<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: May 15, 2000
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
CHASE MANHATTAN AUTO TRUST 1998-B
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(Issuer)
(Exact name of the registrant as specified in its charter)
United States 333-36939 22-2382028
- ---------------------------- ------------------------ ------------------
(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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Item 5. Other Events:
Chase Manhattan Auto Owner Trust 1998-B is the issuer of four outstanding
classes of Asset Backed Notes and a single class of Asset Backed Certificates.
The notes and certificates are serviced in accordance with the Sale and
Servicing Agreement, dated as of April 1, 1998, as amended. The parties to the
Sale and Servicing Agreement are: Chase Manhattan Bank USA, National
Association, as seller and as servicer, and Chase Manhattan Owner Trust, as
issuer.
On May 15, 2000, Chase USA, as servicer, distributed monthly interest to
the holders of the notes and certificates. Chase USA furnished a copy of the
monthly statement to certificateholders for each of the series as required by
the Sale and Servicing Agreement. A copy of the monthly statement to
certificateholders 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 Statement to Certificateholders
with respect to the May 15, 2000 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: May 24, 2000
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
- --------------- -----------------
20.1 Statement to Certificateholders dated 5/15/2000
delivered pursuant to Section 5.8 of the Sale and
Servicing Agreement dated as of April 1, 1998.
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Page 1
Chase Manhattan Auto Owner Trust 1998-B
Statement to Certificateholders
May 15 2000
DISTRIBUTION IN DOLLARS
<TABLE>
<CAPTION>
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 250,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 200,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 321,000,000.00 117,527,324.78 19,568,596.87 563,151.76 20,131,748.63 0.00 0.00 97,958,727.91
A4 282,800,000.00 282,800,000.00 0.00 1,366,866.67 1,366,866.67 0.00 0.00 282,800,000.00
B1 32,604,142.65 32,604,142.65 0.00 164,379.22 164,379.22 0.00 0.00 32,604,142.65
TOTALS 1,086,404,142.65 432,931,467.43 19,568,596.87 2,094,397.65 21,662,994.52 0.00 0.00 413,362,870.56
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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 5.578000 %
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.729000 %
A3 366.12873763 60.96136097 1.75436685 62.71572782 305.16737667 A3 5.750000 %
A4 1,000.00000000 0.00000000 4.83333335 4.83333335 1,000.00000000 A4 5.800000 %
B1 1,000.00000000 0.00000000 5.04166669 5.04166669 1,000.00000000 B1 6.050000 %
TOTALS 398.49946298 18.01226275 1.92782554 19.94008829 380.48720023
</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]
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Page 2
Chase Manhattan Auto Owner Trust 1998-B
May 15 2000
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<S> <C> <C> <C>
Due Period 25
Due Period Beginning Date 04/01/00
Due Period End Date 04/30/00
Determination Date 05/10/00
Section 5.8(iii) Servicing Fee 360,776.22
Section 5.8(iii) Servicing Fee per $1000 0.33208288
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00092047
Section 5.8(vi) Pool Balance at the end of the Collection Period 413,362,870.56
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 32,888.55
TOTAL 32,888.55
Section 5.8(viii) Realized Net Losses for Collection Period 110,807.92
Section 5.8(ix) Reserve Account Balance after Disbursement 12,400,886.12
Section 5.8(x) Specified Reserve Account Balance 12,400,886.12
Section 5.8(xi) Total Distribution Amount 22,366,129.23
Servicing Fee 360,776.22
Administration Fee 1,000.00
Noteholders Distribution Amount 21,498,615.30
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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Page 3
Chase Manhattan Auto Owner Trust 1998-B
May 15 2000
<TABLE>
<S> <C>
Certficateholders Distribution Amount 164,379.22
Deposit to Reserve Account 341,358.49
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
