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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): October 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
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(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
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Item 5. Other Events
------------
The Registrant hereby incorporates by reference the information
contained in Exhibit 99 hereto in response to this Item 5.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
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(c) Exhibits
99 Monthly Servicers Certificate for NationsBank, N.A.
Class A & B, NationsBank Auto Trust 1995-A
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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: October 16, 1996 By: /s/Leslie J. Fitzpatrick
-------------------------
Name: Leslie J. Fitzpatrick
Title: Senior Vice President
(Duly Authorized Officer)
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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
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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.
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Collection Period Sep-96
Determination Date 10/7/96
Deposit Date 10/11/96
Distribution Date 10/15/96
Pool Balance on the close of the last day of the preceding
<S> <C>
Collection Period 690,376,150.94
Less: Principal Collections 31,118,330.40
Purchase Amount allocable to Principal 0.00
Realized Losses 994,984.70
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Pool Balance on the close of the last day of the
Collection Period 658,262,835.84
===============
Original Pool Balance 1,066,816,806.33
Pool Factor 61.70346%
Class A Certificate Balance
Beginning Class A Certificate Balance 669,664,866.41
Class A Principal Distribution to Class A Distribution
Account 31,149,915.65
-----------------
Ending Class A Certificate Balance 638,514,950.76
Original Class A Certificate Balance 1,034,812,302.14
Class A Pool Factor 61.70346%
Class B Certificate Balance
Beginning Class B Certificate Balance 20,711,284.53
Class B Principal Distribution to Class B Distribution
Account 963,399.45
-----------------
Ending Class B Certificate Balance 19,747,885.08
Original Class B Certificate Balance 32,004,504.19
Class B Pool Factor 61.70346%
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 5,997,633.96
Recoveries 100,198.59
Purchase Amount allocable to Interest 0.00
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Total Interest Collections 6,097,832.55
Advances for the related Distribution Date 980,426.27
Less: Outstanding Advances to be reimbursed 960,708.64
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Total Available Interest 6,117,550.18
Available Principal
Collections and Liquidation Proceeds allocable to Principal 31,118,330.40
Purchase Amount allocable to Principal 0.00
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Total Available Principal 31,118,330.40
Deposit to Certificate Account
Available Interest 6,117,550.18
Available Principal 31,118,330.40
Withdrawal from Reserve Account 0.00
Less: Basic Servicing Fee to be withheld from Collections 575,313.46
---------------
Net Deposit to Certificate Account 36,660,567.12
Class A Interest Distribution
Class A Monthly Interest 3,264,616.22
Class A Interest Carryover Shortfall 0.00
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Total 3,264,616.22
Class B Interest Distribution
Class B Monthly Interest 103,556.42
Class B Interest Carryover Shortfall 0.00
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Total 103,556.42
Class A Principal Distribution
Class A Monthly Principal 31,149,915.65
Class A Principal Carryover Shortfall from the preceding
Distribution Date 0.00
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Total 31,149,915.65
Class B Principal Distribution
Class B Monthly Principal 963,399.45
Class B Principal Carryover Shortfall from the preceding
Distribution Date 0.00
Total 963,399.45
Basic Servicing Fee (inc. unpaid amount from prior periods) 575,313.46
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 575,313.46
Class A Interest Distribution to Class A Distribution
Account 3,264,616.22
Class B Interest Distribution to Class B Distribution
Account 103,556.42
Distributions of Available Principal, Remaining Available Interest
and Remaining Available Reserve Amount
Class A Principal Distribution to Class A Distribution
Account 31,149,915.65
Class B Principal Distribution to Class B Distribution
Account 963,399.45
To Reserve Account up to Specified Reserve Account Balance 0.00
Any Remaining Amounts to Sellers 1,179,079.38
Specified Reserve Account Balance
Greater of:
(a) Reserve percentage applicable 4.00%
Pool Balance on last day of Collection Period times
reserve percentage applicable 26,330,513.43
(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 915,017,740.97
Specified Reserve Account Balance 26,330,513.43
Reserve Account
Beginning Balance 27,615,046.04
Deposit from Available Interest and Available Principal 0.00
Investment Earnings 113,497.10
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 57,589.98
Less: Withdrawal by Sellers of Excess of Reserve Account
Balance Over Specified Reserve Account Balance 1,226,942.63
Less: Withdrawal of Investment Earnings by Servicer 113,497.10
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Ending Balance 26,330,513.43
==============
Available Reserve Account Balance 26,330,513.43
Realized Losses 994,984.70
Net Loss Ratio (annualized)
For the current Collection Period 1.59%
For the preceding Collection Period 1.45%
For the second preceding Collection Period 0.98%
Average Net Loss Ratio (Specified Reserve Account Balance
increases if greater than 1.50%) 1.34%
Delinquency Analysis
Number of Loans
30 to 59 days past due 1,368
60 to 89 days past due 262
90 or more days past due 277
---------
Total 1,907
Principal Balance
30 to 59 days past due 14,107,303.94
60 to 89 days past due 2,905,066.10
90 or more days past due 3,112,027.23
---------------
Total 20,124,397.27
Delinquency Ratio
For the current Collection Period 0.91%
For the preceding Collection Period 0.84%
For the second preceding Collection Period 0.79%
Average Delinquency Ratio (Specified Reserve Account Balance
increases if greater than 1.25%) 0.85%
Collateral Repossessed and Held by the Trust
Number 214
Principal Balance 2,465,286.19
Weighted Average Computations
Weighted Average Coupon 10.50370%
Weighted Average Original Term 59.37
Weighted Average Remaining Term 38.55
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