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Previous: VOYAGEUR TAX EXEMPT TRUST SERIES 1, 497, 1997-06-03 |
Next: WESTERN WIRELESS CORP, 4, 1997-06-03 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
-------------------------------------------------
May 15, 1997
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>
This Amendment No. 1 on Form 8-K/A is being filed solely for the purpose of
filing a corrected Exhibit 99.1 which shall replace Exhibit 99.1 as originally
filed with this Form 8-K.
Item 7. Exhibits
See page 4 for Exhibit Index.
<PAGE>
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: June 3, 1997 By: /s/Thomas Ferree
---------------------
Name: Thomas Ferree
Title: Senior Vice President
BANK ONE, COLUMBUS, NA
<PAGE>
EXHIBIT INDEX
Exhibit Description
99.1 The Monthly Statements and other information reflecting the Trust's
Activities for the Monthly Period ending April 30, 1997
99.2 Monthly Servicer's Certificates*
- ---------
* Previously filed.
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97 For the Monthly Period Ending: 30-Apr-97 Days in Interest Period (30/360)
Determined as of: 09-May-97 Monthly Period 30 Days in Interest Period (Act/360)
Beginning Total Trust Investor Interest Series 1994-B Series 1994-C
----------------------------------- ------------------- ------------------- --------------- --------------
<S> <C> <C> <C> <C>
Pool Balance (Principal) 5,185,306,957.23
Finance Charges O/S 101,872,317.18
Excess Funding Account 0.00
Initial Invested Amount 2,660,000,000.00 950,000,000.00 450,000,000.00
Invested Amount 2,660,000,000.00 950,000,000.00 450,000,000.00
Class A Invested Amount 893,000,000.00 423,000,000.00
Class B Invested Amount 57,000,000.00 27,000,000.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 2,660,000,000.00 950,000,000.00 450,000,000.00
Class A Adjusted Invested Amt 893,000,000.00 423,000,000.00
Class B Adjusted Invested Amt 57,000,000.00 27,000,000.00
Enhancement Invested Amount 0.00 0.00 0.00
Principal Allocation Pct 100.00% 51.30% 18.32% 8.68%
Principal Collections 592,954,467.19 304,178,498.16 108,635,177.91 51,458,768.48
Floating Allocation Pct 100.00% 51.30% 18.32% 8.68%
Finance Charge Collections 76,967,474.26 39,483,387.05 14,101,209.66 6,679,520.36
Defaulted Amount 30,257,054.12 15,521,504.25 5,543,394.37 2,625,818.39
Interchange Collections 6,645,726.76 3,409,177.76 1,217,563.49 576,740.60
Servicer Interchange 2,770,833.33 989,583.33 468,750.00
Shared Principal Collections 319,700,002.40 114,178,572.29 54,084,586.87
</TABLE>
<TABLE>
<CAPTION>
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 2,525,306,957.23
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 7.33% 7.33% 9.64% 48.70%
Principal Collections 43,454,071.17 43,454,071.17 57,176,409.43 288,775,969.03
Floating Allocation Pct 7.33% 7.33% 9.64% 48.70%
Finance Charge Collections 5,640,483.86 5,640,483.86 7,421,689.29 37,484,087.22
Defaulted Amount 2,217,357.75 2,217,357.75 2,917,575.99 14,735,549.87
Interchange Collections 487,025.39 487,025.39 640,822.89
Servicer Interchange 395,833.33 395,833.33 520,833.33
Shared Principal Collections 45,671,428.91 45,671,428.91 60,093,985.41
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Ending Total Trust Investor Interest Series 1994-B Series 1994-C
------ ----- ----- ----------------- ------ ------ ------ ------
<S> <C> <C> <C> <C>
Pool Balance (Principal) 5,125,765,355.41
Finance Charges O/S 104,259,636.98
Excess Funding Account 0.00
Initial Invested Amount 2,660,000.00 950,000,000.00 450,000,000.00
Invested Amount 2,660,000.00 950,000,000.00 450,000,000.00
Class A Invested Amount 893,000,000.00 423,000,000.00
Class B Invested Amount 57,000,000.00 27,000,000.00
Principal Funding Account 0.00 0.00 0.00
Adjusted Invested Amount 2,660,000,000.00 950,000,000.00 450,000,000.00
Class A Adjusted Invested Amt 893,000,000.00 423,000,000.00
Class B Adjusted Invested Amt 57,000,000.00 27,000,000.00
Enhancement Invested Amount 0.00 0.00 0.00
Principal Allocation Pct 100.00% 51.89% 18.53% 8.78%
Floating Allocation Pct 100.00% 51.89% 18.53% 8.78%
</TABLE>
<TABLE>
<CAPTION>
Ending 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 2,465,765,355.41
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 7.41% 7.41% 9.75% 48.11%
Floating Allocation Pct 7.41% 7.41% 9.75% 48.11%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SERIES ALLOCATION REPORT
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97 For the Monthly Period Ending:
Determined as of: 09-May-97 Monthly Period
<S> <C>
Minimum Balance Requirement
---------------------------
Trust Initial Invested Amount 2,660,000,000.00
Trust PFA 0.00
Ending Portfolio Principal Balance 5,125,765,355.41
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) 2,465,765,355.41
Required Seller's Interest 358,803,574.88
Required Excess Funding Account Balance 0.00
Seller's Participation Amount 2,465,765,355.41
</TABLE>
30-Apr-97 Days in Interest Period (30/360) 30
30 Days in Interest Period (Act/360) 30
Gross Balances of (%) ($)
Accounts Delinquent: ------ --------------
- --------------------
30 - 59 days 1.91% 99,894,873.77
60 - 89 days 1.47% 76,657,670.93
90 days + 2.97% 155,198,417.82
Total 30 days + 6.34% 331,750,962.52
Gross Credit Losses 7.86% 33,944,969.53
Net Credit Losses 7.00% 30,257,054.12
Discount Option Receivables 0
Discount Percentage 0.00%
Finance Charge Billed - pool 66,471,397.05
Fees Billed - pool 7,699,160.12
Interest Earned on Collection Account 2,728,003.05
Required Principal Balance 2,660,000,000.00
EFA + Receivables + PFA 5,125,765,355.41
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-B
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97
Determined as of: 09-May-97
For the Monthly Period Ending: 30-Apr-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
--------------- ---------------- ------
<S> <C> <C> <C>
Pool Balance (Principal) 5,185,306,957.23 5,125,765,355.41 (59,541,601.82)
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 95,000,000.00 95,000,000.00 0.00
Available Shared Collateral Amount 77,727,272.73 77,727,272.73 (0.00)
Spread Account 34,329,273.82 36,030,839.22 1,701,565.40
Servicing Base Amount 950,000,000.00 950,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 18.32%
Principal Allocation Pct 18.32%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1994-B Class A Class B
---------------------- -------------- -------------- -------------- ------------
<S> <C> <C> <C> <C>
Principal Collections 592,954,467.19 108,635,177.91 102,117,067.24 6,518,110.67
Finance Charge Collections 76,967,474.26 14,101,209.66 13,255,137.08 846,072.58
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- ----------
Available Funds 14,101,209.66 13,255,137.08 846,072.58
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 30,257,054.12 5,543,394.37 5,210,790.71 332,603.66
------------- ------------- ----------
13,113,311.04 12,317,582.38 795,728.66
Excess Spread 987,898.62 937,554.70 50,343.92
Required Amount 0.00 0.00 0.00
Cash Collateral Account
-----------------------
Cash Collateral Fee 75,279.47
Risk-Free Fee 8,582.32
Interest on CCA Draw 0.00
Total Fees - Interest 83,861.79
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Cash Collateral Account (continued)
------------------------------------
Quarterly Excess Spread Percentage 2.99%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 95,000,000.00
Required Cash Collateral Amount 95,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 34,329,273.82
Required Spread Account Amount 52,250,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 17,920,726.18
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
---------------------------------------------
Month of Accumulation 0.00
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 114,178,572.29
Principal Shortfall 0.00
Shared Principal to Other Series 114,178,572.29
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 10.38%
Revolving Investor Interest 2,660,000,000.00
Class A Invested Amount 893,000,000.00
Available Principal 276,066,609.21
Class A Accumulation Period Length 4.00
Reserve Account
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.33%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 3.65%
Reserve Account Funding Period Length 2.00
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 13.32%
Base Rate - 3 month average 9.56%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.75%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1994-C
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97
Determined as of: 09-May-97
For the Monthly Period Ending: 30-Apr-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- --------------- --------------
<S> <C> <C> <C>
Pool Balance (Principal) 5,185,306,957.23 5,125,765,355.41 (59,541,601.82)
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 45,000,000.00 45,000,000.00 0.00
Available Shared Collateral Amount 37,500,000.00 37,500,000.00 0.00
Spread Account 16,013,798.61 16,845,968.68 832,170.07
Servicing Base Amount 450,000,000.00 450,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 8.68%
Principal Allocation Pct 8.68%
Class A Floating Pct 94.00%
Class B Floating Pct 6.00%
Class A Principal Pct 94.00%
Class B Principal Pct 6.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1994-C Class A Class B
- --------------------- -------------- ------------- ------------- ------------
<S> <C> <C> <C> <C>
Principal Collections 592,954,467.19 51,458,768.48 48,371,242.38 3,087,526.11
Finance Charge Collections 76,967,474.26 6,679,520.36 6,278,749.14 400,771.22
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
Available Funds 6,679,520.36 6,278,749.14 400,771.22
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 30,257,054.12 2,625,818.39 2,468,269.28 157,549.10
------------ ------------ ----------
6,305,318.39 5,922,769.28 382,549.10
Excess Spread 374,201.98 355,979.86 18,222.12
Required Amount 0.00 0.00 0.00
Cash Collateral Account
- -----------------------
Cash Collateral Fee 12,077.58
Risk-Free Fee 4,003.45
Interest on CCA Draw 0.00
Total Fees - Interest 16,081.03
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Cash Collateral Account (continued)
- ------------------------------------
Quarterly Excess Spread Percentage 2.74%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 6.00%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 6.00%
Beginning Cash Collateral Amount 45,000,000.00
Required Cash Collateral Amount 45,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 16,013,798.61
Required Spread Account Amount 27,000,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 10,986,201.39
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
- ---------------------------------------------
Month of Accumulation 0.00
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 54,084,586.87
Principal Shortfall 0.00
Shared Principal to Other Series 54,084,586.87
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 10.38%
Revolving Investor Interest 1,710,000,000.00
Class A Invested Amount 423,000,000.00
Available Principal 177,471,391.64
Class A Accumulation Period Length 3.00
Reserve Account
- ---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.33%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 3.40%
Reserve Account Funding Period Length 1.00
Reserve Account Funding Date 15-Aug-98
Weighted Average Coupon 7.81%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 13.32%
Base Rate - 3 month average 9.81%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 3.50%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-A
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97
Determined as of: 09-May-97
For the Monthly Period Ending: 30-Apr-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
---------------- --------------- --------------
<S> <C> <C> <C>
Pool Balance (Principal) 5,185,306,957.23 5,125,765,355.41 (59,541,601.82)
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 38,000,000.00 38,000,000.00 0.00
Available Shared Collateral Amount 31,090,909.09 31,090,909.09 (0.00)
Spread Account 12,732,479.07 13,724,925.01 992,445.94
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 7.33%
Principal Allocation Pct 7.33%
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 592,954,467.19 43,454,071.17 40,846,826.90 2,607,244.27
Finance Charge Collections 76,967,474.26 5,640,483.86 5,302,054.83 338,429.03
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
Available Funds 5,640,483.86 5,302,054.83 338,429.03
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 30,257,054.12 2,217,357.75 2,084,316.28 133,041.46
------------ ------------ ----------
4,801,041.08 4,510,299.62 290,741.46
Excess Spread 972,484.25 791,755.21 180,729.03
Required Amount 0.00 0.00 0.00
Cash Collateral Account
-----------------------
Cash Collateral Fee 35,528.13
Risk-Free Fee 3,183.12
Interest on CCA Draw 0.00
Monthly Cash Collateral Fee 38,711.25
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Cash Collateral Account (continued)
-----------------------------------
Quarterly Excess Spread Percentage 4.75%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 4.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 4.50%
Beginning Cash Collateral Amount 38,000,000.00
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 12,732,479.07
Required Spread Account Amount 17,100,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 4,367,520.93
Spread Account Surplus 0.00
Monthly Principal & Controlled Deposit Amount
---------------------------------------------
Month of Accumulation 0.00
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 45,671,428.91
Principal Shortfall 0.00
Shared Principal to Other Series 45,671,428.91
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 10.38%
Revolving Investor Interest 1,260,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 130,768,393.84
Class A Accumulation Period Length 3.00
Reserve Account
---------------
Available Reserve Account Amount 0.00
Covered Amount 0.00
Reserve Draw Amount 0.00
Portfolio Yield 12.33%
Reserve Account Factor 25.00%
Portfolio Adjusted Yield 5.06%
Reserve Account Funding Period Length 3.00
Reserve Account Funding Date 15-Jan-00
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 13.32%
Base Rate - 3 month average 8.16%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.16%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1995-B
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97
Determined as of: 09-May-97
For the Monthly Period Ending: 30-Apr-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
--------------- ---------------- --------------
<S> <C> <C> <C>
Pool Balance (Principal) 5,185,306,957.23 5,125,765,355.41 (59,541,601.82)
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 38,000,000.00 38,000,000.00 0.00
Available Shared Collateral Amount 31,090,909.09 31,090,909.09 (0.00)
Spread Account 17,768,286.91 18,710,341.64 942,054.73
Servicing Base Amount 380,000,000.00 380,000,000.00 0.00
Allocation Percentages
- ----------------------
Floating Allocation Pct 7.33%
Principal Allocation Pct 7.33%
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 592,954,467.19 43,454,071.17 40,846,826.90 2,607,244.27
Finance Charge Collections 76,967,474.26 5,640,483.86 5,302,054.83 338,429.03
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- -------------
Available Funds 5,640,483.86 5,302,054.83 338,429.03
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 30,257,054.12 2,217,357.75 2,084,316.28 133,041.46
------------ ------------ ----------
4,848,541.08 4,554,949.62 293,591.46
Excess Spread 924,984.25 747,105.21 177,879.03
Required Amount 0.00 0.00 0.00
Cash Collateral Account
Cash Collateral Fee 11,633.24
Risk-Free Fee 4,738.21
Interest on CCA Draw or Difference between Loan Interest and Deposit Interest 1,266.67
Monthly Cash Collateral Fee 17,638.11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Cash Collateral Account (continued)
- -----------------------------------
Quarterly Excess Spread Percentage 4.60%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 5.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 5.50%
Beginning Cash Collateral Amount 38,000,000.00
Required Cash Collateral Amount 38,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 17,768,286.91
Required Spread Account Amount 20,900,000.00
Required Spread Account Draw 0.00
Required Spread Account Deposit 3,131,713.09
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 45,671,428.91
Principal Shortfall 0.00
Shared Principal to Other Series 45,671,428.91
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 10.38%
Revolving Investor Interest 880,000,000.00
Class A Invested Amount 357,200,000.00
Available Principal 91,330,306.81
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 12.33%
Reserve Account Factor 33.33%
Portfolio Adjusted Yield 4.91%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-Mar-00
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 13.32%
Base Rate - 3 month average 8.31%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.01%
</TABLE>
<PAGE>
BANC ONE CREDIT CARD MASTER TRUST - SUMMARY REPORT
Series 1996-A
<TABLE>
<CAPTION>
Distribution Date of: 15-May-97
Determined as of: 09-May-97
For the Monthly Period Ending: 30-Apr-97
Days in Interest Period (30/360) 30
Days in Interest Period (Actual/360) 30
Beginning Ending Change
--------------- ---------------- --------------
<S> <C> <C> <C>
Pool Balance (Principal) 5,185,306,957.23 5,125,765,355.41 (59,541,601.82)
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 50,000,000.00 50,000,000.00 0.00
Available Shared Collateral Amount 50,000,000.00 50,000,000.00 0.00
Spread Account 17,500,000.00 17,500,000.00 0.00
Servicing Base Amount 500,000,000.00 500,000,000.00 0.00
Allocation Percentages
----------------------
Floating Allocation Pct 9.64%
Principal Allocation Pct 9.64%
Class A Floating Pct 93.00%
Class B Floating Pct 7.00%
Class A Principal Pct 93.00%
Class B Principal Pct 7.00%
</TABLE>
<TABLE>
<CAPTION>
Series
Allocations Trust 1996-A Class A Class B
--------------------- -------------- ------------- ------------- ------------
<S> <C> <C> <C> <C>
Principal Collections 592,954,467.19 57,176,409.43 53,174,060.77 4,002,348.66
Finance Charge Collections 76,967,474.26 7,421,689.29 6,902,171.04 519,518.25
PFA Investment Proceeds NA 0.00 0.00 0.00
Reserve Account Draw NA 0.00 0.00 0.00
------------- ------------- -------------
Available Funds 7,421,689.29 6,902,171.04 519,518.25
Monthly Investor Obligations
----------------------------
Servicer Interchange 520,833.33 484,375.00 36,458.33
Monthly Interest 2,465,104.17 2,289,156.25 175,947.92
Monthly Servicing Fee 312,500.00 290,625.00 21,875.00
Defaulted Amounts 30,257,054.12 2,917,575.99 2,713,345.67 204,230.32
------------ ------------ ----------
6,216,013.49 5,777,501.92 438,511.57
Excess Spread 1,409,906.13 1,124,669.13 285,237.00
Required Amount 0.00 0.00 0.00
1 Month Libor Rate 5.687500%
Cash Collateral Account
Cash Collateral Fee 26,041.67
Interest on CCA Draw 0.00
Total 26,041.67
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
Cash Collateral Account (continued)
-----------------------------------
Quarterly Excess Spread Percentage 5.47%
Principal Payment Rate Calculation 11.53%
Calculated Current Month's Spread Account Cap 3.50%
Spread Account Cap Adjustment 0.00%
Applicable Spread Account Cap Percentage 3.50%
Beginning Cash Collateral Amount 50,000,000.00
Required Cash Collateral Amount 50,000,000.00
Cash Collateral Account Draw 0.00
Cash Collateral Account Surplus 0.00
Beginning Spread Account Balance 17,500,000.00
Required Spread Account Amount 17,500,000.00
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 51,666,666.67
Required PFA Balance 0.00
Beginning PFA Balance 0.00
Controlled Deposit Amount 0.00
Available Investor Principal Collections 60,093,985.41
Principal Shortfall 0.00
Shared Principal to Other Series 60,093,985.41
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 10.38%
Revolving Investor Interest 500,000,000.00
Class A Invested Amount 465,000,000.00
Available Principal 51,892,219.78
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 12.33%
Reserve Account Factor 75.00%
Portfolio Adjusted Yield 5.72%
Reserve Account Funding Period Length 3
Reserve Account Funding Date 15-May-02
Weighted Average Coupon 5.92%
Required Reserve Account Amount 0.00
Reserve Account Surplus 0.00
Required Reserve Account Deposit 0.00
Portfolio Yield - 3 month average 13.32%
Base Rate - 3 month average 7.49%
(Portfolio Yield 3 mo avg) - (Base Rate 3 mo avg) 5.82%
</TABLE>
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