____________________________________________________________________________
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 (Date of earliest Event
Reported): February 24, 1997
CHRYSLER FINANCIAL CORPORATION
as originator of Premier Auto Trust 1997-1
and each other Premier Auto Trust 199__-__ that issues
Notes under the related Prospectus and Prospectus Supplement
------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 33-55789 38-0961430
- ---------------------------- ----------- ------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
27777 Franklin Road
Southfield, Michigan 48034
------------------------ ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (810) 948-3067
--------------
____________________________________________________________________________
Item 7. Financial Statements and Exhibits.
- ------ ---------------------------------
(a) Financial Statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
25 Form T-1 Statement of Eligibility under the
Trust Indenture Act of 1939, as amended.
(Certain exhibits to Form T-1 are incorporated
by reference to Exhibit 25.1 of Registration
Statement on Form S-3 of SunAmerica Inc., filed
on October 25, 1996 (File No. 333-14201).)
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 hereunto duly authorized.
CHRYSLER FINANCIAL CORPORATION
By: /s/ Byron C. Babbish
-------------------------------
Byron C. Babbish
Assistant Secretary
Dated: February 24, 1997
Exhibit Index
-------------
Exhibit Page
- ------- ----
25 Form T-1 Statement of Eligibility 5
under the Trust Indenture Act of 1939,
as amended. (Certain exhibits to
Form T-1 are incorporated by reference
to Exhibit 25.1 of Registration Statement
on Form S-3 of SunAmerica Inc., filed
on October 25, 1996 (File No. 333-14201).)
Exhibit 25
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
--------
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)_____
_________________________________
THE FIRST NATIONAL BANK OF CHICAGO
(Exact name of trustee as specified in its charter)
A National Banking Association 36-0899825
(I.R.S. employer
identification number)
One First National Plaza, Chicago, Illinois 60670-0126
(Address of principal executive offices) (Zip Code)
The First National Bank of Chicago
One First National Plaza, Suite 0286
Chicago, Illinois 60670-0286
Attn: Lynn A. Goldstein, Law Department (312) 732-6919
(Name, address and telephone number of agent for service)
___________________________________
PREMIER AUTO TRUST 1997-1 AND EACH OTHER
PREMIER AUTO TRUST 199__-__ THAT ISSUES NOTES
UNDER THE RELATED PROSPECTUS AND PROSPECTUS SUPPLEMENT
(Exact name of obligor as specified in its charter)
Delaware Applied for
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
c/o Chase Manhattan Bank Delaware, as Owner Trustee
1201 Market Street
9th Floor
Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
Asset Backed Notes
(Title of Indenture Securities)
Item 1. GENERAL INFORMATION. FURNISH THE FOLLOWING
--------------------
INFORMATION AS TO THE TRUSTEE:
(A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
WHICH IT IS SUBJECT.
Comptroller of Currency, Washington, D.C., Federal Deposit
Insurance Corporation, Washington, D.C., The Board of
Governors of the Federal Reserve System, Washington D.C.
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
The trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF
------------------------------
THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.
No such affiliation exists with the trustee.
ITEM 16. LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS
-----------------
STATEMENT OF ELIGIBILITY.
1. A copy of the articles of association of the trustee now in
effect.*
2. A copy of the certificates of authority of the trustee to
commence business.*
3. A copy of the authorization of the trustee to exercise
corporate trust powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not Applicable.
6. The consent of the trustee required by Section 321(b) of the
Act.
7. A copy of the latest report of condition of the trustee
published pursuant to law or the requirements of its
supervising or examining authority.
8. Not Applicable.
9. Not Applicable.
*EXHIBITS 1, 2, 3 AND 4 ARE HEREIN INCORPORATED BY REFERENCE TO EXHIBITS
BEARING IDENTICAL NUMBERS IN ITEM 16 OF THE FORM T-1 OF THE FIRST NATIONAL
BANK OF CHICAGO, FILED AS EXHIBIT 25.1 TO THE REGISTRATION STATEMENT ON FORM
S-3 OF SUNAMERICA INC., FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON
OCTOBER 25, 1996 (REGISTRATION NO. 333-14201).
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, The First National Bank of Chicago, a
national banking association organized and existing under the laws
of the United States of America, has duly caused this Statement of
Eligibility to be signed on its behalf by the undersigned,
thereunto duly authorized, all in the City of Chicago and State of
Illinois, on the 24th day of February, 1997.
The First National Bank of Chicago,
Trustee
By: /s/ Steven M. Wagner
----------------------------------------
Steven M. Wagner
Vice President
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
February 24, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In connection with the qualification of one or more indentures between
Premier Auto Trust 1997-1 and each other Premier Auto Trust 199__-__ that
issues notes under the related prospectus and prospectus supplement and The
First National Bank of Chicago, the undersigned, in accordance with Section
321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that
the reports of examinations of the undersigned, made by Federal or State
authorities authorized to make such examinations, may be furnished by such
authorities to the Securities and Exchange Commission upon its request
therefor.
Very truly yours,
The First National Bank of Chicago
By: /s/ Steven M. Wagner
-------------------------------------
Steven M. Wagner
Vice President
EXHIBIT 7
Legal Title of Bank: The First National Bank of Chicago
Address: One First National Plaza, Ste 0460
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
---------
Call Date: 09/30/96
ST-BK: 17-1630 FFIEC 031
Page RC-1
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR SEPTEMBER 30, 1996
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.
SCHEDULE RC--BALANCE SHEET
<TABLE>
<CAPTION>
C400 <-
DOLLAR AMOUNTS IN ------------ ---------
THOUSANDS RCFD BIL MIL THOU
----------------------- ---- ------------
<S> <C> <C> <C> <C>
ASSETS
1. Cash and balances due from depository institutions
(from Schedule RC-A):
a. Noninterest-bearing balances and currency
and coin(1) . . . . . . . . . . . . . . . . . . 0081 4,041,784 1.a.
b. Interest-bearing balances(2) . . . . . . . . . 0071 5,184,890 1.b.
2. Securities
a. Held-to-maturity securities (from Schedule RC-B,
column A) . . . . . . . . . . . . . . . . . . . 1754 0 2.a.
b. Available-for-sale securities (from Schedule
RC-B, column D) . . . . . . . . . . . . . . . . 1773 3,173,481 2.b.
3. Federal funds sold and securities purchased under
agreements to resell in domestic offices of the
bank and its Edge and Agreement subsidiaries, and
in IBFs:
a. Federal Funds sold. . . . . . . . . . . . . . . 0276 3,505,874 3.a.
b. Securities purchased under agreements
to resell . . . . . . . . . . . . . . . . . . . 0277 145,625 3.b.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income (from
Schedule RC-C). . . . . . . . . . . . . . . . . RCFD 2122 22,835,958 4.a.
b. LESS: Allowance for loan and lease losses . . . RCFD 3123 418,851 4.b.
c. LESS: Allocated transfer risk reserve . . . . . RCFD 3128 0 4.c.
d. Loans and leases, net of unearned income,
allowance, and reserve (item 4.a minus
4.b and 4.c). . . . . . . . . . . . . . . . . . 2125 22,417,107 4.d.
5. Assets held in trading accounts. . . . . . . . . . 3545 8,121,948 5.
6. Premises and fixed assets (including capitalized
leases). . . . . . . . . . . . . . . . . . . . . . 2145 707,971 6.
7. Other real estate owned (from Schedule RC-M) . . . 2150 9,184 7.
8. Investments in unconsolidated subsidiaries and
associated companies (from Schedule RC-M). . . . . 2130 53,803 8.
9. Customers' liability to this bank on acceptances
outstanding. . . . . . . . . . . . . . . . . . . . 2155 626,690 9.
10. Intangible assets (from Schedule RC-M) . . . . . . 2143 310,246 10.
11. Other assets (from Schedule RC-F). . . . . . . . . 2160 1,658,123 11.
12. Total assets (sum of items 1 through 11) . . . . . 2170 49,956,726 12.
</TABLE>
- ------------------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
Legal Title of Bank: The First National Bank of Chicago
Address: One First National Plaza, Ste 0460
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
---------
Call Date: 09/30/96
ST-BK: 17-1630 FFIEC 031
Page RC-2
SCHEDULE RC-CONTINUED
<TABLE>
<CAPTION>
DOLLAR AMOUNTS IN
Thousands BIL MIL THOU
-------------------- ------------
<S> <C> <C> <C> <C>
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of
columns A and C from Schedule RC-E, part 1) . . RCON 2200 22,369,341 13.a.
(1) Noninterest-bearing(1). . . . . . . . . . . RCON 6631 9,726,987 13.a.(1)
(2) Interest-bearing. . . . . . . . . . . . . . RCON 6636 12,642,354 13.a.(2)
b. In foreign offices, Edge and Agreement
subsidiaries, and IBFs (from Schedule RC-E,
part II). . . . . . . . . . . . . . . . . . . . RCFN 2200 10,026,286 13.b.
(1) Noninterest bearing . . . . . . . . . . . . RCFN 6631 336,746 13.b.(1)
(2) Interest-bearing. . . . . . . . . . . . . . RCFN 6636 9,689,540 13.b.(2)
14. Federal funds purchased and securities sold under
agreements to repurchase in domestic offices of
the bank and of its Edge and Agreement
subsidiaries, and in IBFs:
a. Federal funds purchased . . . . . . . . . . . . RCFD 0278 884,553 14.a.
b. Securities sold under agreements to
repurchase. . . . . . . . . . . . . . . . . . . RCFD 0279 717,211 14.b.
15. a. Demand notes issued to the U.S. Treasury. . . . RCON 2840 14,120 15.a.
b. Trading Liabilities . . . . . . . . . . . . . . RCFD 3548 5,409,585 15b.
16. Other borrowed money:
a. With original maturity of one year or less. . . RCFD 2332 3,414,577 16.a.
b. With original maturity of more than one year. . RCFD 2333 46,685 16b.
17. Mortgage indebtedness and obligations under
capitalized leases . . . . . . . . . . . . . . . . RCFD 2910 285,671 17.
18. Bank's liability on acceptance executed and
outstanding. . . . . . . . . . . . . . . . . . . . RCFD 2920 626,690 18.
19. Subordinated notes and debentures. . . . . . . . . RCFD 3200 1,250,000 19.
20. Other liabilities (from Schedule RC-G) . . . . . . RCFD 2930 1,005,205 20.
21. Total liabilities (sum of items 13 through 20) . . RCFD 2948 46,049,924 21.
22. Limited-Life preferred stock and related surplus . RCFD 3282 0 22.
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus. . . RCFD 3838 0 23.
24. Common stock . . . . . . . . . . . . . . . . . . . RCFD 3230 200,858 24.
25. Surplus (exclude all surplus related to preferred
stock) . . . . . . . . . . . . . . . . . . . . . . RCFD 3839 2,925,894 25.
26. a. Undivided profits and capital reserves. . . . . RCFD 3632 770,670 26.a.
b. Net unrealized holding gains (losses) on
available-for-sale securities . . . . . . . . . RCFD 8434 10,194 26.b.
27. Cumulative foreign currency translation
adjustments. . . . . . . . . . . . . . . . . . . . RCFD 3284 (814) 27.
28. Total equity capital (sum of items 23 through 27). RCFD 3210 3,906,802 28.
29. Total liabilities, limited-life preferred stock,
and equity capital (sum of items 21, 22, and 28) . RCFD 3300 49,956,726 29.
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the
statement below that best describes the most
comprehensive level of auditing work performed
for the bank by independent external auditors as Number
------
of any date during 1995. . . . . . . . . . . . . . RCFD 6724 / N/A / M.1.
</TABLE>
1 = Independent audit of the bank conducted in accordance
with generally accepted auditing standards by a certified
public accounting firm which submits a report on the bank
2 = Independent audit of the bank's parent holding company
conducted in accordance with generally accepted auditing
standards by a certified public accounting firm which
submits a report on the consolidated holding company
(but not on the bank separately)
3 = Directors' examination of the bank conducted in
accordance with generally accepted auditing standards
by a certified public accounting firm (may be required by
state chartering authority)
4 = Directors' examination of the bank performed by other
external auditors (may be required by state chartering
authority)
5 = Review of the bank's financial statements by external
auditors
6 = Compilation of the bank's financial statements by external
auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
_______________
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
