SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: June 12, 1997
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THE CHASE MANHATTAN BANK
(successor to The Chase Manhattan Bank (National Association))
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(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
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(Issuer with respect to Certificates)
NEW YORK 33-99546 13-2633612
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
270 Park Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip code)
(212) 270-6000
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(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On 4/15/1997 and 5/15/97 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. Copies of the
Certificateholder Reports for such Distribution Dates delivered pursuant
to section 5.7 of the Pooling and Servicing Agreement are being filed as an
exhibits to this Current Report on Form 8-K.
Item 7 (c). Exhibits
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Exhibits Description
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20.1 Monthly Certificateholder's statement with respect to the
April 15, 1997 distribution.
20.2 Monthly Certificateholder's statement with respect to the
May 15, 1997 distribution.
<PAGE>
SIGNATURES
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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
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By: William J. Schiralli
Title: Vice President
Date: June 12, 1997
<PAGE>
INDEX TO EXHIBITS
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Exhibits Description
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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.
20.2 Certificateholder Report dated
5/15/1997 delivered pursuant to
Section 5.7 of the Pooling and
Servicing Agreement as of
September 1, 1996.
Exhibit 20.1
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
PERIOD: 7 PAGE # 1
DETERMINATION: 10-Apr-97 Beginning 3/1/97
DISTRIBUTION: 15-Apr-97 Ending 3/31/97
CLASS A 6.61% ASSET BACKED CERTIFICATES
CLASS B 6.76% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C> <C> <C> <C>
A $1,478,422,107.71 $1,234,586,864.98 $42,431,867.73 $6,800,515.98 $49,232,383.71 $1,192,154,997.25
B $45,725,000.00 $38,183,604.06 $1,312,343.17 $215,100.97 $1,527,444.14 $36,871,260.89
CERTIFICATE
TOTALS $1,524,147,107.71 $1,272,770,469.04 $43,744,210.90 $7,015,616.95 $50,759,827.85 $1,229,026,258.14
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C>
A 28.70078005 4.59984733 806.36983919
B 28.70078005 4.70423116 806.36983909
Certficate
Totals 28.70078005 4.60297888 806.36983919
</TABLE>
IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 10TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
@ CHASE MANHATTAN BANKING CORPORATION
<PAGE>
CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
PERIOD: 7 PAGE # 2
DETERMINATION: 10-Apr-97 Beginning 3/1/97
DISTRIBUTION: 15-Apr-97 Ending 3/31/97
<TABLE>
<CAPTION>
per $1000
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Section 5.8(iii) Servicing Fee $1,060,642.06 .6958921827
Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
<S> <C> <C> <C> <C> <C> <C>
A $42,431,867.73 $6,800,515.98 $49,232,383.71 28.70078005 4.59984733 33.30062738
B $1,312,343.17 $215,100.97 $1,527,444.14 28.70078005 4.70423116 33.40501121
Total $43,744,210.90 $7,015,616.95 $50,759,827.85 28.70078005 4.60297888 33.303758931
</TABLE>
Section 5.8 (v) Pool Balance at the end of
the Collection Period $1,229,026,258.14
Section 5.8 (vi) Aggregate Net Losses for
Collection Period $475,020.44
Section 5.8 (vii) Carryover Shortfall for
Collection Period
Class A Interest 0.00
Class B Interest 0.00
Class A Principal 0.00
Class B Principal 0.00
TOTAL 0.00
Section 5.8 (viii) Reserve Account Balance
after Disbursement $42,757,955.96
Section 5.8 (ix) Special Reserve Account
Balance $39,943,353.39
Section 5.8 (x) Repurchase Amounts for
Repurchased Receivables
Seller $0.00
Servicer $0.00
TOTAL $0.00
Section 5.8 (xi) Advance Summary for Collection
Period
Unreimbursed Advances for Period $0.00
Unreimbursed Advances for
Previous Period $0.00
Change from Previous Period $0.00
Reimbursed Advance from
Collections $1,286,319.52
Reimbursed Advance from
Liquidation Proceeds $0.00
Reimbursed Advance from
Reserve Account Withdrawals $0.00
Exhibit 20.2
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
PERIOD: 8 PAGE # 1
DETERMINATION: 9-May-97 Beginning 4/1/97
DISTRIBUTION: 15-May-97 Ending 4/30/97
CLASS A 6.61% ASSET BACKED CERTIFICATES
CLASS B 6.76% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C> <C> <C> <C>
A $1,478,422.107.71 $1,192,154,997.25 $40,323,736.36 $6,566,787.11 $46,890,523.47 $1,151,831,260.89
B $45,725,000.00 $36,871,260.89 $1,247,142.37 $207,708.10 $1,454,850.47 $35,624,118.52
CERTIFICATE
TOTALS $1,524,147,107.71 $1,229,026,258.14 $41,570,878.73 $6,744,495.21 $48,345,373.94 $1,187,455,379.41
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C>
A 27.27484671 4.44175386 779.09499248
B 27.27484680 4.54255003 779.09499224
Certficate
Totals 27.27484671 4.44477779 779.09499247
</TABLE>
IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 10TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
@ CHASE MANHATTAN BANKING CORPORATION
<PAGE>
CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
PERIOD: 8 PAGE # 2
DETERMINATION: 9-May-97 Beginning 4/1/97
DISTRIBUTION: 15-May-97 Ending 4/30/97
<TABLE>
<CAPTION>
per $1000
---------
Section 5.8(iii) Servicing Fee $1,024,188.55 .6719748660
Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
<S> <C> <C> <C> <C> <C> <C>
A $40,323,736.36 $6,566,787.11 $46,890,523.47 27.27484671 4.44175386 31.71660057
B $1,247,142.37 $207,708.10 $1,454,850.47 27.27484680 4.54255003 31.81739683
Total $41,570,878.73 $6,774,495.21 $48,345,373.94 27.27484671 4.44477779 31.719624500
</TABLE>
Section 5.8 (v) Pool Balance at the end of
the Collection Period $1,187,455,379.41
Section 5.8 (vi) Aggregate Net Losses for
Collection Period $584,506.85
Section 5.8 (vii) Carryover Shortfall for
Collection Period
Class A Interest 0.00
Class B Interest 0.00
Class A Principal 0.00
Class B Principal 0.00
TOTAL 0.00
Section 5.8 (viii) Reserve Account Balance
after Disbursement $38,592,299.83
Section 5.8 (ix) Special Reserve Account
Balance $38,592,299.83
Section 5.8 (x) Repurchase Amounts for
Repurchased Receivables
Seller $0.00
Servicer $0.00
TOTAL $0.00
Section 5.8 (xi) Advance Summary for Collection
Period
Unreimbursed Advances for
Period Balance $4,214,328.46
Unreimbursed Advances for
Previous Period $3,793,592.99
Change from Previous Period $420,735.47
Reimbursed Advance from
Collections $1,063,352.15
Reimbursed Advance from
Liquidation Proceeds $28,954.35
Reimbursed Advance from
Reserve Account Withdrawals $0.00
