UNITED STATES
                       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 (Date of earliest event reported):  December 27, 1999

                      PROVIDENT BANK HOME EQUITY LOAN TRUST
            Home Equity Loan Asset-Backed Certs., Series 1999-3 Trust


New York (governing law of          333-02038      Pending
Pooling and Servicing Agreement)    (Commission    IRS EIN
(State or other                     File Number)
jurisdiction


        c/o Norwest Bank Minnesota, N.A.
        11000 Broken Land Parkway                            21044
        Columbia, MD                                        (Zip Code)
        (Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000



          Former name or former address, if changed since last report)


ITEM 5.  Other Events

On December 27, 1999 a distribution was made to holders of PROVIDENT BANK
HOME EQUITY LOAN TRUST, Home Equity Loan Asset-Backed Certs., Series 1999-3
Trust.



  ITEM 7.  Financial Statements and Exhibits

        (c)  Exhibits furnished in accordance with Item 601(a) of
  Regulation S-K

             Exhibit Number                      Description
                                 Monthly report distributed to holders of
             EX-99.1             Home Equity Loan Asset-Backed Certs.,
                                 Series 1999-3 Trust, relating to the
                                 December 27, 1999 distribution.






Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                       PROVIDENT BANK HOME EQUITY LOAN TRUST
             Home Equity Loan Asset-Backed Certs., Series 1999-3 Trust

              By:   Norwest Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri Sharps, Vice President
              By:   Sherri Sharps, Vice President
              Date: 1/6/00


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Home Equity Loan
               Asset-Backed Certs., Series 1999-3 Trust, relating to the
               December 27, 1999 distribution.