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: July 22, 1996
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
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<S> <C>
Virginia 33-97660 54-1088621
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
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<S> <C>
7 North Eighth Street, Richmond, Virginia 23219
(Address of principal executive offices) (Zip Code)
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(Registrant's telephone number, including area code):
(804) 771-7814
The exhibit index is located on page 4.
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Item 5 Other Events.
The June, 1996 Statement to Investor Certificateholders was
distributed July 22, 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
June 1, 1996 to June 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: July 22, 1996
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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 June 1, 1996 to June 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
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<CAPTION>
Distribution Date 7/22/96
Collection Period 06/01/96 - 06/30/96
<S> <C>
Balances and Factors
Beginning Pool Balance 447,346,567.47
Beginning Invested Amount 438,399,636.12
Beginning Investor Certificate Principal Balance 433,111,914.12
Ending Pool Balance 440,781,553.30
Ending Invested Amount 431,965,922.23
Ending Investor Certificate Principal Balance 426,678,200.23
Pool Factor 0.8876148
Rates and Percentages
Certificate Rate 5.720%
Floating Allocation Percentage 98.00%
Collections
Interest Collections (net of Servicing Fee) 3,211,300.94
Total Principal Collections 19,054,399.79
Principal Collections(Net of TDA) 17,627,762.58
Transfer Deposit Amounts 1,426,637.21
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 4.5810782
- ----------------------------------------------------------------------------------------
Investor Certificate Interest 4.5810782
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 13.3839965
- ----------------------------------------------------------------------------------------
Principal Distribution Amount 13.3188547
Investor Certificate Liquidation Loss Amount* 0.0651418
- ----------------------------------------------------------------------------------------
Total Investor Certificate Distribution 17.9650747
- ----------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 186,394.40
Reimbursement of previous Servicer Advances 0.00
Charge Offs, Losses, Delinquencies and REO
Current Period Charge Off Amounts 0.00
Current Period Liquidation Loss Amounts 31,952.88
Current Period Investor Certificate Liquidation Loss Amounts 31,313.82
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 119,291.93
Accumulated Investor Certificate Liquidation Loss Amounts 116,631.40
- ----------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 101
Principal Balance 2,780,463.09
60-89 Days Delinquent
# of Accounts 17
Principal Balance 437,702.08
90 and Greater Days Delinquent
# of Accounts 13
Principal Balance 420,721.17
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 1,557,298.43
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
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*to be paid to Investor Certificateholders
Signet Bank, as Seller and Servicer
Signed___/s/ Suzanne Bachman_____
Name: Suzanne Bachman
Title: Sr. Vice President
