Exhibit 99.2
Reconciliation between originally filed
and revised filings of the investor reports for
Banc One Auto Grantor Trust 1996-B
-------------------------------------------------------------------------
REVISED ORIGINAL
NOV 96 NOV 96 VARIANCE
-------------------------------------------------------------------------
COLLECTIONS
-----------
INTEREST PAYMENTS RECEIVED 2,286,969.61 2,285,685.65 1,283.96 (3)
LIQUIDATION PROCEEDS - INTEREST (2) 212.75 0.00 212.75
RECOVERIES FROM PRIOR MONTHS (2) 294,742.30 179,344.25 115,398.05 (5)
---------- -------- ----------
TOTAL INTEREST RECEIVED 2,581,924.66 2,465,029.90 116,894.76
PRINCIPAL PAYMENTS RECEIVED 10,579,265.56 10,497,606.84 81,658.72 (3)
REPURCHASED LOAN PROCEEDS 0.00 0.00 0.00
LIQUIDATION PROCEEDS - PRINCIPAL 46,348.54 213,965.93 (167,617.39) (4)
--------- ---------- ------------
TOTAL PRINCIPAL RECEIVED 10,625,614.10 10,711,572.77 (85,958.67)
TOTAL COLLECTIONS 13,207,538.76 13,176,602.67 30,936.09
DISTRIBUTABLE AMOUNTS (1)
---------------------
SERVICING FEE AT 1.00% 198,567.94 198,444.55 123.39
CLASS A COUPON INTEREST AT 6.55% 1,248,594.10 1,247,818.22 775.88
CLASS B COUPON INTEREST AT 6.70% 53,217.35 53,184.28 33.07
--------- --------- -----
TOTAL COUPON INTEREST 1,301,811.45 1,301,002.50 808.95
COUPON INTEREST AND SERVICING 1,500,379.39 1,499,447.05 932.34
TOTAL PRINCIPAL RECEIVED 10,625,614.10 10,711,572.77 (85,958.67)
REALIZED LOSS 649,520.66 481,903.27 167,617.39 (4)
---------- -------- ----------
(GROSS-LIQUIDATION)
TOTAL PRINCIPAL 11,275,134.76 11,193,476.04 81,658.72
TOTAL COUPON INTEREST 1,301,811.45 1,301,002.50 808.95
TOTAL SERVICING FEE 198,567.94 198,444.55 123.39
---------- ---------- ------
INTEREST, PRINCIPAL & SERVICE FEE 12,775,514.15 12,692,923.09 82,591.06
RESERVE FUND
------------
INTEREST COLLECTED 2,581,924.66 2,465,029.90 116,894.76
COUPON INTEREST (1,301,811.45) (1,301,002.50) (808.95)
SERVICING FEE (198,567.94) (198,444.55) (123.39)
REALIZED LOSS (GROSS-LIQUIDATION) (649,520.66) (481,903.27) (167,617.39)
------------ ------------ ------------
EXCESS CASH TO RESERVE FUND 432,024.61 483,679.58 (51,654.97)
RESERVE FUND BEGINNING BALANCE 7,739,337.49 7,744,149.69 (4,812.20)
RESERVE ACCOUNT RELEASE TO SELLER 798,466.50 847,467.55 (49,001.05)
---------- ---------- -----------
RESERVE FUND ENDING BALANCE (1) 7,372,895.60 7,380,361.72 (7,466.12)
WIRE TO TRUSTEE
---------------
TOTAL COLLECTIONS 13,207,538.76 13,176,602.67 30,936.09
SERVICING FEE (198,567.94) (198,444.55) (123.39)
------------ ------------ --------
OVER/(UNDER) WIRED 13,008,970.82 12,978,158.12 (30,812.70)
============= ============= ===========
OTHER REPORTED BALANCES
-----------------------
RESERVE FUND INVESTMENT INCOME (7) 31,841.69 34,116.00 (2,274.31) (6)
========= ========= =========
FOOTNOTES:
- ----------
(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) Realized Losses were originally understated by the amount approximately
equal to the liquidation proceeds previously overstated..
(5) Monthly variances unexplainable; however, the total differences between
recoveries and liquidation proceeds on page 6 indicates double counting in
the original amounts reported.
(6) Variance due to clerical error: original used 28 days in calculation; should
have been 26 days.
(7) Investment income reported as actual amounts earned, no adjustments were
made for the incorrect reserve fund balance.