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): September 17, 2002 ------------------- CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION ---------------------------------------------- (Exact Name of the registrant as specified in its charter) (on behalf of the Providian Master Trust) 33-59922 33-84844 33-99462 333-22131 333-55817 333-39856 United States 000-22305 22-2382028 - ------------- --------- ---------- (State or other (Commission File Number) I.R.S. Employer Jurisdiction of Identification No.) Incorporation) White Clay Center Building 200 Route 273 Newark, Delaware 19711 ---------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (302) 575-5000. Item 5. Other Events. ------------- The August portfolio yield for the Providian Master Trust was lower than July due to fluctuations in monthly payment activity combined with a change in the payment hierarchy for certain accounts. Effective with the conversion of the Providian Master Trust to the Chase Manhattan Bank USA, National Association ("Chase USA") platform on August 17, 2002, the payment hierarchy applied to certain closed Providian Master Trust accounts and to Providian Master Trust accounts enrolled in special repayment programs was changed to conform with Chase USA's current policy. Chase USA's policy on applying payments to certain closed accounts and accounts in special repayment programs is to apply payments in the following order: principal, interest, fees. This will result in a decrease in the portfolio yield calculated pursuant to the agreements reported for the Providian Master Trust but Chase USA anticipates that the defaulted amount reported for the Providian Master Trust will also decrease. Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits. ----------------------------------------------------------------- Exhibits 99.1 Summary performance results of the Providian Master Trust related to the August 2002 monthly period. SIGNATURES 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. CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION By: /s/ Patricia Garvey _____________________ Name: Patricia Garvey Title: Vice President Date: September 17, 2002