<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: July 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 TRUST 1998-B
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(Issuer)
Delaware 333-36939 13-2633612
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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 7/15/99, Chase Manhattan Auto Owner Trust 1998-B (the "Trust") made the
distributions to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of April 1, 1998, (the "Sale and Servicing Agreement"),
between the Registrant, 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 July 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: July 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
<PAGE>
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Certificateholder Reports dated 7/15/1999
delivered pursuant to Section 5.8 of the
Sale and Servicing Agreement dated as of
April 1, 1998.
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CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-B
STATEMENT TO CERTIFICATEHOLDERS
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<TABLE>
<CAPTION>
PERIOD 15 PAGE #1
DETERMINATION: 09-Jul-1999 Beginning 6/1/99
DISTRIBUTION: 15-Jul-1999 Ending 6/30/99
TIME: 7/22/99 17:30
CLASS A-1 5.578% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.729% ASSET BACKED NOTES
CLASS A-3 5.750% ASSET BACKED NOTES
CLASS A-4 5.800% ASSET BACKED NOTES
CLASS B-1 6.050% ASSET BACKED CERTIFICATES
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> <C>
A-1 Notes $ 250,000,000.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
A-2 Notes $ 200,000,000.00 $ 34,612,229.42 $28,102,080.67 $ 165,244.55 $28,267,325.22 $ 6,510,148.75
A-3 Notes $ 321,000,000.00 $321,000,000.00 $ 0.00 $1,538,125.00 $ 1,538,125.00 $321,000,000.00
A-4 Notes $ 282,800,000.00 $282,800,000.00 $ 0.00 $1,366,866.67 $ 1,366,866.67 $282,800,000.00
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NOTE TOTALS $1,053,800,000.00 $638,412,229.42 $28,102,080.67 $3,070,236.22 $31,172,316.89 $610,310,148.75
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B-1 $ 32,604,142.65 $ 32,604,142.65 $ 0.00 $ 164,379.22 $ 164,379.22 $ 32,604,142.65
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CERTIFICATE TOTALS $ 32,604,142.65 $ 32,604,142.65 $ 0.00 $ 164,379.22 $ 164,379.22 $ 32,604,142.65
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TOTALS $1,086,404,142.65 $671,016,372.07 $28,102,080.67 $3,234,615.44 $31,336,696.11 $642,914,291.40
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</TABLE>
FACTOR INFORMATION PER $1,000
<TABLE>
<CAPTION>
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
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<S> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 0.00000000
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A-2 140.51040335 0.82622275 32.55074375
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A-3 0.00000000 4.79166667 1,000.00000000
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A-4 0.00000000 4.83333335 1,000.00000000
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Notes Totals 26.66737585 2.91349043 579.15178283
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B-1 0.00000000 5.04166669 1,000.00000000
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Certificate Totals 0.00000000 5.04166669 1,000.00000000
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TOTALS 25.86705957 2.97735927 591.78188499
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</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 1998-B
STATEMENT TO CERTIFICATEHOLDERS
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<TABLE>
<CAPTION>
PERIOD 15 PAGE #2
DETERMINATION: 09-Jul-1999 Beginning 6/1/99
DISTRIBUTION: 15-Jul-1999 Ending 6/30/99
TIME: 7/22/99 17:30
per $1000
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<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $ 559,180.31 0.51470745
Section 5.8 (iv) Administration Fee $ 1,000.00 0.00092047
Section 5.8 (vi) Pool Balance at the end of the Collection Period $642,914,291.40
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $ 0.00
By Servicer $ 48,337.44
TOTAL $ 48,337.44
Section 5.8 (viii) Realized Net Losses for Collection Period $ 215,415.71
Section 5.8 (ix) Reserve Account Balance after Disbursement $ 19,287,428.74
Section 5.8 (x) Specified Reserve Account Balance $ 19,287,428.74
Section 5.8 (xi) Total Distribution Amount $ 33,234,346.50
Servicing Fee $ 559,180.31
Administrative Fee $ 1,000.00
Noteholders' Distribution Amount $ 31,172,316.89
Certificateholders' Distribution Amount $ 164,379.22
Deposit to Reserve Account $ 1,337,470.08
</TABLE>
<TABLE>
<CAPTION>
Section 5.8 (xii) Noteholders' Distributable Amount
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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-1 $ 0.00 $ 0.00 $ 0.00 0.00000000 0.00000000 0.00000000
A-2 $28,102,080.67 $ 165,244.55 $28,267,325.22 140.51040335 0.82622275 141.33662610
A-3 $ 0.00 $1,538,125.00 $ 1,538,125.00 0.00000000 4.79166667 4.79166667
A-4 $ 0.00 $1,366,866.67 $ 1,366,866.67 0.00000000 4.83333335 4.83333335
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Total $28,102,080.67 $3,070,236.22 $31,172,316.89 26.66737585 2.91349043 29.58086628
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</TABLE>
<TABLE>
<CAPTION>
Section 5.8 (xiii) Certificateholders' Distributable Amount
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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>
B-1 $0.00 $164,379.22 $164,379.22 0.00000000 5.04166669 5.04166669
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Total $0.00 $164,379.22 $164,379.22 0.00000000 5.04166669 5.04166669
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Section 5.8 (xiv) Reserve Fund Transfer Amount $1,337,470.08
</TABLE>
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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