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Previous: CHASE MANHATTAN BANK USA, 8-K, 1998-04-24 |
Next: CHASE MANHATTAN BANK USA, 8-K/A, 1998-04-24 |
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: April 15, 1998
-----------------------------------
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
--------------------------------------------
(Issuer with respect to Certificates)
New York 33-94460 13-2633612
--------------- ----------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
270 Park Avenue, New York, NY 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 4/15/98 Chase Manhattan Grantor Trust 1996-B (the "Trust")
made the distribution to Certificateholders contemplated by the Pooling
and Servicing Agreement, dated as of September 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 Exhibit 20.1 to this Current Report on Form 8-K.
Item 7 (c). Exhibits
--------
Exhibit Description
------- -----------
20.1 Monthly Certificateholder's statement with respect to the
April 15, 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.
CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION
/s/ Patricia Garvey
-----------------------------
By: Patricia Garvey
Title: Vice President
Date: April 23, 1998
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibits Description
-------- -----------
20.1 Certificateholder Report dated
4/13/98 delivered pursuant to
Section 5.7 of the Pooling and
Servicing Agreement as of
September 1, 1996.
CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
PERIOD 19 PAGE # 1
DETERMINATION: 9-Apr-98 Beginning 3/1/98
DISTRIBUTION: 15-Apr-98 Ending 3/31/98
TIME: 4/13/98 13:57
CLASS A 6.61% ASSET BACKED CERTIFICATES
CLASS B 6.76% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C> <C> <C> <C>
A $1,478,422,107.71 $789,491,405.82 $38,444,659.24 $4,348,781.83 $42,793,441.07 $751,046,746.58
B $45,725,000.00 $24,417,583.00 $1,189,025.81 $137,552.38 $1,326,578.19 $23,228,557.19
TOTALS $1,524,147,107.71 $813,908,988.82 $39,633,685.05 $4,486,334.21 $44,120,019.26 $774,275,303.77
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
<S> <C> <C> <C>
A 26.00384494 2.94150216 508.00562482
B 26.00384494 3.00825325 508.00562471
Totals 26.00384494 2.94350472 508.00562482
</TABLE>
<PAGE>
CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
PERIOD 19 PAGE # 2
DETERMINATION: 9-Apr-98 Beginning 3/1/98
DISTRIBUTION: 15-Apr-98 Ending 3/31/98
TIME: 4/13/98 13:57
per $1000
Section 5.8 (iii) Servicing Fee $678,257.49 .44500789
<TABLE>
<CAPTION>
Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
<S> <C> <C> <C> <C> <C> <C>
A $38,444,659.24 $4,348,781.83 $42,793,441.07 26.00384494 2.94150216 28.94534710
B $1,189,025.81 $137,552.38 $1,326,578.19 26.00384494 3.00825325 29.01209820
Total $39,633,685.05 $4,486,334.21 $44,120,019.26 26.00384494 2.94350472 28.94734966
Section 5.8 (v) Pool Balance at the end of the Collection Period $774,275,303.77
Section 5.8 (vi) Aggregate Net Losses for Collection Period $560,248.97
Section 5.8 (vii) Carryover Shortfall for Collection Period
Class A Interest 0.00
Class B Interest 0.00
Class A Principal 0.00
Class B Principal 0.00
TOTAL 0.00
Section 5.8 (viii)Reserve Account Balance after Disbursement $25,163,947.37
Section 5.8 (ix) Specified Reserve Account Balance $25,163,947.37
Section 5.8 (x) Repurchase Amounts for Repurchased Receivables
Seller $0.00
Servicer $0.00
TOTAL $0.00
Section 5.8 (xi) Advance Summary for Collection Period
Unreimbursed Advances for Period $4,377,134.81
Unreimbursed Advances for Previous Period $4,529,606.25
Change from Previous Period ($152,471.44)
Reimbursed Advance from Collections $1,052,096.48
Reimbursed Advance from Liquidation Proceeds $32,999.65
Reimbursed Advance from Reserve Account Withdrawals $0.00
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
</TABLE>
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