CHASE MANHATTAN BANK /NY/
8-K, 1998-03-24
ASSET-BACKED SECURITIES
Previous: COHEN & STEERS REALTY INCOME FUND INC, DEF 14A, 1998-03-24
Next: CENTURY HILLCRESTE APARTMENT INVESTORS L P, NT 10-K, 1998-03-24




                       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: March 23, 1998
                      ------------------------------------


                            THE CHASE MANHATTAN BANK
              (formerly known as "The Chase Manhattan Bank, N.A.")
             ------------------------------------------------------
                  (Originator of the Trust referred to herein)
             (Exact name of registrant as specified in its charter)


                      CHASE MANHATTAN GRANTOR TRUST 1995-B
                  --------------------------------------------
                      (Issuer with respect to Certificates)


         New York            33-98308               13-2633612
      ---------------     -----------------       ------------------
      (State or other      (Commission            (IRS Employer
      jurisdiction of      File Number)         Identification No.)
      incorporation)


      270 Park Avenue, New York, New York               10017
      -------------------------------------------       ----------
      (Address of principal executive offices)          (Zip code)


                                (212) 270-6000
                ---------------------------------------------------
                (Registrant's telephone number, including area code)


<PAGE>

Item 5. Other Events

     On 3/16/1998, Chase Manhattan  Grantor Trust 1995-B (the "Trust") made the
distribution  to  Certificateholders  contemplated  by the Pooling and Servicing
Agreement,  dated as of November 1, 1995, (the "Pooling & Servicing Agreement"),
between the Registrant,  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 5.7 of the Pooling and
Servicing Agreement is being filed as an exhibit to this Current Report on Form
8-K.


Item 7 (c). Exhibits
            --------

  Exhibit   Description
  -------   -----------

  20.1      Monthly Certificateholder's statement with respect to the
            March  16, 1998 distribution.



<PAGE>

                              SIGNATURES
                              ----------


      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. Schiralli
                                            ------------------------
                                            By:    William J. Schiralli
                                            Title: Vice President


Date: March 23, 1998


<PAGE>

                                INDEX TO EXHIBITS
                                -----------------

                                              
   Exhibit               Description                          
   -------               -----------                          

     20.1                Certificateholder Report dated       
                         3/5/1998 delivered pursuant to
                         Section 5.7 of the Pooling and  
                         Servicing  Agreement dated 
                         as of November 1, 1995.




     
                                                       Exhibit 20.1


Creation Date Thu Mar  5, 1998  02:25 PM                            Page    1
CMB95B

From: The Chase Manhattan Bank

To:   Norwest Bank Minnesota, N.A.


                   MONTHLY CERTIFICATEHOLDER'S REPORT
                   ----------------------------------

Due Period 28 Beginning Date                     02/01/1998
Due Period 28 End Date                           02/28/1998
Determination Date                               03/10/1998
Remittance Date                                  03/16/1998


I.    Monthly Principal and Principal Carryover Shortfall to Certificateholders
      (Per $1000 of Original Principal Amount)                  $ 16.8908048456

II.   Monthly Interest and Unpaid Interest to Certificateholders
      (Per $1000 of Original Principal Amount)                   $ 1.2965347053

III.  Monthly Expenses Summary

      A. Servicing Fee Disbursement                                $ 328,740.37
      B. Cash Collateral Account Expense                                 $ 0.00
      C. Total Expenses paid
         (per $1000 of Original Principal Amount)                $ 0.2197516464

IV.   Cash Collateral Account Deposit Amount                             $ 0.00

V.    Outstanding Advance Summary

      A. From Prior Period                                       $ 3,917,174.25
      B. From Current Period                                     $ 4,055,658.24
      C. Change in Amount Between Periods (Lines B - A)            $ 138,483.99

VI.   Pool Factor Information

      A. Certificate Principal Balance                         $ 369,220,418.68
      B. Initial Certificate Balance                         $ 1,495,963,171.74
      C. Pool Factor (Lines A / B)                               0.246811168654

VII.  Available Cash Collateral Account Information for Due Period

      A. Available Cash Collateral Amount                       $ 19,724,422.03
      B. Available Cash Collateral Amount Percentage            4.999999999113%

VIII. Required Cash Collateral Amount

      A. For the Current Collection Period                      $ 19,724,422.03
      B. For the Next Collection Period                         $ 18,461,020.93



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission