3/98                                                 Page 1  


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



 Date of Report (Date of earliest event reported:)   April 15, 1998
                                                        
                                                                    
                          Chevy Chase Bank, F.S.B.           
            _____________________________________________________ 
             (Exact name of registrant as specified in charter)



         Maryland                333-4375           52-6808179    
___________________________ ________________    _________________
State or other jurisdiction   (Commission        (I.R.S. Employer
of incorporation or organ-     File No.)      Identification No.  
ization


    C/O CHEVY CHASE BANK, F.S.B
    8401 Connecticut Avenue
    Chevy Chase, Maryland                              20815
______________________________________             _____________
Address of principal executive offices                Zip Code


Registrant's telephone number, including area code(301)-986-7000
                                                   _____________
                           Not Applicable
 ________________________________________________________________
 (Former name, former address, and former fiscal year, if changed
                       since last report)




    3/98                                                  Page 2 

  Item 5.  Other Events
           None

  Item 7.  Financial Statements, Pro forma Financial Information  
           and Exhibits.

  Exhibit 99.1  Monthly Servicer's Report dated April 15, 1998.


                                   Signatures

  Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed
on behalf of the Chevy Chase Auto Receivables Trust by the
undersigned thereunto duly authorized.


                          Chevy Chase Auto Receivables Trust 1996-1

                          By:   Chevy Chase Bank, F.S.B.
                        Originator of the Trust and Servicer


                                                 Mark A. Holles 
 Dated:   April 15, 1998    By: ___________________________________

                                                Mark A. Holles
                                                Vice President
[{"type": "8-K", "sequence": "1", "description": "CHEVY CHASE AUTO RECEIVABLES TRUST 1996-1", "secsgml_size_bytes": 2592}]
{"company-data": {"conformed-name": "CHEVY CHASE AUTO RECEIVABLES TRUST 1996-1", "cik": "0001015085", "assigned-sic": "6189", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-04375", "film-number": "98601334"}, "business-address": {"street1": "8401 CONNECTICUT AVE", "city": "CHEVY CHASE", "state": "MD", "zip": "20815", "phone": "3019867000"}, "mail-address": {"street1": "C/O CHEVY CHASE FSB", "street2": "8401 CONNECTICUT AVE", "city": "CHEVY CHASE", "state": "MD", "zip": "20815"}}
3/98                                                 Page 1  

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

 Date of Report (Date of earliest event reported:)   April 15, 1998
                                                        
                                                                    
                          Chevy Chase Bank, F.S.B.           
            _____________________________________________________ 
             (Exact name of registrant as specified in charter)

         Maryland                333-4375           52-6808179    
___________________________ ________________    _________________
State or other jurisdiction   (Commission        (I.R.S. Employer
of incorporation or organ-     File No.)      Identification No.  
ization

    C/O CHEVY CHASE BANK, F.S.B
    8401 Connecticut Avenue
    Chevy Chase, Maryland                              20815
______________________________________             _____________
Address of principal executive offices                Zip Code

Registrant's telephone number, including area code(301)-986-7000
                                                   _____________
                           Not Applicable
 ________________________________________________________________
 (Former name, former address, and former fiscal year, if changed
                       since last report)

    3/98                                                  Page 2 

  Item 5.  Other Events
           None

  Item 7.  Financial Statements, Pro forma Financial Information  
           and Exhibits.

  Exhibit 99.1  Monthly Servicer's Report dated April 15, 1998.

                                   Signatures

  Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed
on behalf of the Chevy Chase Auto Receivables Trust by the
undersigned thereunto duly authorized.

                          Chevy Chase Auto Receivables Trust 1996-1

                          By:   Chevy Chase Bank, F.S.B.
                        Originator of the Trust and Servicer

                                                 Mark A. Holles 
 Dated:   April 15, 1998    By: ___________________________________

                                                Mark A. Holles
                                                Vice President