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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): March 16, 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: March 27, 1998 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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Collection Period Feb-98
Determination Date 3/9/98
Deposit Date 3/13/98
Distribution Date 3/16/98
Pool Balance on the close of the last day of the preceding
Collection Period 264,428,845.57
Less: Principal Collections 15,500,074.01
Purchase Amount allocable to Principal 0.00
Realized Losses 547,735.15
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Pool Balance on the close of the last day of the Collection
Period 248,381,036.41
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Original Pool Balance 1,066,816,806.33
Pool Factor 23.28245%
Class A Certificate Balance
Beginning Class A Certificate Balance 256,495,980.21
Class A Principal Distribution to Class A Distribution
Account 15,566,374.89
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Ending Class A Certificate Balance 240,929,605.32
Original Class A Certificate Balance 1,034,812,302.14
Class A Pool Factor 23.28245%
Class B Certificate Balance
Beginning Class B Certificate Balance 7,932,865.36
Class B Principal Distribution to Class B Distribution
Account 481,434.27
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Ending Class B Certificate Balance 7,451,431.09
Original Class B Certificate Balance 32,004,504.19
Class B Pool Factor 23.28245%
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 2,213,623.84
Recoveries 118,032.63
Purchase Amount allocable to Interest 0.00
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Total Interest Collections 2,331,656.47
Advances for the related Distribution Date 460,134.50
Less: Outstanding Advances to be reimbursed 349,732.34
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Total Available Interest 2,442,058.63
Available Principal
Collections and Liquidation Proceeds allocable to Principal 15,500,074.01
Purchase Amount allocable to Principal 0.00
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Total Available Principal 15,500,074.01
Deposit to Certificate Account
Available Interest 2,442,058.63
Available Principal 15,500,074.01
Withdrawal from Reserve Account 0.00
Less: Basic Servicing Fee to be withheld from Collections 220,357.37
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Net Deposit to Certificate Account 17,721,775.27
Class A Interest Distribution
Class A Monthly Interest 1,250,417.90
Class A Interest Carryover Shortfall 0.00
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Total 1,250,417.90
Class B Interest Distribution
Class B Monthly Interest 39,664.33
Class B Interest Carryover Shortfall 0.00
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Total 39,664.33
Class A Principal Distribution
Class A Monthly Principal 15,566,374.89
Class A Principal Carryover Shortfall from the preceding
Distribution Date 0.00
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Total 15,566,374.89
Class B Principal Distribution
Class B Monthly Principal 481,434.27
Class B Principal Carryover Shortfall from the preceding
Distribution Date 0.00
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Total 481,434.27
Basic Servicing Fee (inc. unpaid amount from prior periods) 220,357.37
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 220,357.37
Class A Interest Distribution to Class A Distribution
Account 1,250,417.90
Class B Interest Distribution to Class B Distribution
Account 39,664.33
Distributions of Available Principal, Remaining Available
Interest and Remaining Available Reserve Amount
Class A Principal Distribution to Class A Distribution
Account 15,566,374.89
Class B Principal Distribution to Class B Distribution
Account 481,434.27
To Reserve Account up to Specified Reserve Account Balance 27,598.58
Any Remaining Amounts to Sellers 356,285.30
Specified Reserve Account Balance 13,335,210.08
Greater of:
(a) Reserve percentage applicable 5.00%
Pool Balance on last day of Collection Period
times reserve percentage applicable 12,419,051.82
(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 321,099,964.14
Specified Reserve Account Balance 13,335,210.08
Reserve Account
Beginning Balance 13,335,210.08
Deposit from Available Interest and Available Principal 27,598.58
Investment Earnings 53,096.64
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 27,598.58
Less: Withdrawal by Sellers of Excess of Reserve Account
Balance Over Specified Reserve Account Balance 0.00
Less: Withdrawal of Investment Earnings by Servicer 53,096.64
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Ending Balance 13,335,210.08
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Available Reserve Account Balance 13,335,210.08
Realized Losses 547,735.15
Net Loss Ratio (annualized)
For the current Collection Period 2.01%
For the preceding Collection Period 2.95%
For the second preceding Collection Period 1.74%
Average Net Loss Ratio (Specified Reserve Account Balance
increases if greater than 1.50%) 2.23%
Delinquency Analysis
Number of Loans
30 to 59 days past due 1,033
60 to 89 days past due 217
90 or more days past due 249
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Total 1,499
Principal Balance
30 to 59 days past due 7,676,157.52
60 to 89 days past due 1,608,374.59
90 or more days past due 2,036,119.26
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Total 11,320,651.37
Delinquency Ratio
For the current Collection Period 1.47%
For the preceding Collection Period 1.58%
For the second preceding Collection Period 1.55%
Average Delinquency Ratio (Specified Reserve Account Balance
increases if greater than 1.25%) 1.53%
Collateral Repossessed and Held by the Trust
Number 167
Principal Balance 1,336,634.84
Weighted Average Computations
Weighted Average Coupon 10.60040%
Weighted Average Original Term 61.23
Weighted Average Remaining Term 26.15
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