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EXHIBIT (C)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1994-A Monthly Statement
Distribution Date: July 17, 2000 Month Ending: June 30, 2000
Pursuant to the Series Supplement dated as of December 20, 1994 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed
above, as well as for the calendar month ended on the date listed above.
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<CAPTION>
1. Payments for the benefit of investors in Series 1994-A on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1994-A Total Interest Principal
<S> <C> <C> <C> <C>
Class A 30 days at 13.622250740% (1) $396.608578673 $4.451715928 $392.156862745
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of June, 2000
----------------------------------------------
<S> <C>
a) Aggregate Investor Interest $24,076,043,403.89
Seller Interest $9,419,696,734.30
Total Master Trust $33,495,740,138.19
(b) Group One Investor Interest $24,076,043,403.89
(c) Series 1994-A Investor Interest $0.00
(d) Class A Investor Interest $0.00
Class B Investor Interest $0.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During June, 2000
-----------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
(a) Allocation of Collections between Investors and Seller
<S> <C> <C> <C>
Aggregate Investor Allocation $393,864,017.81 $3,783,581,353.86 $0.00
Seller Allocation $40,240,632.89 $386,564,147.72 $0.00
(b) Group One Allocation $393,864,017.81 $3,783,581,353.86 $0.00
(c) Series 1994-A Allocations $15,698,092.38 $150,800,801.63 $0.00
(d) Class A Allocations $15,698,092.38 $150,800,801.63 $0.00
Class B Allocations $0.00 $0.00 $0.00
</TABLE>
(1) Reflects additional costs related to the termination of the Series and the
related asset-backed commercial paper program on July 17, 2000.
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<TABLE>
<S> <C>
(e) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of June, 2000 14.86%
(f) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of June, 2000 1.55%
(g) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of June, 2000 16.40%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1994-A $1,000,000,000.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1994-A $1,000,000,000.00 $0.00 $2,550,000,000.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1994-A $11,351,875.62 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for June, 2000
---------------------------
<S> <C>
Class A 0.39215686
Class B 0.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
June, 2000 Charged-Off Amount
<S> <C> <C>
(a) Group One $117,507,905.12 $0.00
(b) Series 1994-A $4,683,469.09 $0.00
(c) Class A $4,683,469.09 $0.00
Class B $0.00 $0.00
(d) As an annualized percentage of
Principal Receivables at the
beginning of June, 2000 5.62% N/A
</TABLE>
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<TABLE>
<CAPTION>
9. Investor Losses for June, 2000
------------------------------
Per $1,000 of Initial
Total Series Investor Interest
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Series 1994-A $0.00 $0.00
(c) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses for June, 2000
-----------------------------------------------
Per $1,000 of Initial
Total Series Investor Interest
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Series 1994-A $0.00 $0.00
(c) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses for June, 2000
---------------------------------------------------------------
Per $1,000 of Initial
Total Series Investor Interest
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Series 1994-A $0.00 $0.00
(c) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $41,816,809.93
(b) Series 1994-A $1,666,666.67
(c) Class A $1,666,666.67
Class B $0.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1994-A Class B $0.00 0.0000%
</TABLE>
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<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount on this Distribution Date $0.00 $0.00
(b) Available Amount on this Distribution Date $0.00 $0.00
(c) Amount of unreimbursed drawings on Credit
Enhancement on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $47,138.71
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of June, 2000 $34,007,581,292.34
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $721,294,745.03 2.12%
60-179 days $1,230,987,889.74 3.62%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (2)
-------------------------------------------------------
<S> <C>
(a) Group One (3) 3.98%
(b) Series 1994-A (4) -2.46% (5)
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (6)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of June, 2000 4.92%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
-------------------------------------
Vice President
------------------------
(2) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(3) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage
is equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(4) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of
(i) the monthly interest for each Class of this Series (see Item 1), (ii)
the monthly servicing fee for each Class of this Series (see Item 12(d)),
(iii) the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(5) Excess Spread Percentage for Series 1994-A is impacted in this period by
monthly interest which reflects additional costs related to the termination
of the Series and the related asset-backed commercial paper program on July
17, 2000.
(6) For purposes of allocations to investors, recoveries are treated as
Finance Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1994-A Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993, as amended (the"Pooling & Servicing
Agreement") and the Series Supplement, dated as of December 20, 1994 (the
"Series Supplement") by and between Greenwood and U.S. Bank National
Association, as Trustee, does hereby certify as follows with respect to the
Series Supplement for the Discover Card Master Trust I, Series 1994-A Master
Trust Certificates for the Distribution Date occurring on July 17, 2000:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during June, 2000
is equal to $4,604,250,152.28
4. The aggregate amount of Class A Principal Collections processed during
June, 2000 is equal to $150,800,801.63
5. The aggregate amount of Class A Finance Charge Collections processed
during June, 2000 is equal to $15,698,092.38
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during June, 2000 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
Date is equal to $0.00
7. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $1,011,351,875.62
8. The amount of unreimbursed drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
</TABLE>
<PAGE> 6
9. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 17th day of July, 2000.
Series 1994-A
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Assistant Vice President and Assistant
Treasurer
