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: November 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 October, 1996 Statement to Investor Certificateholders
was distributed November 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
October 1, 1996 to October 31, 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: November 20, 1996
Page 2 of 6
<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 3 of 6
<PAGE>
INDEX TO EXHIBITS
Sequentially
Exhibit Numbered
Number Exhibits Page
- ------ -------- ------------
1 Statement to Investor Certificateholders 05
for the period October 1, 1996 to October
31, 1996.
Page 4 of 6
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 11/20/96
Collection Period 10/01/96 - 10/31/96
Balances and Factors
Beginning Pool Balance 428,433,310.57
Beginning Invested Amount 415,879,761.31
Beginning Investor Certificate Principal Balance 410,592,039.31
Ending Pool Balance 424,410,010.13
Ending Invested Amount 411,363,248.88
Ending Investor Certificate Principal Balance 406,075,526.88
Pool Factor 0.8447552
Rates and Percentages
Certificate Rate 5.649%
Floating Allocation Percentage 97.07%
Collections
Interest Collections (net of Servicing Fee) 3,443,142.02
Total Principal Collections 15,920,663.20
Principal Collections(Net of TDA) 15,920,663.20
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 4.0209153
----------------------------------------------------------------------------------------------------------
Investor Certificate Interest 4.0209153
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 9.3956597
----------------------------------------------------------------------------------------------------------
Principal Distribution Amount 9.3956597
Investor Certificate Liquidation Loss Amount* 0.0000000
----------------------------------------------------------------------------------------------------------
Total Investor Certificate Distribution 13.4165750
----------------------------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 178,513.88
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 11/20/96
Collection Period 10/01/96 - 10/31/96
Charge Offs, Losses, Delinquencies and REO
Current Period Charge Off Amounts 0.00
Current Period Liquidation Loss Amounts 0.00
Current Period Investor Certificate Liquidation Loss Amounts 0.00
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 151,464.97
Accumulated Investor Certificate Liquidation Loss Amounts 148,160.98
---------------------------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 129
Principal Balance 3,224,569.20
60-89 Days Delinquent
# of Accounts 32
Principal Balance 783,652.38
90 and Greater Days Delinquent
# of Accounts 34
Principal Balance 857,631.24
REO
# of Accounts 1
Principal Balance 48,017.56
---------------------------------------------------------------------------------------------------------
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 780,036.36
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
</TABLE>
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Suzanne Bachman
Title: Sr. Vice President
page 6 of 6