<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 OWNER TRUST 1997-B
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(Issuer)
Delaware 333-7575 13-2633612
- ---------------------------- ------------------------ -------------------
(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
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<PAGE>
Item 5. Other Events:
On 7/15/99, Chase Manhattan Auto Owner Trust 1997-B (the "Trust") made the
distribution to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of June 1, 1997, (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 Dates
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.
<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: July 30, 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 Reports dated 7/15/1999 delivered pursuant
to Section 5.8 of the Sale and Servicing Agreement dated as
of June 1, 1997.
<PAGE>
Chase Manhattan Auto Owner Trust 1997-B
Statement to Certificateholders
July 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>
A1 200,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 294,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 227,000,000.00 142,368,395.25 20,889,530.68 753,366.09 21,642,896.77 0.00 0.00 121,478,864.57
A4 133,000,000.00 133,000,000.00 0.00 720,416.67 720,416.67 0.00 0.00 133,000,000.00
A5 70,000,000.00 70,000,000.00 0.00 385,000.00 385,000.00 0.00 0.00 70,000,000.00
B1 29,148,275.79 29,148,275.79 0.00 163,959.05 163,959.05 0.00 0.00 29,148,275.79
------ -------------- -------------- ------------- ------------ ------------- -------- -------- --------------
TOTALS 953,148,275.79 374,516,671.04 20,889,530.68 2,022,741.81 22,912,272.49 0.00 0.00 353,627,140.36
</TABLE>
<TABLE>
<CAPTION>
PASS-THROUGH RATES
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE ------------------
---------------------------------------------
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
- ------- -------------- ----------- ---------- ----------- -------------- ----- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.744000 %
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 6.100000 %
A3 627.17354736 92.02436423 3.31879335 95.34315758 535.14918313 A3 6.350000 %
A4 1,000.00000000 0.00000000 5.41666669 5.41666669 1,000.00000000 A4 6.500000 %
A5 1,000.00000000 0.00000000 5.50000000 5.50000000 1,000.00000000 A5 6.600000 %
B1 1,000.00000000 0.00000000 5.62499995 5.62499995 1,000.00000000 B1 6.750000 %
- ------- -------------- ----------- ---------- ----------- -------------- ----- ---------
TOTALS 392.92592827 21.91634944 2.12216909 24.03851853 371.00957883
</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
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Chase Manhattan Auto Owner Trust 1997-B
July 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
Due Period 25
Due Period Beginning Date 06/01/99
Due Period End Date 06/30/99
Determination Date 07/09/99
<S> <C> <S>
Section 5.8(iii) Servicing Fee 312,097.23
Section 5.8(iii) Servicing Fee per $1000 0.327438
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(v) Administration Fee per $1000 0.001049
Section 5.8(vi) Pool Balance at the end of the Collection Period 353,627,140.36
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 122,852.46
TOTAL 122,852.46
Section 5.8(viii) Realized Net Losses for Collection Period 264,594.48
Section 5.8(ix) Reserve Account Balance after Disbursement 10,608,814.21
Section 5.8(x) Specified Reserve Account Balance 10,608,814.21
Section 5.8(xi) Total Distribution Amount 23,776,069.20
Servicing Fee 312,097.23
Administration Fee 1,000.00
Noteholders Distribution Amount 22,748,313.44
Certficateholders Distribution Amount 163,959.05
Deposit to Reserve Account 550,699.48
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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