EX-99.08 10 dex9908.htm MONTHLY CERTIFICATEHOLDERS' STATEMENT 1997-4 Prepared by R.R. Donnelley Financial -- Monthly Certificateholders' Statement 1997-4
Exhibit 99.08
 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
 
FIRST USA BANK, NATIONAL ASSOCIATION
 
FIRST USA CREDIT CARD MASTER TRUST, SERIES 1997-4
 
      
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 1997-4 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
   
$
1.61111
Class B
   
$
1.77222
CIA
   
$
2.24750
 
 
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
   
$
1.61111
Class B
   
$
1.77222
CIA
   
$
2.24750

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
  
Series 1997-4
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
   
$
69,373,890.41
Class B
   
$
6,290,142.51
CIA
   
$
7,931,049.22
    
Total
   
$
83,595,082.14
 
 
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
   
$
6,868,915.15
Class B
   
$
622,805.69
CIA
   
$
785,276.77
    
Total
   
$
8,276,997.61
 
(b1)  Principal Funding Investment Proceeds (to Class A)
   
$
0.00
(b2)  Withdrawals from Reserve Account (to Class A)
   
$
0.00
    
         Class A Available Funds
   
$
6,868,915.15
(c1)  Principal Funding Investment Proceeds (to Class B)
   
$
0.00
(c2)  Withdrawals from Reserve Account (to Class B)
   
$
0.00
         Class B Available Funds
   
$
622,805.69
(d1)  Principal Funding Investment Proceeds (to CIA)
   
$
0.00
(d2)  Withdrawals from Reserve Account (to CIA)
   
$
0.00
         CIA Avaukabke Funds
   
$
785,276.77
(e1)  Total Principal Funding Investment Proceeds
   
$
0.00
(e2)  Investment Earnings on deposits to Reserve Account
   
$
0.00
 

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
  
Series 1997-4
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
  
$
500,000,000.00
Class B
  
$
45,180,000.00
CIA
  
$
57,230,000.00
   
Total
  
$
602,410,000.00
 
 
(c)
 
The Floating Allocation Percentage:
        
Class A
   
1.522
%
Class B
   
0.138
%
CIA
   
0.174
%
    
Total
   
1.834
%
 
 
(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
   
1.522
%
Class B
   
0.138
%
CIA
   
0.174
%
    
Total
   
1.834
%

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 4
  
Series 1997-4
 
 
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
   
$
2,249,226.69
Class B
   
$
203,937.77
CIA
   
$
257,138.93
    
Total
   
$
2,710,303.39
 
 
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

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
Page 5
  
Series 1997-4
 
 
(b)
 
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
 
 
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
   
$
625,000.00
Class B
   
$
56,475.00
CIA
   
$
71,537.50
    
Total
   
$
753,012.50
 
 
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
   
$
57,230,000.00
(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
   
$
57,230,000.00

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
  
Series 1997-4
Page 6
 
 
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
   
10.78
%
 
 
12.
 
The Base Rate
        
The Base Rate for the related Monthly Period
   
4.09
%
 
C
 
Information Regarding the Principal Funding Account
1.      Accumulation Period
       
(a)    Accumulation Period Commencement Date
   
04/01/2007
 
(b)    Accumulation Period Length (months)
   
2
 
(c)    Accumulation Period Factor
   
5.32
 
(d)    Required Accumulation Factor Number
   
8
 
(e)    Controlled Accumulation Amount
   
$301,205,000.00
 
(f)    Minimum Payment Rate (last 12 months)
   
13.44
%
 
 
  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

 
MONTHLY CERTIFICATEHOLDERS’ STATEMENT
  
Series 1997-4
Page 7
 
 
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
 
 
 
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
   
6.53
%

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