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: April 4, 1997
CHASE MANHATTAN CREDIT CARD MASTER TRUST
----------------------------------------
(Exact name of registrant as
specified in its charter)
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
(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
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (302) 575-5050
<PAGE>
Item 5. Other Events
On February 18, 1997, 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 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.
On March 17, 1997, 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 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 exhibits to this Current Report on
form 8-K.
Item 7 (c). Exhibits
Exhibit Description
------- -----------
20.1 Monthly Certificateholders' Statements
with respect to the February 18, 1997
distribution.
20.2 Monthly Certificateholders' Statements
with respect to the March 17, 1997
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: April 4, 1997
Chase Manhattan Credit Card Master Trust
By: Chase Manhattan Bank USA, NATIONAL ASSOCIATION, as Servicer
By: /s/ Patricia Garvey
-------------------
Name: Patricia Garvey
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit Description
------- -----------
20.1 Monthly Certificateholders' Statements
with respect to the February 18, 1997
distribution to Certificateholders for
Series 1992-1, Series 1995-1, Series 1995-2,
Series 1996-1, Series 1996-2, Series 1996-3
and Series 1996-4
20.2 Monthly Certificateholders' Statements
with respect to the March 17, 1997
distribution to Certificateholders for
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, NATIONAL ASSOCIATION
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1992-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 59
Monthly Period - Beginning Date 01/01/1997
Monthly Period - End Date 01/31/1997
Determination Date 02/07/1997
Remittance Date 02/18/1997
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 87.444444
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) $ 4.111111
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 58 $ 9,806,669,132
B. Aggregate Principal Receivables in
Trust, end of period 59 $ 9,503,341,125
C. Investor Interest, end of period 58 $ 500,000,000
D. Investor Interest, end of period 59 $ 437,500,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 58 5.0986%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 59 4.6036%
III. Collections During Due Period
A. Aggregate amount of Collections
processed during the preceding
Monthly Period $ 1,250,824,434
B. Monthly Pay Rate for:
1. Period - 54 11.37%
2. Period - 55 11.59%
3. Period - 56 11.71%
4. Period - 57 10.87%
5. Period - 58 12.61%
6. Period - 59 12.48%
7. 6 mo. avg. 11.77%
C. Collections of Principal Receivables
during the preceding
Monthly period $ 86,276,845
<PAGE>
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
during the preceding
Monthly Period $ 7,134,497
F. Annualized gross portfolio yield for:
1. Period - 57 16.42%
2. Period - 58 19.13%
3. Period - 59 17.12%
4. 3 mo. avg. 17.56%
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
A. Less than 30 days delinquent $ 573,244,867.42 5.90%
B. 30 - 59 days delinquent $ 191,507,882.20 1.97%
C. 60 - 89 days delinquent $ 152,269,597.04 1.57%
D. 90 or more days delinquent $ 258,141,275.46 2.65%
E. Total $ 1,175,163,622.12 12.09%
V. Default Summary
A. Aggregate Investor Default Amount $ 2,064,911
B. Investor default Percentage for:
1. Period - 57 4.93%
2. Period - 58 4.63%
3. Period - 59 4.96%
4. 3 mo. avg. 4.84%
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 - 57 1.84%
2. Period - 58 4.84%
3. Period - 59 2.52%
4. 3 mo. avg. 3.07%
VI. Monthly Investor Servicing Fee $ 895,833
VII. Withdrawal from Cash Collateral Account
under Section 4.06 $ 0
VIII. Required Cash Collateral Amount $ 48,125,000
IX. Available Cash Collateral Amount $ 48,125,000
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 0.583333333333
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1995-1
For the February 18, 1997 Distribution Date
For Monthly Period 23
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 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
February 18, 1997 Distribution Date and with respect to the performance of the
Trust during the month January 1997 (the " 23 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 February 18, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 5.302470
(2) Class B Certificateholders.............. 5.448859
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
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................. 5.302470
(2) Class B Certificates................. 5.448859
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1995-1 Certificates
was equal to............................ $ 128,264,182.15
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.48%
For 22 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to............................ 12.61%
For the 21 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to................... 10.87%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1995-1 Certificates ......... $ 113,995,188.91
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1995-1 Certificates.............. $ 14,268,993.24
B) Deficit Controlled Amortization Amount.......... $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of 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)
........................................ $ 9,503,341,124.77
(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.............................. 10.5226%
(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 8.9968%
(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 0.5261%
(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 0.9996%
(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..... 10.1971%
(13) The Principal Allocation Percentage.... 10.1971%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 17.12%
For the 22 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............ 19.13%
For the 21 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............ 16.42%
The three month average Portfolio Yield was
equal to................................ 17.56%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.81%
For the 22 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to............................. 7.93%
For the 21 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to............................. 7.70%
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 preceding Monthly
Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 573,244,867.42 5.90%
(2) 30 - 59 Days $ 191,507,882.20 1.97%
(3) 60 - 89 Days $ 152,269,597.04 1.57%
(4) 90 or More Days $ 258,141,275.46 2.65%
Total $ 1,175,163,622.12 12.09%
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") ............................... $ 4,129,822.13
(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")
....................................... $ 3,530,997.92
(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")
....................................... $ 206,491.11
(4) The portion of the Series 1995-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 392,333.10
(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 .............................. 4.96%
For the 23 Monthly Period (the 2nd preceding Monthly Period),
the annualized investor default percentage was equal to 4.63%
For the 21 Monthly Period (the 3rd preceding Monthly Period),
the annualized investor default percentage was equal to 4.93%
<PAGE>
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..................... $ 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1995-1
Certificates................................... $ 0.00
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. $ 0.00
(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........................ $ 0.00
<PAGE>
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
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1995-2
For the February 18, 1997 Distribution Date
For Monthly Period 20
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 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 1995-2 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
February 18, 1997 Distribution Date and with respect to the performance of the
Trust during the month January 1997 (the " 20 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 February 18, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 5.302470
(2) Class B Certificateholders.............. 5.415803
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................. 5.302470
(2) Class B Certificates................. 5.415803
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1995-2 Certificates
was equal to............................ $ 192,396,273.22
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.48%
For 19 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to............................ 12.61%
For the 18 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to................... 10.87%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1995-2 Certificates ......... $ 170,992,783.36
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1995-2 Certificates.............. $ 21,403,489.86
B) Deficit Controlled Amortization Amount.......... $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of 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)
........................................ $ 9,503,341,124.77
(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.............................. 15.7839%
(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 13.4953%
(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 0.8681%
(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 1.4206%
(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..... 15.2957%
(13) The Principal Allocation Percentage.... 15.2957%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 17.12%
For the 19 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............ 19.13%
For the 18 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............ 16.42%
The three month average Portfolio Yield was
equal to................................ 17.56%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.79%
For the 19 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to............................. 7.91%
For the 18 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to............................. 7.68%
<PAGE>
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 preceding Monthly
Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 573,244,867.42 5.90%
(2) 30 - 59 Days $ 191,507,882.20 1.97%
(3) 60 - 89 Days $ 152,269,597.04 1.57%
(4) 90 or More Days $ 258,141,275.46 2.65%
Total $ 1,175,163,622.12 12.09%
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") .............................. $ 6,194,733.20
(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")
....................................... $ 5,296,496.89
(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")
....................................... $ 340,710.33
(4) The portion of the Series 1995-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 557,525.98
(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 .............................. 4.96%
For the 20 Monthly Period (the 2nd preceding Monthly Period),
the annualized investor default percentage was equal to 4.63%
For the 18 Monthly Period (the 3rd preceding Monthly Period),
the annualized investor default percentage was equal to 4.93%
<PAGE>
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..................... $ 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1995-2
Certificates................................... $ 0.00
<PAGE>
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. $ 0.00
(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........................ $ 0.00
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-1
For the February 18, 1997 Distribution Date
For Monthly Period 12
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 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
February 18, 1997 Distribution Date and with respect to the performance of the
Trust during the month January 1, 1997 (the " 12 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 February 18, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 5.283581
(2) Class B Certificateholders.............. 5.406359
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
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.................... 5.283581
(2) Class B Certificates.................... 5.406359
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1996-1 Certificates
was equal to............................ $ 192,396,273.22
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.48%
For 11 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to............................ 12.61%
For the 10 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to................... 10.87%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-1 Certificates ......... $ 170,992,783.36
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-1 Certificates.............. $ 21,403,489.86
B) Deficit Controlled Amortization Amount.......... $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,503,341,124.77
(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.............................. 15.78%
(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 13.50%
(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 0.87%
(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 1.42%
(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...... 15.30%
(13) The Principal Allocation Percentage..... 15.30%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 17.12%
For the 11 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............ 19.13%
For the 10 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............ 16.42%
The three month average Portfolio Yield was
equal to................................ 17.56%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.78%
For the 11 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................ 7.90%
For the 10 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................ 7.668%
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 preceding Monthly
Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 573,244,867.42 5.90%
(2) 30 - 59 Days $ 191,507,882.20 1.97%
(3) 60 - 89 Days $ 152,269,597.04 1.57%
(4) 90 or More Days $ 258,141,275.46 2.65%
Total $ 1,175,163,622.12 12.09%
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") ............................... $ 6,194,733.20
(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")
....................................... $ 5,296,496.89
(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")
....................................... $ 340,710.33
(4) The portion of the Series 1996-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 557,525.98
(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 .............................. 4.96%
For the 12 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to .... 4.63%
For the 10 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to .... 4.93%
<PAGE>
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..................... $ 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1996-1
Certificates................................... $ 0.00
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. $ 0.00
(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........................ $ 0.00
<PAGE>
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-2
For the February 18, 1997 Distribution Date
For Monthly Period 9
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 June 1, 1996 (together, the
"Agreement") by and between 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
February 18, 1997 Distribution Date (the "Distribution Date") and with respect
to the performance of the Trust during the month January 1, 1997 (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 February 18, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 14.725000
(2) Class B Certificateholders.............. 14.936112
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.................... 14.725000
(2) Class B Certificates.................... 14.936112
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1996-2 Certificates
was equal to............................ $ 38,056,405.69
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.48%
For 8 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 12.61%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 10.87%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-2 Certificates ......... $ 33,822,748.36
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-2 Certificates.............. $ 4,233,657.33
B) Deficit Controlled Amortization Amount................. $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,503,341,124.77
(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
(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.............................. 3.12%
(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 .................................... 2.67%
(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 ................................... 0.17%
(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 .................................. 0.28%
(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...... 3.03%
(13) The Principal Allocation Percentage..... 3.03%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 17.12%
For the 8 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............. 19.13%
For the 7 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............. 16.42%
The three month average Portfolio Yield was
equal to................................. 17.56%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.76%
For the 8 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................. 7.77%
For the 7 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 preceding Monthly Period
by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 573,244,867.42 5.90%
(2) 30 - 59 Days $ 191,507,882.20 1.97%
(3) 60 - 89 Days $ 152,269,597.04 1.57%
(4) 90 or More Days $ 258,141,275.46 2.65%
Total $ 1,175,163,622.12 12.09%
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")
........................................... $ 1,225,331.84
(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")
.......................................... $ 1,047,657.41
(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")
.......................................... $ 67,390.44
(4) The portion of the Series 1996-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 110,283.99
(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 ................................. 4.96%
For the 9 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.63%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.93%
<PAGE>
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 1996-2 Certificates........................ $ 0.00
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............................... $ 0.00
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..... $ 0.00
(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............................ $ 0.00
<PAGE>
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-3
For the February 18, 1997 Distribution Date
For Monthly Period 8
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 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
February 18, 1997 Distribution Date (the "Distribution Date") and with respect
to the performance of the Trust during the month January 1, 1997 (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 February 18, 1997, 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
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 the preceding Monthly
Period and allocated to the Series 1996-3 Certificates
was equal to............................ $ 137,181,080.64
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.48%
For 7 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 12.61%
For the 6 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 10.87%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-3 Certificates ......... $ 121,920,110.05
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-3 Certificates.............. $ 15,260,970.59
B) Deficit Controlled Amortization Amount................. $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,503,341,124.77
(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.............................. 11.25%
(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 .................................... 10.07%
(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 ................................... 0.45%
(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 .................................. 0.73%
(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...... 10.91%
(13) The Principal Allocation Percentage..... 10.91%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 17.12%
For the 7 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............. 19.13%
For the 6 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............. 16.42%
The three month average Portfolio Yield was
equal to................................. 17.56%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 9.12%
For the 7 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................. 9.13%
For the 6 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................. 9.12%
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 preceding Monthly Period
by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 573,244,867.42 5.90%
(2) 30 - 59 Days $ 191,507,882.20 1.97%
(3) 60 - 89 Days $ 152,269,597.04 1.57%
(4) 90 or More Days $ 258,141,275.46 2.65%
Total $ 1,175,163,622.12 12.09%
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")
........................................... $ 4,416,926.48
(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")
.......................................... $ 3,953,148.34
(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")
.......................................... $ 176,673.79
<PAGE>
(4) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 287,104.35
(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 ................................. 4.96%
For the 8 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.63%
For the 6 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.93%
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 1996-3 Certificates........................ $ 0.00
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............................... $ 0.00
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..... $ 0.00
(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............................ $ 0.00
<PAGE>
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-4
For the February 18, 1997 Distribution Date
For Monthly Period 8
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 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
February 18, 1997 Distribution Date (the "Distribution Date") and with respect
to the performance of the Trust during the month January 1, 1997 (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 February 18, 1997, 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
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 the preceding Monthly
Period and allocated to the Series 1996-4 Certificates
was equal to............................ $ 137,181,080.64
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 12.48%
For 7 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 12.61%
For the 6 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 10.87%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-4 Certificates ......... $ 121,920,110.05
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-4 Certificates.............. $ 15,260,970.59
B) Deficit Controlled Amortization Amount................. $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,503,341,124.77
(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.............................. 11.25%
(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 .................................... 10.07%
(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 ................................... 0.45%
(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 .................................. 0.73%
(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...... 10.91%
(13) The Principal Allocation Percentage..... 10.91%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 17.12%
For the 7 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............. 19.13%
For the 6 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............. 16.42%
The three month average Portfolio Yield was
equal to................................. 17.56%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 8.83%
For the 7 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................. 8.84%
For the 6 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................. 8.82%
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 preceding Monthly Period
by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 573,244,867.42 5.90%
(2) 30 - 59 Days $ 191,507,882.20 1.97%
(3) 60 - 89 Days $ 152,269,597.04 1.57%
(4) 90 or More Days $ 258,141,275.46 2.65%
Total $ 1,175,163,622.12 12.09%
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")
........................................... $ 4,416,926.48
(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")
.......................................... $ 3,953,148.34
(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")
.......................................... $ 176,673.79
<PAGE>
(4) The portion of the Series 1996-4 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 287,104.35
(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 ................................. 4.96%
For the 8 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.63%
For the 6 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.93%
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 1996-4 Certificates........................ $ 0.00
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............................... $ 0.00
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..... $ 0.00
(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............................ $ 0.00
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
Exhibit 20.2
------------
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1992-1
MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 60
Monthly Period - Beginning Date 02/01/1997
Monthly Period - End Date 02/28/1997
Determination Date 03/07/1997
Remittance Date 03/17/1997
I. Information Regarding Distributions to Certificateholders
A. Total amount distributed to
Certificateholders (per $1,000
Initial Invested Amount) $ 86.930556
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) $ 3.597222
II. Receivables Balances
A. Aggregate Principal Receivables in
Trust, end of period 59 $ 9,503,341,125
B. Aggregate Principal Receivables in
Trust, end of period 60 $ 9,308,101,766
C. Investor Interest, end of period 59 $ 437,500,000
D. Investor Interest, end of period 60 $ 375,000,000
E. Investor Interest as a percentage
of Trust Principal Receivables, period 59 4.6036%
F. Investor Interest as a percentage
of Trust Principal Receivables, period 60 4.0287%
III. Collections During Due Period
A. Aggregate amount of Collections
processed during the preceding
Monthly Period $ 1,114,682,293
B. Monthly Pay Rate for:
1. Period - 55 11.59%
2. Period - 56 11.71%
3. Period - 57 10.87%
4. Period - 58 12.61%
5. Period - 59 12.48%
6. Period - 60 11.46%
7. 6 mo. avg. 11.79%
<PAGE>
C. Collections of Principal Receivables
during the preceding
Monthly period $ 77,095,095
D. Amount by which Controlled Amortization
Amount exceeds principal allocated
to Investors $ 0
E. Collections of Finance Charges
during the preceding
Monthly Period $ 5,842,533
F. Annualized gross portfolio yield for:
1. Period - 58 19.13%
2. Period - 59 17.12%
3. Period - 60 16.03%
4. 3 mo. avg. 17.42%
IV. Delinquent Balances
Aggregate Percent of
Account Aggregate
Balances Receivables
A. Less than 30 days delinquent $ 646,415,190.45 6.78%
B. 30 - 59 days delinquent $ 178,739,042.89 1.87%
C. 60 - 89 days delinquent $ 128,489,809.95 1.35%
D. 90 or more days delinquent $ 289,988,096.66 3.04%
E. Total $ 1,243,632,139.95 13.04%
V. Default Summary
A. Aggregate Investor Default Amount $ 2,215,117
B. Investor default Percentage for:
1. Period - 58 4.63%
2. Period - 59 4.96%
3. Period - 60 6.08%
4. 3 mo. avg. 5.22%
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 - 58 4.84%
2. Period - 59 2.52%
3. Period - 60 0.30%
4. 3 mo. avg. 2.55%
VI. Monthly Investor Servicing Fee $ 783,854
VII. Withdrawal from Cash Collateral Account
under Section 4.06 $ 0
VIII. Required Cash Collateral Amount $ 41,250,000
IX. Available Cash Collateral Amount $ 41,250,000
X. Deficit Controlled Amortization
Amount $ 0
XI. Pool Factor 0.500000000000
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1995-1
For the March 17, 1997 Distribution Date
For Monthly Period 24
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 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
March 17, 1997 Distribution Date and with respect to the performance of the
Trust during the month February 1997 (the " 24 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 March 17, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 4.166835
(2) Class B Certificateholders.............. 4.283085
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
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................. 4.166835
(2) Class B Certificates................. 4.283085
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1995-1 Certificates
was equal to............................ $ 117,952,461.27
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 11.46%
For 23 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to............................ 12.48%
For the 22 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to................... 12.61%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1995-1 Certificates ......... $ 104,598,100.15
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1995-1 Certificates.............. $ 13,354,361.12
B) Deficit Controlled Amortization Amount.......... $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of 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)
........................................ $ 9,308,101,766.16
(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.............................. 10.7433%
(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 9.1855%
(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 0.5372%
(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 1.0206%
(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..... 10.5226%
(13) The Principal Allocation Percentage.... 10.5226%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 16.03%
For the 23 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............ 17.12%
For the 22 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............ 19.13%
The three month average Portfolio Yield was
equal to................................ 17.42%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.75%
For the 23 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to............................. 7.81%
For the 22 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to............................. 7.93%
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 preceding Monthly
Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 646,415,190.45 6.78%
(2) 30 - 59 Days $ 178,739,042.89 1.87%
(3) 60 - 89 Days $ 128,489,809.95 1.35%
(4) 90 or More Days $ 289,988,096.66 3.04%
Total $ 1,243,632,139.95 13.04%
<PAGE>
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") ............................... $ 5,063,125.66
(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")
....................................... $ 4,328,972.44
(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")
....................................... $ 253,156.28
(4) The portion of the Series 1995-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 480,996.94
(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 .............................. 6.08%
For the 24 Monthly Period (the 2nd preceding Monthly Period),
the annualized investor default percentage was equal to 4.96%
For the 22 Monthly Period (the 3rd preceding Monthly Period),
the annualized investor default percentage was equal to 4.63%
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
<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 1995-1 Certificates..................... $ 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1995-1
Certificates................................... $ 0.00
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. $ 0.00
(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........................ $ 0.00
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
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1995-2
For the March 17, 1997 Distribution Date
For Monthly Period 21
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 March 1, 1995 (together,
the "Agreement") by and between 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
March 17, 1997 Distribution Date and with respect to the performance of the
Trust during the month February 1997 (the " 21 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 March 17, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 4.166835
(2) Class B Certificateholders.............. 4.256835
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................. 4.166835
(2) Class B Certificates................. 4.256835
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1995-2 Certificates
was equal to............................ $ 176,928,691.90
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 11.46%
For 20 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to............................ 12.48%
For the 19 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to................... 12.61%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1995-2 Certificates ......... $ 156,897,150.22
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1995-2 Certificates.............. $ 20,031,541.68
B) Deficit Controlled Amortization Amount.......... $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of 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)
........................................ $ 9,308,101,766.16
(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.............................. 16.1150%
(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 13.7783%
(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 0.8863%
(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 1.4503%
(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..... 15.7839%
(13) The Principal Allocation Percentage.... 15.7839%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 16.03%
For the 20 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............ 17.12%
For the 19 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............ 19.13%
The three month average Portfolio Yield was
equal to................................ 17.42%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.73%
For the 20 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to............................. 7.79%
For the 19 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to............................. 7.91%
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 preceding Monthly
Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 646,415,190.45 6.78%
(2) 30 - 59 Days $ 178,739,042.89 1.87%
(3) 60 - 89 Days $ 128,489,809.95 1.35%
(4) 90 or More Days $ 289,988,096.66 3.04%
Total $ 1,243,632,139.95 13.04%
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") .............................. $ 7,594,688.48
(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")
....................................... $ 6,493,458.65
(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")
....................................... $ 417,707.87
(4) The portion of the Series 1995-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 683,521.96
(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 .............................. 6.08%
For the 21 Monthly Period (the 2nd preceding Monthly Period),
the annualized investor default percentage was equal to 4.96%
For the 19 Monthly Period (the 3rd preceding Monthly Period),
the annualized investor default percentage was equal to 4.63%
<PAGE>
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..................... $ 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1995-2
Certificates................................... $ 0.00
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. $ 0.00
(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........................ $ 0.00
<PAGE>
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-1
For the March 17, 1997 Distribution Date
For Monthly Period 13
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 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
March 17, 1997 Distribution Date and with respect to the performance of the
Trust during the month February 1, 1997 (the " 13 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 March 17, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 4.151835
(2) Class B Certificateholders.............. 4.249335
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
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.................... 4.151835
(2) Class B Certificates.................... 4.249335
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly
Period and allocated to the Series 1996-1 Certificates
was equal to............................ $ 176,928,691.90
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 11.46%
For 12 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to............................ 12.48%
For the 11 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to................... 12.61%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-1 Certificates ......... $ 156,897,150.22
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-1 Certificates.............. $ 20,031,541.68
B) Deficit Controlled Amortization Amount.......... $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,308,101,766.16
(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.............................. 16.11%
(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 13.78%
(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 0.89%
(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 1.45%
(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...... 15.78%
(13) The Principal Allocation Percentage..... 15.78%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 16.03%
For the 12 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............ 17.12%
For the 11 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............ 19.13%
The three month average Portfolio Yield was
equal to................................ 17.42%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.72%
For the 12 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................ 7.78%
For the 11 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................ 7.899%
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 preceding Monthly
Period:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 646,415,190.45 6.78%
(2) 30 - 59 Days $ 178,739,042.89 1.87%
(3) 60 - 89 Days $ 128,489,809.95 1.35%
(4) 90 or More Days $ 289,988,096.66 3.04%
Total $ 1,243,632,139.95 13.04%
<PAGE>
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") ............................... $ 7,594,688.48
(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")
....................................... $ 6,493,458.65
(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")
....................................... $ 417,707.87
(4) The portion of the Series 1996-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
....................................... $ 683,521.96
(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 .............................. 6.08%
For the 13 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to .... 4.96%
For the 11 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to .... 4.63%
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
<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 1996-1 Certificates..................... $ 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1996-1
Certificates................................... $ 0.00
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. $ 0.00
(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........................ $ 0.00
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
<PAGE>
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-2
For the March 17, 1997 Distribution Date
For Monthly Period 10
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 June 1, 1996 (together, the
"Agreement") by and between 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
March 17, 1997 Distribution Date (the "Distribution Date") and with respect to
the performance of the Trust during the month February 1, 1997 (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 March 17, 1997, per $1,000 original
certificate principal amount
(1) Class A Certificateholders.............. 0.000000
(2) Class B Certificateholders.............. 0.000000
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 $1,000
original certificate principal amount
(1) Class A Certificates.................... 0.000000
(2) Class B Certificates.................... 0.000000
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with respect
to the preceding Monthly Period and allocated to the
Series 1996-2 Certificates was equal to ......$ 34,996,884.11
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 11.46%
For 9 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 12.48%
For the 8 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 12.61%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-2 Certificates ......... $ 31,034,601.14
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-2 Certificates.............. $ 3,962,282.97
B) Deficit Controlled Amortization Amount................. $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,308,101,766.16
(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
(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.............................. 3.19%
(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 .................................... 2.73%
(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 ................................... 0.18%
(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 .................................. 0.29%
(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...... 3.12%
(13) The Principal Allocation Percentage..... 3.12%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 16.03%
For the 9 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............. 17.12%
For the 8 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............. 19.13%
The three month average Portfolio Yield was
equal to................................. 17.42%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 7.75%
For the 9 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................. 7.76%
For the 8 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................. 7.77%
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 preceding Monthly Period
by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 646,415,190.45 6.78%
(2) 30 - 59 Days $ 178,739,042.89 1.87%
(3) 60 - 89 Days $ 128,489,809.95 1.35%
(4) 90 or More Days $ 289,988,096.66 3.04%
Total $ 1,243,632,139.95 13.04%
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")
........................................... $ 1,502,246.07
(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")
.......................................... $ 1,284,418.78
(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")
.......................................... $ 82,620.08
(4) The portion of the Series 1996-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 135,207.21
(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 ................................. 6.08%
For the 10 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.96%
For the 8 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.63%
<PAGE>
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 1996-2 Certificates........................ $ 0.00
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............................... $ 0.00
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..... $ 0.00
(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............................ $ 0.00
<PAGE>
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-3
For the March 17, 1997 Distribution Date
For Monthly Period 9
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 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
March 17, 1997 Distribution Date (the "Distribution Date") and with respect to
the performance of the Trust during the month February 1, 1997 (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 March 17, 1997, 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
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 the preceding Monthly
Period and allocated to the Series 1996-3 Certificates
was equal to............................ $ 126,152,491.15
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 11.46%
For 8 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 12.48%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 12.61%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-3 Certificates ......... $ 111,869,737.70
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the preceding Monthly Period which
were allocated in respect of the Series 1996-3 Certificates
............. $ 14,282,753.45
B) Deficit Controlled Amortization Amount................. $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,308,101,766.16
(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.............................. 11.49%
(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 .................................... 10.28%
(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 ................................... 0.46%
(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 .................................. 0.75%
(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...... 11.25%
(13) The Principal Allocation Percentage..... 11.25%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 16.03%
For the 8 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............. 17.12%
For the 7 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............. 19.13%
The three month average Portfolio Yield was
equal to................................. 17.42%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 9.12%
For the 8 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................. 9.12%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................. 9.13%
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 preceding Monthly Period
by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 646,415,190.45 6.78%
(2) 30 - 59 Days $ 178,739,042.89 1.87%
(3) 60 - 89 Days $ 128,489,809.95 1.35%
(4) 90 or More Days $ 289,988,096.66 3.04%
Total $ 1,243,632,139.95 13.04%
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")
........................................... $ 5,415,113.07
(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")
.......................................... $ 4,846,525.14
(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")
.......................................... $ 216,600.52
(4) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 351,987.41
<PAGE>
(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 ................................. 6.08%
For the 9 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.96%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.63%
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........................ $ 0.00
<PAGE>
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............................... $ 0.00
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..... $ 0.00
(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............................ $ 0.00
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
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
Chase Manhattan Credit Card Master Trust Series 1996-4
For the March 17, 1997 Distribution Date
For Monthly Period 9
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 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
March 17, 1997 Distribution Date (the "Distribution Date") and with respect to
the performance of the Trust during the month February 1, 1997 (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 March 17, 1997, 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
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 the preceding Monthly
Period and allocated to the Series 1996-4 Certificates
was equal to............................ $ 126,152,491.15
(2) The Payment Rate with respect to the preceding Monthly Period
was equal to............................ 11.46%
For 8 Monthly Period (the 2nd
preceding Monthly Period), the monthly payment rate was
equal to................................ 12.48%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the monthly payment
rate was equal to....................... 12.61%
<PAGE>
(3) The aggregate amount of Collections of Principal Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of
the Series 1996-4 Certificates ......... $ 111,869,737.70
(4) The aggregate amount of Collections of Finance Charge Receivables
processed with respect to the
preceding Monthly Period which were allocated in respect of the
Series 1996-4 Certificates.............. $ 14,282,753.45
B) Deficit Controlled Amortization Amount................. $ 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the Trust
as of the end of 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)
........................................ $ 9,308,101,766.16
(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.............................. 11.49%
(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 .................................... 10.28%
(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 ................................... 0.46%
(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 .................................. 0.75%
(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...... 11.25%
(13) The Principal Allocation Percentage..... 11.25%
<PAGE>
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding Monthly Period
was equal to............................. 16.03%
For the 8 Monthly Period (the 2nd
preceding Monthly Period), the annualized
portfolio yield was equal to............. 17.12%
For the 7 Monthly Period (the
3rd preceding Monthly Period), the annualized
portfolio yield was equal to............. 19.13%
The three month average Portfolio Yield was
equal to................................. 17.42%
(2) Base Rate for the preceding Monthly Period was equal to
......................................... 8.83%
For the 8 Monthly Period (the
2nd preceding Monthly Period), the Base Rate was
equal to................................. 8.83%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the Base Rate was
equal to................................. 8.84%
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 preceding Monthly Period
by:
Aggregate As a Percentage
Account of Aggregate
Balance Receivables
(1) Upto 29 Days $ 646,415,190.45 6.78%
(2) 30 - 59 Days $ 178,739,042.89 1.87%
(3) 60 - 89 Days $ 128,489,809.95 1.35%
(4) 90 or More Days $ 289,988,096.66 3.04%
Total $ 1,243,632,139.95 13.04%
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")
........................................... $ 5,415,113.07
(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")
.......................................... $ 4,846,525.14
(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")
.......................................... $ 216,600.52
<PAGE>
(4) The portion of the Series 1996-4 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the "Collateral Investor Default Amount")
.......................................... $ 351,987.41
(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 ................................. 6.08%
For the 9 Monthly Period (the 2nd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.96%
For the 7 Monthly Period (the 3rd
preceding Monthly Period), the annualized investor
default percentage was equal to ........... 4.63%
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 1996-4 Certificates........................ $ 0.00
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............................... $ 0.00
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..... $ 0.00
(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............................ $ 0.00
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
