<PAGE>
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: June 15, 1999
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I"
Series 1999-1)
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(Issuer of Securities)
THE CHASE MANHATTAN BANK (formerly known as 'Chemical Bank')
(Sponsor of the Trust)
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(Exact name of registrant as specified in its charter)
United States 33-40006 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
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Item 5. Other Events:
On or about April 15, 1999 Monthly Interest as defined in the
Pooling and Servicing Agreement dated as of October 19, 1995 (the "Agreement")
between The Chase Manhattan Bank (formerly known as 'Chemical Bank ') and The
Bank of New York, as Trustee (the "Trustee"), was distributed to holders
("Certificateholders") of participations in the Chase Credit Card Master Trust
(formerly known as "Chemical Master Credit Card Trust I") for Series 1999-1 in
accordance with the Agreement. A copy of the applicable Monthly Report, as
defined in the Agreement, has been furnished to the Certificateholders in
accordance with the Agreement. A copy of the Monthly Report is being filed as
exhibit 20.1 to this Current Report on Form 8-K.
On or about May 17, 1999 Monthly Interest as defined in the
Pooling and Servicing Agreement dated as of October 19, 1995 (the "Agreement")
between The Chase Manhattan Bank (formerly known as 'Chemical Bank ') and The
Bank of New York, as Trustee (the "Trustee"), was distributed to holders
("Certificateholders") of participations in the Chase Credit Card Master Trust
(formerly known as "Chemical Master Credit Card Trust I") for Series 1999-1 in
accordance with the Agreement. A copy of the applicable Monthly Report, as
defined in the Agreement, has been furnished to the Certificateholders in
accordance with the Agreement. A copy of the Monthly Report is being filed as
exhibit 20.2 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Report with respect to the
April 15, 1999 distribution
20.2 Monthly Report with respect to the May
17, 1999 distribution
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: June 30, 1999
The Chase Manhattan Bank,
as Servicer
By: /s/ Patrick Margey
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Name: Patrick Margey
Title: Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Monthly Report with respect to the
April 15, 1999 distribution
20.2 Monthly Report with respect to the May
17, 1999 distribution
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Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-1
<TABLE>
<CAPTION>
Distribution Date: 4/15/1999
Period Type: Revolving
Section 5.2 - Supplement Class A Class B Collateral Total
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<S> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 4,485,328.75 390,548.23 568,695.94 5,444,572.92
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 82,602,666.51 6,883,555.54 8,850,285.71 98,336,507.77
(iv) Collections of Finance Charge Receivables 11,115,485.14 926,290.43 1,190,944.84 13,232,720.40
(v) Aggregate Amount of Principal Receivables 17,240,234,835.67
Investor Interest 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
Adjusted Interest 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
Series
Floating Investor Percentage 5.18% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 5.18% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 95.82%
30 to 59 days 1.34%
60 to 89 days 0.89%
90 or more days 1.95%
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Total Receivables 100.00%
(vii) Investor Default Amount 2,195,483.72 182,956.98 235,230.40 2,613,671.10
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 583,333.33 48,611.11 62,500.00 694,444.44
(xi) Portfolio Yield (Net of Defaulted
Receivables) 15.86%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
(xiv) LIBOR 4.96609%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii) Principal Funding Investment Proceeds 0.00
(xx) Principal Investment Funding Shortfall 0.00
(xxi) Available Funds 10,532,151.80 877,679.32 1,128,444.84 12,538,275.96
(xxii) Certificate Rate 5.12609% 5.35609% 6.16609%
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</TABLE>
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Chase Manhattan Bank USA, N.A.
Monthly Certificateholder's Statement
Chase Credit Card Master Trust
Series 1999-1
<TABLE>
<CAPTION>
Distribution Date: 5/17/99
Period Type: Revolving
Section 5.2 - Supplement Class A Class B Collateral Total
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<S> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 3,390,833.33 295,347.22 430,446.43 4,116,626.98
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal 90,147,727.56 7,512,310.63 9,658,685.11 107,318,723.31
Receivables
(iv) Collections of Finance Charge Receivables 11,147,205.81 928,933.82 1,194,343.48 13,270,483.11
(v) Aggregate Amount of Principal Receivables 18,471,318,946.69
Investor Interest 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
Adjusted Interest 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
Series
Floating Investor Percentage 4.83% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 4.83% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of
Total Receivables)
Current 96.17%
30 to 59 days 1.21%
60 to 89 days 0.84%
90 or more days 1.78%
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Total Receivables 100.00%
(vii) Investor Default Amount 3,668,061.93 305,671.83 393,006.64 4,366,740.40
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 625,000.00 52,083.33 66,964.29 744,047.62
(xi) Portfolio Yield (Net of Defaulted Receivables) 11.97%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 750,000,000.00 62,500,000.00 80,357,143.00 892,857,143.00
(xiv) LIBOR 4.92625%
(xv) Principal Funding Account Balance 0.00
(xvii) Accumulation Shortfall 0.00
(xviii)Principal Funding Investment 0.00
Proceeds
(xx) Principal Investment Funding 0.00
Shortfall
(xxi) Available Funds 10,522,205.81 876,850.48 1,127,379.20 12,526,435.49
(xxii) Certificate Rate 5.08625% 5.31625% 6.12625%
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</TABLE>
