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Major bank credit card portfolio sales transactions (dollar amounts in millions)

part 1 of 4

Buyer

Banc One Corp., Columbus, Ohio

Fleet Financial Group, Boston

Citicorp, New York

Chase Manhattan Corp., New York

Providian Financial Corp., San Francisco

Norwest Corp., Minneapolis

Providian Financial Corp., San Francisco

Citicorp, New York

BankAmerica Corp., San Francisco

Fleet Financial Group, Boston

part 2 of 4

Date Assets

Seller announcesold/purch.

Chevy Chase Bank, Frederick, Md. 9/3/98 $4,900

Crestar Financial Corp., Richmond 7/9/98 600

Diners Club Intl., Switzerland 7/8/98 N/A

Marine Midland Bank, Buffalo 4/29/98 325

First Union Corp., Charlotte, NC 4/1/98 1,100

T. Eaton Co., Limited, Toronto, C 2/16/98 370

First Union Corp., Charlotte, NC 12/29/97 1,100

AT&T Corp., New York 12/17/97 15,000

First Maryland Bancorp., Baltimor12/11/97 612

Advanta Corp., Horsham, Pa. 10/28/97 10,500

part 3 of 4

Buyer

Chase Manhattan Corp., New York

Undisclosed Acquirer

Metris Companies Inc., Minneapolis

Metris Companies Inc., Minneapolis

Partners First Holdings LLC, Baltimore

Chase Manhattan Corp., New York

Associates First Capital Corp., Dallas

Associates First Capital Corp., Dallas

Associates First Capital Corp., Dallas

Banc One Corp., Columbus, Ohio

part 4 of 4

Date Assets

Seller announced sold/purch.

Bank of New York Co. Inc. 10/21/97 $4,000

NationsBank Corp., Charlotte, NC 9/30/97 305

Mercantile Bancorp., Inc., St. Loui 9/24/97 420

KeyCorp, Cleveland 9/12/97 330

BankBoston/Bank of Montreal (Harris 9/4/97 2,250

First Maryland Bancorp., Baltimore 8/21/97 355

Bank of New York Co. Inc. 3/5/97 800

Texaco Credit Card Bank NA, Omaha 1/15/97 700

JC Penney Company Inc., Plano, Tx. 1/7/97 740

First USA, Inc., Wilmington, Del. 1/20/97 10,226

Data sources: American Banker Research survey, Sheshunoff Information Services, Austin, Tx. (Bank chartered institution components on the balance sheet books of the company culled from the FDIC regulatory call reports), Bloomberg (Managed Loan component for companies who did not reply to the American Banker survey), FDIC (Overall Bank & Thrift core loan portfolio nonperforming and net charge-off industry average ratios), Federal Reserve Board's Bulletin (Total Credit Card market data). Managed Credit Card Receivables comprise loans on the books plus securitized assets outstanding backed by credit card revolving loans receivable. Total Credit Card Market includes all revolving credit issued by commercial banks, finance companies, credit unions, retailers, savings institutions, gasoline companies, and pools of securitized credit card receivables. Top 50's share of the Total Credit Card Market is the top 50 as a percentage of all revolving credit outstanding. Noncurrent as a % of Total Credit Card Loans on the books is noncurrent credit card loans (90 days or greater past due) expressed as a percentage of card loans on the books. Net Chargeoff as a % of Total Credit Card Loans reflects chargeoffs of credit card loans less recoveries as a % of loans on the books at the end of the quarter, expressed as an annual percentage. Noncurrent and charge-offs ratios are noted for both the top 50 and for all FDIC - insured banks. Total Card Industry Securitizations reflect outstanding balances of pools upon which securities have been issued, and are backed by credit card loans receivable, for which these balances are no longer carried on the balance sheet of the credit card issuer with or without recourse. Historical Reference: 1986-Sept. 8: 1987-Sept. 18; 1988-Sept. 26; 1989- Sept. 18; 1990-Sept. 17; 1991-Sept. 10:; 1992-Sept. 14: 1993-Sept. 20; 1994-Sept. 12; 1995 - Sept. 11; 1996-Oct 1; 1997-Sept. 23. American Banker, 1998 ===

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