<PAGE>
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: July 15, 1999
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO OWNER TRUST 1998-C
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(Issuer)
Delaware 333-36939 13-2633612
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
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Item 5. Other Events:
On 7/15/99, Chase Manhattan Auto Owner Trust 1998-C (the "Trust") made the
distribution to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of June 1, 1998, (the "Sale and Servicing Agreement"),
between the Registrant, as Seller and Servicer, and the Trust, as Issuer.
A copy of the Certificateholder Report for such Distribution Date delivered
pursuant to section 5.8 of the Sale and Servicing Agreement is being filed as
Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Certificateholder's statement with respect
to the July 15, 1999 distribution.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: July 30, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Certificateholder Reports dated 7/15/1999
delivered pursuant to Section 5.8 of the Sale
and Servicing Agreement dated as of June 1, 1998.
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<TABLE>
<CAPTION>
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
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PERIOD 13 PAGE #1
DETERMINATION: 09-Jul-1999 Beginning 6/1/1999
DISTRIBUTION: 15-Jul-1999 Ending 6/30/1999
TIME: 7/27/1999 19:56
CLASS A-1 5.588% ASSET BACKED NOTES
CLASS A-2 5.747% ASSET BACKED NOTES
CLASS A-3 5.800% ASSET BACKED NOTES
CLASS A-4 5.850% ASSET BACKED NOTES
CLASS B-1 6.000% ASSET BACKED CERTIFICATES
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Notes $ 258,000,000.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
A-2 Notes $ 195,000,000.00 $ 90,611,676.92 $26,955,902.94 $ 434,911.77 $27,390,814.71 $ 63,855,672.98
A-3 Notes $ 325,000,000.00 $325,000,000.00 $ 0.00 $1,670,833.33 $ 1,570,833.33 $325,000,000.00
A-4 Notes $ 283,900,000.00 $283,900,000.00 $ 0.00 $1,384,012.50 $ 1,384,012.06 $283,800,000.00
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NOTE TOTALS $1,061,900,000.00 $699,711,676.92 $26,955,902.84 $3,359,757.80 $30,345,660.54 $672,766,672.98
- -----------------------------------------------------------------------------------------------------------------------------
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B-1 $ 32,889,211.45 $ 29,666,889.06 $ 833,687.72 $ 148,334.45 $ 982,022.17 $ 28,633,201.34
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CERTIFICATE TOTALS $ 32,889,211.45 $ 29,666,889.06 $ 833,687.72 $ 148,334.45 $ 982,022.17 $ 28,833,201.34
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TOTALS $1,094,789,211.45 $729,378,464.98 $27,789,590.66 $3,538,092.05 $31,327,682.71 $701,688,874.32
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</TABLE>
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
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A-1 0.00000000 0.00000000 0.00000000
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A-2 138.23539969 2.23031677 327.46498984
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A-3 0.00000000 4.83333332 1,000.00000000
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A-4 0.00000000 4.87500000 1,000.00000000
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Notes Totals 25.38459642 3.19216273 633.53957339
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B-1 25.34836450 4.51012485 876.67657778
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Certificate Totals 25.34836450 4.51012485 876.67657778
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TOTALS 25.38350796 3.23175641 640.84379621
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IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
===============================================================================
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 15TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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<PAGE>
<TABLE>
<CAPTION>
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
- -----------------------------------------------------------------------------------------------------------
PERIOD 13 PAGE #2
DETERMINATION: 09-Jul-1999 Beginning 6/1/1999
DISTRIBUTION: 15-Jul-1999 Ending 6/30/1999
TIME: 7/27/1999 19:56
per $1000
----------
<S> <C> <C>
Section 5.8 (iii) Servicing Fee $ 607,815.39 0.55518942
Section 5.8 (iv) Administration Fee $ 1,000.00 0.00081342
Section 5.8 (vi) Pool Balance at the end of the Collection Period $701,588,874.32
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $ 0.00
By Servicer $ 22,742.29
TOTAL $ 22,742.29
Section 5.8 (viii) Realized Net Losses for Collection Period $ 197,959.97
Section 5.8 (ix) Reserve Account Balance after Disbursement $ 21,047,666.23
Section 5.8 (x) Specified Reserve Account Balance $ 21,047,666.23
Section 5.8 (xi) Total Distribution Amount $ 33,369,408.38
Servicing Fee $ 607,815.39
Administrative Fee $ 1,000.00
Noteholders' Distribution Amount $ 30,345,660.54
Certificateholders' Distribution Amount $ 982,022.17
Deposit to Reserve Account $ 1,432,910.28
</TABLE>
<TABLE>
<CAPTION>
Section 5.8 (xii) Noteholders' Distributable Amount
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Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 $ 0.00 $ 0.00 $ 0.00 0.00000000 0.00000000 0.00000000
A-2 $26,955,902.94 $ 434,911.77 $27,390,814.71 138.23539969 2.23031677 140.46571648
A-3 $ 0.00 $1,570,833.33 $ 1,570,833.33 0.00000000 4.83333332 4.83333332
A-4 $ 0.00 $1,384,012.50 $ 1,384,012.50 0.00000000 4.87500000 4.87580000
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Total $26,956,902.94 $3,389,757.60 $30,346,660.54 25.38459642 3.19216273 28.57876816
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</TABLE>
<TABLE>
<CAPTION>
Section 5.8 (xiii) Certificateholders' Distributable Amount
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Class Principal Interest Total rin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
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<S> <C> <C> <C> <C> <C> <C>
B-1 $833,687.72 $148,334.45 $982,022.17 25.34836450 4.51012486 29.85848936
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Total $833,687.72 $148,334.45 $982,022.17 25.34836450 4.51012486 29.85848936
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Section 5.8 (xiv) Reserve Fund Transfer Amount $1,432,910.28
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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</TABLE>
