10-K 1 a10k002.txt AUTO TRUST 2000-2 10-K SECURITIES AND EXCHANGE COMMISSION Washington, DC. 20549 FORM 10 - K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: Commission file number: December 31, 2001 333-21707 Chevy Chase Auto Receivables Trust 2000-2 ____________________________________________________ (Exact name of registrant as specified in charter) Maryland 52-0897004 ________________________________ ________________ (State or other jurisdiction of (IRS. Employer incorporation or organization) Identification No.) c/o Chevy Chase Bank, F.S.B. 7501 Wisconsin Avenue Bethesda, Maryland 20814 ________________________________________ __________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (301) 986-7000 ________________ Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes X No _____ _____ The Registrant has no voting stock or class of common stock outstanding as of the date of this report. :: Introductory Note Chevy Chase Bank, F.S.B. (the "Bank")is the seller and Servicer under the Pooling and Servicing Agreement (" Agreement"), dated as of September 1, 2000, by and between the Bank and U.S. Bank National Association, as the indenture trustee. The Certificates listed on page 1 hereof will be referred collectively herein as the "Certificates". The Certificates do not represent obligations of or interests in the Bank. By letter dated August 7, 1995, the Bank has requested an exemption from certain reporting and information requirements under the Exchange Act. Pending resolution of such request, the Bank intends to provide information in a manner consistent with such application. Accordingly, certain items of Form 10-K are designated below as "Not Applicable", and with respect to the remaining items the Bank is providing the information set forth below. Part I Item 1 Business Not Applicable Item 2 Properties See the Annual Report filed pursuant to Item 14 Below. Item 3 Legal Proceedings None Item 4 Submission Of Matters To A Vote Of Security Holders None Page 2 :: Part II Item 5 Market For Registrant's Common Equity And Related Stockholder Matters Each of the Certificates, representing investors' interests in the Trust, are represented by a single certificate registered in the name of Cede & Co., the nominee of The Depository Trust Company. Accordingly, Cede & Co. is the sole holder of record of the Certificates, which it held on behalf of approximately 25 brokers, dealers, banks and other direct participants in the DTC system at December 31, 2001. To the best knowledge of the Registrant, there is no established public trading market for the Certificates. Item 6 Selected Financial Data Not Applicable Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations Not Applicable Item 8 Financial Statements and Supplementary Data Not Applicable Item 9 Changes In And Disagreements With Accountants On Accounting and Financial Disclosure None Part III Item 10 Directors and Executive Officers of the Registrant Not Applicable Item 11 Executive Compensation Not Applicable Page 3 :: Item 12 Security Ownership Of Certain Beneficial Owners and Management Each of the Certificates, representing investor's interests in the Trust, are represented by a single certificate registered in the name of Cede & Co., the nominee of the Depository Trust Company("DTC"), and an investor holding an interest in the Trust is not entitled to receive a Certificate representing such interes except in certain limited circumstances. Accordingly, Cede & Co. is the sole holder of record of the Certificates, which it held o behalf of approximately 25 brokers, dealers, banks and other direct participants in the DTC system at December 31, 2001. Such direct participants may hold Certificates for their own accounts or for the accounts of their customers. The following table sets forth, with respect to each of the Certificates, the identity of each direct DTC participant that holds positions in such Certificate in excess of 5% of the outstanding principal amount thereof at December 31, 2001. $ 318,684,000.00 Auto Receivables Backed Certificates Aggregate Amount of Percent o Name Certificates Held O/S Class Bank of New York 47,500,000 42.79% State Street Bank and Trust Co. 58,500,000 52.70% Boston Safe Deposit & Trust Co. 6,700,000 11.17% Citibank, N.A. 8,450,000 14.08% JP Morgan Chase Bank 9,000,000 15.00% HSBC Bank USA / Treasury Investment 10,000,000 16.67% State Street Bank and Trust Co. 18,550,000 30.92% Salomon Smith Barney Inc. / Salomon Brothers 7,000,000 8.31% Bank of New York 17,449,000 20.72% JP Morgan Chase Bank 52,000,000 61.76% Bank of New York 6,438,000 100.00% Bank of New York 8,047,000 100.00% The address of each of the above participants is: C/O The Depository Trust Company 7 Hanover Square, 22nd Floor New York, NY 10004 Item 13 Certain Relationships and Related Transactions None Page 4 :: Part IV Item 14 Exhibits, Financial Statement Schedules and Reports On Form 10-K (a) The following documents are filed as part of this Report: i) Summary of annual distributions on the Certificates to Certificateholders for the year ended December 31, 2001 ii) Annual Accountant's Report dated October 17, 2001 and related Report of Management dated October 17, 2001 relating to sufficiency of accounting controls. No proxy soliciting material has been distributed by the Trust. 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. Chevy Chase Auto Receivables Trust 2000 By: Chevy Chase Bank, F.S.B. Originator of the Trust and Servicer Date: 37344 By: __________________________________ Joel A. Friedman Senior Vice President and Controller Page 5