<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
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 (Date of earliest event reported): July 15, 1998
DISCOVER CARD TRUST 1992 B
(Exact name of Registrant as specified in its charter)
Delaware 0-21186 Not Applicable
(State of (Commission (IRS Employer
organization) File Number) Identification No.)
c/o Discover Receivables Financing Group, Inc.
12 Read's Way
New Castle, Delaware 19720
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 323-7826
Not Applicable
(Former address, if changed since last report)
Page 1 of 13
Index to Exhibits is on page 4
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Item 5. Other Events
On or about July 15, 1998, Registrant made available the Monthly Investor
Certificateholders' Statement set forth as Exhibit 20. July 15, 1998 is also the
date on which holders of Class B Certificates received final payment of
principal and interest (the final payment of principal and interest with respect
to the Class A Certificates was made available to the holders of Class A
Certificates on June 15, 1998). Accordingly, the Trust terminated after such
final payment and no further Monthly Investor Certificateholders' Statements
will be forwarded to Investor Certificateholders.
Item 7(c). Exhibits
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
20 Monthly Investor Certificateholders' Statement
related to the distribution of July 15, 1998 and
reflecting the performance of the Trust during the
Due Period ended in June 1998, that accompanied the
final distribution of principal and interest on July
15, 1998.
</TABLE>
2
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
DISCOVER CARD TRUST 1992 B
(Registrant)
By: DISCOVER RECEIVABLES FINANCING
GROUP, INC.
as originator of the Trust
By: Richard W. York
------------------------------------
Richard W. York
Vice President
Date: July 16, 1998
3
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
20 Monthly Investor Certificateholders' Statement - (July 15, 1998).
</TABLE>
4
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EXHIBIT 20
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Trust 1992 B
-------------------------------------
CREDIT CARD
PASS-THROUGH CERTIFICATES
-------------------------------------
Under the Pooling and Servicing Agreement dated as of Dec. 1, 1992 (the
"Agreement") by and among Greenwood Trust Company (the "Servicer") , Discover
Receivables Financing Group and Wilmington Trust Company, as Trustee ,the
Servicer is required to prepare certain information each month regarding current
distributions to Investor Certificateholders and the performance of the Trust
during the previous month. The information which is required to be prepared with
respect to the distribution of July 15, 1998 , and with respect to the
performance of the Trust during the Due Period ended in June 30, 1998 ,is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Class A Certificate. Certain other information is
presented based on the aggregate amounts for the Trust as a whole.
Information Regarding the Current Monthly Distribution (stated on the basis
of $1,000 original principal amount).
- -------------------------------------
1. The total amount of the distribution to Class A Certificateholders
on July 15, 1998 , per $1,000 interest................$ 0.000000000
2. The total amount of the distribution to Class B Certificateholders
on July 15, 1998 , per $1,000 interest ...............$1,006.250000000
3. The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class A Certificates , per $1,000 interest
......................................................$ 0.000000000
4. The amount of the distribution set forth in paragraph 2 above in
respect of interest on the Class B Certificates , per $1,000 interest
......................................................$ 6.250000000
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5. The amount of the distribution set forth in paragraph 1 above in
respect of principal on the Class A Certificates , per $1,000 interest
......................................................$ 0.000000000
6. The amount of the distribution set forth in paragraph 2 above in
respect of principal on the Class B Certificates , per $1,000 interest
......................................................$1,000.000000000
Information Regarding the Performance of the Trust.
- ---------------------------------------------------
1. Collections of Receivables.
- ------------------------------
(a) The aggregate amount of Finance Charge Collections processed during
the related Due Period ...............................$ 10,986,389.77
(b) The aggregate amount of Principal Collections processed during the
related Due Period ...................................$ 133,989,018.19
(c) The aggregate amount of Finance Charge Collections processed during
the related Due Period which was allocated in respect of the Investor
Certificates .........................................$ 767,948.64
(d) The aggregate amount of Principal Collections processed during the
related Due Period which was allocated in respect of the Investor
Certificates .........................................$ 102,689,183.54
(e) The aggregate amount of Finance Charge Collections processed during
the related Due Period which was allocated in respect of the Class A
Certificates .........................................$ 0.00
(f) The aggregate amount of Principal Collections processed during the
related Due Period which was allocated in respect of the Class A
Certificates .........................................$ 93,350,148.97
(g) The aggregate amount of Finance Charge Collections processed during
the related Due Period which was allocated in respect of the Class B
Certificates .........................................$ 767,948.64
(h) The aggregate amount of Principal Collections processed during the
related Due Period which was allocated in respect of the Class B
Certificates .........................................$ 9,339,034.57
(i) The aggregate amount of Finance Charge Collections processed during
the related Due Period which was allocated in respect of the Seller
Certificate ..........................................$ 10,218,441.13
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(j) The aggregate amount of Principal Collections processed during the
related Due Period which was allocated in respect of the Seller
Certificate ..........................................$ 31,299,834.65
2. Principal Receivables in the Trust.
- --------------------------------------
(a) The aggregate amount of Principal Receivables in the Trust as of the
end of the Due Period ended in June 30, 1998 (which reflects the
Principal Receivables represented by the Seller Certificate and the
Investor Certificates) ...............................$ 788,561,449.57
(b) The amount of Principal Receivables in the Trust represented by the
Class A Certificates (the "Class A Interest") as of the Due Period
Ended in June 30, 1998 ...............................$ 0.00
(c) The amount of Principal Receivables in the Trust represented by the
Class B Certificates (the "Class B Interest") as of the Due Period
Ended in June 30, 1998 ...............................$ 0.00
(d) The Class A Interest and the Class B Interest set forth in paragraph 2
(b) and 2 (c) above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph 2 (a) above
...................................................... 0.00%
(e) The Class A Interest set forth in paragraph 2 (b) above as a
percentage of the aggregate amount of Principal Receivables set forth
in paragraph 2 (a) above ............................. 0.00%
(f) The Class B Interest set forth in paragraph 2 (c) above as a
percentage of the aggregate amount of Principal Receivables set forth
in paragraph 2 (a) above ............................. 0.00%
(g) The Deficit Controlled Amortization Amount (after giving effect to
payments made on such Distribution Date)..............$ 0.00
3. Investor Charged-Off Amount.
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(a) The aggregate amount of Receivables charged-off as uncollectible
during the Due Period ended in June 30, 1998 allocable to the Investor
Certificates (the "Investor Charged-Off Amount") .....$ 311,405.28
(b) The aggregate amount of Receivables charged-off as Uncollectible
during the Due Period ended in June 30, 1998 allocable to the Class A
Certificates (the "Class A Charged-Off Amount") ......$ 0.00
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(c) The sum of (i) the aggregate amount of Receivables charged-off as
uncollectible during the Due Period ended in June 30, 1998 allocable
to the Class B Certficates and (ii) the sum of (a) the positive
difference, if any, between the Class B Subordinated Payment and Class
B Finance Charge Collections (less Class B Excess Servicing) and (b)
the amount by which the Investor Interest for the Class B Certificates
is reduced pursuant to subsection 4.03(c) (i)(C)(the "Class B
Charged-Off Amount")..................................$ 311,405.28
(d) The Cumulative Class A Charged-Off Amount on .......... ............
July 15, 1998 ........................................$ 0.00
(e) The Cumulative Class B Charged-Off Amount on .......... ............
July 15, 1998 ........................................$ 0.00
4. Investor losses; Reimbursement of Charge-Offs.
- -------------------------------------------------
(a) The amount of Class A Investor Loss , as defined in Section 4.06 (b)
of the Agreement , during the Due Period ended in June 30, 1998
......................................................$ 0.00
(b) The amount of Class B Investor Loss , as defined in Section 4.06 (b)
of the Agreement , during the Due Period ended in June 30, 1998
......................................................$ 0.00
(c) The amount of Class A Investor Loss set forth in Paragraph 4 (a)
above, per $1,000 interest ( which will have the effect of reducing,
pro rata, the amount of each Class A Certficateholder's investment)
......................................................$ 0.000000000
(d) The amount of Class B Investor Loss set forth in Paragraph 4 (b)
above, per $1,000 interest ( which will have the effect of reducing,
pro rata, the amount of each Class B Certficateholder's investment)
......................................................$ 0.000000000
(e) The total amount reimbursed to the Trust in the current month pursuant
to Section 4.06 (c) of the Agreement, if any, in respect of Class A
Investor Losses in prior months.......................$ 0.00
(f) The total amount reimbursed to the Trust in the current month pursuant
to Section 4.06 (c) of the Agreement, if any, in respect of Class B
Investor Losses in prior months.......................$ 0.00
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(g) The amount set forth in paragraph 4 (e) above, per $1,000 interest
(which will have the effect of increasing, pro rata, the amount of
each Class A Certificateholder's investment)..........$ 0.000000000
(h) The amount set forth in paragraph 4 (f) above, per $1,000 interest
(which will have the effect of increasing, pro rata, the amount of
each Class B Certificateholder's investment)..........$ 0.000000000
(i) The aggregate amount of Class A Investor Losses in the Trust as of the
end of the day on July 15, 1998.......................$ 0.00
(j) The aggregate amount of Class B Investor Losses in the Trust as of the
end of the day on July 15, 1998.......................$ 0.00
(k) The amount set forth in paragraph 4 (i) above , per $1,000 interest
(which will have had the effect of reducing , pro rata , the amount of
Class A Certificateholder's investment ) .............$ 0.000000000
(l) The amount set forth in paragraph 4 (j) above , per $1,000 interest
(which will have had the effect of reducing , pro rata , the amount of
Class B Certificateholder's investment ) .............$ 0.000000000
5. Investor Servicing Fee.
- --------------------------
(a) The amount of the Class A Monthly Servicing Fee payable by the Trust
to the Servicer for the month of June 30, 1998........$ 0.00
(b) The amount of the Class B Monthly Servicing Fee payable by the Trust
to the Servicer for the month of June 30, 1998........$ 91,669.69
6. Available Subordinated Amount.
- ---------------------------------
(a) The amount available to be applied pursuant to Sections 4.03 (c) (i)
(B) and (C) of the Agreement as of the end of the day on July 15, 1998
......................................................$ 0.00
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(b) The amount set forth in paragraph 6(a) above as a percentage of the
Class A Interest. .................................... 0.00%
7. Available Class B Credit Enhancement Amount.
- -----------------------------------------------
(a) The amount available to be drawn under the Class B Credit Enhancement
pursuant to Sections 4.03 (c) (i) (G) and (H) of the Agreement as of
the end of the day on July 15, 1998...................$ 30,250,000.00
(b) The amount set forth in paragraph 8(a) above as a percentage of the
Class B Interest. .................................... 0.00%
8. The Pool Factor.
- -------------------
The Pool Factor represents the ratio of the amount of the Class A Interest
as of the end of the day on July 15, 1998 to the amount of the Class A
Interest as of the Closing Date. The amount of a Class A
Certificateholder's pro rata share of the Class A Interest can be
determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor ........ 0.00000000
The Pool Factor represents the ratio of the amount of the Class B Interest
as of the end of the day on July 15, 1998 to the amount of the Class B
Interest as of the Closing Date. The amount of a Class B
Certificateholder's pro rata share of the Class B Interest can be
determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor ........ 0.00000000
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9. The aggregate outstanding balance of receivables that were delinquent by 30
to 59 days as of the close of business on the last day of the Due Period
related to such Distribution Date..........................$ 16,227,461.29
10. The aggregate outstanding balance of receivables that were delinquent by 60
days or more as of the close of business on the last day of the Due Period
related to such Distribution Date .........................$ 26,234,361.33
Greenwood Trust Company as Servicer
By: __________________________________
Title: Vice President, Director of
Accounting and Treasurer
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MONTHLY SERVICER CERTIFICATE
DISCOVER CARD TRUST 1992 B
--------------------------
CREDIT CARD
PASS-THROUGH CERTIFICATES
--------------------------
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Servicer pursuant to the Pooling and Servicing
Agreement dated as of Dec. 1, 1992 (the "Pooling and Servicing Agreement") by
and among Greenwood, Discover Receivables Financing Group and Wilmington Trust
Company, does hereby certify as follows:
1. Greenwood is Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer.
3. The aggregate amount of Collections processed during the related Due
Period was equal to ..................................$ 144,975,407.96
4. The aggregate amount of Class A Principal Collections processed by the
Servicer during the related Due Period is equal to ...$ 93,350,148.97
5. The aggregate amount of the Class A Finance Charge Collections
processed by the Servicer during the related Due Period is
equal to .............................................$ 0.00
6. The sum of all amounts payable to the Class A Certificateholders on
the current Distribution Date is equal to ............$ 0.00
7. The aggregate amount of Class B Principal Collections processed by the
Servicer during the related Due Period is equal to ...$ 9,339,034.57
8. The aggregate amount of the Class B Finance Charge Collections
processed by the Servicer during the related Due Period is
equal to .............................................$ 767,948.64
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9. The amount of drawings under the Class B Credit Enhancement required
to be made on the succeeding Drawing Date pursuant to
(a) Section 4.03(c)(i)(G) is equal to................$ 0.00
(b) Section 4.03(c)(i)(H) is equal to................$ 0.00
(c) Section 4.05 is equal to.........................$ 0.00
10. The sum of all amounts payable to the Class B Certificateholders on
the current Distribution Date is equal to ............$ 55,343,750.00
11. Attached hereto is a true copy of the statement required to be
delivered by the Servicer on the date of this Certificate to the
Trustee pursuant to section 5.02.
IN WHITNESS WHEREOF , the undersigned has duly executed and and delivered
this certificate this day of July 15, 1998
GREENWOOD TRUST COMPANY, as Servicer
By: __________________________________
Title: Vice President, Director of
Accounting and Treasurer
