<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: July 15 1999
CHASE MANHATTAN CREDIT CARD MASTER TRUST
(Exact name of registrant as
specified in its charter)
CHASE MANHATTAN BANK USA, N.A. (formerly known as
"The Chase Manhattan Bank (USA)")
(Sponsor of the Trust)
Delaware 33-40006 22-2382028
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
<PAGE>
Item 5. Other Events:
On July 15, 1999, 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 the Series 1996-1, Series 1996-2 and Series 1996-3 in accordance with the
Agreement.
Copies of the monthly Certificateholders' Statements for such
distribution is being filed as Exhibit 20.1 to this Current Report on Form
8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Certificateholders' Statements with
respect to the July 15, 1999 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.
Dated: July 30, 1999
Chase Manhattan Credit Card Master Trust,
By: Chase Manhattan Bank USA, N.A.,
as Servicer
By: /s/ Patricia Garvey
-------------------------------
Name: Patricia Garvey
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
----------------------------
Exhibit No. Description
- --------------- -----------------
20.1 Monthly Certificateholders' Statements with respect to the
July 15, 1999 distribution to Certificateholders for
Series 1996-1, Series 1996-2 and Series 1996-3
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-1
For Distribution Date 07/15/99
For Monthly Period 41
Under Section 5.02 of the Pooling and Servicing Agreement dated as of
June 1, 1991 and the Series 1996-1 Supplement dated as of February 1, 1996
(together, the Agreement) by and between The Chase Manhattan Bank USA, N.A.
(Chase) and Yasuda Bank and Trust Company(U.S.A.), as trustee (the Trustee),
Chase, as Servicer, is required to prepare certain information each month
regarding current distributions to Series 1996-1 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the Trust)and the
Series 1996-1 Class A Certificates and Series 1996-1 Class B Certificates
during the previous month. The required information with respect to the
07/15/99 Distribution Date and with respect to the performance of the Trust
during the related month (the Jun, 1999 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
07/15/99 per $1,000 original certificate principal amount
(1)Class A Certificateholders $84.041319
(2)Class B Certificateholders $4.356250
B) The amount of the distribution set forth in item I(A) above in respect of
principal of the 1996-1 Certificates, per $1,000 original certificate
principal amount
(1)Class A Certificateholders $83.333333
(2)Class B Certificateholders $0.000000
C) The amount of the distribution set forth in item I(A) above in respect of
interest on the 1996-1 Certificates, per $1,000 original certificate principal
amount
(1)Class A Certificateholders $0.707986
(2)Class B Certificateholders $4.356250
Chase Manhattan Credit Card Master Trust Series 1996-1
July 15, 1999
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
July 15, 1999
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 $191,445,555.80
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 13.31%
The monthly payment rate for the 2nd preceding Monthly
Period, (the 40th Monthly Period), 12.75%
The monthly payment rate for the 3rd preceding Monthly
Period, (the 39th Monthly Period), 12.45%
(3)(a)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 $186,148,271.71
(b) The aggregate amount of Investor Defaults treated
as Available Principal Collections pursuant to
sections 4.08 a.(iii), 4.10(b),(e),(l) $1,692,952.64
(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 $5,297,284.09
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) $3,097,382,473.97
(2)The Investor Interest as of the last
day of the preceding Monthly Period
(a)Investor Interest $234,375,000.00
(b)Class A Investor Interest $106,875,000.00
(c)Class B Investor Interest $82,500,000.00
<PAGE>
(d)Collateral Interest $45,000,000.00
(3)The Investor Interest set forth in item
II (C)(2)(a) above as a percentage of the
aggregate amount of Principal Receivables
set forth in item II(C)(1) above 7.5669%
(4) The Class A Investor Interest set forth in
item II (C)(2)(b) above as a percentage of the
aggregate amount of Principal Receivables set forth
in item II (C)(1) above 3.4505%
(5) The Class B Investor Interest set forth in
item II(C)(2)(c) above as a percentage of the
aggregate amount of Principal Receivables set forth
in item II (C)(1) above 2.6635%
(6) The Collateral Interest set forth in
item II (C)(2)(d) above as a percentage of the
aggregate amount of Principal Receivables set forth
in item II (C)(1) above 1.4528%
(7) The Class A Floating Percentage 62.6374%
(8) The Class B Floating Percentage 24.1758%
(9) The Class B Principal Percentage 5.5000%
(10) The Collateral Floating Percentage 13.1868%
(11) The Collateral Principal Percentage 9.0000%
(12) The Floating Allocation Percentage 10.9839%
(13) The Principal Allocation Percentage 48.2808%
D)Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period 18.63%
The annualized portfolio yield for the 2nd preceding
Monthly Period,(the 40th Monthly Period), 18.48%
The annualized portfolio yield for the 3rd preceding
Monthly Period, (the 39th Monthly Period), 17.63%
The three month average Portfolio Yield 18.25%
(2) Base Rate for the preceding Monthly Period 7.31%
The Base Rate for the 2nd preceding
Monthly Period, (the 40th Monthly Period), 7.21%
The Base Rate for the 3rd preceding
Monthly Period, (the 39th Monthly Period), 7.23%
<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:
(1) Up to 29 Days
Aggregate Account Balance $151,749,486.49
As a Percentage of Receivables 4.72%
(2) 30 - 59 Days
Aggregate Account Balance $42,688,676.72
As a Percentage of Receivables 1.33%
(3) 60 - 89 Days
Aggregate Account Balance $27,622,441.07
As a Percentage of Receivables 0.86%
(4) 90 or More Days
Aggregate Account Balance $58,655,758.70
As a Percentage of Receivables 1.82%
Total
Aggregate Account Balance $280,716,362.98
As a Percentage of Receivables 8.73%
F)Investor Default Amount
(1)The aggregate amount of all defaulted Principal
Receivables written off as uncollectible with
respect to Billing Cycles ending during the preceding
Monthly Period allocable to the Investor Interest
less Recoveries allocable to the Investor Interest
(the Series 1996-1 Aggregate Investor Default Amount) $1,692,952.64
(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) $1,060,420.88
(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) $409,285.25
(4)The portion of the Series 1996-1 Aggregate Investor
Default Amount allocable to the Collateral Investor
<PAGE>
Interest (the Collateral Investor Default Amount) $223,246.50
(5)The annualized investor default percentage
((Series 1996-1 Aggregate Investor Default
Amount/Investor Interest) x 12) for the preceding
Monthly Period 5.95%
The annualized investor default % for the 2nd
preceding Monthly Period, (the 40th Monthly Period), 6.22%
The annualized investor default % for the 3rd
preceding Monthly Period, (the 39th Monthly Period), 5.83%
G)Investor Charge Offs
(1)The aggregate amount of Class A Investor
Charge-Offs for the preceding Monthly Period $0.00
(2)The aggregate amount of Class A Investor
Charge-Offs per $1,000 original Certificate
Principal Amount $0.00
(3)The aggregate amount of Class A Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding the preceding Distribution Date $0.00
(4)The amount of the reimbursed Investor
Charge-Offs set forth in item II(G)(3)
above, per $1,000 original Class A
Certificate principal amount $0.00
(5)The aggregate amount of Class B Investor
Charge-Offs for the preceding Monthly Period $0.00
(6)The aggregate amount of Class B Investor
Charge-Offs per $1,000 original Certificate
Principal Amount $0.00
(7)The aggregate amount of Class B Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding the preceding Distribution Date $0.00
(8)The amount of the reimbursed Investor
Charge-Offs set forth in item II(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 amount of Investor
Charge-Offs per $1,000 Original Certificate
Principal Amount $0.00
(11)The aggregate amount of Investor
Charge-Offs reimbursed on the Transfer Date
<PAGE>
Immediately preceding the Distribution Date $0.00
(12)The amount of the reimbursed Investor
Charge-Offs set forth in item II(G)(11)
above, per $1,000 original Investor principal
amount $0.00
H)Shared Excess Finance Charge Collections
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 to Class A Certificates to
make up deficiencies in Class A Required Amounts for
any Monthly Period $0.00
(2)Collections of Principal Receivables allocable to
the Collateral Interest paid to Class B Certificates
to make up deficiencies in Class B Required Amounts $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 $611,406.25
(2)The amount of the Class A Monthly Servicing Fee
payable by the Trust for the preceding Monthly Period $382,968.75
(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 $80,625.00
L)Collateral Interest
The Available Collateral Interest, as of the Transfer
Date for the preceding Monthly Period $45,000,000.00
M)Required Collateral Interest
The Required Collateral Interest as of the Transfer
<PAGE>
Date for the preceding Monthly Period $45,000,000.00
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): 0.15652000
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.
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-2
For Distribution Date 07/15/99
For Monthly Period 38
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 The Chase Manhattan Bank USA, N.A.
(Chase) and Yasuda Bank and Trust Company(U.S.A.), as trustee (the Trustee),
Chase, as Servicer, is required to prepare certain information each month
regarding current distributions to Series 1996-2 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the Trust)and the
Series 1996-2 Class A Certificates and Series 1996-2 Class B Certificates during
the previous month. The required information with respect to the 07/15/99
Distribution Date and with respect to the performance of the Trust during the
related month (the Jun, 1999 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
07/15/99 per $1,000 original certificate principal amount
(1)Class A Certificateholders $85.147135
(2)Class B Certificateholders $4.419792
B) The amount of the distribution set forth in item I(A) above in respect of
principal of the 1996-2 Certificates, per $1,000 original certificate principal
amount
(1)Class A Certificateholders $83.333333
(2)Class B Certificateholders $0.000000
C) The amount of the distribution set forth in item I(A) above in respect of
interest on the 1996-2 Certificates, per $1,000 original certificate principal
amount
(1)Class A Certificateholders $1.813802
(2)Class B Certificateholders $4.419792
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
July 15, 1999
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 $38,901,980.62
(2) The Payment Rate with respect to the preceding Monthly
Period was equal to 13.31%
The monthly payment rate for the 2nd preceding Monthly
Period, (the 37th Monthly Period), 12.75%
The monthly payment rate for the 3rd preceding Monthly
Period, (the 36th Monthly Period), 12.45%
(3)(a)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 $36,820,537.26
(b) The aggregate amount of Investor Defaults treated
as Available Principal Collections pursuant to sections
4.08 a.(iii), 4.10(b),(e),(l) $665,205.98
(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 $2,081,443.36
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) $3,097,382,473.97
(2)The Investor Interest as of the last
day of the preceding Monthly Period
(a)Investor Interest $110,855,311.38
(b)Class A Investor Interest $84,560,333.36
(c)Class B Investor Interest $16,318,000.00
<PAGE>
(d)Collateral Interest $9,976,978.02
(3)The Investor Interest set forth in item
II (C)(2)(a) above as a percentage of the
aggregate amount of Principal Receivables
set forth in item II(C)(1) above 3.5790%
(4) The Class A Investor Interest set forth in
item II (C)(2)(b) above as a percentage of the
aggregate amount of Principal Receivables set
forth in item II (C)(1) above 2.7301%
(5) The Class B Investor Interest set forth in
item II(C)(2)(c) above as a percentage of the
aggregate amount of Principal Receivables set
forth in item II (C)(1) above 0.5268%
(6) The Collateral Interest set forth in item
II (C)(2)(d) above as a percentage of the
aggregate amount of Principal Receivables set
forth in item II (C)(1) above 0.3221%
(7) The Class A Floating Percentage 78.8302%
(8) The Class B Floating Percentage 12.1698%
(9) The Class B Principal Percentage 5.4998%
(10) The Collateral Floating Percentage 9.0000%
(11) The Collateral Principal Percentage 9.0003%
(12) The Floating Allocation Percentage 4.3159%
(13) The Principal Allocation Percentage 9.5501%
D)Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period 18.63%
The annualized portfolio yield for the 2nd preceding
Monthly Period,(the 37th Monthly Period), 18.48%
The annualized portfolio yield for the 3rd preceding
Monthly Period, (the 36th Monthly Period), 17.63%
The three month average Portfolio Yield 18.25%
(2) Base Rate for the preceding Monthly Period 7.40%
The Base Rate for the 2nd preceding
Monthly Period, (the 37th Monthly Period), 7.26%
The Base Rate for the 3rd preceding
Monthly Period, (the 36th Monthly Period), 7.26%
<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:
(1) Up to 29 Days
Aggregate Account Balance $151,749,486.49
As a Percentage of Receivables 4.72%
(2) 30 - 59 Days
Aggregate Account Balance $42,688,676.72
As a Percentage of Receivables 1.33%
(3) 60 - 89 Days
Aggregate Account Balance $27,622,441.07
As a Percentage of Receivables 0.86%
(4) 90 or More Days
Aggregate Account Balance $58,655,758.70
As a Percentage of Receivables 1.82%
Total
Aggregate Account Balance $280,716,362.98
As a Percentage of Receivables 8.73%
F)Investor Default Amount
(1)The aggregate amount of all defaulted
Principal Receivables written off as uncollectible
with respect to Billing Cycles ending during the
preceding Monthly Period allocable to the Investor
Interest less Recoveries allocable to the
Investor Interest (the Series 1996-2 Aggregate
Investor Default Amount) $665,205.98
(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) $524,383.29
(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) $80,954.14
(4)The portion of the Series 1996-2 Aggregate Investor
Default Amount allocable to the Collateral Investor
<PAGE>
Interest (the Collateral Investor Default Amount) $59,868.54
(5)The annualized investor default percentage ((Series
1996-2 Aggregate Investor Default Amount/Investor
Interest) x 12) for the preceding Monthly Period 5.95%
The annualized investor default % for the 2nd
preceding Monthly Period, (the 37th Monthly Period), 6.22%
The annualized investor default % for the 3rd
preceding Monthly Period, (the 36th Monthly Period), 5.83%
G)Investor Charge Offs
(1)The aggregate amount of Class A Investor
Charge-Offs for the preceding Monthly Period $0.00
(2)The aggregate amount of Class A Investor
Charge Offs per $1,000 original Certificate
Principal Amount $0.00
(3)The aggregate amount of Class A Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding the preceding Distribution
Date $0.00
(4)The amount of the reimbursed Investor
Charge-Offs set forth in item II(G)(3)
above, per $1,000 original Class A
Certificate principal amount $0.00
(5)The aggregate amount of Class B Investor
Charge-Offs for the preceding Monthly Period $0.00
(6)The aggregate amount of Class B Investor
Charge-Offs per $1,000 original Certificate
Principal Amount $0.00
(7)The aggregate amount of Class B Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding the preceding Distribution
Date $0.00
(8)The amount of the reimbursed Investor
Charge-Offs set forth in item II(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 amount of Investor
Charge-Offs per $1,000 Original Certificate
Principal Amount $0.00
(11)The aggregate amount of Investor
Charge-Offs reimbursed on the Transfer Date
<PAGE>
Immediately preceding the Distribution Date $0.00
(12)The amount of the reimbursed Investor
Charge-Offs set forth in item II(G)(11)
above, per $1,000 original Investor principal
amount $0.00
H)Shared Excess Finance Charge Collections
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 allocated to the Series 1996-2
Certificates $0.00
J)Reallocated Principal Collections
(1)Collections of Principal Receivables allocable to
Class B Certificates paid to Class A Certificates to
make up deficiencies in Class A Required Amounts for
any Monthly Period $0.00
(2)Collections of Principal Receivables allocable to
the Collateral Interest paid to Class B Certificates
to make up deficiencies in Class B Required Amounts $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 $240,237.73
(2)The amount of the Class A Monthly Servicing Fee
payable by the Trust for the preceding Monthly Period $189,379.91
(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 $21,621.40
L)Collateral Interest
The Available Collateral Interest, as of the Transfer
Date for the preceding Monthly Period $9,976,978.02
M)Required Collateral Interest
The Required Collateral Interest as of the Transfer
<PAGE>
Date for the preceding Monthly Period $9,976,978.02
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): 0.37362346
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.
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
For Distribution Date 07/15/99
For Monthly Period 37
Under Section 5.02 of the Pooling and Servicing Agreement dated as of
June 1, 1991 and the Series 1996-3 Supplement dated as of June 1, 1996
(together, the Agreement) by and between The Chase Manhattan Bank USA, N.A.
(Chase) and Yasuda Bank and Trust Company(U.S.A.), as trustee (the Trustee),
Chase, as Servicer, is required to prepare certain information each month
regarding current distributions to Series 1996-3 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the Trust)and the
Series 1996-3 Class A Certificates and Series 1996-3 Class B Certificates during
the previous month. The required information with respect to the 07/15/99
Distribution Date and with respect to the performance of the Trust during the
related month (the Jun, 1999 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
07/15/99 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 item I(A) 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 item I(A) above in respect of
interest on the 1996-3 Certificates, per $1,000 original certificate principal
amount
(1)Class A Certificateholders $5.866667
(2)Class B Certificateholders $6.008333
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
July 15, 1999
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 $149,328,517.92
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 13.31%
The monthly payment rate for the 2nd preceding Monthly
Period, (the 36th Monthly Period), 12.75%
The monthly payment rate for the 3rd preceding Monthly
Period, (the 35th Monthly Period), 12.45%
(3)(a)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 $132,726,173.16
(b) The aggregate amount of Investor Defaults treated
as Available Principal Collections pursuant to sections
4.08 a.(iii), 4.10(b),(e),(l) $5,305,923.35
(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 $16,602,344.76
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) $3,097,382,473.97
(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
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(d)Collateral Interest $69,519,786.10
(3)The Investor Interest set forth in item
II (C)(2)(a) above as a percentage of the
aggregate amount of Principal Receivables
set forth in item II(C)(1) above 34.5298%
(4) The Class A Investor Interest set forth in
item II (C)(2)(b) above as a percentage of the
aggregate amount of Principal Receivables set
forth in item II (C)(1) above 30.9042%
(5) The Class B Investor Interest set forth in
item II(C)(2)(c) above as a percentage of the
aggregate amount of Principal Receivables set
forth in item II (C)(1) above 1.3812%
(6) The Collateral Interest set forth in item
II (C)(2)(d) above as a percentage of the
aggregate amount of Principal Receivables set
forth in item II (C)(1) above 2.2445%
(7) The Class A Floating Percentage 89.5000%
(8) The Class B Floating Percentage 3.9999%
(9) The Class B Principal Percentage 3.9999%
(10) The Collateral Floating Percentage 6.5001%
(11) The Collateral Principal Percentage 6.5001%
(12) The Floating Allocation Percentage 34.4249%
(13) The Principal Allocation Percentage 34.4249%
D)Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period 18.63%
The annualized portfolio yield for the 2nd preceding
Monthly Period,(the 36th Monthly Period), 18.48%
The annualized portfolio yield for the 3rd preceding
Monthly Period, (the 35th Monthly Period), 17.63%
The three month average Portfolio Yield 18.25%
(2) Base Rate for the preceding Monthly Period 9.09%
The Base Rate for the 2nd preceding
Monthly Period, (the 36th Monthly Period), 9.09%
The Base Rate for the 3rd preceding
Monthly Period, (the 35th Monthly Period), 9.09%
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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:
(1) Up to 29 Days
Aggregate Account Balance $151,749,486.49
As a Percentage of Receivables 4.72%
(2) 30 - 59 Days
Aggregate Account Balance $42,688,676.72
As a Percentage of Receivables 1.33%
(3) 60 - 89 Days
Aggregate Account Balance $27,622,441.07
As a Percentage of Receivables 0.86%
(4) 90 or More Days
Aggregate Account Balance $58,655,758.70
As a Percentage of Receivables 1.82%
Total
Aggregate Account Balance $280,716,362.98
As a Percentage of Receivables 8.73%
F)Investor Default Amount
(1)The aggregate amount of all defaulted
Principal Receivables written off as uncollectible
with respect to Billing Cycles ending during the
preceding Monthly Period allocable to the Investor
Interest less Recoveries allocable to the
Investor Interest (the Series 1996-3 Aggregate
Investor Default Amount) $5,305,923.35
(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) $4,748,800.37
(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) $212,233.01
(4)The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Collateral Investor
<PAGE>
Interest (the Collateral Investor Default Amount) $344,889.98
(5)The annualized investor default percentage ((Series
1996-3 Aggregate Investor Default Amount/Investor
Interest) x 12) for the preceding Monthly Period 5.95%
The annualized investor default % for the 2nd
preceding Monthly Period, (the 36th Monthly Period), 6.22%
The annualized investor default % for the 3rd
preceding Monthly Period, (the 35th Monthly Period), 5.83%
G)Investor Charge Offs
(1)The aggregate amount of Class A Investor
Charge-Offs for the preceding Monthly Period $0.00
(2)The aggregate amount of Class A Investor
Charge Offs per $1,000 original Certificate
Principal Amount $0.00
(3)The aggregate amount of Class A Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding the preceding Distribution
Date $0.00
(4)The amount of the reimbursed Investor
Charge-Offs set forth in item II(G)(3)
above, per $1,000 original Class A
Certificate principal amount $0.00
(5)The aggregate amount of Class B Investor
Charge-Offs for the preceding Monthly Period $0.00
(6)The aggregate amount of Class B Investor
Charge-Offs per $1,000 original Certificate
Principal Amount $0.00
(7)The aggregate amount of Class B Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding the preceding Distribution
Date $0.00
(8)The amount of the reimbursed Investor
Charge-Offs set forth in item II(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 amount of Investor
Charge-Offs per $1,000 Original Certificate
Principal Amount $0.00
(11)The aggregate amount of Investor
Charge-Offs reimbursed on the Transfer Date
<PAGE>
Immediately preceding the Distribution Date $0.00
(12)The amount of the reimbursed Investor
Charge-Offs set forth in item II(G)(11)
above, per $1,000 original Investor principal
amount $0.00
H)Shared Excess Finance Charge Collections
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 allocated to the Series 1996-3
Certificates $0.00
J)Reallocated Principal Collections
(1)Collections of Principal Receivables allocable to
Class B Certificates paid to Class A Certificates to
make up deficiencies in Class A Required Amounts for
any Monthly Period $0.00
(2)Collections of Principal Receivables allocable to
the Collateral Interest paid to Class B Certificates
to make up deficiencies in Class B Required Amounts $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 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
The Available Collateral Interest, as of the Transfer
Date for the preceding Monthly Period $69,519,786.10
M)Required Collateral Interest
The Required Collateral Interest as of the Transfer
<PAGE>
Date for the preceding Monthly Period $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): 1.00000000
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.
