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: December 20, 1996
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
Virginia 33-97660 54-1088621
(State or other jurisdiction (Commission (IRS Employer
of 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 November, 1996 Statement to Investor Certificateholders was
distributed December 20, 1996.
Item 7 (c) Exhibits.
The following are filed as exhibits to this Report under Exhibit
20:
Statement to Investor Certificateholders for the period from
November 1, 1996 to November 30, 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: December 20, 1996
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
<TABLE>
<CAPTION>
<S> <C>
Sequentially
Exhibit Numbered
Number Exhibits Page
- ------ -------- ------------
1 Statement to Investor Certificateholders 05
for the period November 1, 1996 to November 30, 1996.
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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>
<CAPTION>
<S> <C>
Distribution Date 12/20/96
Collection Period 11/01/96 - 11/30/96
Balances and Factors
Beginning Pool Balance 424,410,010.13
Beginning Invested Amount 411,363,248.88
Beginning Investor Certificate Principal Balance 406,075,526.88
Ending Pool Balance 420,583,135.87
Ending Invested Amount 406,896,418.08
Ending Investor Certificate Principal Balance 401,608,696.08
Pool Factor 0.8354629
Rates and Percentages
Certificate Rate 5.645%
Floating Allocation Percentage 96.93%
Collections
Interest Collections (net of Servicing Fee) 3,118,382.48
Total Principal Collections 14,465,214.79
Principal Collections(Net of TDA) 14,465,214.79
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 3.9738693
- -------------------------------------------------------------------------------------------
Investor Certificate Interest 3.9738693
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 9.2923075
- -------------------------------------------------------------------------------------------
Principal Distribution Amount 9.2923075
Investor Certificate Liquidation Loss Amount* 0.0000000
- -------------------------------------------------------------------------------------------
Total Investor Certificate Distribution 13.2661768
- -------------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 176,837.50
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
Current Period Liquidation Loss Amounts 0.00
Current Period Investor Certificate Liquidation Loss Amounts 0.00
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 151,464.97
Accumulated Investor Certificate Liquidation Loss Amounts 148,160.98
- -------------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 209
Principal Balance 5,217,236.92
60-89 Days Delinquent
# of Accounts 30
Principal Balance 748,015.10
90 and Greater Days Delinquent
# of Accounts 40
Principal Balance 998,382.90
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 477,822.55
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Suzanne Bachman
Title: Sr. Vice President
</TABLE>
page 6 of 6
