-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PiwKzzBZ3YrtPO7vjck57AxtyEZHrTIoPhJxpG4YiDxbW8rm/o1D74DA5pfeJqpf jSTHYDiyI7dhOBIL45nFSg== 0000048681-98-000018.txt : 19980309 0000048681-98-000018.hdr.sgml : 19980309 ACCESSION NUMBER: 0000048681-98-000018 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980306 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOUSEHOLD CREDIT CARD MASTER TRUST I CENTRAL INDEX KEY: 0001001329 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 033-97296-01 FILM NUMBER: 98558697 BUSINESS ADDRESS: STREET 1: 2700 SANDERS RD CITY: PROSPECT HEIGHTS STATE: IL ZIP: 60070 BUSINESS PHONE: 8475647968 MAIL ADDRESS: STREET 1: 1111 TOWN CENTER DR CITY: LAS VEGAS STATE: NV ZIP: 89134 10-K 1 FORM 10-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File No. 33-97296 HOUSEHOLD CREDIT CARD MASTER TRUST I (Exact name of Registrant as specified in Department of the Treasury, Internal Revenue Service Form SS-4) HOUSEHOLD FINANCE CORPORATION (Servicer of the Trust) (Exact name as specified in Servicer's charter) DELAWARE 36-3670374 (State or other jurisdiction of (I.R.S. Employer incorporation of Servicer) Identification Number of Registrant) 2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS 60070 (Address of principal executive offices of (Zip Code) Servicer) Servicer's telephone number, including area code (847) 564-5000 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No _____ The aggregate principal amount of the Certificates held by non- affiliates of the Servicer as of December 31, 1997 was approximately $1.7 billion. INTRODUCTORY NOTE Household Card Funding Corporation (the "Transferor") is the transferor under a Pooling and Servicing Agreement (the "Agreement") dated as of December 1, 1995, by and among the Transferor, Household Finance Corporation, as Servicer (the "Servicer") and The Bank of New York, as trustee (the "Trustee"), as supplemented by the Series Supplements, providing for the issuance of Credit Card Participation Certificates (the "Certificates"), and is the originator of the trust called the Household Credit Card Master Trust I (the "Registrant" or the "Trust"). Each Certificate represents an undivided interest in the Trust. The Series 1995-1 Supplement dated as of December 1, 1995, (the "Series 1995-1 Supplement") among the Transferor, the Servicer and the Trustee created a Series of Investor Certificates designated as Household Credit Cared Master Trust, Series 1995- 1;consisting of two classes; a senior class designated as Floating Rate Class A Credit Card Participation Certificates, Series 1995-1 and a subordinated class designated as Floating Rate Class B Credit Card Participation Certificates, Series 1995-1. In additional, there is a Seller Certificate outstanding representing an undivided interest in the Trust that is not otherwise represented by the Series 1995-1 Investor Certificates. The Registrant has prepared this Form 10-K in reliance upon various no-action letters issued by the Securities and Exchange Commission (the "Commission") to other trusts which are substantially similar to the Trust. Items designated herein as "Not Applicable" have been omitted as a result of this reliance. PART I Item 1. Business. Not Applicable. Item 2. Properties. Not Applicable. Item 3. Legal Proceedings. The Servicer is not aware of any material pending legal proceedings involving either the Registrant, the Trustee, the Seller or the Servicer with respect to the Certificates or the Registrant's property. Item 4. Submission of Matters to a Vote of Security Holders. No vote or consent of the holders of the Certificates (the "Certificateholders") was solicited for any purpose during the year ended December 31, 1997. PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters. To the best knowledge of the Servicer, there is no established public trading market for the Certificates. As of February 10, 1998, there were 5 Class A Certificateholders and 9 Class B Certificateholders, some of whom may be holding Certificates for the accounts of others. Item 6. Selected Financial Data. Not Applicable. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Not Applicable. Item 8. Financial Statements and Supplementary Data. Not Applicable. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. None. PART III Item 10. Directors and Executive Officers of the Registrant. Not Applicable. Item 11. Executive Compensation. Not Applicable. Item 12. Security Ownership of Certain Beneficial Owners and Management. The following table sets forth (i) the name and address of each entity owning more than 5% of the outstanding principal amount of the Class A or the Class B Certificates; (ii) the principal amount of Certificates owned by each and (iii) the percent that the principal amount of Certificates owned represents of the outstanding principal amount of the Class A or the Class B Certificates. The information set forth in the table is based upon information obtained by the Servicer from the Trustee and from The Depository Trust Company as of February 10, 1998. The Servicer is not aware of any Schedules 13D or 13G filed with the Securities and Exchange Commission in respect of the Certificates. Amount Owned All dollar amounts are in thousands Name and Address Principal Percent Class A Certificateholders Bank of New York $1,197,000 79.80 925 Patterson Plank Road Secaucus, NJ 07094 Chase Manhattan Bank, N.A. $ 300,000 20.00 4 New York Plaza - 13th Floor New York, NY 10004 Amount Owned All dollar amounts are in thousands Name and Address Principal Percent Class B Certificateholders Bankers Trust Company $ 16,175 7.55 c/o BT Services Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211 Bankers Trust Co./Investment A/C $ 15,000 7.00 16 Wall Street - 5th Floor New York, Ny 10005 Chase Manhattan Bank $ 35,000 16.33 4 New York Plaza - 13th Floor New York, NY 10004 Chase Manhattan Bank/Chemical $ 32,286 15.07 Proxy Department - 13th Floor 4 New York Plaza New York, NY 10004 NBD Bank $ 25,000 11.67 Municipal Bond Department 611 Woodward Avenue Detroit, MI 48226 Swiss American Securities, Inc. $ 72,000 33.60 100 Wall Street New York, NY 10005 Item 13. Certain Relationships and Related Transactions. None or Not Applicable. PART IV Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K. (a) List the following documents filed as a part of the report: (1) Financial Statements Not Applicable. (2) Financial Statement Schedules Not Applicable. (3) The Servicer is obligated to prepare an Annual Statement to Certificateholders for the year 1997, and Independent Public Accountants are required to prepare an Annual Servicing Report pertaining to the compliance of the Servicer with its servicing obligations pursuant to the Agreement. Copies of said documents are or will be filed as exhibits to this Form 10-k when they are available. (b) The Registrant filed the following current reports on Form 8-K for the fourth quarter of 1997: Date of Reports Items Covered October 15, 1997 Item 7 -- Statement to November 17, 1997 Certificateholders with respect December 15, 1997 to distributions made on October 15, 1997, November 17, 1997 and December 15, 1997. (c) Exhibit 99. Copy of Annual Statement to Certificateholders for the year 1997. (d) Not Applicable. Exhibit Index Exhibit No. Exhibit Page No. 99 Copy of Annual Statement to Certificateholders for the year ended December 31, 1997. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Servicer has duly caused this report to be signed on behalf of the Household Credit Card Trust 1995-1 by the undersigned, thereunto duly authorized. HOUSEHOLD FINANCE CORPORATION, as Servicer of and on behalf of the HOUSEHOLD CREDIT CARD TRUST 1995-1 (Registrant) Date: March 2, 1998 By: /s/ John W. Blenke John W. Blenke Assistant Secretary U:\WP\HFS088\95-10K\CC95-1 EX-99 2 STATEMENT TO CERTIFICATEHOLDERS Household Finance Corporation Household Card Funding Corp. Household Credit Card Master Trust I , Series 1995-1 Original Principal Class A 1,500,000,000 Number of Class A Bonds (000's) 1,500,000 Original Principal Class B 214,286,000 Number of Class B Bonds (000's) 214,286 Distribution Date 12/15/97 Total 1997 CLASS A Beginning Class A Principal Balance 1,500,000,000 Beg Class A Pool Factor 1.00000000 Principal Distribution 0 0 Principal Payment Factor (per 1,000 Bond) 0.00000000 Ending Class A Principal Balance 1,500,000,000 Ending Class A Pool Factor 1.00000000 Class A Interest 6,833,750 87,671,438 Interest Payment Factor (per 1,000 Bond) 4.55583333 CLASS B Beginning Class B Principal Balance 214,286,000 Beg Class B Pool Factor 1.00000000 Principal Distribution 0 0 Principal Payment Factor (per 1,000 Bond) 0.00000000 Ending Class B Principal Balance 214,286,000 Ending Class B Pool Factor 1.00000000 Class B Interest 1,006,251 12,914,508 Interest Payment Factor (per 1,000 Bond) 4.69583333 -----END PRIVACY-ENHANCED MESSAGE-----