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 20,1997
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 October, 1997 Statement to Investor Certificateholders
was distributed November 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
October 1, 1997 to October 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: November 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
October 1, 1997 to October 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 11/20/97
Collection Period 10/01/97 - 10/31/97
Balances and Factors
Beginning Pool Balance 370,438,791.93
Beginning Invested Amount 358,423,449.80
Beginning Investor Certificate Principal Balance 353,135,727.80
Ending Pool Balance 362,415,399.35
Ending Invested Amount 351,094,390.14
Ending Investor Certificate Principal Balance 345,806,668.14
Pool Factor 0.7193785
Rates and Percentages
Certificate Rate 5.895%
Floating Allocation Percentage 96.76%
Collections
Interest Collections (net of Servicing Fee) 3,059,880.06
Total Principal Collections 17,292,181.78
Principal Collections(Net of TDA) 17,292,181.78
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 3.7291403
- ---------------------------------------------------------------------------------------
Investor Certificate Interest 3.7291403
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 15.2465762
- ---------------------------------------------------------------------------------------
Principal Distribution Amount 15.1720044
Investor Certificate Liquidation Loss Amount* 0.0745718
- ---------------------------------------------------------------------------------------
Total Investor Certificate Distribution 18.9757165
- ---------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 154,349.50
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 37,047.15
Current Period Investor Certificate Liquidation Loss Amounts 35,846.82
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 1,066,704.24
Accumulated Investor Certificate Liquidation Loss Amounts 1,029,834.71
- ---------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 139
Principal Balance 3,368,402.46
60-89 Days Delinquent
# of Accounts 43
Principal Balance 1,087,552.72
90 and Greater Days Delinquent
# of Accounts 33
Principal Balance 1,075,200.78
REO
# of Accounts 1
Principal Balance 66,876.02
- ---------------------------------------------------------------------------------------
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 693,132.59
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Suzanne Bachman
Title: Sr. Vice President
</TABLE>
