<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: October 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 GRANTOR TRUST 1996-B
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(Issue with respect to Certificates)
<TABLE>
<CAPTION>
New York 33-7575 22-2382028
- ---------------------------- ------------------------ -------------------
<S> <C> <C>
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
</TABLE>
270 Park Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
<PAGE>
Item 5. Other Events:
Chase Manhattan Auto Grantor Trust 1996-B is the issuer of two classes of
Automobile Loan Pass-Through Certificates. The certificates are serviced in
accordance with the Pooling and Servicing Agreement, dated as of September 1,
1996, as amended. The parties to the Pooling and Servicing Agreement are: Chase
Manhattan Bank USA, National Association, as seller and as servicer, and Norwest
Bank Minnesota, National Association, as trustee.
On October 15, 1999, Chase, as servicer, distributed monthly interest to
the holders of the Series 1996-B certificates. Chase furnished a copy of the
monthly certificateholders' report for the series as required by the Pooling and
Servicing Agreement. A copy of the monthly certificateholders' report is being
filed as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibit
Exhibits Description
-------- -----------
20.1 Monthly Certificateholder's statements with
respect to the October 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: October 29, 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 10/15/1999
delivered pursuant to Section 5.7 of the
Pooling and Servicing Agreement dated as of
September 1, 1996.
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
Statement to Certificateholders
October 15, 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>
A 1,478,422,107.71 270,193,389.95 19,700,114.28 1,488,315.26 21,188,429.54 0.00 0.00 250,493,275.67
B 45,725,000.00 8,356,607.14 609,289.95 47,075.55 656,365.50 0.00 0.00 7,747,317.19
TOTALS 1,524,147,107.71 278,549,997.09 20,309,404.23 1,535,390.81 21,844,795.04 0.00 0.00 258,240,592.86
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
----------------------------------------------------------------------------------
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR
----- --------- --------- -------- ----- ---------
<S> <C> <C> <C> <C> <C>
A 182.75794750 13.32509449 1.00669170 14.33178619 169.43285302
B 182.75794729 13.32509459 1.02953636 14.35463095 169.43285271
TOTALS 182.75794750 13.32509449 1.00737705 14.33247154 169.43285301
</TABLE>
<TABLE>
<CAPTION>
PASS-THROUGH RATES
- ------------------
<S> <C>
CURRENT
CLASS PASS-THRU
RATE
- ------------------
A 6.610000%
B 6.760000%
</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 Grantor Trust 1996-B
October 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 37
Due Period Beg Date 09/01/99
Due Period End Date 09/30/99
Determination Date 10/08/99
Section 5.8(iii) Servicing Fee 232,125.00
Section 5.8(iii) Servicing Fee per $1000 0.15229829
Section 5.8(v) Pool Balance at the end of the Collection Period 258,240,592.86
Section 5.8(vi) Net Losses for Collection Period 367,382.92
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 11,414,626.89
Section 5.8(ix) Specified Reserve Account Balance 11,431,103.00
Section 5.8(x) Repurchase Amounts for Repurchased Receivables
By Seller 0.00
By Servicer 209,738.02
TOTAL 209,738.02
Section 5.8(xi) Advance Summary for Collection Period
Unreimbursed Advances for Previous Period 4,134,559.60
Unreimbursed Advances for Period 4,086,500.37
Change From Previous Periods -48,059.23
Reimbursed advance from collections 357,520.02
Reimbursed advance from liquidation proceeds 26,759.08
Reimbursed advance from reserve account withdrawals 0.00
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
