<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 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 OWNER TRUST 1997-A
- - - - - - - - - - - - - - - - - - - - - - - - - -
(Issue with respect to Certificates)
Delaware 333-7575 13-2633612
- ---------------------------- ------------------------ -------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
- - - - - - - - - - - - - - - - - - - - - - - - - - -
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
<PAGE>
Item 5. Other Events:
On 3/15/99, Chase Manhattan Auto Owner Trust 1997-A (the "Trust")
made the distribution to Certificateholders contemplated by the Sale and
Servicing Agreement, dated as of February 28, 1997, (the "Sale and Servicing
Agreement"), between the Registrant, as Seller and Servicer, and the Trust, as
Issuer.
On 4/15/99, Chase Manhattan Auto Owner Trust 1997-A (the "Trust")
made the distribution to Certificateholders contemplated by the Sale and
Servicing Agreement, dated as of February 28, 1997, (the "Sale and Servicing
Agreement"), between the Registrant, as Seller and Servicer, and the Trust, as
Issuer.
On 5/17/99, Chase Manhattan Auto Owner Trust 1997-A (the "Trust")
made the distribution to Certificateholders contemplated by the Sale and
Servicing Agreement, dated as of February 28, 1997, (the "Sale and Servicing
Agreement"), between the Registrant, as Seller and Servicer, and the Trust, as
Issuer.
A copy of the Certificateholder Reports for such Distribution Dates
delivered pursuant to section 5.8 of the Sale and Servicing Agreement are
being filed as Exhibits 20.1, 20.2. and 20.3 to this Current Report on Form
8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Certificateholder's statement
with respect to the March 15, 1999
distribution.
20.2 Monthly Certificateholder's statement
with respect to the April 15, 1999
distribution.
20.3 Monthly Certificateholder's statement
with respect to the May 17, 1999
distribution.
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- --------------- -----------------
20.1 Certificateholder Reports dated 3/15/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing
Agreement dated as of February 28, 1997.
20.2 Certificateholder Reports dated 4/15/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing
Agreement dated as of February 28, 1997.
20.3 Certificateholder Reports dated 5/17/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing
Agreement dated as of February 28, 1997.
<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: June 23, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
----------------------------
Name: Patricia Garvey
Title: Vice President
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 24 PAGE # 1
DETERMINATION:10-Mar-99 Beginning 2/1/99
DISTRIBUTION: 15-Mar-99 Ending 2/28/99
TIME: 4/13/99 11:05
CLASS A-1 5.545% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.950% ASSET BACKED NOTES
CLASS A-3 6.250% ASSET BACKED NOTES
CLASS A-4 6.400% ASSET BACKED NOTES
CLASS A-5 6.500% ASSET BACKED NOTES
CLASS B-1 6.650% 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 Notes $250,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-2 Notes $365,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-3 Notes $270,000,000.00 $197,115,747.66 $23,809,246.60 $1,026,644.52 $24,835,891.12 $173,306,501.06
A-4 Notes $165,000,000.00 $165,000,000.00 $0.00 $880,000.00 $880,000.00 $165,000,000.00
A-5 Notes $85,500,000.00 $85,500,000.00 $0.00 $463,125.00 $463,125.00 $85,500,000.00
- -------------------------------------------------------------------------------------------------------------------------------
NOTE TOTALS $1,135,500,000.00 $447,615,747.66 $23,809,246.60 $2,369,769.52 $26,179,016.12 $423,806,501.06
- -------------------------------------------------------------------------------------------------------------------------------
B-1 $35,153,718.13 $35,153,718.13 $0.00 $194,810.19 $194,810.19 $35,153,718.13
- -------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS $35,153,718.13 $35,153,718.13 $0.00 $194,810.19 $194,810.19 $35,153,718.13
- -------------------------------------------------------------------------------------------------------------------------------
TOTALS $1,170,653,718.13 $482,769,465.79 $23,809,246.60 $2,564,579.71 $26,373,826.31 $458,960,219.19
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
FACTOR INFORMATION PER $1,000
<TABLE>
<CAPTION>
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00000000 0.00000000 0.00000000
- -------------------------------------------------------------------------------------
A-2 0.00000000 0.00000000 0.00000000
- -------------------------------------------------------------------------------------
A-3 88.18239481 3.80238711 641.87592985
- -------------------------------------------------------------------------------------
A-4 0.00000000 5.33333333 1,000.00000000
- -------------------------------------------------------------------------------------
A-5 0.00000000 5.41666667 1,000.00000000
- -------------------------------------------------------------------------------------
Notes Totals 20.96807274 2.08698328 373.23337830
- -------------------------------------------------------------------------------------
B-1 0.00000000 5.54166672 1,000.00000000
- -------------------------------------------------------------------------------------
Certificate Totals 0.00000000 5.54166672 1,000.00000000
- -------------------------------------------------------------------------------------
TOTALS 20.33841966 2.19072444 392.05463758
- -------------------------------------------------------------------------------------
</TABLE>
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
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 24 PAGE # 2
DETERMINATION: 10-Mar-99 Beginning 2/1/99
DISTRIBUTION: 15-Mar-99 Ending 2/28/99
TIME: 4/13/99 11:05
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C>
Section 5.8 (iii) Servicing Fee $402,307.89 0.34366088
Section 5.8 (iv) Administration Fee $1,000.00 0.00085422
Section 5.8 (vi) Pool Balance at the end of the Collection Period 458,960,219.19
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $0.00
By Servicer $158,072.37
TOTAL $158,072.37
Section 5.8 (viii) Realized Net Losses for Collection Period $367,627.06
Section 5.8 (ix) Reserve Account Balance after Disbursement $13,768,806.58
Section 5.8 (x) Specified Reserve Account Balance $13,768,806.58
Section 5.8 (xi) Total Distribution Amount $26,981,706.93
Servicing Fee $402,307.89
Administrative Fee $1,000.00
Noteholders' Distribution Amount $26,179,016.12
Certificateholders' Distribution Amount $ 194,810.19
Deposit to Reserve Account $204,572.73
</TABLE>
Section 5.8 (xii) Noteholders' Distributable Amount
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
Prin (per Int (per Total (per
Class Principal Interest Total $1000/orig) $1000/orig) $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 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000
A-3 $23,809,246.60 $1,026,644.52 $24,835,891.12 88.18239481 3.80238711 91.98478193
A-4 $0.00 $880,000.00 $880,000.00 0.00000000 5.33333333 5.33333333
A-5 $0.00 $463,125.00 $463,125.00 0.00000000 5.41666667 5.41666667
---------------------------------------------------------------------------------------------------------------
Total $23,809,246.60 $2,369,769.52 $26,179,016.12 20.96807274 2.08698328 23.05505603
---------------------------------------------------------------------------------------------------------------
Section 5.8 (xiii) Certificateholders' Distributable Amount
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
Prin (per Int (per Total (per
Class Principal Interest Total $1000/orig) $1000/orig) $1000/orig)
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
B-1 $0.00 $194,810.19 $194,810.19 0.00000000 5.54166672 5.54166672
--------------------------------------------------------------------------------------------------------------
Total $0.00 $194,810.19 $194,810.19 0.00000000 5.54166672 5.54166672
--------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiv) Reserve Fund Transfer Amount $ 204,572.73
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
Statement to Certificateholders
April 15, 1999
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR REALIZED DEFERRED CURRENT
FACE PRINCIPAL PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL 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 365,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 270,000,000.00 173,306,501.06 902,638.03 26,229,828.14 27,132,466.17 0.00 0.00 147,076,672.92
A4 165,000,000.00 165,000,000.00 880,000.00 0.00 880,000.00 0.00 0.00 165,000,000.00
A5 85,500,000.00 85,500,000.00 463,125.00 0.00 463,125.00 0.00 0.00 85,500,000.00
B1 35,153,718.13 35,153,718.13 194,810.19 0.00 194,810.19 0.00 0.00 35,153,718.13
TOTALS 1,170,653,718.13 458,960,219.19 2,440,573.22 26,229,828.14 28,670,401.36 0.00 0.00 432,730,391.05
<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 5.545000 %
A2 0.0000000 0.000000 0.000000 0.000000 0.0000000 A2 5.950000 %
A3 641.8759299 3.3431049 7.147512 100.490615 544.7284182 A3 6.250000 %
A4 1,000.0000000 5.333333 0.000000 5.333333 1,000.0000000 A4 6.400000 %
A5 1,000.0000000 5.416667 0.000000 5.416667 1,000.0000000 A5 6.500000 %
B1 1,000.0000000 5.541667 0.000000 5.541667 1,000.0000000 B1 6.650000 %
TOTALS 392.0546376 2.0847952 2.406137 24.490933 369.6485001
</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 1997-A
April 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 25
Due Period Beginning Date 03/01/99
Due Period End Date 03/31/99
Determination Date 04/09/99
<TABLE>
<S> <C> <C>
Section 5.8(iii) Servicing Fee 382,466.85
SectFion 5.8(iii) Servicing Fee per $1000 0.326712
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.000854
Section 5.8(vi) Pool Balance at the end of the Collection Period 432,730,391.05
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 117,359.16
TOTAL 117,359.16
Section 5.8(viii) Realized Net Losses for Collection Period 280,370.13
Section 5.8(ix) Reserve Account Balance after Disbursement 12,981,911.73
Section 5.8(x) Specified Reserve Account Balance 12,981,911.73
Section 5.8(xi) Total Distribution Amount 29,623,646.97
Servicing Fee 382,466.85
Administration Fee 1,000.00
Noteholders Distribution Amount 28,475,591.17
Certficateholders Distribution Amount 194,810.19
Deposit to Reserve Account 569,778.77
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
I. Avaliable Amount in the Collection Account
A.Credits
1. Payments from Obligors Applied to Collection Period
<TABLE>
<CAPTION>
<S> <C>
a. Principal Payments 25,732,150.83
b. Other Interest Payments 3,659,696.74
c. Total 29,391,847.57
2. Proceeds from Repurchased Receivables
a. Principal Before Cutoff Date 0.00
b. Interest Before Cutoff Date 0.00
c. Principal Payments 112,540.35
d. Recovery of Advance 4,105.69
e. Other Interest Payments 713.12
f. Total 117,359.16
3. Reversal from Defaulted Contracts 0.00
4. Recovery of Defaulted Receivables 114,440.24
5. Advance Recoveries Before Cutoff Date
a. Principal 0.00
b. Interest 0.00
c. Total 0.00
6. Net Adjustments 0.00
7. Reserve Fund Transfer Amount 0.00
8. Overpayment From Obligors 0.00
9. Total Credits 29,623,646.97
B. Debits
1. Overpayments From Obligors 0.00
2. Advance Recovery Amount Before Cutoff Data to Seller
a. Principal 0.00
b. Interest. 0.00
c. Total 0.00
3. Reversal of Defaulted Contracts 0.00
4. Total Debits 0.00
C. Total Available Amount (Lines A-B) 29,623,646.97
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
II. Liquidation Proceeds on Defaulted Receivables for the
Collection Period
<TABLE>
<S> <C>
A. Principal 385,136.96
B. Interest 17,822.70
C. Total 402,959.66
III. Disbursements from Collection Account
A. Avalaible Distribution Amount
1. Available Distribution Amount 29,623,646.97
2. Reserve Account Transfer Amount 0.00
3. Total Distribution Amount 29,623,646.97
B. Monthly Servicing Fee 382,466.85
C. Monthly Administration Fee 1,000.00
D. Noteholders Interest Distributable Amount 2,245,763.03
E. Certificateholders Interest Distributable Amount 194,810.19
F. Noteholders Principal Distributable Amount 26,229,828.14
G. Certificateholders Principal Distributable Amount 0.00
H. Deposit to Reserve Account 569,778.77
IV. Monthly Disbursements
A. Pool Servicing Fee
a. Monthly Servicing Fee 382,466.85
b. Unpaid Monthly Servicing Fee 0.00
c. Total 382,466.85
B. Administrative Fee
a. Monthly Administration Fee 1,000.00
b. Unpaid Monthly Administration Fee 0.00
c. Total 1,000.00
C. Noteholders' Interest Distributable Amount
Class A-1 Monthly Interest 0.00
Class A-1 Carryover Shortfall 0.00
Class A-1 Total 0.00
Class A-2 Monthly Interest 0.00
Class A-2 Carryover Shortfall 0.00
Class A-2 Total 0.00
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
<TABLE>
<S> <C>
Class A-3 Monthly Interest 902,638.03
Class A-3 Carryover Shortfall 0.00
Class A-3 Total 902,638.03
Class A-4 Monthly Interest 880,000.00
Class A-4 Carryover Shortfall 0.00
Class A-4 Total 880,000.00
Class A-5 Monthly Interest 463,125.00
Class A-5 Carryover Shortfall 0.00
Class A-5 Total 463,125.00
Total for Notes Monthly Interest 2,245,763.03
Total for Notes Carryover Shortfall 0.00
Total for Notes Total 2,245,763.03
D. Certificateholders' Interest Distributable Amount
Class B-1 Monthly Interest 194,810.19
Class B-1 Carryover Shortfall 0.00
Class B-1 Total 194,810.19
Total for Certificates Monthly Interest 194,810.19
Total for Certificates Carryover Shortfall 0.00
Total for Certificates Total 194,810.19
Class A-1 Monthly Principal 0.00
Class A-1 Carryover Shortfall 0.00
Class A-1 Total 0.00
Class A-2 Monthly Principal 0.00
Class A-2 Carryover Shortfall 0.00
Class A-2 Total 0.00
Class A-3 Monthly Principal 26,229,828.14
Class A-3 Carryover Shortfall 0.00
Class A-3 Total 26,229,828.14
Class A-4 Monthly Principal 0.00
Class A-4 Carryover Shortfall 0.00
Class A-4 Total 0.00
Class A-5 Monthly Principal 0.00
Class A-5 Carryover Shortfall 0.00
Class A-5 Total 0.00
Total for Notes Monthly Principal 26,229,828.14
Total for Notes Carryover Shortfall 0.00
Total for Notes Total 26,229,828.14
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
<TABLE>
<S> <C>
F. Certificateholders' Principal Distributable Amout
Class B-1 Monthly Principal 0.00
Class B-1 Carryover Shortfall 0.00
Class B-1 Total 0.00
Total for Certificates Monthly Principal 0.00
Total for Certificates Carryover Shortfall 0.00
Total for Certificates Total 0.00
Total Disbursements 29,053,868.20
V. Payment Deficiency Amount
A. Scheduled Monthly Disbursements 29,053,868.20
B. Available Distribution Amount 29,623,646.97
C. Payment Deficiency Amount 0.00
VI. Reserve Account Transfer Amount
A. Available Reserve Amount 13,768,806.58
B. Payment Deficiency Amount 0.00
C. Withdrawal for Write-Off 0.00
D. Reserve Account Withdrawal (MIN: Lines A and (B+C)) 0.00
VII. Pool Balance Reduction Allocation for Collection Period
A. Beginning Pool Balance 458,960,219.19
B. Pool Balance Reduction
1. Avalaible Principal
a. Principal Payments 25,732,150.83
b. From Repurchased Receivables 112,540.35
c. Total 25,844,691.18
2. From Defaulted Receivables 385,136.96
3. Total Pool Balance Reduction 26,229,828.14
C. Ending Pool Balance 432,730,391.05
2. Monthly Principal Allocation
a. Notes 26,229,828.14
b. Certificates 0.00
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
VIII. Delinquency and Defaults
Group 1
<TABLE>
<CAPTION>
Period Number Delinquency Principal
Amount Balance
<S> <C> <C> <C> <C>
30-59 days 831 549,245.36 8,576,379.54
60-89 days 174 174,046.71 1,904,065.84
90-119 days 84 119,734.85 916,697.94
120+149 days 59 109,164.93 673,399.40
150+179 days 30 75,173.16 378,161.45
180+209 days 27 80,772.71 374,214.21
210+239 days 9 27,191.92 106,259.40
240+Days
Delinquent 0 0.00 0.00
Total 1214 1,135,329.64 12,929,177.78
</TABLE>
<TABLE>
<S> <C>
B. Principal amount of loans in defaulted receivables 385,136.96
C. Delinquency Percentage
1. Outstanding principal balance for deliquency >= 60 days 4,352,798.24
2. Pool Principal Ending Balance 432,730,391.05
3. Delinquency Percentage 1.005892 %
IX. Pool Delinquency Percentages
A. Delinquency Percentage for 2nd previous period 1.178322 %
B. Delinquency Percentage for previous period 1.169676 %
C. Delinquency Percentage for current period 1.005892 %
D. Average Deliquency Percentage 1.117963 %
X. Portfolio Loss Ratios
A. Net Loss Ratio for 2nd previous period 1.211794 %
B. Net Loss Ratio for previous period 0.936898 %
1. Principal Balance of Defaulted Receivables 385,136.96
2. Principal Recoveries on Defaulted Receivables 104,766.83
3. Average Pool Balance for Collection Period 445,845,305.12
4. Net Loss Ratio for Current Period(12*(1-2)/3) 0.754621 %
D. Average Net Loss Ratio ((A+B+C) / 3) 0.967771 %
XI. Specified Reserve Account Balance
A. Calculation for Reserve Account Floor Amount
1. Guaranteed Floor Amount 8,779,902.89
2. Possible Floor Amount
a. Principal Balance at the Beginning of Next Collection Period 432,730,391.05
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
<TABLE>
<S> <C> <C>
b. Cumulative Monthly Interest through Final Distribution Data
Class A-1 Balance 0.00
Class A-1 Interest Rate 5.55
Class A-1 Service Rate 0.01
Class A-1 Term 0.00
Class A-1 Interest 0.00
Class A-1 Service Fee 0.00
Class A-1 Total 0.00
Class A-2 Balance 0.00
Class A-2 Interest Rate 5.95
Class A-2 Service Rate 0.01
Class A-2 Term 6.00
Class A-2 Interest 0.00
Class A-2 Service Fee 0.00
Class A-2 Total 0.00
Class A-3 Balance 147,076,672.92
Class A-3 Interest Rate 6.25
Class A-3 Service Rate 0.01
Class A-3 Term 19.00
Class A-3 Interest 14,554,462.42
Class A-3 Service Fee 2,328,713.99
Class A-3 Total 16,883,176.41
Class A-4 Balance 165,000,000.00
Class A-4 Interest Rate 6.40
Class A-4 Service Rate 0.01
Class A-4 Term 27.00
Class A-4 Interest 23,760,000.00
Class A-4 Service Fee 3,712,500.00
Class A-4 Total 27,472,500.00
Class A-5 Balance 85,500,000.00
Class A-5 Interest Rate 6.50
Class A-5 Service Rate 0.01
Class A-5 Term 32.00
Class A-5 Interest 14,820,000.00
Class A-5 Service Fee 2,280,000.00
Class A-5 Total 17,100,000.00
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Owner Trust 1997-A
April 15, 1999
MONTHLY SERVICER REPORT
<TABLE>
<S> <C>
Class B-1 Balance 35,153,718.13
Class B-1 Interest Rate 6.65
Class B-1 Service Rate 0.01
Class B-1 Term 53.00
Class B-1 Interest 10,324,939.96
Class B-1 Service Fee 1,552,622.55
Class B-1 Total 11,877,562.51
c. Possible Floor Amount equals Pool Balance + Interest + Service Fee 506,063,629.98
(Lines a+b)
3. Reserve Account Floor (Minimum Lines 1 and 2) 7,477,041.34
B. Possible Reserve Account Amount
1. Reserve Account Trigger Percentages
a. Average Delinquency Percentage 1.117963 %
b. Average Delinquency Percentage Trigger 1.250000 %
c. Average Loss Ratio 0.967771 %
d. Average Loss Ratio Trigger 1.250000 %
e. Maximum Reserve Account Percentage Specified 6.000000 %
f. Minimum Reserve Account Percentage specified 3.000000 %
g. Reserve Account Percentage Applied 3.000000 %
2. Pool Principal Balance 432,730,391.05
3. Possible Reserve Account Amount 12,981,911.73
C. Specified Reserve Account Balance (Max: Lines A and B) 12,981,911.73
XII. Reserve Account
A. Reserve Account Balance After Disbursement from Previous Period
1. Reserve Account Balance After Disbursement from Previous Period 13,768,806.58
2. Reserve Account Transfer Amount 0.00
3. Investment Earnings 57,755.00
4. Deposit to Reserve Account After Disbursement 569,778.77
5. Amount After Deposit 14,396,340.35
B. Specified Reserve Account Balance 12,981,911.73
C. Available Reserve Account Amount (Min: Lines A and B) 12,981,911.73
1. Excess in Reserve Acct: Max(LinesA.5 - B and 0) 1,414,428.61
D. Excess Amount to Seller 99% Lines A-B) 1,414,428.61
XIII. Weighted Average Coupon as of Current Period 9.246621
XIV. Weighted Average Maturity as of Current Period 31.366887
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 26 PAGE # 1
DETERMINATION: 10-May-99 Beginning 4/1/99
DISTRIBUTION: 17-May-99 Ending 4/30/99
TIME: 6/8/99 18:23
CLASS A-1 5.545% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.950% ASSET BACKED NOTES
CLASS A-3 6.250% ASSET BACKED NOTES
CLASS A-4 6.400% ASSET BACKED NOTES
CLASS A-5 6.500% ASSET BACKED NOTES
CLASS B-1 6.650% 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 Notes $250,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-2 Notes $365,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-3 Notes $270,000,000.00 $147,076,672.92 $22,778,234.50 $766,024.34 $23,544,258.84 $124,298,438.42
A-4 Notes $165,000,000.00 $165,000,000.00 $0.00 $880,000.00 $880,000.00 $165,000,000.00
A-5 Notes $85,500,000.00 $85,500,000.00 $0.00 $463,125.00 $463,125.00 $85,500,000.00
- --------------------------------------------------------------------------------------------------------------------------------
NOTE TOTALS $1,135,500,000.00 $397,576,672.92 $22,778,234.50 $2,109,149.34 $24,887,383.84 $374,798,438.42
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
B-1 $35,153,718.13 $35,153,718.13 $0.00 $194,810.19 $194,810.19 $35,153,718.13
- --------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS $35,153,718.13 $35,153,718.13 $0.00 $194,810.19 $194,810.19 $35,153,718.13
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TOTALS $1,170,653,718.13 $432,730,391.05 $22,778,234.50 $2,303,959.53 $25,082,194.03 $409,952,156.55
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00000000 0.00000000 0.00000000
------------------------------------------------------------------------
A-2 0.00000000 0.00000000 0.00000000
------------------------------------------------------------------------
A-3 84.36383148 2.83712719 460.36458674
------------------------------------------------------------------------
A-4 0.00000000 5.33333333 1,000.00000000
------------------------------------------------------------------------
A-5 0.00000000 5.41666667 1,000.00000000
------------------------------------------------------------------------
Notes Totals 20.06009203 1.85746309 330.07348166
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
B-1 0.00000000 5.54166672 1,000.00000000
- ----------------------------------------------------------------------------------------------------
Certificate Totals 0.00000000 5.54166672 1,000.00000000
- ----------------------------------------------------------------------------------------------------
TOTALS 19.45770483 1.96809654 350.19079528
- ----------------------------------------------------------------------------------------------------
</TABLE>
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>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 26 PAGE # 2
DETERMINATION: 10-May-99 Beginning 4/1/99
DISTRIBUTION: 17-May-99 Ending 4/30/99
TIME: 6/8/99 18:23
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C>
Section 5.8 (iii) Servicing Fee $360,608.66 0.30804042
Section 5.8 (iv) Administration Fee $1,000.00 0.00085422
Section 5.8 (vi) Pool Balance at the end of the Collection Period $409,952,156.55
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $0.00
By Servicer $97,399.06
TOTAL $97,399.06
Section 5.8 (viii) Realized Net Losses for Collection Period $206,822.90
Section 5.8 (ix) Reserve Account Balance after Disbursement $12,298,564.70
Section 5.8 (x) Specified Reserve Account Balance $12,298,564.70
Section 5.8 (xi) Total Distribution Amount $25,939,812.41
Servicing Fee $360,608.66
Administrative Fee $1,000.00
Noteholders' Distribution Amount $24,887,383.84
Certificateholders' Distribution Amount $ 194,810.19
Deposit to Reserve Account $496,009.72
</TABLE>
Section 5.8 (xii) Noteholders' Distributable Amount
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
Prin (per Int (per Total (per
Class Principal Interest Total $1000/orig) $1000/orig) $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 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000
A-3 $22,778,234.50 $766,024.34 $23,544,258.84 84.36383148 2.83712719 87.20095867
A-4 $0.00 $880,000.00 $880,000.00 0.00000000 5.33333333 5.33333333
A-5 $0.00 $463,125.00 $463,125.00 0.00000000 5.41666667 5.41666667
----------------------------------------------------------------------------------------------------
Total $22,778,234.50 $2,109,149.34 $24,887,383.84 20.06009203 1.85746309 21.91755512
----------------------------------------------------------------------------------------------------
Section 5.8 (xiii) Certificateholders' Distributable Amount
<CAPTION>
-----------------------------------------------------------------------------------------------------
Prin (per Int (per Total (per
Class Principal Interest Total $1000/orig) $1000/orig) $1000/orig)
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------
B-1 $0.00 $194,810.19 $194,810.19 0.00000000 5.54166672 5.54166672
--------------------------------------------------------------------------------------------------
Total $0.00 $194,810.19 $194,810.19 0.00000000 5.54166672 5.54166672
--------------------------------------------------------------------------------------------------
Section 5.8 (xiv) Reserve Fund Transfer Amount $496,009.72
</TABLE>
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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