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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: January 29, 1997
CHASE CREDIT CARD MASTER TRUST
(formerly known as "Chemical Master Credit Card Trust I"),
Series 1996-4
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(Issuer of Securities)
CHASE MANHATTAN BANK USA, N.A. (formerly known as
"The Chase Manhattan Bank (USA)")
(Sponsor of the Trust)
(Exact name of registrant as specified in its charter)
United States 33-40006 22-2382028
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
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Item 5. Other Events.
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On or about January 15, 1997 Monthly Interest as defined in the Pooling
and Servicing Agreement dated as of October 19, 1995 (the "Agreement") between
The Chase Manhattan Bank (formerly known as 'Chemical Bank') and The Bank of
New York, as Trustee (the "Trustee"), was distributed to holders
("Certificateholders") of participations in the Chase Credit Card Master
Trust (formerly known as "Chemical Master Credit Card Trust I") for Series
1996-4 in accordance with the Agreement. A copy of the applicable Monthly
Report for the month ended December 31, 1996, as defined in the Agreement, has
been furnished to Certificateholders in accordance with the Agreement.
A copy of the Monthly Report is being filed as Exhibit 20.1 to this
Current Report on Form 8-K.
Item 7(c). Exhibits
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Exhibit No. Description
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20.1 Monthly Reports with respect to the
January 15, 1997 distribution
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SIGNATURES
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Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE CHASE MANHATTAN BANK
As Servicer
By: /s/Richard L. Craig
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Name: Richard L. Craig
Title: Managing Director
Dated: January 29, 1997
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INDEX TO EXHIBITS
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Exhibit Nos. Description
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20.1 Monthly Reports with respect to the
January 15, 1997 distribution
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Exhibit 20.1
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Chase Bank - Retail Card Services Group Monthly Report
Certificateholders' Statement Chase Credit Card Master Trust
Series 1996-4
Section 5.2 - Supplement Class A Class B Collateral Total
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<S> <C> <C> <C> <C> <C>
(i) Monthly Principal Distributed 0.00 0.00 0.00 0.00
(ii) Monthly Interest Distributed 6,691,381.67 579,000.72 778,812.21 8,049,194.60
Deficiency Amounts 0.00 0.00 0.00
Additional Interest 0.00 0.00 0.00
Accrued and Unpaid Interest 0.00 0.00
(iii) Collections of Principal Receivables 146,898,036.30 12,241,433.07 15,739,145.27 174,878,614.64
(iv) Collections of Finance Charge Receivables 22,946,930.93 1,912,233.32 2,458,610.67 27,317,774.92
(v) Aggregate Amount of Principal Receivables 13,393,181,085.09
Investor Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
Adjusted Interest 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
Series
Floating Investor Percentage 12.44% 84.00% 7.00% 9.00% 100.00%
Fixed Investor Percentage 12.44% 84.00% 7.00% 9.00% 100.00%
(vi) Receivables Delinquent (As % of Total Receivables)
Current 94.68%
30 to 59 days 1.73%
60 to 89 days 1.21%
90 or more days 2.38%
Total Receivables 100.00%
(vii) Investor Default Amount 8,475,580.50 706,294.34 908,101.96 10,089,976.78
(viii) Investor Charge-Offs 0.00 0.00 0.00 0.00
(ix) Reimbursed Investor Charge-Offs/Reductions 0.00 0.00 0.00
(x) Servicing Fee 1,166,666.67 97,221.67 125,000.56 1,388,888.89
(xi) Portfolio Yield (Net of Defaulted Receivables) 12.40%
(xii) Reallocated Monthly Principal 0.00 0.00 0.00
(xiii) Closing Investor Interest (Class A Adjusted) 1,400,000,000.00 116,666,000.00 150,000,666.67 1,666,666,666.67
(xiv) LIBOR 5.6055%
(xv) Principal Funding Account Balance 0.00
(xvi) Accumulation Shortfall 0.00
(xvii) Principal Funding Investment Proceeds 0.00
(xviii) Principal Investment Funding Shortfall
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(xix) Available Funds 21,780,264.26 1,815,011.65 2,333,610.11 25,928,886.03
(xx) Certificate Rate 5.7355% 5.9555% 6.2305%
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