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<PAGE>
Exhibit 20.1
Chase Manhattan Auto Grantor Trust 1996-B
Statement to Certificateholders
15-Sep-00
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
CLASS ORIGINAL PRIOR PRINCIPAL INTEREST TOTAL
FACE PRINCIPAL
VALUE BALANCE
<S> <C> <C> <C> <C> <C> <C>
A 1,478,422,107.71 94,709,858.63 11,259,076.13 521,693.47 11,780,769.60
B 45,725,000.00 2,929,209.62 348,223.46 16,501.21 364,724.67
TOTALS 1,524,147,107.71 97,639,068.25 11,607,299.59 538,194.68 12,145,494.27
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
CLASS PRIOR PRINCIPAL INTEREST TOTAL CURRENT
PRINCIPAL PRINCIPAL
FACTOR FACTOR
A 64.06144641 7.6156032 0.3528718 7.968475 56.445843
B 64.06144604 7.61560328 0.3608794 7.976483 56.445843
TOTALS 64.0614464 7.6156032 0.353112 7.968715 56.445843
<CAPTION>
DISTRIBUTION IN DOLLARS
CLASS REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
<S> <C> <C> <C> <C>
A 0 0 83,450,782.50
B 0 0 2,580,986.16
TOTALS 0 0 86,031,768.66
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
CLASS CLASS CURRENT
PASS-THRU
RATE
A A 6.61%
B B 6.76%
TOTALS
</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 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
STATEMENT TO CERTIFICATEHOLDERS
Due Period 48
Due Period Beg Date 8/1/00
Due Period End Date 8/31/00
Determination Date 9/8/00
Section 5.8(iii) Servicing Fee 81,365.89
Section 5.8(iii) Servicing Fee per $1000 0.05338454
Section 5.8(v) Pool Balance at the end of the Collection Period 86,031,768.66
Section 5.8(vi) Net Losses for Collection Period 55,010.67
Section 5.8(vii) Carryover Shortfall for Collection Period
Class A Interest 0
Class B Interest 0
Class A Principal 0
Class B Principal 0
TOTAL 0
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
By Seller 0
By Servicer 105,887.35
TOTAL 105,887.35
Section 5.8(xi) Advance Summary for Collection Period
Unreimbursed Advances for Previous Period 3,949,553.40
Unreimbursed Advances for Period 3,946,236.05
Change From Previous Periods -3,317.35
Reimbursed advance from collections 122,612.48
Reimbursed advance from liquidation proceeds 8,925.59
Reimbursed advance from reserve account withdrawals 0
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
MONTHLY SERVICER REPORT
<TABLE>
<S> <C>
I. Available Amount in the Collection Account
A. Credits
1. Payments from Obligors Applied to Collection Period
a. Principal Payments 11,409,345.26
b. Other Interest Payments 749,705.95
c. Total 12,159,051.21
2. Proceeds from Repurchased Receivables
a. Principal Before Cutoff Date 0
b. Interest Before Cutoff Date 0
c. Principal Payments 102,807.53
d. Recovery of Advance 2,372.54
e. Other Interest Payments 707.28
f. Total 105,887.35
3. Reversal from Defaulted Contracts 0
4. Recovery of Defaulted Receivables 42,265.71
5. Advance Recoveries Before Cutoff Date
a. Principal 0
b. Interest 0
c. Total 0
6. Advance Recoveries for the Current Period
a. Principal 0
b. Interest 0
c. Total 0
7. Net Adjustments 0
8. Advances by Servicer 128,220.72
9. Reserve Fund Transfer Amount 0
10. Overpayment from Obligors 0
11. Total Credits 12,435,424.99
B. Debits
1. Overpayments From Obligors 0
2. Advance Recovery Amount Before Cutoff Data to Seller
a. Principal 0
b. Interest 0
c. Total 0
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
MONTHLY SERVICER REPORT
3. Reversal of Defaulted Contracts 0
4. Reimbursement of Advance 122,612.48
5. Total Debits 122,612.48
C. Total Available Amount (Lines A-B) 12,312,812.51
II. Liquidation Proceeds on Defaulted Receivables for the Collection Period
A. Principal 95,146.80
B. Interest 8,925.59
C. Total 104,072.39
III. Disbursements from Collection Account
A. Avalaible Distribution Amount
1. Available Distribution Amount 12,312,812.51
2. Reserve Account Transfer Amount 0
3. Total Distribution Amount 12,312,812.51
B. Monthly Servicing Fee 81,365.89
C. Class A Interest Distributable Amount 521,693.47
D. Class B Interest Distributable Amount 16,501.21
E. Class A Principal Distributable Amount 11,259,076.13
F Class B Principal Distributable Amount 348,223.46
G. Return of Advanced Interest on Defaulted Receivables 8,925.59
E. Deposit to Reserve Account 77,026.76
IV. Monthly Disbursements
A. Pool Servicing Fee
a. Monthly Servicing Fee 81,365.89
b. Unpaid Monthly Servicing Fee 0
c. Total 81,365.89
B. Certificateholders' Interest Distributable Amount
Class A Monthly Interest 521,693.47
Class A Carryover Shortfall 0
Class A Total 521,693.47
Class B Monthly Interest 16,501.21
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
Class B Carryover Shortfall 0
Class B Total 16,501.21
Total for Certificates Monthly Interest 538,194.68
Total for Certificates Carryover Shortfall 0
Total for Certificates Total 538,194.68
C. Certificateholders' Principal Distributable Amount
Class A Monthly Principal 11,259,076.13
Class A Carryover Shortfall 0
Class A Total 11,259,076.13
Class B Monthly Principal 348,223.46
Class B Carryover Shortfall 0
Class B Total 348,223.46
Total for Certificates Monthly Principal 11,607,299.59
Total for Certificates Carryover Shortfall 0
Total for Certificates Total 11,607,299.59
D. Total Disbursements 12,226,860.16
V. Payment Deficiency Amount
A. Scheduled monthly disbursements 12,226,860.16
B. Available Distribution Amount
1. Available Amount in Certificate Account 12,312,812.51
2. Excess Collections in Certificate Account 77,026.76
3. Reimbursed Advance on Defaulted Receivables from Excess Spread 8,925.59
4. Available Distribution Amount (Lines 1-2-3) 12,226,860.16
C. Payment deficiency amount 0
VI. Reserve Account Transfer Amount
A. Available Reserve Amount 11,431,103.00
B. Payment Deficiency Amount 0
C. Withdrawal for Write-Off 0
D. Reserve Account Withdrawal (Min: Lines A and (B+C)) 0
VII. Pool Balance Reduction Allocation for Collection Period
A. Beginning Pool Balance 97,639,068.25
B. Pool Balance Reduction
1. Avalaible Principal
a. Principal Payments 11,409,345.26
b. From Repurchased Receivables 102,807.53
c. Total 11,512,152.79
2. From Defaulted Receivables 95,146.80
3. Total Pool Balance Reduction 11,607,299.59
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
C. Ending Pool Balance 86,031,768.66
D. Allocations
1. Percentage Allocation
a. Class A 97.00%
b. Class B 3.00%
2.Monthly Principal Allocation
a Class A 11,259,076.13
b Class B 348,223.46
VIII. Delinquency and Defaults
Group 1
Period Number Delinquency Amount Principal Balance
30-59 days 822 573,464.61 3,140,482.85
60-89 days 162 157,653.56 617,470.80
90-119 days 75 95,087.66 253,888.50
120+149 days 33 38,152.50 64,060.33
150+179 days 15 25,282.50 45,216.81
180+209 days 8 7,451.25 7,995.02
210+239 days 5 8,728.21 10,013.46
240+Days Delinquent 0 0 0
Total 1120 905,820.29 4,139,127.77
B. Principal amount of loans in defaulted receivables 95,146.80
C. Delinquency Percentage
1. Outstanding principal balance for deliquency (less than)= 60 days 998,644.92
2. Pool Principal Ending Balance 86,031,768.66
3. Delinquency Percentage 1.16%
IX. Pool Delinquency Percentages
A. Delinquency Percentage for 2nd previous period 0.96%
B. Delinquency Percentage for previous period 1.09%
C. Delinquency Percentage for current period 1.16%
D. Average Deliquency Percentage 1.07%
X. Portfolio Loss Ratios
A. Net Loss Ratio for 2nd previous period 0.04%
B. Net Loss Ratio for previous period 0.91%
1. Principal Balance of Defaulted Receivables 95,146.80
2. Principal Recoveries on Defaulted Receivables 40,136.13
3. Average Pool Balance for Collection Period 91,835,418.45
4. Net Loss Ratio for Current Period(12*(1-2)/3) 0.72%
D. Average Net Loss Ratio ((A+B+C) / 3) 0.56%
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
XI. Specified Reserve Account Balance
A. Calculation for Reserve Account Floor Amount
1. Guaranteed Floor Amount 11,431,103.00
2. Possible Floor Amount
a. Principal Balance at the Beginning of Next Collection Period 86,031,768.66
b. Cumulative Monthly Interest through Final Distribution Date
Class A Balance 83,450,782.50
Class A Interest Rate 6.61
Class A Service Rate 0.01
Class A Term 25
Class A Interest 11,491,868.17
Class A Service Fee 1,738,557.97
Class A Total 13,230,426.14
Class B Balance 2,580,986.16
Class B Interest Rate 6.76
Class B Service Rate 0.01
Class B Term 25
Class B Interest 363,488.88
Class B Service Fee 53,770.55
Class B Total 417,259.43
c. Possible Floor Amount equals Pool Balance + Interest + Service Fee(Lines a+b) 99,679,454.23
3. Reserve Account Floor (Minimum Lines 1 and 2) 11,431,103.00
B. Possible Reserve Account Amount
1. Reserve Account Trigger Percentages
a. Average Delinquency Percentage 1.07%
b. Average Delinquency Percentage Trigger 1.25%
c. Average Loss Ratio 0.56%
d. Average Loss Ratio Trigger 1.25%
e. Maximum Reserve Account Percentage Specified 5.25%
f. Minimum Reserve Account Percentage specified 3.25%
g. Reserve Account Percentage Applied 3.25%
2. Pool Principal Balance 86,031,768.66
3. Possible Reserve Account Amount 2,796,032.48
C. Specified Reserve Account Balance (Max: Lines A and B) 11,431,103.00
XII. Reserve Account
A. Reserve Account Balance After Disbursement from Previous Period
1. Reserve Account Balance After Disbursement from Previous Period 11,431,103.00
2. Reserve Account Transfer Amount 0
3. Investment Earnings 0
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
4. Deposit to Reserve Account After Disbursement 77,026.76
5. Amount After Deposit 11,508,129.76
B. Specified Reserve Account Balance 11,431,103.00
C. Available Reserve Account Amount (Min: Lines A and B) 11,431,103.00
D. Excess Amount to Seller 77,026.76
XIII. Weighted Average Coupon as of Current Period 9.24921157
XIV. Weighted Average Maturity as of Current Period 9.86146663
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
MONTHLY PAYMENT REPORT
<S> <C>
I. Monthly Disbursement to Certificateholders
A. Monthly Principal and Principal Carryover Shortfall
1. Class A 11,259,076.13
2. Class B 348,223.46
3. Total 11,607,299.59
B. Total Interest and Unpaid Interest
1. Class A 521,693.47
2. Class B 16,501.21
3. Total 538,194.68
C. Total to Certificateholders
1. Class A 11,780,769.60
2. Class B 364,724.67
3. Total 12,145,494.27
II. Payment Summary for Servicer
A. Monthly Disbursement to Servicer
1. Loan servicing Fee Disbursement 81,365.89
2. Late Fees 0
3. Net Investment Earnings on Collection Account 0
4. Total Servicing Fee 81,365.89
B. Advance by Servicer 128,220.72
C. Reimbursement of Advanced Interest on Defaulted Receivables 8,925.59
D. Net Transfer of Certificate Account 37,929.24
III. Net Reserve Account Deposit 77,026.76
IV. Excess to Seller 77,026.76
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
MONTHLY BALANCE REPORT
<TABLE>
<S> <C>
I. Defaulted Receivable Summary
A. Beginning Balance
1. Principal 14,020,488.92
2. Interest 608,735.53
3. Total 14,629,224.45
B. Additions
1. Additions: Principal 95,146.80
2. Interest 8,925.59
3. Total 104,072.39
C. Net Recoveries
1. Principal 40,136.13
2. Interest 356.56
3. Excess 1,773.02
4 Total 42,265.71
D. Adjustments on Excess from Recoveries 1,773.02
E. Ending Balance
1. Principal 14,075,499.59
2. Interest 617,304.56
3. Total 14,692,804.15
II. Outstanding Advance Summary
A. Beginning Balance 3,949,553.40
B. Additions 128,220.72
C. Reimbursements
1. From Defaulted Receivables
a. From Reserve Account 0
b. From Recoveries of Defaulted Receivables 0
c. From Excess Spread 8,925.59
d. Total 8,925.59
2. Others 122,612.48
D. Total 131,538.07
E. Ending balance 3,946,236.05
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
III. Unreimbursed Advances of Defaulted Receivables Summary
A. Beginning Balance 0
B. Additions 8,925.59
C. Reimbursements
1. From excess reserve account 0
2. from recovery of defaulted receivables 0
3. From Excess Spread 8,925.59
4. Total 8,925.59
D. Ending Balance 0
IV. Maturity Interest Deficiency Summary
A. Beginning Balance 2,721,202.76
B. Additions 69,940.34
C. Ending Balance 2,791,143.10
V. Certificate Principal Balance Summary
A. Beginning Balance 97,639,068.25
B. Montly Principal
1. Defaulted receivables 95,146.80
2. Repurchased receivables 102,807.53
3. Principal payment 11,409,345.26
4. Total 11,607,299.59
C. Ending Balance 86,031,768.66
VI. Automobile Receivable Balance Summary
A. Beginning Balance 97,639,068.25
B. Automobile Receivables Monthly Principal
1. Defaulted receivables 95,146.80
2. Others 11,512,152.79
3. Total 11,607,299.59
A. Ending Balance 86,031,768.66
VII. Automobile Tally Summary
A. Beginning number of receivables 26,816
B. Additions 0
C. Deductions
1. Repurchased receivables 15
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
2. Defaulted receivables 27
3. Matured receivables 1,719
4. Total 25,055
VIII. Weighted Average Coupon Summary
A.Beginning Coupon 9.24%
B. Ending Coupon 9.25%
IX. Weighted Average Maturity Summary
A. Beginning Maturity 10.7875622
B. Ending Maturity 9.86146663
X. Net Loss Ratio Summary
A. Prior periods Net Loss Ratio 0.91%
B. Current periods Net Loss Ratio 0.72%
XI. Investor Certificate Summary
A. Beginning Balance
a. Class A 94,709,858.63
b. Class B 2,929,209.62
c. Total 97,639,068.25
XII. Investor Certificate Summary
A. Beginning Balance
2. Principal Carryover Shortfall
a. Class A 0
b. Class B 0
c. Total 0
3. Interest Shortfall
a. Class A 0
b. Class B 0
c. Total 0
4. Total
a. Class A 94,709,858.63
b. Class B 2,929,209.62
4.c. Total 97,639,068.25
B. Scheduled Distribution Amount
1. Certificate Principal
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
a. Class A 11,259,076.13
b. Class B 348,223.46
c. Total 11,607,299.59
2. Certificate Interest
a. Class A 521,693.47
b. Class B 16,501.21
c. Total 538,194.68
3. Total
a. Class A 11,780,769.60
b. Class B 364,724.67
c. Total 12,145,494.27
C. Disbursment for Due Period
1. Certificate Principal
a. Class A 11,259,076.13
b. Class B 348,223.46
c. Total 11,607,299.59
2. Certificate Interest
a. Class A 521,693.47
b. Class B 16,501.21
c. Total 538,194.68
3. Total
a. Class A 11,780,769.60
b. Class B 364,724.67
c. Total 12,145,494.27
D. Ending Balance
Principal Balance
a. Class A 83,450,782.50
b. Class B 2,580,986.16
c. Total 86,031,768.66
2. Principal Carryover Shortfall
a. Class A 0
b. Class B 0
c. Total 0
3. Interest Shortfall
a. Class A 0
b. Class B 0
c. Total 0
4. Total
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Auto Grantor Trust 1996-B
15-Sep-00
<TABLE>
<S> <C>
a. Class A 83,450,782.50
b. Class B 2,580,986.16
c. Total 86,031,768.66
XIV. Reserve Account Summary
A. Beginning Balance 11,431,103.00
B. Addition for Reserve Account Deposit 77,026.76
C. Reduction Back to Seller
1. Reserve Account Withdraw 0
2. Excess Back to Seller 77,026.76
3. Total(Lines 1 & 2) 77,026.76
D. Ending Balance 11,431,103.00
XV. Reserve Account Percentage Summary
A. Current Period Percentage 11.71%
B. Next Period Percentage 13.29%
</TABLE>
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
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