Exhibit 20.3 - -------------------------------------------------------------------------------- CHASE MANHATTAN AUTO OWNER TRUST SERIES 1997-B STATEMENT TO CERTIFICATEHOLDERS - -------------------------------------------------------------------------------- PERIOD 23 PAGE # 1 DETERMINATION: 10-May-99 Beginning 4/1/99 DISTRIBUTION: 17-May-99 Ending 4/30/99 TIME: 6/8/99 18:36 CLASS A-1 5.744% MONEY MARKET ASSET BACKED NOTES CLASS A-2 6.100% ASSET BACKED NOTES CLASS A-3 6.350% ASSET BACKED NOTES CLASS A-4 6.500% ASSET BACKED NOTES CLASS A-5 6.600% ASSET BACKED NOTES CLASS B-1 6.750% ASSET BACKED CERTIFICATES ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 Notes $200,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 A-2 Notes $294,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 A-3 Notes $227,000,000.00 $183,978,049.37 $21,735,381.64 $973,550.51 $22,708,932.15 $162,242,667.73 A-4 Notes $133,000,000.00 $133,000,000.00 $0.00 $720,416.67 $720,416.67 $133,000,000.00 A-5 Notes $70,000,000.00 $70,000,000.00 $0.00 $385,000.00 $385,000.00 $70,000,000.00 - ------------------------------------------------------------------------------------------------------------------------------------ NOTE TOTALS $924,000,000.00 $386,978,049.37 $21,735,381.64 $2,078,967.18 $23,814,348.82 $365,242,667.73 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ B-1 $29,148,275.79 $29,148,275.79 $0.00 $163,959.05 $163,959.05 $29,148,275.79 - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATE TOTALS $29,148,275.79 $29,148,275.79 $0.00 $163,959.05 $163,959.05 $29,148,275.79 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS $953,148,275.79 $416,126,325.16 $21,735,381.64 $2,242,926.23 $23,978,307.87 $394,390,943.52 - ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 PRINCIPAL INTEREST END PRINCIPAL CLASS DISTRIBUTION DISTRIBUTION BALANCE - -------------------------------------------------------------------------------- A-1 0.00000000 0.00000000 0.00000000 ------------------------------------------------------ A-2 0.00000000 0.00000000 0.00000000 ------------------------------------------------------ A-3 95.75057991 4.28876877 714.72540850 ------------------------------------------------------ A-4 0.00000000 5.41666669 1,000.00000000 ------------------------------------------------------ A-5 0.00000000 5.50000000 1,000.00000000 - -------------------------------------------------------------------------------- Notes Totals 23.52314030 2.24996448 395.28427244 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- B-1 0.00000000 5.62499995 1,000.00000000 - -------------------------------------------------------------------------------- Certificate Totals 0.00000000 5.62499995 1,000.00000000 - -------------------------------------------------------------------------------- TOTALS 22.80377796 2.35317661 413.77711479 - -------------------------------------------------------------------------------- IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW - -------------------------------------------------------------------------------- KIM COSTA THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-3247 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CHASE MANHATTAN AUTO OWNER TRUST SERIES 1997-B STATEMENT TO CERTIFICATEHOLDERS - -------------------------------------------------------------------------------- PERIOD 23 PAGE # 2 DETERMINATION: 10-May-99 Beginning 4/1/99 DISTRIBUTION: 17-May-99 Ending 4/30/99 TIME: 6/8/99 18:36 per $1000 --------- Section 5.8 (iii) Servicing Fee $346,771.94 0.36381741 Section 5.8 (iv) Administration Fee $1,000.00 0.00104915 Section 5.8 (vi) Pool Balance at the end of the Collection Period $394,390,943.52 Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable By Seller $0.00 By Servicer $123,901.80 TOTAL $123,901.80 Section 5.8 (viii) Realized Net Losses for Collection Period $259,805.64 Section 5.8 (ix) Reserve Account Balance after Disbursement $11,831,728.31 Section 5.8 (x) Specified Reserve Account Balance $11,831,728.31 Section 5.8 (xi) Total Distribution Amount $24,810,133.25 Servicing Fee $346,771.94 Administrative Fee $1,000.00 Noteholders' Distribution Amount $23,814,348.82 Certificateholders' Distribution Amount $163,959.05 Deposit to Reserve Account $484,053.44 Section 5.8 (xii) Noteholders' Distributable Amount ------------------------------------------------------------------------------------------------------------------- Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig) ------------------------------------------------------------------------------------------------------------------- A-1 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000 A-2 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000 A-3 $21,735,381.64 $973,550.51 $22,708,932.15 95.75057991 4.28876877 100.03934868 A-4 $0.00 $720,416.67 $720,416.67 0.00000000 5.41666669 5.41666669 A-5 $0.00 $385,000.00 $385,000.00 0.00000000 5.50000000 5.50000000 ------------------------------------------------------------------------------------------------------------------- Total $21,735,381.64 $2,078,967.18 $23,814,348.82 23.52314030 2.24996448 25.77310478 ------------------------------------------------------------------------------------------------------------------- Section 5.8 (xiii) Certificateholders' Distutable Amount ----------------------------------------------------------------------------------------------------------------- Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig) ----------------------------------------------------------------------------------------------------------------- B-1 $0.00 $163,959.05 $163,959.05 0.00000000 5.62499995 5.62499995 ----------------------------------------------------------------------------------------------------------------- Total $0.00 $163,959.05 $163,959.05 0.00000000 5.62499995 5.62499995 ----------------------------------------------------------------------------------------------------------------- Section 5.8 (xiv) Reserve Fund Transfer Amount $484,053.44 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - 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