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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): January 15, 1998
NATIONSBANK, N.A.
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(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)
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Registrant's telephone number including area code: (704) 386-5000
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Item 5. Other Events
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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 Servicer's 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 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.
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(Registrant)
(As Servicer on Behalf of NationsBank Auto Grantor Trust 1995-A)
Dated: ____________________ By: \s\ Leslie J. Fitzpatrick
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Name: Leslie J. Fitzpatrick
Title: Senior Vice President
(Duly Authorized Officer)
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INDEX TO EXHIBITS
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Exhibit
Number Exhibit
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99 Monthly Servicer's Certificate for NationsBank, N.A.
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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<S> <C>
Collection Period Dec-97
Determination Date 1/8/98
Deposit Date 1/14/98
Distribution Date 1/15/98
Pool Balance on the close of the last day of the preceding
Collection Period 299,949,683.19
Less: Principal Collections 17,738,976.67
Purchase Amount allocable to Principal 0.00
Realized Losses 525,983.84
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Pool Balance on the close of the last day of the Collection
Period 281,684,722.68
=================
Original Pool Balance 1,066,816,806.33
Pool Factor 26.40423%
Class A Certificate Balance
Beginning Class A Certificate Balance 290,951,192.70
Class A Principal Distribution to Class A Distribution
Account 17,717,011.69
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Ending Class A Certificate Balance 273,234,181.01
Original Class A Certificate Balance 1,034,812,302.14
Class A Pool Factor 26.40423%
Class B Certificate Balance
Beginning Class B Certificate Balance 8,998,490.49
Class B Principal Distribution to Class B Distribution
Account 547,948.82
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Ending Class B Certificate Balance 8,450,541.67
Original Class B Certificate Balance 32,004,504.19
Class B Pool Factor 26.40423%
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 2,674,137.99
Recoveries 104,077.24
Purchase Amount allocable to Interest 0.00
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Total Interest Collections 2,778,215.23
Advances for the related Distribution Date 458,172.87
Less: Outstanding Advances to be reimbursed 501,637.55
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Total Available Interest 2,734,750.55
Available Principal
Collections and Liquidation Proceeds allocable to Principal 17,738,976.67
Purchase Amount allocable to Principal 0.00
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Total Available Principal 17,738,976.67
Deposit to Certificate Account
Available Interest 2,734,750.55
Available Principal 17,738,976.67
Withdrawal from Reserve Account 0.00
Less: Basic Servicing Fee to be withheld from Collections 249,958.07
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Net Deposit to Certificate Account 20,223,769.15
Class A Interest Distribution
Class A Monthly Interest 1,418,387.06
Class A Interest Carryover Shortfall 0.00
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Total 1,418,387.06
Class B Interest Distribution
Class B Monthly Interest 44,992.45
Class B Interest Carryover Shortfall 0.00
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Total 44,992.45
Class A Principal Distribution
Class A Monthly Principal 17,717,011.69
Class A Principal Carryover Shortfall from the preceding
Distribution Date 0.00
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Total 17,717,011.69
Class B Principal Distribution
Class B Monthly Principal 547,948.82
Class B Principal Carryover Shortfall from the preceding
Distribution Date 0.00
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Total 547,948.82
Basic Servicing Fee (inc. unpaid amount from prior periods) 249,958.07
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 249,958.07
Class A Interest Distribution to Class A Distribution
Account 1,418,387.06
Class B Interest Distribution to Class B Distribution
Account 44,992.45
Distributions of Available Principal, Remaining Available
Interest and Remaining Available Reserve Amount
Class A Principal Distribution to Class A Distribution
Account 17,717,011.69
Class B Principal Distribution to Class B Distribution
Account 547,948.82
To Reserve Account up to Specified Reserve Account Balance 0.00
Any Remaining Amounts to Sellers 495,429.13
Specified Reserve Account Balance
Greater of:
(a) Reserve percentage applicable 5.00%
Pool Balance on last day of Collection Period times
reserve percentage applicable 14,084,236.13
(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 367,327,956.69
Specified Reserve Account Balance 14,084,236.13
Reserve Account
Beginning Balance 14,997,484.16
Deposit from Available Interest and Available Principal 0.00
Investment Earnings 69,900.90
Less: Withdrawal from Reserve Account and deposit to C
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 24,104.86
Less: Withdrawal by Sellers of Excess of Reserve Account
Balance Over Specified Reserve Account Balance 889,143.17
Less: Withdrawal of Investment Earnings by Servicer 69,900.90
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Ending Balance 14,084,236.13
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Available Reserve Account Balance 14,084,236.13
Realized Losses 525,983.84
Net Loss Ratio (annualized)
For the current Collection Period 1.74%
For the preceding Collection Period 2.39%
For the second preceding Collection Period 2.06%
Average Net Loss Ratio (Specified Reserve Account Balance
increases if greater than 1.50%) 2.06%
Delinquency Analysis
Number of Loans
30 to 59 days past due 1,404
60 to 89 days past due 285
90 or more days past due 266
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Total 1,955
Principal Balance
30 to 59 days past due 10,833,774.71
60 to 89 days past due 2,140,475.92
90 or more days past due 2,237,138.55
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Total 15,211,389.18
Delinquency Ratio
For the current Collection Period 1.55%
For the preceding Collection Period 1.36%
For the second preceding Collection Period 1.29%
Average Delinquency Ratio (Specified Reserve Account Balance
increases if greater than 1.25%) 1.40%
Collateral Repossessed and Held by the Trust
Number 150
Principal Balance 1,269,093.07
Weighted Average Computations
Weighted Average Coupon 10.58720%
Weighted Average Original Term 60.96
Weighted Average Remaining Term 27.63
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