<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: June 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 1997-B
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(Issuer with respect to Certificates)
Delaware 333-7575 13-2633612
- ------------------ ------------------------ -------------------
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
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
<PAGE>
Item 5. Other Events:
On 6/15/99, Chase Manhattan Auto Owner Trust 1997-B (the "Trust") made
the distribution to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of June 1, 1997, (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 Dates
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 June 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: June 30, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
---------------------------
Name: Patricia Garvey
Title: Vice President
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INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- ----------- -----------
20.1 Certificateholder Reports dated 6/15/1999
delivered pursuant to Section 5.8 of the
Sale and Servicing Agreement dated as of
June 1, 1997.
<PAGE>
Chase Manhattan Auto Owner Trust 1997-B
Statement to Certificateholders
June 15, 1999
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR
FACE PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL
<S> <C> <C> <C> <C>
A1 200,000,000.00 0.00 0.00 0.00
A2 294,000,000.00 0.00 0.00 0.00
A3 227,000,000.00 162,242,667.73 858,534.12 19,874,272.48
A4 133,000,000.00 133,000,000.00 720,416.67 0.00
A5 70,000,000.00 70,000,000.00 385,000.00 0.00
B1 29,148,275.79 29,148,275.79 163,959.05 0.00
TOTALS 953,148,275.79 394,390,943.52 2,127,909.84 19,874,272.48
<CAPTION>
DISTRIBUTION IN DOLLARS
REALIZED DEFERRED CURRENT
PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C>
A1 0.00 0.00 0.00 0.00
A2 0.00 0.00 0.00 0.00
A3 20,732,806.60 0.00 0.00 142,368,395.25
A4 720,416.67 0.00 0.00 133,000,000.00
A5 385,000.00 0.00 0.00 70,000,000.00
B1 163,959.05 0.00 0.00 29,148,275.79
TOTALS 22,002,182.32 0.00 0.00 374,516,671.04
</TABLE>
<TABLE>
<CAPTION>
PASS-THROUGH
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR INTEREST PRINCIPAL TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A1 0.0000000 0.000000 0.000000 0.000000 0.0000000 A1 5.744000 %
A2 0.0000000 0.000000 0.000000 0.000000 0.0000000 A2 6.100000 %
A3 714.7254085 3.782089 87.551861 91.333950 627.1735474 A3 6.350000 %
A4 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A4 6.500000 %
A5 1,000.0000000 5.500000 0.000000 5.500000 1,000.0000000 A5 6.600000 %
B1 1,000.0000000 5.625000 0.000000 5.625000 1,000.0000000 B1 6.750000 %
TOTALS 413.7771148 2.232507 20.851187 23.083693 392.9259283
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT
THE ADMINISTRATOR LISTED BELOW:
Kimberly Costa
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-3247
Email: [email protected]
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Auto Owner Trust 1997-B
June 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 24
Due Period Beginning Date 05/01/99
Due Period End Date 05/31/99
Determination Date 06/10/99
Section 5.8(iii) Servicing Fee 328,659.12
Section 5.8(iii) Servicing Fee per $1000 0.344814
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.001049
Section 5.8(vi) Pool Balance at the end of the Collection
Period 374,516,671.04
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 98,322.60
TOTAL 98,322.60
Section 5.8(viii) Realized Net Losses for Collection Period 278,337.85
Section 5.8(ix) Reserve Account Balance after Disbursement 11,235,500.13
Section 5.8(x) Specified Reserve Account Balance 11,235,500.13
Section 5.8(xi) Total Distribution Amount 22,547,081.61
Servicing Fee 328,659.12
Administration Fee 1,000.00
Noteholders Distribution Amount 21,838,223.27
Certficateholders Distribution Amount 163,959.05
Deposit to Reserve Account 215,240.17
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