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
JUNE 96 JUNE 96 VARIANCE
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COLLECTIONS
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INTEREST PAYMENTS RECEIVED 2,942,403.98 2,941,654.55 749.43 (4)
LIQUIDATION PROCEEDS - INTEREST (2) 0.00 0.00 0.00
RECOVERIES FROM PRIOR MONTHS (2) 0.00 0.00 0.00
---- ---- ----
TOTAL INTEREST RECEIVED 2,942,403.98 2,941,654.55 749.43
PRINCIPAL PAYMENTS RECEIVED 13,460,319.17 13,442,437.01 17,882.16 (4)
REPURCHASED LOAN PROCEEDS 0.00 221,153.25 (221,153.25) (3)
LIQUIDATION PROCEEDS - PRINCIPAL 19,877.50 42,077.50 (22,200.00)
--------- --------- -----------
TOTAL PRINCIPAL RECEIVED 13,480,196.67 13,705,667.76 (225,471.09)
TOTAL COLLECTIONS 16,422,600.65 16,647,322.31 (224,721.66)
DISTRIBUTABLE AMOUNTS (1)
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SERVICING FEE AT 1.00% 254,738.94 254,738.94 0.00
CLASS A COUPON INTEREST AT 6.55% 961,078.23 961,078.23 0.00
CLASS B COUPON INTEREST AT 6.70% 40,962.90 40,962.90 0.00
TOTAL COUPON INTEREST 1,002,041.13 1,002,041.13 0.00
COUPON INTEREST AND SERVICING 1,256,780.07 1,256,780.07 0.00
TOTAL PRINCIPAL RECEIVED 13,480,196.67 13,705,667.76 (225,471.09)
REALIZED LOSS (GROSS-LIQUIDATION) 393,763.82 273,160.24 120,603.58 (3)
---------- -------- ----------
TOTAL PRINCIPAL 13,873,960.49 13,978,828.00 (104,867.51)
TOTAL COUPON INTEREST 1,002,041.13 1,002,041.13 0.00
TOTAL SERVICING FEE 254,738.94 254,738.94 0.00
---------- ---------- ----
INTEREST, PRINCIPAL & SERVICE FEE 15,130,740.56 15,235,608.07 (104,867.51)
RESERVE FUND
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INTEREST COLLECTED 2,942,403.98 2,941,654.55 749.43
COUPON INTEREST (1,002,041.13) (1,002,041.13) 0.00
SERVICING FEE (254,738.94) (254,738.94) 0.00
REALIZED LOSS (GROSS-LIQUIDATION) (393,763.82) (273,160.24) (120,603.58)
------------ ------------ ------------
EXCESS CASH TO RESERVE FUND 1,291,860.09 1,411,714.24 (119,854.15)
RESERVE FUND BEGINNING BALANCE 4,585,300.97 4,585,300.97 0.00
RESERVE ACCOUNT RELEASE TO SELLER 0.00 0.00 0.00
---- ---- ----
RESERVE FUND ENDING BALANCE (1) 5,877,161.06 5,997,015.21 (119,854.15)
WIRE TO TRUSTEE
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TOTAL COLLECTIONS 16,422,600.65 16,647,322.31 (224,721.66)
SERVICING FEE (254,738.94) (254,738.94) 0.00
------------ ------------ ----
OVER/(UNDER) WIRED 16,167,861.71 16,392,583.37 224,721.66
============= ============= ==========
OTHER REPORTED BALANCES
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RESERVE FUND INVESTMENT INCOME (6) 10,243.02 0.00 10,243.02 (5)
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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) Loans reported as repurchased were not formally approved by the trustee to
be bought back. Actual amount should have been $113,384. Since these loans
were not approved by the trustee and charged off in June 1996, no
repurchases are recommended.
(4) Principal and interest payments on loans erroneously transferred out of the
securitized pool.
(5) Reserve fund income not reported in the first investor report.
(6) Investment income reported as actual amounts earned, no adjustments were
made for the incorrect reserve fund balance.