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: June 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.
Item 5 Other Events.
The May, 1997 Statement to Investor Certificateholders was
distributed June 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
May 1, 1997 to May 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: June 20, 1997
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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)
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INDEX TO EXHIBITS
Exhibit
Number Exhibits
1 Statement to Investor Certificateholders
for the period May 1, 1997 to May 31, 1997.
<TABLE>
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
<S> <C>
Distribution Date 6/20/97
Collection Period 05/01/97 - 05/31/97
Balances and Factors
Beginning Pool Balance 400,459,045.86
Beginning Invested Amount 384,649,650.82
Beginning Investor Certificate Principal Balance 379,361,928.82
Ending Pool Balance 392,061,326.36
Ending Invested Amount 377,541,344.94
Ending Investor Certificate Principal Balance 372,253,622.94
Pool Factor 0.7743958
Rates and Percentages
Certificate Rate 5.958%
Floating Allocation Percentage 96.05%
Collections
Interest Collections (net of Servicing Fee) 3,091,395.77
Total Principal Collections 17,145,412.63
Principal Collections(Net of TDA) 17,145,412.63
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 4.0489042
----------------------------------------------------------------------------------------
Investor Certificate Interest 4.0489042
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 14.7873441
----------------------------------------------------------------------------------------
Principal Distribution Amount 13.9675968
Investor Certificate Liquidation Loss Amount* 0.8197473
----------------------------------------------------------------------------------------
Total Investor Certificate Distribution 18.8362483
----------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 166,857.94
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 410,259.41 (1)
Current Period Investor Certificate Liquidation Loss Amounts 394,054.16 (1)
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 877,953.39
Accumulated Investor Certificate Liquidation Loss Amounts 847,369.71
----------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 125
Principal Balance 3,425,215.60
60-89 Days Delinquent
# of Accounts 28
Principal Balance 703,548.84
90 and Greater Days Delinquent
# of Accounts 23
Principal Balance 688,537.29
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 1,273,208.37
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Suzanne Bachman
Title: Sr. Vice President
(1) Increased Liquidation Loss Amount reflects a one-time change in Charge-off Policy.
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