<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: June 16, 1999
CHASE MANHATTAN CREDIT CARD MASTER TRUST
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(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
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<PAGE>
Item 5. Other Events:
On March 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, Series 1996-3 and Series 1996-4 in accordance with the
Agreement.
On April 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, Series 1996-3 and Series 1996-4 in accordance with the
Agreement.
On May 17, 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, Series 1996-3 and Series 1996-4 in accordance with the
Agreement.
Copies of the monthly Certificateholders' Statements for such
distributions delivered are being filed as Exhibits 20.1, 20.2 and 20.3 to this
Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
---------- -----------
20.1 Monthly Certificateholders' Statements with
respect to the March 15, 1999 distribution.
20.2 Monthly Certificateholders' Statements with
respect to the April 15, 1999 distribution.
20.3 Monthly Certificateholders' Statements with
respect to the May 17, 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: June 24, 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 distribution to March 15, 1999 distribution
to Certificateholders for Series 1996-1, Series
1996-2, Series 1996-3 and Series 1996-4
20.2 Monthly Certificateholders' Statements with respect
to the distribution to April 15, 1999 distribution
to Certificateholders for Series 1996-1, Series
1996-2, Series 1996-3 and Series 1996-4
20.3 Monthly Certificateholders' Statements with respect
to the distribution to May 17, 1999 distribution to
Certificateholders for Series 1996-1, Series
1996-2, Series 1996-3 and Series 1996-4
<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 03/15/99
For Monthly Period 37
Under Section 5.02 of the Pooling and Servicing Agreement dated
as of June 1, 1991 and the Series 1996-1 Supplement dated as of
February 1, 1996 (together, the Agreement) by and between The
Chase Manhattan Bank USA, N.A. (Chase) and Yasuda Bank and Trust
Company (U.S.A.), as trustee (the Trustee), Chase, as Servicer,
is required to prepare certain information each month regarding
current distributions to Series 1996-1 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the
Trust) and the Series 1996-1 Class A Certificates and Series
1996-1 Class B Certificates during the previous month. The
information which is required to be prepared with respect
to the Distribution Date and with respect to the 03/15/99
performance of the Trust during the month Feb, 1999
(the 37
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 03/15/99
per $1,000 original certificate principal amount
(1) Class A Certificateholders 85.225445
(2) Class B Certificateholders 3.881723
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 83.333333
(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 Certificateholders 1.892111
(2) Class B Certificateholders 3.881723
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
March 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections processed with
respect to the preceding Monthly Period and
allocated to the Series 1996-1 Certificates was
equal to 178,482,932.20
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 12.04%
The monthly payment rate for (the 2nd preceding
Monthly Period), the 36
Monthly Period, was equal to 12.34%
The monthly payment rate for (the 3rd preceding
Monthly Period), the 35
Monthly Period, was equal to 12.84%
(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 166,513,961.59
(3)b. The aggregate amount of Investor Defaults treated
as Available Principal Collections prusuant to
sections 4.08 a.(iii), 4.10 (b),(e),(l) 4,054,619.83
(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 11,968,970.61
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) 4,312,696,855.27
(2) The Investor Interest as of the last day of the
preceding Monthly Period
(a) Investor Interest 677,884,615.38
(b) Class A Investor Interest 534,375,000.00
(c) Class B Investor Interest 82,500,000.00
(d) Collateral Interest 61,009,615.38
(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 15.7183%
(4) The Class A Investor Interest set forth in
paragraph C(2)(b) above as a percentage of the
aggregate amount of Principal Receivables set
forth in paragraph C(1) above 12.3907%
(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 1.9130%
(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 1.4147%
(7) The Class A Floating Percentage 80.6269%
(8) The Class B Floating Percentage 10.3731%
(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 18.2605%
(13) The Principal Allocation Percentage 34.4394%
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
March 15, 1999
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding
Monthly Period was equal to 18.06%
The annualized portfolio yield for (the 2nd
preceding Monthly Period), the 36
Monthly Period, was equal to 17.36%
The annualized portfolio yield for (the 3rd
preceding Monthly Period), the 35
Monthly Period, was equal to 19.12%
The three month average Portfolio Yield was
equal to 18.18%
(2) Base Rate for the preceding Monthly Period was
equal to 7.23%
The Base Rate for (the 2nd preceding Monthly
Period), the 36
Monthly Period, was equal to 7.29%
The Base Rate for (the 3rd preceding Monthly
Period), the 35
Monthly Period was equal to 7.83%
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:
Up to 29 Days
Aggregate Account Balance 272,653,164.82
As a Percentage of Receiveables 6.09%
(2) 30 - 59 Days
Aggregate Account Balance 66,997,623.75
As a Percentage of Receiveables 1.50%
(3) 60 - 89 Days
Aggregate Account Balance 44,817,837.30
As a Percentage of Receiveables 1.00%
(4) 90 or More Days
Aggregate Account Balance 94,894,039.21
As a Percentage of Receiveables 2.12%
Total
Aggregate Account Balance 479,362,665.08
As a Percentage of Receiveables 10.71%
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 Period allocable
to the Investor Interest (the Series 1996-1
Aggregate Investor Default Amount) 4,054,619.83
(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) 3,269,116.02
(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) 420,588.03
(4) The portion of the Series 1996-1 Aggregate
Investor Default Amount allocable to the Collateral
Investor Interest (the Collateral Investor
Default Amount) 364,915.78
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
March 15, 1999
(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 6.12%
The annualized investor default % for (the 2nd
preceding Monthly Period), the 36
Monthly Period, was equal to 6.31%
The annualized investor default % for (the 3rd
preceding Monthly Period), the 35
Monthly Period, was equal to 6.62%
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period 0.00
(2) The aggregate Class A Charge Off per $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 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 $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 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 $1,000
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>
Chase Manhattan Credit Card Master Trust Series 1996-1
March 15, 1999
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 1,424,965.66
(2) The amount of the Class A Monthly Servicing Fee
payable by the Trust for the preceding Monthly
Period 1,148,906.25
(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 128,246.91
L) Collateral Interest
(1) The Available Collateral Interest, as of the close
of Transfer Date for the preceding Monthly Period
was equal to 61,009,615.38
M) Required Collateral Interest
(1) The Required Collateral interest as of the
Transfer Date for the preceding Monthly Period was
equal to 61,009,615.38
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. 0.45192308
<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 03/15/99
For Monthly Period 34
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 information which is required to be prepared with respect to
the 03/15/99
Distribution Date and with respect to the performance of the
Trust during the Feb, 1999
month (the 34
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 03/15/99
per $1,000 original certificate principal amount
(1) Class A Certificateholders 86.190833
(2) Class B Certificateholders 3.870000
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 83.333333
(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 Certificateholders 2.857500
(2) Class B Certificateholders 3.870000
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
March 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections
processed with respect to the preceding
Monthly Period and allocated to the Series
1996-2 Certificates was equal to 36,353,110.80
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to
12.04 % The monthly payment rate for (the
2nd preceding Monthly Period), the 33
Monthly Period, was equal to 12.34 % The
monthly payment rate for (the 3rd
preceding Monthly Period), the 32 Monthly
Period, was equal to 12.84 %
(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 32,936,827.57
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
prusuant to sections 4.08 a.(iii), 4.10
(b),(e),(l) 1,157,303.35
(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 1996-2 Certificates 3,416,283.23
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) 4,312,696,855.27
(2) The Investor Interest as of the last day
of the preceding Monthly Period
(a) Investor Interest 203,778,754.59
(b) Class A Investor Interest 169,120,666.68
(c) Class B Investor Interest 16,318,000.00
(d) Collateral Interest 18,340,087.91
(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 4.7251 %
(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 3.9215 %
(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 0.3784 %
(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 0.4253 %
(7) The Class A Floating Percentage 83.8118 %
(8) The Class B Floating Percentage 7.1882 %
(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 5.2121 %
(13) The Principal Allocation Percentage 6.8122 %
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
March 15, 1999
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 18.06 %
The annualized portfolio yield for (the
2nd preceding Monthly Period), the 33
Monthly Period, was equal to 17.36 %
The annualized portfolio yield for (the
3rd preceding Monthly Period), the 32
Monthly Period, was equal to 19.12 %
The three month average Portfolio Yield
was equal to 18.18 %
(2) Base Rate for the preceding Monthly Period
was equal to 7.26 %
The Base Rate for (the 2nd preceding
Monthly Period), the 33
Monthly Period, was equal to 7.29 %
The Base Rate for (the 3rd preceding
Monthly Period), the 32
Monthly Period was equal to 7.51 %
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:
Up to 29 Days
Aggregate Account Balance 272,653,164.82
As a Percentage of Receiveables 6.09 %
(2) 30 - 59 Days
Aggregate Account Balance 66,997,623.75
As a Percentage of Receiveables 1.50 %
(3) 60 - 89 Days
Aggregate Account Balance 44,817,837.30
As a Percentage of Receiveables 1.00 %
(4) 90 or More Days
Aggregate Account Balance 94,894,039.21
As a Percentage of Receiveables 2.12 %
Total
Aggregate Account Balance 479,362,665.08
As a Percentage of Receiveables 10.71 %
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 Period
allocable to the Investor Interest (the
Series 1996-2 Aggregate Investor Default
Amount) 1,157,303.35
(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) 969,956.28
(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) 83,189.76
(4) The portion of the Series 1996-2 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the
Collateral Investor Default Amount) 104,157.30
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
March 15, 1999
(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 6.12 %
The annualized investor default % for (the
2nd preceding Monthly Period), the 33
Monthly Period, was equal to 6.31 %
The annualized investor default % for (the
3rd preceding Monthly Period), the 32
Monthly Period, was equal to 6.62 %
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor
Charge-Offs for the preceding Monthly
Period 0.00
(2) The aggregate Class A Charge Off per
$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 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
$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 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
$1,000 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 1996-2
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
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>
Chase Manhattan Credit Card Master Trust Series 1996-2
March 15, 1999
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 406,725.56
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust for the
preceding Monthly Period 340,883.84
(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 36,605.30
L) Collateral Interest
(1) The Available Collateral Interest, as of
the close of Transfer Date for the
preceding Monthly Period was equal to 18,340,087.91
M) Required Collateral Interest
(1) The Required Collateral interest as of the
Transfer Date for the preceding Monthly
Period was equal to 18,340,087.91
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. 0.68680988
<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 03/15/99
For Monthly Period 33
Under Section 5.02 of the Pooling and Servicing Agreement dated as
of June 1, 1991 and the Series 1996-3 Supplement dated as of June
1, 1996 (together, the Agreement) by and between The Chase Manhattan
Bank USA, N.A. (Chase) and Yasuda Bank and Trust Company (U.S.A.),
as trustee (the Trustee), Chase, as Servicer, is required to prepare
certain information each month regarding current distributions to
Series 1996-3 Certificateholders and the performance of the Chase
Manhattan Credit Card Master Trust (the Trust) and the Series 1996-3
Class A Certificates and Series 1996-3 Class B Certificates during
the previous month. The information which is required to be prepared
with respect to the 03/15/99
Distribution Date and with respect to the performance of the Trust
during the month Feb, 1999
(the 33
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 03/15/99
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 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 Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
March 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections processed
with respect to the preceding Monthly Period
and allocated to the Series 1996-3
Certificates was equal to 134,821,927.47
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 12.04 %
The monthly payment rate for (the 2nd
preceding Monthly Period), the 32
Monthly Period, was equal to 12.34 %
The monthly payment rate for (the 3rd
preceding Monthly Period), the 31
Monthly Period, was equal to 12.84 %
(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 118,726,651.05
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
pursuant to sections 4.08 a.(iii), 4.10
(b),(e),(l) 5,452,451.10
(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 16,095,276.42
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) 4,312,696,855.27
(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 24.7993 %
(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 22.1954 %
(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 0.9920 %
(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 1.6120 %
(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 24.5558 %
(13) The Principal Allocation Percentage 24.5558 %
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
March 15, 1999
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 18.06 %
The annualized portfolio yield for (the
2nd preceding Monthly Period), the 32
Monthly Period, was equal to 17.36 %
The annualized portfolio yield for (the 3rd
preceding Monthly Period), the 31
Monthly Period, was equal to 19.12 %
The three month average Portfolio Yield
was equal to 18.18 %
(2) Base Rate for the preceding Monthly
Period was equal to 9.09 %
The Base Rate for (the 2nd preceding
Monthly Period), the 32
Monthly Period, was equal to 9.09 %
The Base Rate for (the 3rd preceding
Monthly Period), the 31
Monthly Period 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:
Up to 29 Days
Aggregate Account Balance 272,653,164.82
As a Percentage of Receiveables 6.09 %
(2) 30 - 59 Days
Aggregate Account Balance 66,997,623.75
As a Percentage of Receiveables 1.50 %
(3) 60 - 89 Days
Aggregate Account Balance 44,817,837.30
As a Percentage of Receiveables 1.00 %
(4) 90 or More Days
Aggregate Account Balance 94,894,039.21
As a Percentage of Receiveables 2.12 %
Total
Aggregate Account Balance 479,362,665.08
As a Percentage of Receiveables 10.71 %
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 Period allocable
to the Investor Interest (the Series 1996-3
Aggregate Investor Default Amount) 5,452,451.10
(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) 4,879,942.67
(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) 218,094.01
(4) The portion of the Series 1996-3 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the Collateral
Investor Default Amount) 354,414.42
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
March 15, 1999
(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 6.12 %
The annualized investor default % for (the
2nd preceding Monthly Period), the 32
Monthly Period, was equal to 6.31 %
The annualized investor default % for (the
3rd preceding Monthly Period), the 31
Monthly Period, was equal to 6.62 %
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor
Charge-Offs for the preceding Monthly Period 0.00
(2) The aggregate Class A Charge Off per $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 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 $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 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 $1,000
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 1996-3 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 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>
Chase Manhattan Credit Card Master Trust Series 1996-3
March 15, 1999
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
(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. 1.00000000
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-4
For Distribution Date 03/15/99
For Monthly Period 33
Under Section 5.02 of the Pooling and Servicing Agreement
dated as of June 1, 1991 and the Series 1996-4 Supplement
dated as of June 1, 1996 (together, the Agreement) by and
between The Chase Manhattan Bank USA, N.A. (Chase) and Yasuda
Bank and Trust Company (U.S.A.), as trustee (the Trustee),
Chase, as Servicer, is required to prepare certain information
each month regarding current distributions to Series 1996-4
Certificateholders and the performance of the Chase Manhattan
Credit Card Master Trust (the Trust) and the Series 1996-4
Class A Certificates and Series 1996-4 Class B Certificates
during the previous month. The information which is required
to be prepared with respect to the 03/15/99
Distribution Date and with respect to the performance of the
Trust during the month Feb, 1999
(the 33
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 03/15/99
Certificateholders on 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 Certificateholders 5.608333
(2) Class B Certificateholders 5.741667
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
March 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections
processed with respect to the
preceding Monthly Period and allocated
to the Series 1996-4 Certificates was
equal to 124,940,859.66
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 12.04 %
The monthly payment rate for (the 2nd
preceding Monthly Period), the 32
Monthly Period, was equal to 12.34 %
The monthly payment rate for (the 3rd
preceding Monthly Period), the 31
Monthly Period, was equal to 12.84 %
(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 1996-4 Certificates 118,726,651.05
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal
Collections pursuant to sections
4.08 a.(iii), 4.10 (b),(e),(l) 2,105,131.20
(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 6,214,208.61
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) 4,312,696,855.27
(2) The Investor Interest as of the last
day of the preceding Monthly Period
(a) Investor Interest 1,032,085,593.58
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 32,085,593.58
(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 23.9313 %
(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 22.1954 %
(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 0.9920 %
(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 0.7440 %
(7) The Class A Floating Percentage 81.8697 %
(8) The Class B Floating Percentage 10.3601 %
(9) The Class B Principal Percentage 3.9999 %
(10) The Collateral Floating Percentage 7.7702 %
(11) The Collateral Principal Percentage 6.5001 %
(12) The Floating Allocation Percentage 9.4807 %
(13) The Principal Allocation Percentage 24.5558 %
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
March 15, 1999
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 11.28 %
The annualized portfolio yield for
(the 2nd preceding Monthly Period), the 32
Monthly Period, was equal to 12.10 %
The annualized portfolio yield for (the
3rd preceding Monthly Period), the 31
Monthly Period, was equal to 14.19 %
The three month average Portfolio
Yield was equal to 12.52 %
(2) Base Rate for the preceding Monthly
Period was equal to 7.55 %
The Base Rate for (the 2nd preceding
Monthly Period), the 32
Monthly Period, was equal to 7.82 %
The Base Rate for (the 3rd preceding
Monthly Period), the 31
Monthly Period was equal to 8.09 %
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:
Up to 29 Days
Aggregate Account Balance 272,653,164.82
As a Percentage of Receiveables 6.09 %
(2) 30 - 59 Days
Aggregate Account Balance 66,997,623.75
As a Percentage of Receiveables 1.50 %
(3) 60 - 89 Days
Aggregate Account Balance 44,817,837.30
As a Percentage of Receiveables 1.00 %
(4) 90 or More Days
Aggregate Account Balance 94,894,039.21
As a Percentage of Receiveables 2.12 %
Total
Aggregate Account Balance 479,362,665.08
As a Percentage of Receiveables 10.71 %
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 Period allocable
to the Investor Interest (the Series
1996-4 Aggregate Investor Default Amount) 2,105,131.20
(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) 1,723,463.66
(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) 218,094.01
(4) The portion of the Series 1996-4
Aggregate Investor Default Amount
allocable to the Collateral Investor
Interest (the Collateral Investor
Default Amount) 163,573.53
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
March 15, 1999
(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 2.45 %
The annualized investor default % for
(the 2nd preceding Monthly Period), the 32
Monthly Period, was equal to 3.34 %
The annualized investor default % for
(the 3rd preceding Monthly Period), the 31
Monthly Period, was equal to 4.28 %
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 reimbursed on the Transfer Date
immediately preceding such Distribution Date 0.00
(3) 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
(4) The aggregate amount of Class B Investor
Charge-Offs for such Monthly Period 0.00
(5) The aggregate amount of Class B Investor
Charge-Offs reimbursed on the Transfer Date
immediately preceding such Distribution Date 0.00
(6) The amount of the reimbursed Investor
Charge-Offs set forth in paragraph
G(3) above, per $1,000 original Class B
Certificate principal amount 0.00
(7) The aggregate amount of Investor Charge-Offs 0.00
(8) The aggregate amount of reimbursed Investor
Charge-Offs 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge
Collections during the preceding Monthly Period which
were allocated to the Series 1996-4 Certificates 68,064.56
I) Shared Principal Collections
The aggregate amount of Shared Principal
Collections during the preceding Monthly Period
allocated to the Series 1996-4 Certificates 10,608,502.75
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>
Chase Manhattan Credit Card Master Trust Series 1996-4
March 15, 1999
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 739,832.53
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust
for the preceding Monthly Period 605,698.35
(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 57,486.69
L) Collateral Interest
(1) The Available Collateral Interest, as
of the close of Transfer Date for the
preceding Monthly Period was equal to 32,085,593.58
M) Required Collateral Interest
(1) The Required Collateral interest as
of the Transfer Date for the preceding
Monthly Period was equal to 32,085,593.58
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. 0.96499907
<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 04/15/99
For Monthly Period 38
Under Section 5.02 of the Pooling and Servicing Agreement
dated as of June 1, 1991 and the Series 1996-1 Supplement
dated as of February 1, 1996 (together, the Agreement) by
and between The Chase Manhattan Bank USA, N.A. (Chase) and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the
Trustee), Chase, as Servicer, is required to prepare certain
information each month regarding current distributions to
Series 1996-1 Certificateholders and the performance of the
Chase Manhattan Credit Card Master Trust (the Trust) and the
Series 1996-1 Class A Certificates and Series 1996-1
Class B Certificates during the previous month. The information
which is required to be prepared with respect to the 04/15/99
Distribution Date and with respect to the performance of the
Trust during the month Mar, 1999
(the 38
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 04/15/99
per $1,000 original certificate principal amount
(1) Class A Certificateholders 85.144806
(2) Class B Certificateholders 4.459479
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 83.333333
(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 Certificateholders 1.811473
(2) Class B Certificateholders 4.459479
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
April 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections processed
with respect to the preceding Monthly Period
and allocated to the Series 1996-1
Certificates was equal to 201,087,563.56
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 13.68%
The monthly payment rate for (the 2nd preceding
Monthly Period), the 37
Monthly Period, was equal to 12.04%
The monthly payment rate for (the 3rd preceding
Monthly Period), the 36
Monthly Period, was equal to 12.34%
(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 189,795,668.79
(3)b. The aggregate amount of Investor Defaults
treated as Available
Principal Collections prusuant to sections
4.08 a.(iii), 4.10 (b),(e),(l) 3,517,265.00
(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 11,291,894.77
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) 4,261,056,597.69
(2) The Investor Interest as of the last day of
the preceding Monthly Period
(a) Investor Interest 560,439,560.44
(b) Class A Investor Interest 427,500,000.00
(c) Class B Investor Interest 82,500,000.00
(d) Collateral Interest 50,439,560.44
(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 13.1526%
(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 10.0327%
(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 1.9361%
(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
(7) The Class A Floating Percentage 78.8298%
(8) The Class B Floating Percentage 12.1702%
(9) The Class B Principal Percentage 5.5000%
(10) The Collateral Floating Percentage 9.0000%
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
April 15, 1999
(11) The Collateral Principal Percentage 9.0000%
(12) The Floating Allocation Percentage 15.7183%
(13) The Principal Allocation Percentage 34.7810%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for
the preceding Monthly Period was
equal to
The annualized portfolio yield for (the
2nd preceding Monthly Period), the 37
Monthly Period, was equal to 18.06%
The annualized portfolio yield for (the
3rd preceding Monthly Period), the 36
Monthly Period, was equal to 17.36%
The three month average Portfolio Yield
was equal to 18.47%
(2) Base Rate for the preceding Monthly Period
was equal to 7.24%
The Base Rate for (the 2nd preceding Monthly
Period), the 37
Monthly Period, was equal to 7.23%
The Base Rate for (the 3rd preceding Monthly
Period), the 36
Monthly Period was equal to 7.29%
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:
Up to 29 Days
Aggregate Account Balance 202,958,220.09
As a Percentage of Receiveables 4.59%
(2) 30 - 59 Days
Aggregate Account Balance 62,377,852.56
As a Percentage of Receiveables 1.41%
(3) 60 - 89 Days
Aggregate Account Balance 40,142,027.89
As a Percentage of Receiveables 0.91%
(4) 90 or More Days
Aggregate Account Balance 88,013,362.10
As a Percentage of Receiveables 1.99%
Total
Aggregate Account Balance 393,491,462.64
As a Percentage of Receiveables 8.91%
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 Period
allocable to the Investor Interest (the
Series 1996-1 Aggregate Investor Default
Amount) 3,517,265.00
(2) The portion of the series 1996-1 Aggregate
Investor Default Amount allocable
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
April 15, 1999
to the Class A Investor Interest (the
Class A Investor Default Amount) 2,772,652.51
(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) 428,058.63
(4) The portion of the Series 1996-1
Aggregate Investor Default Amount
allocable to the Collateral Investor
Interest (the Collateral
Investor Default Amount) 316,553.85
(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 6.23%
The annualized investor default %
for (the 2nd preceding Monthly
Period), the 37
Monthly Period, was equal to 6.12%
The annualized investor default %
for (the 3rd preceding Monthly
Period), the 36
Monthly Period, was equal to 6.31%
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
$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 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 $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 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
$1,000 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
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
April 15, 1999
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 1,214,543.27
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust
for the preceding Monthly Period 957,421.87
(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 109,308.89
L) Collateral Interest
(1) The Available Collateral Interest,
as of the close of Transfer Date
for the preceding Monthly Period
was equal to 50,439,560.44
M) Required Collateral Interest
(1) The Required Collateral interest as
of the Transfer Date for the
preceding Monthly Period was equal to 50,439,560.44
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. 0.37362637
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<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 04/15/99
For Monthly Period 35
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
information which is required to be prepared with respect to the 04/15/99
Distribution Date and with respect to the performance of the
Trust during the month Mar, 1999
(the 35
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 04/15/99
per $1,000 original certificate principal amount
(1) Class A Certificateholders 86.249630
(2) Class B Certificateholders 4.443333
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 83.333333
(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 Certificateholders 2.916296
(2) Class B Certificateholders 4.443333
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
April 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections processed
with respect to the preceding Monthly Period
and allocated to the Series 1996-2
Certificates was equal to 40,936,454.58
(2) The Payment Rate with respect to the preceding
monthly Period was equal to 13.68 %
The monthly payment rate for (the 2nd
preceding Monthly Period), the 34
Monthly Period, was equal to 12.04 %
The monthly payment rate for (the 3rd
preceding Monthly Period), the 33
Monthly Period, was equal to 12.34 %
(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 37,542,000.42
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
pursuant to sections 4.08 a.(iii),
4.10 (b),(e),(l) 1,057,324.31
(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 3,394,454.16
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) 4,261,056,597.69
(2) The Investor Interest as of the last
day of the preceding Monthly Period
(a) Investor Interest 180,547,893.79
(b) Class A Investor Interest 147,980,583.35
(c) Class B Investor Interest 16,318,000.00
(d) Collateral Interest 16,249,310.44
(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 4.2372 %
(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 3.4729 %
(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 0.3830 %
(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 0.3813 %
(7) The Class A Floating Percentage 82.9923 %
(8) The Class B Floating Percentage 8.0077 %
(9) The Class B Principal Percentage 5.4998 %
(10) The Collateral Floating Percentage 9.0000 %
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
April 15, 1999
(11) The Collateral Principal Percentage 9.0003 %
(12) The Floating Allocation Percentage 4.7251 %
(13) The Principal Allocation Percentage 6.8798 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 19.99 %
The annualized portfolio yield for
(the 2nd preceding Monthly Period), the 34
Monthly Period, was equal to 18.06 %
The annualized portfolio yield for
(the 3rd preceding Monthly Period), the 33
Monthly Period, was equal to 17.36 %
The three month average Portfolio
Yield was equal to 18.47 %
(2) Base Rate for the preceding Monthly
Period was equal to 7.26 %
The Base Rate for (the 2nd preceding
Monthly Period), the 34
Monthly Period, was equal to 7.26 %
The Base Rate for (the 3rd preceding
Monthly Period), the 33
Monthly Period was equal to 7.29 %
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:
Up to 29 Days
Aggregate Account Balance 202,958,220.09
As a Percentage of Receiveables 4.59 %
(2) 30 - 59 Days
Aggregate Account Balance 62,377,852.56
As a Percentage of Receiveables 1.41 %
(3) 60 - 89 Days
Aggregate Account Balance 40,142,027.89
As a Percentage of Receiveables 0.91 %
(4) 90 or More Days
Aggregate Account Balance 88,013,362.10
As a Percentage of Receiveables 1.99 %
Total
Aggregate Account Balance 393,491,462.64
As a Percentage of Receiveables 8.91 %
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
Period allocable to the Investor Interest
(the Series 1996-2 Aggregate Investor
Default Amount) 1,057,324.31
(2) The portion of the series 1996-2 Aggregate
Investor Default Amount allocable
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
April 15, 1999
to the Class A Investor Interest (the Class
A Investor Default Amount) 877,497.72
(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) 84,667.40
(4) The portion of the Series 1996-2 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the Collateral
Investor Default Amount) 95,159.19
(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 6.23 %
The annualized investor default % for (the 2nd
preceding Monthly Period), the 34
Monthly Period, was equal to 6.12 %
The annualized investor default % for (the 3rd
preceding Monthly Period), the 33
Monthly Period, was equal to 6.31 %
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 $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 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
$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 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 $1,000
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 1996-2 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
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
April 15, 1999
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 365,103.60
(2) The amount of the Class A Monthly Servicing
Fee payable by the Trust for the preceding
Monthly Period 303,007.86
(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 32,859.32
L) Collateral Interest
(1) The Available Collateral Interest, as of the
close of Transfer Date for the preceding
Monthly Period was equal to 16,249,310.44
M) Required Collateral Interest
(1) The Required Collateral interest as of the
Transfer Date for the preceding Monthly
Period was equal to 16,249,310.44
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. 0.60851327
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<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 04/15/99
For Monthly Period 34
Under Section 5.02 of the Pooling and Servicing Agreement dated
as of June 1, 1991 and the Series 1996-3 Supplement dated as of
June 1, 1996 (together, the Agreement) by and between The Chase
Manhattan Bank USA, N.A. (Chase) and Yasuda Bank and Trust
Company (U.S.A.), as trustee (the Trustee), Chase, as Servicer,
is required to prepare certain information each month regarding
current distributions to Series 1996-3 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the
Trust) and the Series 1996-3 Class A Certificates and Series
1996-3 Class B Certificates during the previous month. The
information which is required to be prepared with respect to
the Distribution Date and with respect to the 04/15/99
performance of the Trust during the month Mar, 1999
(the 34
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 04/15/99
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 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 Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
April 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections processed with
respect to the preceding Monthly Period and
allocated to the Series 1996-3 Certificates was
equal to 153,142,391.38
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 13.68 %
The monthly payment rate for (the 2nd preceding
Monthly Period), the 33
Monthly Period, was equal to 12.04 %
The monthly payment rate for (the 3rd preceding
Monthly Period), the 32
Monthly Period, was equal to 12.34 %
(3)a. The aggregate amount of Collections of Principal
Receivables processed with respect to the
preceding Monthly Period which were allocated 135,326,815.39
in respect of the Series 1996-3 Certificates
(3)b. The aggregate amount of Investor Defaults treated
as Available Principal Collections prusuant to
sections 4.08 a.(iii), 4.10 (b),(e),(l) 5,549,299.13
(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 17,815,575.98
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) 4,261,056,597.69
(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 25.0999 %
(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 22.4644 %
(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 1.0040 %
(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 1.6315 %
(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 %
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
April 15, 1999
(11) The Collateral Principal Percentage 6.5001 %
(12) The Floating Allocation Percentage 24.7993 %
(13) The Principal Allocation Percentage 24.7993 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding
Monthly Period was equal to 19.99 %
The annualized portfolio yield for (the 2nd
preceding Monthly Period), the 33
Monthly Period, was equal to 18.06 %
The annualized portfolio yield for (the 3rd
preceding Monthly Period), the 32
Monthly Period, was equal to 17.36 %
The three month average Portfolio Yield
was equal to 18.47 %
(2) Base Rate for the preceding Monthly Period
was equal to 9.09 %
The Base Rate for (the 2nd preceding Monthly 33
Period), the Monthly Period, was equal to 9.09 %
The Base Rate for (the 3rd preceding Monthly 32
Period), the Monthly Period was equal to 9.09 %
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:
Up to 29 Days Aggregate Account Balance 202,958,220.09
As a Percentage of Receiveables 4.59 %
(2) 30 - 59 Days
Aggregate Account Balance 62,377,852.56
As a Percentage of Receiveables 1.41 %
(3) 60 - 89 Days
Aggregate Account Balance 40,142,027.89
As a Percentage of Receiveables 0.91 %
(4) 90 or More Days
Aggregate Account Balance 88,013,362.10
As a Percentage of Receiveables 1.99 %
Total
Aggregate Account Balance 393,491,462.64
As a Percentage of Receiveables 8.91 %
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 Period allocable
to the Investor Interest (the Series 1996-3
Aggregate Investor Default Amount) 5,549,299.13
(2) The portion of the series 1996-3 Aggregate
Investor Default Amount allocable
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
April 15, 1999
to the Class A Investor Interest (the Class A
Investor Default Amount) 4,966,621.64
(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) 221,967.86
(4) The portion of the Series 1996-3 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the Collateral
Investor Default Amount) 360,709.63
(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 6.23 %
The annualized investor default % for (the 2nd
preceding Monthly Period), the 33 Monthly Period, 33
was equal to 6.12 %
The annualized investor default % for (the 3rd
preceding Monthly Period), the 32 Monthly Period, 32
was equal to 6.31 %
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 $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 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 $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 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 $1,000
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 1996-3 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
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
April 15, 1999
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 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. 1.00000000
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-4
For Distribution Date 04/15/99
For Monthly Period 34
Under Section 5.02 of the Pooling and Servicing Agreement
dated as of June 1, 1991 and the Series 1996-4 Supplement
dated as of June 1, 1996 (together, the Agreement) by and
between The Chase Manhattan Bank USA, N.A. (Chase) and Yasuda
Bank and Trust Company (U.S.A.), as trustee (the Trustee),
Chase, as Servicer, is required to prepare certain information
each month regarding current distributions to Series 1996-4
Certificateholders and the performance of the Chase Manhattan
Credit Card Master Trust (the Trust) and the Series 1996-4
Class A Certificates and Series 1996-4 Class B Certificates
during the previous month. The information which is required
to be prepared with respect to the 04/15/99
Distribution Date and with respect to the performance of
the Trust during the month Mar, 1999
(the 34
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 04/15/99 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 Certificateholders 5.608333
(2) Class B Certificateholders 5.741667
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
April 15, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections
processed with respect to the
preceding Monthly Period and allocated
to the Series 1996-4 Certificates was
equal to 140,015,739.97
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 13.68 %
The monthly payment rate for (the 2nd
preceding Monthly Period), the 33
Monthly Period, was equal to 12.04 %
The monthly payment rate for (the 3rd
preceding Monthly Period), the 32
Monthly Period, was equal to 12.34 %
(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 1996-4 Certificates 135,326,815.39
(3)b. The aggregate amount of Investor
Defaults treated as Available
Principal Collections prusuant
to sections 4.08 a.(iii),
4.10 (b),(e),(l) 1,460,533.47
(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 4,688,924.57
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) 4,261,056,597.69
(2) The Investor Interest as of the last
day of the preceding Monthly Period
(a) Investor Interest 1,032,085,593.58
(b) Class A Investor Interest 957,220,000.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 32,085,593.58
(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 24.2214 %
(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 22.4644 %
(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 1.0040 %
(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 0.7530 %
(7) The Class A Floating Percentage 73.4038 %
(8) The Class B Floating Percentage 15.1977 %
(9) The Class B Principal Percentage 3.9999 %
(10) The Collateral Floating Percentage 11.3985 %
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
April 15, 1999
(11) The Collateral Principal Percentage 6.5001 %
(12) The Floating Allocation Percentage 6.5270 %
(13) The Principal Allocation Percentage 24.7993 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 10.09 %
The annualized portfolio yield for
(the 2nd preceding Monthly Period), the 33
Monthly Period, was equal to 11.28 %
The annualized portfolio yield for (the
3rd preceding Monthly Period), the 32
Monthly Period, was equal to 12.10 %
The three month average Portfolio Yield
was equal to 11.16 %
(2) Base Rate for the preceding Monthly
Period was equal to 7.27 %
The Base Rate for (the 2nd preceding
Monthly Period), the 33
Monthly Period, was equal to 7.55 %
The Base Rate for (the 3rd preceding
Monthly Period), the 32
Monthly Period was equal to 7.82 %
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:
Up to 29 Days
Aggregate Account Balance 202,958,220.09
As a Percentage of Receiveables 4.59 %
(2) 30 - 59 Days
Aggregate Account Balance 62,377,852.56
As a Percentage of Receiveables 1.41 %
(3) 60 - 89 Days
Aggregate Account Balance 40,142,027.89
As a Percentage of Receiveables 0.91 %
(4) 90 or More Days
Aggregate Account Balance 88,013,362.10
As a Percentage of Receiveables 1.99 %
Total
Aggregate Account Balance 393,491,462.64
As a Percentage of Receiveables 8.91 %
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 Period allocable to the Investor
Interest (the Series 1996-4 Aggregate
Investor Default Amount) 1,460,533.47
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
April 15, 1999
(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) 1,072,086.64
(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) 221,967.86
(4) The portion of the Series 1996-4
Aggregate Investor Default Amount
allocable to the Collateral Investor
Interest (the Collateral Investor
Default Amount) 166,478.97
(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 1.70 %
The annualized investor default % for
(the 2nd preceding Monthly Period), the 33
Monthly Period, was equal to 2.45 %
The annualized investor default % for
(the 3rd preceding Monthly Period), the 32
Monthly Period, was equal to 3.34 %
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 reimbursed on
the Transfer Date immediately
preceding such Distribution Date 0.00
(3) 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
(4) The aggregate amount of Class B Investor
Charge-Offs for such Monthly Period 0.00
(5) The aggregate amount of Class B Investor
Charge-Offs reimbursed on the
Transfer Date immediately preceding
such Distribution Date 0.00
(6) The amount of the reimbursed Investor
Charge-Offs set forth in paragraph
G(3) above, per $1,000 original Class B
Certificate principal amount 0.00
(7) The aggregate amount of Investor
Charge-Offs 0.00
(8) The aggregate amount of reimbursed
Investor Charge-Offs 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance
Charge Collections during the preceding
Monthly Period which were allocated to the
Series 1996-4 Certificates 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal
Collections during the preceding Monthly Period
allocated to the Series 1996-4 Certificates 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
April 15, 1999
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 504,335.36
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust for
the preceding Monthly Period 370,201.17
(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 57,486.69
L) Collateral Interest
(1) The Available Collateral Interest, as
of the close of Transfer Date for the
preceding Monthly Period was equal to 32,085,593.58
M) Required Collateral Interest
(1) The Required Collateral interest as of
the Transfer Date for the preceding
Monthly Period was equal to 32,085,593.58
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. 0.96499907
[IMAGE] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<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 05/17/99
For Monthly Period 39
Under Section 5.02 of the Pooling and Servicing Agreement dated as
of June 1, 1991 and the Series 1996-1 Supplement dated as of
February 1, 1996 (together, the Agreement) by and between The Chase
Manhattan Bank USA, N.A. (Chase) and Yasuda Bank and Trust Company
(U.S.A.), as trustee (the Trustee), Chase, as Servicer, is required
to prepare certain information each month regarding current
distributions to Series 1996-1 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the
Trust) and the Series 1996-1 Class A Certificates and Series 1996-1
Class B Certificates during the previous month. The information
which is required to be prepared with respect to the 05/17/99
Distribution Date and with respect to the performance of the
Trust during the month Apr, 1999
(the 39
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 05/17/99 per $1,000
original certificate principal amount
(1) Class A Certificateholders 84.825556
(2) Class B Certificateholders 4.592222
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 83.333333
(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 Certificateholders 1.492222
(2) Class B Certificateholders 4.592222
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
May 17, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections
processed with respect to the preceding
Monthly Period and allocated to the Series
1996-1 Certificates was equal to 181,420,800.47
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 12.45 %
The monthly payment rate for (the 2nd
preceding Monthly Period), the 38
Monthly Period, was equal to 13.68 %
The monthly payment rate for (the 3rd
preceding Monthly Period), the 37
Monthly Period, was equal to 12.04 %
(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 173,186,579.68
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
prusuant to sections 4.08 a.(iii), 4.10
(b),(e),(l) 2,722,374.78
(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 8,234,220.79
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) 4,182,926,772.06
(2) The Investor Interest as of the last day
of the preceding Monthly Period
(a) Investor Interest 448,125,000.00
(b) Class A Investor Interest 320,626,000.00
(c) Class B Investor Interest 82,500,000.00
(d) Collateral Interest 45,000,000.00
(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 10.7132 %
(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 7.6651 %
(5) The Class B Investor Interest set forth in
paragraph C(2)(Copyright) above as a
percentage of the aggregate amount of
Principal Receivables set forth in
paragraph C(1) above 1.9723 %
(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 1.0758 %
(7) The Class A Floating Percentage 76.2794 %
(8) The Class B Floating Percentage 14.7206 %
(9) The Class B Principal Percentage 5.5000 %
(10) The Collateral Floating Percentage 9.0000 %
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
May 17, 1999
(11) The Collateral Principal Percentage 9.0000 %
(12) The Floating Allocation Percentage 13.1526%
(13) The Principal Allocation Percentage 35.2025 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 17.63 %
The annualized portfolio yield for (the
2nd preceding Monthly Period), the 38
Monthly Period, was equal to 19.99 %
The annualized portfolio yield for (the
3rd preceding Monthly Period), the 37
Monthly Period, was equal to 18.06 %
The three month average Portfolio Yield
was equal to 18.56 %
(2) Base Rate for the preceding Monthly Period
was equal to 7.23 %
The Base Rate for (the 2nd preceding
Monthly Period), the 38 Monthly Period,
was equal to 7.24 %
The Base Rate for (the 3rd preceding
Monthly Period), the 37
Monthly Period was equal to 7.23 %
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:
Up to 29 Days
Aggregate Account Balance 198,354,209.67
As a Percentage of Receiveables 4.57 %
(2) 30 - 59 Days
Aggregate Account Balance 56,508,114.34
As a Percentage of Receiveables 1.30 %
(3) 60 - 89 Days
Aggregate Account Balance 39,670,582.67
As a Percentage of Receiveables 0.91 %
(4) 90 or More Days
Aggregate Account Balance 83,785,419.66
As a Percentage of Receiveables 1.93 %
Total
Aggregate Account Balance 378,318,326.34
As a Percentage of Receiveables 8.71 %
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 Period
allocable to the Investor Interest (the
Series 1996-1 Aggregate Investor Default
Amount) 2,722,374.78
(2) The portion of the series 1996-1 Aggregate
Investor Default Amount allocable
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
May 17, 1999
to the Class A Investor Interest (the
Class A Investor Default Amount) 2,076,611.47
(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) 400,749.58
(4) The portion of the Series 1996-1 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the
Collateral Investor Default Amount) 245,013.73
(5) The annualized investor default percentage
(Series 1996-1 Aggregate Investor Default
Amount/Investor Interest) x 12 for the
preceding Monthly Period was equal to 5.83 %
The annualized investor default % for (the
2nd preceding Monthly Period), the 38
Monthly Period, was equal to 6.23 %
The annualized investor default % for (the
3rd preceding Monthly Period), the 37
Monthly Period, was equal to 6.12 %
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
$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 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
$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 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
$1,000 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
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-1
May 17, 1999
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 1,004,120.88
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust for the
preceding Monthly Period 765,937.50
(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 90,370.88
L) Collateral Interest
(1) The Available Collateral Interest, as of
the close of Transfer Date for the
preceding Monthly Period was equal to 45,000,000.00
M) Required Collateral Interest
(1) The Required Collateral interest as of the
Transfer Date for the preceding Monthly
Period was equal to 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). 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. 0.29875000
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<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 05/17/99
For Monthly Period 36
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 information which is required to be prepared with respect
to the 05/17/99
Distribution Date and with respect to the performance of the
Trust during the month Apr, 1999
(the 36
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 05/17/99
per $1,000 original certificate principal amount
(1) Class A Certificateholders 85.967407
(2) Class B Certificateholders 4.586667
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 83.333333
(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 Certificateholders 2.634074
(2) Class B Certificateholders 4.586667
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
May 17, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections
processed with respect to the preceding
Monthly Period and allocated to the
Series 1996-2 Certificates was equal to 36,909,373.96
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 12.45 %
The monthly payment rate for (the 2nd
preceding Monthly Period), the 35
Monthly Period, was equal to 13.68 %
The monthly payment rate for (the 3rd
preceding Monthly Period), the 34
Monthly Period, was equal to 12.04 %
(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 34,256,686.09
(3)b. The aggregate amount of Investor
Defaults treated as Available Principal
Collections prusuant to sections
4.08 a.(iii), 4.10 (b),(e),(l) 877,024.16
(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 2,652,687.86
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
1996-2, and by the Investor Interest
of all other outstanding Series) 4,182,926,772.05
(2) The Investor Interest as of the last
day of the preceding Monthly Period
(a) Investor Interest 157,317,032.99
(b) Class A Investor Interest 126,840,500.02
(c) Class B Investor Interest 16,318,000.00
(d) Collateral Interest 14,158,532.97
(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 3.7609 %
(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 3.0323 %
(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 0.3901 %
(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 0.3385 %
(7) The Class A Floating Percentage 81.9620 %
(8) The Class B Floating Percentage 9.0380 %
(9) The Class B Principal Percentage 5.4998 %
(10) The Collateral Floating Percentage 9.0000 %
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
May 17, 1999
(11) The Collateral Principal Percentage 9.0003 %
(12) The Floating Allocation Percentage 4.2372 %
(13) The Principal Allocation Percentage 6.9631 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 17.63 %
The annualized portfolio yield for
(the 2nd preceding Monthly Period), the 35
Monthly Period, was equal to 19.99 %
The annualized portfolio yield for (the
3rd preceding Monthly Period), the 34
Monthly Period, was equal to 18.06 %
The three month average Portfolio Yield
was equal to 18.56 %
(2) Base Rate for the preceding Monthly
Period was equal to 7.26 %
The Base Rate for (the 2nd preceding
Monthly Period), the Monthly Period,
was equal to 7.26 %
The Base Rate for (the 3rd preceding
Monthly Period), the Monthly Period was
equal to 7.26 %
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:
Up to 29 Days
Aggregate Account Balance 198,354,209.67
As a Percentage of Receiveables 4.57 %
(2) 30 - 59 Days
Aggregate Account Balance 56,508,114.34
As a Percentage of Receiveables 1.30 %
(3) 60 - 89 Days
Aggregate Account Balance 39,670,582.67
As a Percentage of Receiveables 0.91 %
(4) 90 or More Days
Aggregate Account Balance 83,785,419.66
As a Percentage of Receiveables 1.93 %
Total
Aggregate Account Balance 378,318,326.34
As a Percentage of Receiveables 8.71 %
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 Period
allocable to the Investor Interest (the
Series 1996-2 Aggregate Investor
Default Amount) 877,024.16
(2) The portion of the series 1996-2 Aggregate
Investor Default Amount allocable
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
May 17, 1999
to the Class A Investor Interest (the
Class A Investor Default Amount) 718,826.14
(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) 79,265.84
(4) The portion of the Series 1996-2 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the
Collateral Investor Default Amount) 78,932.17
(5) The annualized investor default percentage
(Series 1996-2 Aggregate Investor Default
Amount/Investor Interest) x 12 for the
preceding Monthly Period was equal to 5.83 %
The annualized investor default % for
(the 2nd preceding Monthly Period), the 35
Monthly Period, was equal to 6.23 %
The annualized investor default % for
(the 3rd preceding Monthly Period), the 34
Monthly Period, was equal to 6.12 %
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
$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 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
$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 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
$1,000 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 1996-2
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
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-2
May 17, 1999
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 323,481.64
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust
for the preceding Monthly Period 265,131.88
(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 29,113.35
L) Collateral Interest
(1) The Available Collateral Interest, as
of the close of Transfer Date for the
preceding Monthly period was equal to 14,158,532.97
M) Required Collateral Interest
(1) The Required Collateral interest as
of the Transfer Date for the preceding
Monthly Period was equal to 14,158,532.97
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. 0.53021667
<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 05/17/99
For Monthly Period 35
Under Section 5.02 of the Pooling and Servicing Agreement dated
as of June 1, 1991 and the Series 1996-3 Supplement dated as of
June 1, 1996 (together, the Agreement) by and between The Chase
Manhattan Bank USA, N.A. (Chase) and Yasuda Bank and Trust
Company (U.S.A.), as trustee (the Trustee), Chase, as Servicer,
is required to prepare certain information each month regarding
current distributions to Series 1996-3 Certificateholders and the
performance of the Chase Manhattan Credit Card Master Trust (the
Trust) and the Series 1996-3 Class A Certificates and Series
1996-3 Class B Certificates during the previous month. The
information which is required to be prepared with respect to the 05/17/99
Distribution Date and with respect to the performance of the
Trust during the month Apr, 1999
(the 35
Monthly Period) is set forth below. 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 05/17/99 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
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 Certificateholders 5.866667
(2) Class B Certificateholders 6.008333
[IMAGE] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
May 17, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections
processed with respect to the preceding
Monthly Period and allocated to the
Series 1996-3 Certificates was equal
to 139,198,163.76
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 12.45%
The monthly payment rate for (the 2nd
preceding Monthly Period), the 34
Monthly Period, was equal to 13.68%
The monthly payment rate for (the 3rd
preceding Monthly Period), the 33
Monthly Period, was equal to 12.04%
(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 123,484,315.77
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
prusuant to sections 4.08 a.(iii),
4.10 (b),(e),(l) 5,195,267.97
(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 15,713,847.99
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) 4,182,926,772.05
(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 25.5687%
(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 22.8840%
(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 1.0227%
(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 1.6620%
(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%
[IMAGE] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
May 17, 1999
(11) The Collateral Principal Percentage 6.5001%
(12) The Floating Allocation Percentage 25.0999%
(13) The Principal Allocation Percentage 25.0999%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period
was equal to 17.63%
The annualized portfolio yield for
(the 2nd preceding Monthly Period), the 34
Monthly Period, was equal to 19.99%
The annualized portfolio yield for
(the 3rd preceding Monthly Period), the 33
Monthly Period, was equal to 18.06%
The three month average Portfolio
Yield was equal to 18.56%
(2) Base Rate for the preceding Monthly
Period was equal to 9.09%
The Base Rate for (the 2nd preceding
Monthly Period), the 34
Monthly Period, was equal to 9.09%
The Base Rate for (the 3rd preceding
Monthly Period), the 33
Monthly Period was equal to 9.09%
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:
Up to 29 Days
Aggregate Account Balance 198,354,209.67
As a Percentage of Receiveables 4.57%
(2) 30 - 59 Days
Aggregate Account Balance 56,508,114.34
As a Percentage of Receiveables 1.30%
(3) 60 - 89 Days
Aggregate Account Balance 39,670,582.67
As a Percentage of Receiveables 0.91%
(4) 90 or More Days
Aggregate Account Balance 83,785,419.66
As a Percentage of Receiveables 1.93%
Total Aggregate Account Balance 378,318,326.34
As a Percentage of Receiveables 8.71%
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 Period
allocable to the Investor Interest
(the Series 1996-3 Aggregate Investor
Default Amount) 5,195,267.97
(2) The portion of the series 1996-3 Aggregate
Investor Default Amount allocable
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
May 17, 1999
to the Class A Investor Interest (the Class A
Investor Default Amount) 4,649,763.82
(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) 207,806.87
(4) The portion of the Series 1996-3 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the Collateral
Investor Default Amount) 337,697.28
(5) The annualized investor default percentage
(Series 1996-3 Aggregate Investor Default
Amount/Investor Interest) x 12 for the
preceding Monthly Period was equal to 5.83%
The annualized investor default % for
(the 2nd preceding Monthly Period), the 34
Monthly Period, was equal to 6.23%
The annualized investor default % for
(the 3rd preceding Monthly Period), the 33
Monthly Period, was equal to 6.12%
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
$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 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
$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 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 $1,000
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 1996-3 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
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-3
May 17, 1999
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 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
predecing 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.
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master
Trust Series 1996-4
For Distribution Date 05/17/99
For Monthly Period 35
Under Section 5.02 of the Pooling and Servicing Agreement
dated as of June 1, 1991 and the Series 1996-4 Supplement
dated as of June 1, 1996 (together, the Agreement) by and
between The Chase Manhattan Bank USA, N.A. (Chase) and
Yasuda Bank and Trust Company (U.S.A.), as trustee (the
Trustee), Chase, as Servicer, is required to prepare
certain information each month regarding current
distributions to Series 1996-4 Certificateholders and
the performance of the Chase Manhattan Credit Card
Master Trust (the Trust) and the Series 1996-4 Class A
Certificates and Series 1996-4 Class B Certificates during the 05/17/99
previous month. The information which is required to be
prepared with respect to the Distribution Date Apr, 1999
and with respect to the performance of the Trust during
the month (the Monthly Period) is set forth below. 35
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 05/17/99
per $1,000 original certificate principal amount
(1) Class A Certificateholders 1,005.608333
(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 1,000.000000
(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 Certificateholders 5.608333
(2) Class B Certificateholders 5.741667
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
May 17, 1999
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amt. of Collections processed
with respect to the preceding Monthly Period
and allocated to the Series 1996-4
Certificates was equal to 125,688,903.86
(2) The Payment Rate with respect to the
preceding Monthly Period was equal to 12.45%
The monthly payment rate for (the 2nd
preceding Monthly 34
Period), the Monthly Period, was equal to 13.68%
The monthly payment rate for (the 3rd
preceding Monthly 33
Period), the Monthly Period, was equal to 12.04%
(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 1996-4 Certificates 123,484,315.77
(3)b. The aggregate amount of Investor Defaults
treated as Available Principal Collections
pursuant to sections 4.08 a.(iii), 4.10 728,874.68
(b),(e),(l)
(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 2,204,588.09
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 1996-4,
and by the Investor Interest of all other
outstanding Series) 4,182,926,772.05
(2) The Investor Interest as of the last
day of the preceding Monthly Period
(a) Investor Interest 74,865,593.58
(b) Class A Investor Interest 0.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 32,085,593.58
(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 1.7898%
(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 0.0000%
(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 1.0227%
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
May 17, 1999
(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 0.7671%
(7) The Class A Floating Percentage 50.1060%
(8) The Class B Floating Percentage 28.5106%
(9) The Class B Principal Percentage 3.9999%
(10) The Collateral Floating Percentage 21.3834%
(11) The Collateral Principal Percentage 6.5001%
(12) The Floating Allocation Percentage 3.5214%
(13) The Principal Allocation Percentage 25.0999%
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the
preceding Monthly Period was equal to 8.34%
The annualized portfolio yield for (the
2nd preceding Monthly 34
Period), the Monthly Period, was equal to 10.09%
The annualized portfolio yield for (the
3rd preceding Monthly 33
Period), the Monthly Period, was equal to 11.28%
The three month average Portfolio Yield
was equal to 9.90%
(2) Base Rate for the preceding Monthly Period
was equal to 7.00%
The Base Rate for (the 2nd preceding Monthly
Period), the 34
Monthly Period, was equal to 7.27%
The Base Rate for (the 3rd preceding Monthly
Period), the 33
Monthly Period was equal to 7.55%
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:
Up to 29 Days
Aggregate Account Balance 198,354,209.67
As a Percentage of Receiveables 4.57%
(2) 30 - 59 Days
Aggregate Account Balance 56,508,114.34
As a Percentage of Receiveables 1.30%
(3) 60 - 89 Days
Aggregate Account Balance 39,670,582.67
As a Percentage of Receiveables 0.91%
(4) 90 or More Days
Aggregate Account Balance 83,785,419.66
As a Percentage of Receiveables 1.93%
Total
Aggregate Account Balance 378,318,326.34
As a Percentage of Receiveables 8.71%
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
May 17, 1999
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 Period
allocable to the Investor Interest (the
Series 1996-4 Aggregate Investor Default
Amount) 728,874.68
(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) 365,209.76
(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) 207,806.87
(4) The portion of the Series 1996-4 Aggregate
Investor Default Amount allocable to the
Collateral Investor Interest (the Collateral
Investor Default Amount) 155,858.04
(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 0.85%
The annualized investor default % for (the
2nd preceding Monthly 34
Period), the Monthly Period, was equal to 1.70%
The annualized investor default % for (the
3rd preceding Monthly 33
Period), the Monthly Period, was equal to 2.45%
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 reimbursed
on the Transfer Date immediately
preceding such Distribution Date 0.00
(3) The amount of the reimbursed Investor
Charge-Offs set forth in G(2) paragraph
above, per $1,000 original Class A
Certificate principal amt 0.00
(4) The aggregate amount of Class B Investor
Charge-Offs for such Monthly Period 0.00
(5) The aggregate amount of Class B Investor
Charge-Offs reimbursed on the Transfer
Date immediately preceding such
Distribution Date 0.00
(6) The amount of the reimbursed Investor
Charge-Offs set forth in G(3)paragraph
G(3) above, per $1,000 original Class B
Certificate principal amt 0.00
(7) The aggregate amount of Investor Charge-Offs 0.00
(8) The aggregate amount of reimbursed Investor
Charge-Offs 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance
Charge Collections during the preceding Monthly
Period which were allocated to the Series 1996-4
Certificates 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections
during the preceding Monthly Period allocated to the
Series 1996-4 Certificates 0.00
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Manhattan Credit Card Master Trust Series 1996-4
May 17, 1999
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 268,838.18
(2) The amount of the Class A Monthly
Servicing Fee payable by the Trust
for the preceding Monthly Period 134,703.99
(3) The amount of the Class B Monthly
Servicing Fee payable by the 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 57,486.69
L) Collateral Interest
(1) The Available Collateral Interest, as
of the close of Transfer Date for the
preceding Monthly Period was equal to 32,085,593.58
M) Required Collateral Interest
(1) The Required Collateral interest as
of the Transfer Date for the
preceding Monthly Period was equal
to 32,085,593.58
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. 0.06999926
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
