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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-K
FOR ANNUAL AND TRANSITION REPORTS
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
- ----- SECURITIES EXCHANGE ACT OF 1934.
For the Fiscal Year Ended: December 31, 1999
OR
- ----- TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934.
For the transition period from _____ to _____
Commission file number 33-93570
Chase Manhattan Home Equity Loan Trust 1995-1 (issuer)
The Chase Manhattan Bank (originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
New York 13-4994650
(State of Other Jurisdiction of (IRS Employer
Incorporation or Organization) Identification Number)
270 Park Avenue, New York, New York 10017
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
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Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange of Which Registered
None N/A
Securities registered pursuant to Section 12(g) of the Act:
None
(Title of Each Class)
Indicate by 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 last 90 days: YES ___X___ NO _____
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. ___X___
State the aggregate market value of the voting and non-voting common
equity held by non-affiliates of the registrants. The aggregate market value
shall be computed by reference to the price at which the common equity was sold,
or the average bid and asked prices of such common equity, as of a specified
date within 60 days prior to the date of filing.
The registrant has no voting or non-voting common stock outstanding as of
the date of this report. The registrant is a trust that has issued
certificates of beneficial interest in the trust assets.
DOCUMENTS INCORPORATED BY REFERENCE.
List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document
is incorporated: (1) any annual report to security holders; (2) any proxy or
information statement; and (3) any prospectus filed pursuant to Rule 424(b) or
(c) under the Securities Act of 1933. The listed documents should be clearly
described for identification purposes (e.g., annual report to security holders
for fiscal year ended December 31, 1980).
None.
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Introductory Note
Chase Manhattan Home Equity Loan Trust 1995-1 (the "Trust") was formed
pursuant to a Pooling and Servicing Agreement (the "Agreement") between The
Chase Manhattan Bank (the "Bank"), as seller and servicer, and an unrelated
trustee (the "Trustee"). The Trust files reports pursuant to Sections 13 and
15(d) of the Securities Exchange Act of 1934, as amended the ("Exchange Act"),
in the Manner described in "no-action" letters submitted to the Office of the
Chief Counsel on behalf of the originators of comparable trusts.
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Part I
Item 1. Business
Omitted.
Item 2. Properties
The aggregate amount of charge-offs with respect to the assets of the
Trust for the year ended December 31, 1999 was $266,901.33. As of December 31,
1999, the aggregate Pool Balance of Receivables in the Trust was $170,850,618.21
and the aggregate principal balances of delinquent Receivables in the Trust were
as follows:
Delinquency Principal Balance
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30-59 days $1,791,331.49
60-89 days $ 422,103.73
90-120 days $ 51,759.97
120+ days $ 504,049.73
Item 3. Legal Proceedings
The Registrant knows of no material pending legal proceedings with
respect to the Trust, the Trustee or the Bank.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of security holders for any Series
during the fiscal year covered by this report.
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Part II
Item 5. Market for Registrant's Common Equity and Related Stockholders
Matters
The registrant has no voting stock or class of common stock outstanding
as of the date of this report. The beneficial interest in the Trust is
represented by certificates of beneficial interest (the "Certificates"). To the
Knowledge of the registrant, the Certificates are traded in the over-the-counter
market to a limited extent.
As of December 31, 1999, all of the Certificates were registered in the
name of CEDE and Co. The registrant understands that CEDE and Co. is the nominee
for the Depository Trust Company ("DTC"). The registrant further understands
that DTC has no knowledge of the actual beneficial owners of the Certificates
held of record by CEDE & Co., and that DTC knows only the identity of the
participants to those whose accounts such Certificates are credited, who may or
may not be the beneficial owners of the Certificates. The Commission has
concurred with the registrant's position that the registrant may consider
holders of interests in the DTC System or DTC participants to be "holders of
record" and the following information is presented on that basis:
Class # of Holders
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A-1 15
A-2 3
Total 18
Item 6. Selected Financial Data
Omitted.
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations
Omitted.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Not applicable.
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 Compliance
Omitted.
Item 12. Security Ownership of Certain Beneficial Owners and Management
For the purposes of this Item 12, the records of DTC indicate that at
December 31, 1999, the participants in the DTC system that held positions in
Certificates representing interests in the Trust equal to more than 5% of the
total principal amount of one or more classes of Certificates outstanding on
that date are as follows:
<TABLE>
<CAPTION>
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Chase Home Equity Loan Trust Name & Address of Participant Original % Class
Certificate
Principal Balance
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Series 1995-1
- ----------------------------------------------------------------------------------------------------
Class A-1 Bank of New York (The) 75,000,000 20.96%
925 Patterson Plank Rd.
Seacacus, NJ 07094
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The Bank of New York/ 28,000,000 7.83%
Credit Agricole
One Wall Street
New York, NY 10286
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Citibank, N.A. 60,000,000 16.77%
P. O. Box 30576
Tampa, FL 33630-3576
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Credit Suisse First Boston 47,600,000 13.31%
Corporation
C/O ADP Proxy Services
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HSBC Bank USA/Republic 35,000,000 9.78%
Investment Account
One Hanson Place, Lower Level
Brooklyn, NY 11243
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LBI-Lehman Government 30,735,000 8.59%
Securities Inc. (LBI)
101 Hudson Street
31st Floor
Jersey City, NJ 07302
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Northern Trust Company (The) 19,900,000 5.56%
801 S. Canal C-IN
Chicago, IL 60607
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Class A-2 Bank of New York (The) 5,000,000 12.50%
925 Patterson Plank Rd.
Seacus, NJ 07094
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Fuji Bank and Trust Company 25,000,000 62.50%
(The)
2 World Trade Center, 81st
Floor
New York, NY 10048
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HSBC Bank USA/Republic 10,000,000 25.00%
Investment Account
One Hanson Place, Lower Level
Brooklyn, NY 11243
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</TABLE>
Item 13. Certain Relationships and Related Transactions
None.
Part IV
Item 14. Exhibits, Financial Statement Schedules, and Reports of Form 8-K
Exhibits. No exhibits are being filed as part of this Annual Report on
Form 10-K.
The following reports were filed on Form 8-K in 1999:
Date Items Reported Financial Statements
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1/20/1999 5, 7 monthly report to
certificateholders
dated 1/15/1999
6/23/1999 5, 7 monthly report to
certificateholders
dated 2/15/1999,
3/15/1999, 4/15/1999
and 5/17/1999
6/30/1999 5, 7 monthly report to
certificateholders
dated 6/15/99
7/30/1999 5, 7 monthly report to
certificateholders
dated 7/15/99
8/27/1999 5, 7 monthly report to
certificateholders
dated 8/16/99
9/30/1999 5, 7 monthly report to
certificateholders
dated 9/15/99
10/29/1999 5, 7 monthly report to
certificateholders
dated 10/15/99
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11/19/1999 5, 7 monthly report to
certificateholders
dated 11/15/99
12/23/1999 5, 7 monthly report to
certificateholders
dated 12/15/99
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SIGNATURE
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.
Chase Manhattan Home Equity
Loan Trust 1995-1
by The Chase Manhattan Bank
By: /s/ Richard Dargan
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Name: Richard Dargan
Title: Vice President
Dated: March 29, 2000
