SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----
FORM 10-Q
(Mark One)
/x/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1996
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
-------------- ----------------
Commission file number: 021686
FORD CREDIT AUTO LOAN MASTER TRUST
(Ford Credit Auto Receivables Corporation - Originator)
- ----------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 38-2973806
- -------------------- -----------------------------------
(State of Incorporation) (I.R.S. employer identification no.)
The American Road, Dearborn, Michigan 48121
- --------------------------------------- ---------
(Address of principal executive offices) Zip code)
Registrant's telephone number, including area code (313) 322-3000
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act:
Series 1992-1, 6 7/8% Auto Loan Asset Backed Certificates
Series 1992-2, 7 3/8% Auto Loan Asset Backed Certificates
Series 1994-1, Floating Rate Auto Loan Asset Backed Certificates
Series 1995-1, 6.50% Auto Loan Asset Backed Certificates
Series 1996-1, 5.50% Auto Loan Asset Backed Certificates
Series 1996-2, Floating Rate Auto Loan Asset Backed Certificates
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(c) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
<PAGE>
PART I.
ITEM 1. Business
The Ford Credit Auto Loan Master Trust (the "Trust") was created on February
5, 1992 pursuant to the Pooling and Servicing Agreement (the "Pooling and
Servicing Agreement") dated as of December 31, 1991 among Ford Motor Credit
Company ("Ford Credit"), as servicer, Ford Credit Auto Receivables
Corporation (the "Company"), as seller, and The Chase Manhattan Bank,
formerly Chemical Bank (the "Trustee"), as trustee. Pursuant to the Pooling
and Servicing Agreement, the Company transferred to the trust property
primarily consisting of wholesale receivables generated from time to time in
a portfolio of revolving financing arrangements with automobile dealers to
finance their automobile and light truck inventory, collections as to the
receivables, security interests in the vehicles financed thereby and certain
other property. Such property was obtained by the Company pursuant to the
Receivables Purchase Agreement dated as of December 31, 1991 between the
Company, as purchaser, and Ford Credit, as seller.
In 1992, the Company registered with the Securities Exchange Commission
(the "Commission") under the Securities Act of 1933, as amended, (the "Act")
and sold to the general public the Series 1992-1, 6 7/8% Auto Loan Asset
Backed Certificates (the "Series 1992-1 Certificates") in the initial
principal amount of $1,000,000,000, and the Series 1992-2, 7 3/8% Auto Loan
Asset Backed Certificates (the "Series 1992-2 Certificates") in the initial
principal amount of $700,000,000. In 1994, the Company registered with the
Commission under the Act and sold to the general public the Floating Rate
Auto Loan Asset Backed Certificates (the "1994-1 Certificates") in the
initial principal amount of $1,000,000,000. In 1995, the Company registered
with the Commission under the Act and sold to the general public the
Series 1995-1, 6.50% Auto Loan Asset Backed Certificates (the "Series 1995-1
Certificates") in the initial principal amount of $1,000,000,000. In 1996,
the Company registered with the Commission under the Act and sold to the
general public the 1996-1, 5.50% Auto Loan Asset Backed Certificates (the
"Series 1996-1 Certificates") in the initial amount of $800,000,000 and the
Series 1996-2, Floating Rate Auto Loan Asset Backed Certificates (the 1996-2
Certificates") in the initial amount of $960,000,000. The Series 1992-1
Certificates, Series 1992-2 Certificates, Series 1994-1 Certificates, 1995-1
Certificates, Series 1996-1 Certificates and the Series 1996-2 Certificates
were created pursuant to the Series 1992-1 Supplement dated as of December
31, 1991 to the Pooling and Servicing Agreement (the "1992-1 Supplement"),
the Series 1992-2 Supplement dated as of March 31, 1992 to the Pooling and
Servicing Agreement (the "1992-2 Supplement"), the Series 1994-1 Supplement
dated as of June 30, 1994 to the Pooling and Servicing Agreement (the "1994-1
Supplement"), Series 1995-1 Supplement dated as of June 30, 1995 to the
Pooling and Servicing Agreement (the "1995-1 Supplement"), the Series 1996-1
Supplement dated December 31, 1995 (the "1996-1 Supplement") and the Series
1996-2 Supplement dated December 31, 1995 (the "1996-2 Supplement"),
respectively. Each Series of Certificates represents an undivided interest
in certain assets of the Trust.
<PAGE>
ITEM 2. PROPERTIES
- -------------------
For information regarding the property of the Trust, see the Pooling and
Servicing Agreement, the 1992-1 Supplement, the 1992-2 Supplement,
the 1994-1 Supplement, the 1995-1 Supplement, the 1996-1 Supplement, the
1996-2 Supplement and the prospectuses (Exhibits 19.14, 19.15, 19.16,
19.17, 19.18 and 19.19) relating to the Series 1992-1 Certificates, the
Series 1992-2 Certificates, the 1994-1 Certificates, the 1995-1 Certificates,
the 1996-1 Certificates and the 1996-2 Certificates and incorporated hereby
by reference. For additional information regarding the Certificates
contained in the Distribution Date Statements furnished to the Trustee on
each Distribution Date during 1996, see the Current Reports on Form 8-K
incorporated by reference herein (Exhibits 19.1 through 19.9). For
additional information, regarding the Certificates, see Exhibit 99.
ITEM 3. LEGAL PROCEEDINGS
Nothing to report.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Nothing to report.
PART II.
ITEM 5. MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED
STOCKHOLDER MATTERS
There were 68 Series 1992-1 Certificateholders, 63 Series 1992-2
Certificateholders, 30 Series 1994-1 Certificateholders,
77 Series 1995-1 Certificateholders, 64 Series 1996-1 Certificateholders and
13 1996-2 Certificateholders at November 12, 1996. There
is no established public trading market for any of the Certificates.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.
Nothing to report.
PART III.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT
(3)Amount and
nature of
(2) Name and Address beneficial
(1)Title of of beneficial ownership (4)Percent
Class owner* (in thousands) of Class
--------- ---------------- -------------- --------
Series 1992-1, Bankers Trust Company $115,760 11.6%
6 7/8% Auto Loan c/o BT Services
Asset Backed Tennessee, Inc.
Certificates Custody Services
648 Grassmere Park Rd.
Nashville, TN 37211
-3-<PAGE>
ITEM 12. (CONTINUED)
(3)Amount and
nature of
(2) Name and Address beneficial
(1)Title of of beneficial ownership (4)Percent
Class owner* (in thousands) of Class
--------- ---------------- -------------- --------
Series 1992-1 Bank of New York $ 94,320 9.4
925 Patterson Plank Rd.
Secaucus, NJ 07094
Series 1992-1, The Chase Manhattan $263,820 26.4%
6 7/8% Auto Loan Bank
Asset Backed One Chase Manhattan Plaza
Certificates 3B Proxy Dept.
New York, NY 10081
Series 1992-1, Marine Treasury $ 75,300 7.5%
6 7/8% Auto Loan Investments
Asset Backed 140 Broadway,
Certificates Level A
New York, NY 10015
Series 1992-1 Citibank, N.A. $151,090 15.1%
6 7/8% Auto Loan 111 Wall Street
Asset Backed 20th Floor, Zone 9
Certificates New York, NY 10043
Series 1992-1 SSB-Custodian $ 53,500 5.4%
6 7/8% Auto Loan Quincy Securities
Asset Backed Processing
Certificates A5W P.O.Box 1631
Boston, MA 02105-1631
Series 1992-2, Bankers Trust Company $113,805 16.3%
7 3/8% Auto Loan c/o BT Services
Asset Backed Tennessee, Inc.
Certificates Custody Services
648 Grassmere Park Road
Nashville, TN 37211
Series 1992-2, The Chase Manhattan $231,110 33.0%
7 3/8% Auto Loan Bank N.A.
Asset Backed 1 Chase Manhattan Plaza
Certificates 3B - Proxy Dept.
New York, NY 10081
Series 1992-2 Bank of New York $ 78,715 11.2%
7 3/8% Auto Loan 925 Patterson Plank Rd.
Asset Backed Secaucus, NJ 07094
Certificates
-4-<PAGE>
ITEM 12. (CONTINUED)
(3)Amount and
nature of
(2) Name and Address beneficial
(1)Title of of beneficial ownership (4)Percent
Class owner* (in thousands) of Class
--------- ---------------- -------------- --------
Series 1992-2 SSB - Custodian $ 88,810 12.7%
7 3/8% Auto Loan Quincy Securities
Asset Backed Processing
Certificates A5W P.O.Box 1631
Boston, MA 02105-1631
Series 1994-1, Chase Manhattan $ 93,915 9.4%
Floating Rate Bank, N.A.
Auto Loan 1 Chase Manhattan Plaza
Asset Backed 3B Proxy Dept.
Certificates New York, NY 10081
Series 1994-1, Citibank, N.A. $273,260 27.3%
Floating Rate 111 Wall Street
Auto Loan 20th Floor, Zone 9
Asset Backed New York, NY 10043
Certificates
Series 1994-1, Bank of New York $ 71,895 7.2%
Floating Rate 925 Patterson Plank Rd.
Auto Loan Secaucus, NJ 07094
Asset Backed
Certificates
Series 1994-1, Northern Trust Co.- $ 95,945 9.6%
Floating Rate Trust
Auto Loan 801 S. Canal C-In
Asset Backed Chicago, IL 60607
Certificates
-5-<PAGE>
ITEM 12. (CONTINUED)
(3)Amount and
nature of
(2) Name and Address beneficial
(1)Title of of beneficial ownership (4)Percent
Class owner* (in thousands) of Class
--------- ---------------- -------------- --------
Series 1994-1, SSB - Custodian $385,390 38.5%
5 5/8% Auto Loan Quincy Securities
Asset Backed Processing
Certificates A5W P.O.Box 1631
Boston, MA 02105-1631
Series 1995-1 Bank of New York $119,480 11.9%
6.50% Auto Loan 925 Patterson Plank Rd.
Asset Backed Secaucus, NJ 07094
Certificates
Series 1995-1 Bankers Trust Company $ 77,615 7.8%
6.50% Auto Loan c/o BT Services
Asset Backed Tennessee, Inc.
Certificates Custody Services
648 Grassmere Park Rd.
Nashville, TN 37211
Series 1995-1 Boston Safe Deposit & $ 75,345 7.5%
6.50% Auto Loan Trust Co.
Asset Backed c/o ADP Proxy Services
Certificates 51 Mercedes Way
Edgewood, NY 11717
Series 1995-1 Bank of Tokyo- $110,000 11.0
6.50% Auto Loan Mitsubishi Trust
Asset Backed Company (The)
Certificates c/o The Bank of Tokyo
Trust Co.
100 Broadway
New York, NY 10005
Series 1995-1 Chase Manhattan Bank, $154,920 15.5%
6.50% Auto Loan N.A. (The)
Asset Backed One Chase Manhattan Plaza
Certificates 3B - Proxy Dept.
New York, NY 10081
Series 1995-1 SSB-Custodian $159,780 16.0%
6.50% Auto Loan Quincy Securities
Asset Backed Processing
Certificates A5W P.O.Box 1631
Boston, MA 02105-1631
-6-
<PAGE>
ITEM 12. (CONTINUED) (3)Amount and
nature of
(2) Name and Address beneficial
(1)Title of of beneficial ownership (4)Percent
Class owner* (in thousands) of Class
--------- ---------------- -------------- --------
Series 1996-1, Bankers Trust Company $ 59,480 7.4%
5.50% Auto c/o BT Services
Loan Asset Tennessee, Inc.
Backed Custody Services
Certificates 648 Grassmere Park Rd.
Nashville, TN 37211
Series 1996-1 Bank One Trust Company $101,000 12.6%
5.50% Auto N.A./
Loan Asset Public Employee
Backed Retirement System
Certificates 277 E. Town Street
Columbus, OH 43215
Series 1996-1 Boston Safe Deposit & $ 48,490 6.1%
5.50% Auto Trust Co.
Loan Asset c/o ADP Proxy Services
Backed 51 Mercedes Way
Certificates Edgewood, NY 11717
Series 1996-1 Morgan Guaranty Trust $125,610 15.7%
5.50% Auto Co. of New York
Loan Asset 37 Wall Street, 16th Floor
Backed New York, NY 10260
Certificates
Series 1996-1 SSB-Custodian $111,380 13.9%
5.50% Auto Quincy Securities
Loan Asset Processing
Backed A5W P.O. Box 1631
Certificates Boston, MA 02105-1631
Series 1996-1 Bank of New York $ 49,220 6.2%
5.50% Auto 925 Patterson Plank Rd.
Loan Asset Secaucus, NJ 07094
Backed
Certificates
-7-<PAGE>
ITEM 12. (CONTINUED)
(3)Amount and
nature of
(2) Name and Address beneficial
(1)Title of of beneficial ownership (4)Percent
Class owner* (in thousands) of Class
--------- ---------------- -------------- --------
Series 1996-2 Bankers Trust Company $294,500 30.7%
Floating Rate c/o BT Services
Auto Loan Tennessee, Inc.
Asset Backed Custody Services
Certificates 648 Grassmere Park Rd.
Nashville, TN 37211
Series 1996-2 Chemical Bank $ 92,200 9.6%
Floating Rate Auto Settlement Dept.
Auto Loan 4 New York Plaza, 4th Floor
Asset Backed New York, NY 10004
Certificates
Series 1996-2 Citibank, N.A. $204,800 21.3%
Floating Rate 111 Wall Street
Auto Loan 20th Floor, Zone 9
Asset Backed New York, NY 10043
Certificates
Series 1996-2 SSB-Custodian $315,870 32.9%
Floating Rate Quincy Securities
Auto Loan Processing
Asset Backed A5W P.O. Box 1631
Certificates Boston, MA 02105-1631
* As of November 12, 1996
-8-
<PAGE>
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Nothing to report.
PART IV.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND
REPORTS ON FORM 8-K
(a)3. Exhibits
Designation Description Method of Filing
- ----------- ----------- ----------------
Exhibit 3.1 Restated Certificate of Filed as Exhibit 3.1 to
Incorporation of Ford Ford Credit Auto
Credit Auto Receivables Receivables
Corporation. Corporation's
Registration Statement
on Form S-1(No.33-44432)
and incorporated herein
by reference.
Exhibit 3.2 By-Laws of Ford Credit Filed as Exhibit 3.2 to
Auto Receivables Ford Credit Auto
Corporation. Receivables
Corporation's
Registration Statement
on Form S-1(No.33-44432)
and incorporated herein
by reference.
Exhibit 4.1 Conformed copy of Pooling Filed as Exhibit 4.1 to
and Servicing Agreement Ford Credit Auto
dated as of December 31, Receivables
1991 among Ford Credit Corporation's
Auto Receivables Registration Statement
Corporation, as seller, on Form S-1(No.33-47582)
Ford Motor Credit Company and incorporated herein
as servicer, and The Chase by reference.
Manhattan Bank, formerly
Chemical Bank, as trustee.
-9-
<PAGE>
ITEM 14. (Continued)
Designation Description Method of Filing
- ----------- ----------- -----------------
Exhibit 4.2 Conformed copy of Series Filed as Exhibit 4.2 to
1992-1 Supplement dated Ford Credit Auto Loan
as of December 31, 1991 Master Trust Current
to the Pooling and Report on Form 8-K dated
Servicing Agreement February 7, 1992 and
referenced in Exhibit and incorporated herein
4.1 above among Ford by reference.
Credit Auto Receivables
Corporation, as seller,
Ford Motor Credit Company,
as servicer, and The Chase
Manhattan Bank, formerly
Chemical Bank, as trustee.
Exhibit 4.3 Conformed copy of Series Filed as Exhibit 4.2 to
1992-2 Supplement dated Ford Credit Auto Loan
as of March 31, 1993 to Master Trust Current
Pooling and Servicing Report on Form 8-K dated
Agreement referred to in May 15, 1992 and
Exhibit 4.1 above among incorporated herein by
Ford Credit Auto reference.
Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank,
formerly Chemical Bank,
as trustee.
Exhibit 4.4 Form of Series 1994-1 Filed as Exhibit 4.2 to
Supplement to the Pooling Registration Statement No.
and Servicing Agreement 33-54673 on Form S-3 and
referred to in Exhibit 4.1 incorporated herein by
above among Ford Credit reference.
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank,
formerly Chemical Bank,
as trustee.
-10-
<PAGE>
ITEM 14. (Continued)
Designation Description Method of Filing
- ----------- ----------- -----------------
Exhibit 4.5 Form of Series 1995-1 Filed as Exhibit 4.2 to
Supplement to the Pooling Registration Statement No.
and Servicing Agreement 33-61033 on Form S-3 and
referred to in Exhibit 4.1 incorporated herein by
above among Ford Credit reference.
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank,
formerly Chemical Bank,
as trustee.
Exhibit 4.6 Form of Series 1996-1 Filed as Exhibit 4.2 to
Supplement to the Pooling Registration Statement No.
and Servicing Agreement 333-00243 on Form S-3 and
referred to in Exhibit 4.1 incorporated herein by
above among Ford Credit reference.
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank
formerly Chemical Bank,
as trustee.
Exhibit 4.7 Form of Series 1996-2 Filed as Exhibit 4.3 to
Supplement to the Pooling Registration Statement No.
and Servicing Agreement 333-00243 on Form S-3 and
referred to in Exhibit 4.1 incorporated herein by
above among Ford Credit reference.
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank,
formerly Chemical Bank, as
trustee.
Exhibit 19.1 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period Ford Credit Auto Loan
ended January 31, 1996. Master Trust Current
Report on Form 8-K
dated February 13, 1996
and incorporated
herein by reference.
-11-
<PAGE>
ITEM 14. (Continued)
Designation Description Method of Filing
- ----------- ----------- ----------------
Exhibit 19.2 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
February 29, 1996. Master Trust Current
Report on Form 8-K
dated March 13, 1996
and incorporated
herein by reference.
Exhibit 19.3 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
March 31, 1996. Master Trust Current
Report on Form 8-K
dated April 16, 1996
and incorporated
herein
by reference.
Exhibit 19.4 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period Ford Credit Auto Loan
ended April 30, 1996. Master Trust Current
Report on Form 8-K
dated May 24, 1996
and incorporated
herein by reference.
Exhibit 19.5 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
May 31, 1996. Master Trust Current
Report on Form 8-K
dated June 11, 1996
and incorporated
herein by reference.
Exhibit 19.6 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
June 30, 1996. Master Trust Current
Report on Form 8-K
dated July 11, 1996
and incorporated herein
by reference.
Exhibit 19.7 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
July 31, 1996. Master Trust Current
Report on Form 8-K
dated August 12, 1996
and incorporated herein
by reference.
-12-
<PAGE>
ITEM 14. (Continued)
Designation Description Method of Filing
- ----------- ----------- ----------------
Exhibit 19.8 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
August 31, 1996. Master Trust Current
Report on Form 8-K
dated September 9, 1996
and incorporated herein
by reference.
Exhibit 19.9 Distribution Date Statement Filed as Exhibit 19 to
for Collection Period ended Ford Credit Auto Loan
September 30, 1996. Master Trust Current
Report on Form 8-K
dated October 14, 1996
and incorporated herein
by reference.
Exhibit 19.14 Prospectus dated January Filed as Exhibit 28.1
30, 1992 relating to to Ford Credit Auto
Series 1992-1 Master Trust Current
Certificates. Report on Form 8-K
dated February 7, 1992
and incorporated herein
by reference.
Exhibit 19.15 Prospectus dated May Filed as Exhibit 28.1
11, 1993 relating to to Ford Credit Auto
Series 1992-2 Loan Master Trust
Certificates. Report on Form 8-K
dated May 15, 1992 and
incorporated herein by
reference.
Exhibit 19.16 Prospectus dated July Filed with the Commission
26, 1994 relating to pursuant to Rule 424(b)(1) on
Series 1994-1 July 27, 1994 and
Certificates incorporated herein by
reference.
Exhibit 19.17 Prospectus dated August Filed with the Commission
1, 1995 relating to pursuant to Rule 424(b)(1) on
Series 1995-1 August 3, 1995 and
Certificates incorporated herein by
reference.
-13-
<PAGE>
reference.
ITEM 14. (Continued)
Designation Description Method of Filing
- ----------- ----------- ----------------
Exhibit 19.18 Prospectus dated February Filed with the Commission
12, 1996 relating to pursuant to Rule 424(b)(1) on
Series 1996-1 February 14, 1996 and
Certificates incorporated herein by
Exhibit 19.19 Prospectus dated February Filed with the Commission
12, 1996 relating to pursuant to Rule 424(b)(1) on
Series 1996-2 February 14, 1996 and
Certificates incorporated herein by
reference.
Exhibit 99 Selected Information Filed with this
relating to the Series report.
1992-1 Certificates, the
the Series 1992-2
Certificates, the Series
1994-1 Certificates
the Series 1995-1
Certificates, the Series
1996-1 Certificates and
the Series 1996-2
Certificates.
-14-<PAGE>
(b) Reports on Form 8-K
Date of Report Item
July 11, 1996 Item 5 - Other Events
August 12, 1996 Item 5 - Other Events
September 9, 1996 Item 5 - Other Events
SIGNATURES
Pursuant to the requirements of Section 13 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.
Ford Credit Auto Loan Master Trust
(Registrant)
November 13, 1996 By:/s/ Richard P. Conrad
------------------------
Richard P. Conrad
(Assistant Secretary of Ford
Credit Auto Receivables
Corporation, originator of
Trust)
-15-
<PAGE>
EXHIBIT INDEX
Exhibit
Number Description of Exhibit Page
- -------- ---------------------- ----
Exhibit 3.1 Restated Certificate of *
Incorporation of Ford Credit
Auto Receivables Corporation.
Exhibit 3.2 By-Laws of Ford Credit Auto *
Receivables Corporation.
Exhibit 4.1 Conformed copy of Pooling and *
Servicing Agreement dated as
of December 31, 1991 among
Ford Credit Auto Receivables
Corporation, as seller, Ford
Motor Credit Company, as
servicer, and The Chase Manhattan
Bank, formerly Chemical Bank,
as trustee.
Exhibit 4.2 Conformed copy of Series *
1992-1 Supplement dated as of
December 31, 1991 to the
Pooling and Servicing
Agreement referenced in Exhibit
4.1 above among Ford Credit
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank, formerly
Chemical Bank, as trustee.
Exhibit 4.3 Conformed copy of Series *
1992-2 Supplement dated as of
March 31, 1993 to the Pooling
and Servicing Agreement
referred to in Exhibit 4.1
above among Ford Credit Auto
Receivables Corporation, as
seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank, formerly
Chemical Bank, as trustee.
-16-
<PAGE>
Exhibit
Number Description of Exhibit Page
- -------- ---------------------- ----
Exhibit 4.4 Form of Series 1994-1 *
Supplement to the Pooling
Servicing Agreement
referred to in Exhibit 4.1
above among Ford Credit
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank, formerly
Chemical Bank, as trustee.
Exhibit 4.4 Form of Series 1995-1 *
Supplement to the Pooling
Servicing Agreement
referred to in Exhibit 4.1
above among Ford Credit
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank, formerly
Chemical Bank, as trustee.
Exhibit 4.6 Form of Series 1996-1 *
Supplement to the Pooling
and Servicing Agreement
referred to in Exhibit 4.1
above among Ford Credit
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank, formerly
Chemical Bank, as trustee.
Exhibit 4.7 Form of Series 1996-2 *
Supplement to the Pooling
and Servicing Agreement
referred to in Exhibit 4.1
above among Ford Credit
Auto Receivables Corporation,
as seller, Ford Motor Credit
Company, as servicer, and
The Chase Manhattan Bank, formerly
Chemical Bank, as trustee.
Exhibit 19.1 Distribution Date Statement *
for Collection Period
ended January 31, 1996.
-17-<PAGE>
Exhibit
Number Description of Exhibit Page
- -------- ---------------------- ----
Exhibit 19.2 Distribution Date Statement *
for Collection Period
ended February 29, 1996.
Exhibit 19.3 Distribution Date Statement *
for Collection Period
ended March 31, 1996.
Exhibit 19.4 Distribution Date Statement *
for Collection Period
ended April 30, 1996.
Exhibit 19.5 Distribution Date Statement *
for Collection Period
ended May 31, 1996.
Exhibit 19.6 Distribution Date Statement *
for Collection Period
ended June 30, 1996.
Exhibit 19.7 Distribution Date Statement *
for Collection Period ended
July 31, 1996.
Exhibit 19.8 Distribution Date Statement *
for Collection Period ended
August 31, 1996.
Exhibit 19.9 Distribution Date Statement *
for Collection Period ended
September 30, 1996.
Exhibit 19.14 Prospectus dated January 30, *
1992 relating to Series
1992-1 Certificates.
Exhibit 19.15 Prospectus dated May 11, 1992 *
relating to Series 1992-2
Certificates.
Exhibit 19.16 Prospectus dated July 26, *
1994 relating to Series 1992-3
Certificates.
Exhibit 19.17 Prospectus dated August 1, *
1995 relating to Series 1995-1
Certificates.
-18-<PAGE>
Exhibit
Number Description of Exhibit Page
- -------- ---------------------- ----
Exhibit 19.18 Prospectus dated February *
12, 1996 relating to
Series 1996-1
Certificates
Exhibit 19.19 Prospectus dated February *
12, 1996 relating to
Series 1996-2
Certificates
Exhibit 99 Selected Information relating 20
to the Series 1992-1
Certificates, the Series 1992-2
Certificates, the Series
1994-1 Certificates, the Series
1995-1 Certificates, the Series
1996-1 Certificates and the Series
1996-2 Certificates.
__________________
* Previously Filed
-19-
Exhibit 99
Selected Information
Relating to Series 1992-1 Certificates,
Series 1992-2 Certificates, Series 1994-1 Certificates,
Series 1995-1 Certificates, Series 1996-1 Certificates
and Series 1996-2 Certificates from January 1, 1996
through September 30, 1996
----------------------------------------
<TABLE>
<CAPTION>
Series 1992-1 Series 1992-2 Series 1994-1 Series 1995-1
6 7/8% Auto 7 3/8% Auto Floating Rate 6.50% Auto
Loan Asset Loan Asset Loan Asset Loan Asset
Backed Backed Backed Backed
Certificates Certificates Certificates Certificates
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Interest
Paid $ 45,833,333.36 $ 38,718,749.97 $ 43,809,693.34 $ 48,861,111.60
Servicing
Fee Paid $ 7,499,999.97 $ 5,249,999.97 $ 7,499,999.97 $ 7,499,999.97
Series 1996-1 Series 1996-2
5.50% Auto Floating Rate
Loan Asset Loan Asset
Backed Backed
Certificates Certificates
------------ ------------
Interest $ 28,477,777.79 $ 34,900,266.66
Paid
Servicing $ 5,200,000.01 $ 6,240,000.00
Fee Paid
</TABLE>
-20-
