<PAGE>
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of l934
Date of Report (Date of earliest event reported) February 12, 1999
--------------------------------
- --------------------------------------------------------------------------------
FCC National Bank on Behalf of First Chicago Master Trust II
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charters)
United States of America 0-16337 51-0269396
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
One Gateway Center, 300 King Street, Wilmington, Delaware 19801
- --------------------------------------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: 302-656-5020
1 of 86
Exhibit Index on Page 5
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Item 5. Other Events.
- ------
In November 1998, FCC National Bank ("the Seller") modified its charge-off
policies with respect to accounts of cardholders who notify the Seller that such
cardholder has filed for bankruptcy to align such policies with those of other
affiliates of BANK ONE Corporation, the parent corporation of the Seller.
Previously, the Seller charged off the receivables in such an account within a
few days of notification of such a bankruptcy filing. Under its new policy, the
Seller will charge off the receivables in an account of such a cardholder on the
first day of the month following the third billing date of such account after
the notification of such bankruptcy filing, unless the receivables would charge
off earlier due to the Seller's usual delinquency charge-off policies. It is
expected that this change will decrease charged-off receivables reported for the
Bank's Portfolio for the first four Due Periods after the implementation of this
change since the recognition of losses for Accounts held by cardholders filing
for bankruptcy will be delayed by approximately four months. The Seller
anticipates that such a decrease in charged-off receivables will be reflected in
the reported information for the December 1998 through March 1999 Distribution
Dates.
The January 1999 Due Period is the second month in which this policy change
caused a substantial reduction in the gross charge-off rate, when compared to
the November 1998 Due Period. In addition, the January 1999 Due Period also
includes the sale of certain charged-off accounts, which resulted in recoveries
of approximately 110 basis points.
The Registrant's hereby incorporates by reference the information contained in
Exhibit 28 hereto in response to this Item 5.
Item 7. Financial Statements and Exhibits.
- -------
(c) Exhibits
28A. Monthly Servicer's Certificate -
Floating Rate Credit Card Certificates
Series 1993-H, Floating Rate Asset Backed
Certificates Series 1994-J, Floating Rate
Credit Card Certificates Series 1994-K, 7.15%
Credit Card Certificates Series 1994-L, Floating Rate
Credit Card Certificates Series 1995-M, Floating Rate
Credit Card Certificates Series 1995-N, Floating Rate
Credit Card Certificates Series 1995-O, Floating Rate
Credit Card Certificates Series 1995-P, Floating
Rate Asset Backed Certificates Series 1996-Q, Floating
Rate Asset Backed Certificates Series 1996-R,
Floating Rate Asset Backed Certificates Series 1996-S, Floating
Rate Asset Backed Certificates Series 1997-T, Floating Rate
Asset Backed Certificates Series 1997-U and Floating Rate Asset
Backed Certificates Series 1998-V.
28B. Certificateholder's Payment Date Statement -
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1993-H.
28C. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Asset
Backed Certificates Series 1994-J.
2 of 86
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28D. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1994-K.
28E. Certificateholder's Payment Date Statement-
First Chicago Master Trust II 7.15% Credit Card
Certificates Series 1994-L.
28F. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-M.
28G. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-N.
28H. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-O.
28I. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-P.
28J. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Asset Backed
Certificates Series 1996-Q.
28K. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1996-R.
28L. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1996-S.
28M. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1997-T.
28N. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1997-U.
28O. Certificateholder's Payment Date Statement - First Chicago Master
Trust II Floating Rate Asset Backed Certificates Series 1998-V.
3 of 86
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FCC NATIONAL BANK
----------------------------------
Date: February 12, 1999 By /s/ Sharon A. Renchof
--------------------------------
Title: Assistant Secretary
4 of 86
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INDEX TO EXHIBITS
Exhibit Description of
Number Exhibit
- ------- --------------
28A. Monthly Servicer's Certificate -
Floating Rate Credit Card Certificates
Series 1993-H, Floating Rate Asset Backed
Certificates Series 1994-J, Floating Rate
Credit Card Certificates Series 1994-K, 7.15%
Credit Card Certificates Series 1994-L,
Floating Rate Credit Card Certificates Series
1995-M, Floating Rate Credit Card
Certificates Series 1995-N, Floating Rate
Credit Card Certificates Series 1995-O,
Floating Rate Credit Card Certificates
Series 1995-P, Floating Rate Asset
Backed Certificates Series 1996-Q, Floating
Rate Asset Backed Certificates Series
1996-R, Floating Rate Asset Backed
Certificates Series 1996-S,
Floating Rate Asset Backed Certificates Series 1997-T,
Floating Rate Asset Backed Certificates Series 1997-U and
Floating Rate Asset Backed Certificates Series 1998-V.
5 of 86
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28B. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1993-H.
28C. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1994-J.
28D. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1994-K.
28E. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II 7.15% Credit Card
Certificates Series 1994-L.
28F. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-M.
28G. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-N.
28H. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-O.
28I. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-P.
28J. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1996-Q.
28K. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1996-R.
28L. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1996-S.
28M. Certificateholder's Payment Date
Statement-First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1997-T.
28N. Certificateholder's Payment Date
Statement-First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1997-U.
28O. Certificateholder's Payment Date
Statement-First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1998-V.
6 of 86
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Exhibit 28-A
MONTHLY SERVICER'S CERTIFICATE
FCC National Bank
--------------------------------------------------------------
First Chicago Master Trust II
February 8, 1999
--------------------------------------------------------------
The undersigned, duly authorized representatives of FCC National Bank ("FCCNB"),
as Servicer pursuant to the Pooling and Servicing Agreement dated as of June 1,
1990, as amended and supplemented, (the "Pooling and Servicing Agreement") by
and between FCCNB, as Seller and Servicer and Norwest Bank Minnesota, National
Association, as Trustee, does hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings set forth in the Pooling and Servicing Agreement.
2. FCCNB is as of the date hereof the Seller and the Servicer under the
Pooling and Servicing Agreement.
3. The undersigned are Servicing Officers.
4. The aggregate amount of Collections processed
for the Due Period for this Distribution Date
was equal to......................................... $4,491,527,597.53
5. (a) The aggregate amount of such Collections
allocated to Principal Receivables for the
Due Period for this Distribution Date
was equal to......................................... $4,261,639,264.97
(b) The aggregate amount of such Collections
allocated to Finance Charge Receivables for
the Due Period for this Distribution Date
was equal to......................................... $ 229,888,332.56
6. (a) The aggregate Interchange Amount (which
will be included as Finance Charge Receivables
for all Series) for this Distribution Date
was equal to......................................... $ 62,488,868.08
(b) The aggregate Net Recoveries Amount (which
will be included as Finance Charge Receivables
for all Series) for this Distribution Date
was equal to......................................... $ 21,961,705.94
7. The Invested Pecentage of Collections allocated
to Principal Receivables for the Due Period
was equal to for:
Series 1993 - H .................................. 4.471%
Series 1994 - J .................................. 3.194%
Series 1994 - K .................................. 3.194%
Series 1994 - L .................................. 3.194%
Series 1995 - M .................................. 3.650%
Series 1995 - N .................................. 3.650%
Series 1995 - O .................................. 3.650%
Series 1995 - P .................................. 3.650%
Series 1996 - Q .................................. 6.570%
Series 1996 - R .................................. 2.920%
Series 1996 - S .................................. 5.110%
Series 1997 - T .................................. 4.380%
Series 1997 - U .................................. 2.920%
Series 1998 - V .................................. 7.300%
7 of 86
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8. The Invested Percentage of Collections allocated
to Finance Charge Receivables for the Due Period
was equal to for:
Series 1993 - H .................................. 0.373%
Series 1994 - J .................................. 2.661%
Series 1994 - K .................................. 3.194%
Series 1994 - L .................................. 3.194%
Series 1995 - M .................................. 3.650%
Series 1995 - N .................................. 2.727%
Series 1995 - O .................................. 3.650%
Series 1995 - P .................................. 3.650%
Series 1996 - Q .................................. 6.570%
Series 1996 - R .................................. 2.920%
Series 1996 - S .................................. 5.110%
Series 1997 - T .................................. 4.380%
Series 1997 - U .................................. 2.920%
Series 1998 - V .................................. 7.300%
9. The Invested Percentage with respect to the
Investor Default Amount for the Due Period was
equal to for:
Series 1993 - H .................................. 0.373%
Series 1994 - J .................................. 2.661%
Series 1994 - K .................................. 3.194%
Series 1994 - L .................................. 3.194%
Series 1995 - M .................................. 3.650%
Series 1995 - N .................................. 2.727%
Series 1995 - O .................................. 3.650%
Series 1995 - P .................................. 3.650%
Series 1996 - Q .................................. 6.570%
Series 1996 - R .................................. 2.920%
Series 1996 - S .................................. 5.110%
Series 1997 - T .................................. 4.380%
Series 1997 - U .................................. 2.920%
Series 1998 - V .................................. 7.300%
10. The aggregate amount of drawings or payments,
if any, under the Enhancement, if any, required
to be made on the next succeeding Distribution
Date is equal to for:
Series 1993 - H .................................. $0.00
Series 1994 - J .................................. $0.00
Series 1994 - K .................................. $0.00
Series 1994 - L .................................. $0.00
Series 1995 - M .................................. $0.00
Series 1995 - N .................................. $0.00
Series 1995 - O .................................. $0.00
Series 1995 - P .................................. $0.00
Series 1996 - Q .................................. $0.00
Series 1996 - R .................................. $0.00
Series 1996 - S .................................. $0.00
Series 1997 - T .................................. $0.00
Series 1997 - U .................................. $0.00
Series 1998 - V .................................. $0.00
8 of 86
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11. The amount of interest due on the Cash Collateral Account loan, if
applicable, required to be paid on the next Distribution Date is equal
to for:
Series 1993 - H .................................. $ 0.00
Series 1994 - J .................................. $ 19,313.86
Series 1994 - K .................................. $ 25,474.73
Series 1994 - L .................................. $ 17,468.27
Series 1995 - M .................................. $ 0.00
Series 1995 - N .................................. $ 0.00
Series 1995 - O .................................. $ 0.00
Series 1995 - P .................................. $ 0.00
Series 1996 - Q .................................. $ 0.00
Series 1996 - R .................................. $ 0.00
Series 1996 - S .................................. $ 0.00
Series 1997 - T .................................. $ 0.00
Series 1997 - U .................................. $ 0.00
Series 1998 - V .................................. $ 0.00
12. The amount of Monthly Servicing Fee required to be paid on the next
succeeding Distribution Date is equal to for:
Series 1993 - H .................................. $ 97,222.22
Series 1994 - J .................................. $ 694,444.45
Series 1994 - K .................................. $ 833,333.33
Series 1994 - L .................................. $ 833,333.33
Series 1995 - M .................................. $ 952,380.95
Series 1995 - N .................................. $ 711,533.17
Series 1995 - O .................................. $ 952,380.95
Series 1995 - P .................................. $ 952,380.95
Series 1996 - Q .................................. $1,714,285.71
Series 1996 - R .................................. $ 761,904.77
Series 1996 - S .................................. $1,333,333.34
Series 1997 - T .................................. $1,142,857.14
Series 1997 - U .................................. $ 761,904.77
Series 1998 - V .................................. $1,904,761.90
13. The aggregate amount payable to Investor
Certificateholders on the succeeding Distribution Date
in respect of interest is equal to for:
Series 1993 - H .................................. $ 269,629.63
Series 1994 - J .................................. $1,933,333.33
Series 1994 - K .................................. $2,305,555.56
Series 1994 - L .................................. $2,979,166.67
Series 1995 - M .................................. $2,673,015.88
Series 1995 - N .................................. $1,968,061.75
Series 1995 - O .................................. $2,675,238.08
Series 1995 - P .................................. $2,646,666.66
Series 1996 - Q .................................. $4,718,285.72
Series 1996 - R .................................. $2,076,319.63
Series 1996 - S .................................. $3,681,737.25
Series 1997 - T .................................. $3,117,333.33
Series 1997 - U .................................. $2,097,015.88
Series 1998 - V .................................. $5,429,418.65
9 of 86
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14. The aggregate amount payable to Investor
Certificateholders on the succeeding
Distribution Date in respect of principal
is equal to for:
Series 1993 - H .................................. $58,333,333.37*
Series 1994 - J .................................. $41,666,666.67
Series 1994 - K .................................. $ 0.00
Series 1994 - L .................................. $ 0.00
Series 1995 - M .................................. $ 0.00
Series 1995 - N .................................. $48,169,556.67
Series 1995 - O .................................. $ 0.00
Series 1995 - P .................................. $ 0.00
Series 1996 - Q .................................. $ 0.00
Series 1996 - R .................................. $ 0.00
Series 1996 - S .................................. $ 0.00
Series 1997 - T .................................. $ 0.00
Series 1997 - U .................................. $ 0.00
Series 1998 - V .................................. $ 0.00
15. The excess, if any, of the First Chicago
Amount over the Aggregate Principal Receivables
required to be maintained pursuant to the
Agreement............................................. $6,598,936,511.28
16. The First Chicago Amount for the Due Period
divided by Aggregate Principal Receivables
for the Due Period.................................... 47.703%
17. The Minimum First Chicago Interest Percentage......... 7.000%
18. Attached hereto is a true and correct copy
of the statement required to be delivered by
the Servicer on the date of this Certificate
to the Trustee in respect of each Series
outstanding pursuant to Section 5.02(a)
of the Agreement, if applicable.
19. As of the date hereof, to the best knowledge
of the undersigned, no default in the
performance of the obligation of the Servicer
under the Pooling and Servicing Agreement has
occurred or is continuing except as follows: NONE
20. As of the date hereof no Liquidation Event
has been deemed to have occurred for the
Due Period for this Distribution Date with
respect to any Series.
21. As of the date hereof, to the best knowledge
of the undersigned, no Lien has been placed
on any of the Receivables other than the Lien
granted by the Pooling and Servicing Agreement.
22. During the preceding calendar month, the number
of newly-originated Accounts was..................... 202,367
IN WITNESS WHEREOF, the undersigned have duly
executed and delivered this certificate the
date first set forth above.
FCC National Bank
as Servicer
By: /s/ James A. Harwood
--------------------------------
Servicing Officer
By: /s/ Michael J. Kuzlik
--------------------------------
Servicing Officer
* Payment represents the final payment for First Chicago Master Trust II,
Series 1993-H.
10 of 86
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Exhibit 28-B
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1993 - H
February 8, 1999
------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1993 - H
Supplement dated as of August 01, 1993 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Certificateholders and the performance
of the First Chicago Master Trust II (the "Trust") during the previous period.
The information which is required to be prepared with respect to the
distribution on the February 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount.)
1. The total amount of the distribution to
Series 1993 - H Certificateholders on the
Payment Date per $1,000 interest....................... $83.719*
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1993 - H Certificates,
per $1,000 interest.................................... $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1993 - H Certificates, per $1,000
interest............................................... $0.385
* Payment represents the final payment for First Chicago Master Trust
II, Series 1993-H.
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B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series........ $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1993 - H Certificates............... $191,652,873.28
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1993 - H
Certificates, per $1,000 interest.............. 273.790%
d. Excess Principal Collections allocated
in respect of the Series 1993 - H Certificates,
if any......................................... $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series)....... $15,656,079,373.28
b. The amount of Principal Receivables in
the Trust represented by the Series 1993 - H
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date.............................. $58,333,333.37
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1993 - H Certificates for the Due
Period with respect to the current
Distribution Date.............................. 0.373%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1993 - H
Certificates for the Due Period with respect
to the current Distribution Date............... 4.471%
e. The Pre-Allocated Invested Amount for
the Due period with respect to the
current Distribution Date...................... $0.00
12 of 86
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3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date....................................... $879,947,472.40
4. Investor Default Amount.
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1993 - H
Certificates (the "Investor Default Amount").
a. Investor Default Amount.................... $230,602.42
b. Recoveries................................. $81,827.60
c. Net Default Receivables.................... $148,774.82
5. Investor Charge-offs.
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date.......................... $0.00
b. The amount attributable to Investor Charge-
Offs, if any, by which the principal
balance of the Series 1993 - H Certificates
exceeds the Invested Amount as of the end
of the day on the Record Date with respect
to the current Distribution Date........... $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
the current Distribution Date.............. $36,458.33
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date....................................... $60,763.89
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount").................. $0.00
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b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period............................................. $0.00
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1993 - H
Certificates as of such Due Period................. 0.000%
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holder's Certificate by the Pool Factor............ 0.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period....................... $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
--------------------------------------
Title: Vice President
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CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT Exhibit 28-C
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1994 - J
February 8, 199
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1994 - J
Supplement dated as of May 01, 1994 by and between FCCNB and the Trustee, FCCNB,
as Servicer, is required to prepare certain information for each Payment Date
regarding current distributions to Certificateholders and the performance of the
First Chicago Master Trust II (the "Trust") during the previous period. The
information which is required to be prepared with respect to the distribution on
the February 16, 1999 Payment Date and with respect to the performance of the
Trust during the Due Period for such Payment Date is set forth below. Certain of
the information is presented on the aggregate amounts for the Trust as a whole.
All capitalized terms used herein shall have the respective meanings set forth
in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Series 1994 - J Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $87.200
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1994 - J Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1994 - J Certificates, per $1,000
interest . . . . . . . . . . . . . . . . . . . . . . $3.867
15 of 86
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B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1994 - J Certificates . . . . . . . . . $144,033,442.20
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1994 - J
Certificates, per $1,000 interest . . . . . . . . $288.067
d. Excess Finance Charge Collections allocated
in respect of the Series 1994 - J Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
e. Excess Principal Collections allocated in
respect of the Series 1994 - J Certificates,
if any . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . . $15,656,079,373.28
b. The amount of Principal Receivables in
the Trust represented by the Series 1994 - J
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . $416,666,666.66
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1994 - J Certificates for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . $2.661%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1994 - J
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . . 3.194%
16 of 86
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3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $879,947,472.40
4. Investor Default Amount.
------------------------
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1994 - J
Certificates (the "Investor Default Amount").
a. Investor Default Amount . . . . . . . . . . . . . $1,647,160.13
b. Recoveries . . . . . . . . . . . . . . . . . . . . $584,482.91
c. Net Default Receivables . . . . . . . . . . . . . $1,062,677.22
5. Investor Charge-offs.
---------------------
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Investor Charge-Offs,
if any, by which the principal balance of
the Series 1994 - J Certificates exceeds
the Invested Amount as of the end of the
day on the Record Date with respect to the
current Distribution Date. . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
The current Distribution Date. . . . . . . . . . . $260,416.67
b. The amount of the Interchange Monthly
Servicing Fee payable to the Service
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $434,027.78
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . . $0.00
17 of 86
<PAGE>
b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period . . . . . . . . . . . . . . . . . . . . . . . $54,166,666.67
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1994 - J
Certificates as of such Due Period . . . . . . . . . 13.000%
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holder's Certificate by the Pool Factor . . . . . . . 75.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By ----------------------------------------------
Title: Vice President
18 of 86
<PAGE>
Exhibit 28-D
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1994 - K
February 8, 1999
------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1994 - K
Supplement dated as of August 01, 1994 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Certificateholders and the performance
of the First Chicago Master Trust II (the "Trust") during the previous period.
The information which is required to be prepared with respect to the
distribution on the February 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original
Principal Amount).
1. The total amount of the distribution to
Series 1994 - K Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $4.611
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1994 - K Certificates,
per $1,000 interest . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1994 - K Certificates, per $1,000
interest . . . . . . . . . . . . . . . . . . . . . $4.611
19 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1994 - K Certificates . . . . . . . . . $9,518,043.55
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1994 - K
Certificates, per 1,000 interest . . . . . . . . . $19.036
d. Excess Finance Charge Collections allocated
in respect of the Series 1994 - K Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
e. Excess Principal Collections allocated in
respect of the Series 1994 - K Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . $15,656,079,373.28
b. The amount of Principal Receivables in
the Trust represented by the Series 1994 - K
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $500,000,000.00
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1994 - K Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 3.194%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1994 - K
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.194%
20 of 86
<PAGE>
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $879,947,472.40
4. Investor Default Amount.
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1994 - K
Certificates (the "Investor Default Amount").
a. Investor Default Amount . . . . . . . . . . . . . $1,976,592.15
b. Recoveries . . . . . . . . . . . . . . . . . . . . $701,379.49
c. Net Default Receivables . . . . . . . . . . . . . $1,275,212.66
5. Investor Charge-offs.
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Investor Charge-Offs,
if any, by which the principal balance of
the Series 1994 - K Certificates exceeds
the Invested Amount as of the end of the
day on the Record Date with respect
to the current Distribution Date . . . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
the current Distribution Date . . . . . . . . . . $312,500.00
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $520,833.33
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . $0.00
21 of 86
<PAGE>
b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period . . . . . . . . . . . . . . . . . . . . . . $72,500,000.00
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1994 - K
Certificates as of such Due Period . . . . . . . . 14.500%
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holder's Certificate by the Pool Factor . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
------------------------------
Title: Vice President
22 of 86
<PAGE>
Exhibit 28-E
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1994 - L
February 8, 1999
------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1994 - L
Supplement dated as of August 01, 1994 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Certificateholders and the performance
of the First Chicago Master Trust II (the "Trust") during the previous period.
The information which is required to be prepared with respect to the
distribution on the February 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Series 1994 - L Certificateholders on the
Payment Date per $1,000 interest....................... $5.958
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1994 - L Certificates,
per $1,000 interest.................................... $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1994 - L Certificates, per $1,000
interest............................................... $5.958
23 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series......... $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1994 - L Certificates................ $9,518,043.55
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1994 - L
Certificates, per $1,000 interest.............. $19.036
d. Excess Finance Charge Collections allocated
in respect of the Series 1994 - L Certificates,
if any......................................... $0.00
e. Excess Principal Collections allocated in
respect of the Series 1994 - L Certificates,
if any......................................... $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series)....... $15,656,079,373.28
b. The amount of Principal Receivables in
the Trust represented by the Series 1994 - L
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date.............................. $500,000,000.00
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1994 - L Certificates for the Due
Period with respect to the current
Distribution Date.............................. 3.194%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1994 - L
Certificates for the Due Period with respect
to the current Distribution Date............... 3.194%
24 of 86
<PAGE>
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date.......................................... $879,947,472.40
4. Investor Default Amount.
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1994 - L
Certificates (the "Investor Default Amount").
a. Investor Default Amount....................... $1,976,592.15
b. Recoveries.................................... $701,379.49
c. Net Default Receivables....................... $1,275,212.66
5. Investor Charge-offs.
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date............................. $0.00
b. The amount attributable to Investor Charge-Offs,
if any, by which the principal balance of
the Series 1994 - L Certificates exceeds
the Invested Amount as of the end of the
day on the Record Date with respect
to the current Distribution Date.............. $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
the current Distribution Date................. $312,500.00
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date.......................................... $520,833.33
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount")..................... $0.00
25 of 86
<PAGE>
b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period...................................... $57,500,000.00
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1994 - L
Certificates as of such Due Period.......... 11.500%
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holder's Certificate by the Pool Factor..... 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period................ $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
______________________________________________
Title: Vice President
26 of 86
<PAGE>
Exhibit 28-F
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - M
February 8, 1999
------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1995 - M
Supplement dated as of April 01, 1995 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificate-holders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest................. $4.658
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest.............................. $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . $4.658
27 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series.... $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995-M Certificates............. $10,877,764.05
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates..... $9,518,043.55
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest.......... $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date.......................... $6,215,140.15
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates....................... $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - M Certificates,
if any..................................... $0.00
h. The amount of Excess Principal Collections.allocated
in respect of the Series 1995 - M Certificates,
if any..................................... $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series)...$15,656,079,373.28
28 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995 - M
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date............................$571,428,572.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date....................$500,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - M Certificates for the Due
Period with respect to the current
Distribution Date............................ 3.650%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - M
Certificates for the Due Period with respect
to the current Distribution Date............. 3.650%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date............................ 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date............................ 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date............................ 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date............................ 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date.........................................$879,947,472.40
29 of 86
<PAGE>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - M
Certificates (the "Investor Default Amount")
1. Investor Default Amount..................... $2,258,962.45
2. Recoveries.................................. $801,576.55
3. Net Default Receivables..................... $1,457,385.90
b. The Class A Investor Default Amount
1. Investor Default Amount..................... $1,976,592.15
2. Recoveries.................................. $701,379.49
3. Net Default Receivables..................... $1,275,212.66
c. The Collateral Investor Default Amount
1. Investor Default Amount..................... $282,370.30
2. Recoveries.................................. $100,197.06
3. Net Default Receivables..................... $182,173.24
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date........................................... $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date....... $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date........................................... $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date........................................... $357,142.86
30 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date.......................................... $595,238.09
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount")..................... $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date)............... $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date................................. 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date..................... $71,428,572.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date.......................................... $71,428,572.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date............................. $77,142,858.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date.......................................... $77,142,858.00
31 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor........................................ 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
--------------------
Title: Vice President
32 of 86
<PAGE>
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT Exhibit 28-G
FCC NATIONAL BANK
- --------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - N
February 8, 1999
- --------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1995 - N
Supplement dated as of April 01, 1995 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<CAPTION>
<S> <C>
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest $86.773
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest $3.440
</TABLE>
33 of 86
<PAGE>
<TABLE>
<CAPTION>
<S>......................................................... <C>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series........... $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995 - N Certificates.................. $163,671,729.35
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates............ $143,240,271.90
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest................. $286.481
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date................................. $4,657,615.39
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates.............................. $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - N Certificates,
if any............................................ $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995 - N Certificates,
if any............................................ $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series).......... $15,656,079,373.28
</TABLE>
34 0f 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
b. The amount of Principal Receivables
in the Trust represented by the Series 1995 - N
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date................................. $426,919,901.99
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date......................... $374,999,999.99
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - N Certificates for the Due
Period with respect to the current
Distribution Date................................. 2.727%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - N
Certificates for the Due Period with respect
to the current Distribution Date.................. 3.650%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date................................. 87.84%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date................................. 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date................................. 12.16%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date................................. 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date.............................................. $879,947,472.40
</TABLE>
35 0f 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - N
Certificates (the "Investor Default Amount")
1. Investor Default Amount........................ $1,687,693.05
2. Recoveries..................................... $598,865.73
3. Net Default Receivables........................ $1,088,827.32
b. The Class A Investor Default Amount
1. Investor Default Amount........................ $1,482,444.10
2. Recoveries..................................... $526,034.62
3. Net Default Receivables........................ $956,409.48
c. The Collateral Investor Default Amount
1. Investor Default Amount........................ $205,248.95
2. Recoveries..................................... $72,831.11
3. Net Default Receivables........................ $132,417.84
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date........................................... $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date....... $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date........................................... $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date........................................... $266,824.94
</TABLE>
36 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date.............................................. $444,708.23
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount")......................... $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date)................... $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all
reductions thereof on the current
Distribution Date................................. 1.714%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date......................... $51,919,902.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date.............................................. $45,417,012.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date................................. $57,634,188.00
b. The total Enhancement after giving
effect to all withdrawals, deposits and
payments on the current Distribution
Date.............................................. $51,131,298.00
</TABLE>
37 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor............................................ 66.66666666%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period...................... $0.00
</TABLE>
FCC National Bank,
Servicer
By /s/ James A. Harwood
------------------------------
Title: Vice President
38 of 86
<PAGE>
Exhibit 28-H
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
- --------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - O
February 8, 1999
- --------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee (the "Trustee"), as amended and supplemented by the Series 1995-O
Supplement dated as of June 01, 1995 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest......................... $4.649
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest...................................... $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest............ $4.649
39 of 86
<PAGE>
B. Information Regarding the Performance of the Trust
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series................. $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995-O Certificates.......................... $10,877,764.05
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were
allocated in respect of the Class A
Certificates............................................ $9,518,043.55
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A Certificates,
per $1,000 interest..................................... $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date....................................... $6,219,584.60
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates................................... $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995-O Certificates, if any..................... $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995-O Certificates, if any... $0.00
2. Receivables in Trust
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by
the Exchangeable Seller's Certificate and by
the Investor Certificates of all Series)........... $15,656,079,373.28
40 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995-O
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date.................................... $571,428,572.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date............................. $500,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995-O Certificates for the Due
Period with respect to the current
Distribution Date.................................... 3.650%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995-O
Certificates for the Due Period with respect
to the current Distribution Date..................... 3.650%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date................................... 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date................................... 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date.................................... 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date.................................... 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date ................................................ $879,947,472.40
41 of 86
<PAGE>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995-O
Certificates (the "Investor Default Amount")
1. Investor Default Amount.............................. $2,258,962.45
2. Recoveries........................................... $801,576.55
3. Net Default Receivables.............................. $1,457,385.90
b. The Class A Investor Default Amount
1. Investor Default Amount.............................. $1,976,592.15
2. Recoveries........................................... $701,379.49
3. Net Default Receivables.............................. $1,275,212.66
c. The Collateral Investor Default Amount
1. Investor Default Amount.............................. $282,370.30
2. Recoveries .......................................... $100,197.06
3. Net Default Receivables.............................. $182.173.24
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date................................................... $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date................ $0.00
c. The amount of the Collateral Charge-Offs,
if any, for the Due Period with
respect to the current Distribution
Date.................................................... $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date.................................................... $357,142.86
42 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date.................................................... $595,238.09
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount")............................... $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all withdrawals,
deposits and payments to be made on such
Distribution Date (the "Available Cash
Collateral Amount" for the next Distribution
Date)................................................... $5,714,286.00
c. The amount as computed in 7.b as a percentage
of the Class A Invested Amount after giving
effect to all reductions thereof on the
current Distribution Date............................... 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date............................... $71,428,572.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date.................................................... $71,428,572.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date....................................... $77,142,858.00
b. The total Enhancement after giving effect
to all withdrawals, deposits and payments
on the current Distribution Date........................ $77,142,858.00
43 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool Factor............ 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amoritization
Amount for the preceding Due Period..................... $0.00
FCC National Bank,
Servicer
By /s/ James A.Harwood
--------------------------------------
Title: Vice President
44 of 86
<PAGE>
Exhibit 28-I
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
- --------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - P
February 8, 1999
- --------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association,
as Trustee, (the "Trustee"), as amended and supplemented by the Series 1995 - P
Supplement dated as of June 01, 1995 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current
Distribution (Stated on the Basis
of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest. . . . . . . . . . . . . . $4.604
2. The amount of the distribution set
forth in paragraph 1 above in respect
of principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . . . . . $4.604
45 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series. . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995 - P Certificates . . . . . . . . . $10,877,764.05
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $9,518,043.55
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest. . . . . . . . . $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $6,241,806.82
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - P Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995 - P Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . $15,656,079,373.28
46 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995 - P
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . $571,428,572.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date. . . . . . . . . . . . . . $500,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - P Certificates for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . 3.650%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - P
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . . 3.650%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $879,947,472.40
47 of 86
<PAGE>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - P
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . . $2,258,962.45
2. Recoveries . . . . . . . . . . . . . . . . . . . . $801,576.55
3. Net Default Receivables . . . . . . . . . . . . . $1,457,385.90
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $1,976,592.15
2. Recoveries . . . . . . . . . . . . . . . . . . . . $701,379.49
3. Net Default Receivables . . . . . . . . . . . . . $1,275,212.66
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $282,370.30
2. Recoveries . . . . . . . . . . . . . . . . . . . $100,197.06
3. Net Default Receivables . . . . . . . . . . . . . $182,173.24
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date. . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution Date . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $357,142.86
48 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . . $595,238.09
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all withdrawals,
deposits and payments to be made on such
Distribution Date (the "Available Cash
Collateral Amount" for the next
Distribution Date) . . . . . . . . . . . . . . . . . $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested Amount
after giving effect to all reductions
thereof on the current Distribution Date . . . . . . 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date. . . . . . . . . . . . . . $71,428,572.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $71,428,572.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $77,142,858.00
b. The total Enhancement after giving effect
to all withdrawals, deposits and payments
on the current Distribution Date . . . . . . . . . . $77,142,858.00
49 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
-------------------------------
Title: Vice President
50 of 86
<PAGE>
Exhibit 28-J
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1996 - Q
February 8, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1996 - Q
Supplement dated as of September 01, 1996 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $4.560
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . . $4.560
51 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1996 - Q Certificates . . . . . . . . . . $19,579,975.31
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . . $17,132,478.38
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . . $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . $11,275,252.31
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1996 - Q Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1996 - Q Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . . $15,656,079,373.28
52 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1996 - Q
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . $1,028,571,429.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . . $900,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1996 - Q Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 6.570%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1996 - Q
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . . 6.570%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribition Date . . . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $879,947,472.40
53 of 86
<PAGE>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1996 - Q
Certificates (the "Investor Default Amount")
1. Investor Default Amount . . . . . . . . . . . . . $4,066,132.42
2. Recoveries . . . . . . . . . . . . . . . . . . . . $1,442,837.80
3. Net Default Receivables . . . . . . . . . . . . . $2,623,294.62
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $3,557,865.86
2. Recoveries . . . . . . . . . . . . . . . . . . . . $1,262,483.08
3. Net Default Receivables . . . . . . . . . . . . . $2,295,382.78
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $508,266.56
2. Recoveries . . . . . . . . . . . . . . . . . . . . $180,354.72
3. Net Default Receivables . . . . . . . . . . . . . $327,911.84
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $642,857.14
54 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $1,071,428.57
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . . $10,285,714.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all
reductions thereof on the current
Distribution Date . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . . $128,571,429.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $128,571,429.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $138,857,143.00
b. The total Enhancement after giving
effect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $138,857,143.00
55 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
--------------------------------
Title: Vice President
56 of 86
<PAGE>
Exhibit 28-K
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
--------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1996 - R
February 8, 1999
--------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1996 - R
Supplement dated as of November 01, 1996 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $4.507
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest. . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest. . . $4.507
57 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1996 - R Certificates . . . . . . . . . $8,702,211.25
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $7,614,434.82
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $5,032,556.58
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1996 - R Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of the Series 1996 - R
Certificates, if any . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . $15,656,079,373.28
58 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1996 - R
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $457,142,858.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . $400,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1996 - R Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 2.920%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1996 - R
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 2.920%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $879,947,472.40
59 of 86
<PAGE>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1996 - R
Certificates (the "Investor Default Amount")
1. Investor Default Amount . . . . . . . . . . . . $1,807,169.97
2. Recoveries . . . . . . . . . . . . . . . . . . $641,261.24
3. Net Default Receivables . . . . . . . . . . . . $1,165,908.73
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $1,581,273.71
2. Recoveries . . . . . . . . . . . . . . . . . . $561,103.58
3. Net Default Receivables . . . . . . . . . . . . $1,020,170.13
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $225,896.26
2. Recoveries . . . . . . . . . . . . . . . . . . $80,157.66
3. Net Default Receivables . . . . . . . . . . . . $145,738.60
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $285,714.29
60 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $476,190.48
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . $4,571,429.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dis-
tribution Date . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . $57,142,858.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $57,142,858.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . $61,714,287.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $61,714,287.00
61 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
------------------------------
Title: Vice President
62 of 86
<PAGE>
Exhibit 28-L
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
- --------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1996 - S
February 8, 1999
- --------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1996 - S
Supplement dated as of November 01, 1996 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $4.556
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . . $4.556
63 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1996 - S Certificates . . . . . . . . . . $15,228,869.68
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . . $13,325,260.96
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . . $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . $8,772,751.79
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1996 - S Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1996 - S Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . . $15,656,079,373.28
64 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1996 - S
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . $800,000,000.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . . $700,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1996 - S Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 5.110%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1996 - S
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . . 5.110%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $879,947,472.40
65 of 86
<PAGE>
4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1996 - S
Certificates (the "Investor Default Amount")
1. Investor Default Amount . . . . . . . . . . . . . $3,162,547.44
2. Recoveries . . . . . . . . . . . . . . . . . . . . $1,122,207.19
3. Net Default Receivables . . . . . . . . . . . . . $2,040,340.25
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $2,767,229.00
2. Recoveries . . . . . . . . . . . . . . . . . . . . $981,931.29
3. Net Default Receivables . . . . . . . . . . . . . $1,785,297.71
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $395,318.44
2. Recoveries . . . . . . . . . . . . . . . . . . . . $140,275.90
3. Net Default Receivables . . . . . . . . . . . . . $255,042.54
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $500,000.00
66 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $833,333.34
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all withdrawals,
deposits and payments to be made on such
Distribution Date (the "Available Cash
Collateral Amount" for the next
Distribution Date). . . . . . . . . . . . . . . . . . $8,000,000.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all
reductions thereof on the current
Distribution Date . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . . $100,000,000.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $100,000,000.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $108,000,000.00
b. The total Enhancement after giving effect
to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $108,000,000.00
67 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
-----------------------------------
Title: Vice President
68 of 86
<PAGE>
Exhibit 28-M
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
- --------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1997 - T
February 8, 1999
- --------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1997 - T
Supplement dated as of October 1, 1997 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<CAPTION>
<S> <C>
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal
Amount)
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest. . . . . . . . . . . . . $4.507
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest. . . . . . . . . . . . . . . . . . .. $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest. . . . . . . . . . . . . . . . . . .. $4.507
</TABLE>
69 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series........ $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1997-T Certificates................. $13,053,316.87
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates......... $11,421,652.27
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest.............. $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date.............................. $7,548,834.86
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates........................... $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1997 - T Certificates, if any.................. $0.00
h. The amount of Excess Principal Collections
allocated in respect of
the Series 1997-T Certificate, if any.......... $0.00
2. Receivables in Trust
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series)....... $15,656,079,373.28
</TABLE>
70 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
b. The amount of Principal Receivables in the Trust
represented by the Series 1997 - T Certificates
(the "Adjusted Invested Amount") for the Due
Period with respect to the current Distribution
Date................................................ $685,714,286.00
c. The amount of Principal Receivables in the Trust
represented by the Class A Certificates (the
"Class A Adjusted Invested Amount") for the Due
Period with respect to the current Distribution
Date................................................ $600,000,000.00
d. The Invested Amount for the Due Period with
respect to the current Distribution Date........... $685,714,286.00
e. The Class A Invested Amount for the Due Period
with respect to the current Distribution Date....... $600,000,000.00
f. The Invested Percentage with respect to Finance
Charge Receivables (including Interchange) and
Defaulted Receivables for the Series 1997 - T
Certificates for the Due Period with respect to
the current Distribution Date....................... 4.380%
g. The Invested Percentage with respect to Principal
Receivables for the Series 1997 - T Certificates
for the Due Period with respect to the current
Distribution Date................................... 4.380%
h. The Class A Floating Percentage for the Due Period
with respect to the current Distribution Date....... 87.50%
i. The Class A Principal Percentage for the Due
Period with respect to the current Distribution
Date................................................ 87.50%
j. The Collateral Floating Percentage for the Due
Period with respect to the current Distribution
Date................................................ 12.50%
k. The Collateral Principal Percentage for the Due
Period with respect to the current Distribution
Date................................................ 12.50%
3. Delinquent Balances
The aggregate amount of outstanding balances in
the Accounts which were 30 or more days delinquent
as of the end of the Due Period for the current
Distribution Date................................... $879,947,472.40
</TABLE>
71 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
4. Investor Default Amount
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1997 - T
Certificates (the "Investor Default Amount").
1. Investor Default Amount.......................... $2,710,754.95
2. Recoveries....................................... $961,891.87
3. Net Default Receivables.......................... $1,748,863.08
b. The Class A Investor Default Amount
1. Investor Default Amount.......................... $2,371,910.58
2. Recoveries....................................... $841,655.39
3. Net Default Receivables.......................... $1,530,255.19
c. The Collateral Investor Default Amount
1. Investor Default Amount.......................... $338,844.37
2. Recoveries....................................... $120,236.48
3. Net Default Receivables.......................... $218,607.89
5. Investor Charge-offs
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date................................................ $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date................................................ $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date................................................ $0.00
6. Monthly Servicing Fee
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date................................................ $428,571.43
</TABLE>
72 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
b. The amount of the Interchange Monthly Servicing Fee
payable to the Servicer with respect to the current
Distribution Date..................................... $714,285.71
7. Available Cash Collateral Amount
a. The amount, if any, withdrawn from the Cash
Collateral Account for the current Distribution
Date (the "Withdrawal Amount")........................ $0.00
b. The amount available to be withdrawn from the Cash
Collateral Account as of the end of the day on the
current Distribution Date, after giving effect to
all withdrawals, deposits and payments to be made
on such Distribution Date (the "Available Cash
Collateral Amount" for the next Distribution Date).... $6,857,143.00
c. The amount as computed in 7.b as a percentage of
the Class A Adjusted Invested Amount after giving
effect to all reductions thereof on the current
Distribution Date..................................... 1.143%
8. Collateral Invested Amount
a. The Collateral Invested Amount for the current
Distribution Date..................................... $85,714,286.00
b. The Collateral Invested Amount after giving effect
to all withdrawals, deposits, and payments on the
current Distribution Date............................. $85,714,286.00
9. Total Enhancement
a. The total Enhancement for the current Distribution
Date.................................................. $92,571,429.00
b. The total Enhancement after giving effect to all
withdrawals, deposits and payments on the current
Distribution Date..................................... $92,571,429.00
</TABLE>
73 of 86
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
C. The Pool Factor
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last
day of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor.................................................. 100.00000000%
D. Principal Funding Account
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds................................. $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date.............. $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date.................................................... $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period............................ $0.00
E. Reserve Account
1. The Reserve Draw Amount for the current
Distribution Date....................................... $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date)......... $0.00
</TABLE>
FCC National Bank,
Servicer
By /s/ James A. Harwood
------------------------------
Title: Vice President
74 of 86
<PAGE>
Exhibit 28-N
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
- --------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1997 - U
February 8, 1999
- --------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1997 - U
Supplement dated as of October 01, 1997 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . $4.547
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $4.547
75 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series.............. $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1997 - U Certificates..................... $8,702,211.25
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates............... $7,614,434.82
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest.................... $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date.................................... $5,016,556.58
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates................................. $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1997 - U Certificates, if any........................ $0.00
h. The amount of Excess Principal Collections
allocated in respect of the Series 1997 - U
Certificates, if any................................. $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series)............. $15,656,079,373.28
76 of 86
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1997 - U
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date.................................... $457,142,858.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested Amount")
for the Due Period with respect to the
current Distribution Date............................ $400,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Distribution
Date................................................. $457,142,858.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution Date.................................... $400,000,000.00
f. The invested Percentage with respect to
Finance Charge Receivables (including
interchange) and Defaulted Receivable for
the Series 1997 - U Certificates for the Due
Period with respect to the current
Distribution Date.................................... 2.920%
g. The Invested Percentage with respect
to Principal Receivables for the Series
1997-U Certificates for the Due Period
with respect to the current Distribution
Date................................................. 2.920%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date.................................... 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date.................................... 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date ................................... 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date.................................... 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date.................................................. $879,947,472.40
77 of 87
<PAGE>
4. Investor Default Amount
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1997 - U
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . . . . . $1,807,169.97
2. Recoveries . . . . . . . . . . . . . . . . . . . . $641,261.24
3. Net Default Receivables . . . . . . . . . . . . . $1,165,908.73
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $1,581,273.71
2. Recoveries . . . . . . . . . . . . . . . . . . . . $561,103.58
3. Net Default Receivables . . . . . . . . . . . . . $1,020,170.13
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $225,896.26
2. Recoveries . . . . . . . . . . . . . . . . . . . . $80,157.66
3. Net Default Receivables . . . . . . . . . . . . . $145,738.60
5. Investor Charge-Offs
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $285,714.29
78 of 86
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $476,190.48
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . . $4,571,429.00
c. The amount as computed in 7.b as a
percentage of the Class A Adjusted Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . . $57,142,858.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date . . . . . . . . . . . . . . . . . . $57,142,858.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . . $61,714,287.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $61,714,287.00
79 of 86
<PAGE>
C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the
last day of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds . . . . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . . . . $0.00
E. Reserve Account.
1. The Reserve Draw Amount for the current
Distribution Date . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution
Date) . . . . . . . . . . . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
____________________________________
Title: Vice President
80 of 86
<PAGE>
Exhibit 28-O
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
- -------------------------------------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1998 - V
February 8, 1999
- -------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1998 - V
Supplement dated as of November 01, 1998 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the February 16, 1999 Payment Date and with respect to
the performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
(Stated on the Basis of $1,000 Original Principal Amount).
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . $4.693
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $4.693
81 of 86
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . $638,049,536.58
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1998 - V Certificates . . . . . . . $21,755,528.14
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . $19,036,087.10
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . $19.036
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . $12,394,724.81
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1998 - V Certificates, if any . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of
the Series 1998 - V Certificates, if any . . . . . $0.00
2. Receivables in Trust.
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . $15,656,079,373.28
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b. The amount of Principal Receivables in
the Trust represented by the Series 1998 - V
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . $1,142,857,143.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . $1,000,000,000.00
d. The Invested Amount for the Due Period
with respect to the current
Distribution Date . . . . . . . . . . . . $1,142,857,143.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . $1,000,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1998 - V Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . 7.300%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1998 - V
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . 7.300%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . $879,947,472.40
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4. Investor Default Amount.
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1998 - V
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . $4,517,924.90
2. Recoveries . . . . . . . . . . . . . $1,603,153.13
3. Net Default Receivables . . . . . . . . . $2,914,771.77
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . $3,953,184.29
2. Recoveries . . . . . . . . . . . . . $1,402,758.98
3. Net Default Receivables . . . . . . . . . $2,550,425.31
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . $564,740.61
2. Recoveries . . . . . . . . . . . . . $200,394.15
3. Net Default Receivables . . . . . . . . . $364,346.46
5. Investor Charge-offs.
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . $714,285.71
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b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . $1,190,476.19
7. Available Cash Collateral Amount.
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . $11,428,572.00
c. The amount as computed in 7.b as a
percentage of the Class A Adjusted Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . $142,857,143.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date . . . . . . . . . . . . $142,857,143.00
9. Total Enhancement.
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . $154,285,715.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . $154,285,715.00
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C. The Pool Factor.
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last
day of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . $0.00
E. Reserve Account.
1. The Reserve Draw Amount for the current
Distribution Date . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date) . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
--------------------------------
Title: Vice President
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