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: January 15, 1998
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THE CHASE MANHATTAN BANK
(formerly known as "The Chase Manhattan Bank, N.A.")
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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 1/15/1998, Chase Manhattan Home Equity Loan Trust 1995-1 (the "Trust")
made the distribution to Certificateholders contemplated by the Pooling and
Servicing Agreement, dated as of September 1, 1995, between The Chase Manhattan
Bank, as Seller and Servicer, and Norwest Bank Minnesota, National Association,
as Trustee.
A copy of the Certificateholder Report for such Distribution Date delivered
pursuant to section 5.03 of the Pooling and Servicing Agreement is being filed
as an exhibit 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
January 15, 1998 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: January 30, 1998
<PAGE>
INDEX TO EXHIBITS
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Exhibit Description
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20.1 Certificateholder Report dated
1/15/1998 delivered pursuant to
Section 5.03 of the Pooling and
Servicing Agreement dated as of
September 1, 1995.
Exhibit 20.1
MONTHLY CERTIFICATE HOLDERS REPORT
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Due Period : 28Beginning Date : 12/01/1997 End Date : 12/31/1997
Determination Date : 01/12/1998 Remittance Date : 01/15/1998
CHASE HOME EQUITY LOAN TRUST, Series 1995-1
I. Floating Allocation Percentage
Beginning % 97.173201407461%
Ending % 97.120508280601%
II. Cash Received
SERVICER Chase Manhattan Bank, N.A.
Interest Collected 2,625,439.25
Principal Collected 11,200,028.82
Additional Draw 5,950,215.75
III. Pool Balance
Beginning Balance 286,883,587.37 286,883,587.37
Principal Payments 13,860,353.92 13,860,353.92
Prin Pay Rev 2,660,325.10 2,660,325.10
Advances 6,974,846.71 6,974,846.71
Advance Rev 1,024,630.96 1,024,630.96
Liquidation Loss 0.00 0.00
Ending Balance 281,633,774.30 281,633,774.30
IV. Interest to Certificateholders
<TABLE>
<CAPTION>
TRANCH Beg. Balance Rate Schduled Int Int Shrtfall Disbrsed Int
<S> <C> <C> <C> <C> <C>
A-1 248,912,647.58 6.22050000% $ 1,333,310.97 $ 0.00 $ 1,333,310.97
A-2 27,832,057.58 6.17000000% $ 147,873.27 $ 0.00 $ 147,873.27
TOTAL 276,744,705.16 $ 1,481,184.24 $ 0.00 $ 1,481,184.24
SI 8,116,349.95 0.00000000% $ 70,895.65 $ 0.00 $ 70,895.65
TOTAL 8,116,349.95 $ 70,895.65 $ 0.00 $ 70,895.65
V. Principal to Certificateholders
TRANCH Beg. Balance Schduled Principal Recovered Loss Ending Principal Cert.
Factor
A-1 248,912,647.58 4,721,842.36 0.00 244,190,805.22
0.6826022
A-2 27,832,057.58 527,970.71 0.00 27,304,086.87
0.6826022
TOTAL 276,744,705.16 5,249,813.07 0.00
271,494,892.09
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 273,524,153.09
</TABLE>
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 Chase Manhattan Bank, N.A.
Beginning Balance 286,883,587.37
Rate 0.5000%
Servicing Fee 119,534.83
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 4,721,842.36 1,000.00 $ 13.1992678651
A-2 40,000,000.00 527,970.71 1,000.00 $ 13.1992677500
TOTAL 397,735,172.00 5,249,813.07
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.
A-1 357,735,172.00 1,333,310.97 1,000.00 $ 3.7270894068
A-2 40,000,000.00 147,873.27 1,000.00 $ 3.6968317500
TOTAL 397,735,172.00 1,481,184.24
SI 8,117,044.57 70,895.65 1,000.00 $ 8.7341703484
TOTAL 8,117,044.57 70,895.65
</TABLE>
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
30 DAYS 109 3,835,119.99
60 DAYS 12 565,156.90
90 DAYS 6 166,818.49
120+ DAYS 24 1,131,212.76
TOTAL 151 5,698,308.14
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 Chase Manhattan Bank, N.A.
Required Advances 0.00
Nonrecoverable Advances 0.00
<PAGE>
MONTHLY DETAIL REPORT
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Due Period : 28Beginning Date : 12/01/1997 End Date : 12/31/1997
Determination Date : 01/12/1998 Remittance Date : 01/15/1998
CHASE HOME EQUITY LOAN TRUST, Series 1995-1
I. Cash Received
SERVICER Chase Manhattan Bank, N.A. TOTAL
Principal Payments 13,860,353.92 13,860,353.92
Prin Pay Rev 2,660,325.10 2,660,325.10
Advances 6,974,846.71 6,974,846.71
Advance Rev 1,024,630.96 1,024,630.96
Interest Payments 2,861,820.02 2,861,820.02
Interest Pay Rev 236,380.77 236,380.77
Servicer Advance 0.00 0.00
Earnings on Spread Account 16,343.45 16,343.45
Loss Recovery 0.00 0.00
Total 7,891,595.77 7,891,595.77
II. Pool Balance
Beginning Balance 286,883,587.37 286,883,587.37
Principal Payments 13,860,353.92 13,860,353.92
Prin Pay Rev 2,660,325.10 2,660,325.10
Advances 6,974,846.71 6,974,846.71
Advance Rev 1,024,630.96 1,024,630.96
Liquidation Loss 0.00 0.00
Ending Balance 281,633,774.30 281,633,774.30
III. Totals
GROUP Principal Advances Interest
MORTGAGE GROUP ONE 11,200,028.82 5,950,215.75 2,625,439.25
IV. Servicing Fee
SERVICER Chase Manhattan Bank, N.A.
Beginning Balance 286,883,587.37
Rate 0.5000%
Servicing Fee 119,534.83
V. Servicing Advances
SERVICER Chase Manhattan Bank, N.A.
Current Advances 0.00
VI. Index Rates
Index Rate
2 5.980470%
3 5.900000%
VII. Number of Interest Days 31
VIII. Interest to Certificateholders
<TABLE>
<CAPTION>
TRANCH Beg. Balance Rate Schduled Int Int Shrtfall Disbrsed Int
<S> <C> <C> <C> <C> <C>
A-1 248,912,647.58 6.22050000% $ 1,333,310.97 $ 0.00 $ 1,333,310.97
A-2 27,832,057.58 6.17000000% $ 147,873.27 $ 0.00 $ 147,873.27
TOTAL 276,744,705.16 $ 1,481,184.24 $ 0.00 $ 1,481,184.24
SI 8,116,349.95 0.00000000% $ 70,895.65 $ 0.00 $ 70,895.65
TOTAL 8,116,349.95 $ 70,895.65 $ 0.00 $ 70,895.65
IX. Principal to Certificateholders
TRANCH Beg. Balance Schduled Principal Loss Recovery Ending Principal Cert.Factor
<S> <C> <C> <C> <C> <C>
A-1 248,912,647.58 4,721,842.36 0.00 244,190,805.22 0.6826021715
A-2 27,832,057.58 527,970.71 0.00 27,304,086.87 0.6826021718
TOTAL 276,744,705.16 5,249,813.07 0.00 271,494,892.09
SI 8,116,349.95 0.00 0.00 8,116,349.95 0.9999144245
TOTAL 8,116,349.95 0.00 0.00 8,116,349.95
</TABLE>
X. Residual Payments to Class SI
Total Cash Amount 7,891,595.77
Policy Premium 14,705.43
Servicing Fee 119,534.83
Principal Distribution 5,249,813.07
Interest Distribution 1,552,079.89
Reimbursed Servicing Adv 209,246.62
Spread Account 16,343.45
Residual Interest 729,872.48
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 4,721,842.36 1,000.00 $ 13.1992678651
A-2 40,000,000.00 527,970.71 1,000.00 $ 13.1992677500
TOTAL 397,735,172.00 5,249,813.07
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.
A-1 357,735,172.00 1,333,310.97 1,000.00 $ 3.7270894068
A-2 40,000,000.00 147,873.27 1,000.00 $ 3.6968317500
TOTAL 397,735,172.00 1,481,184.24
SI 8,117,044.57 70,895.65 1,000.00 $ 8.7341703484
TOTAL 8,117,044.57 70,895.65
XIII. Distribution to Tranches
TRANCH Disbursed Prin Disbursed Int Total Disbursement
A-1 4,721,842.36 1,333,310.97 6,055,153.33
A-2 527,970.71 147,873.27 675,843.98
TOTAL 5,249,813.07 1,481,184.24 6,730,997.31
SI 0.00 70,895.65 70,895.65
TOTAL 0.00 70,895.65 70,895.65
</TABLE>
XIV. Distributions from Interest Collection
Amount To Investor Interest 2,435,067.55
Policy Premium 14,705.43
Accrued Interest Paid 1,481,184.24
Overdue Accrued Interest 0.00
Reimbursed Servicer Advance 209,246.62
Liquidation Loss Amount 0.00
Past Due Liquidation Loss Amount 0.00
Draws from Policy 0.00
Accelerated Principal Dist. Amount 0.00
Spread Account 0.00
Carryover Amount 0.00
To the Seller 729,931.26
XV. Overcollateralized Amount
Beginning Balance 2,029,261.00
Additions 0.00
Subtractions 0.00
Ending Balance 2,029,261.00
Required Amount 2,029,261.00
XVI. Spread Account
Beginning Balance 3,538,981.41
Additions 0.00
Earnings 16,343.45
Amount Drawn 0.00
Ending Balance 3,538,981.41
Release of Excess Funds 16,343.45
Spread Account Requirement 3,538,981.41
XVII. Float Allocation Percentage
Beginning % 97.173201407461%
Ending % 97.120508280601%
XVIII. Prior Month Number of Loans
Beginning Loan Number 12061
Loans Paid Off 118
Ending Loan Number 11943
XIX. Delinquency Information for Due Period
PERIOD Number of Principal Balance
30 DAYS 109 3,835,119.99
60 DAYS 12 565,156.90
90 DAYS 6 166,818.49
120+ DAYS 24 1,131,212.76
TOTAL 151 5,698,308.14
FORECLOSR 0 0.00
TOTAL 0 0.00
REO 0 0.00
TOTAL 0 0.00
XX. Weighted Average Coupon Rate
A. GROUP MORTGAGE GROUP ONE
