corporation and Heritage Bancorp.

Steven T. Tamburohas served as Chief  Financial  Officer and Treasurer of the Corporation and Executive Vice
President  and Chief  Financial  Officer of Riggs Bank N.A.  since 2001.  Mr.  Tamburo  also served as Deputy
Chief Financial  Officer of the  Corporation and as Senior Vice President and Deputy Chief Financial  Officer
of Riggs Bank N.A.  from 2000 to 2001, as Senior Vice  President and  Controller of Riggs Bank N.A. from 1999
to 2000, and as Group Vice President-Management and Regulatory Reporting-Riggs Bank N.A. from 1998 to 1999.

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ITEM 11.

EXECUTIVE COMPENSATIONThe information required by
this Item is included in Riggs National Corporations 2002 Proxy Statement
to Shareholders, which is incorporated herein by reference.

ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTThe information required by
this Item is included in Riggs National Corporations 2002 Proxy Statement
to Shareholders, which is incorporated herein by reference.

ITEM 13.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONSThe information required by this Item is included in the 2002 Proxy Statement to Shareholders, which is
incorporated herein by reference.

#### PART IV

ITEM 14.

EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K14(a) Financial Statements
The financial statements included on pages 34-72 of our 2001 Annual Report are incorporated herein by
reference.

The exhibits listed on the
Index to Exhibits are incorporated herein by reference.

14(b) Reports on Form 8-K
On December 13, 2001, the
Corporation filed a Form 8-K regarding its press release issued on the same
date. The press release announced restructuring and other charges designed to
enhance the Corporations business performance and customer service, and
better position the Corporation both for the current and long-term economic
environments.

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Pursuant to the
requirements of Section 13 or 15(d) 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.

RIGGS NATIONAL CORPORATION

Pursuant to the
requirements of the Securities Exchange Act of 1934, this report has been signed
below by the following persons on behalf of the registrant and in the capacities
and on the date indicated.

/s/ ROBERT L. ALLBRITTON
Robert L. Allbritton,
Chairman of the Board and Chief Executive Officer
March 20, 2002

|/s/ TIMOTHY C. COUGHLINTimothy C. Coughlin        | President and Director                                                           
|------------------------------------------------- | ---------------------------------------------------------------------------------
|/s/ STEVEN T. TAMBUROSteven T. Tamburo            | Chief Financial Officer and Treasurer(Principal Financial and Accounting Officer)
|JOE L. ALLBRITTON*Joe L. Allbritton               | Vice Chairman of the Board                                                       
|J. CARTER BEESE, JR.*J. Carter Beese, Jr.         | Director                                                                         
|CHARLES A. CAMALIER, III*Charles A. Camalier, III | Director                                                                         
|LAWRENCE I. HEBERT*Lawrence I. Hebert             | Director                                                                         
|STEVEN B. PFEIFFER*Steven B. Pfeiffer             | Director                                                                         
|ROBERT L. SLOAN*Robert L. Sloan                   | Vice Chairman of the Board                                                       
|JACK VALENTI*Jack Valenti                         | Director                                                                         
|WILLIAM L. WALTON*William L. Walton               | Director                                                                         
|EDDIE N. WILLIAMS*Eddie N. Williams               | Director                                                                         

*By:  /s/ JOSEPH M. CAHILL
        Joseph M. Cahill, Attorney-in-fact
        March 20, 2002

9

Filing Page 10

#### INDEX TO
   EXHIBITS

Exhibit
No.                                                                                                        Description                                                               Pages

---

`(3.1)      Restated Certificate of Incorporation of Riggs National Corporation, dated April 19, 1999
           (Incorporated by reference to the Registrant's Form 10-Q for the quarter ended June 30, 1999,
           SEC File No. 0-9756)

(3.2)      By-laws of the Registrant with amendments through January 23, 2002                                         12-38

(4.1)      Indenture dated June 1, 1989 with respect to $100 million 9.65% Subordinated Debentures
           due 2009 (Incorporated by reference to the Registrant's Form 8-K dated June 20, 1989, SEC
           File No. 0-9756)

(4.2)      Indenture dated December 13, 1996 with respect to $150 million, 8.625% Trust Preferred
           Securities, Series A due 2026 (Incorporated by reference to the Registrant's S-3 dated
           February 6, 1997, SEC File No. 333-21297)

(4.3)      Indenture dated March 12, 1997, with respect to $200 million, 8.875% Trust Preferred
           Securities, Series C due 2027 (Incorporated by reference to the Registrant's S-3 dated
           May 2, 1997, SEC File No. 333-26447)

(10.1)     Time Sharing Agreement for lease of Gulfstream V by Perpetual Corporation/Lazy Lane
           Farms, Inc. and Allbritton Communications companies (Incorporated by reference to the
           Registrant's Form 10-Q dated March 31, 2001, SEC File No. 0-9756)

(10.2)     Time Sharing Agreement for lease of Beechcraft King Air 300 by Riggs Bank N.A.
           (Incorporated by reference to the Registrant's Form 10-K for the year ended December 31, 2000,
           SEC File No. 0-9756)

(10.3)     Time Sharing Agreement for lease of Gulfstream III by Riggs Bank N.A. (Incorporated by
           reference to the Registrant's Form 10-K for the year ended December 31, 2000,
           SEC File No. 0-9756)

(10.4)     Time Sharing Agreement for lease of Beechcraft King Air 300 between Allbritton Communications
           Company and Riggs Bank N.A. (Incorporated by reference to the Registrant's Form 10-Q for the
           quarter ended June 30, 2001, SEC File No. 0-9756)

(10.5)+    Joe L. Allbritton Settlement Agreement, dated December 31, 2001                                            39-41

(10.6)+    First Amendment dated March 28, 2001 to Amended Joe L. Allbritton Employment Agreement
           (Incorporated by reference to the Registrant's Form 10-Q for the quarter ended March 31, 2001,
           SEC File No. 0-9756)

(10.7)+    Riggs National Corporation's Senior Executive Change of Control and Retention Agreement                    42-66

(10.8)+    Trust Under the Riggs National Corporation's Senior Executive Change of Control and Retention              67-84
           Agreement, dated November 8, 2001

(10.9)+    Riggs National Corporation's Executive Deferred Compensation Plan (Incorporated by reference to
           the Registrant's Form S-8 dated December 6, 2001, SEC File No. 333-74644)

(10.10)+   Trust under the Riggs National Corporation's Executive Deferred Compensation Plan (Incorporated
           by reference to the Registrant's Form S-8 dated December 6, 2001, SEC File No. 333-74644)

(10.11)+   Riggs National Corporation's Executive Incentive Plan (Incorporated by reference to the
           Registrant's Form 10-Q for the quarter ended September 30, 1999, SEC File No. 0-9756)

(10.12)+   Split Dollar Life Insurance Plan Agreements (Incorporated by reference to the Registrant's Form
           10-K for the year ended December 31, 1998, SEC File No. 0-9756)

(10.13)+   The 1993 Stock Option Plan and the 1994 Stock Option Plan, as amended April 15, 1998
           (Incorporated by reference to the Registrant's Annual Meeting Proxy Statement filed March 18, 1998), and the
           1996 Stock Option Plan and the 1997 Non-Employee Directors Stock Option Plan, as amended April 14, 1999
           (Incorporated by reference to the Registrant's Annual Meeting Proxy Statement filed March 17, 1999)`

10

Filing Page 11

Exhibit
No.                                                                                                        Description                                                               Pages

---

`(10.14)+   Riggs National Corporation and Riggs Bank N.A. Deferred Compensation Plan for Directors,
           revised April 12, 2000 (Incorporated by reference to the Registrant's Form 10-Q for the quarter
           ended June 30, 2000, SEC File No. 0-9756)

(10.15)+   Description of the 2001 General Incentive Plan (Incorporated by reference to the Registrant's Form
           10-Q for the quarter ended March 31, 2001, SEC File No. 0-9756)

(10.16)+   Supplemental Executive Retirement Plan, as amended and restated July 12, 1995 (Incorporated
           by reference to the Registrant's Form 10-K for the year ended December 31, 1998, SEC File No.
           0-9756)

(10.17)+   Trust Agreement, dated July 12, 1995, for the Supplemental Executive Retirement Plan and
           the Split Dollar Life Insurance and Supplemental Death Benefit Plans (Incorporated by reference
           to the Registrant's Form 10-K for the year ended December 31, 1998, SEC File No. 0-9756)

(10.18)    Operating Agreement of Riggs Capital Partners LLC (Incorporated by reference to the Registrant's
           Form 10-K for the year ended December 31, 1999, SEC File No., 0-9756)

(10.19)    First Amendment to Operating Agreement of Riggs Capital Partners, LLC (Incorporated by reference
           to the Registrant's Form 10-K for the year ended December 31, 2000, SEC File No. 0-9756)

(10.20)    Riggs Capital Partners, LLC Investment & Management Agreement with RCP Investments, LP
           (Incorporated by reference to the Registrant's Form 10-K for the year ended December 31, 2000,
           SEC File No. 0-9756)

(10.21)    Second Amendment to Operating Agreement of Riggs Capital Partners LLC                                      85-88

(10.22)    Operating Agreement of Riggs Capital Partners II, LLC                                                     89-121

(10.23)    Riggs Capital Partners II, LLC Investment and Management Agreement                                       122-127

(10.24)    Riggs Capital Partners Operating and Services Agreement with RCP Investments L.P.                        128-136

(10.25)    First Amendment to Riggs Capital Partners Operating and Services Agreement                               137-138

(11)       Computation of Per Share Earnings                                                                            139

(13)       Portions of our 2001 Annual Report to Shareholders                                                       140-211

(21)       Subsidiaries of the Registrant                                                                               212

(23)       Consent of Independent Public Accountants                                                                    213

(24)       Powers of Attorney                                                                                           214

(99)       Representation of Arthur Andersen LLP                                                                        215`

+ Management contract or compensatory plan or arrangement

Exhibits omitted are not required or not applicable

11