<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
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):
September 16, 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: Thomas Ferree, Westerville, Ohio 43081
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(614) 248-3404
<PAGE> 2
ITEM 5. OTHER EVENTS
On September 16, 1996, the Banc One Credit Card Master Trust (the "Trust") made
a regular monthly distribution of principal and/or interest to holders of the
following Certificates issued by the Trust, each of which is included in Group
One and is a Principal Sharing Series:
7.15% Class A Asset Backed Certificates, Series 1994-A
7.35% Class B Asset Backed Certificates, Series 1994-A
7.55% Class A Asset Backed Certificates, Series 1994-B
7.75% Class B Asset Backed Certificates, Series 1994-B
7.80% Class A Asset Backed Certificates, Series 1994-C
8.00% Class B Asset Backed Certificates, Series 1994-C
6.15% Class A Asset Backed Certificates, Series 1995-A
6.30% Class B Asset Backed Certificates, Series 1995-A
6.30% Class A Asset Backed Certificates, Series 1995-B
6.45% Class B Asset Backed Certificates, Series 1995-B
Floating Rate Class A Asset Backed Certificates, Series 1996-A
Floating Rate Class B Asset Backed Certificates, Series 1996-A
Asset Backed Certificates, Series 1996-1
Exhibit 99-1 of this Form 8-K, being the statements for the monthly period ended
August 31, 1996 for each of the above Series (the "Monthly Statements"), were
distributed to certificateholders of record of the related Series on or about
September 16, 1996. Exhibit 99-2 of this Form 8-K includes the Monthly
Servicer's Certificate for each Series.
ITEM 7. EXHIBITS
See page 4 for Exhibit Index.
<PAGE> 3
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 hereunto duly authorized.
BANC ONE CREDIT CARD MASTER TRUST
Date: September 11, 1996 By: s/Thomas Ferree
---------------
Name: Thomas Ferree
-------------
Title: Senior Vice President
---------------------
BANK ONE, COLUMBUS, NA
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Description Page
- ------- ----------- ----
<C> <C> <C>
99.1 The Monthly Statements and other information reflecting the Trust's
Activities for the Monthly Period ending August 31, 1996................ 5-21
99.2 Monthly Servicer's Certificates......................................... 22-28
</TABLE>
<PAGE> 1
EXHIBIT 99.1
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 16-Sep-96 For the Monthly Period Ending: 31-Aug-96 Days in Interest Period (30/360)
Determined as of: 11-Sep-96 Monthly Period 22 Days in Interest Period (Act/360)
Beginning Total Trust Investor Interest Series 1994-A Series 1994-B Series 1994-C Series 1995-A
- ----------------------------- ---------------- ----------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Pool Balance (Principal) 4,346,736,961.58
Finance Charges O/S 81,660,435.56
Excess Funding Account 0.00
Initial Invested Amount 3,760,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Invested Amount 3,290,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Class A Invested Amount 564,000,000.00 893,000,000.00 423,000,000.00 357,200,000.00
Class B Invested Amount 36,000,000.00 57,000,000.00 27,000,000.00 22,800,000.00
Principal Funding Account 331,000.00 0.00 0.00 0.00 0.00
Adjusted Invested Amount 3,289,669,000.00 600,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 564,000,000.00 893,000,000.00 423,000,000.00 357,200,000.00
Class B Adjusted Invested Amt 36,000,000.00 57,000,000.00 27,000,000.00 22,800,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 86.50% 13.80% 21.86% 10.35% 8.74%
Principal Collections 494,514,037.47 427,762,893.71 68,260,036.23 108,078,390.70 51,195,027.17 43,231,356.28
Floating Allocation Pct 110.82% 86.50% 13.80% 21.86% 10.35% 8.74%
Finance Charge Collections 65,334,400.89 56,515,346.92 9,018,406.42 14,279,143.50 6,763,804.82 5,711,657.40
Defaulted Amount 27,744,998.69 23,999,886.81 3,829,769.17 6,063,801.19 2,872,326.88 2,425,520.48
Interchange Collections 6,142,411.83 5,313,288.72 847,865.22 1,342,453.27 635,898.92 536,981.31
Servicer Interchange 3,916,666.67 625,000.00 989,583.33 468,750.00 395,833.33
Shared Principal Collections 422,093,780.52 72,089,805.40 114,142,191.89 54,067,354.05 45,656,876.75
Ending Total Trust Investor Interest Series 1994-A Series 1994-B Series 1994-C Series 1995-A
- ----------------------------- ---------------- ----------------- -------------- -------------- -------------- --------------
Pool Balance (Principal) 4,404,073,898.36
Finance Charges O/S 83,937,916.33
Excess Funding Account 0.00
Initial Invested Amount 3,260,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Invested Amount 3,260,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Class A Invested Amount 564,000,000.00 893,000,000.00 423,000,000.00 357,200,000.00
Class B Invested Amount 36,000,000.00 57,000,000.00 27,000,000.00 22,800,000.00
Principal Funding Account 0.00 0.00 0.00 0.00 0.00
Adjusted Invested Amount 3,260,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00 380,000,000.00
Class A Adjusted Invested Amt 564,000,000.00 893,000,000.00 423,000,000.00 357,200,000.00
Class B Adjusted Invested Amt 36,000,000.00 57,000,000.00 27,000,000.00 22,800,000.00
Enhancement Invested Amount 0.00 0.00 0.00 0.00 0.00
Principal Allocation Pct 100.00% 74.02% 13.62% 21.57% 10.22% 8.63%
Floating Allocation Pct 100.00% 74.02% 13.62% 21.57% 10.22% 8.63%
</TABLE>
<TABLE>
<CAPTION>
Distribution Date of:
Determined as of:
Beginning Series 1995-B Series 1996-A Series 1996-1 Seller Interest
- ----------------------------- -------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C>
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 380,000,000.00 500,000,000.00 500,000,000.00
Invested Amount 380,000,000.00 500,000,000.00 30,000,000.00
Class A Invested Amount 357,200,000.00 465,000,000.00 30,000,000.00
Class B Invested Amount 22,800,000.00 35,000,000.00 n/a
Principal Funding Account 0.00 0.00 331,000.00
Adjusted Invested Amount 380,000,000.00 500,000,000.00 29,669,000.00 1,057,067,961.58
Class A Adjusted Invested Amt 357,200,000.00 465,000,000.00 29,669,000.00 NA
Class B Adjusted Invested Amt 22,800,000.00 35,000,000.00 n/a NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 8.74% 11.50% 11.50% 13.50%
Principal Collections 43,231,356.28 56,883,363.53 56,883,363.53 66,751,143.76
Floating Allocation Pct 8.74% 11.50% 11.50% 24.32%
Finance Charge Collections 5,711,657.40 7,515,338.69 7,515,338.69 15,888,447.49
Defaulted Amount 2,425,520.48 3,191,474.31 3,191,474.31 6,747,210.49
Interchange Collections 536,981.31 706,554.35 706,554.35
Servicer Interchange 395,833.33 520,833.33 520,833.33
Shared Principal Collections 45,656,876.75 60,074,837.84 30,405,837.84
Ending Series 1995-B Series 1996-A Series 1996-1 Seller Interest
- ----------------------------- -------------- -------------- -------------- ---------------
Pool Balance (Principal)
Finance Charges O/S
Excess Funding Account
Initial Invested Amount 380,000,000.00 500,000,000.00 0.00
Invested Amount 380,000,000.00 500,000,000.00 0.00
Class A Invested Amount 357,200,000.00 465,000,000.00 0.00
Class B Invested Amount 22,800,000.00 35,000,000.00 n/a
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 500,000,000.00 0.00 1,144,073,898.36
Class A Adjusted Invested Amt 357,200,000.00 465,000,000.00 0.00 NA
Class B Adjusted Invested Amt 22,800,000.00 35,000,000.00 n/a NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 8.63% 11.35% 0.00% 25.98%
Floating Allocation Pct 8.63% 11.35% 0.00% 25.98%
</TABLE>
<PAGE> 2
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<S> <C>
Distribution Date of: 16-Sep. 96 For The Monthly Period Ending:
Determined as of: 11-Sep. 96 Monthly Period
Minimum Balance Requirement
- ---------------------------
Trust Initial Invested Amount 3,260,000,000.00
Trust PFA 0.00
Ending Portfolio Principal Balance 4,404,073,898.36
Beginning Excess Funding Acct Bal 0.00
Required Excess Funding Account Deposit 0.00
Excess Funding Account Withdrawal 0.00
Seller's Participation Amt (w/o EFA) 1,144,073,898.36
Required Seller's Interest 308,285,172.89
Required Excess Funding Account Balance 0.00
Seller's Participation Amount 1,144,073,898.36
</TABLE>
31-Aug-96 Days in Interest Period (30/360) 30
22 Days in Interest Period (Act/360) 32
<TABLE>
<CAPTION>
Gross Balances of
Accounts Delinquent: (%) ($)
- --------------------- ----- ----------------
<S> <C> <C>
30 - 59 days 1.77% 79,423,659.29
60 - 89 days 1.22% 54,749,810.59
90 days + 2.07% 92,993,546.82
Total 30 days + 5.06% 227,167,016.70
Gross Credit Losses 8.09% 29,296,716.72
Net Credit Losses 7.66% 27,744,998.69
Discount Option Receivables 0
Discount Percentage 0.00%
Finance Charge Billed - pool 57,162,898.57
Fees Billed - pool 6,337,990.98
Required Principal Balance 3,260,000,000.00
EFA + Receivables + PFA 4,404,073,898.36
</TABLE>
<PAGE> 3
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
-----------------------------------
Series 1994-A Series Offset 0
-----------------------------------
<TABLE>
<S> <C> <C> <C> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
Beginning Ending Change
---------------- ---------------- -------------
Pool Balance (Principal) 4,346,736,961.58 4,404,073,898.36 57,336,936.78
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 612,412.95 1,000,000.00 387,587.05
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 15,269,696.32 15,962,782.98 693,086.66
Servicing Base Amount 600,000,000.00 600,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 13.80%
Principal Allocation Pct 13.80%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1994-A Class A Class B
- ----------- -------------- ------------- ------------- ------------
Principal Collections 494,514,037.47 68,260,036.23 64,164,434.06 4,095,602.17
Finance Charge Collections 65,334,400.89 9,018,406.42 8,477,302.04 541,104.39
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------
Available Funds 9,018,406.42 8,477,302.04 541,104.39
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 27,744,998.69 3,829,769.17 3,599,983.02 229,786.15
---------------------------------------------------
8,410,769.17 7,900,483.02 510,286.15
Excess Spread 607,637.25 576,819.02 30,818.24
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 7,092.12
Risk-Free Fee 4,071.92
Monthly Cash Collateral Fee 11,164.04
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
Cash Collateral Account (continued)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 1.00%
Principal Payment Rate Calculation 11.74%
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 15,269,696.32
Required Spread Account Amount 18,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 2,730,303.68
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 72,089,805.40
Principal Shortfall 0.00
Shared Principal to Other Series 72,089,805.40
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 3,289,669,000.00
Class A Invested Amount 564,000,000.00
Available Principal 362,689,778.77
Class A Accumulation Period Length 2
Reserve Account
- ---------------
Available Reserve Account Amount 612,412.95
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.57%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 2.34%
Reserve Account Funding Period Length 2
Reserve Account Funding Date 15-Aug-96
Weighted Average Coupon 7.16%
Required Reserve Account Amount 1,000,000.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 387,587.05
Portfolio Yield - 3 month average 11.61%
Base Rate - 3 month average 9.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.44%
</TABLE>
<PAGE> 5
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
-----------------------------------
Series 1994-B Series Offset 1
-----------------------------------
<TABLE>
<S> <C> <C> <C> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
Beginning Ending Change
---------------- ---------------- -------------
Pool Balance (Principal) 4,346,736,961.58 4,404,073,898.36 57,336,936.78
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 25,709,055.60 26,811,839.03 1,102,783.43
Servicing Base Amount 950,000,000.00 950,000,000.00 0.00
Allocation Percentages
Floating Allocation Pct 21.86%
Principal Allocation Pct 21.86%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1994-B Class A Class B
- ----------- --------------- -------------- -------------- ------------
Principal Collections 494,514,037.47 108,078,390.70 101,593,687.26 6,484,703.44
Finance Charge Collections 65,334,400.89 14,279,143.50 13,422,394.89 856,748.61
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------------------------------- ------------
Available Funds 14,279,143.50 13,422,394.89 856,748.61
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 27,744,998.69 6,063,801.19 5,699,973.12 363,828.07
------------------------------------- ------------
13,633,717.86 12,806,764.78 826,953.07
Excess Spread 645,425.65 615,630.11 29,795.54
Required Amount 0.00 0.00 0.00
Cash Collateral Account
Cash Collateral Fee 10,616.38
Risk-Free Fee 6,855.75
Monthly Cash Collateral Fee 17,472.13
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
Cash Collateral Account (continued)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 0.60%
Principal Payment Rate Calculation 11.74%
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 25,709,055.60
Required Spread Account Amount 28,500,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 2,790,944.40
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 297,666,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 114,142,191.89
Principal Shortfall 0.00
Shared Principal to Other Series 114,142,191.89
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 2,660,000,000.00
Class A Invested Amount 893,000,000.00
Available Principal 293,268,049.62
Class A Accumulation Period Length 4
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.57%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 1.94%
Reserve Account Funding Period Length 4
Reserve Account Funding Date 15-Apr-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 11.61%
Base Rate - 3 month average 9.56%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.04%
</TABLE>
<PAGE> 7
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
-----------------------------------
Series 1994-C Series Offset 2
-----------------------------------
<TABLE>
<S> <C> <C> <C> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
Beginning Ending Change
---------------- ---------------- -------------
Pool Balance (Principal) 4,346,736,961.58 4,404,073,898.36 57,336,936.78
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 12,645,643.71 13,014,089.95 368,446.24
Servicing Base Amount 450,000,000.00 450,000,000.00 0.00
Allocation Percentages
Floating Allocation Pct 10.35%
Principal Allocation Pct 10.35%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1994-C Class A Class B
- ----------- -------------- ------------- ------------- -------------
Principal Collections 494,514,037.47 51,195,027.17 48,123,325.54 3,071,701.63
Finance Charge Collections 65,334,400.89 6,763,804.82 6,357,976.53 405,828.29
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
--------------------- ------------- -------------
Available Funds 6,763,804.82 6,357,976.53 405,828.29
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 27,744,998.69 2,872,326.88 2,699,987.27 172,339.61
--------------------- ------------- -------------
6,551,826.88 6,154,487.27 397,339.61
Excess Spread 211,977.94 203,489.26 8,488.68
Required Amount 0.00 0.00 0.00
Cash Collateral Account
Cash Collateral Fee 6,379.71
Risk-Free Fee 3,372.17
Monthly Cash Collateral Fee 9,751.89
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
Cash Collateral Account (continued)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 0.35%
Principal Payment Rate Calculation 11.74%
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 12,645,643.71
Required Spread Account Amount 13,500,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 854,356.29
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 211,500,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 54,067,354.05
Principal Shortfall 0.00
Shared Principal to Other Series 54,067,354.05
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 1,710,000,000.00
Class A Invested Amount 423,000,000.00
Available Principal 188,529,460.47
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 11.57%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 1.69%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Jun-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 11.61%
Base Rate - 3 month average 9.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 1.79%
</TABLE>
<PAGE> 9
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
-----------------------------------
SERIES 1995-A Series Offset 3
-----------------------------------
<TABLE>
<S> <C> <C> <C> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
Beginning Ending Change
---------------- ---------------- -------------
Pool Balance (Principal) 4,346,736,961.58 4,404,073,898.36 57,336,936.78
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 8,149,197.08 7,600,000.00 (549,197.08)
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
Floating Allocation Pct 8.74%
Principal Allocation Pct 8.74%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
Series
Allocations Trust 1995-A Class A Class B
- ----------- -------------- ---------------- ---------------- -------------
Principal Collections 494,514,037.47 43,231,356.28 40,637,474.90 2,593,881.38
Finance Charge Collections 65,334,400.89 5,711,657.40 5,368,957.96 342,699.44
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------- ---------------- -------------
Available Funds 5,711,657.40 5,368,957.96 342,699.44
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 27,744,998.69 2,425,520.48 2,279,989.25 145,531.23
---------------- ---------------- -------------
5,009,203.81 4,705,972.58 303,231.23
Excess Spread 847,984.82 662,985.38 184,999.44
Required Amount 0.00 0.00 0.00
Cash Collateral Account
Cash Collateral Fee 5,667.02
Risk-Free Fee 2,173.12
Monthly Cash Collateral Fee 7,840.14
</TABLE>
<PAGE> 10
<TABLE>
<S> <C>
Cash Collateral Account (continued)
Quarterly Excess Spread Percentage 2.00%
Principal Payment Rate Calculation 11.74%
Base Spread Account Cap 2.00%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 2.00%
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 8,149,197.08
Required Spread Account Amount 7,600,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 549,197.08
Monthly Principal & Controlled Deposit Amount
Month of Accumulation 0
Controlled Accumulation Amount 178,600,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 45,656,876.75
Principal Shortfall 0.00
Shared Principal to Other Series 45,656,876.75
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 1,260,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 138,916,444.56
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 11.57%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 3.35%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Jan-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 11.61%
Base Rate - 3 month average 8.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.45%
</TABLE>
<PAGE> 11
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
-----------------------------------
SERIES 1995-B Series Offset 4
-----------------------------------
<TABLE>
<S> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
</TABLE>
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,346,736,961.58 4,404,073,898.36 57,336,936.78
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 9,509,486.52 10,991,428.01 1,481,941.49
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
ALLOCATION PERCENTAGES
Floating Allocation Pct 8.74%
Principal Allocation Pct 8.74%
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 1995-B Class A Class B
----------- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 494,514,037.47 43,231,356.28 40,637,474.90 2,593,881.38
Finance Charge Collections 65,334,400.89 5,711,657.40 5,368,957.96 342,699.44
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
-------------------------------------------------------------------------
Available Funds 5,711,657.40 5,368,957.96 342,699.44
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 27,744,998.69 2,425,520.48 2,279,989.25 145,531.23
-------------------------------------------------------------------------
5,056,703.81 4,750,622.58 306,081.23
Excess Spread 800,484.82 618,335.38 182,149.44
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
Cash Collateral Fee 4,657.45
Risk-Free Fee 2,535.86
Monthly Cash Collateral Fee 7,193.32
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
----------------------- -----------
<S> <C>
Quarterly Excess Spread Percentage 1.85%
Principal Payment Rate Calculation 11.74%
Base Spread Account Cap 3.75%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 3.75%
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 9,509,486.52
Required Spread Account Amount 14,250,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 4,740,513.48
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 119,066,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 45,656,876.75
Principal Shortfall 0.00
Shared Principal to Other Series 45,656,876.75
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 880,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 97,021,008.90
Class A Accumulation Period Length 4
RESERVE ACCOUNT
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.57%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 3.20%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Mar-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 11.61%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.30%
</TABLE>
<PAGE> 13
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
------------------------------------------
SERIES 1996-A Series Offset 5
------------------------------------------
<TABLE>
<S> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 32
</TABLE>
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,346,736,961.58 4,404,073,898.36 57,336,936.78
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 6,475,394.99 9,707,811.98 3,232,416.99
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
ALLOCATION PERCENTAGES
----------------------
Floating Allocation Pct 11.50%
Principal Allocation Pct 11.50%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
</TABLE>
<TABLE>
<CAPTION>
Series
ALLOCATIONS Trust 1996-A Class A Class B
----------- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 494,514,037.47 56,883,363.53 52,901,528.08 3,981,835.45
Finance Charge Collections 65,334,400.89 7,515,338.69 6,989,264.98 526,073.71
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------------------
Available Funds 7,515,338.69 6,989,264.98 526,073.71
MONTHLY INVESTOR OBLIGATIONS
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,511,391.11 2,331,977.07 179,414.04
Monthly Servicing Fee 312,500.00 290,625.00 21,875.00
Defaulted Amounts 27,744,998.69 3,191,474.31 2,968,071.11 223,403.20
---------------------------------------------------------------------------
6,536,198.75 6,075,048.17 461,150.58
Excess Spread 1,202,543.13 914,216.80 288,326.33
Required Amount 0.00 0.00 0.00
1 MONTH LIBOR RATE 5.42%
==================
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT
-----------------------
<S> <C>
Cash Collateral Fee 17,777.78
Quarterly Excess Spread Percentage 2.38%
Principal Payment Rate Calculation 11.74%
Base Spread Account Cap 4.00%
Spread Account Cap Adjustment 0.00%
Spread Account Cap Percentage 4.00%
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 6,475,394.99
Required Spread Account Amount 20,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 13,524,605.01
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 93,000,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 60,074,837.84
Principal Shortfall 0.00
Shared Principal to Other Series 60,074,837.84
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 465,000,000.00
Ending Class B Invested Amount 35,000,000.00
CLASS A ACCUMULATION PERIOD LENGTH
----------------------------------
Min 12 Month Historical Prin Pmt Rate 11.03%
Revolving Investor Interest 500,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 55,125,573.24
Class A Accumulation Period Length 9
RESERVE ACCOUNT
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 11.57%
Reserve Account Factor 75.00%
Portfolio Adjusted Yield 3.74%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-2002
Weighted Average Coupon 6.03%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.61%
Base Rate - 3 month average 7.76%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.84%
</TABLE>
<PAGE> 15
BANC ONE CREDIT CARD MASTER TRUST
SERIES 1996 - 1
SERVICER REPORT
---------------
Series Offset 6
---------------
<TABLE>
<S> <C>
Distribution Date of: 16-Sep-96
Determined as of: 11-Sep-96
For the Monthly Period Ending: 31-Aug-96
I. TRUST STATUS
A Total Principal ReceivablesTrust Outstanding (BOM) 4,346,736,961.58
B Principal Receivables Collections 494,514,037.47
C Finance Charge Receivables Collections 59,191,989.07
does not include interchange
D Default Receivables 27,744,998.69
E New Charges not available
F Interchange Collection 6,142,411.83
G Total Principal ReceivablesTrust Outstanding (EOM) 4,404,073,898.36
II. ALLOCATION PERCENTAGES
H Invested Amount (BOM) 500,000,000.00
BD
I Enhancement Invested Amount (BOM) 0.00
J Enhancement Initial 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") 11.50%
Min{ (H + I)/(A + P),100% }
R Principal Allocation Percentage ("PAP") 11.50%
Min{ H/(A + P),100% }
</TABLE>
<TABLE>
<CAPTION>
III. ALLOCATION & DISTRIBUTION OF COLLECTIONS TO SERIES 1996 - 1
-----------------------------------------------------------
<S> <C> <C> <C>
S Allocated Finance Charge Collections 7,515,338.69
(F + C) x Q
T Allocated Finance Charge Collections Distribution
Available Cash Amt Due
----------------------------------
1 Monthly Interest 7,515,338.69 817,178.69
2 Investor Servicing Fee 6,698,160.00 833,333.33
3 Investor Servicing Fee prev. due but unpaid 5,864,826.66 0.00
4 Investor Default Coverage Current Period 5,864,826.66 3,191,474.31
5 Uncovered Investor Default Prev. Periods 2,673,352.35 0.00
6 EIA Monthly Servicing Fee 2,673,352.35 0.00
7 Monthly Liquidity Fee 2,673,352.35 16,666.67
8 Monthly Cash Collateral Fee 2,656,685.69 21,875.00
9 EIA Monthly Interest 2,634,810.69 0.00
10 EIA Default Amount 2,634,810.69 0.00
11 Interest Payments on Maturity Purchase Amount Interest 2,634,810.69 0.00
12 Overdue Interest of PAI 2,634,810.69 0.00
13 Unreimbursed Enhancement Investment Amount Reductions 2,634,810.69 0.00
14 To Cash Collateral Account (Prior to EPOE) 2,634,810.69 0.00
15 To Required Reserve Account 2,634,810.69 0.00
16 Other Amounts to Maturity Certificates Purchaser 2,634,810.69 0.00
17 Other Amounts due to the Cash Collateral Depositor 2,634,810.69 0.00
----------------------------------
18 Excess Finance Charges 2,634,810.69
U Allocated Principal Collections 56,883,363.53
B x R
V Other Principal Collections 0.00
W Available Invested Principal Collections 56,883,363.53
U + V
X Available Invested Principal Collections Distribution
Available Cash Amt Due
----------------------------------
1 Monthly Principal 56,883,363.53 0
2 EIA Monthly Principal 0.00 0
----------------------------------
</TABLE>
<TABLE>
<CAPTION>
III. ALLOCATION & DISTRIBUTION OF COLLECTIONS TO SERIES 1996 - 1
-----------------------------------------------------------
<S> <C> <C> <C>
S Allocated Finance Charge Collections
(F + C) x Q
T Allocated Finance Charge Collections Distribution
Amount Paid Shortfall
-----------------------
1 Monthly Interest 817,178.69 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 3,191,474.31 0.00
5 Uncovered Investor Default Prev. Periods 0.00 0.00
6 EIA Monthly Servicing Fee 0.00 0.00
7 Monthly Liquidity Fee 16,666.67 0.00
8 Monthly Cash Collateral Fee 21,875.00 0.00
9 EIA Monthly Interest
10 EIA Default Amount 0.00 0.00
11 Interest Payments on Maturity Purchase Amount Interest 0.00 0.00 Input (in Amt Due column)
12 Overdue Interest of PAI Input (in Amt Due column)
13 Unreimbursed Enhancement Investment Amount Reductions 0.00 0.00 Input (in Amt Due column)
14 To Cash Collateral Account (Prior to EPOE) 0.00 0.00 Input (in Amt Due column)
15 To Required Reserve Account 0.00 0.00
16 Other Amounts to Maturity Certificates Purchaser Input (in Amt Due column)
17 Other Amounts due to the Cash Collateral Depositor 0.00 0.00 Input (in Amt Due column)
-----------------------
18 Excess Finance Charges
U Allocated Principal Collections
B x R
V Other Principal Collections
W Available Invested Principal Collections
U + V
X Available Invested Principal Collections Distribution
Amount Paid Shortfall
-----------------------
1 Monthly Principal 0.00 0.00
2 EIA Monthly Principal 0.00 0.00
-----------------------
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
IV. CALCULATION OF INTEREST, FEES AND DEFAULTS
<S> <C>
Y Monthly Interest 817,178.69
Z + AA + AB
Z Aggregate Discount Amt. to Columbus Cert. Holders (current period) 817,178.69
AA Unreimbursed Aggregate Disc Amt. to Columbus Cert. Holders (prev. periods) 0.00
AB Aggregate Columbus & Maturity Interest Amt. 0.00
(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 31
AK Accrued but Unpaid Columbus Interest Amt. from prev. periods. 0.00
AL Accrued 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 3,191,474.31
D x Q
AR Uncovered Investor Default Prev. Periods 0.00
AS EIA Monthly Servicing Fee 0.00
I x AN/12
AT Cash Collateral Fee Rate 0.50%
AU Cash In CCA (BOM) 52,500,000.00
BH
AV Monthly Cash Collateral Fee 21,875.00
AT x AU/12
AW Liquidity Fee Rate 0.10%
AX Commited but unused Maturity Certificate Purchase Facility 200,000,000.00
(intially 200,000,000)
AY Monthly Liquidity Fee 16,666.67
AW x AX/12
AZ EIA Monthly Interest Due 0.00
BA EIA Monthly Allocated Defaults 0.00
V. CERTIFICATES OUTSTANDING
BB Columbus Certificate Invested Amount (BOM) 30,000,000.0
BC Maturity Invested Amount (BOM) 0.0
BD Invested Amount (BOM) 30,000,000.0
BB + BC
BE Allocated Monthly Principal 60,074,837.84
If BU = R then 0 otherwise B x R
BF Shared Principal Collections 0.00
BG Invested Amount (EOM) 0.00
BD - BE - BF
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
VI. CASH COLLATERAL ACCOUNT ("CCA")
<S> <C>
BH Cash In CCA (BOM) 52,500,000.00
BI CCA Deposits 0.00
BJ CCA Withdrawals 0.00
BK Cash In CCA (E\OM) 52,500,000.00
BH + BI - BJ
VII. REQUIRED RESERVE ACCOUNT
BL Reserve Account Funding Date 15-Aug-96
BM Invested Amount Required for Reserve Account 500,000,000.00
BN Required Reserve Account Factor 0.25%
BO Required Reserve Account Amount 0.00
BM x BN
BP Balance in Reserve Account (BOM) 1,250,000.00
BQ Required Reserve Account Deposit / (Surplus) (1,250,000.00)
BO - BP
VIII ECONOMIC TRUST CONDITIONS TO ISSUANCE
BR Surplus Finance Charge Collection History (excess not allocated)
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% - or CB *** PASS
must be Pass)
BS Series Weighted Average Coupon (per CTM Report) 5.4580%
(Must be less than 10.0%) *** PASS
BT Monthly Principal Rate
Current Month 11.38%
1 Month Ago 11.89%
2 Months Ago 11.97%
Average 11.74%
Average must be greater than 9.0%) *** PASS
BU Period Type: (R)evolving, (C)lass Amortization, (L)imted Amortization, L
(S)eries Accumulation, (E)conomic Payout Event
IX SPREAD ACCOUNT
BV Beginning Spread Account Balance 5,000,000.00
BW Required Spread Account Balance 0.00
BX Required Spread Account Draw 0.00
BY Required Spread Account Deposit 0.00
BZ Spread Account Surplus 5,000,000.00
CA Spread Account Deposit 0.00
</TABLE>
<TABLE>
<CAPTION>
X PAYOUT EVENT
CB Portfolio Yield - Base Rate = Net
Portfolio Yield Base Rate Net
--------------- --------- ---
<S> <C> <C> <C>
Current Month 10.38% 3.96% 6.42%
1 Month Ago 10.11% 5.37% 4.74%
2 Months Ago 10.07% 7.11% 2.96%
Average 10.18% 5.48% 4.70%
(Average must be equal or greater than 2.0%) *** PASS
</TABLE>
<PAGE> 1
EXHIBIT 99.2
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
16-Sep-96.
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 11th day of September 1996 .
---- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
-----------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 2
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
16-Sep-96.
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 11th day of September 1996 .
-------- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
-----------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 3
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
16-Sep-96.
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 11th day of September 1996 .
---- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
----------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 4
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
16-Sep-96.
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 11th day of September 1996 .
---- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
--------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 5
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
16-Sep-96.
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 11th day of September 1996 .
---- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
--------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 6
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
16-Sep-96.
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 11th day of September 1996 .
---- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
------------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 7
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
16-Sep-96.
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
Class Pay Out Event has been deemed to have occurred on or prior to such
Distribution Date.
7. As of the date hereof, to the best knowledge of the undersigned, no
Pay Out Event has been deemed to have occurred on or prior to such
Distribution Date.
8. 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 11th day of September 1996 .
---- --------------
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ THOMAS FERREE
------------------------------------------------
Name: Thomas Ferree
Title: Senior Vice President
