Exhibit 99.2
Reconciliation between originally filed
and revised filings of the investor reports for
Banc One Auto Grantor Trust 1996-B
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REVISED ORIGINAL
JANUARY 97 JANUARY 97 VARIANCE
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COLLECTIONS
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INTEREST PAYMENTS RECEIVED 2,433,746.44 2,430,482.41 3,264.03 (3)
LIQUIDATION PROCEEDS - INTEREST (2) 0.00 0.00 0.00
RECOVERIES FROM PRIOR MONTHS (2) 365,134.91 95,552.07 269,582.84 (4)
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TOTAL INTEREST RECEIVED 2,798,881.35 2,526,034.48 272,846.87
PRINCIPAL PAYMENTS RECEIVED 10,064,062.30 10,053,086.07 10,976.23 (3)
REPURCHASED LOAN PROCEEDS 0.00 0.00 0.00
LIQUIDATION PROCEEDS - PRINCIPAL 34,785.34 108,929.57 (74,144.23) (4)
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TOTAL PRINCIPAL RECEIVED 10,098,847.64 10,162,015.64 (63,168.00)
TOTAL COLLECTIONS 12,897,728.99 12,688,050.12 209,678.87
DISTRIBUTABLE AMOUNTS (1)
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SERVICING FEE AT 1.00% 180,276.99 180,230.45 46.54
CLASS A COUPON INTEREST AT 6.55% 1,133,580.67 1,133,288.08 292.59
CLASS B COUPON INTEREST AT 6.70% 48,315.27 48,302.80 12.47
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TOTAL COUPON INTEREST 1,181,895.94 1,181,590.88 305.06
COUPON INTEREST AND SERVICING 1,362,172.93 1,361,821.33 351.60
TOTAL PRINCIPAL RECEIVED 10,098,847.64 10,162,015.64 (63,168.00)
REALIZED LOSS (GROSS-LIQUIDATION) 634,965.06 249,307.60 385,657.46 (5)
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TOTAL PRINCIPAL 10,733,812.70 10,411,323.24 322,489.46
TOTAL COUPON INTEREST 1,181,895.94 1,181,590.88 305.06
TOTAL SERVICING FEE 180,276.99 180,230.45 46.54
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INTEREST, PRINCIPAL & SERVICE FEE 12,095,985.63 11,773,144.57 322,841.06
RESERVE FUND
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INTEREST COLLECTED 2,798,881.35 2,526,034.48 272,846.87
COUPON INTEREST (1,181,895.94) (1,181,590.88) (305.06)
SERVICING FEE (180,276.99) (180,230.45) (46.54)
REALIZED LOSS (GROSS-LIQUIDATION) (634,965.06) (249,307.60) (385,657.46)
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EXCESS CASH TO RESERVE FUND 801,743.36 914,905.55 (113,162.19)
RESERVE FUND BEGINNING BALANCE 7,660,522.23 7,028,987.72 631,534.51
RESERVE ACCOUNT RELEASE TO SELLER 0.00 1,253,273.55 (1,253,273.55)
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RESERVE FUND ENDING BALANCE (1) 8,462,265.59 6,690,619.72 1,771,645.87
WIRE TO TRUSTEE
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TOTAL COLLECTIONS 12,897,728.99 12,688,050.12 209,678.87
SERVICING FEE (180,276.99) (180,230.45) (46.54)
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OVER/(UNDER) WIRED 12,717,452.00 12,507,819.67 (209,632.33)
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OTHER REPORTED BALANCES
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RESERVE FUND INVESTMENT INCOME (6) 31,181.67 31,181.67 0.00
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FOOTNOTES:
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(1) Monthly variances due to the differences with outstanding receivable
balances.
(2) Interest collections on liquidation proceeds and recoveries were not
previously reported.
(3) Principal and interest payments on loans erroneously transferred out of the
securitized pool.
(4) Monthly variances unexplainable; however, the total differences between
recoveries and liquidation proceeds on page 6 indicates double counting in
the original amounts reported.
(5) Variance due to understating of recoveries and the reduction of gross losses
for liquidation proceeds, thus double counting liquidation proceeds in the
realized loss calculation.
(6) Investment income reported as actual amounts earned, no adjustments were
made for the incorrect reserve fund balance.