SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-K
ANNUAL REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
CHASE MANHATTAN AUTO OWNER TRUST 1996-C
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(Issuer with respect to Certificates)
(Exact name of registrant as specified in its charter)
for the fiscal year 333-7575
year ended December 31, 1996 Commission File Number
Delaware 13-2633612
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(State or other (IRS Employer
jurisdiction of 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)
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days. Yes: No: X
All of the Registrant's voting stock is held by Chase Manhattan Automotive
Finance Corporation and Chase Auto Funding Corporation. None of the
Registrant's voting stock is held by non-affiliates.
Registrant has not been involved in bankruptcy proceedings during the preceding
five years.
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Chase Manhattan Auto Owner Trust 1996-C (the "Trust") was formed
pursuant to a Pooling and Servicing Agreement (the "Agreement") between Chase
Manhattan Bank USA, National Association, as Seller and Servicer, and an
unrelated trustee (the "Trustee"). The Asset Backed Certificates of the Trust
represent the beneficial ownership interest in the Trust. The Trust files
reports pursuant to Sections 13 and 15(d) of the Securities Exchange Act of
1934, as amended, in the manner described in "no-action" letters submitted to
the Office of Chief Counsel on behalf of the originators of comparable trusts.
Accordingly, responses to certain items have been omitted from or modified
in this Annual Report.
PART I
Item 1. Business.
Omitted.
Item 2. Properties.
The assets of the Trust consist of, among other things, a segregated
pool of simple interest retail installment sales contracts and purchase money
loans (the "Receivables") secured by new and used automobiles and light-duty
trucks. Information regarding the Trust is included in the Annual
Statement of Compliance filed under Item 14 hereof.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings with
respect to the Trust, involving the Trust, Norwest Bank Minnesota,
National Association, (the "Indenture Trustee"), Wilmington Trust Company
(the "Owner Trustee") or Chase Manhattan Bank USA, N.A. (the "Servicer").
Item 4. Submission of Matters to a Vote of Security Holders.
No matter was submitted to a vote of Certificateholders during the
fiscal year covered by this report.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
To the knowledge of the registrant, the Certificates are traded in
the over-the-counter market to a limited extent.
The records of the Trust indicate that as of December 31, 1996, there
was one Certificateholder of record.
Item 6. Selected Financial Data.
Omitted.
Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations.
Omitted.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure.
None.
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PART III
Item 10. Directors and Executive Officers of the Registrant.
Omitted.
Item 11. Executive Compensation.
Omitted.
Item 12. Security Ownership of Certain Beneficial Owners and
Management.
As of December 31, 1996, the numbers of Certificateholders of
record holding more than 5% of the Series 1996-C Asset Backed Certificates
are as follows:
class number of 5% holders
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A-1 4
A-2 2
A-3 6
A-4 5
Item 13. Certain Relationships and Related Transactions.
Omitted.
PART IV
Item 14. Exhibits, Financial Statement Schedules, and
Reports of Form 8-K.
(a) The following documents are filed as part of this Annual Report
on Form 10-K: NONE.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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
Date: March 28, 1997
CHASE MANHATTAN BANK, USA, N.A.
as Servicer
By: /s/ Keith Schuck
Name: Keith Schuck
Title: Controller
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other proxy soliciting
material has been sent to Certificateholders during the period covered by this
Annual Report on Form 10-K and the registrant does not intend to furnish such
materials to Certificateholders subsequent to the filing of this report.
