Item 2. Properties ----------
The information set forth in the Current Reports on Form 8-K dated February 15, 1996 through January 15 1997, as filed by the Registrant, is incorporated herein by reference. For the monthly period ending December 31, 1996, approximately 2.50% of the accounts and 4.45% of the receivables were 30 days or more delinquent. The aggregate outstanding balance of such delinquent accounts was $413,199,875.05. Set forth below is certain information with respect to the Class A Floating Rate Asset Backed Certificates, Series 94-B ("Series 94-B Class A"), the Class B Floating Rate Asset Backed Certificates, Series 94-B ("Series 94-B Class B"), the Class A Floating Rate Asset Backed Certificates, Series 94-D ("Series 94-D Class A"), the Class B Floating Rate Asset Backed Certificates, Series 94-D ("Series 94-D Class B"), the Class A Floating Rate Asset Backed Certificates, Series 95-A ("Series 95-A Class A"), the Class B Floating Rate Asset Backed Certificates, Series 95-A ("Series 95-A Class B"), the Class A Floating Rate Asset Backed Certificates, Series 95-C ("Series 95-C Class A"), the Class B Floating Rate Asset Backed Certificates, Series 95-C ("Series 95-C Class B"), the Class A Floating Rate Asset Backed Certificates, Series 95-D ("Series 95-D Class A"), the Class B Floating Rate Asset Backed Certificates, Series 95-D ("Series 95-D Class B"), the Class A1 Fixed Rate Asset Backed Certificates, Series 95-F ("Series 95-F Class A1"), the Class A2 Floating Rate Asset Backed Certificates, Series 95-F ("Series 95-F Class A2"), the Class B Floating Rate Asset Back Certificates, Series 95-F ("Series 95-F Class B"), the Class A Floating Rate Asset Backed Certificates, Series 95-G ("Series 95-G Class A"), the Class B Floating Rate Asset Backed Certificates, Series 95-G ("Series 95-G Class B"), the Class A1 Fixed Rate Asset Backed Certificates, Series 96-A ("Series 96-A Class A1"), the Class A2 Floating Rate Asset Backed Certificates, Series 96-A ("Series 96-A Class A2"), the Class B Floating Rate Asset Backed Certificates, Series 96-A ("Series 96-A Class B"), the Class A Floating Rate Asset Backed Certificates, Series 96-B ("Series 96-B Class A"), the Class B Floating Rate Asset Backed Certificates, Series 96-B ("Series 96-B Class B"), the Class A Floating Rate Asset Backed Certificates, Series 96-C ("Series 96-C Class A"), the Class B Floating Rate Asset Backed Certificates, Series 96-C ("Series 96-C Class B"), the Class A Floating Rate Asset Backed Certificates, Series 96-D ("Series 96-D Class A"), the Class B Floating Rate Asset Backed Certificates, Series 96-D ("Series 96-D Class B"), the Class A Floating Rate Asset Backed Certificates, Series 96-E ("Series 96-E Class A") and the Class B Floating Rate Asset Backed Certificates, Series 96-E ("Series 96-E Class B").
(Certain terms used but not defined in this Form 10-K Annual Report have the meanings defined in the Pooling and Servicing Agreement dated as of December 1, 1993, filed with the Securities and Exchange Commission on June 8, 1994 as Exhibit 4.1 to the Registrant's Registration Statement on Form S-3 (No. 33-79986)).
Item 3.
Item 3. Legal Proceedings
There are no material pending legal proceedings with respect to the Trust, involving either the Trust, the Trustee or the Registrant, other than ordinary or routine litigation incidental to the Trustee's or the Registrant's duties under the Pooling and Servicing Agreement.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable.
PART II
Item 5.
Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters
(a) There is no established public trading market for the Certificates.
(b) At February 28, 1997 there were twenty-three (23) holders of record of the Series 94-B Class A Certificates, three (3) holders of record of the Series 94-B Class B Certificates, twelve (12) holders of record of the Series 94-D Class A Certificates, six (6) holders of record of the Series 94-D Class B Certificates, sixteen (16) holders of record of the Series 95-A Class A Certificates, two (2) holders of record of the Series 95-A Class B Certificates, twelve (12) holders of record of the Series 95-C Class A Certificates, one (1) holder of record of the Series 95-C Class B Certificates, thirteen (13) holders of record of the Series 95-D Class A Certificates, one (1) holder of record of the Series 95-D Class B Certificates, forty (40) holders of record of the Series 95-F Class A1 Certificates, nine (9) holders of record of the Series 95-F Class A2 Certificates, two (2) holders of record of the Series 95-F Class B Certificates, one (1) holder of record of the Series 95-G Class A Certificates, one (1) holder of record of the Series 95-G Class B Certificates, twenty-nine (29) holders of record of the Series 96-A Class A1 Certificates, seven (7) holders of record of the Series 96-A Class A2 Certificates, one (1) holder of record of the Series 96-A Class B Certificates, eleven (11) holders of record of the Series 96-B Class A Certificates, two (2) holders of record of the Series 96-B Class B Certificates, eleven (11) holders of record of the Series 96-C Class A Certificates, three (3) holders of record of the Series 96-C Class B Certificates, fifteen (15) holders of record of the Series 96-D Class A Certificates, three (3) holders of record of the Series 96-D Class B Certificates, thirteen (13) holders of record of Series 96-E Class A Certificates and three (3) holders of record of Series 96E Class B Certificates.
(c) Not applicable.
Item 6.
Item 6. Selected Financial Data
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data
See the Supplementary Trust Data relating to the performance of the Trust filed as Exhibit 99 under Item l4(a) hereof.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
PART III
Item l0. Directors and Executive Officers of the Registrant
Not applicable.
Item ll. Executive Compensation
Not applicable.
Item l2. Security Ownership of Certain Beneficial Owners and Management
(a)(i) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 94-B Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Smith 5.75% $ 38,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Bankers Trust Company 13.21% $ 87,200 c/o BT Svcs Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Chase-Chemical Bank 9.33% $ 61,600 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10004
Bankers Trust Co. 9.88% $ 65,225 First Union Safe Keeping Dealer Clearance 16 Wall Street, 5th Floor New York, NY 10005
Chase Manhattan Bank, N.A. 47.71% $314,950 1 Chase Manhattan Plaza 3B Proxy Dept. New York, NY 10081
(a)(ii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 94-B Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
CS First Boston Corp. (The) 16.66% $ 5,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Bankers Trust/Investment A/C 50.00% $15,000 16 Wall Street, 5th Floor New York, NY 10005
Boston Safe Deposit & Trust Co. 33.33% $10,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(iii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 94-D Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase Manhattan Bank 30.05% $257,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
SSB - Custodian 49.37% $422,150 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Northern Tr. 9.76% $ 83,500 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(iv) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 94-D Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase Manhattan Bank 20.00% $10,000 1 Chase Manhattan Plaza 3B-Proxy Department New York, NY 10081
Citibank, N.A. 6.00% $ 3,000 111 Wall Street 20th Floor, Zone 9 New York, NY 10043
Salomon Brothers, Inc 20.00% $10,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Barclay Bank 14.00% $7,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Bank of New York 10.00% $5,000 925 Patterson Plank Road Secaucus, NJ 07094
Swiss American Securities, Inc. 30.00% $15,000 100 Wall Street New York, NY 10005
(a)(v) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-A Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bank of New York 62.83% $376,075 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank 5.85% $ 35,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
SSB-Custodian 22.89% $137,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(vi) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-A Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
CS First Boston Corp. (The) 14.29% $ 5,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Chase Manhattan 85.71% $30,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
(a)(vii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-C Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bank of New York 12.22% $ 59,760 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust 17.60% $ 86,053 c/o BT Services Tennessee, Inc 648 Grassmere Park Dr. Nashville, TN 37211
Chase Manhattan Bank, N.A. 48.55% $237,300 1 Chase Manhattan Plaza 3B-Proxy Dept New York, NY 10081
(a)(viii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-C Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
FNB Chicago 100.00% $34,500 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(ix) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-D Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase-Chemical Bank 11.50% $ 62,000 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10043
Citibank, N.A. 6.49% $ 35,000 111 Wall Street 20th Floor, Zone 9 New York, NY 10043
FNB Chicago 7.42% $ 40,000 Edgewood, NY 11717
Rep Bank Inv. 7.42% $ 40,000 One Hanson Place, Lower Level Brooklyn, NY 11243
Chase Manhattan 17.62% $ 95,000 1 Chase Manhattan Plaza 3B Proxy Dept. New York, NY 10081
SSB-Custodian 35.64% $192,150 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(x) Each holder at February 28, 1997 of more than five percent (5%) of the Series 95-D Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
FNB Chicago 100.00% $30,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(xi) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-F Class A1 Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bank of New York 11.57% $43,800 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 20.99% $79,430 c/o BT Svcs Tennessee Inc. 648 Grassmere Park Drive Nashville, TN 37211
Northern Tr 6.17% $23,360 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
SSB-Custodian 10.61% $40,167 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Chase Manhattan 12.42% $47,000 1 Chase Plaza 3B - Proxy Dept. New York, NY 10081
Chase Manhattan of California 12.69% $48,000 2 Chase Manhattan Plaza, 5th Floor New York, NY 10081
UBS Securities, Inc. 7.92% $29,985 299 Park Ave, 8th Floor New York, NY 10171-0026
(a)(xii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-F Class A2 Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Citibank, N.A. 5.55% $ 21,000 111 Wall Street 20th Floor, Zone 9 New York, NY 10043
Rep Bank Inv. 11.90% $ 45,000 One Hanson Place, Lower Level Brooklyn, NY 11243
Bank of New York 34.10% $129,000 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan 30.00% $113,500 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
Chase-Chemical 5.28% $20,000 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10004
(a)(xiii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-F Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
BT/Inv AC 43.98% $19,625 16 Wall Street, 5th Floor New York, NY 10005
Fuji Bank 56.02% $25,000 2 World Trade Center, 81st Floor New York, NY 10048
(a)(xiv) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-G Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
First Union National Bank 100.00% $432,500 401 S. Tryon Street TR OPSCMG NC 1151 Charlotte, NC 28288
(a)(xv) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 95-G Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase Manhattan Bank 100.00% $27,500 One Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
(a)(xvi) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-A Class A1 Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bank of New York 10.56% $23,250 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Company 32.04% $70,500 c/o BT Services Tennessee, Inc. 648 Grassmere Park Road Nashville, TN 37211
Chase Manhattan Bank N.A. 6.61% $14,550 One Chase Manhattan Plaza 3B-Proxy Dept New York, NY 10081
Citibank N.A. 8.18% $18,000 111 Wall Street 80th Floor, Zone 9 New York, NY
CS First Boston Corp. 7.41% $16,320 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
SSB-Custodian 5.90% $13,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(xvii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-A Class A2 Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase Manhattan Bank 76.81% $169,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
Chemical Bank 8.63% $19,000 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10004
First National Bank of Chicago 8.18% $18,000 One First National Plaza Suite 0417 Chicago, IL 60670
(a)(xviii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-A Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Swiss American Securities, Inc. 100.00% $26,250 100 Wall Street New York, NY 10005
(a)(xix) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-B Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bank of New York 5.70% $ 37,000 925 Patterson Plank Road Secaucus, NJ 07094
Chase Manhattan Bank, N.A. 15.34% $ 99,560 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
Citibank, N.A. 37.98% $246,400 111 Wall Street 20th Floor, Zone 9 New York, NY 10043
First National Bank of Chicago 7.05% $ 45,790 One First National Plaza Suite 0417 Chicago, IL 60670
Goldman, Sachs & Co. 16.18% $105,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Northern Trust Co. 10.01% $ 65,000 801 S. Canal C - In Chicago, IL 60607
(a)(xx) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-B Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Boston Safe Deposit & Trust 39.39% $16,250 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Fuji Bank & Trust Co. 60.60% $25,000 2 World Bank Center, 81st Floor New York, NY 10048
(a)(xxi) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-C Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bank of New York 14.86% $ 90,000 925 Patterson Plank Road Secaucus, NJ 07094
Bankers Trust Co. 29.81% $180,500 c/o BT Services Tennessee, Inc. 648 Grassmere Park Dr. Nashville, TN 87211
Chase Manhattan Bank 11.72% $ 71,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
SSB-Custodian 38.07% $230,536 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(xxii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-C Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Fuji Bank & Trust Co. 65.27% $25,000 2 World Trade Center 81st Floor New York, NY 10048
Harris Trust & Savings Bank 13.05% $ 5,000 Proxy Operations 111 West Monroe Street, 1130 Chicago, IL 60603
PNC National Association 22.19% $ 8,500 1835 Market Street 11 Penn Center, 15th Floor Philadelphia, PA 19103
(a)(xxiii) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-D Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase Manhattan Bank 50.50% $305,830 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
Chemical Bank 8.28% $ 50,170 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10004
First National Bank of Chicago 7.84% $ 47,500 One First National Plaza Suite 0417 Chicago, IL 60670
Harris Trust & Savings Bank 6.27% $ 38,000 Proxy Operations 111 West Monroe Street, 1130 Chicago, IL 60603
Northern Trust Co. 8.17% $ 49,500 801 S. Canal C-In Chicago, IL 60607
(a)(xxiv) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-D Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Boston Safe Deposit & Trust 35.06% $13,500 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
Bankers Trust Co. 49.35% $19,000 16 Wall Street, 5th Floor New York, NY 10005
Morgan (J.P.) Securities, Inc. 15.58% $ 6,000 60 Wall St., 6th Floor New York, NY 10260-0060
(a)(xxv) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-E Class A Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Bankers Trust Co. 6.82% $ 29,500 c/o BT Services Tennessee, Inc. 648 Grassmere Park Dr. Nashville, TN 37211
Chase Manhattan Bank 44.62% $193,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
Chemical Bank 17.80% $ 77,000 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10004
SSB-Custodian 12.25% $ 53,000 c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
(a)(xxvi) Each holder of record at February 28, 1997 of more than five percent (5%) of the Series 96-E Class B Certificates is indicated below:
Dollar Amount of Percent Certificates of Certificates Held Name and Address of Holder Held (in $1,000's) - ------------------------------- -------------------- --------------
Chase Manhattan Bank 54.54% $15,000 1 Chase Manhattan Plaza 3B-Proxy Dept. New York, NY 10081
Chemical Bank 36.36% $10,000 Auto Settle Dept. 4 New York Plaza, 4th Floor New York, NY 10004
Harris Trust & Savings Bank 9.09% $2,500 Proxy Operations 111 West Monroe St., 1130 Chicago, IL 60603
(b) Not applicable.
(c) Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions
Not applicable.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) Supplementary Trust Data relating to performance of the Trust is being filed herewith as Exhibit 99.
(b) See Item 2.
(c) Exhibits
Exhibit No. Description of Exhibit ----------- ----------------------
24 Powers of Attorney (included on signature page)
99 Supplementary Trust Data
(d) Not applicable. No annual report or proxy material has been sent to security holders.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
ADVANTA MASTER CREDIT CARD TRUST II BY: Advanta National Bank USA, as Servicer
Dated: March 28, 1997 By: /s/James J. Allhusen -------------------- James J. Allhusen President and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned does hereby constitute and appoint Dennis Alter, William A. Rosoff, Alex W. Hart, James J. Allhusen, John J. Calamari, David D. Wesselink and Gene S. Schneyer, or any of them (with full power to each of them to act alone), his or her true and lawful attorney-in-fact and agent, with full power of substitution, for him or her and on his or her behalf to sign, execute and file an Annual Report on Form 10-K under the Securities Exchange Act of 1934, as amended, for the fiscal year ended December 31, 1996 relating to ADVANTA Master Credit Card Trust II and any or all amendments thereto, with all exhibits and any and all documents required to be filed with respect thereto, with the Securities and Exchange Commission or any regulatory authority, granting unto such attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he or she might or could do if personally present, hereby ratifying and confirming all that such attorneys-in-fact and agents, or any of them, or their substitute or substitutes, may lawfully do or cause to be done.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of Advanta National Bank USA, as Servicer for the ADVANTA Master Credit Card Trust II and in the capacities indicated on the 28th day of March, 1997.
Signature Title
/s/James J. Allhusen President, Chief Executive - ------------------------- Officer and Director James J. Allhusen
/s/William A. Rosoff Vice Chairman and Director - ------------------------- William A. Rosoff
/s/Alex W. Hart Executive Vice Chairman - ------------------------- and Director Alex W. Hart
/s/David D. Wesselink Senior Vice President, Chief - ------------------------- Financial Officer and Director David D. Wesselink
/s/John J. Calamari Vice President, Finance, Chief - ------------------------- Accounting Officer and Director John J. Calamari
/s/Jeffrey D. Beck Senior Vice President, Treasurer - ------------------------- and Director Jeffrey D. Beck
INDEX TO EXHIBITS
Exhibit Description of Sequential Page Number Exhibit Number - ------------------------------------------------------------------------------
24 Powers of Attorney 34 (included on signature page)
99 Supplementary Trust Data 37