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<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(AMENDMENT NO. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 15, 1996
Banc One Credit Card Master Trust
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-25636 31-4148768
(Commission File Number) (IRS Employer Identification Number)
c/o Bank One, Columbus, N.A., as Administrator, 800 Brooksedge Blvd.,
Attn: Gary Unser, Westerville, Ohio 43081
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(614) 248-3465
<PAGE> 2
This Amendment No. 1 to Form 8-K is being filed solely for the purpose of
submitting an electronic format copy of each of Exhibits 99.1 and 99.2 to this
Form 8-K, which were filed in paper format on May 31, 1996 pursuant to a Rule
201 temporary hardship exemption. Item 7 of Form 8-K is hereby amended in its
entirety to be and read as follows:
ITEM 7. EXHIBITS
See page 4 for Exhibit Index.
SIGNATURE
Pursuant to the requirements of the Security Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 6, 1996 BANC ONE CREDIT CARD MASTER TRUST
By /s/ Gary M. Unser
------------------------------
Name: Gary M. Unser
Title: Officer, Bank One, Columbus,
N.A.
<PAGE> 3
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Description
- ------- -----------
<S> <C> <C>
99.1 The Monthly Statements and other information reflecting the Trust's
Activities for the Monthly Period ending April 30, 1996. . . . . . . . . . . . . . . . CE
99.2 Monthly Servicer's Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . CE
</TABLE>
<PAGE> 1
EXHIBIT 99.1
THIS DOCUMENT IS A COPY OF THE EXHIBIT 99.1
FILED ON MAY 31, 1996 PURSUANT TO A
RULE 201 TEMPORARY HARDSHIP EXEMPTION
<PAGE> 2
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<S> <C> <C> <C> <C> <C>
Distribution Date of: 15-May-96 For the Monthly Period Ending: 30-Apr-96 Days in Interest Period (30/360) 30
Determined as of: 12-May-96 Monthly Period 18 Days in Interest Period (Act/360) 30
<CAPTION>
GROSS BALANCES OF
MINIMUM BALANCE REQUIREMENT ACCOUNTS DELINQUENT: (%) ($)
- --------------------------- -------------------- ----- ----------------
<S> <C> <C> <C> <C>
Trust Initial Invested Amount 3,760,000,000.00
Trust PFA 0.00 30 - 59 days 1.58% 69,050,406.73
Ending Portfolio Principal Balance 4,286,932,274.86 60 - 89 days 1.06% 46,067,041.49
90 days + 1.82% 79,462,812.17
Beginning Excess Funding Acct Bal 0.00 Total 30 days + 4.46% 194,580,260.39
Required Excess Funding Account Deposit 0.00 Gross Credit Losses 7.65% 27,327,812.01
Excess Funding Account Withdrawal 0.00 Net Credit Losses 7.29% 26,060,411.25
Discount Option Receivables 0
Seller's Participation Amt (w/o EFA) 526,932,274.86 Discount Percentage 0.00%
Required Seller's Interest 300,085,259.24 Finance Charge Billed - pool 53,157,933.44
Required Excess Funding Account Balance 0.00 Fees Billed - pool 6,199,453.14
Seller's Participation Amount 526,932,274.86 Required Principal Balance 3,760,000,000.00
EFA + Receivables + PFA 4,286,932,274.86
</TABLE>
<TABLE>
<CAPTION>
WIRES TO BE MADE ON THE TRANSFER DATE 14-MAY-96
- ------------------------------------------------------------------------
AMOUNT OF WIRE FROM COLUMBUS TO TRUSTEE
- ---------------------------------------
TOTAL TRUST SERIES 1994-A SERIES 1994-B SERIES 1994-C SERIES 1995-A
------------ -------------- -------------- --------------- -------------
<S> <C> <C> <C> <C> <C> <C>
Monthly Interest 24,626,169.57 24,626,169.57 3,581,000.00 5,986,583.33 2,929,500.00 1,950,350.00
Cash Collateral/Liquidity Fee 140,848.32 140,848.32 10,782.01 16,814.80 9,336.04 7,758.33
Subtotal 24,767,017.89 24,767,017.89 3,591,782.01 6,003,398.14 2,938,836.04 1,958,108.33
Loan Int Pymt 93,179.17 93,179.17 0.00 0.00 0.00 0.00
Total Wire to Trustee 24,860,197.06 24,860,197.06 3,591,782.01 6,003,398.14 2,938,836.04 1,958,108.33
<CAPTION>
SERIES 1995-B SERIES 1996-A SERIES 1996-1
------------- ------------- -------------
<S> <C> <C> <C>
Monthly Interest 1,997,850.00 3,875,024.86 4,305,861.38
Cash Collateral/Liquidity Fee 7,268.25 27,222.22 61,666.67
Subtotal 2,005,118.25 3,902,247.08 4,367,528.05
Loan Int Pymt 93,179.17 0.00 0.00
Total Wire to Trustee 2,098,297.42 3,902,247.08 4,367,528.05
</TABLE>
<TABLE>
<CAPTION>
WIRES TO BE MADE ON THE DISTRIBUTION DATE 15-MAY-96
- ------------------------------------------------------------------------
AMOUNT OF WIRE FROM COLUMBUS TO TRUSTEE
- ---------------------------------------
TOTAL TRUST SERIES 1994-A SERIES 1994-B SERIES 1994-C SERIES 1995-A
----------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
Spread Account Deposit 12,257,956.28 12,257,956.28 1,230,678.39 1,536,424.53 585,084.35 0.00
<CAPTION>
SERIES 1995-B SERIES 1996-A SERIES 1996-1
------------- ------------- -------------
<C> <C> <C>
Spread Account Deposit 1,224,250.59 4,311,389.31 3,350,129.11
<CAPTION>
AMOUNT OF WIRE FROM CREDIT ENHANCER TO COLUMBUS
- -----------------------------------------------
TOTAL TRUST SERIES 1994-A SERIES 1994-B SERIES 1994-C SERIES 1995-A
----------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
Spread Acct Earnings 255,236.59 255,236.59 56,508.33 98,599.17 50,916.83 25,260.42
Spread Acct Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00
Loan Int Pymt (Deutsche) 93,179.17 93,179.17 0.00 0.00 0.00 0.00
Total Wire to Columbus 348,415.76 348,415.76 56,508.33 98,599.17 50,916.83 25,260.42
<CAPTION>
SERIES 1995-B SERIES 1996-A SERIES 1996-1
------------- -------------- -------------
<S> <C> <C> <C>
Spread Acct Earnings 23,951.84 0.00 0.00
Spread Acct Withdrawal 0.00 0.00 0.00
Loan Int Pymt (Deutsche) 93,179.17 0.00 0.00
Total Wire to Columbus 117,131.01 0.00 0.00
</TABLE>
<PAGE> 3
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<S> <C> <C> <C> <C>
Distribution Date of: 15-May-96 For the Monthly Period Ending: 30-Apr-96 Days in Interest Period (30/360)
Determined as of: 12-May-96 Monthly Period 18 Days in Interest Period (Act/360)
<CAPTION>
BEGINNING TOTAL TRUST INVESTOR INTEREST SERIES 1994-A SERIES 1994-B SERIES 1994-C
--------- ----------- ----------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,295,896,664.18
Finance Charges O/S 79,216,105.16
Excess Funding Account 0.00
Initial Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
Class A Invested Amount 564,000,000.00 893,000,000.00 423,000,000.00
Class B Invested Amount 36,000,000.00 57,000,000.00 27,000,000.00
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
Class A Adjusted Invested Amt 564,000,000.00 893,000,000.00 423,000,000.00
Class B Adjusted Invested Amt 36,000,000.00 57,000,000.00 27,000,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 87.53% 13.97% 22.11% 10.48%
Principal Collections 536,347,336.09 469,440,059.05 74,910,647.72 118,608,525.56 56,182,985.79
Floating Allocation Pct 100.00% 87.53% 13.97% 22.11% 10.48%
Finance Charge Collections 65,466,123.57 57,299,475.26 9,143,533.29 14,477,261.04 6,857,649.96
Defaulted Amount 26,060,411.25 22,809,474.71 3,639,809.79 5,763,032.17 2,729,857.35
Interchange Collections 6,125,053.84 5,360,976.82 855,475.02 1,354,502.12 641,606.27
Servicer Interchange 3,916,666.67 625,000.00 989,583.33 468,750.00
Shared Principal Collections 492,249,533.75 78,550,457.51 124,371,557.73 58,912,843.14
<CAPTION>
BEGINNING SERIES 1995-A SERIES 1995-B SERIES 1996-A SERIES 1996-1 SELLER INTEREST
--------- ------------- ------------- ------------- ------------- ---------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 500,000,000.00
Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 500,000,000.00
Class A Invested Amount 357,200,000.00 357,200,000.00 465,000,000.00 500,000,000.00
Class B Invested Amount 22,800,000.00 22,800,000.00 35,000,000.00 n/a
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 500,000,000.00 535,896,664.18
Class A Adjusted Invested Amt 357,200,000.00 357,200,000.00 465,000,000.00 500,000,000.00 NA
Class B Adjusted Invested Amt 22,800,000.00 22,800,000.00 35,000,000.00 n/a NA
Enhancement Invested Amount 0.00 0.00 0.00 0.00 NA
Principal Allocation Pct 8.85% 8.85% 11.64% 11.64% 12.47%
Principal Collections 47,443,410.22 47,443,410.22 62,425,539.77 62,425,539.77 66,907,277.04
Floating Allocation Pct 8.85% 8.85% 11.64% 11.64% 12.47%
Finance Charge Collections 5,790,904.41 5,790,904.41 7,619,611.07 7,619,611.07 8,166,648.31
Defaulted Amount 2,305,212.87 2,305,212.87 3,033,174.83 3,033,174.83 3,250,936.54
Interchange Collections 541,800.85 541,800.85 712,895.85 712,895.85
Servicer Interchange 395,833.33 395,833.33 520,833.33 520,833.33
Shared Principal Collections 49,748,623.09 49,748,623.09 65,458,714.59 65,458,714.59
</TABLE>
<TABLE>
<CAPTION>
ENDING TOTAL TRUST INVESTOR INTEREST SERIES 1994-A SERIES 1994-B SERIES 1994-C
------ ----------- ----------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,286,932,274.86
Finance Charges O/S 76,919,588.55
Excess Funding Account 0.00
Initial Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
Class A Invested Amount 564,000,000.00 893,000,000.00 423,000,000.00
Class B Invested Amount 36,000,000.00 57,000,000.00 27,000,000.00
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
Class A Adjusted Invested Amt 564,000,000.00 893,000,000.00 423,000,000.00
Class B Adjusted Invested Amt 36,000,000.00 57,000,000.00 27,000,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 87.71% 14.00% 22.16% 10.50%
Floating Allocation Pct 100.00% 87.71% 14.00% 22.16% 10.50%
<CAPTION>
ENDING SERIES 1995-A SERIES 1995-B SERIES 1996-A SERIES 1996-1 SELLER INTEREST
------ ------------- ------------- ------------- ------------- ---------------
<S> <C> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 500,000,000.00
Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 500,000,000.00
Class A Invested Amount 357,200,000.00 357,200,000.00 465,000,000.00 500,000,000.00
Class B Invested Amount 22,800,000.00 22,800,000.00 35,000,000.00 n/a
Principal Funding Account 0.00 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 500,000,000.00 526,932,274.86
Class A Adjusted Invested Amt 357,200,000.00 357,200,000.00 465,000,000.00 500,000,000.00 NA
Class B Adjusted Invested Amt 22,800,000.00 22,800,000.00 35,000,000.00 n/a NA
Enhancement Invested Amount 0.00 0.00 0.00 0.00 NA
Principal Allocation Pct 8.86% 8.86% 11.66% 11.66% 12.29%
Floating Allocation Pct 8.86% 8.86% 11.66% 11.66% 12.29%
</TABLE>
<PAGE> 4
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1994-A
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,295,896,664.18 4,286,932,274.86 (8,964,389.32)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 600,000,000.00 600,000,000.00 0.00
Class A Invested Amount 564,000,000.00 564,000,000.00 0.00
Class B Invested Amount 36,000,000.00 36,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 600,000,000.00 600,000,000.00 0.00
Class A Adjusted Invested Amount 564,000,000.00 564,000,000.00 0.00
Class B Adjusted Invested Amount 36,000,000.00 36,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 33,000,000.00 33,000,000.00 0.00
Available Shared Collateral Amount 27,000,000.00 27,000,000.00 0.00
Spread Account 12,743,956.08 13,974,634.47 1,230,678.39
Servicing Base Amount 600,000,000.00 600,000,000.00 0.00
</TABLE>
<TABLE>
<CAPTION>
ALLOCATION PERCENTAGES
----------------------
<S> <C>
Floating Allocation Pct 13.97%
Principal Allocation Pct 13.97%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
ALLOCATIONS Trust 1994-A Class A Class B
----------- ------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 536,347,336.09 74,910,647.72 70,416,008.86 4,494,638.86
Finance Charge Collections 65,466,123.57 9,143,533.29 8,594,921.29 548,612.00
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
-----------------------------------------------------------
Available Funds 9,143,533.29 8,594,921.29 548,612.00
MONTHLY INVESTOR OBLIGATIONS
----------------------------
Servicer Interchange 625,000.00 587,500.00 37,500.00
Monthly Interest 3,581,000.00 3,360,500.00 220,500.00
Monthly Servicing Fee 375,000.00 352,500.00 22,500.00
Defaulted Amounts 26,060,411.25 3,639,809.79 3,421,421.21 218,388.59
-----------------------------------------------------------
8,220,809.79 7,721,921.21 498,888.59
Excess Spread 922,723.49 873,000.08 49,723.41
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
------------------------
Cash Collateral Fee 7,596.02
Risk-Free Fee 3,185.99
Monthly Cash Collateral Fee 10,782.01
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 2.01%
Principal Payment Rate Calculation 12.11%
Base Spread Account Cap 3.00%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 3.00%
Beginning Cash Collateral Amount 33,000,000.00
Required Cash Collateral Amount 33,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 12,743,956.08
Required Spread Account Amount 18,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 5,256,043.92
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 282,000,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 78,550,457.51
Principal Shortfall 0.00
Shared Principal to Other Series 78,550,457.51
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 564,000,000.00
Ending Class B Invested Amount 36,000,000.00
CLASS A ACCUMULATION PERIOD LENGTH
-----------------------------------
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 3,760,000,000.00
Class A Invested Amount 564,000,000.00
Available Principal 414,544,310.74
Class A Accumulation Period Length 2
RESERVE ACCOUNT
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.01%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 2.48%
Reserve Account Funding Period Length 1
Reserve Account Funding Date 15-Sep-96
Weighted Average Coupon 7.16%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.75%
Base Rate - 3 month average 9.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.58%
</TABLE>
<PAGE> 6
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1994-B
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,295,896,664.18 4,286,932,274.86 (8,964,389.32)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 950,000,000.00 950,000,000.00 0.00
Class A Invested Amount 893,000,000.00 893,000,000.00 0.00
Class B Invested Amount 57,000,000.00 57,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 950,000,000.00 950,000,000.00 0.00
Class A Adjusted Invested Amount 893,000,000.00 893,000,000.00 0.00
Class B Adjusted Invested Amount 57,000,000.00 57,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 52,250,000.00 52,250,000.00 0.00
Available Shared Collateral Amount 42,750,000.00 42,750,000.00 0.00
Spread Account 22,231,581.26 23,768,005.79 1,536,424.53
Servicing Base Amount 950,000,000.00 950,000,000.00 0.00
ALLOCATION PERCENTAGES
----------------------
Floating Allocation Pct 22.11%
Principal Allocation Pct 22.11%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
ALLOCATIONS Trust 1994-B Class A Class B
----------- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 536,347,336.09 118,608,525.56 111,492,014.02 7,116,511.53
Finance Charge Collections 65,466,123.57 14,477,261.04 13,608,625.37 868,635.66
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------
Available Funds 14,477,261.04 13,608,625.37 868,635.66
MONTHLY INVESTOR OBLIGATIONS
----------------------------
Servicer Interchange 989,583.33 930,208.33 59,375.00
Monthly Interest 5,986,583.33 5,618,458.33 368,125.00
Monthly Servicing Fee 593,750.00 558,125.00 35,625.00
Defaulted Amounts 26,060,411.25 5,763,032.17 5,417,250.24 345,781.93
---------------------------------------------------------------
13,332,948.84 12,524,041.91 808,906.93
Excess Spread 1,144,312.20 1,084,583.46 59,728.73
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
-----------------------
Cash Collateral Fee 11,256.91
Risk-Free Fee 5,557.90
Monthly Cash Collateral Fee 16,814.80
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 1.61%
Principal Payment Rate Calculation 12.11%
Base Spread Account Cap 3.00%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 3.00%
Beginning Cash Collateral Amount 52,250,000.00
Required Cash Collateral Amount 52,250,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 22,231,581.26
Required Spread Account Amount 28,500,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 6,268,418.74
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 223,250,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 124,371,557.73
Principal Shortfall 0.00
Shared Principal to Other Series 124,371,557.73
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 893,000,000.00
Ending Class B Invested Amount 57,000,000.00
CLASS A ACCUMULATION PERIOD LENGTH
----------------------------------
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 3,160,000,000.00
Class A Invested Amount 893,000,000.00
Available Principal 348,393,622.86
Class A Accumulation Period Length 3
RESERVE ACCOUNT
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.01%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 2.08%
Reserve Account Funding Period Length 2
Reserve Account Funding Date 15-Jul-97
Weighted Average Coupon 7.56%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.75%
Base Rate - 3 month average 9.56%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.18%
</TABLE>
<PAGE> 8
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-C
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,295,896,664.18 4,286,932,274.86 (8,964,389.32)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 450,000,000.00 450,000,000.00 0.00
Class A Invested Amount 423,000,000.00 423,000,000.00 0.00
Class B Invested Amount 27,000,000.00 27,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 450,000,000.00 450,000,000.00 0.00
Class A Adjusted Invested Amount 423,000,000.00 423,000,000.00 0.00
Class B Adjusted Invested Amount 27,000,000.00 27,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 27,000,000.00 27,000,000.00 0.00
Available Shared Collateral Amount 22,500,000.00 22,500,000.00 0.00
Spread Account 11,483,770.35 12,068,854.70 585,084.35
Servicing Base Amount 450,000,000.00 450,000,000.00 0.00
ALLOCATION PERCENTAGES
----------------------
Floating Allocation Pct 10.48%
Principal Allocation Pct 10.48%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
ALLOCATIONS Trust 1994-C Class A Class B
----------- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 536,347,336.09 56,182,985.79 52,812,006.64 3,370,979.15
Finance Charge Collections 65,466,123.57 6,857,649.96 6,446,190.97 411,459.00
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------
Available Funds 6,857,649.96 6,446,190.97 411,459.00
MONTHLY INVESTOR OBLIGATIONS
----------------------------
Servicer Interchange 468,750.00 440,625.00 28,125.00
Monthly Interest 2,929,500.00 2,749,500.00 180,000.00
Monthly Servicing Fee 281,250.00 264,375.00 16,875.00
Defaulted Amounts 26,060,411.25 2,729,857.35 2,566,065.90 163,791.44
---------------------------------------------------------------
6,409,357.35 6,020,565.90 388,791.44
Excess Spread 448,292.62 425,625.06 22,667.56
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
-----------------------
Cash Collateral Fee 6,465.10
Risk-Free Fee 2,870.94
Monthly Cash Collateral Fee 9,336.04
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- -----------------------------------
<S> <C> <C>
Quarterly Excess Spread Percentage 1.35%
Principal Payment Rate Calculation 12.11%
Base Spread Account Cap 3.00%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 3.00%
Beginning Cash Collateral Amount 27,000,000.00
Required Cash Collateral Amount 27,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 11,483,770.35
Required Spread Account Amount 13,500,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 2,016,229.65
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 105,750,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 58,912,843.14
Principal Shortfall 0.00
Shared Principal to Other Series 58,912,843.14
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 423,000,000.00
Ending Class B Invested Amount 27,000,000.00
CLASS A ACCUMULATION PERIOD LENGTH
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 2,210,000,000.00
Class A Invested Amount 423,000,000.00
Available Principal 243,655,033.71
Class A Accumulation Period Length 2
RESERVE ACCOUNT
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.01% 15.28%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 1.83%
Reserve Account Funding Period Length 2
Reserve Account Funding Date 15-Aug-98
Weighted Average Coupon 7.81%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.75%
Base Rate - 3 month average 9.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 1.93%
</TABLE>
<PAGE> 10
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1995-A
<TABLE>
<S> <C>
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,295,896,664.18 4,286,932,274.86 (8,964,389.32)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Adjusted Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 20,900,000.00 20,900,000.00 0.00
Available Shared Collateral Amount 17,100,000.00 17,100,000.00 0.00
Spread Account 5,700,000.00 5,700,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
<CAPTION>
ALLOCATION PERCENTAGES
- ----------------------
<S> <C>
Floating Allocation Pct 8.85%
Principal Allocation Pct 8.85%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
<CAPTION>
Series
ALLOCATIONS Trust 1995-A Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 536,347,336.09 47,443,410.22 44,596,805.61 2,846,604.61
Finance Charge Collections 65,466,123.57 5,790,904.41 5,443,450.15 347,454.26
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 5,790,904.41 5,443,450.15 347,454.26
MONTHLY INVESTOR OBLIGATIONS
- ----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,950,350.00 1,830,650.00 119,700.00
Monthly Servicing Fee 237,500.00 223,250.00 14,250.00
Defaulted Amounts 26,060,411.25 2,305,212.87 2,166,900.10 138,312.77
------------- ------------- ------------
4,888,896.20 4,592,883.43 296,012.77
Excess Spread 1,040,320.98 850,566.72 189,754.26
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 6,333.33
Risk-Free Fee 1,425.00
Monthly Cash Collateral Fee 7,758.33
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
<S> <C> <C>
Quarterly Excess Spread Percentage 3.01%
Principal Payment Rate Calculation 12.11%
Base Spread Account Cap 1.50%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 1.50%
Beginning Cash Collateral Amount 20,900,000.00
Required Cash Collateral Amount 20,900,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 5,700,000.00
Required Spread Account Amount 5,700,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
Month of Accumulation 0
Controlled Accumulation Amount 71,440,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 49,748,623.09
Principal Shortfall 0.00
Shared Principal to Other Series 49,748,623.09
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
CLASS A ACCUMULATION PERIOD LENGTH
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 1,760,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 194,042,017.79
Class A Accumulation Period Length 2
RESERVE ACCOUNT
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.01% 15.28%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 3.49%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Feb-2000
Weighted Average Coupon 6.16%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.75%
Base Rate - 3 month average 8.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.59%
</TABLE>
<PAGE> 12
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1995-B
<TABLE>
<S> <C>
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,295,896,664.18 4,286,932,274.86 (8,964,389.32)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Invested Amount 22,800,000.00 22,800,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 0.00
Class A Adjusted Invested Amount 357,200,000.00 357,200,000.00 0.00
Class B Adjusted Invested Amount 22,800,000.00 22,800,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 20,900,000.00 20,900,000.00 0.00
Available Shared Collateral Amount 17,100,000.00 17,100,000.00 0.00
Spread Account 5,575,623.38 6,819,873.97 1,244,250.59
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
<CAPTION>
ALLOCATION PERCENTAGES
- ----------------------
<S> <C>
Floating Allocation Pct 8.85%
Principal Allocation Pct 8.85%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
<CAPTION>
Series
ALLOCATIONS Trust 1995-B Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 536,347,336.09 47,443,410.22 44,596,805.61 2,846,604.61
Finance Charge Collections 65,466,123.57 5,790,904.41 5,443,450.15 347,454.26
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ------------
Available Funds 5,790,904.41 5,443,450.15 347,454.26
MONTHLY INVESTOR OBLIGATIONS
- ----------------------------
Servicer Interchange 395,833.33 372,083.33 23,750.00
Monthly Interest 1,997,850.00 1,875,300.00 122,550.00
Monthly Servicing Fee 237,500.00 223,250.00 14,250.00
Defaulted Amounts 26,060,411.25 2,305,212.87 2,166,900.10 138,312.77
------------- ------------- ------------
4,936,396.20 4,637,533.43 298,862.77
Excess Spread 992,820.98 805,916.72 186,904.26
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 5,874.34
Risk-Free Fee 1,393.91
Monthly Cash Collateral Fee 7,268.25
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- -----------------------------------
<S> <C>
Quarterly Excess Spread Percentage 2.86%
Principal Payment Rate Calculation 12.11%
Base Spread Account Cap 2.75%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 2.75%
Beginning Cash Collateral Amount 20,900,000.00
Required Cash Collateral Amount 20,900,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 5,575,623.38
Required Spread Account Amount 10,450,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 4,874,376.62
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 39,688,888.89
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 49,748,623.09
Principal Shortfall 0.00
Shared Principal to Other Series 49,748,623.09
Shared Principal from Other Series 0.00
Class A Monthly Principal 0.00
Class B Monthly Principal 0.00
Monthly Principal 0.00
PFA Deposit 0.00
PFA Withdrawal 0.00
Ending PFA Balance 0.00
Principal to Investors 0.00
Ending Class A Invested Amount 357,200,000.00
Ending Class B Invested Amount 22,800,000.00
CLASS A ACCUMULATION PERIOD LENGTH
- ----------------------------------
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 1,760,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 194,042,017.79
Class A Accumulation Period Length 2
RESERVE ACCOUNT
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.01%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 3.34%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-2000
Weighted Average Coupon 6.31%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.75%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.44%
</TABLE>
<PAGE> 14
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1996-A
<TABLE>
<S> <C>
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
Days in Interest Period (30/360) 49
Days in Interest Period (Actual/360) 49
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,375,879,284.27 4,286,932,274.86 (88,947,009.41)
Excess Funding Account 0.00 0.00 0.00
Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Invested Amount 35,000,000.00 35,000,000.00 0.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 500,000,000.00 500,000,000.00 0.00
Class A Adjusted Invested Amount 465,000,000.00 465,000,000.00 0.00
Class B Adjusted Invested Amount 35,000,000.00 35,000,000.00 0.00
Enhancement Invested Amount 0.00 0.00 0.00
Reserve Account 0.00 0.00 0.00
Available Cash Collateral Amount 40,000,000.00 40,000,000.00 0.00
Available Shared Collateral Amount 40,000,000.00 40,000,000.00 0.00
Spread Account 0.00 4,311,389.31 4,311,389.31
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
<CAPTION>
ALLOCATION PERCENTAGES
- ----------------------
<S> <C>
Floating Allocation Pct 11.64%
Principal Allocation Pct 11.64%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
<CAPTION>
Series
ALLOCATIONS Trust 1996-A Class A Class B
- ----------- ----- ------ ------- -------
<S> <C> <C> <C> <C>
Principal Collections 1,097,814,156.02 126,580,282.56 117,719,662.78 8,860,619.78
-------------- -------------- ------------
Finance Charge Collections 0.00 14,896,518.06 13,853,761.80 1,042,756.26
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
-------------- -------------- ------------
Available Funds 14,896,518.06 13,853,761.80 1,042,756.26
MONTHLY INVESTOR OBLIGATIONS
- ----------------------------
Servicer Interchange 1,041,666.67 968,750.00 72,916.67
Monthly Interest 3,875,024.86 3,603,773.12 271,251.74
Monthly Servicing Fee 510,416.67 474,687.50 35,729.17
Defaulted Amounts 48,421,191.95 5,588,179.12 5,197,006.58 391,172.54
-------------- -------------- ------------
11,015,287.31 10,244,217.20 771,070.11
Excess Spread 4,272,403.29 3,609,544.60 662,858.69
Required Amount 0.00 0.00 0.00
1 MONTH LIBOR RATE 5.50%
- ------------------
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT
<S> <C>
Cash Collateral Fee 27,222.22
Quarterly Excess Spread Percentage 10.19%
Principal Payment Rate Calculation 12.11%
Base Spread Account Cap 1.00%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 1.00%
Beginning Cash Collateral Amount 40,000,000.00
Required Cash Collateral Amount 40,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 0.00
Required Spread Account Amount 5,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 5,000,000.00
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
Month of Accumulation 0
Controlled Accumulation Amount 38,750,000
Required PFA Balance 0
Beginning PFA Balance 0
Controlled Deposit Amount 0
Available Investor Principal Collections 65,458,715
Principal Shortfall 0
Shared Principal to Other Series 65,458,715
Shared Principal from Other Series 0
Class A Monthly Principal 0
Class B Monthly Principal 0
Monthly Principal 0
PFA Deposit 0
PFA Withdrawal 0
Ending PFA Balance 0
Principal to Investors 0
Ending Class A Invested Amount 465,000,000
Ending Class B Invested Amount 35,000,000
CLASS A ACCUMULATION PERIOD LENGTH
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 1,000,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 110,251,146.47
Class A Accumulation Period Length 5
RESERVE ACCOUNT
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.45%
Reserve Account Factor 41.67%
Portfolio Adjusted Yield 0.00%
Reserve Account Funding Period Length 5
Reserve Account Funding Date 15-Jul-2002
Weighted Average Coupon 5.69%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.45%
Base Rate - 3 month average 7.97%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.48%
</TABLE>
<PAGE> 16
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996 - 1
SERVICER REPORT
<TABLE>
<CAPTION>
<S> <C>
Distribution Date of: 15-Apr-96
Determined as of: 12-May-96
For the Monthly Period Ending: 31-Mar-96
I. TRUST STATUS
A Total Principal ReceivablesTrust Outstanding (BOM) 4,375,879,284.27
B Principal Receivables Collections 561,466,819.93
C Finance Charge Receivables Collections 58,329,970.96
does not include interchange
D Default Receivables 22,360,780.70
E New Charges not available
F Interchange Collection 5,355,762.12
G Total Principal ReceivablesTrust Outstanding (EOM) 4,295,896,664.18
II. ALLOCATION PERCENTAGES
H Invested Amount (BOM) 500,000,000.00
BB
I Enhancment Invested Amount (BOM) 0.00
J Enhancment Intial Invested Amount 0.00
K Aggr. Princ. Payment to Cash Collateral Account (Prev. Periods) 0.00
L Enhancment Invested Amount Reductions Previous Periods 0.00
M Enhancment Invested Amount Reimbursed 0.00
N Has any payments from CCA been made N
w/ respect to Econ. Special Payment Date?
O Enhancment Invested Amount 0.00
if N = ' Y ' then 0, otherwise J - K - L + M
P Excess Funding Account (BOM) 0.00
Q Floating Allocation Percentage ("FLAP") 11.43%
Min{ (H + I)/(A + P),100% }
R Principal Allocation Percentage ("PAP") 11.43%
Min{ H/(A + P),100% }
III. ALLOCATION & DISTRIBUTION OF COLLECTIONS TO SERIES 1996 - 1
S Allocated Finance Charge Collections 7,276,906.99
(F + C) x Q
T Allocated Finance Charge Collections Distribution
<CAPTION>
Available Cash Amt Due Amount Paid Shortfall
----------------------------------------------------
<S> <C> <C> <C> <C>
1 Monthly Interest 7,276,906.99 391,815.99 391,815.99 0.00
2 Investor Servicing Fee 6,885,091.00 500,000.00 500,000.00 0.00
3 Investor Servicing Fee prev.
due but unpaid 6,385,091.00 0.00 0.00 0.00
4 Investor Default Coverage Current Period 6,385,091.00 2,555,004.29 2,555,004.29 0.00
5 Uncovered Investor Default Prev. Periods 3,830,086.71 0.00 0.00 0.00
6 EIA Monthly Servicing Fee 3,830,086.71 0.00 0.00 0.00
7 Monthly Liquidity Fee 3,830,086.71 10,000.00 10,000.00 0.00
8 Monthly Cash Collateral Fee 3,820,086.71 13,125.00 13,125.00 0.00
3,806,961.71 0.00
3,806,961.71 0.00 0.00 0.00
3,806,961.71 0.00 0.00 0.00 Input (in Amt Due column)
3,806,961.71 0.00 Input (in Amt Due column)
3,806,961.71 0.00 0.00 0.00 Input (in Amt Due column)
3,806,961.71 0.00 0.00 0.00 Input (in Amt Due column)
3,806,961.71 0.00 0.00 0.00
3,806,961.71 0.00 Input (in Amt Due column)
3,806,961.71 0.00 0.00 0.00 Input (in Amt Due column)
-------------------------------------------------
3,806,961.71
U Allocated Principal Collections 64,154,742.79
B x R
V Other Principal Collections 0.00
W Available Invested Principal
Collections 64,154,742.79
U + V
X Available Invested Principal
Collections Distribution
<CAPTION>
Available Cash Amt Due Amount Paid Shortfall
------------------------------------------------------
<S> <C> <C> <C> <C>
1 Monthly Principal 64,154,742.79 0 0.00 0.00
2 EIA Monthly Principal 64,154,742.79 0 0.00 0.00
------------------------------------------------------
</TABLE>
<PAGE> 17
<TABLE>
<S> <C>
IV. CALCULATION OF INTEREST, FEES AND DEFAULTS
Y Monthly Interest 391,815.99
Z + AA + AB
Z Aggregate Discount Amt. to Columbus Cert. Holders (current period) 0.00
AA Unreimbursed Aggregate Disc Amt. to Columbus Cert. Holders (prev. periods) 0.00
AB Aggregate Columbus & Maturity Interest Amt. 391,815.99
(AF x AH x AJ/360 +AK) + (AG x AI x AJ/360 + AL)
AC Composite Rate 0.00%
AD Spread to Composite Rate (Extended Columbus Certficates) 0.15%
AE Spread to Composite Rate (Maturity Certficates) 0.20%
AF Certificate Rate (Extended Columbus Certficates) 0.15%
AC + AD
AG Certificate Rate (Maturity Certficates) 0.20%
AC + AE
AH Average Extended Columbus Certificate Outstanding in Interest Period 0.00
AI Average Maturity Certificate Outstanding in Interest Period 0.00
AJ Number of Days in Interest Period 18
AK Accured but Unpaid Columbus Interest Amt. from prev. periods. 0.00
AL Accured but Unpaid Maturity Certificate Interest Amt. from prev. periods. 0.00
AM Is the Seller, Trustee or Agent of the Trustee acting as Servicer? (Y/N) Y
AN Net Servicing Fee Rate 2.00%
AO Investor Servicing Fee 500,000.00
AN x H/12
AP Investor Servicing Fee prev. due but unpaid 0.00
AQ Investor Default Amount Current Period 2,555,004.29
D x Q
AR Uncovered Investor Default Prev. Periods 0.00
AS EIA Monthly Servicing Fee 0.00
I x AN/12
AX EIA Monthly Interest Due 0.00
AY EIA Monthly Allocated Defaults 0.00
V. CERTIFICATES OUTSTANDING
AZ Columbus Certificate Invested Amount (BOM) 500,000,000.0
BA Maturity Invested Amount (BOM) 0.0
BB Invested Amount (BOM) 500,000,000.0
AZ + BA
BC Allocated Monthly Principal 0.00
If BS = R then 0 otherwise B x R
BD Shared Principal Collections 0.00
BE Invested Amount (EOM) 500,000,000.00
BB - BC - BD
VI. CASH COLLATERAL ACCOUNT ("CCA")
BF Cash In CCA (BOM) 52,500,000.00
BG CCA Deposits 0.00
BH CCA Withdrawals 0.00
BI Cash In CCA (E\OM) 52,500,000.00
BF + BG - BH
VII. REQUIRED RESERVE ACCOUNT
BJ Reserve Account Funding Date Three months prior to March 2001
BK Invested Amount Required for Reserve Account 0.00
BL Required Reserve Account Factor 0.25%
BM Required Reserve Account Amount 0.00
BK x BL
BN Balance in Reserve Account (BOM) 0.00
BO Required Reserve Account Deposit 0.00
BM - BN
</TABLE>
<PAGE> 18
<TABLE>
<S> <C>
VIII Economic Trust Conditions to Issuance
BP Surplus Finance Charge Collection History
Surplus Finance Charge Collection Yield
Current Month 0.00%
1 Month Ago 0.00%
2 Months Ago 0.00%
Average 0.00%
Average must be greater than 2.0%) *** Fail
BQ Series Weighted Average Coupon (per CTM Report) 5.7260%
(Must be less than 10.0%) *** Pass
BR Monthly Principal Rate
Current Month 12.83%
1 Month Ago 11.03%
2 Months Ago 12.70%
Average 12.19%
Average must be greater than 9.0%) *** Pass
BS Period Type: (R)evolving, (C)lass Amortization, (L)imted Amortization, R
(S)eries Accumulation, (E)conomic Payout Event
VIII Spread Account
BT Beginning Spread Account Balance 0.00
BU Required Spread Account Balance 5,000,000.00
BV Required Spread Account Draw 0.00
BW Required Spread Account Deposit 5,000,000.00
BX Spread Account Surplus 0.00
BY Spread Account Deposit 3,831,650.23
</TABLE>
<PAGE> 19
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996 - 1
SERVICER REPORT
<TABLE>
<S> <C>
Distribution Date of: 15-May-96
Determined as of: 12-May-96
For the Monthly Period Ending: 30-Apr-96
I. TRUST STATUS
A Total Principal ReceivablesTrust Outstanding (BOM) 4,295,896,664.18
B Principal Receivables Collections 536,347,336.09
C Finance Charge Receivables Collections 59,341,069.73
does not include interchange
D Default Receivables 26,060,411.25
E New Charges not available
F Interchange Collection 6,125,053.84
G Total Principal ReceivablesTrust Outstanding (EOM) 4,286,932,274.86
II. ALLOCATION PERCENTAGES
H Invested Amount (BOM) 500,000,000.00
BB
I Enhancment Invested Amount (BOM) 0.00
J Enhancment Intial Invested Amount 0.00
K Aggr. Princ. Payment to Cash Collateral Account (Prev. Periods) 0.00
L Enhancment Invested Amount Reductions Previous Periods 0.00
M Enhancment Invested Amount Reimbursed 0.00
N Has any payments from CCA been made N
w/ respect to Econ. Special Payment Date?
O Enhancment Invested Amount 0.00
if N = ' Y ' then 0, otherwise J - K - L + M
P Excess Funding Account (BOM) 0.00
Q Floating Allocation Percentage ("FLAP") 11.64%
Min{ (H + I)/(A + P),100% }
R Principal Allocation Percentage ("PAP") 11.64%
Min{ H/(A + P),100% }
III. ALLOCATION & DISTRIBUTION OF COLLECTIONS TO SERIES 1996 - 1
S Allocated Finance Charge Collections 7,619,611.07
(F + C) x Q
T Allocated Finance Charge Collections Distribution
<CAPTION>
Available Cash Amt Due
-----------------------------
<S> <C> <C>
1 Monthly Interest 7,619,611.07 4,305,861.38
2 Investor Servicing Fee 3,313,749.69 833,333.33
3 Investor Servicing Fee prev. due but unpaid 2,480,416.36 0.00
4 Investor Default Coverage Current Period 2,480,416.36 3,033,174.83
5 Uncovered Investor Default Prev. Periods 0.00 0.00
6 EIA Monthly Servicing Fee 0.00 0.00
7 Monthly Liquidity Fee 0.00 16,666.67
8 Monthly Cash Collateral Fee 0.00 21,875.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
-----------------------------
0
<CAPTION>
Amount Paid Shortfall
---------------------------
<S> <C> <C>
1 Monthly Interest 4,305,861.38 0.00
2 Investor Servicing Fee 833,333.33 0.00
3 Investor Servicing Fee prev. due but unpaid 0.00 0.00
4 Investor Default Coverage Current Period 2,480,416.36 552,758.47
5 Uncovered Investor Default Prev. Periods 0.00 0.00
6 EIA Monthly Servicing Fee 0.00 0.00
7 Monthly Liquidity Fee 0.00 16,666.67
8 Monthly Cash Collateral Fee 0.00 21,875.00
0.00 0.00
0.00 0.00 Input (in Amt Due column)
Input (in Amt Due column)
0.00 0.00 Input (in Amt Due column)
0.00 0.00 Input (in Amt Due column)
0.00 0.00
Input (in Amt Due column)
0.00 0.00 Input (in Amt Due column)
-----------------------------
0
U Allocated Principal Collections 62,425,539.77
B x R
V Other Principal Collections 0.00
W Available Invested
Principal Collections 62,425,539.77
U + V
X Available Invested Principal
Collections Distribution
<CAPTION>
Available Cash Amt Due Amount Paid Shortfall
----------------------------------------------------------
<S> <C> <C> <C> <C>
1 Monthly Principal 62,425,539.77 0 0.00 0.00
2 EIA Monthly Principal 62,425,539.77 0 0.00 0.00
----------------------------------------------------------
</TABLE>
<PAGE> 20
<TABLE>
<S> <C>
IV. CALCULATION OF INTEREST, FEES AND DEFAULTS
Y Monthly Interest 4,305,861.38
Z + AA + AB
Z Aggregate Discount Amt. to Columbus Cert. Holders (current period) 0.00
AA Unreimbursed Aggregate Disc Amt. to Columbus Cert. Holders (prev. periods) 0.00
AB Aggregate Columbus & Maturity Interest Amt. 4,305,861.38
(AF x AH x AJ/360 +AK) + (AG x AI x AJ/360 + AL)
AC Composite Rate 0.00%
AD Spread to Composite Rate (Extended Columbus Certficates) 0.15%
AE Spread to Composite Rate (Maturity Certficates) 0.20%
AF Certificate Rate (Extended Columbus Certficates) 0.15%
AC + AD
AG Certificate Rate (Maturity Certficates) 0.20%
AC + AE
AH Average Extended Columbus Certificate Outstanding in Interest Period 0.00
AI Average Maturity Certificate Outstanding in Interest Period 0.00
AJ Number of Days in Interest Period 30
AK Accured but Unpaid Columbus Interest Amt. from prev. periods. 0.00
AL Accured but Unpaid Maturity Certificate Interest Amt. from prev. periods. 0.00
AM Is the Seller, Trustee or Agent of the Trustee acting as Servicer? (Y/N) Y
AN Net Servicing Fee Rate 2.00%
AO Investor Servicing Fee 833,333.33
AN x H/12
AP Investor Servicing Fee prev. due but unpaid 0.00
AQ Investor Default Amount Current Period 3,033,174.83
D x Q
AR Uncovered Investor Default Prev. Periods 0.00
AS EIA Monthly Servicing Fee 0.00
I x AN/12
AX EIA Monthly Interest Due 0.00
AY EIA Monthly Allocated Defaults 0.00
V. CERTIFICATES OUTSTANDING
AZ Columbus Certificate Invested Amount (BOM) 500,000,000.0
BA Maturity Invested Amount (BOM) 0.0
BB Invested Amount (BOM) 500,000,000.0
AZ + BA
BC Allocated Monthly Principal 0.00
If BS = R then 0 otherwise B x R
BD Shared Principal Collections 0.00
BE Invested Amount (EOM) 500,000,000.00
BB - BC - BD
VI. CASH COLLATERAL ACCOUNT ("CCA")
BF Cash In CCA (BOM) 52,500,000.00
BG CCA Deposits 0.00
BH CCA Withdrawals 0.00
BI Cash In CCA (E\OM) 52,500,000.00
BF + BG - BH
VII. REQUIRED RESERVE ACCOUNT
BJ Reserve Account Funding Date Three months prior to March 2001
BK Invested Amount Required for Reserve Account 0.00
BL Required Reserve Account Factor 0.25%
BM Required Reserve Account Amount 0.00
BK x BL
BN Balance in Reserve Account (BOM) 0.00
BO Required Reserve Account Deposit 0.00
BM - BN
</TABLE>
<PAGE> 21
<TABLE>
<S> <C>
VIII ECONOMIC TRUST CONDITIONS TO ISSUANCE
BP Surplus Finance Charge Collection History
Surplus Finance Charge Collection Yield
Current Month 0.00%
1 Month Ago 0.00%
2 Months Ago 0.00%
Average 0.00%
Average must be greater than 2.0%) --- FAIL
BQ Series Weighted Average Coupon (per CTM Report) 5.5470%
(Must be less than 10.0%) --- PASS
BR Monthly Principal Rate
Current Month 12.49%
1 Month Ago 12.83%
2 Months Ago 11.03%
Average 12.11%
Average must be greater than 9.0%) --- PASS
BS Period Type: (R)evolving, (C)lass Amortization, (L)imted Amortization, R
(S)eries Accumulation, (E)conomic Payout Event
VIII SPREAD ACCOUNT
BT Beginning Spread Account Balance 0.00
BU Required Spread Account Balance 5,000,000.00
BV Required Spread Account Draw 0.00
BW Required Spread Account Deposit 5,000,000.00
BX Spread Account Surplus 0.00
BY Spread Account Deposit (481,521.12)
</TABLE>
<PAGE> 1
EXHIBIT 99.2
THIS DOCUMENT IS A COPY OF THE EXHIBIT 99.2
FILED ON MAY 31, 1996 PURSUANT TO A
RULE 201 TEMPORARY HARDSHIP EXEMPTION
<PAGE> 2
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1994-A
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1994-A Supplement (as amended and
supplemented, the "Series Supplement"), between Bank One, as Seller and
Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default.].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other pursuant to the Agreement. [or,
if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
<PAGE> 3
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1994-B
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1994-B Supplement (as amended and
supplemented, the "Series Supplement"), between Bank One, as Seller and
Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default.].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other pursuant to the Agreement. [or,
if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
<PAGE> 4
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1994-C
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1994-C Supplement (as amended and
supplemented, the "Series Supplement"), between Bank One, as Seller and
Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default.].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other pursuant to the Agreement. [or,
if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
<PAGE> 5
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1995-A
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1995-A Supplement (as amended and
supplemented, the "Series Supplement"), between Bank One, as Seller and
Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default.].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other pursuant to the Agreement. [or,
if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
<PAGE> 6
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1995-B
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1995-B Supplement (as amended and
supplemented, the "Series Supplement"), between Bank One, as Seller and
Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default.].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other pursuant to the Agreement. [or,
if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
<PAGE> 7
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996-A
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1996-A Supplement dated as of March
27, 1996 (as amended and supplemented, the "Series Supplement"), between Bank
One, as Seller and Servicer, and Bankers Trust Company, as Trustee, does hereby
certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default; if applicable].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other than pursuant to the Agreement.
[or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
<PAGE> 8
MONTHLY SERVICER'S CERTIFICATE
BANK ONE, COLUMBUS, NA
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996-1
The undersigned, a duly authorized representative of BANK ONE,
COLUMBUS, NA, as Servicer ("Bank One"), pursuant to the Pooling and Servicing
Agreement dated as of November 1, 1994 (as amended and supplemented, the
"Agreement"), as supplemented by the Series 1996-1 Supplement (as amended and
supplemented, the "Series Supplement"), between Bank One, as Seller and
Servicer, and Bankers Trust Company, as Trustee, does hereby certify as follows:
1.Capitalized terms used in this Certificate have their respective
meanings as set forth in the agreement or Series Supplement, as applicable.
2.Bank One is, as of the date hereof, the Servicer under the Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution Date occuring on May 15,
1996.
5.As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under the
Agreement through the Monthly Period preceding such Distribution Date. [Or if
there has been a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by the Seller and
Servicer, if any, to remedy such default and (iii) the current status of each
such default.].
6.As of the date hereof, to the best knowledge of the undersigned, no Pay
Out Event occurred on or prior to such Distribution Date.
7.As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other than pursuant to the Agreement.
[or, if there is a Lien, such Lien consists of]
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 12th day of May 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By:
/s/ Gary M. Unser
------------------
Name: Gary M. Unser
Title: Officer
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