Item 2. Properties See Exhibit 99.1 & 99.2.
Item 3.
Item 3. Legal Proceedings There were no legal proceedings.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders There were no matters submitted to a vote of the Security Holders.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder matters There were seven participants in the DTC system holding positions in the Cede certificates. The following were Certificateholders of record as of the end of the reporting year. Banc One Home Equity Loan Trust 1996-A: Series 1996-A Certificate Cede & Co. There is no established trading market for the certificates.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures: Information required by Item 304 of Reg. S-K.
There were no changes in and/or disagreements with Accountants on Accounting and Financial Disclosures.
PART IV
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management The Notes are represented by one or more notes registered in the name of of Cede & Co., the nominee of The Depository Trust Company. An investor holding Notes is not entitled to receive a certificate representing such Note, except in limited circumstances. Accordingly, Cede & Co. is the sole holder of Notes, which it holds on behalf of brokers, dealers, banks and other participants in the DTC system. Such participants may hold Notes for their own accounts or for the accounts of their customers. The address of Cede & Co. is: Cede & Co. c/o The Depository Trust Company Seven Hanover Square New York, New York 10004
Item 13.
Item 13. Certain Relationships and Related Transactions. There has not been, and there is not currently proposed, any transactions or series or transactions, to which any of the Trust, the Registrant, the Trustee or the Servicer is a party with any Noteholder who, to the
knowledge of the Registrant and Servicer, owns of record or beneficially more than five percent of the Notes.
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) 1. Not Applicable 2. Not Applicable 3. Exhibits 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance. 99.3 Annual Independent Public Accountant's Servicing Report.
(b) Reports on Form 8-K The Registrant has filed Current Reports on Form 8-K with the Securities and Exchange Commision dated January 15, 1997, February 15, 1997, March 15, 1997, April 15, 1997, May 15, 1997, June 16, 1997, July 15, 1997, August 15, 1997, September 15, 1997, October 15, 1997, November 17, 1997 and December 15, 1997.
(c) See (a) 3 above
(d) Not Applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d)of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Banc One Home Equity Loan Trust 1996-A
By: The First National Bank of Chicago Not in its individual capacity but solely as Trustee on behalf of the Trust
By: /Barbara G. Grosse Assistant Vice President, The First National Bank of Chicago
Date:March 27, 1998
EXHIBIT INDEX
Exhibit Description 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance 99.3 Annual Independent Public Accountant's Servicing Report
EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year Amounts for the period ending December 31, 1997
Banc One Home Equity Loan Trust 1996-A Summary of Aggregate Amounts or End of Year Amounts
Pool Ending Balance 177,624,497 Pool Principal Collected 40,486,104
Certificate Ending Balance 171,701,754 Certificate Principal Distribute 40,486,104 Certificate Interest Distributed 11,402,881
Loan Losses 0 Servicer Fees 1,300,892
End of Year Amounts: Delinquencies Number Balance 30-59 days 58 2,454,907 60-89 days 16 650,747 90+ days 37 1,456,066 9+ months 5 124,471 REO 0 0
EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance To be supplied upon receipt by the Trustee
EXHIBIT 99.3 -- Report of Independent Auditors To be supplied upon receipt by the Trustee