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: January 16, 2001
CHASE CREDIT CARD OWNER TRUST 2000-2
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(Issuer of Securities)
CHASE MANHATTAN BANK, USA, NATIONAL ASSOCIATION
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(Exact name of registrant as specified in its charter)
United States 333-74303 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
802 Delaware Avenue, Wilmington, DE 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5050
Item 5. Other Events:
Chase Credit Card Owner Trust 2000-2 is the issuer of three classes of
asset backed notes. The notes were issued under an indenture, dated as of
April 13, 2000, between the trust and The Bank of New York, as Indenture
Trustee.
On January 16, 2001, The Chase Manhattan Bank ("Chase"), as Paying
Agent, distributed monthly interest to the holders of the notes, and provided to
holders a report including the information required by Section 7.3 of the
Indenture. A copy of the statement provided to the holders of the notes is being
filed as Exhibit 20.1 to this Current Report on Form 8-K.
On December 31, 2000, J.P. Morgan & Co. Incorporated and The Chase
Manhattan Corporation completed their merger, with the surviving corporation
being named J.P. Morgan Chase & Co. ("J.P. Morgan Chase"). Chase, Chase
Manhattan Bank USA, National Association ("Chase USA") and Morgan Guaranty Trust
Company of New York are subsidiaries of J.P. Morgan Chase.
During the fourth quarter of 2000, J.P. Morgan Chase implemented a
revised policy for consumer loan charge-offs to conform with a policy statement
adopted by the Federal Financial Institutions Examination Council ("FFIEC"). The
FFIEC policy, originally issued in February 1999, established uniform guidelines
for the charge-off of consumer loans to delinquent, bankrupt, deceased and
fraudulent borrowers. In connection with the implementation of this policy, J.P.
Morgan Chase took a $93 million charge-off for credit card, auto finance and
mortgage loans on a managed basis (i.e., including securitizations) in the
fourth quarter of 2000. Chase and Chase USA do not believe that the revised
charge-off policy will materially affect the interests of holders of the notes.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Statement to Noteholders with respect to
the January 16, 2001 distribution.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 26, 2001
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Administrator
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Statement to Noteholders dated January 16, 2001