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
September 15, 1999
------------------------------------------------
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)
(704) 386-4103
--------------------------------------------------------------------
(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 20.09, 20.10, 20.11,
20.12, 20.13, 20.14, 20.15, 20.16, 20.17, 20.18, 20.19, 20.20, and
20.21.
Exhibit 20.1 SERIES 1996-A - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.2 SERIES 1996-A - Schedule to Monthly Servicers'
Certificate, dated as of August 31, 1999
Exhibit 20.3 SERIES 1996-A - Monthly Servicer's Certificate, dated
as of August 31, 1999
Exhibit 20.4 SERIES 1997-A - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.5 SERIES 1997-A - Schedule to Monthly Servicer's
Certificate, dated as of August 31, 1999
Exhibit 20.6 SERIES 1997-A - Monthly Servicer's Certificate, dated
as of August 31, 1999
Exhibit 20.7 SERIES 1998-A - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.8 SERIES 1998-A - Schedule to Monthly Servicer's
Certificate, dated as of August 31, 1999
Exhibit 20.9 SERIES 1998-A - Monthly Servicer's Certificate, dated
as of August 31, 1999
Exhibit 20.10 SERIES 1998-B - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.11 SERIES 1998-B - Schedule to Monthly Servicer's
Certificate, dated as of August 31, 1999
Exhibit 20.12 SERIES 1998-B - Monthly Servicer's Certificate, dated
as of August 31, 1999
Exhibit 20.13 SERIES 1999-A - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.14 SERIES 1999-A - Schedule to Monthly Servicer's
Certificate, dated as of August 31, 1999
Exhibit 20.15 SERIES 1999-A - Monthly Servicer's Certificate, dated
as of August 31, 1999
Exhibit 20.16 SERIES 1999-B - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.17 SERIES 1999-B - Schedule to Monthly Servicer's
Certificate, dated as of August 31, 1999
Exhibit 20.18 SERIES 1999-B - Monthly Servicer's Certificate, dated
as of August 31, 1999
Exhibit 20.19 SERIES 1999-C - Monthly Certificateholders' Statement,
dated as of August 31, 1999
Exhibit 20.20 SERIES 1999-C - Schedule to Monthly Servicer's
Certificate, dated as of August 31, 1999
Exhibit 20.21 SERIES 1999-C - Monthly Servicer's Certificate, dated
as of August 31, 1999
<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: September 15, 1999
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Exhibit Description
- -------- -------------------
20.1 SERIES 1996-A - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.2 SERIES 1996-A - Schedule to Monthly Servicers' Certificate,
dated as of August 31, 1999
20.3 SERIES 1996-A - Monthly Servicer's Certificate, dated as of
August 31, 1999
20.4 SERIES 1997-A - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.5 SERIES 1997-A - Schedule to Monthly Servicer's Certificate,
dated as of August 31, 1999
20.6 SERIES 1997-A - Monthly Servicer's Certificate, dated as of
August 31, 1999
20.7 SERIES 1998-A - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.8 SERIES 1998-A - Schedule to Monthly Servicer's Certificate,
dated as of August 31, 1999
20.9 SERIES 1998-A - Monthly Servicer's Certificate, dated as of
August 31, 1999
20.10 SERIES 1998-B - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.11 SERIES 1998-B - Schedule to Monthly Servicer's Certificate,
dated as of August 31, 1999
20.12 SERIES 1998-B - Monthly Servicer's Certificate, dated as of
August 31, 1999
20.13 SERIES 1999-A - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.14 SERIES 1999-A - Schedule to Monthly Servicer's Certificate,
dated as of August 31, 1999
20.15 SERIES 1999-A - Monthly Servicer's Certificate, dated as of
August 31, 1999
20.16 SERIES 1999-B - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.17 SERIES 1999-B - Schedule to Monthly Servicer's Certificate,
dated as of August 31, 1999
20.18 SERIES 1999-B - Monthly Servicer's Certificate, dated as of
August 31, 1999
20.19 SERIES 1999-C - Monthly Certificateholders' Statement, dated as
of August 31, 1999
20.20 SERIES 1999-C - Schedule to Monthly Servicer's Certificate,
dated as of August 31, 1999
20.21 SERIES 1999-C - Monthly Servicer's Certificate, dated as of
August 31, 1999
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 September 15, 1999, 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............$ 4.49896
----------------
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............$ 4.63229
----------------
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.........$ 4.72396
----------------
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..................................$ 61,027,583.79
----------------
(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..................................$ 4,639,523.91
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 5,710,183.28
----------------
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........................$9,621,946,661.32
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1996-A as of the end
of the day on the last day of the related
Monthly Period................................$ 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......... 5.1743%
----------------
(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 $ 165,875,889.46 1.6912%
(b) 61 - 90 days $ 98,103,517.56 1.0002%
(c) 91 - or more days $188,709,875.68 1.9240%
Total....................... $452,689,282.70 4.6155%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 2,626,158.12
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 2,245,365.19
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 170,700.28
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 210,092.65
----------------
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...........$ 7,502,907.43
----------------
(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...................$ 570,396.48
----------------
(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...........................$ 702,026.43
----------------
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.................................$ 7,502,907.43
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 570,396.48
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 702,026.43
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 15.7580%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 7.8272%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.26875%
----------------
2. Class A Certificate Rate........................... 5.39875%
----------------
Class B Certificate Rate........................... 5.55875%
----------------
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 AUGUST 31, 1999
----------------
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................$ 71,377,290.98
--------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 7,966,208.02
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 1,225,788.99
--------------
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................................... $ 8,775,330.34
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1996-A Certificates...................................$ 71,377,290.98
--------------
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.........................$ 1,923,304.69
--------------
(ii) Class B Certificateholders.........................$ 150,549.48
--------------
(iii)Collateral Interest Holder.........................$ 188,958.33
-------------
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.........................$ 1,923,304.69
--------------
(ii) Class B Certificateholders ........................$ 150,549.48
--------------
(iii)Collateral Interest Holder.........................$ 188,958.33
--------------
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 9th day of MARCH, 1999.
--------------------------
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 AUGUST 31, 1999
----------------
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)............$ 1,524,727,033.54
-------------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to......................................$ 79,685,139.73
--------------
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)...............$ 7,805,482.31
-------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period................................$1,540,017,774.91
---------------
9. Of the balance on deposit in the
Finance Charge Account, the amount attributable to
the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period ..........................................................$ 9,191,997.01
---------------
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...........................................................$ 71,377,290.98
---------------
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.........................................................$ 71,377,290.98
---------------
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.........................................................$ 160,725.71
--------------
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...................$ 1,225,788.99
--------------
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..........................................$ 2,262,812.50
--------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.........................$ 2,262,812.50
--------------
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 9th day of APRIL, 1999.
--------------------------
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 September 15, 1999, 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............$ 4.48229
----------------
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............$ 4.63229
----------------
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.........$ 4.76563
----------------
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..................................$ 92,612,631.66
----------------
(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..................................$ 5,888,664.44
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 8,565,330.09
--------------
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........................$9,621,946,661.32
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1997-A as of the end
of the day on the last day of the related
Monthly Period................................$ 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......... 7.7615%
----------------
(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 $165,875,889.46 1.6912%
(b) 61 - 90 days $98,103,517.56 1.0002%
(c) 91 - or more days $188,709,875.68 1.9240%
Total....................... $452,689,282.70 4.6155%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 3,939,262.55
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 3,407,462.11
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 216,659.44
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 315,141.00
----------------
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...........$ 11,386,067.95
----------------
(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...................$ 723,969.64
----------------
(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...........................$ 1,053,046.75
----------------
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.................................$ 11,386,067.95
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 723,969.64
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 1,053,046.75
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 15.7580%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 7.8421%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.26875%
----------------
2. Class A Certificate Rate........................... 5.37875%
----------------
Class B Certificate Rate........................... 5.55875%
----------------
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 AUGUST 31, 1999
----------------
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................$107,066,626.19
--------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 11,516,152.64
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 1,838,695.33
--------------
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................................... $ 13,163,084.34
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1997-A Certificates...................................$107,066,626.19
--------------
7. The aggregate amount of funds on deposit in
the Principal Funding Account allocable to
the Series 1997-A Certificates.........................$ 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.........................$ 2,907,886.72
--------------
(ii) Class B Certificateholders.........................$ 191,082.03
--------------
(iii)Collateral Interest Holder.........................$ 285,937.50
--------------
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.........................$ 2,907,886.72
--------------
(ii) Class B Certificateholders ........................$ 191,082.03
--------------
(iii)Collateral Interest Holder.........................$ 285,937.50
--------------
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 7th day of September, 1999.
--------------------------
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 AUGUST 31, 1999
----------------
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).............$1,524,727,033.54
-----------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to......................................$119,528,479.60
--------------
7. The Aggregate Investor Percentage of
Collections of Finance Charge Receivables processed by the
Servicer during the preceding Monthly Period was equal to
(excluding Annual Membership Fees and Interchange)...............$ 11,708,298.89
--------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period................................$1,540,017,774.91
--------------
9. Of the balance on deposit in the
Finance Charge Account, the amount attributable to
the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period .........................................................$ 13,788,084.34
--------------
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...........................................................$107,066,626.19
--------------
11. The aggregate amount, if any, of
withdrawals, drawings or payments under any Credit
Enhancement, if any, required to be made with respect to
any Series outstanding for the preceding Monthly Period..........$ 0.00
--------------
12. The Aggregate Investor Percentage
of Collections of Principal Receivables processed
by the Servicer during the related Monthly Period is
equal to........................................................$ 107,066,626.19
--------------
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.........................................................$ 241,090.12
--------------
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...................$ 1,838,695.33
--------------
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..........................................$ 3,384,906.25
--------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.........................$ 50,753,882.00
--------------
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 7th day of September, 1999.
--------------------------
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 September 15, 1999, 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............$ 4.48229
----------------
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............$ 4.61562
----------------
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.........$ 4.80729
----------------
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..................................$ 92,612,631.66
----------------
(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..................................$ 5,888,664.44
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 8,565,330.09
----------------
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........................$9,621,946,661.32
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1997-A as of the end
of the day on the last day of the related
Monthly Period................................$ 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......... 7.7615%
----------------
(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 $165,875,889.46 1.6912%
(b) 61 - 90 days $98,103,517.56 1.0002%
(c) 91 - or more days $188,709,875.68 1.9240%
Total....................... $452,689,282.70 4.6155%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 3,939,262.55
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 3,407,462.11
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 216,659.44
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 315,141.00
----------------
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...........$ 11,386,067.95
----------------
(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...................$ 723,969.64
----------------
(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...........................$ 1,053,046.75
----------------
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.................................$ 11,386,067.95
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 723,969.64
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 1,053,046.75
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 15.7580%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 7.8392%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.26875%
----------------
2. Class A Certificate Rate........................... 5.37875%
----------------
Class B Certificate Rate........................... 5.53875%
----------------
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 AUGUST 31, 1999
----------------
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...............$ 107,066,626.19
--------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 11,949,389.01
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 1,838,695.33
--------------
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................................... $ 13,163,084.34
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1998-A Certificates..................................$ 107,066,626.19
--------------
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.........................$ 2,907,886.72
--------------
(ii) Class B Certificateholders.........................$ 190,394.53
--------------
(iii)Collateral Interest Holder.........................$ 288,437.50
--------------
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.........................$ 2,907,886.72
--------------
(ii) Class B Certificateholders ........................$ 190,394.53
--------------
(iii)Collateral Interest Holder.........................$ 288,437.50
--------------
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 7th day of September, 1999.
--------------------------
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 AUGUST 31, 1999
----------------
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)............$ 1,524,727,033.54
--------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to.....................................$ 119,528,479.60
--------------
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)...............$ 11,708,298.89
--------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period................................$1,540,017,774.91
--------------
9. Of the balance on deposit in the
Finance Charge Account, the amount attributable to
the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period ..........................................................$ 13,788,084.34
--------------
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..........................................................$ 107,066,626.19
--------------
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........................................................$ 107,066,626.19
--------------
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.........................................................$ 241,090.12
--------------
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...................$ 1,838,695.33
--------------
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..........................................$ 3,386,718.75
--------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.........................$ 50,753,882.00
--------------
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 7th day of September, 1999.
--------------------------
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-B CERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1998-B
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 September 15, 1999, 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............$ 4.49063
----------------
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............$ 4.62396
----------------
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.........$ 4.86979
----------------
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..................................$ 92,612,631.66
----------------
(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..................................$ 5,888,664.44
----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest......................................$ 8,565,330.09
----------------
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........................$9,621,946,661.32
----------------
(b) The amount of Principal Receivables in
the Trust represented by the Investor
Interest of Series 1997-A as of the end
of the day on the last day of the related
Monthly Period................................$ 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......... 7.7615%
----------------
(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 $165,875,889.46 1.6912%
(b) 61 - 90 days $ 98,103,517.56 1.0002%
(c) 91 - or more days $188,709,875.68 1.9240%
Total....................... $452,689,282.70 4.6155%
4. Investor Default Amount
-----------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period................$ 3,939,262.55
----------------
(b) The Class A Investor Default Amount
for the related Monthly Period................$ 3,407,462.11
----------------
(c) The Class B Investor Default Amount
for the related Monthly Period................$ 216,659.44
----------------
(d) The Collateral Default Amount for
the related Monthly Period....................$ 315,141.00
----------------
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...........$ 11,386,067.95
----------------
(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...................$ 723,969.64
----------------
(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...........................$ 1,053,046.75
----------------
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.................................$ 11,386,067.95
----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 723,969.64
----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date.................................$ 1,053,046.75
----------------
12. Portfolio Yield
---------------
(a) The Portfolio Yield (Net) for the
related Monthly Period........................ 15.7580%
----------------
(b) The Portfolio Adjusted Yield for
the related Monthly Period.................... 7.8240%
----------------
C. Floating Rate Determinations
----------------------------
1. LIBOR for the Interest Period ending on
this Distribution Date............................. 5.26875%
----------------
Class A Certificate Rate.......................... 5.38875%
----------------
Class B Certificate Rate.......................... 5.54875%
----------------
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 AUGUST 31, 1999
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1998-B
1. The aggregate amount of the Investor Percentage
of Collections of Principal Receivables.............. $107,066,626.19
---------------
2. The aggregate amount of the Investor Percentage
of Collections of Finance Charge Receivables
(excluding Interchange)................................$ 11,949,389.01
--------------
3. The aggregate amount of the Investor Percentage
of Interchange.........................................$ 1,838,695.33
--------------
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................................... $ 13,163,084.34
--------------
6. The aggregate amount of funds on deposit in
the Principal Account allocable to the Series
1998-A Certificates..................................$ 107,066,626.19
--------------
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.........................$ 2,913,292.97
--------------
(ii) Class B Certificateholders.........................$ 190,738.28
--------------
(iii)Collateral Interest Holder.........................$ 292,187.50
--------------
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.........................$ 2,913,292.97
--------------
(ii) Class B Certificateholders ........................$ 190,738.28
--------------
(iii)Collateral Interest Holder.........................$ 292,187.50
--------------
14. To the knowledge of the undersigned, no Series
1998-B 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 7th day of September, 1999.
--------------------------
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-B only)
Monthly Period Ending AUGUST 31, 1999
----------------
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)............$ 1,524,737,033.54
----------------
6. The Aggregate Investor Percentage of
Receivables processed by the Servicer during the preceding
Monthly Period was equal to....................................$ 119,528,479.60
----------------
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).............$ 11,708,298.89
----------------
8. The aggregate amount of Receivables
processed by the Servicer as of the end of the last day
of the preceding Monthly Period..............................$ 1,540,017,774.91
----------------
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 ........................................................$ 13,788,084.34
----------------
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.........................................................$ 107,066,626.19
----------------
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.......................................................$ 107,066,626.19
----------------
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.......................................................$ 241,090.12
----------------
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.................$ 1,838,695.33
----------------
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........................................$ 3,396,218.75
----------------
17. The aggregate amount of Default
Amounts processed by the Servicer as of the end of the
last day of the preceding Monthly Period.......................$ 50,753,882.00
----------------
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 7th day of September, 1999.
--------------------------
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
-----------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERIES 1999-A CERTIFICATEHOLDERS' STATEMENT
SERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1999-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 SEPTEMBER 15, 1999, 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 $ 4.52396
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 $ 4.69063
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 $ 4.99063
11. The amount of the current monthly distribution in respect of any accrued
and unpaid Collateral Minimum 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 $ 61,741,356.70
(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 $ 3,925,751.00
(c) The aggregate amount of Collections of Principal Receivables processed
during the related Monthly Period which were allocated in respect of the Excess
Collateral $ 5,710,183.28
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 $ 9,621,946,661.32
(b) The amount of Principal Receivables in the Trust represented by the Investor
Interest of Series 1999-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
1999-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 $ 432,500,000.00
(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 $ 432,500,000.00
(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 $ 27,500,000.00
(g) The amount of Principal Receivables in the Trust represented by the Class B
Adjusted Interest as of the end of the day on the last day of the related
Monthly Period $ 27,500,000.00
(h) The amount of Principal Receivables in the Trust represented by the
Collateral Interest Amount as of the end of the day on the last day of the
related Monthly Period................. $ 40,000,000.00
(i) The amount of Principal Receivables in the Trust represented by the
Collateral Interest Adjusted Amount as of the end of the day on the last day of
the related Monthly Period............ $ 40,000,000.00
(j) The Floating Investor Percentage with respect to the related Monthly Period
5.1743%
(k) The Class A Floating Allocation with respect to the related Monthly Period
86.50%
(l) The Class B Floating Allocation with respect to the related Monthly Period
5.50%
(m) The Collateral Floating Allocation with respect to the related Monthly
Period 8.00%
(n) The Fixed Investor Percentage with respect to the related Monthly Period N/A
(o) The Class A Fixed Allocation with respect to the related Monthly Period N/A
(p) The Class B Fixed Allocation with respect to the related Monthly Period N/A
(q) 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 $ 165,875,889.46 1.6912%
(b) 61 - 90 days $ 98,103,517.56 1.0002%
(c) 91 - or more days $ 188,709,875.68 1.9240%
Total $ 452,689,282.70 4.6155%
4. Investor Default Amount
(a) The Aggregate Investor Default Amount for the related Monthly Period
$ 2,626,158.12
(b) The Class A Investor Default Amount for the related Monthly Period
$2,271,626.77
(c) The Class B Investor Default Amount for the related Monthly Period
$144,438.70
(d) The Collateral Default Amount for the related Monthly Period
$210,092.65
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 $ 270,312.50
(b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer
for the related Monthly Period $ 17,187.50
(c) The amount of the Collateral Servicing Fee payable by the Trust to the
Servicer for the related Monthly Period $ 25,000.00
(d) The amount of Servicer Interchange payable by the Trust to the Servicer for
the related Monthly Period $ 520,833.33
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 Collateral Interest Adjusted Amount as of the close of business on this
Distribution Date.................. $ 40,000,000.00
(e) The Class B Investor Interest as of the close of business on this
Distribution Date $ 27,500,000.00
(f) The Class B Adjusted Investor Interest as of the close of business on this
Distribution Date $ 27,500,000.00
(g) The Class A Investor Interest as of the close of business on this
Distribution Date $ 432,500,000.00
(h) The Class A Adjusted Investor Interest as of the close of business on this
Distribution Date $ 432,500,000.00
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$ 7,500,556.59
(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 $ 476,913.99
(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 $ 693,693.10
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 to be treated as Class A Available
Funds $ 0.00
(d) The Principal Funding Investment Proceeds deposited in the Finance Charge
Account on the related Transfer Date to be treated as Class B Available
Funds $ 0.00
10. Reserve Account
(a) Reserve Draw Amount $ 0.00
(b) 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
11. Available Funds
(a) The amount of Class A Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 7,500,556.59
(b) The amount of Class B Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 476,913.99
(c) The amount of Collateral Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 693,693.10
12. Portfolio Yield
(a) The Portfolio Yield (Note that this amount is calculated on a net basis)
for the related Monthly Period 15.7580%
(b) The Portfolio Adjusted Yield for the related Monthly Period 7.7722%
C. Floating Rate Determinations
1. LIBOR for the Interest Period ending on this Distribution Date 5.26875%
Class A Certificate Rate 5.42875%
Class B Certificate Rate 5.62875%
BANK OF AMERICA, NATIONAL
ASSOCIATION (USA),
(formerly known as 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 AUGUST 31, 1999
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1999-A
1. The aggregate amount of the Investor Percentage of Collections of Principal
Receivables $ 71,377,290.98
2. The aggregate amount of the Investor Percentage of Collections of Finance
Charge Receivables (excluding Interchange) $ 7,966,208.02
3. The aggregate amount of the Investor Percentage of Interchange $1,225,788.99
4. The aggregate amount of Servicer Interchange $ 520,833.33
5. The aggregate amount of funds on deposit in Finance Charge Account allocable
to the Series 1999-A Certificates . $ 8,671,163.68
6. The aggregate amount of funds on deposit in the Principal Account allocable
to the Series 1999-A Certificates $ 71,377,290.98
7. The aggregate amount of funds on deposit in the Principal Funding Account
allocable to the Series 1999-A Certificates $ 0.00
8. The aggregate amount to be withdrawn from the Finance Charge Account
pursuant to Section 4.11 and distributed to the Collateral Interest Holder
in accordance with subsection 5.01 (c) $ 0.00
9. 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
10. The amount of Monthly Interest, Deficiency Amounts and Additional Interest
payable to the
(i) Class A Certificateholders $ 1,956,611.98
(ii) Class B Certificateholders $ 128,992.19
(iii) Collateral Interest Holder $ 199,625.00
11. 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
12. The sum of all amounts payable to the
(i) Class A Certificateholders $ 1,956,611.98
(ii) Class B Certificateholders $ 128,992.19
(iii) Collateral Interest Holder $ 199,625.00
13. To the knowledge of the undersigned, no Series 1999-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 7th day of September, 1999.
BANK OF AMERICA, NATIONAL
ASSOCIATION (USA),
(formerly known as 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 1999-A only)
Monthly Period Ending AUGUST 31, 1999
----------------
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 (USA) 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) $ 1,524,727,033.54
6. The Aggregate Investor Percentage of Receivables processed by the Servicer
during the preceding Monthly Period was equal to $ 79,685,139.73
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) $ 7,805,482.31
8. The aggregate amount of Receivables processed by the Servicer as of the end
of the last day of the preceding Monthly Period $ 1,540,017,774.91
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 $ 9,191,497.01
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 $ 71,377,290.98
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
$ 71,377,290.98
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 $ 160,725.71
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 $ 1,225,788.99
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 $ 2,285,229.17
17. The aggregate amount of Default Amounts processed by the Servicer as of the
end of the last day of the preceding Monthly Period $ 50,753,882.00
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 7th day of September, 1999.
BANK OF AMERICA, NATIONAL ASSOCIATION (USA),
(formerly known as Bank of America National Association)
Transferor and Servicer
By: /s/ Margaret A. Sprude
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERIES 1999-B CERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1999-B
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 September 15, 1999, 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 $ 7.32868
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 $ 7.66896
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 $ 8.30868
11. The amount of the current monthly distribution in respect of any accrued and
unpaid Collateral Minimum 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 $ 138,437,803.24
(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 $ 8,802,403.67
(c) The aggregate amount of Collections of Principal Receivables processed
during the related Monthly Period which were allocated in respect of the
Excess Collateral $ 12,803,496.27
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 $ 9,621,946,661.32
(b) The amount of Principal Receivables in the Trust represented by the Investor
Interest of Series 1999-B as of the end of the day on the last day of the
related Monthly Period $ 1,000,000,000.00
(c) The amount of Principal Receivables in the Trust represented by the Series
1999-B Adjusted Investor Interest as of the end of day on the last day of
the related Monthly Period $ 1,000,000,000.00
(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 $ 865,000,000.00
(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 $ 865,000,000.00
(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 $ 55,000,000.00
(g) The amount of Principal Receivables in the Trust represented by the Class B
Adjusted Interest as of the end of the day on the last day of the related
Monthly Period $ 55,000,000.00
(h) The amount of Principal Receivables in the Trust represented by the
Collateral Interest Amount as of the end of the day on the last day of the
related Monthly Period................. $ 80,000,000.00
(i) The amount of Principal Receivables in the Trust represented by the
Collateral Interest Adjusted Amount as of the end of the day on the last day
of the related Monthly Period............ $ 80,000,000.00
(j) The Floating Investor Percentage with respect to the related Monthly Period
10.3226%
(k) The Class A Floating Allocation with respect to the related Monthly Period
86.50%
(l) The Class B Floating Allocation with respect to the related Monthly Period
5.50%
(m) The Collateral Floating Allocation with respect to the related Monthly
Period 8.00%
(n) The Fixed Investor Percentage with respect to the related Monthly Period N/A
(o) The Class A Fixed Allocation with respect to the related Monthly Period N/A
(p) The Class B Fixed Allocation with respect to the related Monthly Period N/A
(q) 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 $ 165,875,889.46 1.6912%
(b) 61 - 90 days $ 98,103,517.56 1.0002%
(c) 91 - or more days $ 188,709,875.68 1.9240%
Total $ 452,689,282.70 4.6155%
4. Investor Default Amount
(a) The Aggregate Investor Default Amount for the related Monthly Period
$ 5,365,273.77
(b) The Class A Investor Default Amount for the related Monthly Period
$ 4,640,961.81
(c) The Class B Investor Default Amount for the related Monthly Period
$ 295,090.05
(d) The Collateral Default Amount for the related Monthly Period $ 429,221.91
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 $ 630,729.17
(b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer
for the related Monthly Period $ 40,104.17
(c) The amount of the Collateral Servicing Fee payable by the Trust to the
Servicer for the related Monthly Period $ 58,333.33
(d) The amount of Servicer Interchange payable by the Trust to the Servicer for
the related Monthly Period $ 1,215,277.78
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 $ 80,000,000.00
(d) The Collateral Interest Adjusted Amount as of the close of business on this
Distribution Date.................. $ 80,000,000.00
(e) The Class B Investor Interest as of the close of business on this
Distribution Date $ 55,000,000.00
(f) The Class B Adjusted Investor Interest as of the close of business on this
Distribution Date $ 55,000,000.00
(g) The Class A Investor Interest as of the close of business on this
Distribution Date $ 865,000,000.00
(h) The Class A Adjusted Investor Interest as of the close of business on this
Distribution Date $ 865,000,000.00
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 $ 16,305,332.14
(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 $ 1,036,755.22
(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 $ 1,508,007.60
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
ccount on the related Transfer Date to be treated as Class A Available Funds
$ 0.00
(d) The Principal Funding Investment Proceeds deposited in the Finance Charge
Account on the related Transfer Date to be treated as Class B Available Funds
$ 0.00
10. Reserve Account
(a) Reserve Draw Amount $ 0.00
(b) 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
11. Available Funds
(a) The amount of Class A Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 16,305,332.14
(b) The amount of Class B Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 1,036,755.22
(c) The amount of Collateral Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 1,508,007.60
12. Portfolio Yield
(a) The Portfolio Yield (Note that this amount is calculated on a net basis) for
the related Monthly Period 15.1201%
(b) The Portfolio Adjusted Yield for the related Monthly Period 4.9816%
C. Floating Rate Determinations
1. LIBOR for the Interest Period ending on this Distribution Date 5.26875%
Class A Certificate Rate 5.41875%
Class B Certificate Rate 5.66875%
BANK OF AMERICA, NATIONAL
ASSOCIATION (USA),
(formerly known as 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 AUGUST 31, 1999
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1999-B
1. The aggregate amount of the Investor Percentage of Collections of Principal
Receivables $ 160,043,703.18
2. The aggregate amount of the Investor Percentage of Collections of Finance
Charge Receivables (excluding Interchange) $ 17,613,794.75
3. The aggregate amount of the Investor Percentage of Interchange $2,451,577.99
4. The aggregate amount of Servicer Interchange $ 1,215,277.78
5. The aggregate amount of funds on deposit in Finance Charge Account allocable
to the Series 1999-B Certificates . $ 18,850,094.96
6. The aggregate amount of funds on deposit in the Principal Account allocable
to the Series 1999-B Certificates $ 160,043,703.18
7. The aggregate amount of funds on deposit in the Principal Funding Account
allocable to the Series 1999-B Certificates $ 0.00
8. The aggregate amount to be withdrawn from the Finance Charge Account
pursuant to Section 4.11 and distributed to the Collateral Interest Holder
in accordance with subsection 5.01 (c) $ 0.00
9. 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 $ 80,000,000.00
10. The amount of Monthly Interest, Deficiency Amounts and Additional Interest
payable to the
(i) Class A Certificateholders $ 6,339,308.69
(ii) Class B Certificateholders $ 421,792.71
(iii) Collateral Interest Holder $ 664,694.44
11. 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
12. The sum of all amounts payable to the
(i) Class A Certificateholders $ 6,339,308.69
(ii) Class B Certificateholders $ 421,792.71
(iii) Collateral Interest Holder $ 664,694.44
13. To the knowledge of the undersigned, no Series 1999-B 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 7th day of September, 1999.
BANK OF AMERICA, NATIONAL
ASSOCIATION (USA),
(formerly known as 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 1999-B only)
Monthly Period Ending AUGUST 31, 1999
----------------
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 (USA) 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)
$ 1,708,277,067.60
6. The Aggregate Investor Percentage of Receivables processed by the Servicer
during the preceding Monthly Period was equal to $ 174,318,891.32
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)
$ 17,268,979.20
8. The aggregate amount of Receivables processed by the Servicer as of the end
of the last day of the preceding Monthly Period $ 1,684,832,180.86
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 $ 20,064,872.74
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 $ 160,043,703.18
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
$ 160,043,703.18
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 $ 344,815.55
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 $ 2,451,577.99
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 $ 7,425,795.84
17. The aggregate amount of Default Amounts processed by the Servicer as of the
end of the last day of the preceding Monthly Period $ 51,848,156.13
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 7th day of September, 1999.
BANK OF AMERICA, NATIONAL ASSOCIATION (USA),
(formerly known as Bank of America National Association)
Transferor and Servicer
By: /s/ Margaret A. Sprude
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
MONTHLY SERIES 1999-C CERTIFICATEHOLDERS' STATEMENT
---------------------------------------------------
Series 1999-C
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 September 15, 1999, 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 $ 7.46479
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 $ 7.80507
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 $ 8.52646
11. The amount of the current monthly distribution in respect of any accrued and
unpaid Collateral Minimum 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 $ 69,218,901.63
(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 $ 4,401,201.83
(c) The aggregate amount of Collections of Principal Receivables processed
during the related Monthly Period which were allocated in respect of the
Excess Collateral $ 6,401,748.13
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 $ 9,621,946,661.32
(b) The amount of Principal Receivables in the Trust represented by the Investor
Interest of Series 1999-C 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
1999-C 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 $ 432,500,000.00
(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 $ 432,500,000.00
(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 $ 27,500,000.00
(g) The amount of Principal Receivables in the Trust represented by the Class B
Adjusted Interest as of the end of the day on the last day of the related
Monthly Period $ 27,500,000.00
(h) The amount of Principal Receivables in the Trust represented by the
Collateral Interest Amount as of the end of the day on the last day of the
related Monthly Period................. $ 40,000,000.00
(i) The amount of Principal Receivables in the Trust represented by the
Collateral Interest Adjusted Amount as of the end of the day on the last day of
the related Monthly Period............ $ 40,000,000.00
(j) The Floating Investor Percentage with respect to the related Monthly Period
5.1613%
(k) The Class A Floating Allocation with respect to the related Monthly Period
86.50%
(l) The Class B Floating Allocation with respect to the related Monthly Period
5.50%
(m) The Collateral Floating Allocation with respect to the related Monthly
Period 8.00%
(n) The Fixed Investor Percentage with respect to the related Monthly Period N/A
(o) The Class A Fixed Allocation with respect to the related Monthly Period N/A
(p) The Class B Fixed Allocation with respect to the related Monthly Period N/A
(q) 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 $ 165,875,889.46 1.6912%
(b) 61 - 90 days $ 98,103,517.56 1.0002%
(c) 91 - or more days $ 188,709,875.68 1.9240%
Total $ 452,689,282.70 4.6155%
4. Investor Default Amount
(a) The Aggregate Investor Default Amount for the related Monthly Period
$ 2,682,636.89
(b) The Class A Investor Default Amount for the related Monthly Period
$ 2,320,480.91
(c) The Class B Investor Default Amount for the related Monthly Period
$ 147,545.03
(d) The Collateral Default Amount for the related Monthly Period $ 214,610.95
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 $ 315,364.58
(b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer
for the related Monthly Period $ 20,052.08
(c) The amount of the Collateral Servicing Fee payable by the Trust to the
Servicer for the related Monthly Period $ 29,166.67
(d) The amount of Servicer Interchange payable by the Trust to the Servicer for
the related Monthly Period $ 607,638.89
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 Collateral Interest Adjusted Amount as of the close of business on this
Distribution Date.................. $
40,000,000.00
(e) The Class B Investor Interest as of the close of business on this
Distribution Date $ 27,500,000.00
(f) The Class B Adjusted Investor Interest as of the close of business on this
Distribution Date $ 27,500,000.00
(g) The Class A Investor Interest as of the close of business on this
Distribution Date $ 432,500,000.00
(h) The Class A Adjusted Investor Interest as of the close of business on this
Distribution Date $ 432,500,000.00
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 $ 8,152,666.08
(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 $ 518,377.60
(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 $ 754,003.80
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 to be treated as Class A Available Funds
$ 0.00
(d) The Principal Funding Investment Proceeds deposited in the Finance Charge
Account on the related Transfer Date to be treated as Class B Available Funds
$ 0.00
10. Reserve Account
(a) Reserve Draw Amount $ 0.00
(b) 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
11. Available Funds
(a) The amount of Class A Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 8,152,666.08
(b) The amount of Class B Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 518,377.60
(c) The amount of Collateral Available Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 754,003.80
12. Portfolio Yield
(a) The Portfolio Yield (Note that this amount is calculated on a net basis)
for the related Monthly Period 15.1201%
(b) The Portfolio Adjusted Yield for the related Monthly Period 4.8344%
C. Floating Rate Determinations
1. LIBOR for the Interest Period ending on this Distribution Date 5.26875%
Class A Certificate Rate 5.51875%
Class B Certificate Rate 5.76875%
BANK OF AMERICA, NATIONAL
ASSOCIATION (USA),
(formerly known as 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 AUGUST 31, 1999
----------------
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1999-C
1. The aggregate amount of the Investor Percentage of Collections of Principal
Receivables $ 80,021,851.59
2. The aggregate amount of the Investor Percentage of Collections of Finance
Charge Receivables (excluding Interchange) $ 8,806,897.38
3. The aggregate amount of the Investor Percentage of Interchange $1,225,788.99
4. The aggregate amount of Servicer Interchange $ 607,638.89
5. The aggregate amount of funds on deposit in Finance Charge Account allocable
to the Series 1999-C Certificates . $ 9,425,047.48
6. The aggregate amount of funds on deposit in the Principal Account allocable
to the Series 1999-C Certificates $ 80,021,851.59
7. The aggregate amount of funds on deposit in the Principal Funding Account
allocable to the Series 1999-C Certificates $ 0.00
8. The aggregate amount to be withdrawn from the Finance Charge Account
pursuant to Section 4.11 and distributed to the Collateral Interest Holder
in accordance with subsection 5.01 (c) $ 0.00
9. 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
10. The amount of Monthly Interest, Deficiency Amounts and Additional Interest
payable to the
(i) Class A Certificateholders $ 3,228,522.40
(ii) Class B Certificateholders $ 214,639.41
(iii) Collateral Interest Holder $ 341,058.33
11. 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
12. The sum of all amounts payable to the
(i) Class A Certificateholders $ 3,228,522.40
(ii) Class B Certificateholders $ 214,639.41
(iii) Collateral Interest Holder $ 341,058.33
13. To the knowledge of the undersigned, no Series 1999-C 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 7th day of September, 1999.
BANK OF AMERICA, NATIONAL
ASSOCIATION (USA),
(formerly known as 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 1999-C only)
Monthly Period Ending AUGUST 31, 1999
----------------
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 (USA) 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)
$ 1,708,277,067.60
6. The Aggregate Investor Percentage of Receivables processed by the Servicer
during the preceding Monthly Period was equal to $ 87,159,445.66
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) $ 8,634,489.61
8. The aggregate amount of Receivables processed by the Servicer as of the end
of the last day of the preceding Monthly Period $ 1,684,832,180.86
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 $ 10,032,186.37
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 $ 80,021,851.59
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
$ 80,021,851.59
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 $ 172,407.77
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 $ 1,225,788.99
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 $ 3,784,220.14
17. The aggregate amount of Default Amounts processed by the Servicer as of the
end of the last day of the preceding Monthly Period $ 51,848,156.13
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 7th day of September, 1999.
BANK OF AMERICA, NATIONAL ASSOCIATION (USA),
(formerly known as Bank of America National Association)
Transferor and Servicer
By: /s/ Margaret S. Sprude____
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
