##### Table of Contents





United States
 Securities and Exchange
    Commission
 Washington, D.C.
    20549
  Form 10-Q
  QUARTERLY REPORT UNDER
    SECTION 13 OR 15(d)
 OF THE SECURITIES EXCHANGE ACT
    OF 1934
  For the
    quarterly period ended March 31, 2009
  Commission file number
    1-13805
  Harris Preferred Capital
    Corporation
    Maryland

# 36-4183096(State or other jurisdiction

(I.R.S. Employerof incorporation or organization)

Identification No.)111 West Monroe Street, Chicago, Illinois

60603(Address of principal executive offices)

(Zip Code)   Registrants telephone number, including area code:
 (312) 461-2121
  Securities registered pursuant to Section 12(b) of the
    Act:
  Name of each exchange onTitle of each class

which registered73/8%
    Noncumulative Exchangeable Preferred Stock,

New York Stock ExchangeSeries A, par value $1.00 per share   Securities registered pursuant to Section 12(g) of the
    Act: None
   þ o
    o o
   12b-2
  Large
    accelerated
    filer o
    Accelerated
    filer o
    Non-accelerated
    filer þ
    Smaller
    reporting
    company o    Rule 12b-2
 o þ




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##### 





HARRIS
    PREFERRED CAPITAL CORPORATION
  TABLE OF
    CONTENTS
   
 Part I


FINANCIAL INFORMATIONItem 1.


Financial Statements:Consolidated Balance Sheets


2Consolidated Statements of Income and
    Comprehensive Income


3Consolidated Statements of Changes in
    Stockholders Equity


4Consolidated Statements of Cash Flows


5Notes to Consolidated Financial Statements


6Item 2.


Managements Discussion and Analysis of
    Financial Condition and Results of Operations


8Consolidated Financial Statements:Consolidated Statements of Condition


11Consolidated Statements of Income


12Consolidated Statements of Comprehensive
    Income


13Consolidated Statements of Changes In
    Stockholders Equity


14Consolidated Statements of Cash Flows


15Notes to Consolidated Financial Statements


16Financial Review


19Item 3.


Quantitative and Qualitative Disclosures about
    Market Risk


20Item 4T.


Controls and Procedures


20PART II


OTHER INFORMATIONItem 2.


Unregistered Sales of Equity Securities and Use
    of Proceeds


21Item 6.


Exhibits


21Signatures


22EX-31.1EX-31.2EX-32.1




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HARRIS
    PREFERRED CAPITAL CORPORATION
  CONSOLIDATED
    BALANCE SHEETS
  March 31,


December 31,


March 31,2009


2008


2008(unaudited)


(audited)


(unaudited)(in thousands, except share data)AssetsCash on deposit with Harris N.A.

$
50,909


$
816


$
1,134Securities purchased from Harris N.A. under agreement to resell


6,367



5,863



13,191Total cash and cash equivalents

$
57,276


$
6,679


$
14,325Notes receivable from Harris N.A.


3,948



4,284



4,992Securities available-for-sale, at fair valueMortgage-backed


492,633



488,282



438,698U.S. Treasury Bills


79,999







34,997Other assets


1,868



1,885



1,906Total assets

$
635,724


$
501,130


$
494,918Liabilities and Stockholders EquityAccrued expenses

$
503


$
112


$
95Deferred state tax liabilities


1,060



774



Payable for security purchased


49,999







Total liabilities

$
51,562


$
886


$
95Commitments and contingencies










Stockholders Equity73/8%
    Noncumulative Exchangeable Preferred Stock, Series A
    ($1 par value); liquidation value of $250,000;
    20,000,000 shares authorized, 10,000,000 shares issued
    and outstanding

$
250,000


$
250,000


$
250,000Common stock ($1 par value); 5,000 shares authorized;
    1,180 issued and outstanding at March 31, 2009; and
    1,000 shares authorized, issued and outstanding at
    December 31, 2008 and March 31, 2008.


1



1



1Additional paid-in capital


320,733



240,733



240,733Earnings (less than) in excess of distributions


(39
)


(322
)


723Accumulated other comprehensive income  net
    unrealized gains on available-for-sale securities


13,467



9,832



3,366Total stockholders equity

$
584,162


$
500,244


$
494,823Total liabilities and stockholders equity

$
635,724


$
501,130


$
494,918   The accompanying notes are an integral part of these
    financial statements.
 2




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##### Table of Contents



HARRIS
    PREFERRED CAPITAL CORPORATION
  CONSOLIDATED
    STATEMENTS OF INCOME
 AND
    COMPREHENSIVE INCOME
  Quarter Ended March 31,2009


2008(in thousands)Interest income:Securities purchased from Harris N.A. under agreement to resell

$
9


$
634Notes receivable from Harris N.A.


64



82Securities available-for-sale:Mortgage-backed


5,382



4,674U.S. Treasury Bills


1



16Total interest income

$
5,456


$
5,406Operating expenses:Loan servicing fees paid to Harris N.A.

$
3


$
4Advisory fees paid to Harris N.A.


56



39General and administrative


120



98Total operating expenses

$
179


$
141Income before income taxes

$
5,277


$
5,265Applicable state income taxes


385



Net Income

$
4,892


$
5,265Preferred stock dividends


4,609



4,609Net income available to common stockholder

$
283


$
656Basic and diluted earnings per common share

$
283


$
656Net income

$
4,892


$
5,265Other comprehensive income:Available-for-sale securities:Unrealized holding gains arising during the period, net of
    deferred state taxes

$
3,635


$
4,373Less reclassification adjustment for realized (gains) losses
    included in net income






Comprehensive income

$
8,527


$
9,638   The accompanying notes are an integral part of these
    financial statements.
 3




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##### Table of Contents



HARRIS
    PREFERRED CAPITAL CORPORATION
  CONSOLIDATED
    STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY
  Quarter EndedMarch 31,2009


2008(in thousands)Balance at January 1

$
500,244


$
489,794Net income


4,892



5,265Other comprehensive income


3,635



4,373Capital contribution and issuance of common stock


80,000



Dividends (preferred stock $0.4609 per share)


(4,609
)


(4,609
)Balance at March 31

$
584,162


$
494,823   The accompanying notes are an integral part of these
    financial statements.
 4




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HARRIS
    PREFERRED CAPITAL CORPORATION
  CONSOLIDATED
    STATEMENTS OF CASH FLOWS
  Quarter Ended March 31,2009


2008(in thousands)Operating Activities:Net income

$
4,892


$
5,265Adjustments to reconcile net income to net cash provided by
    operating activities:Net decrease (increase) in other assets


17



(377
)Net increase (decrease) in accrued expenses


391



(34
)Net increase in payable for security purchased


49,999



Net cash provided by operating activities

$
55,299


$
4,854Investing Activities:Repayments of notes receivable from Harris N.A.

$
336


$
343Purchases of securities available-for-sale


(128,575
)


(121,331
)Proceeds from maturities/redemptions of securities
    available-for-sale


48,146



121,203Net cash (used in) provided by investing activities

$
(80,093
)

$
215Financing Activities:Cash dividends paid on preferred stock

$
(4,609
)

$
(4,609
)Cash dividends paid on common stock






(3,000
)Capital contribution and issuance of common stock


80,000



Net cash provided by (used in) financing activities

$
75,391


$
(7,609
)Net increase (decrease) in cash on deposit with Harris N.A.

$
50,597


$
(2,540
)Cash and cash equivalents with Harris N.A. at beginning of period


6,679



16,865Cash and cash equivalents with Harris N.A. at end of period

$
57,276


$
14,325   The accompanying notes are an integral part of these
    financial statements.
 5




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##### Table of Contents



HARRIS
    PREFERRED CAPITAL CORPORATION
  NOTES
    TO CONSOLIDATED FINANCIAL STATEMENTS
  1.
    Basis of
    Presentation    Form 10-K.
    2.
    Commitments
    and Contingencies    3.
    Securities    March 31, 2009Amortized


Unrealized


Unrealized


FairCost


Gains


Losses


Value(in thousands)Available-for-Sale SecuritiesMortgage-backed

$
478,108


$
14,525


$



$
492,633U.S. Treasury Bills


79,998



1







79,999Total Securities

$
558,106


$
14,526


$



$
572,632   6




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##### Table of Contents



HARRIS
    PREFERRED CAPITAL CORPORATION
  December 31, 2008Amortized


Unrealized


Unrealized


FairCost


Gains


Losses


Value(in thousands)Available-for-Sale SecuritiesMortgage-backed

$
477,678


$
10,720


$
116


$
488,282U.S. Treasury Bills














Total Securities

$
477,678


$
10,720


$
116


$
488,282   March 31, 2008Amortized


Unrealized


Unrealized


FairCost


Gains


Losses


Value(in thousands)Available-for-Sale SecuritiesMortgage-backed

$
435,332


$
3,961


$
595


$
438,698U.S. Treasury Bills


34,997











34,997Total Securities

$
470,329


$
3,961


$
595


$
473,695     4.
    Fair
    Value Measurements    Fair Value


Fair Value Measurements UsingMarch 31, 2009


Level 1


Level 2


Level 3(in thousands)Available-for-sale securities

$
572,632


$
79,999


$
492,633


$
   Fair Value


Fair Value Measurements UsingDecember 31, 2008


Level 1


Level 2


Level 3(in thousands)Available-for-sale securities

$
488,282


$



$
488,282


$
   Fair Value


Fair Value Measurements UsingMarch 31, 2008


Level 1


Level 2


Level 3(in thousands)Available-for-sale securities

$
473,695


$
34,997


$
438,698


$
  7




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##### Table of Contents



HARRIS
    PREFERRED CAPITAL CORPORATION
  Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Forward-Looking
    Information
  Form 10-Q Form 10-K Form S-11 No. 333-40257),
  Results
    of Operations
  First
    Quarter 2009 Compared with First Quarter 2008
           8




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HARRIS
    PREFERRED CAPITAL CORPORATION
      Liquidity
    Risk Management
           9




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##### Table of Contents



HARRIS
    PREFERRED CAPITAL CORPORATION
  Market
    Risk Management
    Accounting
    Pronouncements
  FAS 157-4, FAS 107-1 28-1, FAS 115-2 FAS 124-2,
    Tax
    Matters
    Financial
    Statements of Harris N.A.
   10




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
  CONSOLIDATED
    STATEMENTS OF CONDITION  March 31,


December 31,


March 31,2009


2008


2008(unaudited)


(audited)


(unaudited)(in thousands except share data)ASSETSCash and demand balances due from banks

$
1,098,403


$
1,072,255


$
1,359,417Money market assets:Interest-bearing deposits at banks ($10.1 billion,
    $24.7 billion, and $0 held at Federal Reserve Bank at
    March 31, 2009, December 31, 2008, and March 31,
    2008 respectively)


11,134,016



26,031,291



1,046,522Federal funds sold and securities purchased under agreement to
    resell


326,313



182,063



582,712Total cash and cash equivalents

$
12,558,732


$
27,285,609


$
2,988,651Securities available-for-sale at fair value (amortized cost of
    $7.2 billion at March 31, 2009 and $9.2 billion
    at December 31, 2008 and March 31, 2008)


7,265,687



9,283,283



9,254,701Trading account assets and derivative instruments


1,302,193



1,367,833



447,057Loans, net of unearned income


25,099,589



26,396,381



27,660,618Allowance for loan losses


(607,561
)


(574,224
)


(405,603
)Net loans

$
24,492,028


$
25,822,157


$
27,255,015Loans held for sale


72,587



29,544



88,178Premises and equipment


521,719



533,516



514,250Bank-owned insurance


1,315,451



1,304,315



1,263,651Goodwill and other intangible assets


772,696



779,444



804,202Other assets


881,225



900,354



987,105Total assets

$
49,182,318


$
67,306,055


$
43,602,810LIABILITIESDeposits in domestic offices  
    noninterest-bearing

$
12,055,125


$
28,059,575


$
6,294,205 interest-bearing (includes $156.2 million, $77.7 million, and $0 measured at fair value at March 31, 2009, December 31, 2008 and March 31, 2008, respectively)


24,086,415



24,374,034



23,044,496Deposits in foreign offices     
    interest-bearing


806,129



920,235



971,270Total deposits

$
36,947,669


$
53,353,844


$
30,309,971Federal funds purchased


299,678



78,525



404,218Securities sold under agreement to repurchase


1,541,936



3,501,758



1,010,239Short-term borrowings


593,229



359,476



561,612Short-term senior notes






75,000



930,000Accrued interest, taxes and other expenses


194,142



247,825



231,008Accrued pension and post-retirement


113,228



171,933



83,366Other liabilities


592,350



631,487



786,652Long-term notes  senior


2,096,500



2,096,500



2,096,500Long-term notes  subordinated


292,750



292,750



297,750Long-term notes  secured


2,375,000



2,375,000



2,375,000Total liabilities

$
45,046,482


$
63,184,098


$
39,086,316STOCKHOLDERS EQUITYCommon stock ($10 par value); authorized
    40,000,000 shares; issued and outstanding
    17,149,512 shares at March 31, 2009, December 31,
    2008, and March 31, 2008

$
171,495


$
171,495


$
171,495Surplus


2,172,217



2,172,029



2,168,784Retained earnings


1,737,956



1,734,472



1,947,945Accumulated other comprehensive loss


(195,832
)


(206,039
)


(21,730
)Stockholders equity before noncontrolling
    interest  preferred stock of subsidiary

$
3,885,836


$
3,871,957


$
4,266,494Noncontrolling interest  preferred stock of subsidiary


250,000



250,000



250,000Total stockholders equity

$
4,135,836


$
4,121,957


$
4,516,494Total liabilities and stockholders equity

$
49,182,318


$
67,306,055


$
43,602,810   The accompanying notes to consolidated financial statements
    are an integral part of these statements.
 11




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HARRIS
    N.A. AND SUBSIDIARIES
  CONSOLIDATED
    STATEMENTS OF INCOME
    (Unaudited)  Three Months Ended March 31,2009


2008(in thousands)Interest IncomeLoans

$
287,978


$
380,245Money market assets:Deposits at banks


6,386



5,429Federal funds sold and securities purchased under agreement to
    resell


455



7,561Trading account assets


2,537



2,508Securities available-for-sale:U.S. Treasury and federal agency


34,269



77,608State and municipal


13,853



12,051Other


4,110



4,761Total interest income

$
349,588


$
490,163Interest ExpenseDeposits

$
111,980


$
190,843Short-term borrowings


1,897



22,766Short-term senior notes


6



5,152Long-term notes  senior


10,317



20,432Long-term notes  subordinated


1,650



3,565Long-term notes  secured


2,832



20,662Total interest expense

$
128,682


$
263,420Net Interest Income

$
220,906


$
226,743Provision for loan losses


93,094



23,202Net Interest Income after Provision for Loan Losses

$
127,812


$
203,541Noninterest IncomeTrust and investment management fees

$
18,782


$
22,851Net money market and bond trading income (losses), including
    derivative activity


4,432



(455
)Foreign exchange


2,625



1,125Service charges and fees


47,646



47,445Equity securities gains, net


1,952



39,796Net securities gains, other than trading


28,486



10,837Bank-owned insurance


11,103



12,449Letter of credit fees


5,094



3,829Loan sale gains, net


1,732



1,340Other


9,060



10,323Total noninterest income

$
130,912


$
149,540Noninterest ExpensesSalaries and other compensation

$
92,879


$
99,934Pension, profit sharing and other employee benefits


30,732



33,801Net occupancy


26,984



25,915Equipment


17,502



15,843Marketing


8,825



10,912Communication and delivery


7,647



7,335Professional fees


28,219



23,838Outside information processing, database and network fees


8,979



9,694FDIC Insurance


15,034



1,265Intercompany services, net


(184
)


5,001Visa indemnification reversal






(17,000
)Other


18,242



18,394Amortization of intangibles


7,106



6,700Total noninterest expenses

$
261,965


$
241,632(Loss) income before income tax (benefit) expense

$
(3,241
)

$
111,449Applicable income tax (benefit) expense


(11,335
)


30,802Net income before noncontrolling interest  dividends
    on preferred stock of subsidiary

$
8,094


$
80,647Noncontrolling interest  dividends on preferred stock
    of subsidiary


4,609



4,609Net Income Available for Common Stockholder

$
3,485


$
76,038   The accompanying notes to consolidated financial statements
    are an integral part of these statements.
 12




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
  CONSOLIDATED
    STATEMENTS OF COMPREHENSIVE INCOME
    (Unaudited)  Three Months Ended March 31,2009


2008(in thousands)Net income available for common stockholder

$
3,485


$
76,038Other comprehensive income:Cash flow hedges:Net unrealized gain (loss) on derivative instruments, net of tax
    (expense) benefit of ($9,147) in 2009 and $14,533 in 2008


16,988



(26,988
)Less reclassification adjustment for losses included in net
    income, net of tax benefit of $1,681 in 2009 and $1,638 in 2008


3,121



3,042Pension and postretirement medical benefit plans:Net gain and net prior service cost, net of tax expense of
    $3,531 in 2009 and $512 in 2008


6,557



949Less reclassification adjustment for amortization included in
    net income, net of tax benefit of $366 in 2009 and $0 in 2008


681



Available-for-sale securities:Unrealized holding gains arising during the period, net of tax
    expense of $799 in 2009 and $19,121 in 2008


1,495



35,633Less reclassification adjustment for realized gains included in
    net income, net of tax expense of $10,034 in 2009 and $3,793 in
    2008


(18,635
)


(7,044
)Other comprehensive income

$
10,207


$
5,592Comprehensive income available for common stockholder

$
13,692


$
81,630   The accompanying notes to consolidated financial statements
    are an integral part of these statements.
 13




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
  CONSOLIDATED
    STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY
    (Unaudited)  2009


2008(in thousands)Balance at January 1

$
4,121,957


$
4,038,342Net income before dividends on preferred stock of subsidiary


8,094



80,647Contributions to capital surplus






386,935Issuance of common stock






16,347Stock options


187



520Tax benefit from stock option exercise






720Dividends  ($0.52 in 2008 per common share)






(8,000
)Dividends  preferred stock of subsidiary


(4,609
)


(4,609
)Other comprehensive income


10,207



5,592Balance at March 31

$
4,135,836


$
4,516,494   The accompanying notes to consolidated financial statements
    are an integral part of these statements.
 14




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
  CONSOLIDATED
    STATEMENTS OF CASH FLOWS
    (Unaudited)  Three Months Ended March 31,2009


2008(in thousands)Operating Activities:Net Income available for common stockholder

$
3,485


$
76,038Adjustments to reconcile net income available for common
    stockholder to net cash provided by (used in) operating
    activities:Provision for loan losses


93,094



23,202Depreciation and amortization, including intangibles


25,221



19,236Deferred tax expense (benefit)


7,874



(8,004
)Tax benefit from stock options exercise






720Other than temporary impairment on securities


183



Net gains on securities, other than trading


(28,669
)


(10,837
)Net equity investments gains


(1,952
)


(39,796
)(Increase) decrease in bank-owned insurance


(11,136
)


1,305Net decrease (increase) in trading securities


142,933



(286,955
)Net decrease in accrued interest receivable


23,027



24,758Net decrease in prepaid expenses


2,359



Net decrease in accrued interest payable


(16,454
)


(17,667
)Net decrease in other accrued expenses


(6,292
)


(25,919
)Origination of loans held for sale


(211,016
)


(118,484
)Proceeds from sale of loans held for sale


169,702



94,293Net gains on loans held for sale


(1,729
)


(1,292
)Net losses on sale of premises and equipment


321



17Recoveries on charged-off loans


16,168



14,670Net increase in settlement clearing account


(43,367
)


(78
)Net change in pension and post retirement benefits


(47,570
)


(3,588
)Net (decrease) increase in marked to market hedging derivatives


(29,752
)


46,961Visa indemnification






17,000Other, net


(53,306
)


10,996Net cash provided by (used in) operating activities

$
33,124


$
(183,424
)Investing Activities:Proceeds from sales of securities available-for-sale

$
2,830,608


$
837,912Proceeds from maturities of securities available-for-sale


1,054,551



5,073,723Purchases of securities available-for-sale


(1,866,025
)


(5,567,444
)Net (increase) decrease in loans


1,220,867



(573,166
)Purchases of premises and equipment


(19,065
)


(19,404
)Sales of premises and equipment


12,999



24,181Proceeds from Visa redemption






37,800Acquisition, net of cash acquired


(3,423
)


(285,214
)Net cash provided by (used in) investing activities

$
3,230,512


$
(471,612
)Financing Activities:Net decrease in deposits

$
(16,406,175
)

$
(861,848
)Net increase (decrease) in Federal funds purchase and securities
    sold under agreement to repurchase


(1,738,669
)


(381,697
)Net increase (decrease) in other short-term borrowings


233,753



(382,780
)Net (decrease) increase in short-term notes senior


(75,000
)


850,000Proceeds from issuance long-term notes  subordinated






5,000Proceeds from issuance long-term notes  secured






375,000Net proceeds from stock options


187



520Excess tax expense from stock options exercise






(299
)Cash dividends paid on common stock






(8,000
)Cash dividends paid on preferred stock


(4,609
)


(4,609
)Issuance of common stock






16,347Contributions to capital surplus






386,935Net cash used in financing activities

$
(17,990,513
)

$
(5,431
)Net decrease in cash and cash equivalents


(14,726,877
)


(660,467
)Cash and cash equivalents at January 1


27,285,609



3,649,120Cash and cash equivalents at March 31

$
12,558,732


$
2,988,653   The accompanying notes to consolidated financial statements
    are an integral part of these statements.
 15




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS
  1.
    Basis of
    Presentation              2.
    Contingent
    Liabilities and Litigation    3.
    Cash
    Flows   16




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
    4.
    Visa
    Indemnification Charge            5.
    Fair
    Value Measurements  FAS 157-4, FAS 107-1 28-1, FAS 115-2 FAS 124-2,
 17




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
    6.
    Fair
    Value Option    7.
    Accounting
    for Endorsement Split-Dollar Life Insurance
    Arrangements  No. 06-04,
  8.
    Auction
    Rate Securities Purchase Program      9.
    Noncontrolling
    Interests   18




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##### Table of Contents



HARRIS
    N.A. AND SUBSIDIARIES
  FINANCIAL REVIEW
  First
    Quarter 2009 Compared with First Quarter 2008
  Summary
                 19




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##### Table of Contents



Item 3.
    Quantitative
    and Qualitative Disclosures About Market Risk      Apr. 1, 2009 to


Year Ending December 31,








Fair Value atDec. 31, 2009


2010


2011


2012


2013


Thereafter


Total


March 31, 2009Mortgage-BackedAmortized cost

$
21,720


$
39,086


$
21,258


$



$
16,822


$
379,221


$
478,107


$
492,633Average Yield


4.17
%


4.59
%


4.00
%






4.00
%


4.85
%


4.68
%U.S. Treasury BillsAmortized cost

$
79,999


$



$



$



$



$



$
79,999


$
79,999Average Yield


0.002
%






















0.002
%   Year Ending December 31,








Fair Value at2009


2010


2011


2012


2013


Thereafter


Total


December 31, 2008Mortgage-BackedAmortized cost

$
43,936


$
41,881


$
22,902


$



$
18,237


$
350,721


$
477,677


$
488,282Average Yield


4.10
%


4.57
%


4.00
%






4.00
%


4.85
%


4.68
%   Apr. 1, 2008 to


Year Ending December 31,








Fair Value atDec. 31, 2008


2009


2010


2011


2012


Thereafter


Total


March 31, 2008Mortgage-BackedAmortized cost

$
4,635


$
62,548


$
22,345


$
26,412


$



$
319,392


$
435,332


$
438,698Average Yield


4.00
%


4.10
%


4.06
%


4.00
%






4.88
%


4.66
%U.S. Treasury BillsAmortized cost

$
34,997


$



$



$



$



$



$
34,997


$
34,997Average Yield


0.0468
%






















0.0468
%     Item 4T.
    Controls
    and Procedures  (a)
    Evaluation
    of Disclosure Controls and Procedures    (b)
    Changes
    in Internal Control over Financial Reporting   20




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##### Table of Contents



Part II.
    OTHER INFORMATION  Items 1,
    1A, 3, 4 and 5 are being omitted from this Report because such
    items are not applicable to the reporting period.
  Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds.  Form 8-K
  Item 6.
    Exhibits  3.1  Articles of Incorporation, as amended, of
    Harris Preferred Capital Corporation*
  31.1 Certification of Pamela C. Piarowski pursuant to
    rule 13a-14(a)
  31.2 Certification of Paul R. Skubic pursuant to
    rule 13a-14(a)
  32.1 Certification pursuant to 18 U.S.C.
    Section 1350, as adopted pursuant to Section 906 of
    the Sarbanes-Oxley Act of 2002
  *
    
    Incorporated by reference to Exhibit 3.1 with the
    Companys
    Form 8-K
    dated March 4, 2009. 21




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##### Table of Contents



SIGNATURES     Paul
    R. Skubic
  
   Pamela
    C. Piarowski
  
 22