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Chase Manhattan Credit Card Master Trust Series 1996-3
June 15, 2001
EXHIBIT C
FORM OF MONTHLY CERTIFICATEHOLDERS STATEMENT
THE CHASE MANHATTAN BANK USA, N.A.
Chase Manhattan Credit Card Master Trust
Series 1996-3
For the Distribution Date 06/15/01
For the Monthly Period 60
Under Section 5.02 of the Pooling and Servicing Agreement dated as of
June 1, 1991 and the Series 1996-3 Supplement dated as of June 1, 1996
(together, the Agreement) by and between The Chase Manhattan Bank USA,
N.A. (Chase) and Yasuda Bank and Trust Company (U.S.A.), as trustee
(the Trustee), Chase, as Servicer, is required to prepare certain
information each month regarding current distributions to Series
1996-3 Certificateholders and the performance of the Chase Manhattan
Credit Card Master Trust (the Trust) and the Series 1996-3 Class A
Certificates and Series 1996-3 Class B Certificates during the
previous month. 06/15/01
The information which is required to be prepared with respect to the May, 2001
Distribution Date and with respect to the performance of the Trust 60
during the month (the Monthly Period) is set forth below. Certain of
the information is presented on the basis of an original principal
amount of $1,000 per Series 1996-3 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.
I. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE
CLASS A AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF
$1,000 ORIGINAL CERTIFICATE PRINCIPAL AMOUNT)
A) The total amount of the distribution to Series 1996-3 06/15/01
Certificateholders on per $1,000 original certificate
principal amount
(1) Class A Certificateholders 0.000000
(2) Class B Certificateholders 1,006.008333
B) The amount of the distribution set forth in paragraph 1
above in respect of principal of the 1996-3 Certificates,
per $1,000 original certificate principal amount
(1) Class A Certificateholders 0.000000
(2) Class B Certificateholders 1,000.000000
C) The amount of the distribution set forth in paragraph 1
above in respect of interest on the 1996-3 Certificates,
per $1,000 original certificate principal amount
(1) Class A Certificateholders 0.000000
(2) Class B Certificateholders 6.008333
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Chase Manhattan Credit Card Master Trust Series 1996-3
June 15, 2001
II. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
A) Collections
(1) The aggregate amount of Collections processed with
respect to the preceding Monthly Period and allocated
to the Series 1996-3 Certificates was equal to 142,336,335.55
(2) The Payment Rate with respect to the preceding
Monthly Period was equal to 13.91 %
The monthly payment rate for the 2nd preceding 59
Monthly Period was equal to 13.65 %
The monthly payment rate for the 3rd preceding 58
Monthly Period was equal to 13.72 %
(3)a. The aggregate amount of Collections of Principal
Receivables processed with respect to the preceding
Monthly Period which were allocated in respect of
the Series 1996-3 Certificates 141,172,182.46
(3)b. The aggregate amount of Investor Defaults treated as
Available Principal Collections pursuant to sections
4.08 a.(iii), 4.10 (b),(e),(l) 375,982.29
(4) The aggregate amount of Collections of Finance
Charge Receivables processed with respect to the
preceding Monthly Period which were allocated in
respect of the Series 1996-3 Certificates 1,164,153.09
B) Deficit Controlled Amortization Amount 0.00
C) Principal Receivables in the Trust and Allocation Percentages
(1) The aggregate amount of Principal Receivables in the
Trust as of the end of the preceding Monthly Period
(represented by the Seller Interest, the Investor
Interest of Series 1996-3, and the Investor Interest
of all other outstanding Series) 2,630,295,819.28
(2) The Investor Interest as of the last day of the
preceding Monthly Period
(a) Investor Interest 74,865,593.58
(b) Class A Investor Interest 0.00
(c) Class B Investor Interest 42,780,000.00
(d) Collateral Interest 32,085,593.58
(3) The Investor Interest set forth in paragraph C(2)(a)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph C(1)
above 2.8463 %
(4) The Class A Investor Interest set forth in paragraph
C(2)(b) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above 0.0000 %
(5) The Class B Investor Interest set forth in paragraph
C(2)(c) above as a percentage of the aggregate amount
of Principal Receivables set forth in paragraph C(1)
above 0.0000 %
(6) The Collateral Interest set forth in paragraph C(2)(d)
above as a percentage of the aggregate amount of
Principal Receivables set forth in paragraph C(1)
above 1.219847 %
(7) The Class A Floating Percentage 0.0000 %
(8) The Class B Floating Percentage 57.1424 %
(9) The Class B Principal Percentage 3.9999 %
(10) The Collateral Floating Percentage 42.8576 %
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Chase Manhattan Credit Card Master Trust Series 1996-3
June 15, 2001
(11) The Collateral Principal Percentage 6.5001 %
(12) The Floating Allocation Percentage 2.8349 %
(13) The Principal Allocation Percentage 40.4997 %
D) Portfolio Yield and Base Rate
(1) The annualized Portfolio Yield for the preceding
Monthly Period was equal to 18.66 %
The annualized portfolio yield for the 2nd preceding 59
Monthly Period was equal to 7.35 %
The annualized portfolio yield for the 3rd preceding 58
Monthly Period was equal to 10.63 %
The three month average Portfolio Yield was equal to 12.22 %
(2) Base Rate for the preceding Monthly Period was
equal to 8.17 %
The Base Rate for the 2nd preceding Monthly Period 59
was equal to 7.37 %
The Base Rate for the 3rd preceding Monthly Period 58
was equal to 7.60 %
E) Delinquent Balances
The aggregate amount of outstanding balances in the Accounts
which were delinquent as of the end of the last day of the
preceding Monthly Period:
Up to 29 Days
Aggregate Account Balance 119,210,003.75
As a Percentage of Receiveables 4.32 %
(2) 30 - 59 Days
Aggregate Account Balance 41,082,702.24
As a Percentage of Receiveables 1.49 %
(3) 60 - 89 Days
Aggregate Account Balance 28,656,581.20
As a Percentage of Receiveables 1.04 %
(4) 90 or More Days
Aggregate Account Balance 55,926,978.85
As a Percentage of Receiveables 2.03 %
Total
Aggregate Account Balance 244,876,266.04
As a Percentage of Receiveables 8.87 %
F) Investor Default Amount
(1) The aggregate amount of all defaulted Principal
Receivables written off as uncollectible with respect
to Billing Cycles ending during the preceding
Monthly Period allocable to the Investor Interest
less Recoveries allocable to the Investor Interest
(the Series 1996-3 Aggregate Investor Default Amount) 375,982.29
(2) The portion of the series 1996-3 Aggregate Investor
Default Amount allocable to the Class A Investor
Interest (the Class A Investor Default Amount) 0.00
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Chase Manhattan Credit Card Master Trust Series 1996-3
June 15, 2001
(3) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Class B Investor
Interest (the Class B Investor Default Amount) 214,845.32
(4) The portion of the Series 1996-3 Aggregate Investor
Default Amount allocable to the Collateral Investor
Interest (the Collateral Investor Default Amount) 161,136.97
(5) The annualized investor default percentage (Series
1996-3 Aggregate Investor Default Amount/Investor
Interest) x 12 for the preceding Monthly Period was
equal to 6.03 %
The annualized investor default % for (the 2nd
preceding Monthly Period), the Monthly Period, 59
was equal to 1.03 %
The annualized investor default % for (the 3rd
preceding Monthly Period), the Monthly Period, 58
was equal to 1.58 %
G) Investor Charge Offs
(1) The aggregate amount of Class A Investor Charge-Offs
for the preceding Monthly Period 0.00
(2) The aggregate amount of Class A Investor Charge Off
per $1,000 original Certificate Principal Amount 0.00
(3) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
the Distribution Date 0.00
(4) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(2) above, per $1,000 original
Class A Certificate principal amount 0.00
(5) The aggregate amount of Class B Investor Charge-Offs
for such Monthly Period 0.00
(6) The aggregate amount of Class B Investor Charge Off
per $1,000 original Certificate Principal Amount 0.00
(7) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Transfer Date immediately preceding
such Distribution Date 0.00
(8) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(6) above, per $1,000 original
Class B Certificate principal amount 0.00
(9) The aggregate amount of Investor Charge-Offs 0.00
(10) The aggregate Investor Charge Off per $1,000 Original
Certificate Principal Amount 0.00
(11) The aggregate amount of reimbursed Investor Charge-Offs 0.00
(12) The amount of the reimbursed Investor Charge-Offs set
forth in paragraph G(9) above, per $1,000 original
Investor principal amount 0.00
H) Shared Excess Finance Charge Collection
The aggregate amount of shared Excess Finance Charge Collections
during the preceding Monthly Period which were allocated to the
Series 1996-3 Certificates 0.00
I) Shared Principal Collections
The aggregate amount of Shared Principal Collections during the
preceding Monthly Period allocated to the Series 1996-3 Certificates 0.00
J) Reallocated Principal Collections
(1) Collections of Principal Receivables allocable to
Class B Certificates paid with respect to Class A
Certificates to make up deficiencies in Class A Required
Amount for any Monthly Period 0.00
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Chase Manhattan Credit Card Master Trust Series 1996-3
June 15, 2001
(2) Collections of Principal Receivables allocable to
Collateral Interest paid with respect to Class B
Certificates to make up deficiencies in Class B
Required Amount 0.00
K) Monthly Investor Servicing Fee
(1) The amount of the Monthly Investor Servicing Fee
payable by the Trust to the Servicer for the
preceding Monthly Period 134,134.19
(2) The amount of the Class A Monthly Servicing Fee
payable by the Trust for the preceding Monthly Period 0.00
(3) The amount of the Class B Monthly Servicing Fee
payable by the Trust to the Servicer for the
preceding Monthly Period 76,647.50
(4) The amount of the Collateral Monthly Servicing Fee
payable by the Trust to the Servicer for the
preceding Monthly Period 57,486.69
L) Collateral Interest
(1) The Available Collateral Interest, as of the close
of Transfer Date for the preceding Monthly Period
was equal to 32,085,593.58
M) Required Collateral Interest
(1) The Required Collateral interest as of the Transfer
Date for the preceding Monthly Period was equal to 0.00
III. THE POOL FACTOR
A) The Pool Factor for the Record Date for the distribution to be
made on the Distribution date(which represents the ratio of the
amount of the Investor Interest as of such Record Date
(determined after taking into account any reduction in the
Investor Interest which will occur on the Distribution Date) to
the Initial Investor Interest). The amount of a Certificateholders
pro rata share of the Investor Interest can be determined by
multiplying the original denomination of the Certificateholders
Certificate by the Pool Factor. 0.00000000
THE CHASE MANHATTAN BANK USA, N.A.
Servicer
By:
--------------------------------
Name: Patricia Garvey
Title: Vice President
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