SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: November 15, 1999
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO OWNER TRUST 1997-B
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(Issuer)
Delaware 333-7575 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
Item 5. Other Events:
Chase Manhattan Auto Owner Trust is the issuer of five classes of Asset
Backed Notes and a single class of Asset Backed Certificates. The notes and
certificates are serviced in accordance with the Sale and Servicing Agreement,
dated as of June 1, 1997, as amended. The parties to the Sale and Servicing
Agreement are: Chase Manhattan Bank USA, National Association, as seller and as
servicer, and Chase Manhattan Owner Trust, as issuer.
On November 15, 1999, Chase USA, as servicer, distributed monthly interest
to the holders of the notes and certificates. Chase USA furnished a copy of the
statement to certificateholders for each of the series as required by the Sale
and Servicing Agreement. A copy of the monthly statement to certificateholders
is being filed as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Statement to Certificateholders with respect to
the November 15, 1999 distribution.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: November 30, 1999
By: THE CHASE MANHATTAN BANK, USA, NATIONAL
ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Statement to Certificateholders dated 11/15/1999
delivered pursuant to Section 5.8 of the Sale and
Servicing Agreement dated as of June 1, 1997.
Chase Manhattan Auto Owner Trust 1997-B
Statement to Certificateholders
November 15, 1999
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DISTRIBUTION IN DOLLARS
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ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
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A1 200,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 294,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 227,000,000.00 65,948,388.02 16,053,190.83 348,976.89 16,402,167.72 0.00 0.00 49,895,197.19
A4 133,000,000.00 133,000,000.00 0.00 720,416.67 720,416.67 0.00 0.00 133,000,000.00
A5 70,000,000.00 70,000,000.00 0.00 385,000.00 385,000.00 0.00 0.00 70,000,000.00
B1 29,148,275.79 29,148,275.79 0.00 163,959.05 163,959.05 0.00 0.00 29,148,275.79
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TOTALS 953,148,275.79 298,096,663.81 16,053,190.83 1,618,352.61 17,671,543.44 0.00 0.00 282,043,472.98
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
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A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.744000 %
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 6.100000 %
A3 290.52153313 70.71890233 1.53734313 72.25624546 219.80263079 A3 6.350000 %
A4 1,000.00000000 0.00000000 5.41666669 5.41666669 1,000.00000000 A4 6.500000 %
A5 1,000.00000000 0.00000000 5.50000000 5.50000000 1,000.00000000 A5 6.600000 %
B1 1,000.00000000 0.00000000 5.62499995 5.62499995 1,000.00000000 B1 6.750000 %
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TOTALS 312.74951797 16.84228072 1.69790226 18.54018298 295.90723725
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IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Mark McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: mark.mcdermott@chase.com
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1997-B
November 15, 1999
STATEMENT TO CERTIFICATEHOLDERS
Due Period 29
Due Period Beginning Date 10/01/99
Due Period End Date 10/31/99
Determination Date 11/10/99
Section 5.8(iii) Servicing Fee 248,413.89
Section 5.8(iii) Servicing Fee per $1000 0.26062460
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00104915
Section 5.8(vi) Pool Balance at the end of the Collection Period 282,043,472.98
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 21,325.78
TOTAL 21,325.78
Section 5.8(viii) Realized Net Losses for Collection Period 134,127.78
Section 5.8(ix) Reserve Account Balance after Disbursement 8,461,304.19
Section 5.8(x) Specified Reserve Account Balance 8,461,304.19
Section 5.8(xi) Total Distribution Amount 18,220,506.79
Servicing Fee 248,413.89
Administration Fee 1,000.00
Noteholders Distribution Amount 17,507,584.39
Certficateholders Distribution Amount 163,959.05
Deposit to Reserve Account 299,549.46
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION