NORWEST AUTO RECEIVABLES CORP
8-K, 1997-07-30
FINANCE SERVICES
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                       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 :  July 15, 1997
(Date of earliest event reported)


                     Norwest Auto Receivables Corporation,
                           Norwest Auto Trust 1996-A
             (Exact name of registrant as specified in its charter)

Delaware                        333-07981              51-0378359
(State or other                 (Commission            (I.R.S. Employer
jurisdiction of incorporation)  File Number)           Identification No.)



c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland                                                   21703
(Address of principal executive offices)                         (Zip Code)


(301) 696-7900
Registrant's Full Telephone Number



ITEM 5.  Other Events

On July 15, 1997 a distribution  was made to holders of Norwest Auto Receivables
Corporation, Norwest Auto Trust 1996-A

ITEM 7.  Financial Statements and Exhibits

     (c) Exhibits

     Item 601(a) of
     Regulation S-K
     Exhibit Number                       Description


     EX-99.1      Monthly report distributed to holders of Norwest Auto Trust
                  1996-A, relating to the July 15, 1997 distribution

                                   SIGNATURES

     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.

                     Norwest Auto Receivables Corporation,
                           Norwest Auto Trust 1996-A


                       By:  Norwest Auto Receivables Corporation
                            Registrant
                   Signed:  /s/ Jerome W. Fons, III
                     Name:  Jerome W. Fons, III
                    Title:  Vice President
                     Date:  July 28, 1997

                                 INDEX TO EXHIBITS



Exhibit Number                       Description

EX-99.1      Monthly report distributed to holders of Norwest Auto Trust
             1996-A relating to the July 15, 1997, distribution

EX-99.2      Monthly distributions statement to holders of Norwest Auto
             Trust 1996-A relating to the July 15, 1997, distribution

EX-99.3      Monthly  payment  per  security  denomination  report to holders of
             Norwest  Auto  Trust   1996-A   relating  to  the  July  15,  1997,
             distribution





                               NORWEST AUTO TRUST
                                      96-A
                              Servicer Certificate


Distribution Date:                                    7/15/97
Collection Period:                                6/1/97 - 6/30/97
Deposit Date:                                         7/14/97
Determination Date:                                   7/11/97
Transfer Date:                                        7/11/97

This Certificate is delivered  pursuant to Section 4.9 of the Sale and Servicing
Agreement,  dated as of November  13, 1996,  among  Norwest Auto Trust 1996-A as
Issuer,  Norwest  Auto  Receivables  Corporation,  as Seller,  and Norwest  Bank
Minnesota, N.A. as Servicer.

Norwest Bank Minnesota, N.A. as Servicer under the Sale and Servicing Agreement,
hereby  certifies  that the  following  information  is true and correct for the
Distribution Date and the Collection Period set forth above.

<TABLE>
<CAPTION>

I. Collection Account Summary

           A.Available Funds:
<S>                                                                                                           <C>    
 
              Available Interest                                                                              6,215,951.43
               Available Principal                                                                           40,123,996.62
               Reserve Account Transfer Amount                                                                        0.00
               Certificate Interest Shortfall Amount                                                                  0.00
                                                                                                      ---------------------

             Total Available Funds                                                                           46,339,948.05
                                                                                                      =====================

           B.Amounts Payable on Distribution Date:
               Reimbursement of prior Servicer Advances                                                               0.00
               Basic Servicing Fee                                                                              629,192.33
               Noteholders' Interest Distributable Amount                                                     3,513,059.65
               Noteholders' Principal Distributable Amount                                                   41,034,133.52
               Certificateholders' Interest Distributable Amount                                                181,681.78
               Certificateholders' Principal Distributable Amount                                                     0.00
               Deposits to Reserve Fund                                                                         981,880.77
                                                                                                      ---------------------

             Total Amounts Payable on Distribution Date                                                      46,339,948.05
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

II. Collected Funds

             Available Interest
<S>                                                                                         <C>         
                Interest Collections                                                                          6,215,951.43
               Advances made by Servicer less outstanding
                 advances reimbursed                                                                                  0.00
                                                                                                      ---------------------
                                                                                                              6,215,951.43

             Available Principal
               Scheduled Principal                                                                           22,810,362.93
               Prepaid Principal                                                                             17,260,208.78
               Net Liquidation Proceeds                                                                               0.00
               Repurchase Amount allocable to principal                                                          53,424.91
               Forced Placed Insurance Advances                                                                       0.00
                                                                                                      ---------------------
                                                                                                             40,123,996.62
                                                                                                      ---------------------
             Total Collected Funds                                                                           46,339,948.05
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

III.  Liquidation Proceeds
               Gross amount received with respect to liquidated
<S>                                                                                                                <C> 
                  Receivables before becoming Defaulted Receivable                                                    0.00

               less: the related out of pocket expenses paid by or on
               behalf of the Servicer to third parties in connections with
               liquidation                                                                                            0.00
                                                                                                      ---------------------

             Net Liquidation Proceeds                                                                                 0.00
                                                                                                      =====================


III. Calculation of Advances

             Current Month Servicer Advance                                                                           0.00
             Reimbursement of Prior Month's Servicer Advance                                                          0.00
                                                                                                      ---------------------

             Net Servicer Advance                                                                                     0.00
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

IV. Calculation of Principal Distribution Amount

<S>                                                                                                        <C>          
             Available Principal                                                                             40,123,996.62
             Charged Off Balances                                                                               910,136.90
                                                                                                      ---------------------

             Total Principal Distribution Amount                                                             41,034,133.52
                                                                                                      =====================


V. Calculation of Servicing Fees
             Pool Balance as of the first day of the
                    Collection Period                                                                       755,030,794.00

             Servicing Fee Rate                                                                                        .0008333
                                                                                                      ---------------------

             Servicing Fee                                                                                      629,192.33
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>


VI. Purchases

             Receivables purchased during Collection Period
             Loan Number                  Receivable Balance
             -----------                  ------------------
             <S>                                 <C>      
              3088715408                          14,069.15
              8855206916                           7,747.21
              8803500014                           2,494.04
              8855202733                           9,792.52
              3970205633                           4,444.14
              3970479941                           9,681.80
              3970393443                           1,511.11
              1540040999                           3,684.94
                                              --------------
                                                  53,424.91
</TABLE>
<TABLE>
<CAPTION>

VII. Additional Receivables Information

<S>                                                                                                         <C>           
             Beginning Pool Balance                                                                         755,030,794.00
             Ending Pool Balance                                                                            713,996,660.48

             Beginning Number of Receivables                                                                        98,851
             Number of Receivable Payoffs/Defaulted Receivables/Repurchases                                          3,050
             Ending Number of Receivables                                                                           95,801

             Initial Weighted Average of Remaining Term                                                              42.77
             Current Weighted Average of Remaining Term                                                              36.51

             Initial Weighted Average Contract Rate                                                                   9.79%
             Current Weighted Average Contract Rate                                                                   9.79%
</TABLE>
<TABLE>
<CAPTION>

PERFORMANCE INFORMATION

VIII. Delinquency Ratio

             Principal Balance of Receivables 60 or more
<S>                                                                                                           <C>         
             days delinquent                                                                                  5,563,393.28

             Pool Balance as of the end of the
              Collection Period                                                                             713,996,660.48

             Delinquency Ratio                                                                                        0.78%
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

IX. Average Delinquency Ratio

<S>                                                                                                                   <C>  
             Delinquency Ratio - Current Collection Period                                                            0.78%

             Delinquency Ratio - preceding Collection Period                                                          0.67%

             Delinquency Ratio - second preceding Collection Period                                                   0.65%
                                                                                                      ---------------------

             Average Delinquency Ratio                                                                                0.70%
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

X. Aggregate Net Loss

<S>                                                                                                             <C>       
             Principal charged off during Collection Period                                                     910,136.90

             less:  Recoveries of previously Defaulted Receivables
               received during Collection Period                                                                 42,645.38
                                                                                                      ---------------------

             Net Loss for Collection Period                                                                     867,491.52
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

XI. Net Loss Ratio

<S>                                                                                                              <C>       
             Aggregate Net Losses for Collection Period                                                          867,491.52

             Average Pool Balance for Collection Period                                                      734,513,727.24

             Net Loss Ratio                                                                                            0.12%
                                                                                                       =====================
</TABLE>
<TABLE>
<CAPTION>

XII. Average Net Loss Ratio

<S>                                                                                                                  <C>  
             Net Loss Ratio - current Collection Period                                                              0.12%

             Net Loss Ratio - preceding Collection Period                                                            0.04%

             Net Loss Ratio - second preceding Collection Period                                                     0.03%
                                                                                                      ---------------------

             Average Net Loss Ratio                                                                                  0.06%
                                                                                                      =====================
</TABLE>
<TABLE>
<CAPTION>

CREDIT ENHANCEMENT INFORMATION

XIII. Reserve Fund Information

<S>                                                                                                           <C>          
             Beginning Balance                                                                              24,538,500.81
             Deposit to the Reserve Fund                                                                       981,880.77
             less:  Transfer to Collection Account                                                                   0.00
                      Release to Seller                                                                      2,315,490.11
                                                                                                     ---------------------

             Ending Balance                                                                                 23,204,891.47
                                                                                                     =====================

             Required Balance                                                                               23,204,891.47
                                                                                                     =====================


             Certificate Interest Reserve Amount                                                               545,045.33
                                                                                                     =====================
</TABLE>


IN WITNESS WHEREOF, the undersigned has caused this report to be executed by its
duly authorized officer as of the 10th day of July 1997.


                                 NORWEST BANK MINNESOTA, N.A.
                                 as Servicer

                                 By: Marianna Stershic
                                 Name: Marianna Stershic
                                 Title: AVP

<TABLE>
<CAPTION>


        DISTRIBUTION STATEMENT

        Norwest Auto Trust 96-A
        Distribution Date:                    7/15/97    
        Collection Period:               6/1/97 - 6/30/97


        Interest     Beginning      Interest      Interest       Interest    Principal    Principal        Ending         Total
 Class    Rate        Balance       Accrual     Distribution    Shortfall   Distribution  Shortfall       Balance      Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>        <C>              <C>           <C>             <C>     <C>                <C>              <C>    <C>          
  A-1    5.465%     40,284,741.30    177,347.98    177,347.98      0.00    40,284,741.30      0.00             0.00   40,462,089.28
  A-2    5.800%    340,000,000.00  1,643,333.33  1,643,333.33      0.00       749,392.22      0.00   339,250,607.78    2,392,725.55
  A-3    5.900%    220,000,000.00  1,081,666.67  1,081,666.67      0.00             0.00      0.00   220,000,000.00    1,081,666.67
  A-4    6.100%    120,140,000.00    610,711.67    610,711.67      0.00             0.00      0.00   120,140,000.00      610,711.67
 
NOTEHOLDER TOTALS  720,424,741.30  3,513,059.65  3,513,059.65      0.00    41,034,133.52      0.00   679,390,607.78   44,547,193.17


   B     6.30%      34,606,052.70    181,681.78    181,681.78      0.00             0.00      0.00    34,606,052.70      181,681.78

CERT. HOLDER TOTALS 34,606,052.70    181,681.78    181,681.78      0.00             0.00      0.00    34,606,052.70      181,681.78

TOTAL DISTRIBUTION 755,030,794.00  3,694,741.43  3,694,741.43      0.00    41,034,133.52      0.00   713,996,660.48   44,728,874.95

</TABLE>

<TABLE>
<CAPTION>


        PAYMENTS PER SECURITY DENOMINATION

        Norwest Auto Trust 96-A      
        Distribution Date:               7/15/97
        Collection Period:          6/1/97 - 6/30/97

                                                                                                               Remaining
            Original       % of     Interest   Interest    Interest   Principal    Principal     Ending        Principal  Servicing
Class       Balance        Pool     Accrual  Distribution  Shortfall Distribution  Shortfall     Balance        Factor       Fee
- ------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>              <C>      <C>         <C>         <C>        <C>           <C>                   <C>   <C>         <C>     
 A-1     350,000,000.00   32.87%   0.5067085   0.5067085   0.0000000  115.0992609  0.0000000             0.00  0.0000000   0.5909318
 A-2     340,000,000.00   31.93%   4.8333333   4.8333333   0.0000000    2.2040948  0.0000000   339,250,607.78  0.9977959   0.5896294
 A-3     220,000,000.00   20.66%   4.9166667   4.9166667   0.0000000    0.0000000  0.0000000   220,000,000.00  1.0000000   0.5909318
 A-4     120,140,000.00   11.28%   5.0833333   5.0833333   0.0000000    0.0000000  0.0000000   120,140,000.00  1.0000000   0.5909318


  B       34,606,052.70    3.25%   5.2500000   5.2500000   0.0000000    0.0000000  0.0000000    34,606,052.70  1.0000000   0.5909318


Totals 1,064,746,052.70                                                                        713,996,660.48
</TABLE>


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