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Previous: FLAG INVESTORS REAL ESTATE SECURITIES FUND INC, 485BPOS, 1998-04-28 |
Next: BENEDEK BROADCASTING CORP, 10-Q, 1998-04-28 |
<PAGE> 1
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
Date of Report: March 16, 1998
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Virginia 0-25762 54-1719855
- ---------------------------------- ---------------- --------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- ----------------
(Address of principal executive offices) (Zip Code)
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(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 35
<PAGE> 2
ITEM 5. OTHER EVENTS.
This serves as an amendment to the February 8-K report.
The sole purpose of this amendment is to file a corrected
"Exhibit 1. February Performance Summary." During the March
month end closing process it was noted that certain
information relating to the final statement cycle for
February was incorrectly posted in March. We have restated
the End of the Month Principal Receivables, End of the Month
Finance Charge Receivables, End of the Month Total
Receivables, and End of the Month Seller Percentage to
reflect the correct amounts which were previously
overstated.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under
Exhibit 20:
1. February Performance Summary
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned there-unto duly authorized.
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<S> <C>
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
--------------------------------------------
David M. Willey
Senior Vice President and Treasurer
Date: April 20, 1998
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Page 2 of 35
<PAGE> 1
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<S> <C> <C>
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : February 1998
Beginning of the Month Principal Receivables : 10,061,736,517.10
-----------------
Beginning of the Month Finance Charge Receivables : 324,534,089.18
-----------------
Beginning of the Month Discounted Receivables : 0.00
-----------------
Beginning of the Month Total Receivables : 10,386,270,606.28
-----------------
Removed Principal Receivables : 0.00
-----------------
Removed Finance Charge Receivables : 0.00
-----------------
Removed Total Receivables : 0.00
-----------------
Additional Principal Receivables : 0.00
-----------------
Additional Finance Charge Receivables : 0.00
-----------------
Additional Total Receivables : 0.00
-----------------
Discounted Receivables Generated this Period 0.00
-----------------
End of the Month Principal Receivables : 9,641,177,574.43
-----------------
End of the Month Finance Charge Receivables : 308,922,090.58
-----------------
End of the Month Discounted Receivables : 0.00
-----------------
End of the Month Total Receivables : 9,950,099,665.01
-----------------
Excess Funding Account Balance 0.00
-----------------
Adjusted Invested Amount of all Master Trust Series 8,941,460,137.62
-----------------
End of the Month Seller Percentage 7.257593%
-----------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : February 1998 ACCOUNTS RECEIVABLES
End of the Month Delinquencies :
30 - 59 Days Delinquent 139,322 232,982,574.10
------------------- -----------------
60 - 89 Days Delinquent 87,311 146,685,420.63
------------------- -----------------
90 + Days Delinquent 186,959 305,950,292.61
------------------- -----------------
Total 30 + Days Delinquent 413,592 685,618,287.34
------------------- -----------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 6.89%
-----------------
Defaulted Accounts During the Month 47,575 68,141,687.26
------------------- -----------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 8.13%
-----------------
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Page 7 of 35
<PAGE> 2
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<S> <C> <C>
Total Collections and Gross Payment Rate 1,089,546,912.94 10.49%
------------------- -----------------
Collections of Principal Receivables and Principal Payment Rate 901,883,119.55 8.96%
------------------- -----------------
Prior Month Billed Finance Charge and Fees 167,981,671.04
-------------------
Amortized AMF Income 9,282,202.30
-------------------
Interchange Collected 5,396,774.78
-------------------
Recoveries of Charged Off Accounts 8,235,954.51
-------------------
Collections of Discounted Receivables 0.00
-------------------
Collections of Finance Charge Receivables and Annualized Yield 190,896,602.63 22.77%
------------------- -----------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : February 1998
Beginning Unamortized AMF Balance 45,572,920.46
-----------------
+ AMF Slug for Added Accounts 129,670.35
-------------------
+ AMF Collections 6,049,393.06
-------------------
- Amortized AMF Income 9,282,202.30
-------------------
Ending Unamortized AMF Balance 42,469,781.57
-----------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : FEBRUARY 1998
Gross Principal Payment Rate 8.96%
-------------------
May 17, 1994 3% Discount of Addition 50,184,973.92
-----------------
Total Discounted Receivables Collections as of Beginning of Month 50,184,973.92
-------------------
Collections of Discounted Receivables Current Month 0.00
-------------------
Discounted Receivables to be Collected 0.00
-----------------
</TABLE>
/s/ Douglas C.H. Adamson
-----------------------------------
Douglas C.H. Adamson
Securitization Manager
Page 8 of 35
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