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) May 26, 2006
CHASE BANK USA, NATIONAL ASSOCIATION
(Sponsor, Depositor, Originator, Administrator and Servicer into the Issuing Entities described below)
FIRST USA CREDIT CARD MASTER TRUST
(Issuing Entity of the First USA Collateral Certificate)
CHASE CREDIT CARD MASTER TRUST
(Issuing Entity of the Chase Collateral Certificate)
CHASE ISSUANCE TRUST
(Issuing Entity of the Notes)
(Exact name of registrant as specified in its charter)
| Laws of the United States | 333-131327 | 22-2382028 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification Number) |
Chase Bank USA, National Association White Clay Center Building 200 Route 273 Newark, Delaware | 19711 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (302) 575-5000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 8 – Other Events
Item 8.01 Other Events
On May 25, 2006, pursuant to Reassignment No. 5 of Receivables (the “Reassignment No. 5 of Receivables”), between Chase Bank USA, National Association, a national banking association (the “Bank”), and The Bank of New York, a banking corporation organized and existing under the laws of the State of New York (the “Trustee”), the Trustee reconveyed accounts with an approximate aggregate amount of credit card receivables of $3.5 billion to the Bank.
The Bank services the receivables that are included in Reassignment No. 5 of Receivables and will continue to service the accounts associated with such receivables following Reassignment No. 5 of Receivables.
The management of the Bank believes that Reassignment No. 5 of Receivables will have no material effect on the Chae Credit Card Master Trust (the “Trust”) or the asset backed securities issued by the Trust.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statement and Exhibits.
The following exhibits are filed as a part of this report:
| (10.1) | Reassignment No. 5 of Receivables, dated as of May 25, 2006, by and between Chase Bank USA, National Association and The Bank of New York. |
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 thereunto duly authorized.
| CHASE BANK USA, NATIONAL ASSOCIATION, | ||
| as Sponsor, Depositor, Originator, Administrator and Servicer of the First USA Credit Card Master Trust, the Chase Credit Card Master Trust and the Chase Issuance Trust | ||
| By: | /s/ Patricia M. Garvey | |
| Name: | Patricia M. Garvey | |
| Title: | Vice President | |
Date: May 26, 2006
