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Previous: UNIVERSAL OUTDOOR HOLDINGS INC, POS AM, 1996-07-25 |
Next: KAHLER REALTY CORP, DEFM14A, 1996-07-25 |
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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): July 15, 1996
NATIONSBANK, N.A.
(Exact name of registrant as specified in its charter)
(As Servicer on Behalf of NationsBank Auto Grantor Trust 1995-A)
United States
of America 33-97436 57-0236115
---------- -------- ----------
(State or other (Commission File (IRS employer
Jurisdiction of Number) Identification No.)
Incorporation
NationsBank, N.A.
NationsBank Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28255
(704) 386-5000
(Address of principal executive offices)
Registrant's telephone number including area code: (704) 386-5000
Exhibit Index appears on Page 4
<PAGE>
Item 5. Other Events
------------
The Registrant hereby incorporates by reference the information
contained in Exhibit 28 hereto in response to this Item 5.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
--------------------------------------------------------------------
(c) Exhibits
99 Monthly Servicers Certificate for NationsBank, N.A.
Class A & B, NationsBank Auto Trust 1995-A
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NATIONSBANK, N.A.
(Registrant)
(As Servicer on Behalf of NationsBank Auto Grantor Trust 1995-A)
Dated: July 23, 1996 By: \s\Leslie J. Fitzpatrick
Name: Leslie J. Fitzpatrick
Title: Senior Vice President
(Duly Authorized Officer)
<PAGE>
INDEX TO EXHIBITS
Sequentially
Exhibit Numbered
Number Exhibit Pages
- ------- ------- ------------
99 Monthly Servicers Certificate for NationsBank,N.A. 1-3
Class A & B, NationsBank Auto Trust 1995-A
<PAGE>
<TABLE> Exhibit #99
MONTHLY SERVICERS CERTIFICATE
SERVICER: NATIONSBANK, N.A.
NATIONSBANK AUTO TRUST 1995-A
Pursuant to the Pooling and Servicing Agreement, dated as of December 6,
1995 (as amended and supplemented, the "Pooling and Servicing Agreement")
between NationsBank, N.A., NationsBank of Georgia,N.A.
NationsBank of Florida, N.A., and NationsBank of Texas, N.A.
(as "Sellers"); NationsBank N.A. (as "Servicer"); and Chemical Bank
(as "Trustee"), the Servicer is required to prepare certain information each
month regarding distributions to Certificateholders' and the performance of the
Trust. The information with respect to the applicable Distribution Date and Due
Period is set forth below.
<CAPTION>
Collection Period Jun-96
Determination Date 7/8/96
Deposit Date 7/12/96
Distribution Date 7/15/96
Pool Balance on the close of the last day of
<S> <C>
the preceding Collection Period 797,407,389.25
Less: Principal Collections 33,253,247.52
Purchase Amount allocable to Principal 0.00
Realized Losses 810,696.76
-------------------
Pool Balance on the close of the last day of
the Collection Period 763,343,444.97
===================
Original Pool Balance 1,066,816,806.33
Pool Factor 71.55338%
Class A Certificate Balance
Beginning Class A Certificate Balance 773,485,167.57
Class A Principal Distribution to Class A
Distribution Account 33,042,025.95
-------------------
Ending Class A Certificate Balance 740,443,141.62
Original Class A Certificate Balance 1,034,812,302.14
Class A Pool Factor 71.55338%
Class B Certificate Balance
Beginning Class B Certificate Balance 23,922,221.68
Class B Principal Distribution to Class B
Distribution Account 1,021,918.33
-------------------
Ending Class B Certificate Balance 22,900,303.35
Original Class B Certificate Balance 32,004,504.19
Class B Pool Factor 71.55338%
Class A Pass-Through Rate 5.8500%
Class B Pass-Through Rate 6.0000%
Class A Percentage 97.0000%
Class B Percentage 3.0000%
Available Interest
Collections and Liquidation Proceeds allocable
to interest 6,527,378.94
Recoveries 37,522.69
Purchase Amount allocable to Interest 0.00
-------------------
Total Interest Collections 6,564,901.63
Advances for the related Distribution Date 1,285,866.60
Less: Outstanding Advances to be reimbursed 899,331.99
-------------------
Total Available Interest 6,951,436.24
Available Principal
Collections and Liquidation Proceeds allocable
to Principal 33,253,247.52
Purchase Amount allocable to Principal 0.00
-------------------
Total Available Principal 33,253,247.52
Deposit to Certificate Account
Available Interest 6,951,436.24
Available Principal 33,253,247.52
Withdrawal from Reserve Account 0.00
Less: Basic Servicing Fee to be withheld from
Collections 664,506.16
-------------------
Net Deposit to Certificate Account 39,540,177.60
Class A Interest Distribution
Class A Monthly Interest 3,770,740.19
Class A Interest Carryover Shortfall 0.00
-------------------
Total 3,770,740.19
Class B Interest Distribution
Class B Monthly Interest 119,611.11
Class B Interest Carryover Shortfall 0.00
-------------------
Total 119,611.11
Class A Principal Distribution
Class A Monthly Principal 33,042,025.95
Class A Principal Carryover Shortfall from the
preceding Distribution Date 0.00
-------------------
Total 33,042,025.95
Class B Principal Distribution
Class B Monthly Principal 1,021,918.33
Class B Principal Carryover Shortfall from the preceding
Distribution Date 0.00
-------------------
Total 1,021,918.33
Basic Servicing Fee (inc. unpaid amount from prior periods) 664,506.16
Distributions to the extent of Available Interest and Available Reserve Amount
(and Class B Percentage of Available Principal with respect to Class A
Interest Distribution)
Unpaid Basic Servicing Fee to Servicer 664,506.16
Class A Interest Distribution to Class A Distribution
Account 3,770,740.19
Class B Interest Distribution to Class B Distribution
Account 119,611.11
Distributions of Available Principal, Remaining Available Interest
and Remaining Available Reserve Amount
Class A Principal Distribution to Class A
Distribution Account 33,042,025.95
Class B Principal Distribution to Class B
Distribution Account 1,021,918.33
To Reserve Account up to Specified Reserve
Account Balance 0.00
Any Remaining Amounts to Sellers 1,585,882.02
Specified Reserve Account Balance
Greater of:
(a) Reserve percentage applicable 4.00%
Pool Balance on last day of Collection Period
times reserve percentage applicable 30,533,737.80
(b) Lesser of: Deposit from Available Interest and
Available Principal
(i) floor amount stated or 13,335,210.08
(ii) Pool Balance on last day of
Collection Period plus interest
through Scheduled Distribution Date 1,074,129,965.83
Specified Reserve Account Balance 30,533,737.80
Reserve Account
Beginning Balance 31,896,295.57
Deposit from Available Interest and Available
Principal 0.00
Investment Earnings 135,765.03
Less: Withdrawal from Reserve Account and deposit
to Certificate Account to cover:
Accrued and unpaid Basic Servicing Fees 0.00
Amounts to be distributed to
Certificateholders' 0.00
Reimb. to Servicer for Outstanding
Advances associated with
Defaulted Accounts 49,892.77
Less: Withdrawal by Sellers of Excess of Reserve
Account Balance Over Specified Reserve
Account Balance 1,312,665.00
Less: Withdrawal of Investment Earnings by Servicer 135,765.03
-------------------
Ending Balance 30,533,737.80
===================
Available Reserve Account Balance 30,533,737.80
Realized Losses 810,696.76
Net Loss Ratio (annualized)
For the current Collection Period 1.19%
For the preceding Collection Period 1.14%
For the second preceding Collection Period 1.02%
Average Net Loss Ratio (Specified Reserve Account Balance
increases if greater than 1.50%) 1.12%
Delinquency Analysis
Number of Loans
30 to 59 days past due 1,288
60 to 89 days past due 232
90 or more days past due 188
-------------------
Total 1,708
Principal Balance
30 to 59 days past due 13,993,720.48
60 to 89 days past due 2,727,753.95
90 or more days past due 2,244,771.35
-------------------
Total 18,966,245.78
Delinquency Ratio
For the current Collection Period 0.65%
For the preceding Collection Period 0.57%
For the second preceding Collection Period 0.54%
Average Delinquency Ratio (Specified Reserve Account Balance
increases if greater than 1.25%) 0.59%
Collateral Repossessed and Held by the Trust
Number 157
Principal Balance 1,884,617.46
Weighted Average Computations
Weighted Average Coupon 10.49260%
Weighted Average Original Term 59.12
Weighted Average Remaining Term 40.8
</TABLE>
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