Exhibit 99.1

NISSAN AUTO LEASE TRUST 2011-B

Monthly Servicer's Report

for the month of January 2014 

Collection Period Start	1-Jan-14	Distribution Date	18-Feb-14
Collection Period End	31-Jan-14	30/360 Days	30
Beg. of Interest Period	15-Jan-14	Actual/360 Days	34
End of Interest Period	18-Feb-14

SUMMARY
	Coupon Rate			Initial Balance		Beginning Balance		Ending Balance		Pool Factor
Total Portfolio					1,168,693,999.35		311,608,301.80		276,202,618.66		0.2363344
Total Securities					1,168,693,999.35		311,608,301.80		276,202,618.66		0.2363344
Class A-1 Notes		0.349850	%		156,000,000.00		0.00		0.00		0.0000000
Class A-2 Notes		0.379200	%		378,000,000.00		0.00		0.00		0.0000000
Class A-3 Notes		0.920000	%		351,000,000.00		27,914,302.45		0.00		0.0000000
Class A-4 Notes		1.100000	%		85,000,000.00		85,000,000.00		77,508,619.31		0.9118661
Certificates		0.000000	%		198,693,999.35		198,693,999.35		198,693,999.35		1.0000000

	Principal Payment Due			Interest Payment		Principal per $1000 Face Amount		Interest per $1000 Face Amount
Class A-1 Notes		0.00			0.00		0.0000000		0.0000000
Class A-2 Notes		0.00			0.00		0.0000000		0.0000000
Class A-3 Notes		27,914,302.45			21,400.97		79.5279272		0.0609714
Class A-4 Notes		7,491,380.69			77,916.67		88.1338905		0.9166667
Certificates		0.00			0.00		0.0000000		0.0000000
Total Securities		35,405,683.14			99,317.64

I. COLLECTIONS

Lease Payments: ( Lease SUBI)
Monthly Principal								4,451,489.41
Monthly Interest								1,722,759.31
Total Monthly Payments								6,174,248.72

Interest Rate Cap Payments								0.00

Advances:
Aggregate Monthly Payment Advances								196,050.70
Aggregate Sales Proceeds Advance								20,876,036.42
Total Advances								21,072,087.12

Vehicle Disposition Proceeds:
Reallocation Payments								20,685,195.51
Repurchase Payments								1,444,320.64
Net Auction Proceeds								0.00
Recoveries								0.00
Net Liquidation Proceeds								8,448,293.78
Excess Wear and Tear and Excess Mileage								228,206.59
Remaining Payoffs								0.00
Net Insurance Proceeds								284,878.40
Residual Value Surplus								679,397.64
Total Collections								59,016,628.40

Vehicle Disposition Activity for the current month - Terminated and Sold (included in Vehicle Disposition Proceeds)	Reallocation Payments		Net Insurance Sales		Lease Payoffs		Count
Early Termination		12,289,451.51						793
Involuntary Repossession		118,757.00						9
Voluntary Repossession		92,556.00						7
Full Termination		8,150,130.00						512
Bankruptcy		34,301.00						3
Insurance Payoff				280,939.82				15
Customer Payoff						218,170.71		12
Grounding Dealer Payoff						6,227,557.29		341
Dealer Purchase						1,417,742.41		69
Total		20,685,195.51		280,939.82		7,863,470.41		1,761

Page 5 of 9

Exhibit 99.1

NISSAN AUTO LEASE TRUST 2011-B

Monthly Servicer's Report

for the month of January 2014 

II. COLLATERAL POOL BALANCE DATA
	Number			Book Amount			Discount Rate			Securitization Value
Pool Balance - Beginning of Period		18,972			363,550,132.14			7.00000	%		311,608,301.80
Total Depreciation Received					(4,850,673.94	)					(4,292,156.13	)
Principal Amount of Gross Losses		(33	)		(581,493.41	)					(508,071.01	)
Repurchase / Reallocation		(92	)		(1,649,520.97	)					(1,444,320.64	)
Early Terminations		(773	)		(14,760,726.38	)					(12,688,991.26	)
Scheduled Terminations		(1,022	)		(19,070,468.82	)					(16,472,144.10	)
Pool Balance - End of Period		17,052			322,637,248.62						276,202,618.66

Remaining Pool Balance
Lease Payment											29,773,361.99
Residual Value											246,429,256.67
Total											276,202,618.66

III. DISTRIBUTIONS

Total Collections													59,016,628.40
Reserve Amounts Available for Distribution													0.00
Total Available for Distribution													59,016,628.40

1. Amounts due Indenture Trustee as Compensation or Indemnity													0.00
2. Reimbursement of Payment Advance													329,951.22
3. Reimbursement of Sales Proceeds Advance													19,546,753.17
4. Servicing Fee:
Servicing Fee Due													259,673.58
Servicing Fee Paid													259,673.58
Servicing Fee Shortfall													0.00
Total Trustee, Advances and Servicing Fee Paid													20,136,377.97

5. Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Interest Carryover Shortfall													0.00
Class A-1 Notes Interest on Interest Carryover Shortfall													0.00
Class A-1 Notes Monthly Available Interest Distribution Amount													0.00

Class A-1 Notes Monthly Interest Paid													0.00
Chg in Class A-1 Notes Int. Carryover Shortfall													0.00

Class A-2 Notes Monthly Interest
Class A-2 Notes Interest Carryover Shortfall													0.00
Class A-2 Notes Interest on Interest Carryover Shortfall													0.00
Class A-2 Notes Monthly Available Interest Distribution Amount													0.00

Class A-2 Notes Monthly Interest Paid													0.00
Chg in Class A-2 Notes Int. Carryover Shortfall													0.00

Class A-3 Notes Monthly Interest
Class A-3 Notes Interest Carryover Shortfall													0.00
Class A-3 Notes Interest on Interest Carryover Shortfall													0.00
Class A-3 Notes Monthly Available Interest Distribution Amount													21,400.97

Class A-3 Notes Monthly Interest Paid													21,400.97
Chg in Class A-3 Notes Int. Carryover Shortfall													0.00

Page 6 of 9

Exhibit 99.1

NISSAN AUTO LEASE TRUST 2011-B

Monthly Servicer's Report

for the month of January 2014 

Class A-4 Monthly Interest
Class A-4 Notes Interest Carryover Shortfall																			0.00
Class A-4 Notes Interest on Interest Carryover Shortfall																			0.00
Class A-4 Notes Monthly Available Interest Distribution Amount																			77,916.67

Class A-4 Notes Monthly Interest Paid																			77,916.67
Chg in Class A-4 Notes Int. Carryover Shortfall																			0.00

Certificate Monthly Interest
Certificate Interest Carryover Shortfall																			0.00
Certificate Interest on Interest Carryover Shortfall																			0.00
Certificate Monthly Available Interest Distribution Amount																			0.00

Certificate Monthly Interest Paid																			0.00
Chg in Certificate Int. Carryover Shortfall																			0.00

Total Note and Certificate Monthly Interest
Total Note and Certificate Monthly Interest Due																			99,317.64
Total Note and Certificate Monthly Interest Paid																			99,317.64
Total Note and Certificate Interest Carryover Shortfall																			0.00
Chg in Total Note and Certificate Int. Carryover Shortfall																			0.00

Total Available for Principal Distribution																			38,780,932.79

6. Total Monthly Principal Paid on the Notes
Total Monthly Principal Paid on the Class A Notes																			35,405,683.14

Total Class A Noteholders' Principal Carryover Shortfall																			0.00
Total Class A Noteholders' Principal Distributable Amount																			35,405,683.14
Chg in Total Class A Noteholders' Principal Carryover Shortfall																			0.00

7. Total Monthly Principal Paid on the Certificates																			0.00

Total Certificateholders' Principal Carryover Shortfall																			0.00
Total Certificateholders' Principal Distributable Amount																			0.00
Chg in Total Certificateholders' Principal Carryover Shortfall																			0.00

Remaining Available Collections																			3,375,249.65

Page 7 of 9

Exhibit 99.1

NISSAN AUTO LEASE TRUST 2011-B

Monthly Servicer's Report

for the month of January 2014 

IV. RESERVE ACCOUNT

Initial Reserve Account Amount					5,843,470.00
Required Reserve Account Amount					17,530,409.99
Beginning Reserve Account Balance					17,530,409.99
Additional Cash Infusion					0.00
Reinvestment Income for the Period					0.00
Reserve Fund Available for Distribution					17,530,409.99
Reserve Fund Draw Amount					0.00
Deposit of Remaining Available Collections					3,375,249.65
Gross Reserve Account Balance					20,905,659.64
Remaining Available Collections Released to Seller					3,375,249.65
Total Ending Reserve Account Balance					17,530,409.99

V. POOL STATISTICS

Weighted Average Remaining Maturity					5.63
Monthly Prepayment Speed					76	%
Lifetime Prepayment Speed					75	%

		$		units
Recoveries of Defaulted and Casualty Receivables		577,018.80
Securitization Value of Defaulted Receivables and Casualty Receivables		508,071.01			33
Aggregate Defaulted and Casualty Gain (Loss)		68,947.79
Pool Balance at Beginning of Collection Period		311,608,301.80
Net Loss Ratio		0.0221	%

Cumulative Net Losses for all Periods		-0.0133	%		(154,937.22	)

Delinquent Receivables:	Amount			Number
31-60 Days Delinquent		2,303,191.58			146
61-90 Days Delinquent		932,153.65			59
91-120+ Days Delinquent		168,086.48			11
Total Delinquent Receivables:		3,403,431.71			216
60+ Days Delinquencies as Percentage of Receivables		0.35	%

Aggregate Sales Performance of Auctioned Vehicles		$		units
Sales Proceeds		20,439,581.51			1,304
Securitization Value		21,133,203.34
Aggregate Residual Gain (Loss)		(693,621.83	)

Cumulative Sales Performance of Auctioned Vehicles		$		units
Cumulative Sales Proceeds		299,067,119.92			18,815
Cumulative Securitization Value		303,573,897.52
Cumulative Residual Gain (Loss)		(4,506,777.60	)

VI. RECONCILIATION OF ADVANCES

Beginning Balance of Residual Advance					37,383,620.17
Reimbursement of Outstanding Advance					19,546,753.17
Additional Advances for current period					20,876,036.42
Ending Balance of Residual Advance					38,712,903.42

Beginning Balance of Payment Advance					640,203.16
Reimbursement of Outstanding Payment Advance					329,951.22
Additional Payment Advances for current period					196,050.70
Ending Balance of Payment Advance					506,302.64

Page 8 of 9

Exhibit 99.1

NISSAN AUTO LEASE TRUST 2011-B

Monthly Servicer's Report

for the month of January 2014 

VII. STATEMENTS TO NOTEHOLDERS

1. Has there been any material change in practices with respect to charge-
offs, collection and management of delinquent Leases, and the effect
of any grace period, re-aging, re-structuring, partial payments or
other practices on delinquency and loss experience?							No

2. Have there been any material modifications, extensions or waivers to
Lease terms, fees, penalties or payments during the Collection Period?							No

3. Have there been any material breaches of representations, warranties
or covenants contained in the Leases?							No

4. Has there been any new issuance of notes or other securities backed by the
SUBI Assets?							No

5. Has there been any material additions, removals or substitutions of
SUBI Assets, or repurchases of SUBI Assets?							No

6. Has there been any material change in the underwriting, origination or acquisition
of Leases?							No

Page 9 of 9

Nissan Auto Lease Trust 2011-B 10-D