CHASE MANHATTAN BANK USA
8-K, 1999-08-27
ASSET-BACKED SECURITIES
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<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: August 16, 1999


                 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
                  (Originator of the Trust referred to herein)
           (Exact name of the registrant as specified in its charter)


                    CHASE MANHATTAN AUTO GRANTOR TRUST 1996-B
                      (Issue with respect to Certificates)


         New York                         33-7575                 13-2633612
(State or other jurisdiction     (Commission File Number)   (IRS Employer
of incorporation)                                           Identification No.)


                  270 Park Avenue, New York, New York         10017
                  (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 August 16, 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 August 16, 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:  August 27, 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 8/16/1999
                                  delivered pursuant to Section 5.7 of the
                                  Pooling and Servicing Agreement dated as of
                                  September 1, 1996.


<PAGE>


- --------------------------------------------------------------------------------
                       CHASE MANHATTAN AUTO GRANTOR TRUST
                                  SERIES 1996-B
                         STATEMENT TO CERTIFICATEHOLDERS
================================================================================

        PERIOD 35                                                   PAGE # 1
DETERMINATION: 10-Aug-99                                        Beginning 7/1/99
 DISTRIBUTION: 16-Aug-99                                          Ending 7/31/99
         TIME: 8/25/99 18:47


                                         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
- -----------------------------------------------------------------------------------------------------------------------------------
<S>                   <C>                  <C>                <C>               <C>              <C>               <C>
         A            $1,478,422,107.71    $314,250,119.54    $22,315,050.25    $1,730,994.41    $24,046,044.66    $291,935,069.29
         B               $45,725,000.00      $9,719,204.43       $690,165.32       $54,751.52       $744,916.84      $9,029,039.11


- -----------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS    $1,524,147,107.71    $323,969,323.97    $23,005,215.57    $1,785,745.93    $24,790,961.50    $300,964,108.40
- -----------------------------------------------------------------------------------------------------------------------------------

</TABLE>

                          FACTOR INFORMATION PER $1,000


                         PRINCIPAL              INTEREST          END PRINCIPAL
       CLASS            DISTRIBUTION          DISTRIBUTION           BALANCE
- --------------------------------------------------------------------------------
         A              15.09382884            1.17083910          197.46395009
- --------------------------------------------------------------------------------
         B              15.09382876            1.19740886          197.46394992
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
Certificate Totals      15.09382884            1.17163620          197.46395009
- --------------------------------------------------------------------------------

           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

<PAGE>

- --------------------------------------------------------------------------------
                       CHASE MANHATTAN AUTO GRANTOR TRUST
                                  SERIES 1996-B
                         STATEMENT TO CERTIFICATEHOLDERS
================================================================================


           PERIOD 35                                                     PAGE #2
   DETERMINATION: 10-Aug-99                                     Beginning 7/1/99
    DISTRIBUTION: 16-Aug-99                                       Ending 7/31/99
            TIME: 8/25/99 15:23

                                                                      per $1000
Section 5.8 (iii)   Servicing Fee                     $269,974.44     .17713148

<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
   Class        Principal        Interest           Total       Prin (per $1000/orig)   Int (per $1000/orig)  Total (per $1000/orig)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>               <C>              <C>                     <C>                    <C>                   <C>
     A       $22,315,050.25    $1,730,994.41    $24,046,044.66          15.09382884            1.17083910            16.26466794
     B          $690,165.32       $54,751.52       $744,916.84          15.09382876            1.19740886            16.29123762

- ------------------------------------------------------------------------------------------------------------------------------------
   Total     $23,005,215.57    $1,785,745.93    $24,790,961.50          15.09382884            1.17163620            16.26546504
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>



<TABLE>
<S>                     <C>                                                                            <C>
Section 5.8 (v)         Pool Balance at the end of the Collection Period                               $300,964,108.40


Section 5.8 (vi)        Aggregate Net Losses for Collection Period                                         $141,590.37


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
                                                Seller                                                           $0.00
                                                Servicer                                                   $215,026.81
                                                  TOTAL                                                    $215,026.81



Section 5.8 (xi)        Advance Summary for Collection Period
                               Unreimbursed Advances for Period                                          $4,163,400.49
                               Unreimbursed Advances for Previous Period                                 $4,197,942.85
                               Change from Previous Period                                                 ($34,542.36)

                               Reimbursed Advance from Collections                                         $400,773.99
                               Reimbursed Advance from Liquidation Proceeds                                  $6,427.70
                               Reimbursed Advance from Reserve Account Withdrawals                               $0.00

</TABLE>

(C) COPYRIGHT 1998, CHASE MANHATTAN BANK



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