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
June 15, 1998
------------------------------------------------
Date of report (Date of earliest event reported)
Bank of America National Association
------------------------------------------------------
(Exact name of registrant as specified in its charter)
U.S.A. 333-4152 86-0645265
----------------------------------------------------------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
1825 East Buckeye Road
Phoenix, Arizona 85034
----------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(602) 597-3738
--------------------------------------------------------------------
(Registrant's telephone number, including area code)
N/A
--------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Items 1-4. Not Applicable.
Item 5. Not Applicable.
Item 6. Not Applicable.
Item 7. Exhibits.
The following are filed as Exhibits to this Report under Exhibits
20.1, 20.2, 20.3, 20.4, 20.5, 20.06, 20.07, 20.08 and 20.09.
Exhibit 20.1 SERIES 1996-A - Monthly Certificateholders' Statement,
dated as of May 31, 1998
Exhibit 20.2 SERIES 1996-A - Schedule to Monthly Servicers'
Certificate, dated as of May 31, 1998
Exhibit 20.3 SERIES 1996-A - Monthly Servicer's Certificate, dated
as of May 31, 1998
Exhibit 20.4 SERIES 1997-A - Monthly Certificateholders' Statement,
dated as of May 31, 1998
Exhibit 20.5 SERIES 1997-A - Schedule to Monthly Servicer's
Certificate, dated as of May 31, 1998
Exhibit 20.6 SERIES 1997-A - Monthly Servicer's Certificate, dated
as of May 31, 1998
Exhibit 20.7 SERIES 1998-A - Monthly Certificateholders' Statement,
dated as of May 31, 1998
Exhibit 20.8 SERIES 1998-A - Schedule to Monthly Servicer's
Certificate, dated as of May 31, 1998
Exhibit 20.9 SERIES 1998-A - Monthly Servicer's Certificate, dated
as of May 31, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By /s/ MARGARET A. SPRUDE
------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
Date: June 30, 1998
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Exhibit Description
- -------- -------------------
20.1 SERIES 1996-A - Monthly Certificateholders' Statement, dated as
of May 31, 1998
20.2 SERIES 1996-A - Schedule to Monthly Servicers' Certificate,
dated as of May 31, 1998
20.3 SERIES 1996-A - Monthly Servicer's Certificate, dated as of
May 31, 1998
20.4 SERIES 1997-A - Monthly Certificateholders' Statement, dated as
of May 31, 1998
20.5 SERIES 1997-A - Schedule to Monthly Servicer's Certificate,
dated as of May 31, 1998
20.6 SERIES 1997-A - Monthly Servicer's Certificate, dated as of
May 31, 1998
20.7 SERIES 1998-A - Monthly Certificateholders' Statement, dated as
of May 31, 1998
20.8 SERIES 1998-A - Schedule to Monthly Servicer's Certificate,
dated as of May 31, 1998
20.9 SERIES 1998-A - Monthly Servicer's Certificate, dated as of
May 31, 1998
MONTHLY SERIES 1996-A CERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1996-A
BANK OF AMERICA NATIONAL ASSOCIATION
- --------------------------------------------------------------------------------
BA MASTER CREDIT CARD TRUST
- --------------------------------------------------------------------------------
The information which is required to be prepared with respect to the
Distribution Date of JUNE 15, 1998, and with respect to the performance of the
-------------
Trust during the related Monthly Period.
Capitalized terms used in this Statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Monthly Distribution (Stated on the
---------------------------------------------------------------------
Basis of $1,000 Original Certificate Principal Amount)
------------------------------------------------------
1. The amount of the current monthly distribution
in respect of Class A Monthly Principal...........$ 0.00000
----------------
2. The amount of the current monthly distribution
in respect of Class B Monthly Principal...........$ 0.00000
----------------
3. The amount of the current monthly distribution
in respect of Collateral Monthly Principal........$ 0.00000
----------------
4. The amount of the current monthly distribution
in respect of Class A Monthly Interest............$ 4.98260
----------------
5. The amount of the current monthly distribution
in respect of Class A Deficiency Amounts..........$ 0.00000
----------------
6. The amount of the current monthly distribution
in respect of Class A Additional Interest.........$ 0.00000
----------------
7. The amount of the current monthly distribution
in respect of Class B Monthly Interest............$ 5.12038
----------------
8. The amount of the current monthly distribution
in respect of Class B Deficiency Amounts..........$ 0.00000
----------------
9. The amount of the current monthly distribution
in respect of Class B Additional Interest.........$ 0.00000
----------------
10. The amount of the current monthly distribution
in respect of Collateral Monthly Interest.........$ 5.21510
----------------
11. The amount of the current monthly distribution
in respect of any accrued and unpaid Collateral
Monthly Interest..................................$ 0.00000
----------------
B. Information Regarding the Performance of the Trust
1. Collection of Principal Receivables
(a) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class A
Certificates..................................$ 55,092,195.58
----------------
(b) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class B
Certificates..................................$ 4,188,295.58
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 5,154,825.31
----------------
2. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the end
of the day on the last day of the
related Monthly Period........................$6,128,013,086.85
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1996-A as of the end
of the day on the last day of the related
Monthly Period................................$ 500,000,000.00
----------------
(c) The amount of Principal Receivables in
the Trust represented by the Series
1996-A Adjusted Investor Interest as of
the end of day on the last day of the
related Monthly Period.......... .............$ 500,000,000.00
----------------
(d) The amount of Principal Receivables in
the Trust represented by the Class A
Investor Interest as of the end of the
day on the last day of the related
Monthly Period................................$ 427,500,000.00
----------------
(e) The amount of Principal Receivables in
the Trust represented by the Class A
Adjusted Investor Interest as of the end
of day on the last day of the related
Monthly Period................................$ 427,500,000.00
----------------
(f) The amount of Principal Receivables in
the Trust represented by the Class B
Investor Interest as of the end of the
day on the last day of the related
Monthly Period................................$ 32,500,000.00
----------------
(g) The amount of Principal Receivables in
the Trust represented by the Collateral
Interest as of the end of the day on the
last day of the related Monthly Period........$ 40,000,000.00
----------------
(h) The Floating Investor Percentage with
respect to the related Monthly Period......... 8.0620%
----------------
(i) The Class A Floating Allocation with
respect to the related Monthly Period......... 85.50%
----------------
(j) The Class B Floating Allocation with
respect to the related Monthly Period......... 6.50%
----------------
(k) The Collateral Floating Allocation with
respect to the related Monthly Period......... 8.00%
----------------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period......... N/A
----------------
(m) The Class A Fixed Allocation with respect
to the related Monthly Period................. N/A
----------------
(n) The Class B Fixed Allocation with respect
to the related Monthly Period................. N/A
----------------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period......... N/A
----------------
3. Delinquent Balances
-------------------
The aggregate amount of outstanding balances in the
Accounts which were delinquent as of the end of the
day on the last day of the related Monthly Period:
Aggregate Percentage of
Account Total
Balance Receivables
--------- -------------
(a) 31 - 60 days $107,945,918.78 1.7321%
(b) 61 - 90 days $ 70,392,919.52 1.1295%
(c) 91 - or more days $125,735,557.31 2.0175%
Total....................... $304,074,395.61 4.8791%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 3,212,208.69
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 2,746,438.43
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 208,793.56
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 256,976.70
----------------
5. Investor Charge Offs
--------------------
(a) The aggregate amount of Class A
Investor Charge Offs for the related
Monthly Period................................$ 0.00
----------------
(b) The aggregate amount of Class A
Investor Charge Offs set forth in
5(a) above per $1,000 of original
certificate principal amount..................$ 0.00
----------------
(c) The aggregate amount of Class B
Investor Charge Offs for the related
Monthly Period................................$ 0.00
----------------
(d) The aggregate amount of Class B
Investor Charge Offset forth in 5(c)
above per $1,000 of original
certificate principal amount..................$ 0.00
----------------
(e) The aggregate amount of Collateral
Charge Offs for the related Monthly
Period........................................$ 0.00
----------------
(f) The aggregate amount of Collateral
Charge Offs set forth in 5(e) above
per $1,000 of original certificate
principal amount..............................$ 0.00
----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately preceding
this Distribution Date .......................$ 0.00
----------------
(h) The aggregate amount of Class A
Investor Charge Offs set forth
in 5(g) above per $1,000 original
certificate principal amount
reimbursed on the Transfer Date
immediately preceding this Distribution
Date..........................................$ 0.00
----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date .............$ 0.00
----------------
(j) The aggregate amount of Class B
Investor Charge Offs set forth
in 5(i) above per $1,000 original
certificate principal amount reimbursed
on the Transfer Date immediately
preceding this Distribution Date..............$ 0.00
----------------
(k) The aggregate amount of Collateral
Charge Offs reimbursed on the Transfer
Date immediately preceding this
Distribution Date.............................$ 0.00
----------------
(l) The aggregate amount of Collateral
Charge Offs set forth in 5(k) above
per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
Distribution Date.............................$ 0.00
----------------
6. Investor Servicing Fee
----------------------
(a) The amount of the Class A Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period........................................$ 356,250.00
----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period........................................$ 27,083.33
----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly Period.......$ 33,333.34
----------------
(d) The amount of Servicer Interchange
payable by the Trust to the Servicer
for the related Monthly Period................$ 416,666.67
----------------
7. Reallocations
-------------
(a) The amount of Reallocated Collateral
Principal Collections with respect
to this Distribution Date.....................$ 0.00
----------------
(b) The amount of Reallocated Class B
Principal Collections with respect
to this Distribution Date.....................$ 0.00
----------------
(c) The Collateral Interest as of the
close of business on this Distribution
Date..........................................$ 40,000,000.00
----------------
(d) The Class B Investor Interest as
of the close of business on this
Distribution Date.............................$ 32,500,000.00
----------------
8. Collection of Finance Charge Receivables
----------------------------------------
(a) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in
respect of the Class A Certificates...........$ 6,698,593.31
----------------
(b) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in respect
of the Class B Certificates...................$ 509,249.79
----------------
(c) The aggregate amount of Collections of
Finance Charge Receivables processed
during the related Monthly Period which
were allocated in respect of the
Collateral Interest...........................$ 626,768.96
----------------
9. Principal Funding Account
-------------------------
(a) The principal amount on deposit in the
Principal Funding Account on the
related Transfer Date.........................$ 0.00
----------------
(b) The Accumulation Shortfall with respect
to the related Monthly Period.................$ 0.00
----------------
(c) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date.................................$ 0.00
----------------
(d) The Principal Funding Investment
Shortfall.....................................$ 0.00
----------------
(e) The amount of all or the portion of
the Reserve Draw Amount deposited in
the Finance Charge Account on the
related Transfer Date from the Reserve
Account.......................................$ 0.00
----------------
10. Reserve Draw Amount...............................$ 0.00
------------------- ----------------
11. Available Funds
---------------
(a) The amount of Class A Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 6,698,593.31
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 509,249.79
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 626,768.96
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 12.0938%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 3.5816%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.65625%
----------------
2. Class A Certificate Rate........................... 5.78625%
----------------
Class B Certificate Rate........................... 5.94625%
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: \s\ MARGARET A. SPRUDE
------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
MONTHLY PERIOD ENDING MAY 31, 1998
------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1996-A
1. The aggregate amount of the Investor Percentage
of Collections of Principal Receivables................$ 64,435,316.47
--------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 7,592,162.88
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 659,115.85
--------------
4. The aggregate amount of Servicer Interchange...........$ 416,666.67
--------------
5. The aggregate amount of funds on deposit in
Finance Charge Account allocable to the Series
1996-A Certificates................................... $ 7,834,612.06
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1996-A Certificates...................................$ 64,435,316.47
--------------
7. The aggregate amount of funds on deposit in
the Principal Funding Account allocable to
the Series 1996-A Certificates.........................$ 0.00
--------------
8. The aggregate amount to be withdrawn from the
Finance Charge Account and paid in accordance
with the Loan Agreement pursuant to Section 4.11.......$ 0.00
--------------
9. The excess, if any, of the Required Collateral
Interest over the Collateral Interest..................$ 0.00
--------------
10. The Collateral Interest on the Transfer Date
of the current calendar month, after giving
effect to the deposits and withdrawals specified
above, is equal to.....................................$ 40,000,000.00
--------------
11. The amount of Monthly Interest, Deficiency
Amounts and Additional Interest payable to the
(i) Class A Certificateholders.........................$ 2,130,063.28
--------------
(ii) Class B Certificateholders.........................$ 166,412.41
--------------
(iii)Collateral Interest Holder.........................$ 208,604.17
--------------
12. The amount of principal payable to the
(i) Class A Certificateholders.........................$ 0.00
--------------
(ii) Class B Certificateholders.........................$ 0.00
--------------
(iii)Collateral Interest Holder.........................$ 0.00
--------------
13. The sum of all amounts payable to the
(i) Class A Certificateholders.........................$ 2,130,063.28
--------------
(ii) Class B Certificateholders ........................$ 166,412.41
--------------
(iii)Collateral Interest Holder.........................$ 208,604.17
--------------
14. To the knowledge of the undersigned, no Series
1996-A Pay Out Event or Trust Pay Out Event
has occurred except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Certificate this 10th day of JUNE, 1998.
---- ----------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
--------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERVICER'S CERTIFICATE
------------------------------
(This represents Series 1996-A only)
Monthly Period Ending MAY 31, 1998
------------
Bank of America National Association
------------------------------------
BA MASTER CREDIT CARD TRUST
---------------------------
1. Capitalized terms used in this Certificate have their
respective meanings set forth in the Pooling and Servicing Agreement; provided,
--------
that the "preceding Monthly Period" shall mean the Monthly Period immediately
preceding the calendar month in which this Certificate is delivered. This
Certificate is delivered pursuant to subsection 3.04 (b) of the Pooling and
Servicing Agreement. References herein to certain sections and subsections are
references to the respective sections and subsections of the Pooling and
Servicing Agreement.
2. Bank of America National Association is Servicer under the
Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination Date under
the Pooling and Servicing Agreement.
5. The aggregate amount of Collections
processed during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$888,794,164.53
--------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to......................................$ 69,175,284.38
--------------
7. The Aggregate Investor Percentage of
Collections of Finance Charge Receivables processed by the
Servicer during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$ 7,464,205.52
--------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period..................................$858,041,235.22
--------------
9. Of the balance on deposit in the
Finance Charge Account, the amount attributable to
the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period ..........................................................$ 8,251,278.73
--------------
10. Of the balance on deposit in the
Principal Account, the amount attributable to the
Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period...........................................................$ 64,435,316.47
--------------
11. The aggregate amount, if any, of
withdrawals, drawings or payments under any Credit
Enhancement, if any, required to be made with respect to
any Series outstanding for the preceding Monthly Period..........$ 0.00
--------------
12. The Aggregate Investor Percentage
of Collections of Principal Receivables processed
by the Servicer during the related Monthly Period is
equal to.........................................................$ 64,435,316.47
--------------
13. The amount equal to the Aggregate
Investor Percentage of Annual Membership Fees deposited
to the Finance Charge Account or any Series Account on
or before the Transfer Date during the current month is
equal to.........................................................$ 127,957.36
--------------
14. The aggregate amount of Interchange
to be deposited in the Finance Charge Account on the
Transfer Date of the current month is equal to...................$ 659,115.85
--------------
15. The aggregate amount of all sums
payable to the Investor Certificateholder of each Series
on the succeeding Distribution Date with respect to
Certificate Principal............................................$ 0.00
--------------
16. The aggregate amount of all sums
payable to the Investor Certificateholder of each
Series on the succeeding Distribution Date with respect
to Certificate Interest..........................................$ 2,505,079.86
--------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.........................$ 39,843,818.98
--------------
18. To the knowledge of the undersigned, there are no Liens on
any Receivables in the Trust except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this certificate this 10th day of JUNE, 1998.
---- ----------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
-----------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERIES 1997-A CERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1997-A
BANK OF AMERICA NATIONAL ASSOCIATION
- --------------------------------------------------------------------------------
BA MASTER CREDIT CARD TRUST
- --------------------------------------------------------------------------------
The information which is required to be prepared with respect to the
Distribution Date of JUNE 15, 1998, and with respect to the performance of the
-------------
Trust during the related Monthly Period.
Capitalized terms used in this Statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Monthly Distribution (Stated on the
---------------------------------------------------------------------
Basis of $1,000 Original Certificate Principal Amount)
------------------------------------------------------
1. The amount of the current monthly distribution
in respect of Class A Monthly Principal...........$ 0.00000
----------------
2. The amount of the current monthly distribution
in respect of Class B Monthly Principal...........$ 0.00000
----------------
3. The amount of the current monthly distribution
in respect of Collateral Monthly Principal........$ 0.00000
----------------
4. The amount of the current monthly distribution
in respect of Class A Monthly Interest............$ 4.96538
----------------
5. The amount of the current monthly distribution
in respect of Class A Deficiency Amounts..........$ 0.00000
----------------
6. The amount of the current monthly distribution
in respect of Class A Additional Interest.........$ 0.00000
----------------
7. The amount of the current monthly distribution
in respect of Class B Monthly Interest............$ 5.12038
----------------
8. The amount of the current monthly distribution
in respect of Class B Deficiency Amounts..........$ 0.00000
----------------
9. The amount of the current monthly distribution
in respect of Class B Additional Interest.........$ 0.00000
----------------
10. The amount of the current monthly distribution
in respect of Collateral Monthly Interest.........$ 5.25816
----------------
11. The amount of the current monthly distribution
in respect of any accrued and unpaid Collateral
Monthly Interest..................................$ 0.00000
----------------
B. Information Regarding the Performance of the Trust
1. Collection of Principal Receivables
(a) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class A
Certificates..................................$ 83,604,823.11
----------------
(b) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class B
Certificates..................................$ 5,315,913.60
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 7,732,237.99
----------------
2. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the end
of the day on the last day of the
related Monthly Period........................$6,128,013,086.85
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1997-A as of the end
of the day on the last day of the related
Monthly Period................................$ 750,000,000.00
----------------
(c) The amount of Principal Receivables in
the Trust represented by the Series
1997-A Adjusted Investor Interest as of
the end of day on the last day of the
related Monthly Period.......... .............$ 750,000,000.00
----------------
(d) The amount of Principal Receivables in
the Trust represented by the Class A
Investor Interest as of the end of the
day on the last day of the related
Monthly Period................................$ 648,750,000.00
----------------
(e) The amount of Principal Receivables in
the Trust represented by the Class A
Adjusted Investor Interest as of the end
of day on the last day of the related
Monthly Period................................$ 648,750,000.00
----------------
(f) The amount of Principal Receivables in
the Trust represented by the Class B
Investor Interest as of the end of the
day on the last day of the related
Monthly Period................................$ 41,250,000.00
----------------
(g) The amount of Principal Receivables in
the Trust represented by the Collateral
Interest as of the end of the day on the
last day of the related Monthly Period........$ 60,000,000.00
----------------
(h) The Floating Investor Percentage with
respect to the related Monthly Period......... 12.0930%
----------------
(i) The Class A Floating Allocation with
respect to the related Monthly Period......... 86.50%
----------------
(j) The Class B Floating Allocation with
respect to the related Monthly Period......... 5.50%
----------------
(k) The Collateral Floating Allocation with
respect to the related Monthly Period......... 8.00%
----------------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period......... N/A
----------------
(m) The Class A Fixed Allocation with respect
to the related Monthly Period................. N/A
----------------
(n) The Class B Fixed Allocation with respect
to the related Monthly Period................. N/A
----------------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period......... N/A
----------------
3. Delinquent Balances
-------------------
The aggregate amount of outstanding balances in the
Accounts which were delinquent as of the end of the
day on the last day of the related Monthly Period:
Aggregate Percentage of
Account Total
Balance Receivables
--------- -------------
(a) 31 - 60 days $107,945,918.78 1.7321%
(b) 61 - 90 days $ 70,392,919.52 1.1295%
(c) 91 - or more days $125,735,557.31 2.0175%
Total....................... $304,074,395.61 4.8791%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 4,818,313.03
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 4,167,840.77
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 265,007.22
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 385,465.04
----------------
5. Investor Charge Offs
--------------------
(a) The aggregate amount of Class A
Investor Charge Offs for the related
Monthly Period................................$ 0.00
----------------
(b) The aggregate amount of Class A
Investor Charge Offs set forth in
5(a) above per $1,000 of original
certificate principal amount..................$ 0.00
----------------
(c) The aggregate amount of Class B
Investor Charge Offs for the related
Monthly Period................................$ 0.00
----------------
(d) The aggregate amount of Class B
Investor Charge Offset forth in 5(c)
above per $1,000 of original
certificate principal amount..................$ 0.00
----------------
(e) The aggregate amount of Collateral
Charge Offs for the related Monthly
Period........................................$ 0.00
----------------
(f) The aggregate amount of Collateral
Charge Offs set forth in 5(e) above
per $1,000 of original certificate
principal amount..............................$ 0.00
----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately preceding
this Distribution Date .......................$ 0.00
----------------
(h) The aggregate amount of Class A
Investor Charge Offs set forth
in 5(g) above per $1,000 original
certificate principal amount
reimbursed on the Transfer Date
immediately preceding this Distribution
Date..........................................$ 0.00
----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date .............$ 0.00
----------------
(j) The aggregate amount of Class B
Investor Charge Offs set forth
in 5(i) above per $1,000 original
certificate principal amount reimbursed
on the Transfer Date immediately
preceding this Distribution Date..............$ 0.00
----------------
(k) The aggregate amount of Collateral
Charge Offs reimbursed on the Transfer
Date immediately preceding this
Distribution Date.............................$ 0.00
----------------
(l) The aggregate amount of Collateral
Charge Offs set forth in 5(k) above
per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
Distribution Date.............................$ 0.00
----------------
6. Investor Servicing Fee
----------------------
(a) The amount of the Class A Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period........................................$ 540,625.00
----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period........................................$ 34,375.00
----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly Period.......$ 50,000.00
----------------
(d) The amount of Servicer Interchange
payable by the Trust to the Servicer
for the related Monthly Period................$ 625,000.00
----------------
7. Reallocations
-------------
(a) The amount of Reallocated Collateral
Principal Collections with respect
to this Distribution Date.....................$ 0.00
----------------
(b) The amount of Reallocated Class B
Principal Collections with respect
to this Distribution Date.....................$ 0.00
----------------
(c) The Collateral Interest as of the
close of business on this Distribution
Date..........................................$ 60,000,000.00
----------------
(d) The Class B Investor Interest as
of the close of business on this
Distribution Date.............................$ 41,250,000.00
----------------
8. Collection of Finance Charge Receivables
----------------------------------------
(a) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in
respect of the Class A Certificates...........$ 10,165,409.15
----------------
(b) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in respect
of the Class B Certificates...................$ 646,355.50
----------------
(c) The aggregate amount of Collections of
Finance Charge Receivables processed
during the related Monthly Period which
were allocated in respect of the
Collateral Interest...........................$ 90,153.45
----------------
9. Principal Funding Account
-------------------------
(a) The principal amount on deposit in the
Principal Funding Account on the
related Transfer Date.........................$ 0.00
----------------
(b) The Accumulation Shortfall with respect
to the related Monthly Period.................$ 0.00
----------------
(c) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date.................................$ 0.00
----------------
(d) The Principal Funding Investment
Shortfall.....................................$ 0.00
----------------
(e) The amount of all or the portion of
the Reserve Draw Amount deposited in
the Finance Charge Account on the
related Transfer Date from the Reserve
Account.......................................$ 0.00
----------------
10. Reserve Draw Amount...............................$ 0.00
------------------- ----------------
11. Available Funds
---------------
(a) The amount of Class A Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 10,165,409.15
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 646,355.50
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 940,153.45
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 12.0938%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 3.5970%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.65625%
----------------
2. Class A Certificate Rate........................... 5.76625%
----------------
Class B Certificate Rate........................... 5.94625%
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: \s\ MARGARET A. SPRUDE
------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
MONTHLY PERIOD ENDING MAY 31, 1998
------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1997-A
1. The aggregate amount of the Investor Percentage
of Collections of Principal Receivables................$ 96,652,974.70
--------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 11,388,244.32
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 988,673.78
--------------
4. The aggregate amount of Servicer Interchange...........$ 625,000.00
--------------
5. The aggregate amount of funds on deposit in
Finance Charge Account allocable to the Series
1997-A Certificates................................... $ 11,751,918.10
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1997-A Certificates...................................$ 96,652,974.70
--------------
7. The aggregate amount of funds on deposit in
the Principal Funding Account allocable to
the Series 1997-A Certificates.........................$ 0.00
--------------
8. The aggregate amount to be withdrawn from the
Finance Charge Account and paid in accordance
with the Loan Agreement pursuant to Section 4.11.......$ 0.00
--------------
9. The excess, if any, of the Required Collateral
Interest over the Collateral Interest..................$ 0.00
--------------
10. The Collateral Interest on the Transfer Date
of the current calendar month, after giving
effect to the deposits and withdrawals specified
above, is equal to.....................................$ 60,000,000.00
--------------
11. The amount of Monthly Interest, Deficiency
Amounts and Additional Interest payable to the
(i) Class A Certificateholders.........................$ 3,221,291.54
--------------
(ii) Class B Certificateholders.........................$ 211,215.76
--------------
(iii)Collateral Interest Holder.........................$ 315,489.58
--------------
12. The amount of principal payable to the
(i) Class A Certificateholders.........................$ 0.00
--------------
(ii) Class B Certificateholders.........................$ 0.00
--------------
(iii)Collateral Interest Holder.........................$ 0.00
--------------
13. The sum of all amounts payable to the
(i) Class A Certificateholders.........................$ 3,221,291.54
--------------
(ii) Class B Certificateholders ........................$ 211,215.76
--------------
(iii)Collateral Interest Holder.........................$ 315,489.58
--------------
14. To the knowledge of the undersigned, no Series
1997-A Pay Out Event or Trust Pay Out Event
has occurred except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Certificate this 10th day of JUNE, 1998.
---- ----------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
--------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERVICER'S CERTIFICATE
------------------------------
(This represents Series 1997-A only)
Monthly Period Ending MAY 31, 1998
------------
Bank of America National Association
------------------------------------
BA MASTER CREDIT CARD TRUST
---------------------------
1. Capitalized terms used in this Certificate have their
respective meanings set forth in the Pooling and Servicing Agreement; provided,
--------
that the "preceding Monthly Period" shall mean the Monthly Period immediately
preceding the calendar month in which this Certificate is delivered. This
Certificate is delivered pursuant to subsection 3.04 (b) of the Pooling and
Servicing Agreement. References herein to certain sections and subsections are
references to the respective sections and subsections of the Pooling and
Servicing Agreement.
2. Bank of America National Association is Servicer under the
Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination Date under
the Pooling and Servicing Agreement.
5. The aggregate amount of Collections
processed during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$889,794,164.53
--------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to......................................$103,762,926.58
--------------
7. The Aggregate Investor Percentage of
Collections of Finance Charge Receivables processed by the
Servicer during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$ 11,196,308.28
--------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period..................................$858,041,235.22
--------------
9. Of the balance on deposit in the
Finance Charge Account, the amount attributable to
the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period ..........................................................$ 12,376,918.10
--------------
10. Of the balance on deposit in the
Principal Account, the amount attributable to the
Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period...........................................................$ 96,652,974.70
--------------
11. The aggregate amount, if any, of
withdrawals, drawings or payments under any Credit
Enhancement, if any, required to be made with respect to
any Series outstanding for the preceding Monthly Period..........$ 0.00
--------------
12. The Aggregate Investor Percentage
of Collections of Principal Receivables processed
by the Servicer during the related Monthly Period is
equal to.........................................................$ 96,652,974.70
--------------
13. The amount equal to the Aggregate
Investor Percentage of Annual Membership Fees deposited
to the Finance Charge Account or any Series Account on
or before the Transfer Date during the current month is
equal to.........................................................$ 191,936.04
--------------
14. The aggregate amount of Interchange
to be deposited in the Finance Charge Account on the
Transfer Date of the current month is equal to...................$ 988,673.78
--------------
15. The aggregate amount of all sums
payable to the Investor Certificateholder of each Series
on the succeeding Distribution Date with respect to
Certificate Principal............................................$ 0.00
--------------
16. The aggregate amount of all sums
payable to the Investor Certificateholder of each
Series on the succeeding Distribution Date with respect
to Certificate Interest..........................................$ 3,747,996.88
--------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.........................$ 39,843,818.98
--------------
18. To the knowledge of the undersigned, there are no Liens on
any Receivables in the Trust except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this certificate this 10th day of JUNE, 1998.
---- ---------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
-----------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERIES 1998-A CERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1998-A
BANK OF AMERICA NATIONAL ASSOCIATION
- --------------------------------------------------------------------------------
BA MASTER CREDIT CARD TRUST
- --------------------------------------------------------------------------------
The information which is required to be prepared with respect to the
Distribution Date of JUNE 15, 1998, and with respect to the performance of the
-------------
Trust during the related Monthly Period.
Capitalized terms used in this Statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Monthly Distribution (Stated on the
---------------------------------------------------------------------
Basis of $1,000 Original Certificate Principal Amount)
------------------------------------------------------
1. The amount of the current monthly distribution
in respect of Class A Monthly Principal...........$ 0.00000
----------------
2. The amount of the current monthly distribution
in respect of Class B Monthly Principal...........$ 0.00000
----------------
3. The amount of the current monthly distribution
in respect of Collateral Monthly Principal........$ 0.00000
----------------
4. The amount of the current monthly distribution
in respect of Class A Monthly Interest............$ 4.96538
----------------
5. The amount of the current monthly distribution
in respect of Class A Deficiency Amounts..........$ 0.00000
----------------
6. The amount of the current monthly distribution
in respect of Class A Additional Interest.........$ 0.00000
----------------
7. The amount of the current monthly distribution
in respect of Class B Monthly Interest............$ 5.10316
----------------
8. The amount of the current monthly distribution
in respect of Class B Deficiency Amounts..........$ 0.00000
----------------
9. The amount of the current monthly distribution
in respect of Class B Additional Interest.........$ 0.00000
----------------
10. The amount of the current monthly distribution
in respect of Collateral Monthly Interest.........$ 5.30122
----------------
11. The amount of the current monthly distribution
in respect of any accrued and unpaid Collateral
Monthly Interest..................................$ 0.00000
----------------
B. Information Regarding the Performance of the Trust
1. Collection of Principal Receivables
(a) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class A
Certificates..................................$ 83,604,823.11
----------------
(b) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class B
Certificates..................................$ 5,315,913.60
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 7,732,237.99
----------------
2. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the end
of the day on the last day of the
related Monthly Period........................$6,128,013,086.85
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1997-A as of the end
of the day on the last day of the related
Monthly Period................................$ 750,000,000.00
----------------
(c) The amount of Principal Receivables in
the Trust represented by the Series
1997-A Adjusted Investor Interest as of
the end of day on the last day of the
related Monthly Period.......... .............$ 750,000,000.00
----------------
(d) The amount of Principal Receivables in
the Trust represented by the Class A
Investor Interest as of the end of the
day on the last day of the related
Monthly Period................................$ 648,750,000.00
----------------
(e) The amount of Principal Receivables in
the Trust represented by the Class A
Adjusted Investor Interest as of the end
of day on the last day of the related
Monthly Period................................$ 648,750,000.00
----------------
(f) The amount of Principal Receivables in
the Trust represented by the Class B
Investor Interest as of the end of the
day on the last day of the related
Monthly Period................................$ 41,250,000.00
----------------
(g) The amount of Principal Receivables in
the Trust represented by the Collateral
Interest as of the end of the day on the
last day of the related Monthly Period........$ 60,000,000.00
----------------
(h) The Floating Investor Percentage with
respect to the related Monthly Period......... 12.0930%
----------------
(i) The Class A Floating Allocation with
respect to the related Monthly Period......... 86.50%
----------------
(j) The Class B Floating Allocation with
respect to the related Monthly Period......... 5.50%
----------------
(k) The Collateral Floating Allocation with
respect to the related Monthly Period......... 8.00%
----------------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period......... N/A
----------------
(m) The Class A Fixed Allocation with respect
to the related Monthly Period................. N/A
----------------
(n) The Class B Fixed Allocation with respect
to the related Monthly Period................. N/A
----------------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period......... N/A
----------------
3. Delinquent Balances
-------------------
The aggregate amount of outstanding balances in the
Accounts which were delinquent as of the end of the
day on the last day of the related Monthly Period:
Aggregate Percentage of
Account Total
Balance Receivables
--------- -------------
(a) 31 - 60 days $107,945,918.78 1.7321%
(b) 61 - 90 days $ 70,392,919.52 1.1295%
(c) 91 - or more days $125,735,557.31 2.0175%
Total....................... $304,074,395.61 4.8791%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 4,818,313.03
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 4,167,840.77
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 265,007.22
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 385,465.04
----------------
5. Investor Charge Offs
--------------------
(a) The aggregate amount of Class A
Investor Charge Offs for the related
Monthly Period................................$ 0.00
----------------
(b) The aggregate amount of Class A
Investor Charge Offs set forth in
5(a) above per $1,000 of original
certificate principal amount..................$ 0.00
----------------
(c) The aggregate amount of Class B
Investor Charge Offs for the related
Monthly Period................................$ 0.00
----------------
(d) The aggregate amount of Class B
Investor Charge Offset forth in 5(c)
above per $1,000 of original
certificate principal amount..................$ 0.00
----------------
(e) The aggregate amount of Collateral
Charge Offs for the related Monthly
Period........................................$ 0.00
----------------
(f) The aggregate amount of Collateral
Charge Offs set forth in 5(e) above
per $1,000 of original certificate
principal amount..............................$ 0.00
----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately preceding
this Distribution Date .......................$ 0.00
----------------
(h) The aggregate amount of Class A
Investor Charge Offs set forth
in 5(g) above per $1,000 original
certificate principal amount
reimbursed on the Transfer Date
immediately preceding this Distribution
Date..........................................$ 0.00
----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date .............$ 0.00
----------------
(j) The aggregate amount of Class B
Investor Charge Offs set forth
in 5(i) above per $1,000 original
certificate principal amount reimbursed
on the Transfer Date immediately
preceding this Distribution Date..............$ 0.00
----------------
(k) The aggregate amount of Collateral
Charge Offs reimbursed on the Transfer
Date immediately preceding this
Distribution Date.............................$ 0.00
----------------
(l) The aggregate amount of Collateral
Charge Offs set forth in 5(k) above
per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
Distribution Date.............................$ 0.00
----------------
6. Investor Servicing Fee
----------------------
(a) The amount of the Class A Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period........................................$ 540,625.00
----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period........................................$ 34,375.00
----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly Period.......$ 50,000.00
----------------
(d) The amount of Servicer Interchange
payable by the Trust to the Servicer
for the related Monthly Period................$ 625,000.00
----------------
7. Reallocations
-------------
(a) The amount of Reallocated Collateral
Principal Collections with respect
to this Distribution Date.....................$ 0.00
----------------
(b) The amount of Reallocated Class B
Principal Collections with respect
to this Distribution Date.....................$ 0.00
----------------
(c) The Collateral Interest as of the
close of business on this Distribution
Date..........................................$ 60,000,000.00
----------------
(d) The Class B Investor Interest as
of the close of business on this
Distribution Date.............................$ 41,250,000.00
----------------
8. Collection of Finance Charge Receivables
----------------------------------------
(a) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in
respect of the Class A Certificates...........$ 10,165,409.15
----------------
(b) The aggregate amount of Collections
of Finance Charge Receivables
processed during the related Monthly
Period which were allocated in respect
of the Class B Certificates...................$ 646,355.50
----------------
(c) The aggregate amount of Collections of
Finance Charge Receivables processed
during the related Monthly Period which
were allocated in respect of the
Collateral Interest...........................$ 940,153.45
----------------
9. Principal Funding Account
-------------------------
(a) The principal amount on deposit in the
Principal Funding Account on the
related Transfer Date.........................$ 0.00
----------------
(b) The Accumulation Shortfall with respect
to the related Monthly Period.................$ 0.00
----------------
(c) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date.................................$ 0.00
----------------
(d) The Principal Funding Investment
Shortfall.....................................$ 0.00
----------------
(e) The amount of all or the portion of
the Reserve Draw Amount deposited in
the Finance Charge Account on the
related Transfer Date from the Reserve
Account.......................................$ 0.00
----------------
10. Reserve Draw Amount...............................$ 0.00
------------------- ----------------
11. Available Funds
---------------
(a) The amount of Class A Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 10,165,409.15
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 646,355.50
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 940,153.45
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 12.0938%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 3.5940%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.65625%
----------------
2. Class A Certificate Rate........................... 5.76625%
----------------
Class B Certificate Rate........................... 5.92625%
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: \s\ MARGARET A. SPRUDE
------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
MONTHLY PERIOD ENDING MAY 31, 1998
------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1998-A
1. The aggregate amount of the Investor Percentage
of Collections of Principal Receivables................$ 96,652,974.70
--------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 11,388,244.32
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 988,673.78
--------------
4. The aggregate amount of Servicer Interchange...........$ 625,000.00
--------------
5. The aggregate amount of funds on deposit in
Finance Charge Account allocable to the Series
1998-A Certificates................................... $ 11,751,918.10
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1998-A Certificates...................................$ 96,652,974.70
--------------
7. The aggregate amount of funds on deposit in
the Principal Funding Account allocable to
the Series 1998-A Certificates.........................$ 0.00
--------------
8. The aggregate amount to be withdrawn from the
Finance Charge Account and paid in accordance
with the Loan Agreement pursuant to Section 4.11.......$ 0.00
--------------
9. The excess, if any, of the Required Collateral
Interest over the Collateral Interest..................$ 0.00
--------------
10. The Collateral Interest on the Transfer Date
of the current calendar month, after giving
effect to the deposits and withdrawals specified
above, is equal to.....................................$ 60,000,000.00
--------------
11. The amount of Monthly Interest, Deficiency
Amounts and Additional Interest payable to the
(i) Class A Certificateholders.........................$ 3,221,291.54
--------------
(ii) Class B Certificateholders.........................$ 210,505.34
--------------
(iii)Collateral Interest Holder.........................$ 318,072.92
--------------
12. The amount of principal payable to the
(i) Class A Certificateholders.........................$ 0.00
--------------
(ii) Class B Certificateholders.........................$ 0.00
--------------
(iii)Collateral Interest Holder.........................$ 0.00
--------------
13. The sum of all amounts payable to the
(i) Class A Certificateholders.........................$ 3,221,291.54
--------------
(ii) Class B Certificateholders ........................$ 210,505.34
--------------
(iii)Collateral Interest Holder.........................$ 318,072.92
--------------
14. To the knowledge of the undersigned, no Series
1998-A Pay Out Event or Trust Pay Out Event
has occurred except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Certificate this 10th day of JUNE, 1998.
---- ----------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
--------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERVICER'S CERTIFICATE
------------------------------
(This represents Series 1998-A only)
Monthly Period Ending MAY 31, 1998
------------
Bank of America National Association
------------------------------------
BA MASTER CREDIT CARD TRUST
---------------------------
1. Capitalized terms used in this Certificate have their
respective meanings set forth in the Pooling and Servicing Agreement; provided,
--------
that the "preceding Monthly Period" shall mean the Monthly Period immediately
preceding the calendar month in which this Certificate is delivered. This
Certificate is delivered pursuant to subsection 3.04 (b) of the Pooling and
Servicing Agreement. References herein to certain sections and subsections are
references to the respective sections and subsections of the Pooling and
Servicing Agreement.
2. Bank of America National Association is Servicer under the
Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination Date under
the Pooling and Servicing Agreement.
5. The aggregate amount of Collections
processed during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$888,794,164.53
--------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to......................................$103,762,926.58
--------------
7. The Aggregate Investor Percentage of
Collections of Finance Charge Receivables processed by the
Servicer during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$ 11,196,308.28
--------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period..................................$858,041,235.22
--------------
9. Of the balance on deposit in the
Finance Charge Account, the amount attributable to
the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period ..........................................................$ 12,376,918.10
--------------
10. Of the balance on deposit in the
Principal Account, the amount attributable to the
Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period...........................................................$ 96,652,974.70
--------------
11. The aggregate amount, if any, of
withdrawals, drawings or payments under any Credit
Enhancement, if any, required to be made with respect to
any Series outstanding for the preceding Monthly Period..........$ 0.00
--------------
12. The Aggregate Investor Percentage
of Collections of Principal Receivables processed
by the Servicer during the related Monthly Period is
equal to.........................................................$ 96,652,974.70
--------------
13. The amount equal to the Aggregate
Investor Percentage of Annual Membership Fees deposited
to the Finance Charge Account or any Series Account on
or before the Transfer Date during the current month is
equal to.........................................................$ 191,936.04
--------------
14. The aggregate amount of Interchange
to be deposited in the Finance Charge Account on the
Transfer Date of the current month is equal to...................$ 988,673.78
--------------
15. The aggregate amount of all sums
payable to the Investor Certificateholder of each Series
on the succeeding Distribution Date with respect to
Certificate Principal............................................$ 0.00
--------------
16. The aggregate amount of all sums
payable to the Investor Certificateholder of each
Series on the succeeding Distribution Date with respect
to Certificate Interest..........................................$ 3,749,869.80
--------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.........................$ 39,843,818.98
--------------
18. To the knowledge of the undersigned, there are no Liens on
any Receivables in the Trust except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this certificate this 10th day of JUNE, 1998.
---- ---------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
-----------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
