<PAGE>
UNITED STATES
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 February 16, 1999
Commission File Number 333-18089
FIRST SECURITY AUTO GRANTOR TRUST 1997-A
(Exact name of registrant as specified in its charter)
State of incorporation Utah
I.R.S. Employer Identification No. 84-6309736
Address of principal executive offices 79 South Main, P.O. Box 30006
Salt Lake City, Utah
Zip Code 84130-0006
Registrant's telephone number, including area code (801) 246-5891
Item 7. Financial Statements and Exhibits
Pursuant to its agreement with certificate holders, this report is filed to
report data relating to this trust as contained in the monthly servicing report
sent to certificate holders by the trustee. Attached as Exhibit A is a copy of
the monthly servicing report for the period Dec. 26, 1998 through Jan. 25, 1999.
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, thereunto duly authorized.
FIRST SECURITY AUTO GRANTOR TRUST 1997-A
(Registrant)
By: FIRST SECURITY BANK, N.A.
(Seller and Servicer)
/s/ Brad D. Hardy February 16, 1999
__________________________________________________________ __________________
Brad D. Hardy (Date)
Authorized Officer
<PAGE>
<TABLE>
EXHIBIT A
<CAPTION>
First Security Auto Grantor Trust 1997-A
Monthly Statement to Certificateholders
Servicers: First Security Bank, N.A.
December 26, 1998 Thru January 25, 1999
Distribution Date: 02-16-99
Statement for Class A and Class B Certificateholders Pursuant Per $1,000 of Original
to Section 4.7 of the Pooling and Servicing Agreement Class A/Class B
Certificate Amount
<S> <C> <C>
(i) Principal Distribution
Class A Amount 4,996,007.70 17.4339
Class B Amount 235,410.03 17.4339
(ii) Interest Distribution
Class A Amount 436,990.40 1.5249
Class B Amount 21,244.50 1.5733
(iii) Yield Supplement Amount 326.58 0.0011
(iv) Basic Servicing Fee 72,631.94 0.2420
(v) Class A Certificate Balance (end of Collection Period) 78,240,259.79
Class A Pool Factor (end of Collection Period) 0.2730247
Class B Certificate Balance (end of Collection Period) 3,686,651.95
Class B Pool Factor (end of Collection Period) 0.2730247
(vi) Total Pool Balance (end of Collection Period) 81,926,911.74
(vii) Realized Losses for the Collection Period 184,394.42
(viii) Aggregate Defaulted Receivables for the Collection Period 202,755.50
(ix) Amount otherwise distributable to Class B Certificateholders
that is distributed to Class A Certificateholders 0.00
(x) Aggregate Purchase Amount of Receivables Repurchased by the Seller
or purchased by Servicer 5,355.76
(xi) Advances made in respect of this Collection Period: 0.00
Unreimbursed Advances on the Distribution Date: 0.00
(xii) Reserve Account Balance after Giving Effect to Payments
Made on Distribution Date 6,001,429.48
(xiii) (x) Excess of Class A Certificate Balance over Pool Balance 0.00
(y) Excess of Class B Certificate Balance over amount by which Pool Balance exceeds 0.00
Class A Certificate Balance
(xiv) Aggregate outstanding balance of Delinquent Receivables at end of Collection Period
30 - 59 Days 1,909,143.34
60 - 89 Days 538,480.42
90 or more days 407,566.36
</TABLE>
