Item 1. Business The Trust engages in the business of acquiring and holding receivables, issuing Series of Certificates and the related Transferor Certificate, making payments thereon and engaging in related activities (including, with respect to any Series, obtaining any Enhancement and entering into an Enhancement agreement relating thereto).
Item 2.
Item 2. Properties Not Applicable.
Item 3.
Item 3. Legal Proceedings There are no material pending legal proceedings with respect to the Wachovia Credit Card Master Trust (the "Trust") involving the Trust, Bank of New York, as Trustee, or The First National Bank of Atlanta, as Servicer, other than ordinary or routine litigation incidental to the Trust assets or the Trustee's or the Servicer's duties under the applicable Pooling and Servicing Agreement.
Item 4.
Item 4. Submission Of Matters To A Vote Of Security Holders None.
PART II
Item 5.
Item 5. Market For Registrant's Common Equity and Related Stockholder Matters
(a) Market Information. There is no established public trading market for the Certificates.
(b) Holders. Since each of the Certificates was issued in book entry form only, there is only one holder of record of each Series of Certificates.
(c) Dividends. 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 Not Applicable.
Item 9.
Item 9. Changes In And Disagreements With Accountants On Accounting and Financial Disclosure. None. 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 (a) Security Ownership of Certain Beneficial Owners. The Certificates of each Class of each Series representing investors' interests in the Trust are represented by one or more Certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company ("DTC") , and an investor holding an interest in the Trust is not entitled to receive a Certificate representing such interest except in certain limited circumstances. Accordingly, Cede & Co. is the sole holder of record of Certificates, which it held on behalf of brokers, dealers, banks and other direct participants in the DTC system at December 31, 1996. At December 31, 1996, the following direct DTC participants held positions in Certificates representing interests in the Trust equal to or exceeding 5% of the total principal amount of the Certificates of each Class of each Series outstanding on the date:
The address of each of the above participants is: C/O The Depository Trust Company 55 Water Street New York, NY 10041
(b) Security Ownership of Management. Not Applicable.
(c) Changes in Control. Not Applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions. None.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) 1. The Annual Servicer's Certificate.
2. Report of Management of Credit Card Trust Control Structure Policies and Procedures and Pooling and Servicing Agreement Compliance.
3. The Annual Accountants' Report On Applying Agreed-Upon Procedures.
4. The Annual Accountants' Report on control structure policies and procedures.
5. The Annual Accountants' Report on management compliance.
(b) No reports on Form 8-K were filed by the Trust during the period covered by this report.
(c) See (a) above.
(d) Not Applicable.
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.
First National Bank of Atlanta (Delaware) d/b/a Wachovia Bank Card Services As originator of Trust Registrant
Date: 3/21/97 By: /s/ D. G. Landrum . D. G. Landrum Vice President
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed on March 21, 1997 by the following persons on behalf of the registrant and in the capacities indicated.
Signature Title
/s/ Beverly B. Wells ________________________________ President and Director Beverly B. Wells
/s/ Donald K. Truslow ________________________________ Comptroller (Principal Financial Donald K. Truslow Officer and Principal Accounting Officer)
/s/ John C. McLean, Jr. ________________________________ Chairman and Director John C. McLean, Jr.
/s/ J. Peirce Anderson, Esq. ________________________________ Director J. Peirce Anderson, Esq.
/s/ John E. F. Corson ________________________________ Director John E. F. Corson
/s/ Martin I. Lubaroff, Esq. ________________________________ Director Martin I. Lubaroff, Esq.
/s/ Richard G. McCauley, Esq. ________________________________ Director Richard G. McCauley, Esq.
INDEX TO EXHIBITS