SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported) June 15, 1994
FORD CREDIT 1994-A GRANTOR TRUST
(FORD CREDIT AUTO RECEIVABLES CORPORATION - ORIGINATOR)
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(Exact name of registrant as specified in its charter)
DELAWARE 33-53491 38-2973806
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(State of other juris- (Commission File Number) (IRS Employer
diction of incorporation Identification
No.)
THE AMERICAN ROAD, DEARBORN, MICHIGAN 48121
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
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ITEM 5. OTHER EVENTS
The monthly distribution of principal and interest to
Certificateholders relating to the Ford Credit 1994-A Grantor
Trust is contained in the Monthly Report for the Collection
Period ended May 31, 1994 provided to Chemical Bank,
as trustee, and to the Certificateholders. Such Monthly Report
is attached hereto as Exhibit 19 and is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
EXHIBITS
DESIGNATION DESCRIPTION METHOD OF FILING
Exhibit 19 Report dated June 15, 1994 Filed with this
for the month ending report.
May 31, 1994 provided to
Chemical Bank, as trustee
under the Ford Credit
1994-A Grantor Trust,
and to Certificateholders.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized on the
date indicated.
FORD CREDIT 1994-A GRANTOR TRUST
(FORD CREDIT AUTO RECEIVABLES
CORPORATION - ORIGINATOR)
Date: June 27, 1994 By:/s/R. P. Conrad
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R. P. Conrad
Assistant Secretary
of Ford Credit Auto
Receivables Corporation,
originator of Trust
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EXHIBIT INDEX
DESIGNATION DESCRIPTION
Exhibit 19 Report for the month ending
May 31, 1994 provided to
Chemical Bank, as trustee under
the Ford Credit 1994-A Grantor
Trust, and to Certificateholders.
Ford Credit May 1994-A Grantor Trust
6.35% Asset Backed Certificates
Monthly Servicing Report
Collection Period: May 1994
Distribution Date: June 15, 1994
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<CAPTION>
Number of
Dollar Amount Contracts
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<S> <C> <C>
Principal Deposits in Collection Account
Available Principal Amount $ 36,631,779.51
Realized Losses 716.41
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Monthly Principal Distributable Amount 36,632,495.92
Interest Deposits in Collection Account
Available Interest Amount $ 10,125,419.35
Servicing Fee
Class A Servicing Fee $ 819,263.92
Class B Servicing Fee 91,029.32
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Total Servicing Fee $ 910,293.24
Reimbursable Advances 1,113.48
Available Interest Amount Available
for Certificateholders 9,214,012.63
Schedule of Distributions to Certificateholders
Class A
Class A Interest Distributable Amount $ 5,375,736.78
Plus: Class A Interest Carryover Shortfall 0.00
Less: Class A Available Interest Amount 8,569,031.75
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Class A Interest Draw Amount $ 0.00
Less: Available Subordination Amount 8,041,028.41
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Class A Interest Shortfall Amount $ 0.00
Remaining Class A Available Interest Amount 3,193,294.96
Interest Distribution to Class A $ 5,375,736.78
Class A Principal Distributable Amount $ 34,068,221.21
Plus: Class A Principal Carryover Shortfall 0.00
Less: Class A Available Principal Amount 34,067,554.94
-------------------
Class A Principal Draw Amount $ 666.26
Less: Available Subordination Amount 8,041,028.41
-------------------
Class A Principal Shortfall Amount $ 0.00
Principal Distribution to Class A $ 34,068,221.21
Class B
Class B Interest Distributable Amount $ 3,838,275.85
Plus: Class B Interest Carryover Shortfall 0.00
Less: Class B Available Interest Amount 3,838,275.85
Plus: Class B Interest Draws 0.00
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Class B Interest Shortfall Amount $ 0.00
Interest Distributions to Class B $ 3,838,275.85
Class B Principal Distributable Amount $ 2,564,274.71
Plus: Class B Principal Carryover Shortfall 0.00
Less: Class B Available Principal Amount 2,564,224.57
Plus: Class B Principal Draws 666.26
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Class B Principal Shortfall Amount $ 716.41
Principal Distributions to Class B $ 2,563,558.30
Principal Balances
Class A Beginning Principal Balance $ 1,015,887,266.24
Less: Reductions to Class A Principal
Balance 34,068,221.21
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Class A Ending Principal Balance $ 981,819,045.03
Class B Beginning Principal Balance $ 76,464,632.94
Less: Reductions to Class B Principal
Balance 2,564,274.71
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Class B Ending Principal Balance $ 73,900,358.23
Beginning Pool Principal Balance $ 1,092,351,899.18 89,653
Less: Reductions in Pool Principal Balance 36,632,495.92
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Ending Pool Principal Balance $ 1,055,719,403.26 88,110
Calculation of Pool Factor
Class A Pool Factor (Ending Class A
Principal Balance divided by Initial
Class A Principal Balance to 7 decimal
places) 0.9664646
Calculation of Subordinated Spread Account
Beginning Subordinated Spread Account Balance $ 1,638,528.00
Plus: Net Change in Spread Account 6,401,834.15
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Ending Subordinated Spread Account Balance $ 8,040,362.15
Advances
Advances at Beginning of the Month $ 4,732,419.83
Plus: Net Change in Advances 551,316.47
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Advances at End of the Month $ 5,283,736.30 16,146
Payaheads
Payaheads at Beginning of the Month $ 3,429,694.42
Plus: Net Change in Payaheads 1,157,956.83
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Payaheads at End of the Month $ 4,587,651.25 16,475
</TABLE>
