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
Date of Report: May 20, 1996
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
Virginia 33-97660 54-1088621
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
7 North Eighth Street, Richmond, Virginia 23219
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code):
(804) 771-7814
The exhibit index is located on page 4.
<PAGE>
ITEM 5 OTHER EVENTS.
The March, 1996 Statement to Investor Certificateholders was
distributed May 20, 1996.
ITEM 7 (C) EXHIBITS.
The following are filed as exhibits to this Report under
Exhibit 20:
Statement to Investor Certificateholders for the period from
April 1, 1996 to April 30, 1996.
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 hereunto duly authorized.
SIGNET HELOC TRUST 1995-A
By: SIGNET BANK
By: /s/ SUZANNE BACHMAN
Suzanne Bachman
Senior Vice President
Date: May 20, 1996
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBITS
TO
FORM 8-K
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
<PAGE>
INDEX TO EXHIBITS
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
1 Statement to Investor Certificateholders 05
for the period April 1, 1996 to April 30, 1996.
STATEMENT TO INVESTOR CERTIFICATEHOLDERS
FOR SIGNET HELOC TRUST 1995-A
HOME EQUITY LOAN ASSET BACKED CERTIFICATES, SERIES 1995-A
POOLING AND SERVICING AGREEMENT DATED DECEMBER 06, 1995
<TABLE>
<S> <C>
DISTRIBUTION DATE 5/20/96
COLLECTION PERIOD 04/01/96 - 04/30/96
BALANCES AND FACTORS
Beginning Pool Balance 462,760,203.42
Beginning Invested Amount 452,798,549.23
Beginning Investor Certificate Principal Balance 447,510,827.23
Ending Pool Balance 457,870,229.33
Ending Invested Amount 447,856,927.57
Ending Investor Certificate Principal Balance 442,569,205.57
Pool Factor 0.9206727
RATES AND PERCENTAGES
Certificate Rate 5.716%
Floating Allocation Percentage 97.85%
COLLECTIONS
Interest Collections (net of Servicing Fee) 3,448,311.82
Total Principal Collections 21,557,044.19
Principal Collections(Net of TDA) 21,557,044.19
Transfer Deposit Amounts 0.00
Servicer Advances 0.00
Policy Draw Amount 0.00
Deficiency Amount 0.00
INVESTOR CERTIFICATE DISTRIBUTIONS (PER $1,000 CERTIFICATE)
- --------------------------------------------------------------------------------------
TOTAL INVESTOR CERTIFICATE INTEREST DISTRIBUTION 4.1388088
- --------------------------------------------------------------------------------------
Investor Certificate Interest 4.1388088
Carryover Amount 0.0000000
Interest on Carryover Amount 0.0000000
Overdue Investor Certificate Interest 0.0000000
Interest on Overdue Investor Certificate Interest 0.0000000
- --------------------------------------------------------------------------------------
TOTAL INVESTOR CERTIFICATE PRINCIPAL DISTRIBUTION 10.2800106
- --------------------------------------------------------------------------------------
Principal Distribution Amount 10.2404798
Investor Certificate Liquidation Loss Amount* 0.0395308
- --------------------------------------------------------------------------------------
TOTAL INVESTOR CERTIFICATE DISTRIBUTION 14.4188194
- --------------------------------------------------------------------------------------
OTHER DISTRIBUTIONS
Servicing Fee 192,816.75
Reimbursement of previous Servicer Advances 0.00
</TABLE>
*to be paid to Investor Certificateholders
page 5 of 6
<PAGE>
STATEMENT TO INVESTOR CERTIFICATEHOLDERS
FOR SIGNET HELOC TRUST 1995-A
HOME EQUITY LOAN ASSET BACKED CERTIFICATES, SERIES 1995-A
POOLING AND SERVICING AGREEMENT DATED DECEMBER 06, 1995
<TABLE>
<S> <C>
DISTRIBUTION DATE 5/20/96
COLLECTION PERIOD 04/01/96 - 04/30/96
CHARGE OFFS, LOSSES, DELINQUENCIES AND REO
Current Period Charge Off Amounts 0.00
Current Period Liquidation Loss Amounts 19,420.09
Current Period Investor Certificate Liquidation Loss Amounts 19,002.56
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 50,908.19
Accumulated Investor Certificate Liquidation Loss Amounts 49,684.56
- --------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 81
Principal Balance 2,179,287.72
60-89 Days Delinquent
# of Accounts 4
Principal Balance 75,964.69
90 and Greater Days Delinquent
# of Accounts 16
Principal Balance 475,236.52
REO
# of Accounts 0
Principal Balance 0.00
- --------------------------------------------------------------------------------------
OUTSTANDING PAYMENTS/REIMBURSEMENTS
Unpaid Carryover Amounts 0.00
Unreimbursed Servicer Advances 0.00
Unreimbursed Liquidation Loss Amount 0.00
DEFECTIVE/ELIGIBLE SUBSTITUTE MORTGAGE LOANS
Current Period Aggregate
Defective Mortgage Loans 550,048.23
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
</TABLE>
SIGNET BANK, AS SELLER AND SERVICER
Signed: /s/ Suzanne Bachman
Name: Suzanne Bachman
Title: Sr. Vice President
page 6 of 6
