Reconciliation between originally filed
and revised filings of the investor reports for
Banc One Auto Grantor Trust 1996-B
EXHIBIT 99.2
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REVISED ORIGINAL
AUGUST 96 AUGUST 96 VARIANCE
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COLLECTIONS
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INTEREST PAYMENTS RECEIVED 2,785,971.73 2,785,377.72 594.01 (4)
LIQUIDATION PROCEEDS - INTEREST (2) 295.45 0.00 295.45
RECOVERIES FROM PRIOR MONTHS (2) 219,023.47 147,589.44 71,434.03 (3)
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TOTAL INTEREST RECEIVED 3,005,290.65 2,932,967.16 72,323.49
PRINCIPAL PAYMENTS RECEIVED 12,727,103.55 12,726,135.52 968.03 (4)
REPURCHASED LOAN PROCEEDS 0.00 0.00 0.00
LIQUIDATION PROCEEDS - PRINCIPAL 75,305.10 226,841.99 (151,536.89) (3)
--------- ---------- ------------
TOTAL PRINCIPAL RECEIVED 12,802,408.65 12,952,977.51 (150,568.86)
TOTAL COLLECTIONS 15,807,699.30 15,885,944.67 (78,245.37)
DISTRIBUTABLE AMOUNTS (1)
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SERVICING FEE AT 1.00% 231,037.27 230,936.24 101.03
CLASS A COUPON INTEREST AT 6.55% 1,452,761.07 1,452,125.78 635.29
CLASS B COUPON INTEREST AT 6.70% 61,919.32 61,892.24 27.08
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TOTAL COUPON INTEREST 1,514,680.39 1,514,018.02 662.37
COUPON INTEREST AND SERVICING 1,745,717.66 1,744,954.26 763.40
TOTAL PRINCIPAL RECEIVED 12,802,408.65 12,952,977.51 (150,568.86)
REALIZED LOSS (GROSS-LIQUIDATION) 513,368.84 378,054.37 135,314.47 (3)
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TOTAL PRINCIPAL 13,315,777.49 13,331,031.88 (15,254.39)
TOTAL COUPON INTEREST 1,514,680.39 1,514,018.02 662.37
TOTAL SERVICING FEE 231,037.27 230,936.24 101.03
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INTEREST, PRINCIPAL & SERVICE FEE 15,061,495.15 15,075,986.14 (14,490.99)
RESERVE FUND
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INTEREST COLLECTED 3,005,290.65 2,932,967.16 72,323.49
COUPON INTEREST (1,514,680.39) (1,514,018.02) (662.37)
SERVICING FEE (231,037.27) (230,936.24) (101.03)
REALIZED LOSS (GROSS-LIQUIDATION) (513,368.84) (378,054.37) (135,314.47)
------------ ------------ ------------
EXCESS CASH TO RESERVE FUND 746,204.15 809,958.53 (63,754.38)
RESERVE FUND BEGINNING BALANCE 6,805,563.56 7,046,707.77 (241,144.21)
RESERVE ACCOUNT RELEASE TO SELLER 0.00 0.00 0.00
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RESERVE FUND ENDING BALANCE (1) 7,551,767.71 7,856,666.30 (304,898.59)
WIRE TO TRUSTEE
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TOTAL COLLECTIONS 15,807,699.30 15,885,944.67 (78,245.37)
SERVICING FEE (231,037.27) (230,936.24) (101.03)
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OVER/(UNDER) WIRED 15,576,662.03 15,655,008.43 78,346.40
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OTHER REPORTED BALANCES
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RESERVE FUND INVESTMENT INCOME (5) 29,982.58 29,982.58 0.00
========= ========= ====
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) Realized losses understated by the approximate net amount of recoveries and
liquidation proceeds. (In the original August 1996 report, $33,000 of
recoveries and $22,000 of charge-offs were excluded from the original
report.)
(4) Principal and interest payments on loans erroneously transferred out of the
securitized pool.
(5) Investment income reported as actual amounts earned, no adjustments were
made for the incorrect reserve fund balance.