LETTERHEAD OF THE CHASE MANHATTAN BANK
September 13, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Chase Manhattan Credit Card Master Trust
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
Ladies and Gentlemen:
I am sending for filing on behalf of the above-referenced issuer and in
connection with the above-referenced securities a Current Report on Form 8-K
dated September 13, 1996.
Please confirm your receipt of such transmittal.
Very truly yours,
/s/Martin R. Joyce
Martin R. Joyce
Enclosures
<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: September 13, 1996
CHASE MANHATTAN CREDIT CARD MASTER TRUST
(Issuer of Securities)
THE CHASE MANHATTAN BANK USA, N.A.
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
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 August 15, 1996, interest in accordance with the Pooling and
Servicing Agreement dated as of June 1, 1991, (the "Agreement"), among The Chase
Manhattan Bank USA, N.A. and Yasuda Bank and Trust Company (U.S.A.) (the
"Trustee"), was distributed to holders ("Certificateholders") of the
Certificates evidencing undivided interests in the Chase Manhattan Credit Card
Master Trust, 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.
A copy of the monthly Certificateholders' statement is being filed as
Exhibit 20.1 to this Current Report on form 8-K.
Item 7 (c). Exhibits
Exhibit Description
20.1 Monthly Certificateholders' statement with respect to
the August 15, 1996 distribution to Certificateholders
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Bank has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
CHASE MANHATTAN CREDIT CARD MASTER TRUST
By: The Chase Manhattan Bank USA, N.A. as Servicer
By: /s/Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
Dated: September 13, 1996
<PAGE>
INDEX TO EXHIBITS
Exhibit Description
------- -----------
20.1 Monthly Certificateholders'
Statements with respect to the
August 15, 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
<PAGE>
Exhibit 20.1
------------
THE CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1991-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 61
Monthly Period - Beginning Date 07/01/1996
Monthly Period - End Date 07/31/1996
Determination Date 08/08/1996
Remittance Date 08/15/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 86.371528
B. Total principal Amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 83.333334
C. Total interest amount
distributed to Certificateholders
(per $1,000 Initial Invested
amount) $ 3.038194
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 60 $ 9,835,534,448
B. Aggregate Principal Receivables in
Trust, end of period 61 $ 9,998,442,523
C. Investor Interest, end of period 60 $ 416,666,662
D. Investor Interest, end of period 61 $ 333,333,328
E. Investor Interest as a percentage
of Trust Principal Receivables, period 60 4.2803%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 61 3.3339%
III. Collections During Due Period
A. Aggregate amount of Collections
processed $ 1,249,872,874
<PAGE>
B. Monthly Pay Rate for:
1. Period - 56 12.06%
2. Period - 57 11.73%
3. Period - 58 12.19%
4. Period - 59 12.01%
5. Period - 60 11.70%
6. Period - 61 12.44%
7. 6 mo. avg. 12.02%
C. Collections of Principal Receivables
allocated to Certificateholders $ 114,824,319
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
allocated to Investor Certificate-
holders $ 6,274,200
F. Annualized gross portfolio yield for:
1. Period - 59 17.08%
2. Period - 60 17.37%
3. Period - 61 18.07%
4. 3 mo. avg. 17.51%
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
A. Less than 30 days delinquent $ 548,680,854 5.38%
B. 30 - 59 days delinquent $ 166,521,890 1.63%
C. 60 - 89 days delinquent $ 114,887,091 1.13%
D. 90 or more days delinquent $ 191,636,196 1.88%
E. Total $ 1,021,726,031 10.02%
V. Default Summary
A. Aggregate Investor Default Amount $ 1,784,162
B. Investor default Percentage for:
1. Period - 59 4.62%
2. Period - 60 5.25%
3. Period - 61 5.14%
4. 3 mo. avg. 5.00%
<PAGE>
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 - 59 1.56%
2. Period - 60 1.22%
3. Period - 61 2.03%
4. 3 mo. avg. 1.60%
VI. Monthly Investor Servicing Fee $ 746,528
VII. Draw from Cash Collateral Account $ 0
VIII. Required Cash Collateral Amount $ 36,666,666
IX. Available Cash Collateral Amount $ 36,666,666
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 0.333333328000
The Chase Manhattan Bank USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
THE CHASE MANHATTAN BANK USA, N.A.
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1992-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 53
Monthly Period - Beginning Date 07/01/1996
Monthly Period - End Date 07/31/1996
Determination Date 08/08/1996
Remittance Date 08/15/1996
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 6.166667
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) $ 6.166667
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 52 $ 9,835,534,448
B. Aggregate Principal Receivables in
Trust, end of period 53 $ 9,998,442,523
C. Investor Interest, end of period 52 $ 750,000,000
D. Investor Interest, end of period 53 $ 750,000,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 52 7.7045%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 53 7.5012%
III. Collections During Due Period
A. Aggregate amount of Collections
processed during the Billing Cycles which
ended during the Monthly Period $ 1,249,872,874
<PAGE>
B. Monthly Pay Rate for:
1. Period - 48 12.06%
2. Period - 49 11.73%
3. Period - 50 12.19%
4. Period - 51 12.01%
5. Period - 52 11.70%
6. Period - 53 12.44%
7. 6 mo. avg. 12.02%
C. Collections of Principal Receivables
during the Billing Cycles which
ended during the Monthly period $ 84,782,927
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
during the Billing Cycles which ended
during the Monthly Period $ 11,293,560
F. Annualized gross portfolio yield for:
1. Period - 51 17.08%
2. Period - 52 17.37%
3. Period - 53 18.07%
4. 3 mo. avg. 17.51%
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
A. Less than 30 days delinquent $ 548,680,854 5.38%
B. 30 - 59 days delinquent $ 166,521,890 1.63%
C. 60 - 89 days delinquent $ 114,887,091 1.13%
D. 90 or more days delinquent $ 191,636,196 1.88%
E. Total $ 1,021,726,031 10.02%
V. Default Summary
A. Aggregate Investor Default Amount $ 3,211,491
B. Investor default Percentage for:
1. Period - 51 4.62%
2. Period - 52 5.25%
3. Period - 53 5.14%
4. 3 mo. avg. 5.00%
<PAGE>
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 - 51 2.81%
2. Period - 52 2.47%
3. Period - 53 3.28%
4. 3 mo. avg. 2.85%
VI. Monthly Investor Servicing Fee $ 1,343,750
VII. Withdrawal from Cash Collateral Account
under Section 4.06 $ 0
VIII. Required Cash Collateral Amount $ 82,500,000
IX. Available Cash Collateral Amount $ 82,500,000
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 1.000000000000
The Chase Manhattan Bank USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1995-1
For the August 15, 1996 Distribution Date
For Monthly Period 17
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June
1, 1991 and the Series 1995-1 Supplement dated as of March 1, 1995 (together,
the "Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the "Trustee"), Chase, as
Servicer, is required to prepare certain information each month regarding
current distributions to Series 1995-1 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the "Trust")
and the Series 1995-1 Class A Certificates and Series 1995-1 Class B
Certificates during the previous month. The information which is required to be
prepared with respect to the August 15, 1996 Distribution Date and with respect
to the performance of the Trust during the month July 1996 (the " 17 Monthly
Period") is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1995-1 Investor
Certificate (a "Certificate").Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1995-1
Certificateholders on August 15, 1996, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 4.844689
(2) Class B Certificateholders.............. 4.978161
B) The amount of the distribution set forth in paragraph 1 above
in respect of principal of the 1995-1 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
<PAGE>
C) The amount of the distribution set forth in paragraph 1 above
in respect of interest on the 1995-1 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificates.................... 4.844689
(2) Class B Certificates.................... 4.978161
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to Billing Cycles ending during the preceding Monthly
Period and allocated to the Series 1995-1 Certificates
was equal to............................ $ 128,101,983.39
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.44%
For 16 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to........................ 11.70%
For the 15 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to............... 12.01%
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of
the Series 1995-1 Certificates ......... $ 113,043,903.16
(4) The aggregate amount of Collections of Finance Charge
Receivables processed with respect to Billing Cycles ending during
the preceding Monthly Period which were allocated in respect of
the Series 1995-1 Certificates............ $ 15,058,080.23
B) Deficit Controlled Amortization Amount.. ........ $ 0
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of each Billing Cycle ending in the
preceding Monthly Period (which reflects the Principal
Receivables represented by the Seller Interest,
by the Investor Interest of Series 1995-1, and by the
Investor Interest of all other outstanding Series)
........................................ $ 9,998,442,523.25
<PAGE>
(2) The Investor Interest as of the last day of the preceding
Monthly Period
(a) Investor Interest............... $ 1,000,000,000.00
(b) Class A Investor Interest....... $ 855,000,000.00
(c) Class B Investor Interest....... $ 50,000,000.00
(d) Collateral Interest............. $ 95,000,000.00
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph
C(1) above.............................. 10.0016%
(4) The Class A Investor Interest set forth in paragraph C(2)(b) above
as a percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 8.5513%
(5) The Class B Investor Interest set forth in paragraph C(2)(c) above
as a percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 0.5001%
(6) The Collateral Interest set forth in paragraph C(2)(d) above as a
percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 0.9501%
(7) The Class A Floating Percentage.......... 85.5000%
(8) The Class B Floating Percentage.......... 5.0000%
(9) The Class B Principal Percentage......... 5.0000%
(10) The Collateral Floating Percentage....... 9.5000%
(11) The Collateral Principal Percentage...... 9.5000%
(12) The Floating Allocation Percentage....... 10.1672%
(13) The Principal Allocation Percentage...... 10.1672%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 18.07%
For the 16 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to..... 17.37%
<PAGE>
For the 15 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to..... 17.08%
The three month average Portfolio Yield was
equal to......................... 17.51%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.82%
For the 16 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to......................... 7.82%
For the 15 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to......................... 7.75%
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Billing Cycle
ending in the preceding Monthly Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 548,680,854.45 5.38%
(2) 30 - 59 Days $ 166,521,890.10 1.63%
(3) 60 - 89 Days $ 114,887,090.71 1.13%
(4) 90 or More Days $ 191,636,195.55 1.88%
Total $ 1,021,726,030.81 10.02%
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal Receivables written
off as uncollectible with respect to Billing Cycles ending during
preceding Monthly Period allocable to the Investor Interest less
Recoveries allocable to the Investor Interest (the "Series 1995-1
Aggregate Investor Default Amount") $ 4,281,988.13
(2) The portion of the series 1995-1 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the "Class A Investor Default Amount")
....................................... $ 3,661,099.85
(3) The portion of the Series 1995-1 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the "Class B Investor Default Amount")
....................................... $ 214,099.41
(4) The portion of the Series 1995-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 406,788.87
(5) The annualized investor default percentage (Series
1995-1 Aggregate Investor Default Amount/Investor
Interest) x 12 for the preceding Monthly Period was
equal to .............................. 5.14%
For the 17 Monthly Period (the 2nd preceding Monthly Period),
the annualized investor default percentage was equal to 5.25%
For the 15 Monthly Period (the 3rd preceding Monthly Period),
the annualized investor default percentage was equal to 4.62%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period....... $ 0.00
(2) The aggregate Class A Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date................. $ 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount... $ 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period................ $ 0.00
(6) The aggregate Class B Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date................. $ 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(6) above, per $1,000 original
Class B Certificate principal amount... $ 0.00
(9) The aggregate amount of Investor Charge-Offs
....................................... $ 0.00
(10) The aggregate Investor Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs
....................................... $ 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(9) above, per $1,000 original
Investor principal amount.............. $ 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1995-1 Certificates..................... $ 0
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1995-1
Certificates................................... $ 0
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class B
Certificates paid with respect to Class A Certificates to make up
deficiencies in Class A Required Amount for any Monthly Period. $ 0
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount........................ $ 0
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing
Fee payable by the Trust to the Servicer for the preceding
Monthly Period......................... $ 1,791,666.67
(2) The amount of the Class A Monthly Servicing Fee payable
by the Trust for the preceding Monthly Period
....................................... $ 1,531,875.00
(3) The amount of the Class B Monthly Servicing Fee payable
by the Trust to the Servicer for the preceding Monthly
Period................................. $ 89,583.33
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period......................... $ 170,208.34
<PAGE>
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer
Date for the preceding Monthly Period was equal to
....................................... $ 95,000,000.00
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer
Date for the preceding Monthly Period was equal to
....................................... $ 95,000,000.00
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date (which represents the ratio of
the amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date)
to the Initial Investor Interest). The amount of a
Certificateholder's pro rata share of the Investor Interest can
be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor. 1.00
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1995-2
For the August 15, 1996 Distribution Date
For Monthly Period 14
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June
1, 1991 and the Series 1995-2 Supplement dated as of June 1, 1995 (together, the
"Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the "Trustee"), Chase,
as Servicer, is required to prepare certain information each month regarding
current distributions to Series 1995-2 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the "Trust")
and the Series 1995-2 Class A Certificates and Series 1995-2 Class B
Certificates during the previous month. The information which is required to be
prepared with respect to the August 15, 1996 Distribution Date and with respect
to the performance of the Trust during the month July 1, 1996 (the " 14 Monthly
Period") is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1995-2 Investor
Certificate (a "Certificate").Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1995-2
Certificateholders on August 15, 1996, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 4.844689
(2) Class B Certificateholders.............. 4.948022
B) The amount of the distribution set forth in paragraph 1 above
in respect of principal of the 1995-2 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
C) The amount of the distribution set forth in paragraph 1 above
in respect of interest on the 1995-2 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificates.................... 4.844689
(2) Class B Certificates.................... 4.948022
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to Billing Cycles ending during the preceding Monthly
Period and allocated to the Series 1995-2 Certificates
was equal to............................ $ 192,152,975.09
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.44%
For 13 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to........................ 11.70%
For the 12 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to............... 12.01%
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of
the Series 1995-2 Certificates ......... $ 169,565,854.75
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to Billing Cycles ending during the preceding
Monthly Period which were allocated in respect of the Series 1995-2
Certificates... $ 22,587,120.34
B) Deficit Controlled Amortization Amount.......... $ 0
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of each Billing Cycle ending in the
preceding Monthly Period (which reflects the Principal
Receivables represented by the Seller Interest,
by the Investor Interest of Series 1995-2, and by the
Investor Interest of all other outstanding Series)
........................................ $ 9,998,442,523.25
<PAGE>
(2) The Investor Interest as of the last day of the preceding
Monthly Period
(a) Investor Interest............... $ 1,500,000,000.00
(b) Class A Investor Interest....... $ 1,282,500,000.00
(c) Class B Investor Interest....... $ 82,500,000.00
(d) Collateral Interest............. $ 135,000,000.00
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph
C(1) above.............................. 15.0023%
(4) The Class A Investor Interest set forth in paragraph C(2)(b) above
as a percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 12.8270%
(5) The Class B Investor Interest set forth in paragraph C(2)(c) above
as a percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 0.8251%
(6) The Collateral Interest set forth in paragraph C(2)(d) above as a
percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 1.3502%
(7) The Class A Floating Percentage.......... 85.5000%
(8) The Class B Floating Percentage.......... 5.5000%
(9) The Class B Principal Percentage......... 5.5000%
(10) The Collateral Floating Percentage....... 9.0000%
(11) The Collateral Principal Percentage...... 9.0000%
(12) The Floating Allocation Percentage....... 15.2508%
(13) The Principal Allocation Percentage...... 15.2508%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 18.07%
For the 13 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to..... 17.37%
<PAGE>
For the 12 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to..... 17.08%
The three month average Portfolio Yield was
equal to......................... 17.51%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.80%
For the 13 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to......................... 7.80%
For the 12 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to......................... 7.74%
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Billing Cycle
ending in the preceding Monthly Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 548,680,854.45 5.38%
(2) 30 - 59 Days $ 166,521,890.10 1.63%
(3) 60 - 89 Days $ 114,887,090.71 1.13%
(4) 90 or More Days $ 191,636,195.55 1.88%
Total $ 1,021,726,030.81 10.02%
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal Receivables written
off as uncollectible with respect to Billing Cycles ending during
preceding Monthly Period allocable to the Investor Interest less
Recoveries allocable to the Investor Interest (the "Series 1995-2
Aggregate Investor Default Amount") $ 6,422,982.19
(2) The portion of the series 1995-2 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the "Class A Investor Default Amount")
....................................... $ 5,491,649.77
(3) The portion of the Series 1995-2 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the "Class B Investor Default Amount")
....................................... $ 353,264.02
(4) The portion of the Series 1995-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 578,068.40
(5) The annualized investor default percentage (Series
1995-2 Aggregate Investor Default Amount/Investor
Interest) x 12 for the preceding Monthly Period was
equal to .............................. 5.14%
For the 14 Monthly Period (the 2nd preceding Monthly Period),
the annualized investor default percentage was equal to 5.25%
For the 12 Monthly Period (the 3rd preceding Monthly Period),
the annualized investor default percentage was equal to 4.62%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period....... $ 0.00
(2) The aggregate Class A Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date................. $ 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount... $ 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period................ $ 0.00
(6) The aggregate Class B Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date................. $ 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(6) above, per $1,000 original
Class B Certificate principal amount... $ 0.00
(9) The aggregate amount of Investor Charge-Offs
....................................... $ 0.00
(10) The aggregate Investor Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs
....................................... $ 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(9) above, per $1,000 original
Investor principal amount.............. $ 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1995-2 Certificates..................... $ 0
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1995-2
Certificates................................... $ 0
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class B
Certificates paid with respect to Class A Certificates to make up
deficiencies in Class A Required Amount for any Monthly Period. $ 0
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount........................ $ 0
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing
Fee payable by the Trust to the Servicer for the preceding
Monthly Period......................... $ 2,687,500.00
(2) The amount of the Class A Monthly Servicing Fee payable
by the Trust for the preceding Monthly Period
....................................... $ 2,297,812.50
(3) The amount of the Class B Monthly Servicing Fee payable
by the Trust to the Servicer for the preceding Monthly
Period................................. $ 147,812.50
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period......................... $ 241,875.00
<PAGE>
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer
Date for the preceding Monthly Period was equal to
....................................... $ 135,000,000.00
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer
Date for the preceding Monthly Period was equal to
....................................... $ 135,000,000.00
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date (which represents the ratio of
the amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date)
to the Initial Investor Interest). The amount of a
Certificateholder's pro rata share of the Investor Interest can
be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor. 1.00
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1996-1
For the August 15, 1996 Distribution Date
For Monthly Period 6
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June
1, 1991 and the Series 1996-1 Supplement dated as of February 1, 1996 (together,
the "Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the "Trustee"), Chase,
as Servicer, is required to prepare certain information each month regarding
current distributions to Series 1996-1 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the "Trust")
and the Series 1996-1 Class A Certificates and Series 1996-1 Class B
Certificates during the previous month. The information which is required to be
prepared with respect to the August 15, 1996 Distribution Date and with respect
to the performance of the Trust during the month July 1, 1996 (the "6 Monthly
Period") is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1996-1 Investor
Certificate (a "Certificate").Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-1
Certificateholders on August 15, 1996, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 4.827466
(2) Class B Certificateholders.............. 4.939411
B) The amount of the distribution set forth in paragraph 1 above
in respect of principal of the 1996-1 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
<PAGE>
C) The amount of the distribution set forth in paragraph 1 above
in respect of interest on the 1996-1 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificates.................... 4.827466
(2) Class B Certificates.................... 4.939411
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to Billing Cycles ending during the preceding Monthly
Period and allocated to the Series 1996-1 Certificates
was equal to............................ $ 192,152,975.09
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.44%
For 5 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to........................ 11.70%
For the 4 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to............... 12.01%
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of
the Series 1996-1 Certificates ......... $ 169,565,854.75
(4) The aggregate amount of Collections of Finance Charge
Receivables processed with respect to Billing Cycles ending
during the preceding Monthly Period which were allocated in
respect of the Series 1996-1 Certificates. . $ 22,587,120.34
B) Deficit Controlled Amortization Amount.......... $ 0
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of each Billing Cycle ending in the
preceding Monthly Period (which reflects the Principal
Receivables represented by the Seller Interest,
by the Investor Interest of Series 1996-1, and by the
Investor Interest of all other outstanding Series)
........................................ $ 9,998,442,523.25
<PAGE>
(2) The Investor Interest as of the last day of the preceding
Monthly Period
(a) Investor Interest............... $ 1,500,000,000.00
(b) Class A Investor Interest....... $ 1,282,500,000.00
(c) Class B Investor Interest....... $ 82,500,000.00
(d) Collateral Interest............. $ 135,000,000.00
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph
C(1) above.............................. 15.00%
(4) The Class A Investor Interest set forth in paragraph C(2)(b) above
as a percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 12.83%
(5) The Class B Investor Interest set forth in paragraph C(2)(c) above
as a percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 0.83%
(6) The Collateral Interest set forth in paragraph C(2)(d) above as a
percentage of the aggregate amount of Principal Receivables set
forth in paragraph C(1) above 1.35%
(7) The Class A Floating Percentage.......... 85.50%
(8) The Class B Floating Percentage.......... 5.50%
(9) The Class B Principal Percentage......... 5.50%
(10) The Collateral Floating Percentage....... 9.00%
(11) The Collateral Principal Percentage...... 9.00%
(12) The Floating Allocation Percentage....... 15.25%
(13) The Principal Allocation Percentage...... 15.25%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 18.07%
For the 5 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to..... 17.37%
<PAGE>
For the 4 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to..... 17.08%
The three month average Portfolio Yield was
equal to......................... 17.51%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.79%
For the 5 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to......................... 7.79%
For the 4 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to......................... 7.723%
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Billing Cycle
ending in the preceding Monthly Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
-------- ---------------
(1) Upto 29 Days $ 548,680,854.45 5.38%
(2) 30 - 59 Days $ 166,521,890.10 1.63%
(3) 60 - 89 Days $ 114,887,090.71 1.13%
(4) 90 or More Days $ 191,636,195.55 1.88%
Total $ 1,021,726,030.81 10.02%
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal Receivables written
off as uncollectible with respect to Billing Cycles ending during
preceding Monthly Period allocable to the Investor Interest less
Recoveries allocable to the Investor Interest (the "Series 1996-1
Aggregate Investor Default Amount") $ 6,422,982.19
(2) The portion of the series 1996-1 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the "Class A Investor Default Amount")
....................................... $ 5,491,649.77
(3) The portion of the Series 1996-1 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the "Class B Investor Default Amount")
....................................... $ 353,264.02
(4) The portion of the Series 1996-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 578,068.40
(5) The annualized investor default percentage (Series
1996-1 Aggregate Investor Default Amount/Investor
Interest) x 12 for the preceding Monthly Period was
equal to .............................. 5.14%
For the 6 Monthly Period (the 2nd preceding Monthly Period), the
annualized investor default percentage was equal to 5.25%
For the 4 Monthly Period (the 3rd preceding Monthly Period), the
annualized investor default percentage was equal to 4.62%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period....... $ 0.00
(2) The aggregate Class A Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date................. $ 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount... $ 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period................ $ 0.00
(6) The aggregate Class B Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date................. $ 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(6) above, per $1,000 original
Class B Certificate principal amount... $ 0.00
(9) The aggregate amount of Investor Charge-Offs
....................................... $ 0.00
(10) The aggregate Investor Charge Off per $1000 Original
Certificate Principal Amount .......... $ 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs
....................................... $ 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(9) above, per $1,000 original
Investor principal amount.............. $ 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1996-1 Certificates..................... $ 0
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1996-1
Certificates................................... $ 0
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class B
Certificates paid with respect to Class A Certificates to make up
deficiencies in Class A Required Amount for any Monthly Period. $ 0
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount........................ $ 0
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing
Fee payable by the Trust to the Servicer for the preceding
Monthly Period......................... $ 2,687,500.00
(2) The amount of the Class A Monthly Servicing Fee payable
by the Trust for the preceding Monthly Period
....................................... $ 2,297,812.50
(3) The amount of the Class B Monthly Servicing Fee payable
by the Trust to the Servicer for the preceding Monthly
Period................................. $ 147,812.50
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period......................... $ 241,875.00
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer
Date for the preceding Monthly Period was equal to
....................................... $ 135,000,000.00
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer
Date for the preceding Monthly Period was equal to
....................................... $ 135,000,000.00
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date (which represents the ratio of
the amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date)
to the Initial Investor Interest). The amount of a
Certificateholder's pro rata share of the Investor Interest can
be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor 1.00
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1996-2
For the August 15, 1996 Distribution Date
For Monthly Period 3
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June
1, 1991 and the Series 1996-2 Supplement dated as of May 1, 1996 (together, the
"Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the "Trustee"), Chase,
as Servicer, is required to prepare certain information each month regarding
current distributions to Series 1996-2 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the "Trust")
and the Series 1996-2 Class A Certificates and Series 1996-2 Class B
Certificates during the previous month. The information which is required to be
prepared with respect to the August 15, 1996 Distribution Date (the
"Distribution Date") and with respect to the performance of the Trust during the
month July 1, 1996 (the "Preceding Monthly Period") is set forth below. Certain
of the information is presented on the basis of an original principal amount of
$1,000 per Series 1996-2 Investor Certificate (a "Certificate"). Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used in this Certificate have their respective meanings
set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-2
Certificateholders on August 15, 1996, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 15.190000
(2) Class B Certificateholders.............. 15.407778
B) The amount of the distribution set forth in paragraph 1 above
in respect of principal of the 1996-2 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
C) The amount of the distribution set forth in paragraph 1 above
in respect of interest on the 1996-2 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificates.................... 15.190000
(2) Class B Certificates.................... 15.407778
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to Billing Cycles ending during the preceding Monthly
Period and allocated to the Series 1996-2 Certificates
was equal to............................ $ 38,008,280.79
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.44%
For 2 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 11.70%
For the 1 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 12.01%
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of
the Series 1996-2 Certificates ......... $ 33,540,498.74
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of the
Series 1996-2 Certificates.. $ 4,467,782.05
B) Deficit Controlled Amortization Amount................. $ 0
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of each Billing Cycle ending in the
preceding Monthly Period (which reflects the Principal
Receivables represented by the Seller Interest,
by the Investor Interest of Series 1996-2, and by the
Investor Interest of all other outstanding Series)
........................................ $ 9,998,442,523.25
(2) The Investor Interest as of the last day of the preceding
Monthly Period
(a) Investor Interest................... $ 296,703,296.70
(b) Class A Investor Interest........... $ 253,681,000.00
(c) Class B Investor Interest........... $ 16,318,000.00
(d) Collateral Interest................. $ 26,704,296.70
<PAGE>
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph
C(1) above.............................. 2.97%
(4) The Class A Investor Interest set forth in paragraph
C(2)(b) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above .................................... 2.54%
(5) The Class B Investor Interest set forth in paragraph
C(2)(c) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above ................................... 0.16%
(6) The Collateral Interest set forth in paragraph C(2)(d)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph C(1)
above .................................. 0.27%
(7) The Class A Floating Percentage.......... 85.50%
(8) The Class B Floating Percentage.......... 5.50%
(9) The Class B Principal Percentage......... 5.50%
(10) The Collateral Floating Percentage...... 9.00%
(11) The Collateral Principal Percentage..... 9.00%
(12) The Floating Allocation Percentage...... 3.02%
(13) The Principal Allocation Percentage..... 3.02%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................... 18.07%
For the 2 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............... 17.37%
For the 1 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............... 17.08%
The three month average Portfolio Yield was
equal to................................... 17.51%
(2) Base Rate for the preceding Monthly Period was equal to
........................................... 7.76%
For the 2 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................... 7.76%
For the 1 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................... 7.76%
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Billing Cycle
which ended during the current Monthly
Period by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 548,680,854.45 5.38%
(2) 30 - 59 Days $ 166,521,890.10 1.63%
(3) 60 - 89 Days $ 114,887,090.71 1.13%
(4) 90 or More Days $ 191,636,195.55 1.88%
Total $ 1,021,726,030.81 10.02%
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal
Receivables written off as uncollectible with respect
to Billing Cycles ending during preceding Monthly Period
allocable to the Investor Interest less Recoveries
allocable to the Investor Interest (the "Series
1996-2 Aggregate Investor Default Amount")
........................................... $ 1,270,479.99
(2) The portion of the series 1996-2 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the "Class A Investor Default Amount")
.......................................... $ 1,086,259.03
(3) The portion of the Series 1996-2 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the "Class B Investor Default Amount")
.......................................... $ 69,873.48
(4) The portion of the Series 1996-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 114,347.48
(5) The annualized investor default percentage ((Series
1996-2 Aggregate Investor Default Amount/Investor
Interest) x 12) for the preceding Monthly Period was
equal to ................................. 5.14%
For the 3 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 5.25%
For the 1 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.62%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period.......... $ 0.00
(2) The aggregate Class A Charge-Offs per $1000 Original
Certificate Principal Amount ............. $ 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date.................... $ 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount....... $ 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period................... $ 0.00
(6) The aggregate Class B Charge Off per $1000 Original
Certificate Principal Amount ............. $ 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date.................... $ 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(7) above, per $1,000 original
Class B Certificate principal amount....... $ 0.00
(9) The aggregate amount of Investor Charge-Offs
.......................................... $ 0.00
(10) The aggregate Investor Charge Off per $1000 Original
Certificate Principal Amount ............. $ 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs
......................................... $ 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(11) above, per $1,000 original
Investor principal amount.................. $ 0.00
<PAGE>
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1996-2 Certificates........................ $ 0
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period which were allocated to the Series
1996-2 Certificates............................... $ 0
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class
B Certificates paid with respect to Class A
Certificates to make up deficiencies in Class A
Required Amount for any Monthly Period..... $ 0
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount............................ $ 0
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 531,593.41
(2) The amount of the Class A Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 454,511.79
(3) The amount of the Class B Monthly Servicing Fee payable
by the Trust to the Servicer for the preceding Monthly
Period.................................... $ 29,236.42
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 47,845.20
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer
Date for the preceding Monthly Period was equal to
.......................................... $ 26,704,296.70
M) Required Collateral Interest
(1) The Required Collateral Interest as of the Transfer
Date for the preceding Monthly Period was equal to
.......................................... $ 26,704,296.70
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date (which represents the ratio of
the amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date)
to the Initial Investor Interest). The amount of a
Certificateholder's pro rata share of the Investor Interest can
be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor... 1.00
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1996-3
For the August 15, 1996 Distribution Date
For Monthly Period 2
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June
1, 1991 and the Series 1996-3 Supplement dated as of June 1, 1996 (together, the
"Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the "Trustee"), Chase,
as Servicer, is required to prepare certain information each month regarding
current distributions to Series 1996-3 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the "Trust")
and the Series 1996-3 Class A Certificates and Series 1996-3 Class B
Certificates during the previous month. The information which is required to be
prepared with respect to the August 15, 1996 Distribution Date (the
"Distribution Date") and with respect to the performance of the Trust during the
month July 1, 1996 (the "Preceding Monthly Period") is set forth below. Certain
of the information is presented on the basis of an original principal amount of
$1,000 per Series 1996-3 Investor Certificate (a "Certificate"). Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used in this Certificate have their respective meanings
set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-3
Certificateholders on August 15, 1996, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 5.866667
(2) Class B Certificateholders.............. 6.008333
B) The amount of the distribution set forth in paragraph 1 above
in respect of principal of the 1996-3 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
<PAGE>
C) The amount of the distribution set forth in paragraph 1 above
in respect of interest on the 1996-3 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificates.................... 5.866667
(2) Class B Certificates.................... 6.008333
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to Billing Cycles ending during the preceding Monthly
Period and allocated to the Series 1996-3 Certificates
was equal to............................ $ 137,007,605.87
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.44%
For 1 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 11.70%
For the 0 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 0.00%
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of
the Series 1996-3 Certificates ......... $ 120,902,691.13
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of the
Series 1996-3 Certificates. $ 16,104,914.74
B) Deficit Controlled Amortization Amount................. $ 0
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of each Billing Cycle ending in the
preceding Monthly Period (which reflects the Principal
Receivables represented by the Seller Interest,
by the Investor Interest of Series 1996-3, and by the
Investor Interest of all other outstanding Series)
........................................ $ 9,998,442,523.25
<PAGE>
(2) The Investor Interest as of the last day of the preceding
Monthly Period
(a) Investor Interest................... $ 1,069,519,786.10
(b) Class A Investor Interest........... $ 957,220,000.00
(c) Class B Investor Interest........... $ 42,780,000.00
(d) Collateral Interest................. $ 69,519,786.10
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph
C(1) above.............................. 10.70%
(4) The Class A Investor Interest set forth in paragraph
C(2)(b) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above .................................... 9.57%
(5) The Class B Investor Interest set forth in paragraph
C(2)(c) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above ................................... 0.43%
(6) The Collateral Interest set forth in paragraph C(2)(d)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph C(1)
above .................................. 0.70%
(7) The Class A Floating Percentage.......... 89.50%
(8) The Class B Floating Percentage............ 4.00%
(9) The Class B Principal Percentage........... 4.00%
(10) The Collateral Floating Percentage........ 6.50%
(11) The Collateral Principal Percentage....... 6.50%
(12) The Floating Allocation Percentage........ 10.87%
(13) The Principal Allocation Percentage....... 10.87%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................... 18.07%
For the 1 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............... 17.37%
<PAGE>
For the 0 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............... 0.00%
The three month average Portfolio Yield was
equal to................................... 17.72%
(2) Base Rate for the preceding Monthly Period was equal to
........................................... 9.13%
For the 1 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................... 9.13%
For the 0 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................... 0.00%
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Billing Cycle
which ended during the current Monthly
Period by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
--------- ---------------
(1) Upto 29 Days $ 548,680,854.45 5.38%
(2) 30 - 59 Days $ 166,521,890.10 1.63%
(3) 60 - 89 Days $ 114,887,090.71 1.13%
(4) 90 or More Days $ 191,636,195.55 1.88%
Total $ 1,021,726,030.81 10.02%
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal
Receivables written off as uncollectible with respect
to Billing Cycles ending during preceding Monthly Period
allocable to the Investor Interest less Recoveries
allocable to the Investor Interest (the "Series
1996-3 Aggregate Investor Default Amount")
........................................... $ 4,579,671.03
(2) The portion of the series 1996-3 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the "Class A Investor Default Amount")
.......................................... $ 4,098,804.68
<PAGE>
(3) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the "Class B Investor Default Amount")
.......................................... $ 183,183.45
(4) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 297,682.90
(5) The annualized investor default percentage ((Series
1996-3 Aggregate Investor Default Amount/Investor
Interest) x 12) for the preceding Monthly Period was
equal to ................................. 5.14%
For the 2 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 5.25%
For the 0 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 0.00%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period.......... $ 0.00
(2) The aggregate Class A Charge-Offs per $1000 Original
Certificate Principal Amount ............. $ 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date.................... $ 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount....... $ 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period................... $ 0.00
(6) The aggregate Class B Charge Off per $1000 Original
Certificate Principal Amount ............. $ 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date.................... $ 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(7) above, per $1,000 original
Class B Certificate principal amount....... $ 0.00
(9) The aggregate amount of Investor Charge-Offs
.......................................... $ 0.00
(10) The aggregate Investor Charge Off per $1000 Original
Certificate Principal Amount ............. $ 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs
......................................... $ 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(11) above, per $1,000 original
Investor principal amount.................. $ 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1996-3 Certificates........................ $ 0
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period which were allocated to the Series
1996-3 Certificates............................... $ 0
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class
B Certificates paid with respect to Class A
Certificates to make up deficiencies in Class A
Required Amount for any Monthly Period..... $ 0
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount............................ $ 0
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 1,916,222.95
(2) The amount of the Class A Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 1,715,019.17
(3) The amount of the Class B Monthly Servicing Fee payable
by the Trust to the Servicer for the preceding Monthly
Period.................................... $ 76,647.50
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 124,556.28
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer
Date for the preceding Monthly Period was equal to
.......................................... $ 69,519,786.10
M) Required Collateral Interest
(1) The Required Collateral Interest as of the Transfer
Date for the preceding Monthly Period was equal to
.......................................... $ 69,519,786.10
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date (which represents the ratio of
the amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date)
to the Initial Investor Interest). The amount of a
Certificateholder's pro rata share of the Investor Interest can
be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.. 1.00
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust Series 1996-4
For the August 15, 1996 Distribution Date
For Monthly Period 2
Under Section 5.02 of the Pooling and Servicing Agreement dated as of June
1, 1991 and the Series 1996-4 Supplement dated as of June 1, 1996 (together, the
"Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the "Trustee"), Chase,
as Servicer, is required to prepare certain information each month regarding
current distributions to Series 1996-4 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the "Trust")
and the Series 1996-4 Class A Certificates and Series 1996-4 Class B
Certificates during the previous month. The information which is required to be
prepared with respect to the August 15, 1996 Distribution Date (the
"Distribution Date") and with respect to the performance of the Trust during the
month July 1, 1996 (the "Preceding Monthly Period") is set forth below. Certain
of the information is presented on the basis of an original principal amount of
$1,000 per Series 1996-4 Investor Certificate (a "Certificate"). Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used in this Certificate have their respective meanings
set forth in the Agreement.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-4
Certificateholders on August 15, 1996, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 5.608333
(2) Class B Certificateholders.............. 5.741667
B) The amount of the distribution set forth in paragraph 1 above
in respect of principal of the 1996-4 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
<PAGE>
C) The amount of the distribution set forth in paragraph 1 above
in respect of interest on the 1996-4 Certificates, per $1,000
original certificate principal amount
(1) Class A Certificates.................... 5.608333
(2) Class B Certificates.................... 5.741667
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to Billing Cycles ending during the preceding Monthly
Period and allocated to the Series 1996-4 Certificates
was equal to............................ $ 137,007,605.87
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.44%
For 1 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 11.70%
For the 0 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 0.00%
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of
the Series 1996-4 Certificates ......... $ 120,902,691.13
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to Billing Cycles ending during the
preceding Monthly Period which were allocated in respect of the
Series 1996-4 Certificates. $ 16,104,914.74
B) Deficit Controlled Amortization Amount................. $ 0
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of each Billing Cycle ending in the
preceding Monthly Period (which reflects the Principal
Receivables represented by the Seller Interest,
by the Investor Interest of Series 1996-4, and by the
Investor Interest of all other outstanding Series)
........................................ $ 9,998,442,523.25
<PAGE>
(2) The Investor Interest as of the last day of the preceding
Monthly Period
(a) Investor Interest................... $ 1,069,519,786.10
(b) Class A Investor Interest........... $ 957,220,000.00
(c) Class B Investor Interest........... $ 42,780,000.00
(d) Collateral Interest................. $ 69,519,786.10
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph
C(1) above.............................. 10.70%
(4) The Class A Investor Interest set forth in paragraph
C(2)(b) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above .................................... 9.57%
(5) The Class B Investor Interest set forth in paragraph
C(2)(c) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above ................................... 0.43%
(6) The Collateral Interest set forth in paragraph C(2)(d)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph C(1)
above .................................. 0.70%
(7) The Class A Floating Percentage.......... 89.50%
(8) The Class B Floating Percentage............ 4.00%
(9) The Class B Principal Percentage........... 4.00%
(10) The Collateral Floating Percentage........ 6.50%
(11) The Collateral Principal Percentage....... 6.50%
(12) The Floating Allocation Percentage........ 10.87%
(13) The Principal Allocation Percentage....... 10.87%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................... 18.07%
For the 1 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............... 17.37%
<PAGE>
For the 0 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............... 0.00%
The three month average Portfolio Yield was
equal to................................... 17.72%
(2) Base Rate for the preceding Monthly Period was equal to
........................................... 8.83%
For the 1 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................... 8.83%
For the 0 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................... 0.00%
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Billing Cycle
which ended during the current Monthly Period by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
--------- ---------------
(1) Upto 29 Days $ 548,680,854.45 5.38%
(2) 30 - 59 Days $ 166,521,890.10 1.63%
(3) 60 - 89 Days $ 114,887,090.71 1.13%
(4) 90 or More Days $ 191,636,195.55 1.88%
Total $ 1,021,726,030.81 10.02%
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal
Receivables written off as uncollectible with respect
to Billing Cycles ending during preceding Monthly Period
allocable to the Investor Interest less Recoveries
allocable to the Investor Interest (the "Series
1996-4 Aggregate Investor Default Amount")
........................................... $ 4,579,671.03
(2) The portion of the series 1996-4 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the "Class A Investor Default Amount")
.......................................... $ 4,098,804.68
<PAGE>
(3) The portion of the Series 1996-4 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the "Class B Investor Default Amount")
.......................................... $ 183,183.45
(4) The portion of the Series 1996-4 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 297,682.90
(5) The annualized investor default percentage ((Series
1996-4 Aggregate Investor Default Amount/Investor
Interest) x 12) for the preceding Monthly Period was
equal to ................................. 5.14%
For the 2 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 5.25%
For the 0 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 0.00%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period.......... $ 0.00
(2) The aggregate Class A Charge-Offs per $1000 Original
Certificate Principal Amount ............. $ 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date.................... $ 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount....... $ 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period................... $ 0.00
(6) The aggregate Class B Charge Off per $1000 Original
Certificate Principal Amount ............. $ 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date.................... $ 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(7) above, per $1,000 original
Class B Certificate principal amount....... $ 0.00
(9) The aggregate amount of Investor Charge-Offs
.......................................... $ 0.00
(10) The aggregate Investor Charge Off per $1000 Original
Certificate Principal Amount ............. $ 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs
......................................... $ 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(11) above, per $1,000 original
Investor principal amount.................. $ 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1996-4 Certificates........................ $ 0
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period which were allocated to the Series
1996-4 Certificates............................... $ 0
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to Class
B Certificates paid with respect to Class A
Certificates to make up deficiencies in Class A
Required Amount for any Monthly Period..... $ 0
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount............................ $ 0
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 1,916,222.95
(2) The amount of the Class A Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 1,715,019.17
(3) The amount of the Class B Monthly Servicing Fee payable
by the Trust to the Servicer for the preceding Monthly
Period.................................... $ 76,647.50
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the preceding
Monthly Period............................ $ 124,556.28
L) Collateral Interest
(1) The Available Collateral Interest, as of the close of Transfer
Date for the preceding Monthly Period was equal to
.......................................... $ 69,519,786.10
M) Required Collateral Interest
(1) The Required Collateral Interest as of the Transfer
Date for the preceding Monthly Period was equal to
.......................................... $ 69,519,786.10
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date (which represents the ratio of
the amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date)
to the Initial Investor Interest). The amount of a
Certificateholder's pro rata share of the Investor Interest can
be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.. 1.00
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By: /s/ Patricia Garvey
Name: Patricia Garvey
Title: Second Vice President
