<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):
October 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: 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 October 15, 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
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: October 9, 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
- ------- ----------- ----
<S> <C> <C>
99.1 The Monthly Statements and other information reflecting the Trust's
Activities for the Monthly Period ending September 30, 1996. ...............................5-18
99.2 Monthly Servicer's Certificates.............................................................19-24
</TABLE>
<PAGE> 5
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 15-Oct-96 For the Monthly Period Ending: 30-Sep-96 Days in Interest Period (30/360)
Determined as of: 09-Oct-95 Monthly Period 23 Days in Interest Period (Act/360)
BEGINNING TOTAL TRUST INVESTOR INTEREST SERIES 1994-A SERIES 1994-B SERIES 1994-C
--------------------------------- ---------------- ----------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
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
Invested Amount 3,260,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
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 3,260,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
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% 74.02% 13.62% 21.57% 10.22%
Principal Collections 489,534,297.96 362,364,903.08 66,692,926.95 105,597,134.33 50,019,695.21
Floating Allocation Pct 100.00% 74.02% 13.62% 21.57% 10.22%
Finance Charge Collections 64,257,592.78 47,564,994.89 8,754,293.54 13,860,964.77 6,565,720.15
Defaulted Amount 25,776,713.02 19,080,534.61 3,511,754.84 5,560,278.49 2,633,816.13
Interchange Collections 5,738,010.98 4,247,411.88 781,732.25 1,237,742.73 586,299.19
Servicer Interchange 3,395,833.33 625,000.00 989,583.33 468,750.00
Shared Principal Collections 311,240,755.91 0.00 111,157,412.83 52,653,511.34
ENDING TOTAL TRUST INVESTOR INTEREST SERIES 1994-A SERIES 1994-B SERIES 1994-C
--------------------------------- ----------------- ----------------- -------------- -------------- --------------
Pool Balance (Principal) 4,372,236,147.37
Finance Charges O/S 86,337,483.35
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
Invested Amount 3,260,000,000.00 600,000,000.00 950,000,000.00 450,000,000.00
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 282,000,000.00 282,000,000.00 0.00 0.00
Adjusted Invested Amount 2,978,000,000.00 318,000,000.00 950,000,000.00 450,000,000.00
Class A Adjusted Invested Amt 282,000,000.00 893,000,000.00 423,000,000.00
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% 74.56% 13.72% 21.73% 10.29%
Floating Allocation Pct 100.00% 68.11% 7.27% 21.73% 10.29%
<CAPTION>
30
29
BEGINNING SERIES 1995-A SERIES 1995-B SERIES 1996-A SELLER INTEREST
--------------------------------- -------------- -------------- -------------- ---------------
<S> <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
Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00
Class A Invested Amount 357,200,000.00 357,200,000.00 465,000,000.00
Class B Invested Amount 22,800,000.00 22,800,000.00 35,000,000.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 1,144,073,898.36
Class A Adjusted Invested Amt 357,200,000.00 357,200,000.00 465,000,000.00 NA
Class B Adjusted Invested Amt 22,800,000.00 22,800,000.00 35,000,000.00 NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 8.63% 8.63% 11.35% 25.98%
Principal Collections 42,238,853.73 42,238,853.73 55,577,439.12 127,169,394.88
Floating Allocation Pct 8.63% 8.63% 11.35% 25.98%
Finance Charge Collections 5,544,385.91 5,544,385.91 7,295,244.61 16,692,597.89
Defaulted Amount 2,224,111.40 2,224,111.40 2,926,462.36 6,696,178.41
Interchange Collections 495,097.09 495,097.09 651,443.54
Servicer Interchange 395,833.33 395,833.33 520,833.33
Shared Principal Collections 44,462,965.13 44,462,965.13 58,503,901.49
ENDING SERIES 1995-A SERIES 1995-B SERIES 1996-A SELLER INTEREST
------------------------------ -------------- -------------- -------------- ---------------
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
Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00
Class A Invested Amount 357,200,000.00 357,200,000.00 465,000,000.00
Class B Invested Amount 22,800,000.00 22,800,000.00 35,000,000.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 380,000,000.00 380,000,000.00 500,000,000.00 1,394,236,147.37
Class A Adjusted Invested Amt 357,200,000.00 357,200,000.00 465,000,000.00 NA
Class B Adjusted Invested Amt 22,800,000.00 22,800,000.00 35,000,000.00 NA
Enhancement Invested Amount 0.00 0.00 0.00 NA
Principal Allocation Pct 8.69% 8.69% 11.44% 25.44%
Floating Allocation Pct 8.69% 8.69% 11.44% 31.89%
</TABLE>
<PAGE> 6
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 15-Oct-96 For the Monthly Period Ending: 30-Sep-96 Days in Interest Period (30/360) 30
Determined as of: 09-Oct-96 Monthly Period 23 Days in Interest Period (Act/360) 29
<S> <C> <C> <C> <C>
GROSS BALANCES OF
MINIMUM BALANCE REQUIREMENT ACCOUNTS DELINQUENT: (%) ($)
--------------------------- -------------------- ----- --------------
Trust Initial Invested Amount 3,260,000,000.00 30 - 59 days 1.86% 82,747,921.93
Trust PFA 282,000,000.00 60 - 89 days 1.21% 54,122,220.14
Ending Portfolio Principal Balance 4,372,236,147.37 90 days + 2.31% 103,200,556.56
Total 30 days + 5.38% 240,070,698.63
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) 1,394,236,147.37 Gross Credit Losses 7.45% 27,331,978.00
Required Seller's Interest 306,056,530.32 Net Credit Losses 7.02% 25,776,713.02
Required Excess Funding Account Balance 0.00 Discount Option Receivables 0
Seller's Participation Amount 1,394,236,147.37 Discount Percentage 0.00%
Seller's Participation Amount 1,394,236,147.37 Finance Charge Billed - pool 59,350,471.38
Fees Billed - pool 6,240,827.06
Required Principal Balance 3,260,000,000.00
EFA + Receivables + PFA 4,654,236,147.37
</TABLE>
<PAGE> 7
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1994-A
Distribution Date of: 15-Oct-96
Determined as of: 09-Oct-96
For the Monthly Period Ending: 30-Sep-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,404,073,898.36 4,372,236,147.37 (31,837,750.99)
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 0.00 282,000,000.00 282,000,000.00
Adjusted Invested Amount 600,000,000.00 318,000,000.00 (282,000,000.00)
Class A Adjusted Invested Amount 564,000,000.00 282,000,000.00 (282,000,000.00)
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 1,000,000.00 1,000,000.00 0.00
Available Cash Collateral Amount 33,000,000.00 20,310,000.00 (12,690,000.00)
Available Shared Collateral Amount 27,000,000.00 14,310,000.00 (12,690,000.00)
Spread Account 15,962,782.98 9,540,000.00 (6,422,782.98)
Servicing Base Amount 600,000,000.00 318,000,000.00 (282,000,000.00)
</TABLE>
ALLOCATION PERCENTAGES
- ----------------------
Floating Allocation Pct 13.62%
Principal Allocation Pct 13.62%
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>
<CAPTION>
Series
ALLOCATIONS Trust 1994-A Class A Class B
- ----------- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 489,534,297.96 66,692,926.95 62,691,351.33 4,001,575.62
Finance Charge Collections 64,257,592.78 8,754,293.54 8,229,035.93 525,257.61
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------------------------------------------------------------
Available Funds 8,754,293.54 8,229,035.93 525,257.61
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 25,776,713.02 3,511,754.84 3,301,049.55 210,705.29
------------------------------------------------------------------
8,092,754.84 7,601,549.55 491,205.29
Excess Spread 661,538.70 627,486.38 34,052.32
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 6,175.99
Risk-Free Fee 3,857.67
Monthly Cash Collateral Fee 10,033.66
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 0.74%
Principal Payment Rate Calculation 11.46%
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 26,811,839.03
Required Spread Account Amount 28,500,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 1,688,160.97
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 111,157,412.83
Principal Shortfall 0.00
Shared Principal to Other Series 111,157,412.83
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 12.41%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 2.21%
Reserve Account Funding Period Length 2
Reserve Account Funding Date 15-Jun-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 11.87%
Base Rate - 3 month average 9.56%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.31%
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 1.14%
Principal Payment Rate Calculation 11.46%
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 20,310,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 12,690,000.00
Beginning Spread Account Balance 15,962,782.98
Required Spread Account Amount 9,540,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 0.00
Spread Account Surplus 6,422,782.98
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
- ---------------------------------------------
Month of Accumulation 1
Controlled Accumulation Amount 282,000,000.00
Required PFA Balance 282,000,000.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 282,000,000.00
Available Investor Principal Collections 70,204,681.78
Principal Shortfall 211,795,318.22
Shared Principal to Other Series 0.00
Shared Principal from Other Series 211,795,318.22
Class A Monthly Principal 282,000,000.00
Class B Monthly Principal 0.00
Monthly Principal 282,000,000.00
PFA Deposit 282,000,000.00
PFA Withdrawal 0.00
Ending PFA Balance 282,000,000.00
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 3,260,000,000.00
Class A Invested Amount 564,000,000.00
Available Principal 359,418,737.50
Class A Accumulation Period Length 2
RESERVE ACCOUNT
- ---------------
Available Reserve Account Amount 1,000,000.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.41%
Reserve Account Factor 16.67%
Portfolio Adjusted Yield 2.61%
Reserve Account Funding Period Length 0
Reserve Account Funding Date 15-Oct-96
Weighted Average Coupon 7.16%
Required Reserve Account Amount 1,000,000.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.87%
Base Rate - 3 month average 9.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.71%
</TABLE>
<PAGE> 10
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1994-B
Distribution Date of: 15-Oct-96
Determined as of: 09-Oct-96
For the Monthly Period Ending: 30-Sep-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,404,073,898.36 4,372,236,147.37 (31,837,750.99)
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 26,811,839.03 27,767,710.15 955,871.12
Servicing Base Amount 950,000,000.00 950,000,000.00 0.00
</TABLE>
ALLOCATION PERCENTAGES
- ----------------------
Floating Allocation Pct 21.57%
Principal Allocation Pct 21.57%
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>
<CAPTION>
Series
ALLOCATIONS Trust 1994-B Class A Class B
- ----------- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 489,534,297.96 105,597,134.33 99,261,306.27 6,335,828.06
Finance Charge Collections 64,257,592.78 13,860,964.77 13,029,306.88 831,657.89
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
-------------------------------------------------------------------
Available Funds 13,860,964.77 13,029,306.88 831,657.89
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 25,776,713.02 5,560,278.49 5,226,661.78 333,616.71
-------------------------------------------------------------------
13,130,195.16 12,333,453.45 796,741.71
Excess Spread 730,769.61 695,853.43 34,916.18
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 9,221.33
Risk-Free Fee 6,479.53
Monthly Cash Collateral Fee 15,700.86
</TABLE>
<PAGE> 11
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1994-C
Distribution Date of: 15-Oct-96
Determined as of: 09-Oct-96
For the Monthly Period Ending: 30-Sep-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,404,073,898.36 4,372,236,147.37 (31,837,750.99)
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 13,014,089.95 13,344,933.01 330,843.06
Servicing Base Amount 450,000,000.00 450,000,000.00 0.00
</TABLE>
ALLOCATION PERCENTAGES
- ----------------------
Floating Allocation Pct 10.22%
Principal Allocation Pct 10.22%
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>
<CAPTION>
Series
ALLOCATIONS Trust 1994-C Class A Class B
- ----------- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 489,534,297.96 50,019,695.21 47,018,513.50 3,001,181.71
Finance Charge Collections 64,257,592.78 6,565,720.15 6,171,776.94 393,943.21
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------------
Available Funds 6,565,720.15 6,171,776.94 393,943.21
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 25,776,713.02 2,633,816.13 2,475,787.16 158,028.97
---------------------------------------------------------------------
6,313,316.13 5,930,287.16 383,028.97
Excess Spread 252,404.03 241,489.78 10,914.24
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 5,633.21
Risk-Free Fee 3,145.07
Monthly Cash Collateral Fee 8,778.29
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 0.49%
Principal Payment Rate Calculation 11.46%
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 13,014,089.95
Required Spread Account Amount 13,500,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 485,910.05
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 141,000,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 52,653,511.34
Principal Shortfall 0.00
Shared Principal to Other Series 52,653,511.34
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 12.41%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 1.96%
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 11.87%
Base Rate - 3 month average 9.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 2.06%
</TABLE>
<PAGE> 13
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1995-A
Distribution Date of: 15-Oct-96
Determined as of: 09-Oct-96
For the Monthly Period Ending: 30-Sep-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,404,073,898.36 4,372,236,147.37 (31,837,750.99)
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 7,600,000.00 7,600,000.00 0.00
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
ALLOCATION PERCENTAGES
- ----------------------
Floating Allocation Pct 8.63%
Principal Allocation Pct 8.63%
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-A Class A Class B
- ----------- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 489,534,297.96 42,238,853.73 39,704,522.51 2,534,331.22
Finance Charge Collections 64,257,592.78 5,544,385.91 5,211,722.75 332,663.15
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------
Available Funds 5,544,385.91 5,211,722.75 332,663.15
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 25,776,713.02 2,224,111.40 2,090,664.71 133,446.68
---------------------------------------------------------------
4,807,794.73 4,516,648.05 291,146.68
Excess Spread 870,037.86 695,074.71 174,963.15
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 5,356.94
Risk-Free Fee 1,836.67
Monthly Cash Collateral Fee 7,193.61
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 2.14%
Principal Payment Rate Calculation 11.46%
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 7,600,000.00
Required Spread Account Amount 7,600,000.00
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 119,066,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 44,462,965.13
Principal Shortfall 0.00
Shared Principal to Other Series 44,462,965.13
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 12.41%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 3.62%
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 11.87%
Base Rate - 3 month average 8.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.72%
</TABLE>
<PAGE> 15
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1995-B
Distribution Date of: 15-Oct-96
Determined as of: 09-Oct-96
For the Monthly Period Ending: 30-Sep-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,404,073,898.36 4,372,236,147.37 (31,837,750.99)
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 10,991,428.01 12,168,186.95 1,176,758.93
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
ALLOCATION PERCENTAGES
- ----------------------
Floating Allocation Pct 8.63%
Principal Allocation Pct 8.63%
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 489,534,297.96 42,238,853.73 39,704,522.51 2,534,331.22
Finance Charge Collections 64,257,592.78 5,544,385.91 5,211,722.75 332,663.15
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------------
Available Funds 5,544,385.91 5,211,722.75 332,663.15
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 25,776,713.02 2,224,111.40 2,090,664.71 133,446.68
---------------------------------------------------------------------
4,855,294.73 4,561,298.05 293,996.68
Excess Spread 822,537.86 650,424.71 172,113.15
Required Amount 0.00 0.00 0.00
CASH COLLATERAL ACCOUNT
- -----------------------
Cash Collateral Fee 3,671.68
Risk-Free Fee 2,656.26
Monthly Cash Collateral Fee 6,327.94
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT (CONTINUED)
- ------------------------------------
<S> <C>
Quarterly Excess Spread Percentage 1.99%
Principal Payment Rate Calculation 11.46%
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 10,991,428.01
Required Spread Account Amount 14,250,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 3,258,571.99
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 89,300,000.00
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 44,462,965.13
Principal Shortfall 0.00
Shared Principal to Other Series 44,462,965.13
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 12.41%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 3.47%
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 11.87%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.57%
</TABLE>
<PAGE> 17
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
SERIES 1996-A
Distribution Date of: 15-Oct-96
Determined as of: 09-Oct-96
For the Monthly Period Ending: 30-Sep-96
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 29
<TABLE>
<CAPTION>
Beginning Ending Change
--------- ------ ------
<S> <C> <C> <C>
Pool Balance (Principal) 4,404,073,898.36 4,372,236,147.37 (31,837,750.99)
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 9,707,811.98 12,308,066.46 2,600,254.49
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
ALLOCATION PERCENTAGES
- ----------------------
Floating Allocation Pct 11.35%
Principal Allocation Pct 11.35%
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 489,534,297.96 55,577,439.12 51,687,018.38 3,890,420.74
Finance Charge Collections 64,257,592.78 7,295,244.61 6,784,577.49 510,667.12
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
---------------------------------------------------------------------
Available Funds 7,295,244.61 6,784,577.49 510,667.12
MONTHLY INVESTOR OBLIGATIONS
- ----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,308,988.06 2,144,081.29 164,906.77
Monthly Servicing Fee 312,500.00 290,625.00 21,875.00
Defaulted Amounts 25,776,713.02 2,926,462.36 2,721,610.00 204,852.37
---------------------------------------------------------------------
6,068,783.75 5,640,691.29 428,092.47
Excess Spread 1,431,313.23 1,143,886.21 287,427.02
Required Amount 0.00 0.00 0.00
1 MONTH LIBOR RATE 5.50%
- ------------------
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
CASH COLLATERAL ACCOUNT
- -----------------------
<S> <C>
Cash Collateral Fee 16,111.11
Quarterly Excess Spread Percentage 2.45%
Principal Payment Rate Calculation 11.46%
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 9,707,811.98
Required Spread Account Amount 20,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 10,292,188.02
Spread Account Surplus 0.00
MONTHLY PRINCIPAL & CONTROLLED DEPOSIT AMOUNT
- ---------------------------------------------
Month of Accumulation 0
Controlled Accumulation Amount 51,666,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 58,503,901.49
Principal Shortfall 0.00
Shared Principal to Other Series 58,503,901.49
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 12.41%
Reserve Account Factor 75.00%
Portfolio Adjusted Yield 3.95%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-2002
Weighted Average Coupon 5.54%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 11.87%
Base Rate - 3 month average 7.83%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 4.05%
</TABLE>
<PAGE> 19
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 OCTOBER
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 9TH day of OCTOBER 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ Thomas Ferree
--------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 20
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 OCTOBER
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 9TH day of OCTOBER 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ Thomas Ferree
-------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 21
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 OCTOBER
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 9TH day of OCTOBER 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ Thomas Ferree
----------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 22
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 OCTOBER
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 9TH day of OCTOBER 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ Thomas Ferree
--------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 23
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 October
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 9TH day of OCTOBER 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ Thomas Ferree
------------------------
Name: Thomas Ferree
Title: Senior Vice President
<PAGE> 24
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 OCTOBER
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 9TH day of OCTOBER 1996.
BANK ONE, COLUMBUS, NA
as Servicer
By: /s/ Thomas Ferree
-------------------
Name: Thomas Ferree
Title: Senior Vice President
