<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: August 16, 1999
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO TRUST 1998-B
(Issuer)
Delaware 333-36939 13-2633612
- ------------------------------ ------------------------- -------------------
(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
<PAGE>
Item 5. Other Events:
Chase Manhattan Auto Owner Trust 1998-B is the issuer of four
outstanding classes of Asset Backed Notes and a single class of Asset Backed
Certificates. The notes and certificates are serviced in accordance with the
Sale and Servicing Agreement, dated as of April 1, 1998, as amended. The parties
to the Sale and Servicing Agreement are: Chase Manhattan Bank USA, National
Association, as seller and as servicer, and Chase Manhattan Owner Trust, as
issuer.
On August 16, 1999, Chase USA, as servicer, distributed monthly
interest to the holders of the notes and certificates. Chase USA furnished a
copy of the monthly statement to certificateholders for each of the series as
required by the Sale and Servicing Agreement. A copy of the monthly statement to
certificateholders 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 Statement to Certificateholders with
respect to the August 16, 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: August 27, 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
-----------------
Exhibit No. Description
- ----------- ------------
20.1 Statement to Certificateholders dated 8/16/1999
delivered pursuant to Section 5.8 of the Sale
and Servicing Agreement dated as of April 1,
1998.
<PAGE>
Chase Manhattan Auto Owner Trust 1998-B
Statement to Certificateholders
August 16, 1999
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 250,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 200,000,000.00 6,510,148.75 6,510,148.75 31,080.54 6,541,229.29 0.00 0.00 0.00
A3 321,000,000.00 321,000,000.00 18,345,020.28 1,538,125.00 19,883,145.28 0.00 0.00 302,654,979.72
A4 282,800,000.00 282,800,000.00 0.00 1,366,866.67 1,366,866.67 0.00 0.00 282,800,000.00
B1 32,604,142.65 32,604,142.65 0.00 164,379.22 164,379.22 0.00 0.00 32,604,142.65
TOTALS 1,086,404,142.65 642,914,291.40 24,855,169.03 3,100,451.43 27,955,620.46 0.00 0.00 618,059,122.37
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.578000 %
A2 32.55074375 32.55074375 0.15540270 32.70614645 0.00000000 A2 5.729000 %
A3 1,000.00000000 57.14959589 4.79166667 61.94126255 942.85040411 A3 5.750000 %
A4 1,000.00000000 0.00000000 4.83333335 4.83333335 1,000.00000000 A4 5.800000 %
B1 1,000.00000000 0.00000000 5.04166669 5.04166669 1,000.00000000 B1 6.050000 %
TOTALS 591.78188499 22.87838204 2.85386562 25.73224766 568.90350295
</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] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1998-B
August 16, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 16
Due Period Beginning Date 07/01/99
Due Period End Date 07/31/99
Determination Date 08/10/99
Section 5.8(iii) Servicing Fee 535,761.91
Section 5.8(iii) Servicing Fee per $1000 0.493152
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.000920
Section 5.8(vi) Pool Balance at the end of the
Collection Period 618,059,122.37
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 42,699.02
TOTAL 42,699.02
Section 5.8(viii) Realized Net Losses for Collection Period 174,593.62
Section 5.8(ix) Reserve Account Balance after Disbursement 18,541,773.67
Section 5.8(x) Specified Reserve Account Balance 18,541,773.67
Section 5.8(xi) Total Distribution Amount 29,550,257.30
Servicing Fee 535,761.91
Administration Fee 1,000.00
Noteholders Distribution Amount 27,791,241.24
Certficateholders Distribution Amount 164,379.22
Deposit to Reserve Account 1,057,874.93
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
