SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 7,1996
COLONIAL CREDIT CARD TRUST 1992-A
(Exact name of Registrant as specified in its charter)
New York Reg. No. 33-45306 Not Required
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
Colonial National Bank USA
Attention: Gene S. Schneyer
Brandywine Corporate Center
650 Naamans Road
Claymont, Delaware 19703
(Address of Owner/Servicer)
Address of principal executive offices)
(302) 791-4400 (Telephone Number of Owner/Servicer)
(Registrant's Telephone Number)
Items 1-4. Inapplicable.
Item 5. Other Events.
Information relating to the distributions to
Certificateholders for the May 1996 Monthly Period
of the Trust in respect of the Floating Rate
Asset Backed Certificates (the "Certificates")
issued by the Registrant and to the performance of
the Trust (including collections of Principal
Receivables and Finance Charge Receivables,
Principal Receivables in the Trust, delinquent
balances in Accounts, the Investor Default
Amounts, the amount of Investor Charge Offs, and
the Investor Servicing Fees), together with
certain other information relating to the
Certificates, is contained in the Monthly Report
for the Monthly Period provided to
Certificateholders pursuant to the Pooling and
Servicing Agreement (the "Agreement") dated as of
February 1, 1992 between Colonial National Bank
USA and Bankers Trust Company, as trustee.
Capitalized terms not otherwise defined herein
have the meanings assigned in the Agreement.
Item 6. Inapplicable.
Item 7. Financial Statements, Pro Forma
Financial Information and Exhibits.
1. Monthly Reports for the May 1996 Monthly Period
relating to the Floating Rate Asset Backed Certificates
issued by the Colonial Credit Card Trust 1992-A.
SIGNATURE
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 thereunto
duly authorized.
COLONIAL CREDIT CARD TRUST 1992-A
(Registrant)By:
COLONIAL NATIONAL BANK USA
(Owner/Servicer)
Date: June 17, 1996 By:/s/ Michael Coco
Name:Michael Coco
Title:Vice President
SIGNATURE
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 thereunto
duly authorized.
COLONIAL CREDIT CARD TRUST 1992-A
(Registrant)
By: COLONIAL NATIONAL BANK USA
(Owner/Servicer)
Date: June 17, 1996
By:____________________________
Name:Michael Coco
Title:Vice President
EXHIBIT INDEX
Exhibit Sequential Page Number
5
1. Monthly Reports for the Monthly May 1996
Period relating to the Floating Rate Asset Backed
Certificates issued by the Colonial Credit Card
Trust 1992-A.
May 1996
MONTHLY OWNER/SERVICER CERTIFICATE
ADVANTA NATIONAL BANK USA
_______________________________________________
ADVANTA CREDIT CARD TRUST 1992-A
______________________________________________
The undersigned, a duly authorized representative of
Advanta National Bank USA (the "Bank"), as Owner/Servicer
pursuant to the Pooling and Servicing Agreement dated as of
February 1, 1992 (as amended, modified or supplemented the
"Pooling and Servicing Agreement") by and between the Bank
and Bankers Trust Company, as trustee (the "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; provided that (i) the "Related Monthly
Period" shall mean the Monthly Period immediately preceding
the Monthly Period in which this Certificate is given and
(ii) the "current Monthly Period" shall mean the Monthly
Period in which this Certificate is given.
2. The Bank is Owner/Servicer under the Pooling and Servicing
Agreement.
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination
Date under the Pooling and Servicing Agreement.
5. The aggregate amount of Collections processed
during the Related Monthly Period was equal
to $ 30,434,258.47
6. The aggregate amount of
the Investor Percentage of Collections of
Principal Receivables processed by the
Owner/Servicer pursuant to Section 4.03
during the Related Monthly Period was
equal to . $ 22,818,214.00
7. The aggregate amount of the Investor Percentage of
Collections of Finance Charge Receivables (other than
Recoveries) processed by the Owner/Servicer
pursuant to Section 4.03 during the
Related Monthly Period was equal to . . $ 634,195.00
8. The aggregate amount of the Investor Percentage of
Collections of Finance Charge Receivables that constitute
Recoveries on Receivables in Defaulted Accounts processed by
the Owner/Servicer pursuant to Section 4.03 during the
Related Monthly Period was equal
to . . . . . . . . $ 12,659.00
9. The aggregate amount of
Receivables (net of Receivables in
Defaulted Accounts) as of the end of the
last day of the Related Monthly Period was
equal to . . . . . . . . . $ 245,380,707.23
10. The aggregate amount of funds on
deposit in the Finance Charge Account with
respect to Collections processed as of the
end of the last day of the Related
Monthly Period was equal to . . . . . . $ 709,354.00
11. The aggregate amount of
funds on deposit in the Principal
Account with respect to Collections
processed as of the end of the last
day of the Related Monthly Period was
equal to . . . . . $ 16,666,666.67
12. The Carryover Controller Amor-
itization Amount as of the end of the last
day of the Related Monthly Period was equal
to. . . . . . . . . . . . . . . . . . $ 0.00
13. The Controlled Distribution Amount
as of the end of the last day of the
Related Monthly Period was equal
to. . . . .$ 16,666,666.67
14. Aggregate amount of funds on
deposit in Principal Account to be paid to
the holder of the Seller Certificate
pursuant to Section 4.03(C)(iii) was equal
to. . . . . . . . . . . . . . . $ 0.00
15. The Carryover Controlled Amor-
tization Amount for the next succeeding
Monthly Period is equal to. . . . $ 0.00
16. The aggregate amount of
drawings to be made under the Cash
Collateral Guaranty required to be made
pursuant to Sections 4.05(a), 4.05(b),
4.05(c) and 4.05(d) on the Drawing
Date of the current Monthly Period is
equal to . . . . . . . $ 0.00
17. (a) The aggregate amount
to be paid to the Cash Collateral Trustee
pursuant to subsection 4.05(f)
from the Finance Charge Account on
the Transfer Date of the current
Monthly Period is equal to . . . . $ 123,066.00
(b) The amount in 17(a) above
includes an amount in respect of
interest on drawings equal to . . $ 0.00
18. The sum of all amounts
payable to the Investor
Certificateholders on the
Distribution Date of the current
Monthly Period is equal to . . . $ 16,949,999.67
19. Attached hereto is a true
and correct copy of the statement
required to be delivered by the
Owner/Servicer on the date of this
Certificate to the Paying Agent
pursuant to Section 5.02.
20. To the best knowledge of
the undersigned, there are no liens
on any Receivables in the Trust
except as described below [if ap-
applicable, insert "None"].
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this certificate this 7th day
of June ,1996
ADVANTA NATIONAL BANK USA
as Owner/Servicer
By:______________________
Title: Vice President
May 1996
MONTHLY CERTIFICATEHOLDERS' STATEMENT
ADVANTA NATIONAL BANK USA
_________________________________________________
ADVANTA CREDIT CARD TRUST 1992-A
__________________________________________________
Under the Pooling and Servicing Agreement dated as of
February 1, 1992 by and between Advanta National Bank USA
(the "Bank") and Bankers Trust Company, as trustee (the
"Trustee"), the Bank, as Owner/Servicer, is required to
prepare certain information each month regarding current
distributions to the holders of the Certificates (the
"Certificateholders") and the performance of the Advanta
Credit Card Trust 1992-A (the "Trust") during the previous
Monthly Period. The information which is required to be
prepared with respect to the distribution of June 17,1996,
(the 'Distribution Date') and with respect to the
performance of the Trust during the monthly period of May
ending May 31, 1996, is set forth below.
Certain of the information is presented on the basis of and
original principal amount of $1,000 per Certificate.
Certain other information is presented based on the
aggregate amounts for the Trust as a whole.
A. Information Regarding the Current Monthly
Distribution (Stated on the Basis of $1,000
Original Principal Amount).________________
1. The total amount of the distribution on
the Distribution Date toCertificateholders
per $1,000 original
principal amount . . . . . . . . . $84.7500
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal of Certificates, per $1,000
original principal amount . . . . $83.3333
3. The amount of distribution set forth in
paragraph 1 above in respect of interest
in Certificates, per $1,000 original
principal amount reflecting an effective
interest rate of 6.80% per annum for the
applicable Interest Period . . $1.4167
B. Information Regarding the Performance of the
Trust
1. Collection of Principal Receivables
The aggregate amount of cardholder
payments on Principal Receivables
processed during the Monthly Period
which were allocated in respect of
the Certificates. . . . . . . . $22,818,214.00
2. Collections of Finance Charge Receivables
The aggregate amount of cardholder pay-
ments of Finance Charge Receivables
processed during the Monthly Period
which were allocated in respect of the
Certificates . . . . . . . . . $634,195.00
The aggregate amount of Finance Charge
Receivables processed during the Monthly
Period that constitute Recoveries on
Receivables in Defaulted Accounts which
were allocated in respect of the
Certificates . . . . . . . . . $12,659.00
The aggregate amount of Finance Charge
Receivables processed during the Monthly
Period that constitutes Interchange Fees
which were allocated in respect to the
Certificates . . . . . . . . . $62,500.00
3. Principal Receivables in the Trust
The aggregate amount of Principal Re-
ceivables in the Trust as of the end of
the day on the Record Date (which re-
flects the Principal Receivables repre-
sented by the Seller Interest in the
Trust and by the Certificates) $242,486,207.51
The amount of the Principal Receivables
in the Trust represented by the
Certificates (the "Investor Interest")
as of the Record Date . . . . . $33,333,333.30
The percentage of aggregate Principal
Receivables in the Trust represented by
the Investor Interest . . . . . 13.75%
4. Delinquent Balances.
The aggregate amount of outstanding prin-
cipal balances in the Accounts which were
30 or more days contractually delinquent
as of the end of the day on the Record Aggregate
Account Date: Balance
30-59 days: . . . . . . . . . . . $2,961,657.36
60-89 days: . . . . . . . . . . . $1,736,475.94
90-119 days: . . . . . . . . . . . $1,195,656.81
120-149 days: . . . . . . . . . . $883,401.13
150-179 days: . . . . . . . . . . $855,081.48
180 or more days: . . . . . . . . $179,451.97
5. Investor Default Amount
The aggregate amount of all defaulted
Principal Receivables written off as un-
collectible during the Monthly Period
allocable to the Certificates (the
"Investor Default Amount"). . . . . . . $219,622.00
6. Investor Charge Offs; Reimbursement
of Charge-Offs
(a) The excess of the Investor Default
Amount set forth in paragraph 5
above, over the amount of the
drawing under the Cash Collateral
Guaranty made to reimburse the
Trust for such amount written off
(an "Investor Charge Off") . . . . . $0.00
(b) The amount of the Investor Charge
off set forth in paragraph 6(a)
above, per $1,000 original principal
amount (which will have the effect
of reducing, pro rata, the amount
of each Certificateholder's
investment) . . . . . .. $0.00
(c) The total amount reimbursed to the
trust in the current Monthly Period
from a drawing under the Cash Col-
lateral Guaranty in respect of In-
vestor Charge Offs in prior
months . . $0.00
(d) The amount set forth in paragraph
6(c) above, per $1,000 original
principal amount (which will have
the effect of increasing, pro rata,
the amount of each Certificate-
holder's investment) . . . . . . . . $0.00
7. Investor Servicing Fee
The amount of the Investor Monthly Ser-
vicing Fee payable by the Trust to the
Owner/Servicer for the Monthly Period
is equal to . . . . . . . . . . . . . . $83,333.00
8. Cash Collateral Fee Guaranty Amount
The amount available to be drawn under
the Cash Collateral Guaranty as of the
end of the day on the "Distribution
Date", after giving effect to all draw-
ings, deposits and payments to be made
in respect of the preceding Monthly
Period . . . . . . . . . . . . . . $6,000,000.00
9. The Pool Factor
The Pool Factor (which represents the
ratio of the Investor Interest on the
last day of the Monthly Period to the
Investor Interest as of the Closing
Date). The amount of Certificatehol-
der's pro rata share of the Investor
Interest can be determined by multiply-
ing the original denomination of the
holder's Certificate by the Pool Factor. 0.17
10. The Portfolio Yield for the Monthly
Period was equal to. . . . . 11.75%
11. The Carryover Control Amortization
Amount, which represents the amount by
which distribution of principal on the
current Distribution Date is exceeded
by the Controlled Distribution Amount . . 0.00
12. The Base Rate of the Monthly Period was
equal to. . . . . . . . . . 8.80%
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this certificate this 7th day
of June ,1996
ADVANTA NATIONAL BANK USA
as Owner/Servicer
By:___________________________
Title: Vice President
