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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1998
Commission file number 33-97436
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NationsBank, N.A. (as Servicer and on behalf of
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NationsBank Auto Grantor Trust 1995-A)
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(Exact name of registrant as specified in its charter)
United States of America 57-0236115
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(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
Interstate Tower, 121 W. Trade Street, Charlotte, North Carolina 28255
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (704) 386-5000
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act: None.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) 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 [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
State the aggregate market value of the voting stock held by non-affiliates of
the registrant. None.
Indicate the number of shares outstanding of the registrant's classes of common
stock, as of the latest practicable date. None.
Documents Incorporated by Reference. None.
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PART I
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Item 1. Business
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Not applicable.
Item 2. Properties
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Not applicable.
Item 3. Legal Proceedings
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There are no material pending legal proceedings with respect to
NationsBank Auto Grantor Trust 1995-A (the "Trust") involving
the Trust, The Chase Manhattan Bank, as Trustee, or NationsBank,
N.A., as Servicer, other than ordinary routine litigation
incidental to the Trust assets or the Trustee's or the
Servicer's duties under the applicable Pooling and Servicing
Agreement.
Item 4. Submission of Matters to a Vote of Security Holders
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None.
PART II
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Item 5. Market for the Registrant's Common Equity and Related Stockholder
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Matters
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(a) Market Information. There is no established public trading market
for the Certificates.
(b) Holders. Since each of the Certificates was issued in book entry
form only, there is only one holder of record of each Series of
Certificates. See Item 12 below.
(c) Dividends. Not applicable.
Item 6. Selected Financial Data
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Not applicable.
Item 7. Management's Discussion and Analysis of Financial Condition and
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Results of Operations
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Not applicable.
Item 8. Financial Statements and Supplementary Data
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Not applicable.
Item 9. Changes in and Disagreements with Accountants on Accounting and
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Financial Disclosure
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None.
PART III
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Item 10. Directors and Executive Officers of the Registrant
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Not applicable.
Item 11. Executive Compensation
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Not applicable.
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Item 12. Security Ownership of Certain Beneficial Owners and Management
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The Certificates are represented by one or more certificates
registered in the name of Cede & Co., the nominee of The Depository
Trust Company ("DTC"). An investor holding an interest in the Trust
is not entitled to receive a certificate representing such interest
except in limited circumstances. Accordingly, Cede & Co. is the sole
holder of record of the Certificates, which it holds on behalf of
brokers, dealers, banks, and other participants in the DTC system.
Such participants may hold certificates for their own accounts or for
the accounts of their customers. The address of Cede & Co. is:
Cede & Co.
c/o The Depository Trust Company
Attention: Proxy Department
Seven Hanover Square
New York, New York 10004
Item 13. Certain Relationships and Related Transactions
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There has not been, and there is not currently proposed, any
transaction or series of transactions, to which either the Trust or
NationsBank, N.A., as Servicer, is a party with any Certificateholder
or any member of the immediate family of any such Certificateholder
who, to the knowledge of the Servicer, owns of record or beneficially
more than five percent of the Certificates.
PART IV
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Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
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(a) 1. Not applicable.
2. Not applicable.
3. Exhibits:
99.1 Annual Statement as to Compliance
99.2 Report of Independent Accountants
(b) Reports on Form 8-K.
As Servicer and on behalf of the NationsBank Auto Grantor Trust
1995-A, NationsBank, N.A. filed a Current Report on Form 8-K
pursuant to Items 5 and 7 for the following monthly distribution
dates during 1998, including the Servicer's Certificate for each
due period provided to The Chase Manhattan Bank, as Trustee.
Dates of Reports on Form 8-K
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January 15, 1998
February 17, 1998
March 16, 1998
April 15, 1998
May 15, 1998
June 15, 1998
July 15, 1998
August 17, 1998
September 15, 1998
October 15, 1998
November 16, 1998
December 15, 1998
(c) The exhibits filed as part of this report are listed in the Index
to Exhibits on page 5.
(d) Not applicable.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
NationsBank, N.A.,
as Servicer and on behalf of
NationsBank Auto Grantor Trust 1995-A
By: /s/ SUZANNE CASTLEBERRY
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Suzanne Castleberry
Vice President
(Duly Authorized Officer)
Date: March 31, 1999
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Exhibit 99.1
Annual Statement as to Compliance
NationsBank, N.A.
NationsBank Auto Grantor Trust 1995-A
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The undersigned, a duly authorized representative of NationsBank, N.A., as
Servicer pursuant to the Pooling and Servicing Agreement dated as of December 6,
1995 (the "Agreement"), between NationsBank, N.A and NationsBank of Texas, N.A.,
as Sellers and NationsBank, N.A., as Servicer, and The Chase Manhattan Bank, as
Trustee, does hereby certify that:
1. Capitalized terms used in this Officer's Certificate have their
respective meanings set forth in the Agreement.
2. NationsBank, N.A. is as of the date hereof the Servicer under the
Agreement.
3. The undersigned is duly authorized pursuant to the Agreement to execute
and deliver this Officer's Certificate to the Trustee.
4. The certificate is delivered pursuant to Section 3.10 of the Agreement.
5. A review of the activities of the Servicer during the calendar year ended
December 31, 1998, and of its performance under the Agreement was made
under my supervision.
6. Based on such review, to the best of my knowledge, the Servicer has fully
performed all its obligations under the Agreement throughout such
calendar year, and no event which, with the giving of notice or passage
of time or both, would constitute a default by the Servicer has occurred
or is continuing.
IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Servicer,
has duly executed this Officer's Certificate this 31st day of March, 1999.
By: /s/ SUZANNE CASTLEBERRY
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Suzanne Castleberry
Vice President
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Exhibit 99.2
page 1 of 2
REPORT OF INDEPENDENT ACCOUNTANTS
August 31, 1998
To the Board of Directors of NationsBank, N.A. and
The Chase Manhattan Bank
We have examined management's assertion about NationsBank, N.A.'s (the
"Company") compliance with sections 3.1(d), 3.2, 3.3, 3.5, 3.6, 3.7, 3.8, 3.9,
3.10, 3.11, 3.13, 3.14, 4.1(a)(ii-iii), 4.1(b)(i-iii), 4.2, 4.3, 4.4, 4.5(a-b),
4.7, and 9.1, except for references from such sections to a section (and
references therefrom) not specifically delineated herein, of the Pooling and
Servicing Agreement for the Auto Grantor Trust 1995-A dated December 6, 1995
(the "Agreement"), between the Company, as successor, and NationsBank of Texas,
N.A., as Sellers; the Company, as Servicer, and The Chase Manhattan Bank as
Trustee and Collateral Agent, during the period September 1, 1997 to August 31,
1998 included in the accompanying Report of Management on Compliance with
Pooling and Servicing Agreement. Management is responsible for the Company's
compliance with those requirements. Our responsibility is to express an opinion
on management's assertion about the Company's compliance based on our
examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the
Company's compliance with specified requirements.
In our opinion, management's assertion that the Company complied with the
aforementioned sections of the Agreement for the period referred to above is
fairly stated, in all material respects.
By: /s/ PriceWaterhouse Coopers LLP
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Exhibit 99.2
page 2 of 2
REPORT OF MANAGEMENT ON COMPLIANCE WITH
POOLING AND SERVICING AGREEMENT
NationsBank, N.A. (the "Company") has responsibility for the monthly and annual
reporting in compliance with the Pooling and Servicing Agreement (the
"Agreement") for the Auto Grantor Trust 1995-A (the "Trust") dated December 6,
1995 between the Company, as successor, and NationsBank of Texas, N.A., as
Sellers; the Company, as Servicer; and The Chase Manhattan Bank, as Trustee and
Collateral Agent. Management of the Company asserts that for the period of
September 1, 1997 to August 31, 1998, the Company was in compliance with
sections of the Agreement related to servicing of the Receivables held by the
Trust in all material respects.
/s/ RUTH S. QUEEN /s/ JOHN W. BROTHERS
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Ruth S. Queen John W. Brothers
Senior Vice President Senior Vice President
NationsBank, N.A. NationsBank, N.A.
/s/ SUZANNE CASTLEBERRY /s/ TOM C. BOWERS
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Suzanne W. Castleberry Tom C. Bowers
Vice President Senior Vice President
NationsBank, N.A. NationsBank, N.A.
/s/ WILLIAM K. KINYUA
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William K. Kinyua
Vice President
NationsBank, N.A.
August 31, 1998
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