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: April 8, 1997
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THE CHASE MANHATTAN BANK
(formerly known as "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 HOME EQUITY LOAN TRUST 1995-1
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(Issuer with respect to Certificates)
New York 33-93570 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 each of 2/18/97 and 3/17/97, Chase Manhattan Home Equity Loan Trust
1995-1 (the "Trust") made the distributions to Certificateholders contemplated
by the Pooling and Servicing Agreement, dated as of September 1, 1995
(the "Pooling and Servicing Agreement"), betwee The Chase Manhattan Bank,
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 5.03 of the Pooling and Servicing Agreement are being filed
as exhibits to this Current Report on Form 8-K.
Item 7 (c). Exhibits
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Exhibit Description
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20.1 Monthly Certificateholders statement with respect to the
February 18, 1997 distribution.
20.2 Monthly Certificateholders statement with respect to the
March 17, 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. Murray
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By: William J. Murray
Title: Vice President
Date: April 8, 1997
<PAGE>
INDEX TO EXHIBITS
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Exhibit Description
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20.1 Certificateholder Report dated
2/18/1997 delivered pursuant to
Section 5.03 of the Pooling and
Servicing Agreement dated as of
September 1, 1995.
20.2 Certificateholder Report dated
3/17/1997 delivered pursuant to
Section 5.03 of the Pooling and
Servicing Agreement dated as of
September 1, 1995.
Exhibit 20.1
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MONTHLY CERTIFICATE HOLDERS REPORT
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Due Period : 17Beginning Date : 01/01/1997 End Date : 01/31/1997
Determination Date : 02/12/1997 Remittance Date : 02/18/1997
CHASE HOME EQUITY LOAN TRUST, Series 1995-1
I. Floating Allocation Percentage
Beginning % 97.524784159015%
Ending % 97.487869866805%
II. Cash Received
SERVICER The Chase Manhattan Bank
Interest Collected 2,494,516.45
Principal Collected 11,839,854.03
Additional Draw 7,021,484.53
III. Pool Balance
Beginning Balance 327,904,735.24 327,904,735.24
Principal Payments 14,019,490.38 14,019,490.38
Prin Pay Rev 2,179,636.35 2,179,636.35
Advances 8,385,115.91 8,385,115.91
Advance Rev 1,363,631.38 1,363,631.38
Liquidation Loss 0.00 0.00
Ending Balance 323,086,365.74 323,086,365.74
<TABLE>
<CAPTION>
IV. Interest to Certificateholders
TRANCH Beg. Balance Rate Schduled Int Int Shrtfall Disbrsed Int
<S> <C> <C> <C> <C> <C>
A-1 285,802,269.92 5.72438000% $ 1,545,149.64 $ 0.00 $ 1,545,149.64
A-2 31,956,854.37 5.74000000% $ 173,241.66 $ 0.00 $ 173,241.66
TOTAL 317,759,124.29 $ 1,718,391.30 $ 0.00 $ 1,718,391.30
SI 8,116,349.95 0.00000000% $ 58,362.85 $ 0.00 $ 58,362.85
TOTAL 8,116,349.95 $ 58,362.85 $ 0.00 $ 58,362.85
V. Principal to Certificateholders
TRANCH Beg. Balance Schduled Principal Recovered Loss Ending Principal Cert. Factor
<S> <C> <C> <C> <C> <C>
A-1 285,802,269.92 4,333,788.82 0.00 281,468,481.10 0.7868068
A-2 31,956,854.37 484,580.68 0.00 31,472,273.69 0.7868068
TOTAL 317,759,124.29 4,818,369.50 0.00 312,940,754.79
SI 8,116,349.95 0.00 0.00 8,116,349.95 0.9999144
TOTAL 8,116,349.95 0.00 0.00 8,116,349.95
VI. Overdue Interest
GROUP Overdue Interest Int. On Overdue Remaining Overdue
MORTGAGE GROUP ONE 0.00 0.00 0.00
VII. Invested Amount
GROUP Invested Amount
MORTGAGE GROUP ONE 314,970,015.79
</TABLE>
<PAGE>
VIII. Liquidation Loss
Liquidation Loss Amount 0.00
Loss Investor Cert. 0.00
Reimbursed Amount 0.00
Unreimbursed Amount 0.00
IX. Loss Recovery
Total Amount 0.00
X. Servicing Fee
SERVICER The Chase Manhattan Bank
Beginning Balance 327,904,735.24
Rate 0.5000%
Servicing Fee 136,626.97
XI. Single Certificate Principal Distribution
<TABLE>
<CAPTION>
TRANCH Orig. Balance Sched. Principal Certificate Value Pr.Dist / Cert.
<S> <C> <C> <C> <C>
A-1 357,735,172.00 4,333,788.82 1,000.00 $ 12.1145169925
A-2 40,000,000.00 484,580.68 1,000.00 $ 12.1145170000
TOTAL 397,735,172.00 4,818,369.50
SI 8,117,044.57 0.00 1,000.00 $ 0.0000000000
TOTAL 8,117,044.57 0.00
XII. Single Certificate Interest Distribution
TRANCH Orig. Balance Sched. Interest Certificate Value Int.Dist / Cert.
<S> <C> <C> <C> <C>
A-1 357,735,172.00 1,545,149.64 1,000.00 $ 4.3192555861
A-2 40,000,000.00 173,241.66 1,000.00 $ 4.3310415000
TOTAL 397,735,172.00 1,718,391.30
SI 8,117,044.57 58,362.85 1,000.00 $ 7.1901601004
TOTAL 8,117,044.57 58,362.85
XIII. Insured Payment
GROUP Amount
MORTGAGE GROUP ONE 0.00
XIV. Transfer Deposit Amount
GROUP Amount
MORTGAGE GROUP ONE 0.00
</TABLE>
XV. Delinquency Information for Due Period
PERIOD Number of Principal Balance
30 DAYS 134 4,759,889.50
60 DAYS 17 589,231.53
90 DAYS 7 464,041.33
120+ DAYS 18 569,152.88
TOTAL 176 6,382,315.24
FORECLOSR 0 0.00
TOTAL 0 0.00
REO 0 0.00
TOTAL 0 0.00
XVI. Book Value REO Property
GROUP Value
MORTGAGE GROUP ONE 0.00
XVII. Servicer Advance
SERVICER The Chase Manhattan Bank
Required Advances 0.00
Nonrecoverable Advances 0.00
Exhibit 20.2
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CHASE MANHATTAN HOME EQUITY LOAN 1995-1
MONTHLY CERTIFICATE HOLDERS REPORT
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Due Period : 18Beginning Date : 02/01/1997 End Date : 02/28/1997
Determination Date : 03/12/1997 Remittance Date : 03/17/1997
CHASE HOME EQUITY LOAN TRUST, Series 1995-1
I. Floating Allocation Percentage
Beginning % 97.487869866805%
Ending % 97.463352455665%
II. Cash Received
SERVICER The Chase Manhattan Bank
Interest Collected 2,464,009.26
Principal Collected 9,069,246.42
Additional Draw 5,946,525.93
III. Pool Balance
Beginning Balance 323,086,365.74 323,086,365.74
Principal Payments 10,183,412.62 10,183,412.62
Prin Pay Rev 1,114,166.20 1,114,166.20
Advances 6,878,573.46 6,878,573.46
Advance Rev 932,047.53 932,047.53
Liquidation Loss 0.00 0.00
Ending Balance 319,963,645.25 319,963,645.25
<TABLE>
<CAPTION>
IV. Interest to Certificateholders
TRANCH Beg. Balance Rate Schduled Int Int Shrtfall Disbrsed Int
<S> <C> <C> <C> <C> <C>
A-1 281,468,481.10 5.66188000% $ 1,195,230.57 $ 0.00 $ 1,195,230.57
A-2 31,472,273.69 5.66000000% $ 133,599.80 $ 0.00 $ 133,599.80
TOTAL 312,940,754.79 $ 1,328,830.37 $ 0.00 $ 1,328,830.37
SI 8,116,349.95 0.00000000% $ 58,517.31 $ 0.00 $ 58,517.31
TOTAL 8,116,349.95 $ 58,517.31 $ 0.00 $ 58,517.31
V. Principal to Certificateholders
TRANCH Beg. Balance Schduled Principal Recovered Loss Ending Principal Cert. Factor
<S> <C> <C> <C> <C> <C>
A-1 281,468,481.10 2,808,670.27 0.00 278,659,810.83 0.7789556
A-2 31,472,273.69 314,050.22 0.00 31,158,223.47 0.7789556
TOTAL 312,940,754.79 3,122,720.49 0.00 309,818,034.30
SI 8,116,349.95 0.00 0.00 8,116,349.95 0.9999144
TOTAL 8,116,349.95 0.00 0.00 8,116,349.95
</TABLE>
VI. Overdue Interest
GROUP Overdue Interest Int. On Overdue Remaining Overdue
MORTGAGE GROUP ONE 0.00 0.00 0.00
VII. Invested Amount
GROUP Invested Amount
MORTGAGE GROUP ONE 311,847,295.30
VIII. Liquidation Loss
Liquidation Loss Amount 0.00
Loss Investor Cert. 0.00
Reimbursed Amount 0.00
Unreimbursed Amount 0.00
<PAGE>
MONTHLY CERTIFICATE HOLDERS REPORT
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Due Period : 18Beginning Date : 02/01/1997 End Date : 02/28/1997
Determination Date : 03/12/1997 Remittance Date : 03/17/1997
IX. Loss Recovery
Total Amount 0.00
X. Servicing Fee
SERVICER The Chase Manhattan Bank
Beginning Balance 323,086,365.74
Rate 0.5000%
Servicing Fee 134,619.32
XI. Single Certificate Principal Distribution
<TABLE>
<CAPTION>
TRANCH Orig. Balance Sched. Principal Certificate Value Pr.Dist / Cert.
<S> <C> <C> <C> <C>
A-1 357,735,172.00 2,808,670.27 1,000.00 $ 7.8512555931
A-2 40,000,000.00 314,050.22 1,000.00 $ 7.8512555000
TOTAL 397,735,172.00 3,122,720.49
SI 8,117,044.57 0.00 1,000.00 $ 0.0000000000
TOTAL 8,117,044.57 0.00
XII. Single Certificate Interest Distribution
TRANCH Orig. Balance Sched. Interest Certificate Value Int.Dist / Cert.
<S> <C> <C> <C> <C>
A-1 357,735,172.00 1,195,230.57 1,000.00 $ 3.3411044358
A-2 40,000,000.00 133,599.80 1,000.00 $ 3.3399950000
TOTAL 397,735,172.00 1,328,830.37
SI 8,117,044.57 58,517.31 1,000.00 $ 7.2091891938
TOTAL 8,117,044.57 58,517.31
XIII. Insured Payment
GROUP Amount
MORTGAGE GROUP ONE 0.00
XIV. Transfer Deposit Amount
GROUP Amount
MORTGAGE GROUP ONE 0.00
XV. Delinquency Information for Due Period
PERIOD Number of Principal Balance
<S> <C> <C>
30 DAYS 115 4,034,142.59
60 DAYS 23 975,217.38
90 DAYS 6 470,599.75
120+ DAYS 21 752,203.63
TOTAL 165 6,232,163.35
FORECLOSR 0 0.00
TOTAL 0 0.00
REO 0 0.00
TOTAL 0 0.00
</TABLE>
XVI. Book Value REO Property
GROUP Value
MORTGAGE GROUP ONE 0.00
XVII. Servicer Advance
SERVICER The Chase Manhattan Bank
Required Advances 0.00
Nonrecoverable Advances 0.00
