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 3, 1997
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CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
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(Issuer with respect to Certificates)
NEW YORK 333-7575 13-2633612
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip code)
(302) 575-5033
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On 1/15/1997, Chase Manhattan Auto 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 and Servicing
Agreement"), between the Registrant, as Seller and Servicer, and Norwest
Bank Minnesota, National Association, as Trustee (the "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.
On 2/18/1997, Chase Manhattan Auto 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 and Servicing
Agreement"), between the Registrant, as Seller and Servicer, and Norwest
Bank Minnesota, National Association, as Trustee (the "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 20.2 to this Current Report on Form 8-K.
On 3/17/1997, Chase Manhattan Auto 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 and Servicing
Agreement"), between the Registrant, as Seller and Servicer, and Norwest
Bank Minnesota, National Association, as Trustee (the "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 20.3 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 Certificateholder's statement with respect to the
January 15, 1997 distribution.
20.2 Monthly Certificateholder's statement with respect to the
February 18, 1997 distribution.
20.3 Monthly Certificateholder's statement with respect to the
March 17, 1997 distribution.
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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.
CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
Date: April 3, 1997
<PAGE>
INDEX TO EXHIBITS
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Exhibit Description
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20.1 Certificateholder Report dated
1/15/1997 delivered pursuant to
Section 5.7 of the Pooling and
Servicing Agreement as of
September 1, 1996.
20.2 Certificateholder Report dated
2/18/1997 delivered pursuant to
Section 5.7 of the Pooling and
Servicing Agreement as of
September 1, 1996.
20.3 Certificateholder Report dated
3/17/1997 delivered pursuant to
Section 5.7 of the Pooling and
Servicing Agreement as of
September 1, 1996.
Exhibit 20.1
Chase Manhattan Auto Grantor Trust 1996-B
From: Chase Manhattan Bank USA, N.A.
To: Norwest Bank Minnesota, N.A.
MONTHLY CERTIFICATEHOLDER'S REPORT
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Collection Period 4 Beginning Date 12/01/1996
Collection Period 4 End Date 12/31/1996
Determination Date 01/10/1997
Distribution Date 01/15/1997
I. Monthly Principal and Principal Carryover Shortfall to Certificateholders
(Per $1000 of Original Principal Amount)
A. Class A 26.958691853
B. Class B 26.958691963
II. Monthly Interest and Unpaid Interest to
Certificateholders
(Per $1000 of Original Principal Amount)
A. Class A 5.037523398
B. Class B 5.151839256
III. Servicing Fee Summary
A. Loan Servicing Fee Disbursement $ 1,161,562.29
B. Late Fees $ 0.00
C. Net Investment Earnings on Certificate Account $ 0.00
D. Total Servicing Fee 0.762106416
(per $1000 of Original Principal Amount)
IV. Pool Factor Information
A. Certificate Principal Balance
1. Class A $ 1,312,201,638.80
2. Class B $ 40,584,092.74
B. Initial Certificate Balance
1. Class A $ 1,478,422,107.71
2. Class B $ 45,725,000.00
C. Pool Factor (Lines A / B)
1. Class A 0.8875690048
2. Class B 0.8875690047
V. Pool Balance at the end of the Collection Period $ 1,352,785,731.54
VI. Realized Losses for Collection Period $ 0.00
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VII. Carryover Shortfall Information
A. Principal Carryover Shortfall
1. Class A $ 0.00
2. Class B $ 0.00
B. Interest Carryover Shortfall
1. Class A $ 0.00
2. Class B $ 0.00
VIII. Reserve Account Balance After Disbursement $ 41,899,690.44
IX. Specified Reserve Account Balance for Next
Distribution Date $ 43,965,536.28
X. Aggregate Repurchase Amount for Collection Period $ 0.00
XI. Outstanding Advance Summary
A. From Prior Period $ 3,089,172.25
B. From Current Period $ 3,059,947.68
C. Change in Amount Between Periods (Lines B - A) $ -29,224.57
Exhibit 20.2
The Chase Manhattan Auto Grantor Trust 1996-B
From: Chase Manhattan Bank USA, N.A.
To: Norwest Bank Minnesota, N.A.
MONTHLY CERTIFICATEHOLDER'S REPORT
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Collection Period 5 Beginning Date 01/01/1997
Collection Period 5 End Date 01/31/1997
Determination Date 02/10/1997
Distribution Date 02/18/1997
I. Monthly Principal and Principal Carryover Shortfall to Certificateholders
(Per $1000 of Original Principal Amount)
A. Class A 26.548436962
B. Class B 26.548436960
II. Monthly Interest and Unpaid Interest to
Certificateholders
(Per $1000 of Original Principal Amount)
A. Class A 4.889025937
B. Class B 4.999972007
III. Servicing Fee Summary
A. Loan Servicing Fee Disbursement $ 1,127,321.44
B. Late Fees $ 0.00
C. Net Investment Earnings on Certificate Account $ 0.00
D. Total Servicing Fee 0.739640835
(per $1000 of Original Principal Amount)
IV. Pool Factor Information
A. Certificate Principal Balance
1. Class A $ 1,272,951,842.67
2. Class B $ 39,370,165.46
B. Initial Certificate Balance
1. Class A $ 1,478,422,107.71
2. Class B $ 45,725,000.00
C. Pool Factor (Lines A / B)
1. Class A 0.8610205678
2. Class B 0.8610205677
V. Pool Balance at the end of the Collection Period $ 1,312,322,008.13
VI. Realized Losses for Collection Period $ 0.00
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VII. Carryover Shortfall Information
A. Principal Carryover Shortfall
1. Class A $ 0.00
2. Class B $ 0.00
B. Interest Carryover Shortfall
1. Class A $ 0.00
2. Class B $ 0.00
VIII. Reserve Account Balance After Disbursement $ 42,650,465.26
IX. Specified Reserve Account Balance for
Next Distribution Date $ 42,650,465.26
X. Aggregate Repurchase Amount for Collection Period $ 0.00
XI. Outstanding Advance Summary
A. From Prior Period $ 3,059,947.68
B. From Current Period $ 3,058,282.26
C. Change in Amount Between Periods (Lines B - A) $ -1,665.42
Exhibit 20.3
The Chase Manhattan Auto Grantor Trust 1996-B
From: Chase Manhattan Bank USA, N.A.
To: Norwest Bank Minnesota, N.A.
MONTHLY CERTIFICATEHOLDER'S REPORT
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Collection Period 6 Beginning Date 01/01/1997
Collection Period 6 End Date 02/28/1997
Determination Date 03/10/1997
Distribution Date 03/17/1997
I. Monthly Principal and Principal Carryover Shortfall to Certificateholders
(Per $1000 of Original Principal Amount)
A. Class A 25.949948590
B. Class B 25.949948590
II. Monthly Interest and Unpaid Interest to
Certificateholders (Per $1000 of Original Principal Amount)
A. Class A 4.74278829
B. Class B 4.85041596
III. Servicing Fee Summary
A. Loan Servicing Fee Disbursement $ 1,093,601.67
B. Late Fees $ 0.00
C. Net Investment Earnings on Certificate Account $ 0.00
D. Total Servicing Fee 0.71751713
(per $1000 of Original Principal Amount)
V. Pool Factor Information
A. Certificate Principal Balance
1. Class A $ 1,234,586,864.98
2. Class B $ 38,183,604.06
B. Initial Certificate Balance
1. Class A $ 1,478,422,107.71
2. Class B $ 45,725,000.00
C. Pool Factor (Lines A / B)
1. Class A 0.8350706192
2. Class B 0.8350706191
V. Pool Balance at the end of the Collection Period $ 1,272,770,469.04
VI. Realized Losses for Collection Period $ 0.00
<PAGE>
Chase Manhattan Grantor Trust 1996-B
From: Chase Manhattan Bank USA, N.A.
To: Norwest Bank Minnesota, N.A.
MONTHLY CERTIFICATEHOLDER'S REPORT
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Collection Period 5 Beginning Date 01/01/1997
Collection Period 5 End Date 01/31/1997
Determination Date 02/10/1997
Distribution Date 02/18/1997
VII. Carryover Shortfall Information
A. Principal Carryover Shortfall
1. Class A $ 0.00
2. Class B $ 0.00
B. Interest Carryover Shortfall
1. Class A $ 0.00
2. Class B $ 0.00
VIII. Reserve Account Balance After Disbursement $ 42,650,465.26
IX. Specified Reserve Account Balance for Next
Distribution Date $ 42,650,465.26
X. Aggregate Repurchase Amount for Collection Period $ 0.00
XI. Outstanding Advance Summary
A. From Prior Period $ 3,059,947.68
B. From Current Period $ 3,058,282.26
C. Change in Amount Between Periods (Lines B - A) $ -1,665.42
