Exhibit 20.1
MONTHLY CERTIFICATEHOLDER'S STATEMENT
SERIES 1998-1
TRAVELERS BANK USA
TRAVELERS BANK CREDIT CARD MASTER TRUST I
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MONTHLY PERIOD ENDING 7/31/00
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The information which is required to be prepared with respect to this
Distribution Date the 15th of August, 2000, and with respect to the performance
of the trust during the month of July, 2000 is set forth below.
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 TO
CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL CERTIFICATE
PRINCIPAL AMOUNT)
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1. The amount of distribution in respect of Class A Monthly Principal $0.00000000
2. The amount of distribution in respect of Class B Monthly Principal $0.00000000
3. The amount of distribution in respect of Class C Monthly Principal $0.00000000
4. The amount of the distribution in respect of Class A Monthly Interest $5.00000000
5. The amount of distribution in respect of any accrued and unpaid
Class A Monthly Interest $0.00000000
6. The amount of distribution in respect of Class A Additional Interest $0.00000000
7. The amount of the distribution in respect of Class B Monthly Interest $0.00000000
8. The amount of distribution in respect of any accrued and unpaid
Class B Monthly Interest $0.00000000
9. The amount of distribution in respect of Class B Additional Interest $0.00000000
10. The amount of the distribution in respect of Class C Monthly Interest $0.00000000
11. The amount of distribution in respect of any accrued and unpaid
Class C Monthly Interest $0.00000000
12. The amount of distribution in respect of Class C Additional Interest $0.00000000
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B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. PRINCIPAL RECEIVABLES
(a) The aggregate amount of Collections of Principal
Receivables processed during the related Monthly
Period, which were allocable in respect of
Class A Certificates $56,157,576.76
(b) The aggregate amount of Collections of Principal
Receivables processed during the related Monthly
Period, which were allocable in respect of
Class B Certificates $3,089,407.59
(c) The aggregate amount of Collections of Principal
Receivables processed during the related Monthly
Period, which were allocable in respect of
Class C Certificates $2,467,080.88
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 Monthly Period $318,249,873.04
(b) The amount of Principal Receivables in the
Trust represented by the Investor Interest of
Series 1998-1 as of the end of the day on the
last day of the Monthly Period $250,000,000.00
(c) The amount of Principal Receivables in the
Trust represented by the Class A Investor
Interest of Series 1998-1 as of the end of
the day on the last day of the Monthly Period $227,500,000.00
(d) The amount of Principal Receivables in the
Trust represented by the Class B Investor
Interest of Series 1998-1 as of the end of the
day on the last day of the Monthly Period $12,500,000.00
(e) The amount of Principal Receivables in the
Trust represented by the Class C Investor
Interest of Series 1998-1 as of the end of the
day on the last day of the Monthly Period $10,000,000.00
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(f) The Floating Investor Percentage with respect
to the Monthly Period 83.30%
(g) The Class A Floating Investor Percentage with
respect to the Monthly Period 75.80%
(h) The Class B Floating Investor Percentage with
respect to the Monthly Period 4.17%
(i) The Class C Floating Investor Percentage with
respect to the Monthly Period 3.33%
(j) The Principal Investor Percentage with respect
to the Monthly Period 83.30%
(k) The Class A Principal Investor Percentage with
respect to the Monthly Period 75.80%
(l) The Class B Principal Investor Percentage with
respect to the Monthly Period 4.17%
(m) The Class C Principal Investor Percentage with
respect to the Monthly Period 3.33%
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.
PERCENTAGE OF AGGREGATE
TOTAL RECEIVABLES BALANCE
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(a) 31-60 days: 0.70% $2,235,764.76
(b) 61-90 days 0.19% $613,887.03
(c) 91-120 days 0.21% $676,397.53
(d) Over 120 days 0.47% $1,508,903.74
Total 1.58% $5,034,953.06
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4. INVESTOR DEFAULT AMOUNT
(a) The Aggregate Investor Default Amount for the related
Monthly Period $630,780.13
(b) The Class A Investor Default Amount for the related
Monthly Period $573,987.20
(c) The Class B Investor Default Amount for the related
Monthly Period $31,576.87
(d) The Class C Investor Default Amount for the related
Monthly Period $25,216.06
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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-Offs set
forth in 5 (a) above per $1,000 of original certificate
principal amount $0.00
(e) The aggregate amount of Class C Investor Charge-Offs
for the related Monthly Period $0.00
(f) The aggregate amount of Class C Investor Charge-Offs set
forth in 5 (a) above per $1,000 of original certificate
principal amount $0.00
(g) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the 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 $0.00
(i) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Distribution Date $0.00
(j) The aggregate amount of Class B Investor Charge-Offs
set forth in 5 (g) above per $1,000 original certificate
principal amount $0.00
(k) The aggregate amount of Class C Investor Charge-Offs
reimbursed on the Distribution Date $0.00
(l) The aggregate amount of Class C Investor Charge-Offs
set forth in 5 (g) above per $1,000 original certificate
principal amount $0.00
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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 $379,166.67
(b) The amount of the Class B Servicing Fee payable by the
Trust to the Servicer for the related Monthly Period $20,833.33
(c) The amount of the Class C Servicing Fee payable by the
Trust to the Servicer for the related Monthly Period $16,666.67
7. REALLOCATIONS
(a) The amount of Reallocated Class C 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 Class C Investor Interest as of the close of business
on this Distribution Date $10,000,000.00
(d) The Class B Investor Interest as of the close of business
on this Distribution Date $12,500,000.00
8. PRINCIPAL FUNDING ACCOUNT
(a) The principal amount on deposit in the Principal Funding
Account on this Distribution Date (prior to withdrawals) $0.00
(b) The Deficit Controlled Accumulation Amount for the
related Monthly Period $0.00
(c) The Principal Funding Account Investment Proceeds
deposited in the Collections Account to be treated as
Class A Available Funds $0.00
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9. AVAILABLE FUNDS
(a) The amount of Class A Available Funds on deposit in
the Collections Account for this Distribution Date $3,047,625.48
(b) The amount of Class B Available Funds on deposit in
the Collections Account for this Distribution Date $167,659.61
(c) The amount of Class C Available Funds on deposit in
the Collections Account for this Distribution Date $133,886.45
10. PORTFOLIO YIELD
(a) The Net Portfolio Yield for the related Monthly Period 13.05%
(b) The Base Rate for the related Monthly Period 7.46%
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CITIBANK USA
Servicer
By: /s/ Charles Haug
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Name: Charles Haug
Title: Senior Vice President
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SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
SERIES 1998-1
TRAVELERS BANK USA
TRAVELERS BANK CREDIT CARD MASTER TRUST I
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MONTHLY PERIOD ENDING 7/31/00
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1. The aggregate amount of the Investor Percentage of Collections
of Principal Receivables (net of Discount Option Collections) $61,714,065.23
2. The aggregate amount of the Investor Percentage of Collections
of Finance Charge Receivables (including Annual Membership
Fees, Late Fees, Cash Advance Fees and Other Fees) $2,409,363.44
3. The aggregate amount of the Investor Percentage of Discount
Option Collections $939,808.10
4. The aggregate amount of funds allocable to Series 1998-1
in respect of Finance Charge Receivables $3,349,171.54
5. The aggregate amount of funds on deposit in the Principal
Funding Account allocable to Series 1998-1
Certificates after taking into account deposits, but prior to
withdrawals on the related Transfer Date) $0.00
6. The excess, if any, of the Required Class C Invested Amount
over the Class C Invested Amount (as of the related Transfer
Date) $0.00
7. The Class C Invested Amount on the Transfer Date of the current
calendar month, after giving effect to the deposits and
withdrawals specified above, is equal to $10,000,000.00
8. The amount of Monthly Interest, Deficiency Amounts, and
Additional Interest payable to the
(i) Class A Certificateholders $1,137,500.00
(ii) Class B Certificateholders $0.00
(iii) Class C Interests $0.00
9. The amount of principal payable to the
(i) Class A Certificateholders $0.00
(ii) Class B Certificateholders $0.00
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(iii) Class C Interests $0.00
10. The sum of all amounts payable to the
(i) Class A Certificateholders $1,137,500.00
(ii) Class B Certificateholders $0.00
(iii) Class C Interests $0.00
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To the knowledge of the undersigned, no Series 1998-1 Pay Out Event or
Trust Payout Event has occurred except as described below
None
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
certificate this 11th day of August, 2000.
CITIBANK USA
Servicer
By: /s/ Charles Haug
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Name: Charles Haug
Title: Senior Vice President
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