Item 1. BUSINESS.
The sole business of First Bank Corporate Card Master Trust (the "Trust") is to hold the Receivables and to apply the proceeds thereof to make payments to the Certificateholders, as described in the Trust's Registration Statement on Form S-1 (File No. 333-01837).
Item 2.
Item 2. PROPERTIES.
Not applicable.
Item 3.
Item 3. LEGAL PROCEEDINGS.
Not applicable.
Item 4.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Not applicable.
PART II
Item 5.
Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
As of December 31, 1998, the Trust had three holders of record of the Series 1997-1 Certificates, computed in accordance with Rule 12g5-1 under the Securities Exchange Act of 1934, as amended.
Item 6.
Item 6. SELECTED FINANCIAL DATA.
Not applicable.
Item 7.
Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.
Not applicable.
Item 7A.
Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Not applicable.
Item 8.
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Not applicable.
Item 9.
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
Not applicable.
PART III
Item 10.
Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.
Not applicable.
Item 11.
Item 11. EXECUTIVE COMPENSATION.
Not applicable.
Item 12.
Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.
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) The Independent Accountants' Servicing Report, delivered pursuant to Section 3.6 of the Pooling and Servicing Agreement dated as of February 1, 1997, among U.S. Bank National Association ND (formerly First Bank of South Dakota (National Association), as Transferor, FBS Card Services, Inc., as Servicer, and Citibank, N.A., as Trustee, is filed herewith.
(b) None.
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 hereunto duly authorized.
FIRST BANK CORPORATE CARD MASTER TRUST
By U.S. Bank National Association ND as Originator
Dated: May 21, 1999 By: /s/ David P. Grandstrand --------------------------- David P. Grandstrand Senior Vice President and Treasurer
EXHIBIT INDEX
ITEM
99.1 The Independent Accountants' Servicing Report, delivered pursuant to Section 3.6 of the Pooling and Servicing Agreement dated as of February 1, 1997, among U.S. Bank National Association ND (formerly First Bank of South Dakota (National Association)), as Transferor, FBS Card Services, Inc., as Servicer, and Citibank, N.A., as Trustee, is filed herewith.