1
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : SEPTEMBER 1996
Beginning of the Month Principal Receivables : 9,077,285,427.14
-------------------
Beginning of the Month Finance Charge Receivables : 187,341,008.31
-------------------
Beginning of the Month Discounted Receivables : 0.00
-------------------
Beginning of the Month Total Receivables : 9,264,626,435.45
-------------------
Removed Principal Receivables : 0.00
-------------------
Removed Finance Charge Receivables : 0.00
-------------------
Removed Total Receivables : 0.00
-------------------
Additional Principal Receivables : 352,679,735.19
-------------------
Additional Finance Charge Receivables : 3,387,714.92
-------------------
Additional Total Receivables : 356,067,450.11
-------------------
Discounted Receivables Generated this Period 0.00
-------------------
End of the Month Principal Receivables : 9,014,022,802.71
-------------------
End of the Month Finance Charge Receivables : 188,874,394.06
-------------------
End of the Month Discounted Receivables : 0.00
-------------------
End of the Month Total Receivables : 9,202,897,196.77
-------------------
Excess Funding Account Balance 0.00
-------------------
Invested Amount of all Master Trust Series 7,870,067,012.58
-------------------
End of the Month Seller Percentage 12.690846%
-------------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : SEPTEMBER 1996 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 56,843 145,702,303.59
----------------- -------------------
60 - 89 Days Delinquent 29,978 85,324,576.74
----------------- -------------------
90 + Days Delinquent 66,014 189,812,562.82
----------------- -------------------
Total 30 + Days Delinquent 152,835 420,839,443.15
----------------- -------------------
Delinquencies 30 + Days as a Percent of End of
the Month Total Receivables 4.57%
-------------------
Defaulted Accounts During the Month 13,417 37,095,467.57
----------------- -------------------
Annualized Default Rate as a Percent of Beginning of
the Month Principal Receivables 4.90%
-------------------
Page 6 of 30
2
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : SEPTEMBER 1996 COLLECTIONS PERCENTAGES
----------- -----------
Total Collections and Gross Payment Rate 805,056,032.69 8.69%
------------------ --------------
Collections of Principal Receivables and Principal Payment Rate 684,517,832.57 7.54%
------------------ --------------
Prior Month Billed Finance Charge and Fees 109,694,275.56
------------------
Amortized AMF Income 3,886,689.68
------------------
Interchange Collected 4,412,496.41
------------------
Recoveries of Charged Off Accounts 2,452,634.38
------------------
Collections of Discounted Receivables 0.00
------------------
Collections of Finance Charge Receivables and Annualized Yield 120,446,096.03 15.92%
------------------ --------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : SEPTEMBER 1996
Beginning Unamortized AMF Balance 19,413,266.58
--------------
+ AMF Slug for Added Accounts 887,702.59
-------------------
+ AMF Collections 3,978,793.77
-------------------
- Amortized AMF Income 3,886,689.68
-------------------
Ending Unamortized AMF Balance 20,393,073.26
--------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : SEPTEMBER 1996
Gross Principal Payment Rate 7.54%
-------------------
May 17, 1994 3% Discount of Addition 50,184,973.92
--------------
Total Discounted Receivables Collections as of Beginning of Month 50,184,973.92
-------------------
Collections of Discounted Receivables Current Month 0.00
-------------------
Discounted Receivables to be Collected 0.00
--------------
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
-------------------------------
Name : John Schmohl
Title : Director of External Reporting
Page 7 of 30