CHASE MANHATTAN BANK /NY/
8-K, 1998-03-03
ASSET-BACKED SECURITIES
Previous: TYCO INTERNATIONAL LTD /BER/, 424B5, 1998-03-03
Next: CHASE MANHATTAN BANK /NY/, 8-K, 1998-03-03






                       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 2, 1998
                       -----------------------------------


                            THE CHASE MANHATTAN BANK
             ------------------------------------------------------
                  (Originator of the Trust referred to herein)
             (Exact name of registrant as specified in its charter)


                      CHASE MANHATTAN GRANTOR TRUST 1996-A
                  --------------------------------------------
                      (Issuer with respect to Certificates)


       New York              33-99546                 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 2/17/1998,  Chase Manhattan  Grantor Trust 1996-A (the "Trust") made the
distribution  to  Certificateholders  contemplated  by the Pooling and Servicing
Agreement,  dated as of February 1, 1996, (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 2, 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 2, 1998

<PAGE>

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

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

     20.1                 Certificateholder Report dated         
                          2/17/1998 delivered pursuant
                          to Section 5.7 of the Pooling 
                          and  Servicing  Agreement dated
                          as of February 1, 1996.



Creation Date Fri Feb  6, 1998  05:32 PM                            Page    1
CMB96A

From: The Chase Manhattan Bank

To:   Norwest Bank Minnesota, N.A.


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

Due Period 24 Beginning Date                     01/01/1998
Due Period 24 End Date                           01/31/1998
Determination Date                               02/10/1998
Remittance Date                                  02/17/1998


I.    Monthly Principal and Principal Carryover Shortfall to Certificateholders
      (Per $1000 of Original Principal Amount)                  $ 20.0022218842

II.   Monthly Interest and Unpaid Interest to Certificateholders
      (Per $1000 of Original Principal Amount)                   $ 1.6103294793

III.  Monthly Expenses Summary

      A. Servicing Fee Disbursement                                $ 456,548.15
      B. Cash Collateral Account Expense                                 $ 0.00
      C. Total Expenses paid
         (per $1000 of Original Principal Amount)                $ 0.3096787434

IV.   Cash Collateral Account Deposit Amount                             $ 0.00

V.    Outstanding Advance Summary

      A. From Prior Period                                       $ 4,063,939.34
      B. From Current Period                                     $ 3,793,149.51
      C. Change in Amount Between Periods (Lines B - A)           $ -270,789.83

VI.   Pool Factor Information

      A. Certificate Principal Balance                         $ 518,369,233.54
      B. Initial Certificate Balance                         $ 1,474,263,764.33
      C. Pool Factor (Lines A / B)                               0.351612273246

VII.  Available Cash Collateral Account Information for Due Period

      A. Available Cash Collateral Amount                       $ 27,392,889.22
      B. Available Cash Collateral Amount Percentage            4.999999999361%

VIII. Required Cash Collateral Amount

      A. For the Current Collection Period                      $ 27,392,889.22
      B. For the Next Collection Period                         $ 25,918,461.68



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