EX-99.02 4 dex9902.htm MONTHLY CERTIFICATEHOLDERS' STATEMENT 1996-2 Prepared by R.R. Donnelley Financial -- Monthly Certificateholders' Statement 1996-2
Exhibit 99.02
 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
 
FIRST USA BANK, NATIONAL ASSOCIATION
 
FIRST USA CREDIT CARD MASTER TRUST, SERIES 1996-2
 
      
Monthly Period:
   
8/1/02 to
8/31/02
Distribution Date:
   
9/10/02
Transfer Date:
   
9/9/02
 
Under Section 5.02 of the Pooling and Servicing Agreement dated as of September 1, 1992 (the “Pooling and Servicing Agreement”) by and between First USA Bank, National Association, (the “Bank”) and The Bank of New York (Delaware), as trustee (the “Trustee”) the Bank, as Servicer, is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the First USA Credit Card Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date noted above and with respect to the performance of the Trust during the month noted above is set forth below. Certain information is presented on the basis of an original principal amount of $1,000 per Series 1996-2 Certificate (a “Certificate”). Certain other information is presented based on the aggregate amount for the Trust as a whole. Capitalized terms used in this Monthly Certificateholders’ Statement have their respective meanings set forth in the Pooling and Servicing Agreement.
 
A.    Information Regarding the Current Monthly Distribution.
 
 
1.
 
The total amount of the distribution to
 
  
 
Certificateholders on the Distribution Date per
 
  
 
$1,000 original certificate principal amount
        
Class A
   
$
1.57688
Class B
   
$
1.69771
CIA
   
$
2.23743
    
Total (Weighted Avg.)
   
$
1.64872
 
 
2.
 
The amount of the distribution set forth in
 
  
 
paragraph 1 above in respect of interest on
 
  
 
the Certificates, per $1,000 original
 
  
 
certificate principal amount
        
Class A
   
$
1.57688
Class B
   
$
1.69771
CIA
   
$
2.23743
    
Total (Weighted Avg.)
   
$
1.64872

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 2
  
Series 1996-2
 
 
3.
 
The amount of the distribution set forth in paragraph 1
 
  
 
above in respect of principal on the Certificates, per
 
  
 
$1,000 original certificate principal amount
 
        
Class A
   
$
0.00000
Class B
   
$
0.00000
CIA
   
$
0.00000
    
Total (Weighted Avg.)
   
$
0.00000
 
B.
 
Information Regarding the Performance of the Trust.
 
 
1.
 
Allocation of Principal Receivables.
 
 
    
 
The aggregate amount of Allocations of Principal
 
  
 
Receivables processed during the Monthly Period
 
  
 
which were allocated in respect of the Certificates
 
        
Class A
   
$
83,230,436.19
Class B
   
$
7,520,822.53
CIA
   
$
9,526,375.23
    
Total
   
$
100,277,633.95
 
 
2.
 
Allocation of Finance Charge Receivables
 
 
(a1)
 
The aggregate amount of Allocations of Finance
 
  
 
Charge Receivables processed during the Monthly
 
  
 
Period which were allocated in respect of the
 
  
 
Certificates
 
        
Class A
   
$
8,240,892.95
Class B
   
$
744,659.01
CIA
   
$
943,234.76
    
Total
   
$
9,928,786.72
 
(b1)  Principal Funding Investment Proceeds (to Class A)
   
$
0.00
(b2)  Withdrawals from Reserve Account (to Class A)
   
$
0.00
    
         Class A Available Funds
   
$
8,240,892.95
 
 
3.      Principal
 
Receivable / Investor Percentages
 
        
(a)    The aggregate amount of Principal Receivables in
         the Trust as of 08/31/02
   
$
32,869,961,732.81

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 3
  
Series 1996-2
 
 
(b)
 
Invested Amount as of 08/31/02
 
    
 
(Adjusted Class A Invested Amount
 
    
 
during Accumulation Period)
        
Class A
   
$
600,000,000.00
Class B
   
$
54,300,000.00
CIA
   
$
68,700,000.00
    
Total
   
$
723,000,000.00
 
 
(c)
 
The Floating Allocation Percentage:
        
Class A
   
1.826
%
Class B
   
0.165
%
CIA
   
0.209
%
    
Total
   
2.200
%
 
 
(d)
 
During the Accumulation Period: The Invested Amount
 
    
 
as of                  (the last day of the Revolving Period)
        
Class A
   
$
0.00
Class B
   
$
0.00
CIA
   
$
0.00
    
Total
   
$
0.00
 
 
(e)
 
The Fixed/Floating Allocation Percentage:
        
Class A
   
1.826
%
Class B
   
0.165
%
CIA
   
0.209
%
    
Total
   
2.200
%

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 4
  
Series 1996-2
 
 
4.
 
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 Monthly Period
 
             
(a)
   
  30 - 59 days
   
$
474,037,411.33
(b)
   
  60 - 89 days
   
$
304,736,754.79
(c)
   
  90 - 119 days
   
$
232,587,296.02
(d)
   
120 - 149 days
   
$
184,167,054.60
(e)
   
150 - 179 days
   
$
164,853,666.14
(f)
   
180 or more days
   
$
0.00
    
Total
   
$
1,360,382,182.88
 
 
5.
 
Monthly Investor Default Amount.
 
 
(a)
 
The aggregate amount of all defaulted Principal
Receivables written off as uncollectible during the
Monthly Period allocable to the Invested Amount
(the aggregate “Investor Default Amount”)
        
Class A
   
$
2,698,480.91
Class B
   
$
243,838.63
CIA
   
$
308,862.27
    
Total
   
$
3,251,181.81
 
 
6.
 
Investor Charge-Offs & Reimbursements of Charge-Offs.
 
 
(a)
 
The aggregate amount of Class A Investor Charge-
 
Offs
 
and the reductions in the Class B Invested
 
Amount
 
and the CIA
        
Class A
   
$
0.00
Class B
   
$
0.00
CIA
   
$
0.00
    
Total
   
$
0.00
 
 
(b)
 
The amounts set forth in paragraph 6(a) above, per
$1,000 original certificate principal amount (which
will have the effect of reducing, pro rata, the
amount of each Certificateholder’s investment)
 
        
Class A
   
$
0.00
Class B
   
$
0.00
CIA
   
$
0.00
    
Total
   
$
0.00

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 5
  
Series 1996-2
 
 
(c)
 
The aggregate amount of Class A Investor Charge-
Offs reimbursed and the reimbursement of
reductions in the Class B Invested Amount and the
CIA
 
      
Class A
   
$
0.00
Class B
   
$
0.00
CIA
   
$
0.00
    
Total
   
$
0.00
 
 
(d)
 
The amounts set forth in paragraph 6(c) above, per
$1,000 interest (which will have the effect of
increasing, pro rata, the amount of each
Certificateholder’s investment)
        
Class A
   
$
0.00
Class B
   
$
0.00
CIA
   
$
0.00
    
Total
   
$
0.00
 
 
7.
 
Investor Servicing Fee
 
 
(a)
 
The amount of the Investor Monthly Servicing Fee
payable by the Trust to the Servicer for the
Monthly Period
      
Class A
   
$
750,000.00
Class B
   
$
67,875.00
CIA
   
$
85,875.00
    
Total
   
$
903,750.00
 
 
8.
 
Reallocated Principal Collections
 
The amount of Reallocated CIA
and Class B Principal Collections applied in respect
of Interest Shortfalls, Investor Default Amounts or Investor
Charge-Offs for the prior month.
      
Class B
   
$
0.00
CIA
   
$
0.00
    
Total
   
$
0.00
 
 
9.
 
CIA Invested Amount
 
      
                  (a)    The amount of the CIA Invested Amount as of the
                close of business on the related Distribution Date after
                giving effect to withdrawals, deposits and payments to
                be made in respect of the preceding month
   
$68,700,000.00

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 6
  
Series 1996-2
 
        
          (b)    The Required CIA Invested Amount as of the
                    close of business on the related Distribution Date after
                    giving effect to withdrawals, deposits and payments to
                    be made in respect of the preceding month
   
$
68,700,000.00
 
10.    The Pool Factor
 
 
      
 
The Pool Factor (which represents the ratio of the amount of the Investor Interest on the last day of the Monthly Period, inclusive of any principal payments to be made on the related Distribution Date, to the amount of the Investor Interest as of the Closing Date). The amount of a Certificateholder’s pro rata share of the Investor Participation Amount can be determined by multiplying the original denomination of the holder’s Certificate by the Pool Factor
 
      
Class A
   
1.00000000
Class B
   
1.00000000
Total
   
1.00000000
 
11.    The Portfolio Yield
 
        
The Portfolio Yield for the related Monthly Period
   
10.77
%
 
12.    The Base Rate
 
        
The Base Rate for the related Monthly Period
   
4.05
%
 
C
 
Information Regarding the Principal Funding Account
 
1.
  
Accumulation Period
         
(a)
  
Accumulation Period Commencement Date
   
 
05/01/2003
 
(b)
  
Accumulation Period Length (months)
   
 
1
 
(c)
  
Accumulation Period Factor
   
 
22.20
 
(d)
  
Required Accumulation Factor Number
   
 
8
 
(e)
  
Controlled Accumulation Amount
   
$
723,000,000.00
 
(f)
  
Minimum Payment Rate (last 12 months)
   
 
13.44
%

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 7
  
Series 1996-2
 
 
2.
 
Principal Funding Account
        
Beginning Balance
   
$
0.00
        Plus:    Principal Collections for related Monthly Period from
       
                    Principal Account
   
 
0.00
        Plus:    Interest on Principal Funding Account Balance for
       
                    related Monthly Period
   
 
0.00
        Less:    Withdrawals to Finance Charge Account
   
 
0.00
        Less:    Withdrawals to Distribution Account
   
 
0.00
    
Ending Balance
   
 
0.00
 
 
3.
 
Accumulation Shortfall
 
            The Controlled Deposit Amount for the previous
       
            Monthly Period
   
$
0.00
Less:    The amount deposited into the Principal Funding
       
            Account for the Previous Monthly Period
   
$
0.00
            Accumulation Shortfall
   
$
0.00
    
            Aggregate Accumulation Shortfalls
   
$
0.00
 
 
4.
 
Principal Funding Investment Shortfall
        
            Covered Amount
   
$
0.00
Less:    Principal Funding Investment Proceeds
   
$
0.00
    
            Principal Funding Investment Shortfall
   
$
0.00
    
 
D.    Information Regarding the Reserve Account
 
 
1.
 
Required Reserve Account Analysis
             
(a)
   
Required Reserve Account Amount percentage
   
0.00000
%
             
(b)
   
Required Reserve Account Amount ($)
.5% of Invested Amount or other amount
designated by Transferor)
   
$0.00
 
             
(c)
   
Required Reserve Account Balance after effect of
any transfers on the Related Transfer Date
   
$0.00
 
             
(d)
   
Reserve Draw Amount transferred to the Finance
Charge Account on the Related Transfer Date
   
$0.00
 

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
  
Series 1996-2
Page 8
    
 
 
2.
 
Reserve Account Investment Proceeds
        
Reserve Account Investment Proceeds transferred to the
Finance Charge Account on the Related Transfer Date
   
$
0.00
 
 
3.
 
Withdrawals from the Reserve Account
        
Total Withdrawals from the Reserve Account transferred
to the Finance Charge Account on the related Transfer
Date (1 (d) plus 2 above)
   
$
0.00
 
 
4.
 
The Portfolio Adjusted Yield
        
The Portfolio Adjusted Yield for the related Monthly Period
   
6.56
%

 
MONTHLY CERTIFICATEHOLDER’S STATEMENT
Signature Page
 
First USA Bank, National Association
as Servicer
By:
  
/s/    MICHAEL J. GRUBB        
   
Michael J. Grubb
First Vice President