1
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: April 15, 1997
--------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Virginia 0-25762 54-1719855
- ---------------------------------- ------------- -------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- ----------------
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 33
2
ITEM 5. OTHER EVENTS.
The March 1997 monthly Certificateholders Statements to
investors were distributed April 15, 1997.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under
Exhibit 28:
1. March Performance Summary
2. Series 1993-1 Class A and Class B Certificateholder's
Statements for the month of March 1997.
3. Series 1993-4 Class A and Class B Certificateholder's
Statements for
the month of March 1997.
4. Series 1994-2 Class A and Class B Certificateholder's
Statements for
the month of March 1997.
5. Series 1994-3 Class A and Class B Certificateholder's
Statements for
the month of March 1997.
6. Series 1994-4 Class A and Class B Certificateholder's
Statements for
the month of March 1997.
7. Series 1994-A Certificateholders' Statement for the
month of March 1997.
8. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of March 1997.
9. Series 1995-2 Class A and Class B Certificateholder's
Statements for the month of March 1997.
10. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of March 1997.
11. Series 1995-4 Class A and Class B Certificateholder's
Statements for the month of March 1997.
12. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of March 1997.
13. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of March 1997.
14. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of March 1997.
Page 2 of 33
3
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.
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
------------------------------
David M. Willey
Vice President
Date: April 15, 1997
Page 3 of 33
4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------------------------
EXHIBITS
TO
FORM 8-K
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Page 4 of 33
5
INDEX TO EXHIBITS
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------ -------- ------------------
1 March Performance Summary 07
2 Series 1993-1 Class A and Class B Certificate-
holder's Statements for the month of March 1997 09
3 Series 1993-4 Class A and Class B Certificate-
holder's Statements for the month of March 1997 11
4 Series 1994-2 Class A and Class B Certificate-
holder's Statements for the month of March 1997 13
5 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of March 1997 15
6 Series 1994-4 Class A and Class B Certificate-
holder's Statements for the month of March 1997 17
7 Series 1994-A Certificateholder's Statement for
the month of March 1997 19
8 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of March 1997 20
9 Series 1995-2 Class A and Class B Certificate-
holder's Statements for the month of March 1997. 22
10 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of March 1997. 24
11 Series 1995-4 Class A and Class B Certificate-
holder's Statements for the month of March 1997. 26
12 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of March 1997. 28
Page 5 of 33
6
13 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of March 1997. 30
14 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of March 1997. 32
Page 6 of 33
7
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : MARCH 1997
Beginning of the Month Principal Receivables : 9,778,750,278.70
-------------------
Beginning of the Month Finance Charge Receivables : 316,631,554.56
-------------------
Beginning of the Month Discounted Receivables : 0.00
-------------------
Beginning of the Month Total Receivables : 10,095,381,833.26
-------------------
Removed Principal Receivables : 0.00
-------------------
Removed Finance Charge Receivables : 0.00
-------------------
Removed Total Receivables : 0.00
-------------------
Additional Principal Receivables : 0.00
-------------------
Additional Finance Charge Receivables : 0.00
-------------------
Additional Total Receivables : 0.00
-------------------
Discounted Receivables Generated this Period 0.00
-------------------
End of the Month Principal Receivables : 9,385,711,328.84
-------------------
End of the Month Finance Charge Receivables : 318,453,815.75
-------------------
End of the Month Discounted Receivables : 0.00
-------------------
End of the Month Total Receivables : 9,704,165,144.59
-------------------
Excess Funding Account Balance 0.00
-------------------
Invested Amount of all Master Trust Series 8,620,067,012.58
-------------------
End of the Month Seller Percentage 8.157552%
-------------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : MARCH 1997 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 110,670 220,015,651.00
---------------- -------------------
60 - 89 Days Delinquent 66,628 131,896,313.60
---------------- -------------------
90 + Days Delinquent 171,769 328,047,131.89
---------------- -------------------
Total 30 + Days Delinquent 349,067 679,959,096.49
---------------- -------------------
Delinquencies 30 + Days as a Percent of End of the Month
Total Receivables 7.01%
-------------------
Defaulted Accounts During the Month 36,810 60,074,229.15
---------------- -------------------
Annualized Default Rate as a Percent of Beginning of
the Month Principal Receivables 7.37%
-------------------
Page 7 of 33
8
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : MARCH 1997 COLLECTIONS PERCENTAGES
----------- -----------
Total Collections and Gross Payment Rate 1,090,445,778.39 10.80%
---------------- ----------------
Collections of Principal Receivables and Principal Payment Rate 923,639,419.49 9.45%
---------------- ----------------
Prior Month Billed Finance Charge and Fees 149,885,883.55
----------------
Amortized AMF Income 9,365,550.03
----------------
Interchange Collected 6,078,368.23
----------------
Recoveries of Charged Off Accounts 3,967,748.30
----------------
Collections of Discounted Receivables 0.00
----------------
Collections of Finance Charge Receivables and Annualized Yield 169,297,550.11 20.78%
---------------- ----------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : MARCH 1997
Beginning Unamortized AMF Balance 42,954,090.26
----------------
+ AMF Slug for Added Accounts 0.00
----------------
+ AMF Collections 6,874,358.82
----------------
- Amortized AMF Income 9,365,550.03
----------------
Ending Unamortized AMF Balance 40,462,899.05
----------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : March 1997
Gross Principal Payment Rate 9.45%
----------------
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 8 of 33
9
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1993-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.3333333333
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.3333333333
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-1 Investor
Certificateholder's
Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.5000000000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.5000000000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 9 of 33
10
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-1 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
-------------------------------
Name : John Schmohl
Title : Director of External Reporting
Page 10 of 33
11
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1993-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.5815972250
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5815972250
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-4 Investor
Certificateholder's Investment) 0.00
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.8333332967
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8333332967
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 11 of 33
12
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-4 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
-------------------------------
Name : John Schmohl
Title : Director of External Reporting
Page 12 of 33
13
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.5090972381
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5090972381
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-2 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 5.7916666667
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 5.7916666667
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 13 of 33
14
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-2 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution
Date (after giving effect to any withdrawal from the Collateral Account) was equal to 47,848,091
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the
Collateral Indebtedness Holder on such Distribution Date, will be equal to 47,848,091
----------------
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
------------------------------
Name : John Schmohl
Title : Director of External Reporting
Page 14 of 33
15
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.5413194406
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5413194406
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-3 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 6.1250001228
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 6.1250001228
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 15 of 33
16
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-3 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date
(after giving effect to any withdrawal from the Collateral Account) was equal to 54,303,682
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 54,303,682
----------------
Page 16 of 33
17
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 0.0000000000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-4 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 0.0000000000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 17 of 33
18
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-4 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to 59,880,240
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 59,880,224
----------------
Page 18 of 33
19
MONTHLY CERTIFICATEHOLDERS STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-A
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
1) The total amount of the distribution to Investor Certificateholders of 1994-A on the
Payment Date is 4.5389355250
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal
on the Investor Certificate is 0.0000000000
----------------
3) The amount of the distribution set forth in paragrah 1 above in respect of interest
on the Investor Certificates 4.5389355250
----------------
Page 19 of 33
20
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.5332638889
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5332638889
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-1 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.6218750617
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.6218750617
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 20 of 33
21
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-1 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to 99,000,000
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness
Holder on such Distribution Date, will be equal to 99,000,000
----------------
Page 21 of 33
22
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.4688194333
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.4688194333
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997 44.6881943333
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 44.6881943333
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997 446.8819433333
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 446.8819433333
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------
Page 22 of 33
23
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-2 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.5574305641
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.5574305641
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-2 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------
G) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to 26,250,000
----------------
H) The Required Collateral Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness
Holder on such Distribution Date, will be equal to 26,250,000
----------------
Page 23 of 33
24
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.5010416667
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5010416667
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-3 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.5896527473
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.5896527473
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 24 of 33
25
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-3 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution
Date (after giving effect to any withdrawal from the Collateral Account) was equal to 73,500,000
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 73,500,000
----------------
Page 25 of 33
26
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 13.9230513833
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 13.9230513833
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-4 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.5413194872
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.5413194872
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
Page 26 of 33
27
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-4 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution
Date (after giving effect to any withdrawal from the Collateral Account) was equal to 52,500,000
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 52,500,000
----------------
Page 27 of 33
28
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 0.0000000000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $10,000 Original Principal Amount 0.0000000000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 0.0000000000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $100,000 Original Principal Amount 0.0000000000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 0.0000000000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------
Page 28 of 33
29
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-1 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.0000000000
----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.5977083295
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.5977083295
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-1 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.0000000000
----------------
G) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to 59,150,000
----------------
H) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness
Holder on such Distribution Date, will be equal to 59,150,000
----------------
Page 29 of 33
30
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.4607638833
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.4607638833
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $10,000 Original Principal Amount 44.6076388333
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 44.6076388333
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.00
----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $100,000 Original Principal Amount 446.0763883333
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 446.0763883333
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------
Page 30 of 33
31
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-2 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.6460416970
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.6460416970
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.00
----------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-2 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
G) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to 67,500,000
----------------
H) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 67,500,000
----------------
Page 31 of 33
32
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of April
15, 1997, and with respect to the performance of the Trust during the month
March, 1997 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 Pooling and Servicing
Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on April 15, 1997
per $1,000 Original Principal Amount 4.4768750000
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.4768750000
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-3 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on April 15, 1997
per $1,000 Original Principal Amount. 4.6702083636
----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.6702083636
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.00
----------------
Page 32 of 33
33
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-3 Investor
Certificateholder's Investment) 0.0000000000
----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
----------------
E) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to 45,000,000
----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date,
after giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 45,000,000
----------------
Page 33 of 33