<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 1996-C
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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 1996-C (the "Trust") made
the distribution to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of December 1, 1996, (the "Sale and Servicing Agreement"),
between Chase Manhattan Bank USA, National Association, 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 June 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: 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 Report dated 6/15/1999
delivered pursuant to Section 5.8 of the Sale
and Servicing Agreement dated as of December 1,
1996.
<PAGE>
Chase Manhattan Auto Owner Trust 1996-C
Statement to Certificateholders
June 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 225,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 239,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 324,000,000.00 107,982,426.14 535,412.86 16,310,528.21 16,845,941.07 0.00 0.00 91,671,897.93
A4 178,000,000.00 178,000,000.00 912,250.00 0.00 912,250.00 0.00 0.00 178,000,000.00
B1 30,938,845.63 16,382,039.87 85,323.12 521,802.24 607,125.36 0.00 0.00 15,860,237.63
TOTALS 996,938,845.63 302,364,466.01 1,532,985.98 16,832,330.45 18,365,316.43 0.00 0.00 285,532,135.56
</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 5.489000 %
A2 0.0000000 0.000000 0.000000 0.000000 0.0000000 A2 5.750000 %
A3 333.2790930 1.652509 50.341136 51.993645 282.9379566 A3 5.950000 %
A4 1,000.0000000 5.125000 0.000000 5.125000 1,000.0000000 A4 6.150000 %
B1 529.4974501 2.757799 16.865601 19.623401 512.6318486 B1 6.250000 %
TOTALS 303.2928924 1.537693 16.884015 18.421708 286.4088773
</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
Chase Manhattan Auto Owner Trust 1996-C
June 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 30
Due Period Beginning Date 05/01/99
Page 1
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Due Period End Date 05/31/99
Determination Date 06/10/99
Section 5.8(iii) Servicing Fee 251,970.39
Section 5.8(iii) Servicing Fee per $1000 0.252744
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.001003
Section 5.8(vi) Pool Balance at the end of the Collection
Period 285,532,135.56
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 148,119.49
TOTAL 148,119.49
Section 5.8(viii) Realized Net Losses for Collection Period 218,587.84
Section 5.8(ix) Reserve Account Balance after Disbursement 8,565,964.07
Section 5.8(x) Specified Reserve Account Balance 8,565,964.07
Section 5.8(xi) Total Distribution Amount 18,854,944.65
Servicing Fee 251,970.39
Administration Fee 1,000.00
Noteholders Distribution Amount 17,758,191.07
Certficateholders Distribution Amount 607,125.36
Deposit to Reserve Account 236,657.83
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