<PAGE>
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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: June 16, 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 13-2633612
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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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<PAGE>
Item 5. Other Events:
On 3/15/99, 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.
On 4/15/99, 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.
On 5/17/99, 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.
Copies of the Certificateholder Report for such Distribution Date
delivered pursuant to section 5.7 of the Pooling and Servicing Agreement are
being filed as Exhibits 20.1, 20.2 and 20.3 to this Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Certificateholder's statements with
respect to the March 15, 1999 distribution.
20.2 Monthly Certificateholder's statements with
respect to the April 15, 1999 distribution.
20.3 Monthly Certificateholder's statements with
respect to the May 17, 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 18, 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 3/15/1999 delivered
pursuant to Section 5.7 of the Pooling and Servicing
Agreement dated as of September 1, 1996.
20.2 Certificateholder Report dated 4/15/1999 delivered
pursuant to Section 5.7 of the Pooling and Servicing
Agreement dated as of September 1, 1996.
20.3 Certificateholder Report dated 5/17/1999 delivered
pursuant to Section 5.7 of the Pooling and Servicing
Agreement dated as of September 1, 1996.
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
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PERIOD 30 PAGE # 1
DETERMINATION: 10-Mar-99 Beginning 2/1/99
DISTRIBUTION: 15-Mar-99 Ending 2/28/99
TIME: 6/15/99 13:47
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
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<S> <C> <C> <C> <C> <C> <C>
A $1,478,422,107.71 $443,336,601.53 $25,652,824.12 $2,442,045.78 $28,094,869.90 $417,683,777.41
B $45,725,000.00 $13,711,622.67 $793,396.81 $77,242.14 $870,638.95 $12,918,225.86
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CERTIFICATE TOTALS $1,524,147,107.71 $457,048,224.20 $26,446,220.93 $2,519,287.92 $28,965,508.85 $430,602,003.27
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</TABLE>
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FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
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A 17.35148845 1.65179198 282.51997534
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B 17.35148846 1.68927589 282.51997507
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Certificate Totals 17.35148845 1.65291651 282.51997533
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IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
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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
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<PAGE>
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
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PERIOD 30 PAGE # 2
DETERMINATION: 10-Mar-99 Beginning 2/1/99
DISTRIBUTION: 15-Mar-99 Ending 2/28/99
TIME: 6/15/99 13:47
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $380,873.52 .24989289
</TABLE>
<TABLE>
<CAPTION>
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Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
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<S> <C> <C> <C> <C> <C> <C>
A $25,652,824.12 $2,442,045.78 $28,094,869.90 17.35148845 1.65179198 19.00328043
B $793,396.81 $77,242.14 $870,638.95 17.35148846 1.68927589 19.04076435
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Total $26,446,220.93 $2,519,287.92 $28,965,508.85 17.35148845 1.65291651 19.00440496
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</TABLE>
<TABLE>
<S> <C> <C>
Section 5.8 (v) Pool Balance at the end of the Collection Period $430,602,003.27
Section 5.8 (vi) Aggregate Net Losses for Collection Period $296,154.17
Section 5.8 (vii) Carryover Shortfall for Collection Period
Class A Interest -
Class B Interest -
Class A Principal -
Class B Principal -
TOTAL -
Section 5.8 (viii) Reserve Account Balance after Disbursement $13,994,565.11
Section 5.8 (ix) Specified Reserve Account Balance $13,994,565.11
Section 5.8 (x) Repurchase Amounts for Repurchased Receivables
Seller $0.00
Servicer $274,670.13
TOTAL $274,670.13
Section 5.8 (xi) Advance Summary for Collection Period
Unreimbursed Advances for Period $ 4,403,053.78
Unreimbursed Advances for Previous Period $ 4,227,676.10
Change from Previous Period $ 175,377.68
Reimbursed Advance from Collections $509,581.56
Reimbursed Advance from Liquidation Proceeds $17,256.73
Reimbursed Advance from Reserve Account Withdrawals $ -
</TABLE>
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
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<PAGE>
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
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PERIOD 31 PAGE # 1
DETERMINATION: 9-Apr-99 Beginning 3/1/99
DISTRIBUTION: 15-Apr-99 Ending 3/31/99
TIME: 6/10/99 17:12
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
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<S> <C> <C> <C> <C> <C> <C>
A $1,478,422,107.71 $417,683,777.41 $29,258,430.40 $2,300,741.47 $31,559,171.87 $388,425,347.01
B $45,725,000.00 $12,918,225.86 $904,911.88 $72,772.67 $977,684.55 $12,013,313.98
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CERTIFICATE TOTALS $1,524,147,107.71 $430,602,003.27 $30,163,342.28 $2,373,514.14 $32,536,856.42 $400,438,660.99
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</TABLE>
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FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
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A 19.79030904 1.55621419 262.72966630
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B 19.79030902 1.59152914 262.72966605
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Certificate Totals 19.79030904 1.55727366 262.72966629
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IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
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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
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<PAGE>
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
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PERIOD 31 PAGE # 2
DETERMINATION: 9-Mar-99 Beginning 3/1/99
DISTRIBUTION: 15-Apr-99 Ending 3/31/99
TIME: 6/10/99 17:12
<TABLE>
<CAPTION>
per $1000
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<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $358,835.00 .23543331
</TABLE>
<TABLE>
<CAPTION>
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Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
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<S> <C> <C> <C> <C> <C> <C>
A $29,258,430.40 $2,300,741.47 $31,559,171.87 19.79030904 1.55621419 21.34652323
B $904,911.88 $72,772.67 $977,684.55 19.79030902 1.59152914 21.38183816
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Total $30,163,342.28 $2,373,514.14 $32,536,856.42 19.79030904 1.55727366 21.34758270
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</TABLE>
<TABLE>
<S> <C> <C>
Section 5.8 (v) Pool Balance at the end of the Collection Period $400,438,660.99
Section 5.8 (vi) Aggregate Net Losses for Collection Period $200,966.94
Section 5.8 (vii) Carryover Shortfall for Collection Period
Class A Interest -
Class B Interest -
Class A Principal -
Class B Principal -
TOTAL -
Section 5.8 (viii) Reserve Account Balance after Disbursement $13,014,256.48
Section 5.8 (ix) Specified Reserve Account Balance $13,014,256.48
Section 5.8 (x) Repurchase Amounts for Repurchased Receivables
Seller $0.00
Servicer $95,305.12
TOTAL $95,305.12
Section 5.8 (xi) Advance Summary for Collection Period
Unreimbursed Advances for Period $ 4,249,881.16
Unreimbursed Advances for Previous Period $ 4,403,053.78
Change from Previous Period $ (153,172.62)
Reimbursed Advance from Collections $623,496.96
Reimbursed Advance from Liquidation Proceeds $15,213.73
Reimbursed Advance from Reserve Account Withdrawals $ -
</TABLE>
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
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<PAGE>
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CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
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PERIOD 32 PAGE # 1
DETERMINATION: 10-May-99 Beginning 4/1/99
DISTRIBUTION: 17-May-99 Ending 4/30/99
TIME: 6/8/99 15:34
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 $388,425,347.01 $26,152,015.92 $2,139,576.29 $28,291,592.21 $362,273,331.09
B $45,725,000.00 $12,013,313.98 $808,835.93 $67,675.00 $876,510.93 $11,204,478.05
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CERTIFICATE TOTALS $1,524,147,107.71 $400,438,660.99 $26,960,851.85 $2,207,251.29 $29,168,103.14 $373,477,809.14
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</TABLE>
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FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
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A 17.68914019 1.44720258 245.04052611
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B 17.68914008 1.48004374 245.04052597
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Certificate Totals 17.68914018 1.44818783 245.04052611
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IF THERE ARE ANY QUESTIONS OR COMMENTS,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW
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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
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<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO GRANTOR TRUST
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
PERIOD 32 PAGE
DETERMINATION: 10-May-99 Beginning
DISTRIBUTION: 17-May-99 Ending
TIME: 6/8/99 15:34
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $333,698.88 .21894139
</TABLE>
<TABLE>
<CAPTION>
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Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A $26,152,015.92 $2,139,576.29 $28,291,592.21 17.68914019 1.44720258 19.13634277
B $808,835.93 $67,675.00 $876,510.93 17.68914008 1.48004374 19.16918382
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Total $26,960,851.85 $2,207,251.29 $29,168,103.14 17.68914018 1.44818783 19.13732801
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</TABLE>
<TABLE>
<S> <C> <C>
Section 5.8 (v) Pool Balance at the end of the Collection Period $373,477,809.14
Section 5.8 (vi) Aggregate Net Losses for Collection Period $293,704.59
Section 5.8 (vii) Carryover Shortfall for Collection Period
Class A Interest -
Class B Interest -
Class A Principal -
Class B Principal -
TOTAL -
Section 5.8 (viii) Reserve Account Balance after Disbursement $12,138,028.80
Section 5.8 (ix) Specified Reserve Account Balance $12,138,028.80
Section 5.8 (x) Repurchase Amounts for Repurchased Receivables
Seller $0.00
Servicer $292,201.77
TOTAL $292,201.77
Section 5.8 (xi) Advance Summary for Collection Period
Unreimbursed Advances for Period $ 4,196,601.21
Unreimbursed Advances for Previous Period $ 4,249,881.16
Change from Previous Period $ (53,279.95)
Reimbursed Advance from Collections $479,130.39
Reimbursed Advance from Liquidation Proceeds $17,611.82
Reimbursed Advance from Reserve Account Withdrawals $ -
</TABLE>
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
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