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ANNUAL CERTIFICATEHOLDERS' STATEMENT
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FIRST DEPOSIT MASTER TRUST SERIES 1993-2
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Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1993
(as amended and supplemented, the "Agreement"), as supplemented by the Series
1993-2 Supplement (as amended and supplemented, the "Series Supplement"),
among First Deposit National Bank, Seller and Servicer ("First Deposit"),
Providian National Bank (formerly First Deposit National Credit Card Bank),
Seller, and Bankers Trust Company, Trustee, First Deposit as Servicer is
required to prepare certain information each year regarding current
distributions to Investor Certificateholders and the performance of the First
Deposit Master Trust (the "Trust") during the previous year. The information
which is required to be prepared for the Series 1993-2 Certificates with
respect to the year ended December 31, 1996, and with respect to the
performance of the Trust during 1996 is set forth below. Certain of the
information is presented on the basis of an original principal amount of
$1,000 per Investor Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust as a whole.
Capitalized terms used in this Certificate have their respective meanings set
forth in the Agreement or Series Supplement, as applicable.
A) Information Regarding the 1996 Distribution for the Series 1993-2
Certificates (stated on the basis of $1,000 original certificate principal
amount)
(1) The total amount distributed to Series 1993-2 Certificateholders
per $1,000 original certificate principal amount $57.500000
(2) The amount set forth in A(1) above distributed to Series 1993-2
Certificateholders with respect to interest per $1,000 original
certificate principal amount $57.500000
(3) The amount set forth in A (1) above distributed to Series 1993-2
Certificateholders with respect to principal per $1,000 original
certificate principal amount $0.000000
B) Information Regarding the Performance of the Trust
(1) Allocation of Receivables Collections to the Series 1993-2
Certificates
(a) The aggregate amount of Finance Charge Receivables collected
during 1996 $844,186,405.74
(b) The aggregate amount of Principal Receivables collected
during 1996 $3,040,885,588.86
(c) The weighted average Floating Allocation Percentage with
respect to the Series 1993-2 Certificates for 1996 11.953089%
(d) The weighted average Principal Allocation Percentage with
respect to the Series 1993-2 Certificates for 1996 11.927882%
(e) The Finance Charge Receivables, collected and allocated to
the Series 1993-2 Certificates for 1996 $100,906,352.04
(f) The Principal Receivables collected and allocated to the
Series 1993-2 Certificates for 1996 $362,713,243.32
(2) Available Finance Charge Collections for Series 1993-2 for 1996
(a) The Finance Charge Receivables collected and allocated to
the Series 1993-2 Certificates $100,906,352.04
(b) Collection Account and Special Funding Account investment
earnings allocated to the Series 1993-2 Certificates $249,095.38
(c) Additional Finance Charges from other Series allocated to
the Series 1993-2 Certificates $0.00
(d) Principal Funding Account Investment Proceeds $0.00
(e) Reserve Account withdrawals $0.00
(f) Available Finance Charge Collections for Series 1993-2
(total of (a), (b), (c), (d) and (e) above) $101,155,447.42
(3) Available Principal Collections for Series 1993-2 for the Monthly
Period immediately preceding the Distribution Date
(a) The Principal Receivables collected and allocated to the
Series 1993-2 Certificates $362,713,243.32
(b) Shared Principal Collections from other Series allocated to
the Series 1993-2 Certificates $0.00
(c) Additional amounts to be treated as Available Principal
Collections pursuant to the Series Supplement $33,181,833.91
(d) Available Principal Collections for Series 1993-2 (total of
(a), (b) and (c) above) $395,895,077.23
(4) Delinquent Balances in the Trust
The aggregate outstanding balance of the Accounts which were
delinquent as of the close of business on the last day of 1996.
(a) 31-60 days $ 97,685,404
(b) 61-90 days 55,133,614
(c) 91 or more days 92,468,624
(d) Total Delinquencies $ 245,287,642
(5) Defaulted Amount
(a) The aggregate amount of Defaulted Receivables with respect
to the Trust for 1996 $315,272,630.65
(b) The aggregate amount of Recoveries of Defaulted Receivables
processed during 1996 $35,519,395.01
(c) The Defaulted Amount for 1996 [Defaulted Receivables minus
Recoveries] $279,753,235.64
(d) The Defaulted Amount for 1996 allocable to the Series 1993-2
Certificates (the "Investor Default Amount") $33,181,833.91
(6) Investor Charge-Offs
(a) The amount withdrawn, if any, under the Series Enhancement $0.00
(b) The excess of the Investor Default Amount over the sum of
(i) the Available Finance Charge Collections applied to such Investor
Default Amount and (ii) the amount of the withdrawal, if any, under
the Series Enhancementapplied to such Investor Default Amount
(an "Investor Charge-Off") $0.00
(c) The amount of the Investor Charge-Off set forth in item 6(b)
above, per $1,000 original certificate principal amount
(which will have the effect of reducing, pro rata, the amount
of each Series 1993-2 Certificateholder's investment) $0.000000
(d) The total amount reimbursed to the Trust for such
Distribution Date in respect of Investor Charge-Offs for
prior Distribution Dates $0.00
(e) The amount set forth in item 6(d) above per $1,000 original
certificate principal amount (which will have the effect of
increasing, pro rata, the amount of each Series 1993-2
Certificateholder's investment) $0.000000
(f) The amount, if any, by which the outstanding principal
balance of the Series 1993-2 Certificates exceeds the Series
1993-2 Invested Amount as of the Distribution Date, after giving
effect to all deposits, withdrawals and distributions on such
Distribution Date $0.00
(7) Investor Monthly Servicing Fee
The amount of the Series 1993-2 Monthly Servicing Fee payable to
the Servicer during 1996 $8,750,000.00
(8) Available Series Enhancement Amount
(a) The Available Cash Collateral Amount for the Series 1993-2
Certificateholders as of the close of business on the last
Distribution Date of 1996, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date and the
related Transfer Date $100,000,000.00
(b) The percentage of the Available Cash Collateral Amount to
the Invested Amount of the Series 1993-2 Certificates as of
the close of business on the last Distribution Date of 1996,
after giving effect to all deposits, withdrawals and
distributions on such Distribution Date and the related
Transfer Date 20.00%
(c) The amount of the Enhancement Invested Amount, if any, as of
the close of business on the last Distribution Date of 1996,
after giving effect to all deposits, withdrawals and
distributions on such Distribution Date and the related
Transfer Date $0.00
(9) Principal Funding Account Amount
(a) The amount on deposit in the Principal Funding Account as of
the close of business on the last Distribution Date of 1996,
after giving effect to all deposits, withdrawals and
distributions on such Distribution Date and the related
Transfer Date $0.00
(b) Deposits in the Principal Funding Account are currently
scheduled to commence on the Distribution Date occurring in
April, 1997. (The initial funding date for the Principal
Funding Account may be modified in certain circumstances
in accordance with the terms of the Series Supplement.)
(10) Deficit Controlled Accumulation Amount
The Deficit Controlled Accumulation Amount for the last
Distribution Date of 1996, after giving effect to all deposits,
withdrawals and distributions on such Distribution Date and the
related Transfer Date $0.00
(11) Reserve Account
(a) The amount on deposit in the Reserve Account as of the close
of business on the last Distribution Date of 1996, after
giving effect to all deposits, withdrawals and distributions
on such Distribution Date and the related Transfer
Date $0.00
(b) The Required Reserve Account Amount is currently calculated
to be $0.00
(c) Deposits in the Reserve Account are currently scheduled to
commence on the Distribution Date occurring in January, 1997.
(The initial funding date for the Reserve Account may be
modified in certain circumstances in accordance with the terms
of the Series Supplement.)
C) Invested Amount
(1) The Invested Amount of the Series 1993-2 Certificates on the date
of issuance (the "Initial Invested Amount") $500,000,000.00
(2) The Invested Amount of the Series 1993-2 Certificates on the last
Distribution Date of 1996, after giving effect to all deposits,
withdrawals and distributions on such Distribution
Date $500,000,000.00
(3) The Pool Factor for the last Distribution Date of 1996 (which
represents the ratio of the Invested Amount of the Series 1993-2
Certificates as of such Distribution Date, after giving effect to
any adjustment in the Invested Amount of the 1993-2 Certificates on
such date, to the Initial Invested Amount of the Series 1993-2
Certificates). The amount of a Certificateholder's pro rata share
of the Invested Amount can be determined by multiplying the
original denomination of the Certificateholder's Certificate
by the Pool Factor 1.000000
D) Receivables Balances
(1) The aggregate amount of Principal Receivables in the Trust at the
close of business on the last day of 1996 $4,694,270,929
(2) The aggregate amount of Finance Charge Receivables in the Trust
at the close of business on the last day of 1996 $89,386,778
E) Annualized Percentages
(1) The average Gross Yield for 1996 (sum of monthly Gross Yield
divided by 12) 20.23%
(2) The average Net Loss Rate for 1996 (sum of the monthly Net Loss
Rates divided by 12) 6.64%
(3) The average Portfolio Yield for 1996 (the average Gross Yield
minus the average Net Loss Rate for the Series 1993-2 Certificates
for 1996) 13.59%
(4) The average Base Rate for 1996 (sum of the monthly Base Rates
divided by 12) 7.50%
(5) The average Net Spread (the average Portfolio Yield minus the
average Base Rate for the Series 1993-2 Certificates for
1996 6.09%
(6) The average Monthly Payment Rate (sum of monthly Payment Rates
divided by 12) 7.59%
F) Series 1993-2 Information for the Last Three Distribution Dates in 1996
1) Gross Yield
a) 12/16/96 17.36%
b) 11/15/96 21.42%
c) 10/15/96 19.46%
2) Net Loss Rate
a) 12/16/96 6.94%
b) 11/15/96 7.80%
c) 10/15/96 7.21%
3) Net Spread (Portfolio Yield Minus Base Rate)
a) 12/16/96 2.92%
b) 11/15/96 6.12%
c) 10/15/96 4.75%
Three Month Average 4.60%
4) Monthly Payment Rate
a) 12/16/96 6.57%
b) 11/15/96 7.78%
c) 10/15/96 7.38%
FIRST DEPOSIT NATIONAL BANK,
Servicer
By: /s/ David J. Petrini
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Name: David J. Petrini
Title: Senior Vice President and
Chief Financial Officer