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: January 21, 1997
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 December, 1996 Statement to Investor Certificateholders
was distributed January 21, 1997.
Item 7 (c) Exhibits.
The following are filed as exhibits to this Report under
Exhibit 1:
Statement to Investor Certificateholders for the period from
December 1, 1996 to December 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: January 21, 1997
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
Exhibit
Number Exhibits
1 Statement to Investor Certificateholders
for the period December 1, 1996 to December 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 01/21/97
Collection Period 12/01/96 - 12/31/96
Balances and Factors
Beginning Pool Balance 420,583,135.87
Beginning Invested Amount 406,896,418.08
Beginning Investor Certificate Principal Balance 401,608,696.08
Ending Pool Balance 416,697,397.29 xv
Ending Invested Amount 402,405,715.89 xii
Ending Investor Certificate Principal Balance 397,117,993.89 xii
Pool Factor 0.8261210
Rates and Percentages
Certificate Rate 5.915% vii
Floating Allocation Percentage 96.75% i
Collections
Interest Collections (net of Servicing Fee) 3,417,576.30 ii
Total Principal Collections 14,984,809.65 ii
Principal Collections(Net of TDA) 14,984,809.65
Transfer Deposit Amounts 0.00
Servicer Advances 0.00
Policy Draw Amount 0.00 xiii
Deficiency Amount 0.00 xiii
Investor Certificate Distributions (per $1,000 certificate)
Total Investor Certificate Interest Distribution 4.3926783
Investor Certificate Interest 4.3926783 viii
Carryover Amount 0.0000000 v
Interest on Carryover Amount 0.0000000
Overdue Investor Certificate Interest 0.0000000 v
Interest on Overdue Investor Certificate Interest 0.0000000 v
Total Investor Certificate Principal Distribution 9.3419669 vii
Principal Distribution Amount 9.1900921
Investor Certificate Liquidation Loss Amount* 0.1518748 xi
Total Investor Certificate Distribution 13.7346452
Other Distributions
Servicing Fee 175,242.97
Reimbursement of previous Servicer Advances 0.00
*to be paid to Investor Certificateholders
Page 5 of 6
<PAGE>
Charge Offs, Losses, Delinquencies and REO
Current Period Charge Off Amounts 0.00 iii
Current Period Liquidation Loss Amounts 75,458.95 iii
Current Period Investor Certificate Liquidation Loss Amounts 73,006.53
Accumulated Charge Off Amounts 0.00 iii
Accumulated Liquidation Loss Amounts 226,923.92 iii
Accumulated Investor Certificate Liquidation Loss Amounts 221,167.51
30-59 Days Delinquent xvi
# of Accounts 161
Principal Balance 4,467,107.53
60-89 Days Delinquent
# of Accounts 45
Principal Balance 1,232,656.61
90 and Greater Days Delinquent
# of Accounts 34
Principal Balance 835,563.90
REO
# of Accounts 1 xvii
Principal Balance 48,017.56
Outstanding Payments/Reimbursements
Unpaid Carryover Amounts 0.00 vi
Unreimbursed Servicer Advances 0.00 xix
Unreimbursed Liquidation Loss Amount 0.00 x
Defective/Eligible Substitute Mortgage Loans
Current Period Aggregate
Defective Mortgage Loans 700,803.91
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
