CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
8-K, 1997-04-23
ASSET-BACKED SECURITIES
Previous: CARDIMA INC, 8-A12G, 1997-04-23
Next: ISONICS CORP, 15-12G, 1997-04-23






                       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: April 23, 1997
                       -----------------------------------

                            THE CHASE MANHATTAN BANK
         (successor to The Chase Manhattan Bank (National Association))
         --------------------------------------------------------------
                  (Originator of the Trust referred to herein)
             (Exact name of registrant as specified in its charter)


                    CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
                  --------------------------------------------
                      (Issuer with respect to Certificates)


       NEW YORK              33-99546                13-2633612
      ---------------     -----------------       ------------------
      (State or other      (Commission             (IRS Employer
      jurisdiction of      File Number)          Identification No.)
      incorporation)


      270 Park Avenue, New York, New York               10017
      -------------------------------------------       ----------
      (Address of principal executive offices)          (Zip code)


                                (212) 270-6000
                ---------------------------------------------------
                (Registrant's telephone number, including area code)


                                      
<PAGE>

Item 5. Other Events

     On 4/15/1997, Chase Manhattan Grantor Trust 1996-B (the "Trust") made the
distribution  to Certificateholders  contemplated  by the Pooling and Servicing
Agreement, dated as of September 1, 1996, (the "Pooling & Servicing Agreement"),
between the  Registrant,  as Seller and  Servicer,  and Norwest Bank  Minnesota,
National  Association, as Trustee. A copy of the  Certificateholder  Report for
such  Distribution Date  delivered  pursuant  to section 5.7 of the Pooling and
Servicing Agreement is being filed as an exhibit to this Current Report on Form
8-K.


Item 7 (c). Exhibits
            --------

  Exhibit   Description
  -------   -----------

  20.1      Monthly Certificateholder's statement with respect to the
            April 15, 1997 distribution.




                                      
<PAGE>

                              SIGNATURES
                              ----------



      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Bank has  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.



                                            THE CHASE MANHATTAN BANK

                                            /s/ William J. Schiralli
                                            -----------------------------
                                            By: William J. Schiralli
                                            Title: Vice President




Date: April 23, 1997




                      
<PAGE>

                              INDEX TO EXHIBITS
                              -----------------
                                                              
                                                              
   Exhibit                         Description                 
   -------                         -----------                 

     20.1                Certificateholder Report dated        
                         4/15/1997 delivered pursuant to
                         Section 5.7 of the Pooling and 
                         Servicing  Agreement as of 
                         September 1, 1996.



                                       


                                                               Exhibit 20.1
                                                               ------------

Chase Manhattan Auto Grantor Trust 1996-B


From: The Chase Manhattan Bank

To:   Norwest Bank Minnesota, N.A.


                   MONTHLY CERTIFICATEHOLDER'S REPORT
                   ----------------------------------

Due Period 7 Beginning Date                      03/01/1997
Due Period 7 End Date                            03/31/1997
Determination Date                               04/10/1997
Remittance Date                                  04/15/1997


I.    Monthly Principal and Principal Carryover Shortfall to Certificateholders
      (Per $1000 of Original Principal Amount)                  $ 28.7007800485

II.   Monthly Interest and Unpaid Interest to Certificateholders
      (Per $1000 of Original Principal Amount)                   $ 3.6186393506

III.  Monthly Expenses Summary

      A. Servicing Fee Disbursement                              $ 1,060,642.06
      B. Cash Collateral Account Expense                                 $ 0.00
      C. Total Expenses paid
         (per $1000 of Original Principal Amount)                $ 0.6958921843

IV.   Cash Collateral Account Deposit Amount                     $ 2,873,814.38

V.    Outstanding Advance Summary

      A. From Prior Period                                       $ 3,644,369.43
      B. From Current Period                                     $ 3,793,592.99
      C. Change in Amount Between Periods (Lines B - A)            $ 149,223.56

VI.   Pool Factor Information

      A. Certificate Principal Balance                       $ 1,229,026,258.14
      B. Initial Certificate Balance                         $ 1,524,147,107.71
      C. Pool Factor (Lines A / B)                               0.806369839186

VII.  Available Cash Collateral Account Information for Due Period

      A. Available Cash Collateral Amount                       $ 54,857,374.47
      B. Available Cash Collateral Amount Percentage            4.310075995979%

VIII. Required Cash Collateral Amount

      A. For the Current Collection Period                      $ 63,638,523.45
      B. For the Next Collection Period                         $ 61,451,312.91



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission