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, 1998
SIGNET HELOC TRUST 1995-A
(Exact name of registrant as specified in its charter)
Delaware 33-97660 56-0900030
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
301 South College St., Charlotte, North Carolina 28288-1075
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code):
(704) 374-2265
The exhibit index is located on page 4.
<PAGE>
Item 5 Other Events.
The January, 1998 Statement to Investor Certificateholders
was distributed February 20, 1998.
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, 1998 to January 31, 1998.
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: FIRST UNION NATIONAL BANK
By: /s/ Mary Whittaker
--------------------------------
Mary Whittaker
Vice President
Date: February 20, 1998
<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, 1998 to January 31, 1998.
<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 2/20/98
Collection Period 1/1/98 - 1/31/98
Balances and Factors
Beginning Pool Balance 347,939,184.84
Beginning Invested Amount 338,127,114.86
Beginning Investor Certificate Principal Balance 332,839,392.86
Ending Pool Balance 341,327,529.39
Ending Invested Amount 331,955,464.49
Ending Investor Certificate Principal Balance 326,667,742.49
Pool Factor 0.6795639
Rates and Percentages
Certificate Rate 5.887%
Floating Allocation Percentage 97.18%
Collections
Interest Collections (net of Servicing Fee) 2,705,458.48
Total Principal Collections 15,463,635.77
Principal Collections(Net of TDA) 15,463,635.77
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 3.5100396
- ----------------------------------------------------------------------------------------------------------
Investor Certificate Interest 3.5100396
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 12.8388281
- ----------------------------------------------------------------------------------------------------------
Principal Distribution Amount 12.7543038
Investor Certificate Liquidation Loss Amount* 0.0845243
- ----------------------------------------------------------------------------------------------------------
Total Investor Certificate Distribution 16.3488677
- ----------------------------------------------------------------------------------------------------------
Other Distributions
Servicing Fee 144,974.66
Reimbursement of previous Servicer Advances 0.00
Charge Offs, Losses, Delinquencies and REO
Current Period Charge Off Amounts 0.00
Current Period Liquidation Loss Amounts 41,810.05
Current Period Investor Certificate Liquidation Loss Amounts 40,631.01
Accumulated Charge Off Amounts 0.00
Accumulated Liquidation Loss Amounts 1,172,396.53
Accumulated Investor Certificate Liquidation Loss Amounts 1,132,388.53
- ----------------------------------------------------------------------------------------------------------
30-59 Days Delinquent
# of Accounts 155
Principal Balance 4,043,108.08
60-89 Days Delinquent
# of Accounts 42
Principal Balance 1,198,006.50
90 and Greater Days Delinquent
# of Accounts 43
Principal Balance 1,185,393.39
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 438,826.04
Current Period Aggregate
Eligible Substitute Mortgage Loans 0.00
</TABLE>
*to be paid to Investor Certificateholders
First Union National Bank, as Successor to
Signet Bank, as Seller and Servicer
Signed___________________________
Name: Mary Therese Whittaker
Title: Vice President
