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Previous: GS MORTGAGE SECURITIES CORP II, 8-K, 1997-01-29 |
Next: REDWOOD BROADCASTING INC, SB-2/A, 1997-01-29 |
<PAGE>
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 29, 1997
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I")
(Series 1995-1, 1995-2, 1995-3, 1996-1, 1996-2 and 1996-3)
----------------------------------------------------------
(Issuer of Securities)
THE CHASE MANHATTAN BANK (formerly known as 'Chemical Bank')
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
New York 33-94190 13-4994650
--------------- ------------- ---------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
270 Park Avenue, New York 10017
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 270-6000
<PAGE>
Item 5. Other Events.
-------------
On or about January 15, 1997, Monthly Interest as defined in the Pooling
and Servicing Agreement dated as of October 19, 1995 (the "Agreement") between
The Chase Manhattan Bank (formerly known as 'Chemical Bank') and The Bank of
New York, as Trustee (the "Trustee"), was distributed to holders
("Certificateholders") of participations in the Chase Credit Card Master
Trust (formerly known as "Chemical Master Credit Card Trust I") for
Series 1995-1, 1995-2, 1995-3, 1996-1, 1996-2 and 1996-3 in accordance with the
Agreement. A copy of the applicable Monthly Report for the month ended
December 31, 1996, as defined in the Agreement, has been furnished to each
Certificateholder in accordance with the Agreement. Copies of those Monthly
Reports are being filed as Exhibit 20.1 to this Current Report on Form 8-K.
Item 7(c). Exhibits
--------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
January 15, 1997 distribution
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE CHASE MANHATTAN BANK
As Servicer
By: /s/Richard L. Craig
--------------------
Name: Richard L. Craig
Title: Managing Director
Dated: January 29, 1997
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit Nos. Description
----------- -----------
20.1 Monthly Reports with respect to the
January 15, 1997 distribution
<PAGE>
<TABLE>
<CAPTION>
Exhibit 20.1
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Master Credit Card Trust
Series 1995-1
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,578,418.75 304,451.56 398,803.79 4,281,674.11
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 78,695,376.59 6,557,948.05 8,431,647.49 93,684,972.13
(iv) Collections of Finance Charge Receivables 12,292,998.71 1,024,416.56 1,317,107.00 14,634,522.28
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 750,000,000.00 62,500,000.00 80,357,142.86 892,857,142.86
Adjusted Interest 750,000,000.00 62,500,000.00 80,357,142.86 892,857,142.86
Series
Floating Investor Percentage 6.67% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 6.67% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
Total Receivables 100.00%
(vii) Investor Default Amount 4,540,489.55 378,374.13 486,481.02 5,405,344.70
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 625,000.00 52,083.33 66,964.29 744,047.62
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.44%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 750,000,000.00 62,500,000.00 80,357,142.86 892,857,142.86
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 11,667,998.71 972,333.23 1,250,142.72 13,890,474.66
(xx) Certificate Rate 5.7255% 5.8455% 5.9555%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Master Credit Card Trust I
Series 1995-2
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,115,000.00 181,245.17 238,858.47 3,535,103.64
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 62,956,301.27 3,576,967.18 5,007,982.99 71,541,251.44
(iv) Collections of Finance Charge Receivables 9,834,398.97 558,757.77 782,296.64 11,175,453.38
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 600,000,000.00 34,090,000.00 47,728,181.82 681,818,181.82
Adjusted Interest 600,000,000.00 34,090,000.00 47,728,181.82 681,818,181.82
Series
Floating Investor Percentage 5.09% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 5.09% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 3,632,391.64 206,380.39 288,945.75 4,127,717.77
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 500,000.00 28,408.33 39,773.48 568,181.82
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 600,000,000.00 34,090,000.00 47,728,181.82 681,818,181.82
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
============
(xix) Available Funds 9,334,398.97 530,349.93 742,523.15 10,607,271.56
(xx) Certificate Rate 6.2300% 6.3800% 6.0055%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Master Credit Card Trust I
Series 1995-3
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 2,336,250.00 136,149.60 181,272.05 2,653,671.65
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 47,217,225.95 2,682,777.85 3,755,934.78 53,655,938.58
(iv) Collections of Finance Charge Receivables 7,375,799.23 419,076.52 586,714.28 8,381,590.03
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 450,000,000.00 25,568,000.00 35,795,636.36 511,363,636.36
Adjusted Interest 450,000,000.00 25,568,000.00 35,795,636.36 511,363,636.36
Series
Floating Investor Percentage 3.82% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.82% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 2,724,293.73 154,788.32 216,706.28 3,095,788.33
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 375,000.00 21,306.67 29,829.70 426,136.36
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 450,000,000.00 25,568,000.00 35,795,636.36 511,363,636.36
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 7,000,799.23 397,769.85 556,884.59 7,955,453.67
(xx) Certificate Rate 6.2300% 6.3900% 6.1305%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Master Credit Card Trust I
Series 1996-1
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,237,500.00 189,248.43 278,666.65 3,705,414.98
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 73,449,018.15 4,173,163.36 5,842,611.84 83,464,793.35
(iv) Collections of Finance Charge Receivables 11,473,465.46 651,889.53 912,673.95 13,038,028.09
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 700,000,000.00 39,772,000.00 55,682,545.45 795,454,545.45
Adjusted Interest 700,000,000.00 39,772,000.00 55,682,545.45 795,454,545.45
Series
Floating Investor Percentage 5.94% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 5.94% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
--------
Total Receivables 100.00%
(vii) Investor Default Amount 4,237,790.25 240,779.13 337,101.35 4,815,670.74
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 583,333.33 33,143.33 46,402.12 662,878.79
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 700,000,000.00 39,772,000.00 55,682,545.45 795,454,545.45
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii)Principal Investment Funding Shortfall
==============
(xix) Available Funds 10,890,132.13 618,746.19 866,271.82 12,375,150.15
(xx) Certificate Rate 5.5500% 5.7100% 6.0055%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Master Credit Card Trust I
Series 1996-2
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 2,740,833.33 160,416.67 231,709.84 3,132,959.84
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 57,709,942.83 3,278,974.02 4,590,563.63 65,579,480.49
(iv) Collections of Finance Charge Receivables 9,014,865.72 512,208.28 717,091.59 10,244,165.59
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 550,000,000.00 31,250,000.00 43,750,000.00 625,000,000.00
Adjusted Interest 550,000,000.00 31,250,000.00 43,750,000.00 625,000,000.00
Series
Floating Investor Percentage 4.67% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 4.67% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 3,329,692.34 189,187.06 264,861.89 3,783,741.29
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 458,333.33 26,041.67 36,458.33 520,833.33
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 550,000,000.00 31,250,000.00 43,750,000.00 625,000,000.00
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 8,556,532.39 486,166.61 680,633.26 9,723,332.26
(xx) Certificate Rate 5.9800% 6.1600% 6.3555%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Master Credit Card Trust I
Series 1996-3
Section 5.2 - Supplement Class A Class B Collateral Total
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 2,434,132.89 141,813.47 173,570.22 2,749,516.58
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 43,228,209.78 2,456,135.17 3,438,719.43 49,123,064.38
(iv) Collections of Finance Charge Receivables 6,752,675.32 383,672.69 537,162.10 7,673,510.10
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 411,983,000.00 23,408,000.00 32,772,440.86 468,163,440.86
Adjusted Interest 411,983,000.00 23,408,000.00 32,772,440.86 468,163,440.86
Series
Floating Investor Percentage 3.50% 88.00% 5.00% 7.00% 100.00%
Fixed Investor Percentage 3.50% 88.00% 5.00% 7.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
-------
Total Receivables 100.00%
(vii) Investor Default Amount 2,494,139.34 141,711.71 198,403.90 2,834,254.95
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 343,319.17 19,506.67 27,310.37 390,136.20
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 411,983,000.00 23,408,000.00 32,772,440.86 468,163,440.86
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
=============
(xix) Available Funds 6,409,356.15 364,166.02 509,851.73 7,283,373.90
(xx) Certificate Rate 7.0900% 7.2700% 6.3555%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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