EXHIBIT 28E
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
First USA Bank, National Association
FIRST CHICAGO MASTER TRUST II
Series 1996-Q
February 12, 2001
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 as amended and restated as of September 1,
1999, by and between First USA Bank, National Association,, as Seller and
Servicer ("First USA"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1996-Q
Supplement dated as of September 1, 1996 by and between First USA and the
Trustee, First USA, as Servicer, is required to prepare certain information for
each Payment Date regarding current distributions to Class A Certificateholders
and the performance of the First Chicago Master Trust II (the "Trust") during
the previous period. The information which is required to be prepared with
respect to the distribution on the February 15, 2001 Payment Date and with
respect to the performance of the Trust during the Due Period for such Payment
Date is set forth below. Certain of the information is presented on the
aggregate amounts for the Trust as a whole. All capitalized terms used herein
shall have the respective meanings set forth in the Pooling and Servicing
Agreement.
A. Information Regarding the Current Distribution (Stated on the Basis of $1,000
Original Principal Amount)
1. The total amount of the distribution to Class A
Certificateholders on the Payment Date per $1,000
interest. $5.010
2. The amount of the distribution set forth in paragraph
1 above in respect of principal on the Class A
Certificates, per $1,000 interest $0.000
3. The amount of the distribution set forth in paragraph
1 above in respect of interest on the Class A
Certificates, per $1,000 interest $5.010
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
------------------------------
a. The aggregate amount of Collections of Receivables
processed for the Due Period with respect to the
current Distribution Date which were allocated in
respect of the Investor Certificates of all Series $2,303,550,148.05
b. The aggregate amount of Collections of Receivables
processed for the Due Period with respect to the
current Distribution Date which were allocated in
respect of the Series 1996-Q Certificates $342,676,881.56
c. The aggregate amount of Collections of Receivables
processed for the Due Period with respect to the
current Distribution Date which were allocated in
respect of the Class A Certificates $299,842,271.23
d. The amount of Collections of Receivables processed
for the Due Period with respect to the current
Distribution Date which were allocated in respect of
the Class A Certificates, per $1,000 interest $333.158
e. The amount of Excess Spread for the Due Period with
respect to the current Distribution Date $8,862,072.16
f. The amount of Reallocated Principal Collections for
the Due Period with respect to the current
Distribution Date allocated in respect of the Class A
Certificates $0.00
g. The amount of Excess Finance Charge Collections
allocated in respect of the Series 1996-Q
Certificates, if any $0.00
Series 1996-Q
h. The amount of Excess Principal Collections allocated
in respect of the Series 1996-Q Certificates, if any $0.00
2. Receivables in Trust
--------------------
a. Aggregate Principal Receivables for the Due Period
with respect to the current Distribution Date (which
reflects the Principal Receivables represented by the
Exchangeable Seller's Certificate and by the Investor
Certificates of all Series) $14,948,586,259.11
b. The amount of Principal Receivables in the Trust
represented by the Series 1996-Q Certificates (the
"Invested Amount") for the Due Period with respect to
the current Distribution Date $1,028,571,429.00
c. The amount of Principal Receivables in the Trust
represented by the Class A Certificates (the "Class A
Invested Amount") for the Due Period with respect to $900,000,000.00
the current Distribution Date
d. The Invested Percentage with respect to Finance
Charge Receivables (including Interchange) and
Defaulted Receivables for the Series 1996-Q
Certificates for the Due Period with respect to the
current Distribution Date 6.881%
e. The Invested Percentage with respect to Principal
Receivables for the Series 1996-Q Certificates for
the Due Period with respect to the current
Distribution Date 6.881%
f. The Class A Floating Percentage for the Due Period
with respect to the current Distribution Date 87.500%
g. The Class A Principal Percentage for the Due Period
with respect to the current Distribution Date 87.500%
h. The Collateral Floating Percentage for the Due Period
with respect to the current Distribution Date 12.500%
i. The Collateral Principal Percentage for the Due
Period with respect to the current Distribution Date 12.500%
3. Delinquent Balances
-----------------------
The aggregate amount of outstanding balances in the
Accounts which were 30 or more days delinquent as of
the end of the Due Period for the current
Distribution Date $710,517,966.74
4. Investor Default Amount
---------------------------
a. The aggregate amount of all Defaulted Receivables
written off as uncollectible during the Due Period
with respect to the current Distribution Date
allocable to the Series 1996-Q Certificates (the
"Investor Default Amount")
1. Investor Default Amount $6,281,484.12
2. Recoveries $181,793.02
3. Net Default Receivables $6,099,691.10
Series 1996-Q
b. The Class A Investor Default Amount
1. Investor Default Amount $5,496,298.60
2. Recoveries $159,068.89
3. Net Default Receivables $5,337,229.71
c. The Collateral Investor Default Amount
1. Investor Default Amount $785,185.52
2. Recoveries $22,724.13
3. Net Default Receivables $762,461.39
5. Investor Charge-offs.
-------------------------
a. The amount of the Class A Investor Charge-Offs per
$1,000 interest after reimbursement of any such Class
A Investor Charge-Offs for the Due Period with
respect to the current Distribution Date $0.00
b. The amount attributable to Class A Investor Charge-
Offs, if any, by which the principal balance of the
Class A Certificates exceeds the Class A Invested
Amount as of the end of the day on the Record Date
with respect to the current Distribution Date $0.00
c. The amount of the Collateral Charge-Offs,if any, for
the Due Period with respect to the current
Distribution Date $0.00
6. Monthly Servicing Fee
-------------------------
a. The amount of the Monthly Servicing Fee payable from
available funds by the Trust to the Servicer with
respect to the current Distribution Date $214,285.71
b. The amount of the Interchange Monthly Servicing Fee
payable to the Servicer with respect to the current
Distribution Date $1,071,428.57
7. Available Cash Collateral Amount
------------------------------------
a The amount, if any, withdrawn from the Cash
Collateral Account for the current Distribution Date
(the "Withdrawal Amount") $0.00
b. The amount available to be withdrawn from the Cash
Collateral Account as of the end of the day on the
current Distribution Date, after giving effect to all
withdrawals, deposits and payments to be made on such
Distribution Date (the "Available Cash Collateral
Amount" for the next Distribution Date) $10,285,714.00
c. The amount as computed in 7.b as a percentage of the
Class A Invested Amount after giving effect to all
reductions thereof on the current Distribution Date 1.143%
8. Collateral Invested Amount
------------------------------
a. The Collateral Invested Amount for the current
Distribution Date $128,571,429.00
b. The Collateral Invested Amount after giving effect to
all withdrawals, deposits, and payments on the
current Distribution Date $128,571,429.00
9. Total Enhancement Series 1996-Q
---------------------
a. The total Enhancement for the current Distribution
Date $138,857,143.00
b. The total Enhancement after giving effect to all
withdrawals, deposits and payments on the current
Distribution Date $138,857,143.00
C. The Pool Factor
- ------------------
The Pool Factor (which represents the ratio of the
Class A Invested Amount on the last day of the
month ending on the Record Date adjusted for Class
A Investor Charge-Offs set forth in B.5.a above
and for the distributions of principal set forth
in A.2 above to the Class A Initial Invested
Amount). The amount of a Class A
Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying
the original denomination of the holder's Class A
Certificate by the Pool Factor 100.00000000%
D. Deficit Controlled Amortization Amount
- -----------------------------------------
1. The Deficit Controlled Amortization Amount for the
preceding Due Period $0.00
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
Signature Page
First USA Bank, National Association
as Servicer
By: /s/ Tracie Klein
----------------------------
TRACIE KLEIN
Title: FIRST VICE PRESIDENT