CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
8-K, 1998-01-22
ASSET-BACKED SECURITIES
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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: January 22, 1998
                       -----------------------------------

                 CHASE MANHATTAN BANK USA, 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             33-94460               13-2633612
      ---------------     -----------------       ------------------
      (State or other      (Commission             (IRS Employer
      jurisdiction of      File Number)          Identification No.)
      incorporation)


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


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



<PAGE>

Item 5. Other Events

          On 1/15/98 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 Exhibit 20.1 to this Current Report on Form 8-K.


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

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

  20.1          Monthly Certificateholder's statement with respect to the
                January 15, 1998 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.



                                            CHASE MANHATTAN BANK USA,
                                            NATIONAL ASSOCIATION


                                            /s/ Patricia Garvey
                                            -----------------------------
                                            By:    Patricia Garvey
                                            Title: Vice President




Date:  January 22, 1998


<PAGE>

                              INDEX TO EXHIBITS
                              -----------------


   Exhibits                         Description
   --------                         -----------

     20.1                Certificateholder Report dated
                         1/15/98 delivered pursuant to
                         Section 5.7 of the Pooling and
                         Servicing  Agreement as of
                         September 1, 1996.





CHASE MANHATTAN AUTO GRANTOR TRUST                                              
SERIES 1996-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
PERIOD  16                                             PAGE    # 1     
DETERMINATION:  9-Jan-98                               Beginning       12/1/97
DISTRIBUTION:   15-Jan-98                              Ending          12/31/97
TIME:   1/13/98 14:23
                                                        
                                                        
                        CLASS A 6.61% ASSET BACKED CERTIFICATES
                        CLASS B 6.76% ASSET BACKED CERTIFICATES   
                                                        
<TABLE>                                                      
<CAPTION>
                                                        
        ORIG PRINCIPAL       BEG               PRINCIPAL        PRINCIPAL       INTEREST        END PRINCIPAL   
CLASS   BALANCE              BALANCE           DISTRIBUTION     DISTRIBUTION    DISTRIBUTION    BALANCE 
<S>     <C>                 <C>               <C>              <C>             <C>             <C>                   

A       $1,478,422,107.71    $889,977,525.00   $33,799,846.31   $4,902,292.87   $38,702,139.18  $856,177,678.69         
B          $45,725,000.00     $27,525,442.24    $1,045,369.90     $155,059.99    $1,200,429.89   $26,480,072.34                     
                                                        
                                                        
TOTALS  $1,524,147,107.71    $917,502,967.24   $34,845,216.21   $5,057,352.86   $39,902,569.07  $882,657,751.03         
                                                        
                                                        
                                                        
                            FACTOR   INFORMATION   PER   $1,000                                         
                                                        
                                                        
        PRINCIPAL       INTEREST        END PRINCIPAL                           
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE                         
<S>    <C>             <C>             <C>                                     
A       22.86210828     3.31589527      579.11585211                            
B       22.86210826     3.39114248      579.11585216                            
                                                        
Totals  22.86210828     3.31815271      579.11585211                            
</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, 15TH FLOOR
                                          NEW YORK, NEW YORK 10001
                                          (212) 946-3247
                                                        
                                                        
                                                        
                                                        
<PAGE>                                                        

CHASE MANHATTAN AUTO GRANTOR TRUST                                             
SERIES 1996-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
PERIOD  16                                                       PAGE        # 2
DETERMINATION:  9-Jan-98                                 Beginning       12/1/97
DISTRIBUTION:   15-Jan-98                               Ending          12/31/97
TIME:   1/13/98 14:23                                           
                                                        
                                                        
                                                        
                                                                       per $1000
Section 5.8 (iii)       Servicing Fee                  $764,585.81     .50164830
                                                        
                                                        
                                                        
<TABLE>
                                                        
Class   Principal       Interest        Total           Prin (per $1000/orig)   Int (per $1000/orig)    Total (per $1000/orig)  
<S>     <C>             <C>             <C>                  <C>                <C>                      <C>            
A       $33,799,846.31  $4,902,292.87   $38,702,139.18          22.86210828             3.31589527               26.17800355    
B        $1,045,369.90    $155,059.99    $1,200,429.89          22.86210826             3.39114248               26.25325074    
                                                        
                                                        
Total   $34,845,216.21  $5,057,352.86   $39,902,569.07          22.86210828             3.31815271               26.18026099    
                                                        
 </TABLE>                                                       
                                                        
Section 5.8 (v)    Pool Balance at the end of the
                   Collection Period                             $882,657,751.03
                                                     
                                                     
Section 5.8 (vi)   Aggregate Net Losses for Collection Period        $412,367.95
                                                     
                                                     
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     $28,686,376.91
                                                     
                                                     
                                                     
Section 5.8 (ix)   Specified Reserve Account Balance              $28,686,376.91
                                                     
                                                     
                                                     
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                $4,955,713.81 
                 Unreimbursed Advances for Previous Period       $4,713,674.04 
                 Change from Previous Period                       $242,039.77 
                                                     
                 Reimbursed Advance from Collections             $1,224,035.29
                 Reimbursed Advance from Liquidation Proceeds       $25,499.55
                 Reimbursed Advance from Reserve Account Withdrawals     $0.00
                                                     
                                                     
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK                                        


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