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: December 23, 1996
CHASE MANHATTAN CREDIT CARD MASTER TRUST
----------------------------------------
(Exact name of registrant as
specified in its charter)
CHASE MANHATTAN BANK USA, N.A. (formerly known as
"The Chase Manhattan Bank (USA)")
(Sponsor of the Trust)
United States 33-40006 22-2382028
--------------- ----------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
802 Delaware Avenue, Wilmington, Delaware 19801
------------------------------------------ ----------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (302) 575-5050
<PAGE>
Item 5. Other Events
On December 16, 1996, Chase Manhattan Credit Card Master Trust made the
distributions to Certificateholders contemplated by the Amended Pooling and
Servicing Agreement dated as of July 1, 1996, (the "Agreement"), between
Chase Manhattan Bank USA, N.A. and Yasuda Bank and Trust Company (U.S.A.)
(the "Trustee"), as supplemented by the Series Supplements for each of
Series 1991-1, Series 1992-1, Series 1995-1, Series 1995-2, Series 1996-1,
Series 1996-2, Series 1996-3 and Series 1996-4 in accordance with the Agreement.
Copies of the monthly Certificateholders' Statements for such
distributions are being filed as Exhibit 20.1 to this Current Report on
form 8-K.
Item 7 (c). Exhibits
Exhibit Description
------- -----------
20.1 Monthly Certificateholders' Statements
with respect to the December 16, 1996
distribution.
<PAGE>
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.
Date: December 23, 1996
Chase Manhattan Credit Card Master Trust
By: Chase Manhattan Bank USA, N.A. as Servicer
By: /s/ Patricia Garvey
-------------------
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit Description
------- -----------
20.1 Monthly Certificateholders' Statements
with respect to the December 16, 1996
distribution to Certificateholders for
Series 1991-1, Series 1992-1, Series 1995-1,
Series 1995-2, Series 1996-1, Series 1996-2,
Series 1996-3 and Series 1996-4
Exhibit 20.1
------------
CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1991-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 65
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 83.940965
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 83.333326
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.607639
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 64 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 65 $ 9,600,189,797
C. Investor Interest, end of period 64 $ 83,333,326
D. Investor Interest, end of period 65 $ 0
E. Investor Interest as a percentage
of Trust Principal Receivables, period 64 0.8539%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 65 0.0000%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 60 11.70%
2. Period - 61 12.44%
3. Period - 62 11.37%
4. Period - 63 11.59%
5. Period - 64 11.71%
6. Period - 65 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 97,790,930
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
<PAGE>
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 1,140,199
F. Annualized gross portfolio yield for:
1. Period - 63 17.05%
2. Period - 64 16.55%
3. Period - 65 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 342,231
B. Investor default Percentage for:
1. Period - 63 4.48%
2. Period - 64 3.98%
3. Period - 65 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 10.90%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 63 1.67%
2. Period - 64 1.68%
3. Period - 65 0.59%
4. 3 mo. avg. 1.31%
VI. Monthly Investor Servicing Fee $ 149,306
VII. Draw from Cash Collateral Account $ 0
VIII. Required Cash Collateral Amount $ 0
IX. Available Cash Collateral Amount $ 0
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 0.000000000000
<PAGE>
CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1992-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 57
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 88.472222
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 83.333333
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 5.138889
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 56 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 57 $ 9,600,189,797
C. Investor Interest, end of period 56 $ 625,000,000
D. Investor Interest, end of period 57 $ 562,500,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 56 6.4045%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 57 5.8593%
III. Collections During Due Period
A. Aggregate amount of Collections
processed during the preceding
Monthly Period $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 52 11.70%
2. Period - 53 12.44%
3. Period - 54 11.37%
4. Period - 55 11.59%
5. Period - 56 11.71%
6. Period - 57 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
during the preceding
Monthly period $ 74,769,526
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
<PAGE>
E. Collections of Finance Charges
during the preceding
Monthly Period $ 8,551,490
F. Annualized gross portfolio yield for:
1. Period - 55 17.05%
2. Period - 56 16.55%
3. Period - 57 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 2,566,734
B. Investor default Percentage for:
1. Period - 55 4.48%
2. Period - 56 3.98%
3. Period - 57 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 9.65%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 55 2.92%
2. Period - 56 2.93%
3. Period - 57 1.84%
4. 3 mo. avg. 2.56%
VI. Monthly Investor Servicing Fee $ 1,119,792
VII. Withdrawal from Cash Collateral Account
under Section 4.06 $ 0
VIII. Required Cash Collateral Amount $ 61,875,000
IX. Available Cash Collateral Amount $ 61,875,000
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 0.750000000000
<PAGE>
CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1995-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 21
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 4.775636
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.000000
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 4.775636
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 20 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 21 $ 9,600,189,797
C. Investor Interest, end of period 20 $ 1,000,000,000
D. Investor Interest, end of period 21 $ 1,000,000,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 20 10.2472%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 21 10.4165%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 16 11.70%
2. Period - 17 12.44%
3. Period - 18 11.37%
4. Period - 19 11.59%
5. Period - 20 11.71%
6. Period - 21 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 98,218,395
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 13,682,385
<PAGE>
F. Annualized gross portfolio yield for:
1. Period - 19 17.05%
2. Period - 20 16.55%
3. Period - 21 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 4,106,774
B. Investor default Percentage for:
1. Period - 19 4.48%
2. Period - 20 3.98%
3. Period - 21 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 7.70%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 19 4.75%
2. Period - 20 4.76%
3. Period - 21 3.75%
4. 3 mo. avg. 4.42%
VI. Monthly Investor Servicing Fee $ 1,791,667
VII. Draw from Cash Collateral Account $ 0
VIII. Required Cash Collateral Amount $ 10,000,000
IX. Available Cash Collateral Amount $ 10,000,000
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
<PAGE>
THE CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1995-2
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 18
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 4.764872
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.000000
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 4.764872
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 17 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 18 $ 9,600,189,797
C. Investor Interest, end of period 17 $ 1,500,000,000
D. Investor Interest, end of period 18 $ 1,500,000,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 17 15.3708%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 18 15.6247%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 13 11.70%
2. Period - 14 12.44%
3. Period - 15 11.37%
4. Period - 16 11.59%
5. Period - 17 11.71%
6. Period - 18 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 147,327,593
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
<PAGE>
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 20,523,577
F. Annualized gross portfolio yield for:
1. Period - 16 17.05%
2. Period - 17 16.55%
3. Period - 18 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 6,160,161
B. Investor default Percentage for:
1. Period - 16 4.48%
2. Period - 17 3.98%
3. Period - 18 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 7.68%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 16 4.76%
2. Period - 17 4.77%
3. Period - 18 3.76%
4. 3 mo. avg. 4.43%
VI. Monthly Investor Servicing Fee $ 2,687,500
VII. Draw from Cash Collateral Account $ 0
VIII. Required Cash Collateral Amount $ 15,000,000
IX. Available Cash Collateral Amount $ 15,000,000
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
<PAGE>
CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1996-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 10
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 4.751826
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.000000
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 4.751826
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 9 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 10 $ 9,600,189,797
C. Investor Interest, end of period 9 $ 1,500,000,000
D. Investor Interest, end of period 10 $ 1,500,000,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 9 15.3708%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 10 15.6247%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 5 11.70%
2. Period - 6 12.44%
3. Period - 7 11.37%
4. Period - 8 11.59%
5. Period - 9 11.71%
6. Period - 10 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 147,327,593
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 20,523,577
<PAGE>
F. Annualized gross portfolio yield for:
1. Period - 8 17.05%
2. Period - 9 16.55%
3. Period - 10 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 6,160,161
B. Investor default Percentage for:
1. Period - 8 4.48%
2. Period - 9 3.98%
3. Period - 10 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 7.67%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 8 4.78%
2. Period - 9 4.79%
3. Period - 10 3.78%
4. 3 mo. avg. 4.45%
VI. Monthly Investor Servicing Fee $ 2,687,500
VII. Draw from Cash Collateral Account $ 0
VIII. Required Cash Collateral Amount $ 0
IX. Available Cash Collateral Amount $ 0
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
<PAGE>
THE CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1996-2
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 7
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 0.447579
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.000000
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.447579
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 6 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 7 $ 9,600,189,797
C. Investor Interest, end of period 6 $ 296,703,297
D. Investor Interest, end of period 7 $ 296,703,297
E. Investor Interest as a percentage
of Trust Principal Receivables, period 6 3.0404%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 7 3.0906%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 2 11.70%
2. Period - 3 12.44%
3. Period - 4 11.37%
4. Period - 5 11.59%
5. Period - 6 11.71%
6. Period - 7 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 29,141,722
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
<PAGE>
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 4,059,609
F. Annualized gross portfolio yield for:
1. Period - 5 17.05%
2. Period - 6 16.55%
3. Period - 7 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 1,218,493
B. Investor default Percentage for:
1. Period - 5 4.48%
2. Period - 6 3.98%
3. Period - 7 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 7.75%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 5 4.80%
2. Period - 6 4.81%
3. Period - 7 3.73%
4. 3 mo. avg. 4.45%
VI. Monthly Investor Servicing Fee $ 531,593
VII. Draw from Cash Collateral Account $ 0
VIII. Required Cash Collateral Amount $ 7,862,637
IX. Available Cash Collateral Amount $ 7,862,637
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
<PAGE>
THE CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1996-3
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 6
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 5.815530
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.000000
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 5.815530
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 5 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 6 $ 9,600,189,797
C. Investor Interest, end of period 5 $ 1,069,519,786
D. Investor Interest, end of period 6 $ 1,069,519,786
E. Investor Interest as a percentage
of Trust Principal Receivables, period 5 10.9596%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 6 11.1406%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 1 11.70%
2. Period - 2 12.44%
3. Period - 3 11.37%
4. Period - 4 11.59%
5. Period - 5 11.71%
6. Period - 6 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 105,046,517
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 14,633,581
<PAGE>
F. Annualized gross portfolio yield for:
1. Period - 4 17.05%
2. Period - 5 16.55%
3. Period - 6 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 4,392,276
B. Investor default Percentage for:
1. Period - 4 4.48%
2. Period - 5 3.98%
3. Period - 6 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 9.12%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 4 3.44%
2. Period - 5 3.45%
3. Period - 6 2.37%
4. 3 mo. avg. 3.09%
VI. Monthly Investor Servicing Fee $ 1,916,223
VII. Draw from Cash Collateral Account $ 5,347,599
VIII. Required Cash Collateral Amount $ 16,042,797
IX. Available Cash Collateral Amount $ 16,042,797
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
<PAGE>
CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1996-4
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 6
Monthly Period - Beginning Date 11/01/1996
Monthly Period - End Date 11/30/1996
Determination Date 12/06/1996
Remittance Date 12/16/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 5.570857
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 0.000000
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 5.570857
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 5 $ 9,758,780,843
B. Aggregate Principal Receivables in
Trust, end of period 6 $ 9,600,189,797
C. Investor Interest, end of period 5 $ 1,069,519,786
D. Investor Interest, end of period 6 $ 1,069,519,786
E. Investor Interest as a percentage
of Trust Principal Receivables, period 5 10.9596%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 6 11.1406%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,082,926,494
B. Monthly Pay Rate for:
1. Period - 1 11.70%
2. Period - 2 12.44%
3. Period - 3 11.37%
4. Period - 4 11.59%
5. Period - 5 11.71%
6. Period - 6 10.87%
7. 6 mo. avg. 11.61%
C. Collections of Principal Receivables
allocated to Certificateholders $ 105,046,517
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 14,633,581
<PAGE>
F. Annualized gross portfolio yield for:
1. Period - 4 17.05%
2. Period - 5 16.55%
3. Period - 6 16.42%
4. 3 mo. avg. 16.67%
<TABLE>
<CAPTION>
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
<S> <C> <C>
A. Less than 30 days delinquent $ 713,075,992.79 7.26%
B. 30 - 59 days delinquent $ 203,853,433.64 2.08%
C. 60 - 89 days delinquent $ 118,113,923.67 1.20%
D. 90 or more days delinquent $ 194,593,029.38 1.98%
E. Total $ 1,229,636,379.48 12.52%
</TABLE>
V. Default Summary
A. Aggregate Investor Default Amount $ 4,392,276
B. Investor default Percentage for:
1. Period - 4 4.48%
2. Period - 5 3.98%
3. Period - 6 4.93%
4. 3 mo. avg. 4.46%
C. Investor Charge Offs
1. Aggregate dollar amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
D. Reimbursed Investor Charge Offs
1. Aggregate dollar Amount $ 0
2. Per $1000 of Initial Investor Certificate $ 0
E. Base Rate 8.82%
F. Net Portfolio Yield Minus Base Rate for:
1. Period - 4 3.73%
2. Period - 5 3.74%
3. Period - 6 2.66%
4. 3 mo. avg. 3.38%
VI. Monthly Investor Servicing Fee $ 1,916,223
VII. Draw from Cash Collateral Account $ 5,347,599
VIII. Required Cash Collateral Amount $ 16,042,797
IX. Available Cash Collateral Amount $ 16,042,797
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
