CHASE MANHATTAN AUTO OWNER TRUST 1997-B
8-K, 1997-09-30
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: September 30, 1997
                       -----------------------------------

                 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 OWNER TRUST 1997-B
                  --------------------------------------------
                      (Issuer with respect to Certificates)


       Delaware              333-7575                13-2633612
      ---------------     -----------------       ------------------
      (State or other      (Commission             (IRS Employer
      jurisdiction of      File Number)          Identification No.)
      incorporation)


      802 Delaware Avenue, Wilmington, Delaware          19801
      -------------------------------------------       ----------
      (Address of principal executive offices)          (Zip code)


                                (302) 575-5033
                ---------------------------------------------------
                (Registrant's telephone number, including area code)



<PAGE>

Item 5. Other Events

    On 9/15/97 Chase Manhattan Auto Owner Trust 1997-B (the "Trust") made
distributions  to Certificateholders  contemplated  by the Sale and
Servicing Agreement, dated as of June 1, 1997, (the "Sale & Servicing
Agreement"), between the  Registrant,  as Seller and  Servicer,  and
the Trust, as Issuer.

    A copy of the  Certificateholder  Report for such  Distribution Date
delivered pursuant  to section 5.8 of the Sale 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
            September 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.



                                            CHASE MANHATTAN BANK USA,
                                            NATIONAL ASSOCIATION


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




Date:  September 30, 1997





<PAGE>

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


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

     20.1                Certificateholder Reports dated
                         9/15/1997 delivered pursuant to
                         Section 5.8 of the Sale and
                         Servicing  Agreement dated as of
                         February 28, 1997.




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

CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-B
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  3                                       PAGE    # 1
        DETERMINATION:  10-Sep-97                       Beginning       8/1/97
        DISTRIBUTION:   15-Sep-97                       Ending          8/31/97
        TIME:   9/23/97 17:08

                        CLASS A-1 5.744%  MONEY  MARKET ASSET BACKED NOTES CLASS
                        A-2 6.100%  ASSET  BACKED  NOTES CLASS A-3 6.350%  ASSET
                        BACKED  NOTES CLASS A-4 6.500%  ASSET BACKED NOTES CLASS
                        A-5 6.600%  ASSET  BACKED  NOTES CLASS B-1 6.750%  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 Notes       $200,000,000.00     $138,589,488.11   $25,637,129.49      $685,494.41   $26,322,623.90     $112,952,358.62

A-2 Notes       $294,000,000.00     $294,000,000.00            $0.00    $1,494,500.00    $1,494,500.00     $294,000,000.00

A-3 Notes       $227,000,000.00     $227,000,000.00            $0.00    $1,201,208.33    $1,201,208.33     $227,000,000.00

A-4 Notes       $133,000,000.00     $133,000,000.00            $0.00      $720,416.67      $720,416.67     $133,000,000.00

A-5 Notes        $70,000,000.00      $70,000,000.00            $0.00      $385,000.00      $385,000.00      $70,000,000.00

 NOTE TOTALS    $924,000,000.00     $862,589,488.11   $25,637,129.49    $4,486,619.41   $30,123,748.90     $836,952,358.62

B-1              $29,148,275.79      $29,148,275.79            $0.00      $163,959.05      $163,959.05      $29,148,275.79

CERT TOTALS      $29,148,275.79      $29,148,275.79            $0.00      $163,959.05      $163,959.05      $29,148,275.79

TOTALS          $953,148,275.79     $891,737,763.90   $25,637,129.49    $4,650,578.46   $30,287,707.95     $866,100,634.41



                            FACTOR   INFORMATION   PER   $1,000


           PRINCIPAL    INTEREST         END PRINCIPAL
CLASS   DISTRIBUTION    DISTRIBUTION           BALANCE
<S>   <C>             <C>               <C>

 A-1    128.18564745      3.42747205      564.76179310

 A-2      0.00000000      5.08333333    1,000.00000000

 A-3      0.00000000      5.29166665    1,000.00000000

 A-4      0.00000000      5.41666669    1,000.00000000

A-5       0.00000000      5.50000000    1,000.00000000

Totals   27.74581114      4.85564871      905.79259591

B-1       0.00000000      5.62499995    1,000.00000000

Totals    0.00000000      5.62499995    1,000.00000000

TOTALS   26.89731508      4.87917628      908.67355731

</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 OWNER TRUST
SERIES 1997-B
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  3                               PAGE        # 2
DETERMINATION:  10-Sep-97                       Beginning       8/1/97
DISTRIBUTION:   15-Sep-97                       Ending          8/31/97
TIME:   9/23/97 17:08

                                                                  per $1000
Section 5.8 (iii)   Servicing Fee                $743,114.80     0.77964239

Section 5.8 (iv)    Administration Fee             $1,000.00     0.00104915

Section 5.8 (vi)    Pool Balance at the end of the
                      Collection Period                         $866,100,634.41

Section 5.8 (vii)   Repurchase Amounts for Repurchased Receivable
                    By Seller                                             $0.00
                    By Servicer                                           $0.00
                    TOTAL                                                 $0.00

Section 5.8 (viii)  Realized Losses for Collection Period            $22,511.32

Section 5.8 (ix)    Reserve Account Balance after Disbursement   $20,434,967.49

Section 5.8 (x)     Specified Reserve Account Balance            $25,983,019.03

Section 5.8 (xi)    Total Distribution Amount                    $32,421,065.43

                    Servicing Fee                                   $743,114.80
                    Administrative Fee                                $1,000.00
                    Noteholders' Distribution Amount             $30,123,748.90
                    Certificateholders' Distribution Amount         $163,959.05
                    Deposit to Reserve Account                    $1,389,242.68

<TABLE>
<CAPTION>

Section 5.8 (xii)       Noteholders' Distributable Amount

        Class        Principal       Interest        Total      Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
       <S>     <C>              <C>           <C>             <C>                      <C>                   <C>

        A-1     $25,637,129.49    $685,494.41   $26,322,623.90     128.18564745             3.42747205              131.61311950
        A-2              $0.00  $1,494,500.00    $1,494,500.00       0.00000000             5.08333333                5.08333333
        A-3              $0.00  $1,201,208.33    $1,201,208.33       0.00000000             5.29166665                5.29166665
        A-4              $0.00    $720,416.67      $720,416.67       0.00000000             5.41666669                5.41666669
        A-5              $0.00    $385,000.00      $385,000.00       0.00000000             5.50000000                5.50000000
        Total   $25,637,129.49  $4,486,619.41   $30,123,748.90      27.74581114             4.85564871               32.60145985

Section 5.8 (xiii)      Certificateholders' Distributable Amount

        Class   Principal          Interest           Total     Prin (per $1000/orig)   Int (per $1000/orig)  Total (per $1000/orig)
       <S>     <C>              <C>           <C>             <C>                      <C>                   <C>

        B-1         $0.00       $163,959.05     $163,959.05          0.00000000             5.62499995                5.62499995
        Total       $0.00       $163,959.05     $163,959.05          0.00000000             5.62499995                5.62499995

</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount            $1,389,242.68


(C) COPYRIGHT 1997, CHASE MANHATTAN BANK



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