SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Current Report
Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Amendment No. 1
Date of Report (Date of Earliest Event Reported) July 21, 1999
PEOPLE'S BANK
on behalf of
PEOPLE'S BANK CREDIT CARD MASTER TRUST
(Exact Name of Registrant as Specified in its Charter)
Connecticut
(State or Other Jurisdiction of Incorporation)
33-90012, 33-99506, 33-99508
333-33269, 333-45785, 333-63989 06-1213065
(Commission File Number) (I.R.S. Employer Identification No.)
850 Main Street, Bridgeport, Connecticut 06604
(Address of Principal Executive Offices) (Zip Code)
(203)338-7171
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
The Registrant hereby incorporates by reference the information
contained in Exhibit 99.2 hereto in response to this Item 5.
Item 7. Financial Statement and Exhibits.
(c) Exhibits.
99.2 Revised Tables Summarizing Trust Portfolio
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
PEOPLE'S BANK
Dated: July 23, 1999 By: /s/ Vincent J. Calabrese
Vincent J. Calabrese
First Vice President & Controller
This Amendment No. 1 to the People's Bank Current Report on Form 8-K
(Date of Report: July 21, 1999) (the "Report") is being filed solely for
the purpose of amending Exhibit 99.2 to the Report. Specifically, this
Amendment No. 1 amends the date appearing at the beginning of Exhibit 99.2
to read, in its entirety, as follows:
The following tables present data as of April 30, 1999
<TABLE>
Composition by Account Balance
Representative Portfolio
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Account Balance Range Accounts Accounts Balance Balance
<S> <C> <C> <C> <C>
Credit Balance 54,773 2.57% $(6,925,385.38) -0.24%
Zero Balance 943,472 44.26% - 0.00%
$.01-$1,000.00 408,421 19.16% 140,936,976.78 4.82%
$1,000.01-$3,000.00 305,628 14.34% 589,144,538.84 20.13%
$3,000.01-$5,000.00 223,020 10.46% 884,424,695.22 30.22%
$5,000.01-$10,000.00 190,865 8.95% 1,257,463,216.80 42.96%
Over $10,000.00 5,332 0.25% 61,691,844.29 2.11%
Total 2,131,511 100.00% $2,926,735,886.55 100.00%
</TABLE>
Composition by Credit Limit
Representative Portfolio
<TABLE>
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Credit Limit Range Accounts Accounts Balance Balance
<S> <C> <C> <C> <C>
$0.01-$1,000.00 94,200 4.42% $ 7,683,962.14 0.26%
$1,000.01-$2,000.00 54,116 2.54% 30,583,737.53 1.04%
$2,000.01-$3,000.00 65,291 3.06% 63,750,758.51 2.18%
$3,000.01-$4,000.00 102,207 4.80% 113,177,333.25 3.87%
$4,000.01-$5,000.00 222,870 10.46% 295,736,638.97 10.10%
$5,000.01-$10,000.00 1,537,915 72.15% 2,246,381,960.89 76.75%
Over $10,000.00 54,912 2.58% 169,421,498.26 5.79%
Total 2,131,511 100.00% $2,926,735,889.55 100.00%
</TABLE>
Composition by Period of Delinquency
Representative Portfolio
<TABLE>
<CAPTION>
Percentage Percentage
Period of Delinquency of Total of Total
(Days Contractually Number of Number of Receivables Receivables
Delinquent) Accounts Accounts Balance Balance
<S> <C> <C> <C> <C>
Current 2,077,155 97.45% $2,724,552,395.32 93.09%
1-30 Days 31,215 1.46% 100,761,034.05 3.44%
31-60 Days 7,110 0.33% 27,367,273.29 0.94%
61 or More Days 16,031 0.75% 74,055,184.28 2.53%
Total 2,131,511 100.00% $2,926,735,886.94 100.00%
</TABLE>
Composition by Account Age
Representative Portfolio
<TABLE>
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Account Age Range Accounts Accounts Balance Balance
<S> <C> <C> <C> <C>
0-6 Months 125,605 5.89% $ 237,526,890.87 8.12%
Over 6 to 12 Months 399,608 18.75% 575,286,608.80 19.66%
Over 12 to 24 Months 576,409 27.04% 609,005,100.71 20.81%
Over 24 to 48 Months 646,088 30.31% 811,239,227.24 27.72%
Over 48 Months 383,801 18.01% 693,678,059.53 23.70
Total 2,131,511 100.00% $2,926,735,887.15 100.00%
</TABLE>
Geographic Distribution by Receivables Balance
Representative Portfolio
<TABLE>
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Accounts Accounts Balance Balance
<S> <C> <C> <C> <C>
CA 213,056 10.00% $ 286,894,503.89 9.80%
CT 140,424 6.59% 220,322,648.87 7.53%
TX 142,224 6.67% 204,976,308.04 7.00%
NY 144,056 6.76% 184,079,892.21 6.29%
FL 134,504 6.31% 179,933,718.65 6.15%
IL 87,655 4.11% 123,561,564.36 4.22%
PA 96,181 4.51% 118,209,356.63 4.04%
OH 86,198 4.04% 115,694,556.84 3.95%
MI 67,078 3.15% 89,763,745.15 3.07%
NJ 68,965 3.24% 87,470,677.45 2.99%
Other(1) 951,170 44.62% 1,315,828,915.00 44.96%
Total 2,131,511 100.00% $2,926,735,887.09 100.00%
<FN>
(1) States with less than 3.06% of the Percentage of Total Receivables
Balance.
</FN>
</TABLE>
