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: January 16, 2001
CHASE MANHATTAN RV OWNER TRUST 1997-A
(Issuer of Securities)
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
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United States 333-32263 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
THE CHASE MANHATTAN BANK
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
New York 333-32236 13-4994650
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
270 Park Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
Item 5. Other Events:
Chase Manhattan RV Owner Trust 1997-A is the issuer of 10 classes of
Asset Backed Notes and one class of Asset Backed Certificates. The notes and
certificates are serviced in accordance with the Sale and Servicing Agreement,
dated as of October 1, 1997, as amended. The parties to the Sale and Servicing
Agreement are: Chase Manhattan Bank USA, National Association ("Chase USA"), as
a seller, The Chase Manhattan Bank ("Chase"), as seller, and The CIT Group/Sales
Financing, Inc., as servicer.
On January 16, 2001, CIT, as servicer, distributed monthly interest to
the holders of the notes and certificates. CIT furnished a copy of monthly
reports for each class of notes and certificates as required by the Sale and
Servicing Agreement. Copies of the monthly reports are being filed as Exhibit
20.1 to this Current Report on Form 8-K.
On December 31, 2000, J.P. Morgan & Co. Incorporated and The Chase
Manhattan Corporation completed their merger, with the surviving corporation
being named J.P. Morgan Chase & Co. ("J.P. Morgan Chase"). Chase, Chase USA and
Morgan Guaranty Trust Company of New York are subsidiaries of J.P. Morgan Chase.
During the fourth quarter of 2000, J.P. Morgan Chase implemented a
revised policy for consumer loan charge-offs to conform with a policy statement
adopted by the Federal Financial Institutions Examination Council ("FFIEC"). The
FFIEC policy, originally issued in February 1999, established uniform guidelines
for the charge-off of consumer loans to delinquent, bankrupt, deceased and
fraudulent borrowers. In connection with the implementation of this policy, J.P.
Morgan Chase took a $93 million charge-off for credit card, auto finance and
mortgage loans on a managed basis (i.e., including securitizations) in the
fourth quarter of 2000. Chase and Chase USA do not believe that the revised
charge-off policy will materially affect the interests of holders of the notes
and certificates.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Report with respect to the
January 16, 2001 distribution
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 26, 2001
THE CIT GROUP/SALES FINANCING, INC.,
as Servicer
By: /s/ Gilmar Rodrigues
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Name: Gilmar Rodrigues
Title: Vice President
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Monthly Report with respect to the January 16,
2001 distribution