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: May 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 April, 1997 Statement to Investor Certificateholders was
distributed May 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
April 1, 1997 to April 30, 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: May 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 April 1, 1997 to April 30, 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 5/20/97
Collection Period 04/01/97 - 04/30/97
Balances and Factors
Beginning Pool Balance 402,595,929.60
Beginning Invested Amount 388,919,674.66
Beginning Investor Certificate Principal Balance 383,631,952.66
Ending Pool Balance 400,459,045.86
Ending Invested Amount 384,649,650.82
Ending Investor Certificate Principal Balance 379,361,928.82
Pool Factor 0.7891832
Rates and Percentages
Certificate Rate 5.958%
Floating Allocation Percentage 96.60%
Collections
Interest Collections (net of Servicing Fee) 2,835,900.09
Total Principal Collections 15,764,367.01
Principal Collections(Net of TDA) 15,764,367.01
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 3.8303180
---------------------------------------------------------------------------------------------------------
Investor Certificate Interest 3.8303180
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 8.8828917
---------------------------------------------------------------------------------------------------------
Principal Distribution Amount 8.7787266
Investor Certificate Liquidation Loss Amount* 0.1041651
---------------------------------------------------------------------------------------------------------
Total Investor Certificate Distribution 12.7132097
---------------------------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 167,748.30
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 51,834.74
Current Period Investor Certificate Liquidation Loss Amounts 50,072.36
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 467,693.98
Accumulated Investor Certificate Liquidation Loss Amounts 453,315.55
---------------------------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 121
Principal Balance 3,214,897.21
60-89 Days Delinquent
# of Accounts 31
Principal Balance 905,335.67
90 and Greater Days Delinquent
# of Accounts 29
Principal Balance 925,507.01
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 1,128,970.82
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
</TABLE>
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Suzanne Bachman
Title: Sr. Vice President
