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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: November 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)
New York 33-7575 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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
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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 November 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
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20.1 Monthly Certificateholder's statements with
respect to the November 15, 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: November 30, 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
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Certificateholder Report dated 11/15/1999 delivered pursuant
to Section 5.7 of the Pooling and Servicing Agreement dated as
of September 1, 1996.
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Exhibit 20.1
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Chase Manhattan Auto Grantor Trust 1996-B
Statement to Certificateholders
November 15, 1999
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<TABLE>
<CAPTION>
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DISTRIBUTION IN DOLLARS
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ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 1,478,422,107.71 250,493,275.67 17,656,429.56 1,379,800.46 19,036,230.02 0.00 0.00 232,836,846.11
B 45,725,000.00 7,747,317.19 546,082.37 43,643.22 589,725.59 0.00 0.00 7,201,234.82
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TOTALS 1,524,147,107.71 258,240,592.86 18,202,511.93 1,423,443.68 19,625,955.61 0.00 0.00 240,038,080.93
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</TABLE>
<TABLE>
<CAPTION>
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
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<S> <C> <C> <C> <C> <C> <C> <C>
A 169.43285302 11.94275266 0.93329263 12.87604529 157.49010035 A 6.610000%
B 169.43285271 11.94275276 0.95447173 12.89722449 157.49009995 B 6.760000%
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TOTALS 169.43285301 11.94275266 0.93392801 12.87668068 157.49010034
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</TABLE>
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IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Mark McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: [email protected]
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[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Chase Manhattan Auto Grantor Trust 1996-B
November 15, 1999
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STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<S> <C>
Due Period 38
Due Period Beg Date 10/01/99
Due Period End Date 10/31/99
Determination Date 11/10/99
Section 5.8(iii) Servicing Fee 215,200.49
Section 5.8(iii) Servicing Fee per $1000 0.14119404
Section 5.8(v) Pool Balance at the end of the Collection Period 240,038,080.93
Section 5.8(vi) Net Losses for Collection Period 30,129.89
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
By Seller 0.00
By Servicer 127,459.49
TOTAL 127,459.49
Section 5.8(xi) Advance Summary for Collection Period
Unreimbursed Advances for Previous Period 4,086,500.37
Unreimbursed Advances for Period 4,143,481.87
Change From Previous Periods 56,981.50
Reimbursed advance from collections 278,594.51
Reimbursed advance from liquidation proceeds 16,677.44
Reimbursed advance from reserve account withdrawals 0.00
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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