<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 17, 1997
Boatmen's Auto Trust 1995-A
---------------------------
(Exact name of registrant as specified in its charter)
United States
of America 33-95450 43-6617959
-------------------- ------------- ---------------
(State or other (Commission File (IRS employer
Jurisdiction of Number) Identification No.)
Incorporation
Boatmen's Auto Trust 1995-A
Transamerica Square
NC1-021-03-07
401 North Tryon Street
Charlotte, North Carolina 28255
(704) 386-5000
(Address of principal executive offices)
----------------------------------------
Registrant's telephone number including area code: (704) 386-5000
<PAGE>
Item 5. Other Events
------------
The Registrant hereby incorporates by reference the information
contained in Exhibit 99 hereto in response to this Item 5.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
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(c) Exhibits
99 Monthly Servicing Report for The Boatmen's National Bank of St. Louis
Boatmen's Auto Trust 1995-A
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BOATMEN'S AUTO TRUST 1995-A
-----------------------------
(Registrant)
Dated: March 26, 1997 By: Richard E. Grimmer
Name: Richard E. Grimmer
Title: Senior Vice President & Controller
The Boatmen's National Bank of St. Louis
(Duly Authorized Officer)
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INDEX TO EXHIBITS
-----------------
Exhibit
Number Exhibit
- ------- -------
99 Monthly Servicing Report for The Boatmen's National Bank of St. Louis
Boatmen's Auto Trust 1995-A
<PAGE> Exhibit 99
A. ORIGINAL DEAL PARAMETER INPUTS
-------------------------------
(A) Total Portfolio Balance $303,441,223.00
(B) Class A-1 Notes
(i) Class A-1 Notes Percentage 28.11%
(ii) Class A-1 Notes Balance $85,300,000.00
(iii) Class A-1 Notes Rate 5.7725%
(C) Class A-2 Notes
(i) Class A-2 Notes Percentage 34.41%
(ii) Class A-2 Notes Balance $104,427,000.00
(iii) Class A-2 Notes Rate 5.90%
(D) Class A-3 Notes
(i) Class A-3 Notes Percentage 33.47%
(ii) Class A-3 Notes Balance $101,576,574.00
(iii) Class A-3 Notes Rate 6.10%
(E) Class B Certificates
(i) Class B Certificates Percentage 4.00%
(ii) Class B Certificates Balance $12,137,649.00
(iii) Class B Certificates Rate 6.35%
(F) Servicing Fee Rate 1.00%
(G) Weighted Average Coupon (WAC) 8.51%
(H) Weighted Average Original Maturity (WAOM) 54.09 months
(I) Weighted Average Remaining Maturity (WAM) 42.79 months
(J) Number of Receivables 32,378
(K) Reserve Account
(i) Reserve Account Initial Deposit Percentage 2.00%
(ii) Reserve Account Initial Deposit $6,068,825.00
(iii) Specified Reserve Account Balance (K(iii)(c) if
1.25% loss and delinq triggers hit - otherwise
greater of K(iii)(a or b))
(a) Percent of Initial Pool Balance 2.00%
(b) Percent of Remaining Pool Balance 3.25%
(c) Trigger Percent of Remaining Pool Balance 6.00%
B. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A) Total Portfolio Balance $126,520,857.42
(B) Total Note and Certificate Pool Factor 0.4169534
(C) Class A-1 Notes
(i) Class A-1 Notes Balance $0.00
(ii) Class A-1 Notes Pool Factor 0.0000000
(D) Class A-2 Notes
(i) Class A-2 Notes Balance $12,806,634.42
(ii) Class A-2 Notes Pool Factor 0.1226372
(E) Class A-3 Notes
(i) Class A-3 Notes Balance $101,576,574.00
(ii) Class A-3 Notes Pool Factor 1.0000000
(F) Class B Certificates
(i) Class B Certificates Balance $12,137,649.00
(ii) Class B Certificates Pool Factor 1.0000000
(G) Reserve Account Balance $6,068,824.46
(H) Cumulative Net Losses for All Prior Periods $1,382,519.14
(I) Net Loss Ratio for Second Preceding Period 0.84%
(J) Net Loss Ratio for Preceding Period 1.45%
(K) Delinquency Ratio for Second Preceding Period 0.69%
(L) Delinquency Ratio for Preceding Period 0.71%
(M) Weighted Average Coupon (WAC) 8.55%
(N) Weighted Average Remaining Maturity (WAM) 29.97 months
(O) Number of Receivables 20,222
C. INPUTS FROM THE MAINFRAME
(A) Simple Interest Receivables Principal
(i) Principal Collections $7,209,077.49
(ii) Prepayments in Full 0.00
(iii) Repurchased Loan Proceeds Related to Principal 0.00
(iv) Other Refunds Related to Principal 0.00
(B) Simple Interest Receivables Interest
(i) Interest Collections 872,568.43
(ii) Repurchased Loan Proceeds Related to Interest 0.00
(C) Weighted Average Coupon (WAC) 8.55%
(D) Weighted Average Remaining Maturity (WAM) 29.31 months
(E) Remaining Number of Receivables 19,470
(F) Delinquent Receivables
Dollar Amount # Units
------------- --------
(i) 30-59 Days Delinquent 2,128,396 1.79% 309 1.59%
(ii) 60-89 Days Delinquent 463,357 0.39% 75 0.39%
(iii) 90 Days or More Delinquent 275,775 0.23% 39 0.20%
(G) Repossessions Dollar Amount # Units
------------- --------
176,389 0.15% 20 0.10%
D. INPUTS DERIVED FROM OTHER SOURCES
(A) Reserve Account Investment Income $24,492.26
(B) Aggregate Net Losses before Liquidation Proceeds and
Recoveries for Collection Period 106,553.81
(C) Liquidated Receivables Information
(i) Liquidation Proceeds Related to Principal 0.00
(ii) Liquidation Proceeds Related to Interest 0.00
(iii) Recoveries on Previously Liquidated Contracts 39,440.44
(D) Aggregate Net Losses for Collection Period 67,113.37
(E) Actual Number of Days in Interest Period 27.00
I. COLLECTIONS
Interest:
(A) Interest Collections $872,568.43
(B) Liquidation Proceeds Related to Interest 0.00
(C) Repurchased Loan Proceeds Related to Interest 0.00
(D) Recoveries from Prior Month Charge Offs 39,440.44
(E) Investment Earnings from the Reserve Account 24,492.26
(F) Total Interest Collections 936,501.13
Principal:
(G) Principal Payments Received $7,209,077.49
(H) Liquidation Proceeds Related to Principal 0.00
(I) Repurchased Loan Proceeds Related to Principal 0.00
(J) Other Refunds Related to Principal 0.00
(K) Total Principal Collections 7,209,077.49
(L) Total Collections $8,145,578.62
II. DISTRIBUTIONS Per $1,000 of
Original Balance
-----------------
(A) Total Interest Collections $936,501.13
(B) Servicing Fee $105,434.05 0.35
Interest Per $1,000 of
(C) Class A-1 Notes Monthly Interest Original Balance
----------------
(i) Class A-1 Notes Monthly Interest Due 0.00 0
(ii) Class A-1 Notes Monthly Interest Paid
(after reserve fund draw) 0.00 0
(iii) Class A-1 Notes Monthly Interest Shortfall
(after reserve fund draw) $0.00 0
(D) Class A-2 Notes Monthly Interest
(i) Class A-2 Notes Monthly Interest Due $62,965.95 0.602966211
(ii) Class A-2 Notes Monthly Interest Paid
(after reserve fund draw) 62,965.95 0.602966211
----------
(iii) Class A-2 Notes Monthly Interest Shortfall
(after reserve fund draw) $0.00 0
(E) Class A-3 Notes Monthly Interest
(i) Class A-3 Notes Monthly Interest Due $516,347.58 5.083333333
(ii) Class A-3 Notes Monthly Interest Paid
(after reserve fund draw) 516,347.58 5.083333333
-----------
(iii) Class A-3 Notes Monthly Interest Shortfall
(after reserve fund draw) $0.00 0
(F) Class B Certificates Monthly Interest
(i) Class B Certificates Monthly Interest Due $64,228.39 5.291666667
(ii) Class B Certificates Monthly Interest Paid
(after reserve fund draw) 64,228.39 5.291666667
----------
(iii) Class B Certificates Monthly Interest
Shortfall (after reserve fund draw) $0.00 0
(G) Total Note and Certificate Interest Paid
(after reserve fund draw) $643,541.93
(H) Excess Interest $187,525.15
Principal
(I) Total Principal Collections $7,209,077.49
(J) Draw on Reserve Fund for realized losses 106,553.81
(K) Total Amount Available for Principal
Distribution $7,315,631.30 Per $1,000 of
Original Balance
-----------------
(L) Class A-1 Notes Monthly Principal
(i) Class A-1 Notes Monthly Principal Due 0.00 0
(ii) Class A-1 Notes Monthly Principal Paid
(after reserve fund draw) 0.00 0
-----
(iii) Class A-1 Notes Monthly Principal Shortfall
(after reserve fund draw) 0.00 0
(M) Class A-2 Notes Monthly Principal
(i) Class A-2 Notes Monthly Principal Due 7,315,631.30 70.05497908
(ii) Class A-2 Notes Monthly Principal Paid
(after reserve fund draw) 7,315,631.30 70.05497908
-------------
(iii) Class A-2 Notes Monthly Principal Shortfall
(after reserve fund draw) 0.00 0
(N) Class A-3 Notes Monthly Principal
(i) Class A-3 Notes Monthly Principal Due 0.00 0
(ii) Class A-3 Notes Monthly Principal Paid
(after reserve fund draw) 0.00 0
-----
(iii) Class A-3 Notes Monthly Principal Shortfall
(after reserve fund draw) 0.00 0
(O) Class B Certificates Monthly Principal
(i) Class B Certificates Monthly Principal Due 0.00 0
(ii) Class B Certificates Monthly Principal Paid
(after reserve fund draw) 0.00 0
-------
(iii) Class B Certificates Monthly Principal Shortfall
(after reserve fund draw) 0.00 0
(P) Total Note and Certificate Principal Paid 7,315,631.30
(Q) Total Distributions 8,064,607.28
(R) Excess Servicing Releases from Reserve
Account to Servicer 80,971.34
(S) Amount of Draw from Reserve Account 106,553.81
(T) Draw from Reserve Account plus Total
Available Amount 8,252,132.43
III. POOL BALANCES AND PORTFOLIO INFORMATION
Beginning End
of Period of Period
-------------------------------
(A) Balances and Principal Factors
(i) Total Portfolio Balance $126,520,857.42 $119,205,226.12
(ii) Total Note and Certificate Pool Factor 0.4169534 0.3928445
(iii) Class A-1 Notes Balance 0.00 0.00
(iv) Class A-1 Notes Pool Factor 0.0000000 0.0000000
(v) Class A-2 Notes Balance 12,806,634.42 5,491,003.12
(vi) Class A-2 Notes Pool Factor 0.1226372 0.0525822
(vii) Class A-3 Notes Balance 101,576,574.00 101,576,574.00
(viii) Class A-3 Notes Pool Factor 1.0000000 1.0000000
(ix) Class B Certificates Balance 12,137,649.00 12,137,649.00
(x) Class B Certificate Pool Factor 1.0000000 1.0000000
(B) Portfolio Information
(i) Weighted Average Coupon (WAC) 8.55% 8.55%
(ii) Weighted Average Remaining Maturity (WAM) 29.97 months 29.31 months
(iii) Remaining Number of Receivables 20,222 19,470
(iv) Portfolio Receivable Balance $126,520,857.42 $119,205,226.12
IV. RECONCILIATION OF RESERVE ACCOUNT
(A) Beginning Reserve Account Balance $6,068,824.46
(B) Draw for Realized losses 106,553.81
(C) Draw for Servicing Fee 0.00
(D) Draw for Class A-1 Notes Interest Amount 0.00
(E) Draw for Class A-2 Notes Interest Amount 0.00
(F) Draw for Class A-3 Notes Interest Amount 0.00
(G) Draw for Class B Certificates Interest Amount 0.00
(H) Total Draw for Losses, Servicing, Notes and Certificates 106,553.81
(I) Excess Interest 187,525.15
(J) Reserve Account Balance Prior to Release 6,149,795.80
(K) Reserve Account Required Amount 6,068,824.46
(L) Final Reserve Account Required Amount 6,068,824.46
(M) Reserve Account Release to Servicer 80,971.34
(N) Ending Reserve Account Balance 6,068,824.46
V. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
(A) Aggregate Net Losses before Liquidation Proceeds and Recoveries for
Collection Period $106,553.81
(B) Liquidated Contracts
(i) Liquidation Proceeds Related to Principal 0.00
(ii) Liquidation Proceeds Related to Interest 0.00
(iii) Recoveries on Previously Liquidated Contracts 39,440.44
(C) Aggregate Net Losses for Collection Period 67,113.37
(D) Net Loss Ratio for Collection Period (annualized) 0.66%
(E) Cumulative Net Losses for all Periods 1,449,632.51
(F) Delinquent Receivables
Dollar Amount # Units
------------- ---------
(i) 30-59 Days Delinquent 2,128,396 1.79% 309 1.59%
(ii) 60-89 Days Delinquent 463,357 0.39% 75 0.39%
(iii) 90 Days or More Delinquent 275,775 0.23% 39 0.20%
(G) Repossessions
Dollar Amount # Units
-------------- --------
176,389 0.15% 20 0.10%
VI. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE
(A) Ratio of Net Losses to the Average Pool Balance
(i) Second Preceding Collection Period 0.84%
(ii) Preceding Collection Period 1.45%
(iii) Current Collection Period 0.66%
(iv) Three Month Average (Avg(i,ii,iii)) 0.98%
(B) Ratio of Balance of Contracts Delinquent 60 Days or More to
the Outstanding Balance of Receivables.
(i) Second Preceding Collection Period 0.69%
(ii) Preceding Collection Period 0.71%
(iii) Current Collection Period 0.62%
(iv) Three Month Average (Avg(i,ii,iii)) 0.67%
(C) Loss and Delinquency Trigger Indicator Trigger was not hit
The undersigned officers of The Boatmen's National Bank of St. Louis, as
servicer, pursuant to the Sale and Servicing Agreement hereby certify to the
best of their knowledge and belief that the above information is true and
correct.
By: /s/ Richard E. Grimmer By: /s/ James D. Rudolphi
----------------------- ----------------------
Name: Richard E. Grimmer Name: James D. Rudolphi
Senior Vice President and Controller Vice President
