CHASE MANHATTAN BANK USA
8-K, 1999-07-30
ASSET-BACKED SECURITIES
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<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
           --------------------------------------------------------
                 (Originator of the Trust referred to herein)
          (Exact name of the registrant as specified in its charter)


                  CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
              --------------------------------------------------
                     (Issue with respect to Certificates)


         New York                         33-7575                13-2633612
- ------------------------------   -------------------------  -------------------
(State or other jurisdiction     (Commission File Number)   (IRS Employer
of incorporation)                                           Identification No.)


              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

<PAGE>


Item 5.  Other Events:


         On 7/15/99, Chase Manhattan Auto 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 Report on Form 8-K.


Item 7(c).   Exhibit

             Exhibits          Description
             --------          -----------

             20.1              Monthly Certificateholder's statements with
                               respect to the July 15, 1999 distribution.


<PAGE>


                                   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
                                       ----------------------------
                                       Name:    Patricia Garvey
                                       Title:   Vice President


<PAGE>


                                 INDEX TO EXHIBITS
                                 -----------------

Exhibit No.                      Description
- ---------------                  --------------
20.1                             Certificateholder Report dated 7/15/1999
                                 delivered pursuant to Section 5.7 of the
                                 Pooling and Servicing Agreement dated as of
                                 September 1, 1996.




<PAGE>


                       CHASE MANHATTAN AUTO GRANTOR TRUST

                                  SERIES 1996-B
                         STATEMENT TO CERTIFICATEHOLDERS



        PERIOD 34                                                  PAGE # 1
DETERMINATION: 9-Jul-99                                        Beginning 6/1/99
 DISTRIBUTION: 15-Jul-99                                          Ending 6/30/99
         TIME: 7/27/99 16:27


                     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    $339,072,864.76     $24,822,745.22   $1,867,726.36     $26,690,471.58    $314,250,119.54
         B               $45,725,000.00     $10,486,928.36        $767,723.93      $59,076.36        $826,800.29      $9,719,204.43





- ------------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS    $1,524,147,107.71    $349,559,793.12     $25,590,469.15   $1,926,802.72     $27,517,271.87    $323,969,323.97
- ------------------------------------------------------------------------------------------------------------------------------------

</TABLE>

================================================================================


                                     FACTOR INFORMATION PER $1,000


                          PRINCIPAL          INTEREST         END PRINCIPAL
       CLASS             DISTRIBUTION      DISTRIBUTION          BALANCE
- -----------------------------------------------------------------------------
         A                16.79002572        1.26332416         212.55777893
- -----------------------------------------------------------------------------
         B                16.79002581        1.29199256         212.55777868
- -----------------------------------------------------------------------------

- -----------------------------------------------------------------------------
Certificate Totals        16.79002573        1.26418422         212.55777893
- -----------------------------------------------------------------------------




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




(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------


<PAGE>

                       CHASE MANHATTAN AUTO GRANTOR TRUST
                                  SERIES 1996-B
                         STATEMENT TO CERTIFICATEHOLDERS

        PERIOD 34                                                  PAGE     #2
DETERMINATION: 9-Jul-99                                       Beginning 6/1/99
 DISTRIBUTION: 15-Jul-99                                         Ending 6/30/99
         TIME: 7/27/99 16:27



                                                                       per $1000
Section 5.8 (iii)       Servicing Fee            $291,299.83           .19112317


<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       $24,822,745.22     $1,867,726.36    $26,690,471.58          16.79002572          1.26332416            18.05334988
      B          $767,723.93        $59,076.36       $826,800.29          16.79002581          1.29199256            18.08201837




- ------------------------------------------------------------------------------------------------------------------------------------
    Total     $25,590,469.15     $1,926,802.72    $27,517,271.87          16.79002573          1.26418422            18.05420995
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                                                                                    <C>
Section 5.8 (v)         Pool Balance at the end of the Collection Period                               $323,969,323.97


Section 5.8 (vi)        Aggregate Net Losses for Collection Period                                         $162,211.19


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                                      $11,431,103.00



Section 5.8 (ix)        Specified Reserve Account Balance                                               $11,431,103.00



Section 5.8 (x)         Repurchase Amounts for Repurchased Receivables
                                                Seller                                                           $0.00
                                                Servicer                                                   $210,495.10
                                                  TOTAL                                                    $210,495.10



Section 5.8 (xi)        Advance Summary for Collection Period
                                      Unreimbursed Advances for Period                                   $4,197,942.85
                                      Unreimbursed Advances for Previous Period                          $4,356,019.31
                                      Change from Previous Period                                         ($158,076.46)

                                     Reimbursed Advance from Collections                                   $498,551.18
                                     Reimbursed Advance from Liquidation Proceeds                           $10,990.88
                                     Reimbursed Advance from Reserve Account Withdrawals                         $0.00

</TABLE>



(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK




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