-----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, Nh0mq+WGLhvPsQtnilHhZ88qmsAHB1D7ZNpbqtGWs+KyrHHH+B5Yops0mH+OjP1Z e9W9gcgNekiIhPK9izYHhQ== 0000912057-02-003503.txt : 20020414 0000912057-02-003503.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-003503 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020131 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST BANK CORPORATE CARD MASTER TRUST CENTRAL INDEX KEY: 0001010753 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 411877237 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22781 FILM NUMBER: 02523221 BUSINESS ADDRESS: STREET 1: 4325 17TH AVENUE S W CITY: FARGO STATE: ND ZIP: 58103 BUSINESS PHONE: 7014613468 MAIL ADDRESS: STREET 1: 4325 17TH AVENUE S W CITY: FARGO STATE: ND ZIP: 58103 8-K 1 a2069206z8-k.txt 8-K UNITED STATES 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): JANUARY 31, 2002 ---------------- FIRST BANK CORPORATE CARD MASTER TRUST -------------------------------------- (Exact name of registrant as specified in its charter) UNITED STATES 000-22781 41-1881896 ------------- --------- ---------- (State or other jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 4325 17TH AVENUE S.W. FARGO, NORTH DAKOTA 58103 ------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 701-461-3468 ------------ (NOT APPLICABLE) ---------------- (Former name or former address, if changed since last report) Item 5. Other Events ------------ Pursuant to the Pooling and Servicing Agreement, dated as of February 1, 1997 (the "Agreement"), among U.S. Bank National Association ND, as Transferor, U.S. Bank Card Services, Inc., as Servicer, and Citibank, N.A., as Trustee on behalf of the Certificateholders of the First Bank Corporate Card Master Trust, as supplemented by the Series 1997-1 Supplement thereto, dated as of February 27, 1997, the Servicer has prepared and delivered to the Trustee the monthly servicer's certificate with respect to the Interest Payment Date of January 15, 2002, which monthly servicer's certificate is attached hereto as Exhibit 99. Item 7. Financial Statements and Exhibits --------------------------------- (c.) Exhibits (filed herewith) Exhibit 99 Monthly Servicer's Certificate dated January 30, 2002. 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. FIRST BANK CORPORATE CARD MASTER TRUST By U.S. BANK NATIONAL ASSOCIATION ND, as Originator By /s/ Daryl Bible --------------- Daryl Bible Executive Vice President & Treasurer DATE: January 31, 2002 ---------------- FORM OF SERIES 1997-1 CERTIFICATEHOLDERS' STATEMENT U.S. BANK NATIONAL ASSOCIATION ND ---------------------------------------------------- FIRST BANK CORPORATE CARD MASTER TRUST ---------------------------------------------------- The information which is required to be prepared with respect to the Distribution Date of January 15, 2002 and with respect to the performance of the Trust during the related Collection Period(s). Capitalized terms used in this Statement have their respective meanings set forth in the Pooling and Servicing Agreement.
January 15, 2002 Information Regarding the Current Distribution (Stated on the Basis of $1,000 Original - -------------------------------------------------------------------------------------- Certificate Principal Balance) - ------------------------------ 1. Class A Monthly Principal $ - ----------------------- 2. Class B Monthly Principal $ - ----------------------- 3. Collateral Monthly Principal $ 470.00 ----------------------- 4. Class A Monthly Interest $ - ----------------------- 5. Class A Deficiency Amounts $ - ----------------------- 6. Class A Additional Interest $ - ----------------------- 7. Class B Monthly Interest $ - ----------------------- 8. Class B Deficiency Amounts $ - ----------------------- 9. Class B Additional Interest $ - ----------------------- 10. Collateral Monthly Interest $ 1.81 ----------------------- 11. Accrued and unpaid Collateral Monthly Interest $ - ----------------------- Information Regarding the Performance of the Trust - -------------------------------------------------- Principal Collections (a) Principal Collections allocated to the Class A Certificates $ 344,957,660.52 ----------------------- (b) Principal Collections allocated to the Class B Certificates $ 5,504,643.52 ----------------------- (c) Principal Collections allocated to the Collateral Investor Interest $ 16,513,930.56 ----------------------- Trust Principal Component (a) Trust Principal Component as of the end of the related Collection Period(s) $ 382,067,868.57 ----------------------- (b) Series 1997-1 Invested Amount as of the end of the related Transfer Date(s) $ 411,117,000.00 ----------------------- (c) Series 1997-1 Adjusted Invested Amount as of the end of the related Transfer Date(s) $ 213,717,000.00 ----------------------- (d) Class A Invested Amount as of the end of the related Transfer Date(s) $ 394,800,000.00 ----------------------- (e) Class A Adjusted Invested Amount as of the end of the related Transfer Date(s) $ 197,400,000.00 ----------------------- (f) Class B Invested Amount as of the end of the related Transfer Date(s) $ 6,300,000.00 ----------------------- (g) Collateral Invested Amount as of the end of the related Transfer Date(s) $ 10,017,000.00 ----------------------- (h) Floating Allocation Percentage with respect to the related Collection Period(s) 84.57% ----------------------- (i) Class A Floating Percentage with respect to the related Collection Period(s) 79.50% ----------------------- (j) Class B Floating Percentage with respect to the related Collection Period(s) 1.27% ----------------------- (k) Collateral Floating Percentage with respect to the related Collection Period(s) 3.81% ----------------------- (l) Fixed Allocation Percentage with respect to the related Collection Period(s) 84.57% ----------------------- (m) Class A Fixed Percentage with respect to the related Collection Period(s) 79.50% ----------------------- (n) Class B Fixed Percentage with respect to the related Collection Period(s) 1.27% ----------------------- (o) Collateral Fixed Percentage with respect to the related Collection Period(s) 3.81% ----------------------- Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Collection Period(s): Aggregate Account Balance ----------------------- (a) 30-59 days: $ 2,527,757.81 (b) 60-89 days: $ 982,750.59 (c) 90-119 days: $ 741,282.78 (d) 120-149 days: $ 364,946.49 Total: $ 4,616,737.67 Percentage of Total Receivables ----------------------- (a) 30-59 days: 0.65% (b) 60-89 days: 0.25% (c) 90-119 days: 0.19% (d) 120-149 days: 0.09% Total: 1.18% Investor Default Amount (a) Investor Default Amount for the related Collection Period(s) $ 280,342.74 ----------------------- (b) Class A Investor Default Amount for the related Collection Period(s) $ 263,522.17 ----------------------- (c) Class B Investor Default Amount for the related Collection Period(s) $ 4,205.14 ----------------------- (d) Collateral Investor Default Amount for the related Collection Period(s) $ 12,615.42 ----------------------- Investor Charge-Offs (a) Aggregate Class A Investor Charge-Offs for the related Collection Period(s) $ - ----------------------- (b) Class A Charge-Offs per $1,000 of original Certificate Principal Balance $ - ----------------------- (c) Aggregate Class B Investor Charge-Offs for the related Collection Period(s) $ - ----------------------- (d) Class B Charge-Offs per $1,000 of original Certificate Principal Balance $ - ----------------------- (e) Aggregate Collateral Investor Charge-Offs for the related Collection Period(s) $ - ----------------------- (f) Collateral Charge-Offs per $1,000 of original Certificate Principal Balance $ - ----------------------- (g) Aggregate Class A Investor Charge-Offs reimbursed on the related Transfer Date(s) $ - ----------------------- (h) Class A Investor Charge-Offs reimbursed per $1,000 of original Certificate Principal Balance $ - ----------------------- (i) Aggregate Class B Investor Charge-Offs reimbursed on the related Transfer Date(s) $ - ----------------------- (j) Class B Investor Charge-Offs reimbursed per $1,000 of original Certificate Principal Balance $ - ----------------------- (k) Aggregate Collateral Investor Charge-Offs reimbursed on the related Transfer Date(s) $ - ----------------------- (l) Collateral Investor Charge-Offs reimbursed per $1,000 of original Certificate Principal Balance $ - ----------------------- Monthly Investor Servicing Fee (a) Class A Servicing Fee payable for the related Collection Period(s) $ 329,000.00 ----------------------- (b) Class B Servicing Fee payable for the related Collection Period(s) $ 5,250.00 ----------------------- (c) Collateral Servicing Fee payable for the related Collection Period(s) $ 15,750.00 ----------------------- Reallocations (a) Reallocated Collateral Principal Collections with respect to the related Collection Period(s) $ - ----------------------- (b) Reallocated Class B Principal Collections with respect to the related Collection Period(s) $ - ----------------------- (c) Collateral Invested Amount as of this Distribution Date $ 10,017,000.00 ----------------------- (d) Class B Invested Amount as of this Distribution Date $ 6,300,000.00 ----------------------- Yield Collections and Net Interchange (a) Aggregate Yield Collections (including Net Interchange) processed during the related Collection Period allocated in respect of the Class A Investor Certificate $ 13,372,960.32 ----------------------- (b) Aggregate Yield Collections (including Net Interchange) processed during the related Collection Period allocated in respect of the Class B Investor Certificate $ 213,398.30 ----------------------- (c) Aggregate Yield Collections (including Net Interchange) processed during the related Collection Period allocated in respect of the Collateral Investor Certificate $ 640,194.91 ----------------------- Principal Funding Amount (a) Principal amount in Principal Funding Account on the related Transfer Date $ 197,400,000.00 ----------------------- (b) Deficit Controlled Accumulation Amount with respect to the related Collection Period(s) $ - ----------------------- (c) Principal Funding Investment Proceeds deposited in the Collection Account on the related Transfer Date(s) $ - ----------------------- (d) Reserve Draw Amount deposited in the Collection Account on the related Transfer Date(s) from the Reserve Account $ - ----------------------- Reserve Draw Amount on the related Transfer Date(s) $ - ----------------------- Overconcentration Draw Amount on the related Transfer Date(s) $ - ----------------------- Available Funds (a) Class A Available Funds on deposit in the Collection Account on the related Transfer Date(s) $ 13,094,724.59 ----------------------- (b) Class B Available Funds on deposit in the Collection Account on the related Transfer Date(s) $ 208,958.37 ----------------------- (c) Collateral Available Funds on deposit in the Collection Account on the related Transfer Date(s) $ 626,875.11 ----------------------- Portfolio Yield and Base Rate (a) Portfolio Yield for the related Collection Period 21.04% ----------------------- (b) Base Rate for the related Collection Period 7.37% ----------------------- Monthly Payment Rate 101.93% ----------------------- Principal Payment Rate 101.93% ----------------------- Gross Losses as a Percentage of Charge Volume & Fees 0.94% ----------------------- Minimum Transferor's Percentage 18.00% -----------------------
U.S. Bancorp Card Services, Inc. Servicer By:/s/Michael T. Scarseth - ------------------------- Name: Michael Scarseth Title: Servicing Officer EX-99 3 a2069206zex-99.txt EX-99 SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE COLLECTION PERIOD ENDING DECEMBER 31, 2001 U.S. BANK NATIONAL ASSOCIATION ND FIRST BANK CORPORATE CARD MASTER TRUST SERIES 1997-1
January 15, 2002 1. Investor Percentage of Principal Collections $ 366,976,234.60 ---------------------- 2. Investor Percentage of Yield Collections (ex. Net Interchange) $ 7,489,310.91 ---------------------- 3. Investor Percentage of Net Interchange $ 6,737,242.63 ---------------------- 4. Servicer Interchange $ 350,000.00 ---------------------- 5. The aggregate amount of funds on deposit in Collection Account allocable to Series 1997-1 Certificates $ 450,753,453.92 ---------------------- 6. Funds in Principal Funding Account allocable to Series 1997-1 Certificates $ 197,400,000.00 ---------------------- 7. Aggregate amount paid in accordance with the Loan Agreement pursuant to Section 4.11 $ 34,189.72 ---------------------- 8. Required Collateral Invested Amount over the Collateral Invested Amount $ - ---------------------- 9. Collateral Invested Amount $ 10,017,000.00 ---------------------- 10. The amount of Monthly Interest, Deficiency Amounts and Additional Interest payable to the (i) Class A Certificateholders $ - ---------------------- (ii) Class B Certificateholders $ - ---------------------- (iii) Collateral Interest Holder $ 34,189.72 ---------------------- 11. The amount of principal payable to the (i) Class A Certificateholders $ - ---------------------- (ii) Class B Certificateholders $ - ---------------------- (iii) Collateral Interest Holder $ 8,883,000.00 ---------------------- 12. The sum of all amounts payable to the (i) Class A Certificateholders $ - ---------------------- (ii) Class B Certificateholders $ - ---------------------- (iii) Collateral Interest Holder $ 8,917,189.72 ---------------------- 13. To the knowledge of the undersigned, no Early Amortization Event has occurred except as described below: None
In witness whereof, the undersigned has duly executed this certificate this 31st day of January, 2002. U.S. Bancorp Card Services, Inc. Servicer By:/s/Michael T. Scarseth - ------------------------- Name: Michael Scarseth Title: Servicing Officer -----END PRIVACY-ENHANCED MESSAGE-----