SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: January 15, 2003
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Chase Manhattan Bank, USA National Association
(on behalf of the Providian Master Trust
(formerly the First Deposit Master Trust))
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(Exact name of registrant as specified in charter)
33-59922
33-84844
33-99462
333-22131
333-55817
333-39856
United States 000-22305 22-2382028
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(State or other jurisdiction (Commission File Numbers) (IRS Employer
of incorporation) Identification No.)
White Clay Center, Building 200, Newark, DE 19711
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5000
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events:
Providian Master Trust, which was formerly known as First Deposit
Master Trust, is the issuer of a number of outstanding series of asset backed
securities.
On January 15, 2003, Chase Manhattan Bank USA, National Association
("Chase USA") distributed monthly payments to the holders of the Providian
Master Trust Series 1996-1, Series 1997-2, Series 1997-4, Series 1999-1, Series
2000-1, Series 2000-2 and Series 2000-3. Chase USA furnished copies of monthly
certificateholders' reports for each of those series as required by the Pooling
and Servicing Agreement. Copies of those monthly certificateholders' reports are
being filed as Exhibit 20.1 to this current report on Form 8-K.
The December gross portfolio yield for the trust of 17.87% is 98 bps
higher than the November gross portfolio yield. The increase in gross portfolio
yield is mainly attributable to there being two more collection days in December
than in November and seasonably higher interchange income. December charge offs
increased 48 bps to 8.41%. The increase in charge offs was due to an increase
in the number of bankruptcy filings and in the amount of contractual losses.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Reports with respect to the
January 15, 2003 distribution
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has caused this report to be signed on behalf of the Providian
Master Trust by the undersigned hereunto duly authorized.
PROVIDIAN MASTER TRUST
By: CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia M. Garvey
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Patricia M. Garvey
Vice President
Date: January 15, 2003
EXHIBIT INDEX
Exhibits Description
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20.1 Monthly Reports with respect to the
January 15, 2003 distribution