EX-99.06 8 dex9906.htm MONTHLY CERTIFICATEHOLDERS' STATEMENT 1997-1 Prepared by R.R. Donnelley Financial -- Monthly Certificateholders' Statement 1997-1
Exhibit 99.06
 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
 
FIRST USA BANK, NATIONAL ASSOCIATION
 
FIRST USA CREDIT CARD MASTER TRUST, SERIES 1997-1
 
Monthly Period:
   
8/1/02 to
    
8/31/02  
Distribution Date:
   
9/17/02  
Transfer Date:
   
9/16/02  
 
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 1997-1 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
  
$
1.52250
Class B
  
$
1.69167
CIA
  
$
2.12667
 
 
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
  
$
1.52250
Class B
  
$
1.69167
CIA
  
$
2.12667

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENTS
Series 1997-1
Page 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
 
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
     
$
104,060,835.57
Class B
     
$
9,389,632.99
CIA
     
$
11,896,573.83
      
Total
     
$
125,347,042.39
 
 
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
     
$
10,303,372.74
Class B
     
$
 929,695.49
CIA
     
$
1,177,915.13
      
Total
     
$
12,410,983.36
 
      
(b1)  Principal Funding Investment Proceeds (to Class A)
   
$                0.00
(b2)  Withdrawals from Reserve Account (to Class A)
   
$                0.00
    
         Class A Available Funds
   
$10,303,372.74
 
      
(c1)  Principal Funding Investment Proceeds (to Class B)
   
$                0.00
(c2)  Withdrawals from Reserve Account (to Class B)
   
$                0.00
    
         Class B Available Funds
   
$     929,695.49
 
      
(d1)  Principal Funding Investment Proceeds (to CIA)
   
$                0.00
(d2)  Withdrawals from Reserve Account (to CIA)
   
$                0.00
    
         CIA Available Funds
   
$  1,177,915.13
 
(e1)  Total Principal Funding Investment Proceeds
   
$                0.00
(e2)  Investment Earnings on deposits to Reserve Account
   
$                0.00

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENTS
Series 1997-1
Page 3
 
 
 
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
 
 
(b)
 
Invested Amount as of 08/31/02
 
    
 
(Adjusted Class A Invested Amount
 
    
 
during Accumulation Period)
        
Class A
   
$
750,000,000.00
Class B
   
$
67,770,000.00
CIA
   
$
85,845,000.00
    
Total
   
$
903,615,000.00
 
 
(c)
 
The Floating Allocation Percentage:
        
Class A
   
2.283
%
Class B
   
0.206
%
CIA
   
0.261
%
    
Total
   
2.750
%
 
 
(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
   
2.283
%
Class B
   
0.206
%
CIA
   
0.261
%
    
Total
   
2.750
%

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENTS
Series 1997-1
Page 4
 
 
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
   
$
3,373,840.04
Class B
   
$
304,428.84
CIA
   
$
385,708.39
    
Total
   
$
4,063,977.27
 
 
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 1997-1
 
 
(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
   
$
937,500.00
Class B
   
$
84,712.50
CIA
   
$
107,306.25
    
Total
   
$
1,129,518.75
 
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
   
$85,845,000.00

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 6
  
Series 1997-1
 
        
        (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                                                             
   
$
85,845,000.00
 
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
   
3.98%
 
C    Information Regarding the Principal Funding Account
 
1.      Accumulation Period
         
(a)    Accumulation Period Commencement Date
   
 
12/01/2003
 
(b)    Accumulation Period Length (months)
   
 
2
 
(c)    Accumulation Period Factor
   
 
5.82
 
(d)    Required Accumulation Factor Number
   
 
8
 
(e)    Controlled Accumulation Amount
   
$
451,807,500.00
 
(f)    Minimum Payment Rate (last 12 months)
   
 
13.44
%

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 7
  
Series 1997-1
 
 
 
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
Page 8
  
Series 1997-1
 
 
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
   
6.64
%
 

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