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: February 20, 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) 771-7060
The exhibit index is located on page 4.
<PAGE>
Item 5 Other Events.
The January, 1997 Statement to Investor Certificateholders
was distributed February 20, 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
January 1, 1997 to January 31, 1997.
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: February 20, 1997
<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
Exhibit
Number Exhibits
1 Statement to Investor Certificateholders
for the period January 1, 1997 to January 31, 1997.
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 2/20/97
Collection Period 01/01/97 - 01/31/97
Balances and Factors
Beginning Pool Balance 416,697,397.29
Beginning Invested Amount 402,405,715.89
Beginning Investor Certificate Principal Balance 397,117,993.89
Ending Pool Balance 413,722,568.43
Ending Invested Amount 398,012,601.35
Ending Investor Certificate Principal Balance 392,724,879.35
Pool Factor 0.8169820
Rates and Percentages
Certificate Rate 5.716%
Floating Allocation Percentage 96.57%
Collections
Interest Collections (net of Servicing Fee) 3,229,268.60
Total Principal Collections 15,309,648.05
Principal Collections(Net of TDA) 15,309,648.05
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 3.9350894
---------------------------------------------------------------------------------------
Investor Certificate Interest 3.9350894
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 9.1389562
-------------------------------------------------------------------------------------
Principal Distribution Amount 9.0873304
Investor Certificate Liquidation Loss Amount* 0.0516258
---------------------------------------------------------------------------------------
Total Investor Certificate Distribution 13.0740456
---------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 173,623.92
Reimbursement of previous Servicer Advances 0.00
*to be paid to Investor Certificateholders
Charge Offs, Losses, Delinquencies and REO
Current Period Charge Off Amounts 0.00
Current Period Liquidation Loss Amounts 25,698.05
Current Period Investor Certificate Liquidation Loss Amounts 24,816.61
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 252,621.97
Accumulated Investor Certificate Liquidation Loss Amounts 245,984.12
---------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 178
Principal Balance 4,725,088.20
60-89 Days Delinquent
# of Accounts 32
Principal Balance 822,395.67
90 and Greater Days Delinquent
# of Accounts 39
Principal Balance 1,029,609.95
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 889,276.08
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
</TABLE>
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Suzanne Bachman
Title: Sr. Vice President
