DELAWARE
|
333-145220-01
|
NOT APPLICABLE
|
(State or other jurisdiction of incorporation or organization)
|
(Commission file number)
|
(I.R.S. Employer Identification No.)
|
NEW YORK
|
333-145220-02
|
NOT APPLICABLE
|
(State or other jurisdiction of incorporation or organization)
|
(Commission file number)
|
(I.R.S. Employer Identification No.)
|
UNITED STATES OF AMERICA
|
333-145220-03
|
13-5266470
|
(State or other jurisdiction of incorporation or organization)
|
(Commission file number)
|
(I.R.S. Employer Identification No.)
|
399 Park Avenue
New York, New York
|
10043
|
(Address of principal executive offices of depositor and sponsor)
|
(Zip Code)
|
Three Months
Ended
March 27, 2012
|
Year Ended
December 27,
2011
|
Year Ended
December 28,
2010
|
Year Ended
December 28,
2009
|
Average Principal Receivables Outstanding
|
$56,603,078
|
$60,924,613
|
$69,707,899
|
$75,724,189
|
Gross Charge-Offs
|
$926,624
|
$4,886,666
|
$7,852,393
|
$7,895,559
|
Recoveries
|
$192,575
|
$698,723
|
$558,737
|
$382,517
|
Net Losses
|
$734,049
|
$4,187,943
|
$7,293,656
|
$7,513,042
|
Net Losses as a Percentage of Average Principal Receivables Outstanding
|
5.22%
|
6.89%
|
10.46%
|
9.87%
|
As of
March 25, 2012
|
As of
December 25, 2011
|
As of
December 26, 2010
|
As of
December 27, 2009
|
||||||||
Number of Days Delinquent
|
Delinquent
Amount
|
Percentage
|
Delinquent
Amount
|
Percentage
|
Delinquent
Amount
|
Percentage
|
Delinquent
Amount
|
Percentage
|
|||
Up to 34 days
|
$1,079,931
|
1.90%
|
$1,281,238
|
2.08%
|
$1,728,464
|
2.43%
|
$2,501,832
|
3.24%
|
|||
35 to 64 days
|
418,768
|
0.74
|
525,245
|
0.85
|
833,600
|
1.17
|
1,175,684
|
1.52
|
|||
65 to 94 days
|
344,536
|
0.61
|
423,006
|
0.69
|
644,787
|
0.91
|
972,112
|
1.26
|
|||
95 to 124 days
|
300,790
|
0.53
|
351,324
|
0.57
|
572,395
|
0.81
|
869,279
|
1.13
|
|||
125 to 154 days
|
277,885
|
0.49
|
289,044
|
0.47
|
503,778
|
0.71
|
791,797
|
1.03
|
|||
155 to 184 days
|
275,046
|
0.48
|
268,674
|
0.44
|
460,592
|
0.65
|
715,581
|
0.93
|
|||
Total
|
$2,696,956
|
4.75%
|
$3,138,531
|
5.10%
|
$4,743,616
|
6.68%
|
$7,026,285
|
9.11%
|
Three Months
Ended
March 27, 2012
|
Year Ended
December 27, 2011
|
Year Ended
December 28, 2010
|
Year Ended
December 28, 2009
|
||
Finance Charges and Fees Paid
|
$2,298,964
|
$10,335,132
|
$13,414,392
|
$13,692,050
|
|
Average Revenue Yield
|
16.34%
|
17.01%
|
19.24%
|
17.98%
|
Three Months
Ended
March 27, 2012
|
Year Ended
December 27, 2011
|
Year Ended
December 28, 2010
|
Year Ended
December 28, 2009
|
|
Lowest Month
|
19.74%
|
18.44%
|
17.99%
|
16.75%
|
Highest Month
|
22.00%
|
22.11%
|
20.69%
|
19.87%
|
Average of the Months in the Period
|
21.20%
|
20.48%
|
19.15%
|
18.32%
|
Percentage of Total
Number of Accounts
|
Percentage of Total
Outstanding Receivables
|
||
California
|
13.62%
|
13.98%
|
|
New York
|
11.36%
|
10.13%
|
|
Texas
|
7.13%
|
8.98%
|
|
Florida
|
6.36%
|
5.87%
|
|
Illinois
|
5.31%
|
5.95%
|
Percentage
|
Percentage
|
|||||||
of Total
|
of Total
|
|||||||
Number of
|
Number of
|
Receivables
|
Receivables
|
|||||
Account Balance
|
Accounts
|
Accounts
|
Outstanding
|
Outstanding
|
||||
Credit Balance…........................…..
|
268,293
|
1.08%
|
$ (55,348,109)
|
-0.10%
|
||||
No Balance ….............................…..
|
12,014,730
|
48.13
|
0
|
0.00
|
||||
Less than or equal to $500.00.............
|
3,429,945
|
13.74
|
637,828,242
|
1.16
|
||||
$500.01 to $1,000.00..........................
|
1,418,641
|
5.68
|
1,041,628,429
|
1.89
|
||||
$1,000.01 to $2,000.00.......................
|
1,746,458
|
7.00
|
2,558,786,541
|
4.65
|
||||
$2,000.01 to $3,000.00.......................
|
1,137,276
|
4.56
|
2,814,565,483
|
5.11
|
||||
$3,000.01 to $4,000.00...............…....
|
825,295
|
3.31
|
2,873,231,369
|
5.22
|
||||
$4,000.01 to $5,000.00.......................
|
641,593
|
2.57
|
2,877,791,897
|
5.23
|
||||
$5,000.01 to $6,000.00....................
|
499,119
|
2.00
|
2,738,818,132
|
4.98
|
||||
$6,000.01 to $7,000.00.......................
|
409,476
|
1.64
|
2,657,026,858
|
4.83
|
||||
$7,000.01 to $8,000.00.......................
|
341,791
|
1.37
|
2,560,190,970
|
4.65
|
||||
$8,000.01 to $9,000.00.......................
|
293,734
|
1.18
|
2,494,370,842
|
4.53
|
||||
$9,000.01 to $10,000.00.....................
|
254,279
|
1.02
|
2,413,869,602
|
4.39
|
||||
$10,000.01 to $15,000.00...................
|
794,373
|
3.18
|
9,705,793,075
|
17.64
|
||||
$15,000.01 to $20,000.00...................
|
433,066
|
1.74
|
7,487,413,781
|
13.61
|
||||
Over $20,000.00.................………...
|
448,325
|
1.80
|
12,226,580,432
|
22.21
|
||||
Total...............................................
|
24,956,394
|
100.00%
|
$55,032,547,544
|
100.00%
|
Percentage
|
Percentage
|
||||||
of Total
|
of Total
|
||||||
Number of
|
Number of
|
Receivables
|
Receivables
|
||||
Credit Limit
|
Accounts
|
Accounts
|
Outstanding
|
Outstanding
|
|||
Less than or equal to $500.00............
|
1,187,758
|
4.76%
|
$ 48,740,715
|
0.09%
|
|||
$500.01 to $1,000.00.........................
|
611,830
|
2.45
|
120,787,216
|
0.22
|
|||
$1,000.01 to $2,000.00......................
|
1,237,623
|
4.96
|
516,136,135
|
0.94
|
|||
$2,000.01 to $3,000.00......................
|
1,076,599
|
4.31
|
762,634,465
|
1.39
|
|||
$3,000.01 to $4,000.00..........…........
|
994,258
|
3.98
|
904,619,456
|
1.64
|
|||
$4,000.01 to $5,000.00......................
|
1,209,231
|
4.85
|
1,199,284,995
|
2.18
|
|||
$5,000.01 to $6,000.00......................
|
1,037,958
|
4.16
|
1,133,791,525
|
2.06
|
|||
$6,000.01 to $7,000.00......................
|
1,051,058
|
4.21
|
1,253,010,943
|
2.28
|
|||
$7,000.01 to $8,000.00......................
|
1,154,806
|
4.63
|
1,333,267,953
|
2.42
|
|||
$8,000.01 to $9,000.00......................
|
1,148,248
|
4.60
|
1,472,589,217
|
2.68
|
|||
$9,000.01 to $10,000.00....................
|
1,258,504
|
5.04
|
1,691,379,787
|
3.07
|
|||
$10,000.01 to $15,000.00..................
|
4,835,433
|
19.38
|
8,028,650,004
|
14.59
|
|||
$15,000.01 to $20,000.00..................
|
2,686,622
|
10.77
|
7,144,172,292
|
12.98
|
|||
Over $20,000.00......…......................
|
5,466,466
|
21.90
|
29,423,482,841
|
53.46
|
|||
Total..........................................
|
24,956,394
|
100.00%
|
$55,032,547,544
|
100.00%
|
Percentage
|
Percentage
|
||||||
of Total
|
of Total
|
||||||
Number of
|
Number of
|
Receivables
|
Receivables
|
||||
Payment Status
|
Accounts
|
Accounts
|
Outstanding
|
Outstanding
|
|||
Current…..........................................
|
24,555,672
|
98.40%
|
$52,335,591,234
|
95.10%
|
|||
Up to 34 days delinquent...................
|
204,597
|
0.82
|
1,079,930,582
|
1.96
|
|||
35 to 64 days delinquent..................
|
58,157
|
0.23
|
418,768,143
|
0.76
|
|||
65 to 94 days delinquent..................
|
43,236
|
0.17
|
344,535,981
|
0.63
|
|||
95 to 124 days delinquent..................
|
34,902
|
0.14
|
300,790,484
|
0.55
|
|||
125 to 154 days delinquent...............
|
30,330
|
0.12
|
277,884,860
|
0.50
|
|||
155 to 184 days delinquent................
|
29,500
|
0.12
|
275,046,260
|
0.50
|
|||
Total.........................................
|
24,956,394
|
100.00%
|
$55,032,547,544
|
100.00%
|
Percentage
|
Percentage
|
||||||||
of Total
|
of Total
|
||||||||
Number of
|
Number of
|
Receivables
|
Receivables
|
||||||
Age
|
Accounts
|
Accounts
|
Outstanding
|
Outstanding
|
|||||
Less than or equal to 6 months..........
|
0
|
0.00%
|
$ 0
|
0.00%
|
|||||
Over 6 months to 12 months.............
|
0
|
0.00
|
0
|
0.00
|
|||||
Over 12 months to 24 months...........
|
0
|
0.00
|
0
|
0.00
|
|||||
Over 24 months to 36 months...........
|
705,571
|
2.83
|
1,140,846,593
|
2.07
|
|||||
Over 36 months to 48 months...........
|
1,347,218
|
5.40
|
2,358,258,406
|
4.29
|
|||||
Over 48 months to 60 months...........
|
1,819,375
|
7.29
|
2,899,726,997
|
5.27
|
|||||
Over 60 months.................................
|
21,084,230
|
84.48
|
48,633,715,548
|
88.37
|
|||||
Total.........................................
|
24,956,394
|
100.00%
|
$55,032,547,544
|
100.00%
|
Percentage
|
Percentage
|
||||||
of Total
|
of Total
|
||||||
Number of
|
Number of
|
Receivables
|
Receivables
|
||||
FICO Score
|
Accounts
|
Accounts
|
Outstanding
|
Outstanding
|
|||
0 ........……………………………....
|
6,545,449
|
26.23%
|
$ 359,503,535
|
0.65%
|
|||
001 to 599 ……………....................
|
544,392
|
2.18
|
2,653,785,039
|
4.82
|
|||
600 to 639 ……………....................
|
580,191
|
2.32
|
2,748,054,497
|
4.99
|
|||
640 to 660 …………….................
|
546,980
|
2.19
|
2,819,393,491
|
5.12
|
|||
661 to 679 ……………....................
|
717,553
|
2.88
|
4,082,090,900
|
7.42
|
|||
680 to 699 …………........................
|
987,305
|
3.96
|
6,066,078,523
|
11.02
|
|||
700 to 719 …………........................
|
1,184,797
|
4.75
|
7,064,513,834
|
12.84
|
|||
720 to 739 …………........................
|
1,261,346
|
5.05
|
6,509,021,699
|
11.83
|
|||
740 to 759 …………........................
|
1,383,879
|
5.55
|
5,751,286,287
|
10.45
|
|||
760 to 800 ……………....................
|
3,403,224
|
13.64
|
8,500,430,790
|
15.45
|
|||
801 and above ........…......................
|
7,801,278
|
31.25
|
8,478,388,949
|
15.41
|
|||
Total ........................................
|
24,956,394
|
100.00%
|
$55,032,547,544
|
100.00%
|
·
|
the new balance on the billing statement if it is less than $20, or $20, if the new balance is at least $20;
|
·
|
1% of the new balance plus the amount of any billed finance charges and any billed late fee; and
|
·
|
1.5% of the new balance.
|
·
|
the periodic finance charge imposed on balances in most credit card accounts for purchases is the Prime Rate, as published in The Wall Street Journal, plus a percentage ranging from 10.74% to 21.74%. A small portion of the credit card accounts have a non-variable periodic finance charge imposed on purchase balances ranging from 13.99% to 24.99%;
|
·
|
the periodic finance charge imposed on balances in most credit card accounts for cash advances is the sum of the Prime Rate and 21.99%; and
|
·
|
if a cardholder fails to make a payment by the due date under their credit card agreement, the periodic finance charge assessed on new transactions can be increased up to the sum of the Prime Rate and 26.74%, with 45 days advance notice. If a cardholder fails to make a payment for more than 60 days after the due date under their credit card agreement, the periodic finance charge assessed on existing balances in their account can be increased up to the sum of the Prime Rate and 26.74%, with 45 days advance notice.
|
·
|
a late fee if the cardholder does not make the required minimum payment by the payment date shown on the monthly billing statement. The late fee is up to $25 (or up to $35 if a late fee was assessed on the account during the previous six billing cycles); provided that the late fee will not be greater than the associated required minimum payment;
|
·
|
a cash advance fee which is generally equal to 5.0% of the amount of the cash advance, subject to a minimum fee of $10;
|
·
|
a balance transfer fee of 5.0% of the amount transferred to the account, subject to a minimum fee of $10, unless otherwise disclosed in a particular offer;
|
·
|
a fee on purchases made outside the United States, whether in U.S. dollars or a foreign currency, which is generally equal to 3.0% of the amount of the purchase, after its conversion into U.S. dollars;
|
·
|
a returned payment fee of $25 (or up to $35 if a returned payment fee was assessed on the account during the previous six billing cycles); provided that the returned payment fee will not be greater than the required minimum payment associated with the returned payment; and
|
·
|
a stop payment fee of $39, assessed if the cardholder requests that payment be stopped on a bank-issued convenience check.
|
Percentage
|
|||||||
Amount of
|
Amount of
|
of Outstanding
|
|||||
Finance Charge
|
Principal
|
Total
|
Principal
|
||||
Lump Addition Date
|
Receivables
|
Receivables
|
Receivables
|
Receivables
|
|||
January 27, 2007
|
$10,085,067
|
$771,145,898
|
$781,230,965
|
1.06%
|
|||
March 24, 2007
|
$18,095,653
|
$1,330,256,568
|
$1,348,352,221
|
1.83%
|
|||
June 23, 2007
|
$18,279,572
|
$1,453,294,765
|
$1,471,574,337
|
2.01%
|
|||
August 25, 2007
|
$10,179,745
|
$958,015,899
|
$968,195,644
|
1.31%
|
|||
September 29, 2007
|
$7,872,578
|
$1,714,749,869
|
$1,722,622,447
|
2.31%
|
|||
November 24, 2007
|
$6,893,425
|
$940,661,454
|
$947,554,879
|
1.25%
|
|||
March 29, 2008
|
$17,911,489
|
$1,234,692,881
|
$1,252,604,370
|
1.63%
|
|||
May 24, 2008
|
$6,784,413
|
$562,509,400
|
$569,293,813
|
0.73%
|
|||
June 28, 2008
|
$8,369,659
|
$924,879,210
|
$933,248,869
|
1.19%
|
|||
July 26, 2008
|
$4,797,729
|
$314,459,115
|
$319,256,844
|
0.41%
|
|||
September 27, 2008
|
$9,666,066
|
$682,465,956
|
$692,132,022
|
0.89%
|
|||
December 27, 2008
|
$15,951,494
|
$959,774,428
|
$975,725,922
|
1.24%
|
|||
March 28, 2009
|
$30,094,590
|
$1,443,311,222
|
$1,473,405,812
|
1.97%
|
|||
May 30, 2009
|
$4,817,064
|
$227,239,927
|
$232,056,991
|
0.30%
|
|||
June 13, 2009
|
$31,644,334
|
$1,448,182,055
|
$1,479,826,389
|
1.93%
|
|||
September 26, 2009
|
$48,789,788
|
$1,441,935,893
|
$1,490,725,681
|
1.90%
|
|||
December 26, 2009
|
$27,034,270
|
$1,389,298,732
|
$1,416,333,002
|
1.83%
|
Percentage
|
|||||||
Amount of
|
Amount of
|
of Outstanding
|
|||||
Finance Charge
|
Principal
|
Total
|
Principal
|
||||
Lump Removal Date
|
Receivables
|
Receivables
|
Receivables
|
Receivables
|
|||
December 15, 2007
|
$2,100,834
|
$403,237,237
|
$405,338,071
|
0.52%
|
|||
June 28, 2008
|
$12,048,065
|
$1,050,947,089
|
$1,062,995,154
|
1.36%
|
|||
November 29, 2008
|
$2,585,026
|
$160,923,947
|
$163,508,973
|
0.21%
|
|||
August 29, 2009
|
$3,920,046
|
$214,410,219
|
$218,330,265
|
0.28%
|
Net Losses by Year of Account Origination
|
(by Monthly Due Period)
|
Year of Account Origination
|
Principal Receivables Mar 2012
|
Mar 2012
|
Feb 2012
|
Jan 2012
|
2007 and earlier
|
$51,769,744,080
|
4.85%
|
5.37%
|
5.26%
|
2008
|
2,767,298,080
|
3.81
|
5.17
|
5.54
|
2009
|
1,398,665,961
|
4.27
|
5.29
|
5.11
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
2012
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
$55,935,708,122
|
4.79%
|
5.36%
|
5.27%
|
Year of Account Origination
|
Dec 2011
|
Nov 2011
|
Oct 2011
|
Sep 2011
|
Aug 2011
|
Jul 2011
|
Jun 2011
|
May 2011
|
Apr 2011
|
Mar 2011
|
Feb 2011
|
Jan 2011
|
2006 and earlier
|
5.11%
|
6.45%
|
5.68%
|
5.99%
|
6.98%
|
6.69%
|
6.59%
|
7.88%
|
7.87%
|
7.92%
|
7.92%
|
7.38%
|
2007
|
5.19
|
6.08
|
5.67
|
5.38
|
6.94
|
6.37
|
5.96
|
7.66
|
8.31
|
8.19
|
8.92
|
8.95
|
2008
|
5.17
|
5.55
|
5.63
|
4.84
|
6.39
|
6.60
|
5.63
|
7.65
|
7.77
|
7.89
|
8.09
|
8.32
|
2009
|
4.88
|
5.41
|
4.98
|
4.63
|
5.77
|
5.48
|
4.94
|
6.14
|
6.21
|
6.31
|
6.52
|
6.61
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
5.11%
|
6.36%
|
5.66%
|
5.87%
|
6.92%
|
6.64%
|
6.47%
|
7.81%
|
7.85%
|
7.89%
|
7.95%
|
7.49%
|
Year of Account Origination
|
Dec 2010
|
Nov 2010
|
Oct 2010
|
Sep 2010
|
Aug 2010
|
Jul 2010
|
Jun 2010
|
May 2010
|
Apr 2010
|
Mar 2010
|
Feb 2010
|
Jan 2010
|
2005 and earlier
|
8.43%
|
9.49%
|
10.45%
|
9.07%
|
11.26%
|
9.66%
|
11.38%
|
10.95%
|
11.13%
|
11.32%
|
10.83%
|
9.36%
|
2006
|
7.70
|
8.63
|
9.03
|
8.62
|
10.61
|
10.31
|
12.01
|
12.55
|
12.50
|
12.94
|
13.37
|
11.54
|
2007
|
8.34
|
9.52
|
10.15
|
9.15
|
12.50
|
11.34
|
13.42
|
13.53
|
13.41
|
14.06
|
14.64
|
13.58
|
2008
|
8.34
|
9.60
|
9.85
|
9.01
|
10.86
|
10.17
|
12.13
|
12.81
|
12.28
|
14.47
|
15.40
|
13.53
|
2009
|
6.86
|
7.49
|
8.00
|
6.72
|
7.78
|
7.14
|
7.33
|
6.96
|
4.85
|
4.97
|
6.15
|
4.79
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
8.34%
|
9.40%
|
10.27%
|
8.99%
|
11.18%
|
9.75%
|
11.46%
|
11.16%
|
11.23%
|
11.55%
|
11.29%
|
9.80%
|
Year of Account Origination
|
Dec 2009
|
Nov 2009
|
Oct 2009
|
Sep 2009
|
Aug 2009
|
Jul 2009
|
Jun 2009
|
May 2009
|
Apr 2009
|
Mar 2009
|
Feb 2009
|
Jan 2009
|
2004 and earlier
|
9.06%
|
9.72%
|
8.26%
|
9.66%
|
11.36%
|
9.29%
|
9.61%
|
9.72%
|
9.39%
|
8.87%
|
8.35%
|
6.25%
|
2005
|
9.97
|
9.95
|
9.02
|
10.45
|
12.87
|
9.83
|
10.77
|
10.58
|
10.86
|
10.17
|
10.10
|
7.25
|
2006
|
11.49
|
11.74
|
10.06
|
11.89
|
13.91
|
12.05
|
12.85
|
12.71
|
12.74
|
12.49
|
12.04
|
9.12
|
2007
|
13.15
|
13.72
|
11.89
|
13.63
|
16.35
|
13.95
|
15.73
|
15.56
|
15.22
|
15.12
|
15.68
|
12.11
|
2008
|
13.64
|
15.23
|
13.18
|
13.77
|
18.90
|
17.33
|
17.87
|
16.35
|
15.53
|
13.11
|
18.06
|
11.72
|
2009
|
3.66
|
6.58
|
4.16
|
1.90
|
1.73
|
0.77
|
0.70
|
0.06
|
0.19
|
N/A
|
N/A
|
N/A
|
Total
|
9.56%
|
10.29%
|
8.79%
|
10.15%
|
12.14%
|
10.03%
|
10.51%
|
10.50%
|
10.21%
|
9.66%
|
9.33%
|
6.95%
|
Year of Account Origination
|
Dec 2008
|
Nov 2008
|
Oct 2008
|
Sep 2008
|
Aug 2008
|
Jul 2008
|
Jun 2008
|
May 2008
|
Apr 2008
|
Mar 2008
|
Feb 2008
|
Jan 2008
|
2003 and earlier
|
6.94%
|
6.03%
|
5.78%
|
5.44%
|
5.94%
|
5.04%
|
5.24%
|
5.12%
|
5.24%
|
4.92%
|
4.68%
|
4.28%
|
2004
|
8.02
|
7.08
|
6.41
|
6.29
|
6.68
|
5.89
|
6.41
|
5.57
|
6.22
|
5.91
|
5.43
|
4.93
|
2005
|
8.59
|
7.92
|
6.79
|
6.66
|
7.01
|
6.32
|
6.76
|
6.04
|
6.73
|
6.23
|
6.19
|
5.37
|
2006
|
10.60
|
9.43
|
8.39
|
8.30
|
8.80
|
7.91
|
8.45
|
7.64
|
8.71
|
8.74
|
7.98
|
7.60
|
2007
|
13.68
|
14.01
|
11.87
|
11.95
|
12.98
|
10.95
|
10.78
|
8.66
|
8.73
|
7.05
|
7.14
|
5.61
|
2008
|
11.10
|
11.73
|
7.39
|
4.00
|
1.58
|
0.66
|
0.44
|
0.27
|
0.13
|
N/A
|
N/A
|
N/A
|
Total
|
7.81%
|
6.94%
|
6.39%
|
6.06%
|
6.53%
|
5.59%
|
5.83%
|
5.49%
|
5.74%
|
5.37%
|
5.11%
|
4.64%
|
Year of Account Origination
|
Dec 2007
|
Nov 2007
|
Oct 2007
|
Sep 2007
|
Aug 2007
|
Jul 2007
|
Jun 2007
|
May 2007
|
Apr 2007
|
Mar 2007
|
Feb 2007
|
Jan 2007
|
2002 and earlier
|
3.65%
|
3.86%
|
4.09%
|
3.56%
|
3.70%
|
3.56%
|
3.35%
|
3.45%
|
3.85%
|
3.55%
|
3.69%
|
3.31%
|
2003
|
4.99
|
4.62
|
4.74
|
4.78
|
4.50
|
4.46
|
4.39
|
4.75
|
4.74
|
4.72
|
4.36
|
4.59
|
2004
|
4.92
|
4.39
|
4.47
|
4.33
|
4.20
|
4.17
|
4.00
|
4.19
|
4.54
|
4.45
|
4.21
|
4.12
|
2005
|
5.30
|
5.14
|
4.99
|
4.59
|
4.43
|
4.83
|
4.37
|
4.82
|
5.08
|
4.89
|
5.20
|
5.50
|
2006
|
7.58
|
6.91
|
7.17
|
6.87
|
6.79
|
7.52
|
5.77
|
7.39
|
6.22
|
5.04
|
6.30
|
4.60
|
2007
|
4.52
|
3.63
|
3.32
|
1.89
|
0.71
|
0.41
|
0.16
|
0.25
|
0.10
|
0.00
|
N/A
|
N/A
|
Total
|
4.16%
|
4.17%
|
4.34%
|
3.86%
|
3.93%
|
3.87%
|
3.59%
|
3.78%
|
4.09%
|
3.80%
|
3.92%
|
3.58%
|
Delinquencies 35+ Days by Year of Account Origination
|
(by Monthly Period)
|
Year of Account Origination
|
Receivables Outstanding Mar 2012
|
Mar 2012
|
Feb 2012
|
Jan 2012
|
2007 and earlier
|
$50,935,341,314
|
2.92%
|
3.06%
|
3.12%
|
2008
|
2,721,746,146
|
3.23
|
3.43
|
3.51
|
2009
|
1,375,460,084
|
2.87
|
3.05
|
3.10
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
2012
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
$55,032,547,544
|
2.94%
|
3.08%
|
3.14%
|
Year of Account Origination
|
Dec 2011
|
Nov 2011
|
Oct 2011
|
Sep 2011
|
Aug 2011
|
Jul 2011
|
Jun 2011
|
May 2011
|
Apr 2011
|
Mar 2011
|
Feb 2011
|
Jan 2011
|
2006 and earlier
|
3.05%
|
3.21%
|
3.19%
|
3.23%
|
3.28%
|
3.30%
|
3.52%
|
3.61%
|
3.81%
|
4.15%
|
4.28%
|
4.28%
|
2007
|
3.85
|
4.03
|
4.02
|
4.09
|
4.10
|
4.14
|
4.34
|
4.40
|
4.67
|
5.13
|
5.32
|
5.45
|
2008
|
3.58
|
3.72
|
3.68
|
3.75
|
3.75
|
3.74
|
3.89
|
3.96
|
4.25
|
4.66
|
4.86
|
4.91
|
2009
|
3.10
|
3.20
|
3.18
|
3.19
|
3.17
|
3.15
|
3.22
|
3.20
|
3.37
|
3.62
|
3.70
|
3.70
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
3.11%
|
3.28%
|
3.26%
|
3.30%
|
3.35%
|
3.39%
|
3.57%
|
3.66%
|
3.87%
|
4.22%
|
4.35%
|
4.35%
|
Year of Account Origination
|
Dec 2010
|
Nov 2010
|
Oct 2010
|
Sep 2010
|
Aug 2010
|
Jul 2010
|
Jun 2010
|
May 2010
|
Apr 2010
|
Mar 2010
|
Feb 2010
|
Jan 2010
|
2005 and earlier
|
4.30%
|
4.58%
|
4.62%
|
4.81%
|
4.83%
|
5.17%
|
5.32%
|
5.45%
|
5.68%
|
5.88%
|
5.73%
|
5.51%
|
2006
|
5.01
|
5.27
|
5.28
|
5.43
|
5.44
|
5.85
|
6.09
|
6.38
|
6.86
|
7.21
|
7.28
|
7.12
|
2007
|
5.61
|
5.86
|
5.89
|
6.08
|
6.06
|
6.50
|
6.79
|
7.07
|
7.58
|
8.01
|
8.01
|
7.86
|
2008
|
5.10
|
5.33
|
5.42
|
5.62
|
5.62
|
5.93
|
6.10
|
6.31
|
6.77
|
7.14
|
7.33
|
7.44
|
2009
|
3.78
|
3.97
|
3.98
|
4.04
|
3.95
|
4.07
|
4.03
|
3.91
|
3.81
|
3.61
|
3.22
|
2.90
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
4.44%
|
4.71%
|
4.74%
|
4.93%
|
4.95%
|
5.29%
|
5.44%
|
5.59%
|
5.85%
|
6.07%
|
5.95%
|
5.75%
|
Year of Account Origination
|
Dec 2009
|
Nov 2009
|
Oct 2009
|
Sep 2009
|
Aug 2009
|
Jul 2009
|
Jun 2009
|
May 2009
|
Apr 2009
|
Mar 2009
|
Feb 2009
|
Jan 2009
|
2004 and earlier
|
5.33%
|
5.40%
|
5.21%
|
5.05%
|
4.94%
|
5.06%
|
5.03%
|
5.12%
|
5.31%
|
5.39%
|
5.01%
|
4.81%
|
2005
|
5.85
|
6.02
|
5.91
|
5.78
|
5.64
|
5.88
|
5.85
|
5.93
|
6.17
|
6.38
|
5.95
|
5.73
|
2006
|
6.95
|
7.02
|
6.87
|
6.67
|
6.53
|
6.70
|
6.74
|
6.86
|
7.25
|
7.51
|
7.26
|
7.02
|
2007
|
7.80
|
8.05
|
8.01
|
7.90
|
7.72
|
7.90
|
7.91
|
8.10
|
8.62
|
8.93
|
9.04
|
8.85
|
2008
|
7.56
|
8.49
|
8.60
|
8.41
|
8.53
|
8.87
|
9.04
|
9.23
|
9.75
|
9.48
|
12.40
|
11.48
|
2009
|
2.66
|
5.07
|
4.74
|
4.20
|
4.78
|
3.75
|
2.89
|
1.78
|
1.22
|
0.25
|
N/A
|
N/A
|
Total
|
5.63%
|
5.81%
|
5.66%
|
5.49%
|
5.37%
|
5.50%
|
5.49%
|
5.58%
|
5.82%
|
5.92%
|
5.61%
|
5.39%
|
Year of Account Origination
|
Dec 2008
|
Nov 2008
|
Oct 2008
|
Sep 2008
|
Aug 2008
|
Jul 2008
|
Jun 2008
|
May 2008
|
Apr 2008
|
Mar 2008
|
Feb 2008
|
Jan 2008
|
2003 and earlier
|
4.49%
|
4.32%
|
4.02%
|
3.85%
|
3.64%
|
3.52%
|
3.55%
|
3.50%
|
3.52%
|
3.59%
|
3.57%
|
3.50%
|
2004
|
5.09
|
4.92
|
4.56
|
4.36
|
4.04
|
3.91
|
3.86
|
3.83
|
3.84
|
3.93
|
3.94
|
3.88
|
2005
|
5.46
|
5.35
|
5.04
|
4.80
|
4.53
|
4.39
|
4.35
|
4.26
|
4.32
|
4.44
|
4.50
|
4.45
|
2006
|
6.77
|
6.65
|
6.26
|
5.98
|
5.65
|
5.45
|
5.41
|
5.34
|
5.42
|
5.63
|
5.87
|
5.82
|
2007
|
8.58
|
8.98
|
8.53
|
8.02
|
7.79
|
7.29
|
7.16
|
7.08
|
7.03
|
6.48
|
6.13
|
5.63
|
2008
|
10.02
|
10.65
|
8.94
|
7.40
|
7.20
|
5.01
|
3.83
|
2.88
|
2.05
|
0.30
|
N/A
|
N/A
|
Total
|
5.10%
|
4.93%
|
4.59%
|
4.36%
|
4.11%
|
3.94%
|
3.92%
|
3.85%
|
3.86%
|
3.91%
|
3.89%
|
3.80%
|
Year of Account Origination
|
Dec 2007
|
Nov 2007
|
Oct 2007
|
Sep 2007
|
Aug 2007
|
Jul 2007
|
Jun 2007
|
May 2007
|
Apr 2007
|
Mar 2007
|
Feb 2007
|
Jan 2007
|
2002 and earlier
|
3.25%
|
3.24%
|
3.16%
|
3.03%
|
2.90%
|
2.86%
|
2.82%
|
2.85%
|
2.90%
|
3.00%
|
3.06%
|
3.04%
|
2003
|
3.89
|
3.87
|
3.79
|
3.55
|
3.50
|
3.46
|
3.33
|
3.39
|
3.45
|
3.60
|
3.65
|
3.67
|
2004
|
3.65
|
3.71
|
3.66
|
3.45
|
3.34
|
3.27
|
3.12
|
3.17
|
3.23
|
3.37
|
3.44
|
3.47
|
2005
|
4.17
|
4.29
|
4.25
|
4.05
|
3.87
|
3.78
|
3.63
|
3.69
|
3.73
|
3.93
|
4.20
|
4.28
|
2006
|
5.50
|
5.57
|
5.63
|
5.21
|
5.36
|
5.73
|
5.13
|
5.78
|
5.62
|
5.27
|
5.35
|
5.09
|
2007
|
4.72
|
4.19
|
4.50
|
3.75
|
5.14
|
5.21
|
3.14
|
3.23
|
1.58
|
0.19
|
N/A
|
N/A
|
Total
|
3.55%
|
3.53%
|
3.47%
|
3.28%
|
3.18%
|
3.14%
|
3.03%
|
3.06%
|
3.10%
|
3.19%
|
3.25%
|
3.23%
|
Delinquencies 95+ Days by Year of Account Origination
|
(by Monthly Period)
|
Year of Account Origination
|
Receivables Outstanding Mar 2012
|
Mar 2012
|
Feb 2012
|
Jan 2012
|
2007 and earlier
|
$50,935,341,314
|
1.54%
|
1.61%
|
1.61%
|
2008
|
2,721,746,146
|
1.73
|
1.83
|
1.84
|
2009
|
1,375,460,084
|
1.54
|
1.60
|
1.62
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
2012
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
$55,032,547,544
|
1.55%
|
1.62%
|
1.62%
|
Year of Account Origination
|
Dec 2011
|
Nov 2011
|
Oct 2011
|
Sep 2011
|
Aug 2011
|
Jul 2011
|
Jun 2011
|
May 2011
|
Apr 2011
|
Mar 2011
|
Feb 2011
|
Jan 2011
|
2006 and earlier
|
1.48%
|
1.54%
|
1.57%
|
1.59%
|
1.64%
|
1.69%
|
1.82%
|
1.90%
|
1.98%
|
2.15%
|
2.26%
|
2.24%
|
2007
|
1.96
|
2.02
|
2.02
|
2.01
|
2.05
|
2.14
|
2.25
|
2.35
|
2.50
|
2.78
|
2.91
|
2.94
|
2008
|
1.81
|
1.86
|
1.87
|
1.84
|
1.85
|
1.89
|
2.03
|
2.14
|
2.31
|
2.50
|
2.66
|
2.65
|
2009
|
1.57
|
1.62
|
1.60
|
1.57
|
1.56
|
1.58
|
1.67
|
1.72
|
1.78
|
1.90
|
1.99
|
1.97
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
1.52%
|
1.58%
|
1.61%
|
1.62%
|
1.67%
|
1.72%
|
1.85%
|
1.93%
|
2.02%
|
2.19%
|
2.31%
|
2.29%
|
Year of Account Origination
|
Dec 2010
|
Nov 2010
|
Oct 2010
|
Sep 2010
|
Aug 2010
|
Jul 2010
|
Jun 2010
|
May 2010
|
Apr 2010
|
Mar 2010
|
Feb 2010
|
Jan 2010
|
2005 and earlier
|
2.18%
|
2.29%
|
2.32%
|
2.49%
|
2.53%
|
2.77%
|
2.86%
|
2.94%
|
2.90%
|
2.99%
|
3.03%
|
2.95%
|
2006
|
2.59
|
2.67
|
2.66
|
2.80
|
2.84
|
3.14
|
3.33
|
3.55
|
3.72
|
3.90
|
3.98
|
3.87
|
2007
|
2.91
|
3.02
|
3.02
|
3.13
|
3.15
|
3.53
|
3.74
|
4.00
|
4.08
|
4.25
|
4.35
|
4.34
|
2008
|
2.66
|
2.76
|
2.80
|
2.92
|
2.94
|
3.16
|
3.30
|
3.50
|
3.66
|
3.85
|
4.09
|
4.22
|
2009
|
1.94
|
2.04
|
2.04
|
2.10
|
2.04
|
2.14
|
2.10
|
2.08
|
1.94
|
1.69
|
1.48
|
1.39
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
2.26%
|
2.36%
|
2.39%
|
2.55%
|
2.59%
|
2.83%
|
2.93%
|
3.03%
|
3.02%
|
3.12%
|
3.17%
|
3.10%
|
Year of Account Origination
|
Dec 2009
|
Nov 2009
|
Oct 2009
|
Sep 2009
|
Aug 2009
|
Jul 2009
|
Jun 2009
|
May 2009
|
Apr 2009
|
Mar 2009
|
Feb 2009
|
Jan 2009
|
2004 and earlier
|
2.76%
|
2.72%
|
2.57%
|
2.50%
|
2.52%
|
2.71%
|
2.71%
|
2.68%
|
2.60%
|
2.63%
|
2.49%
|
2.33%
|
2005
|
3.11
|
3.16
|
2.99
|
2.92
|
2.92
|
3.20
|
3.20
|
3.20
|
3.11
|
3.21
|
3.06
|
2.90
|
2006
|
3.68
|
3.64
|
3.48
|
3.38
|
3.38
|
3.62
|
3.69
|
3.74
|
3.78
|
3.86
|
3.75
|
3.57
|
2007
|
4.27
|
4.34
|
4.18
|
4.04
|
4.02
|
4.31
|
4.35
|
4.46
|
4.58
|
4.72
|
4.79
|
4.61
|
2008
|
4.29
|
4.71
|
4.51
|
4.34
|
4.66
|
4.98
|
5.14
|
5.13
|
5.13
|
4.81
|
6.46
|
5.43
|
2009
|
1.42
|
2.84
|
2.16
|
1.60
|
2.46
|
1.44
|
0.69
|
0.12
|
0.00
|
0.00
|
N/A
|
N/A
|
Total
|
2.96%
|
2.98%
|
2.82%
|
2.73%
|
2.76%
|
2.97%
|
2.97%
|
2.96%
|
2.90%
|
2.94%
|
2.83%
|
2.64%
|
Year of Account Origination
|
Dec 2008
|
Nov 2008
|
Oct 2008
|
Sep 2008
|
Aug 2008
|
Jul 2008
|
Jun 2008
|
May 2008
|
Apr 2008
|
Mar 2008
|
Feb 2008
|
Jan 2008
|
2003 and earlier
|
2.12%
|
2.05%
|
1.88%
|
1.81%
|
1.75%
|
1.73%
|
1.75%
|
1.75%
|
1.72%
|
1.73%
|
1.71%
|
1.66%
|
2004
|
2.48
|
2.42
|
2.18
|
2.07
|
1.93
|
1.93
|
1.95
|
1.97
|
1.94
|
1.97
|
1.93
|
1.89
|
2005
|
2.67
|
2.66
|
2.48
|
2.35
|
2.22
|
2.17
|
2.20
|
2.21
|
2.22
|
2.25
|
2.24
|
2.20
|
2006
|
3.37
|
3.35
|
3.11
|
2.94
|
2.81
|
2.76
|
2.80
|
2.83
|
2.83
|
2.91
|
3.04
|
2.97
|
2007
|
4.41
|
4.68
|
4.29
|
3.99
|
3.93
|
3.74
|
3.75
|
3.72
|
3.56
|
3.08
|
3.04
|
2.61
|
2008
|
4.54
|
5.23
|
3.87
|
2.99
|
2.73
|
1.37
|
0.67
|
0.09
|
0.00
|
0.00
|
N/A
|
N/A
|
Total
|
2.44%
|
2.39%
|
2.18%
|
2.06%
|
1.98%
|
1.93%
|
1.94%
|
1.94%
|
1.91%
|
1.91%
|
1.89%
|
1.82%
|
Year of Account Origination
|
Dec 2007
|
Nov 2007
|
Oct 2007
|
Sep 2007
|
Aug 2007
|
Jul 2007
|
Jun 2007
|
May 2007
|
Apr 2007
|
Mar 2007
|
Feb 2007
|
Jan 2007
|
2002 and earlier
|
1.53%
|
1.47%
|
1.42%
|
1.34%
|
1.31%
|
1.32%
|
1.32%
|
1.33%
|
1.35%
|
1.41%
|
1.45%
|
1.46%
|
2003
|
1.85
|
1.78
|
1.73
|
1.62
|
1.58
|
1.60
|
1.58
|
1.63
|
1.65
|
1.74
|
1.77
|
1.77
|
2004
|
1.77
|
1.75
|
1.70
|
1.56
|
1.48
|
1.48
|
1.48
|
1.52
|
1.57
|
1.64
|
1.67
|
1.69
|
2005
|
2.03
|
2.06
|
2.00
|
1.85
|
1.73
|
1.72
|
1.71
|
1.79
|
1.87
|
1.94
|
2.10
|
2.14
|
2006
|
2.80
|
2.72
|
2.75
|
2.50
|
2.50
|
2.73
|
2.51
|
2.97
|
2.76
|
2.42
|
2.55
|
2.40
|
2007
|
2.14
|
1.82
|
1.92
|
1.47
|
1.76
|
1.49
|
0.49
|
0.14
|
0.00
|
0.00
|
N/A
|
N/A
|
Total
|
1.69%
|
1.63%
|
1.58%
|
1.47%
|
1.43%
|
1.44%
|
1.42%
|
1.45%
|
1.46%
|
1.51%
|
1.55%
|
1.55%
|
Monthly Total Payment Rate by Year of Account Origination
|
(by Monthly Due Period)
|
Year of Account Origination
|
Principal and Finance Charge Receivables Mar 2012
|
Mar 2012
|
Feb 2012
|
Jan 2012
|
2007 and earlier
|
$52,113,621,006
|
21.95%
|
19.69%
|
21.80%
|
2008
|
2,786,816,823
|
20.11
|
18.05
|
18.83
|
2009
|
1,408,005,785
|
27.62
|
24.58
|
25.97
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
2012
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
$56,308,443,614
|
22.00%
|
19.74%
|
21.76%
|
Year of Account Origination
|
Dec 2011
|
Nov 2011
|
Oct 2011
|
Sep 2011
|
Aug 2011
|
Jul 2011
|
Jun 2011
|
May 2011
|
Apr 2011
|
Mar 2011
|
Feb 2011
|
Jan 2011
|
2006 and earlier
|
20.81%
|
20.10%
|
20.05%
|
20.54%
|
21.64%
|
19.87%
|
21.69%
|
20.59%
|
18.20%
|
21.84%
|
18.85%
|
19.27%
|
2007
|
21.73
|
21.00
|
20.91
|
21.84
|
22.87
|
21.01
|
22.93
|
21.72
|
19.90
|
23.81
|
20.01
|
19.93
|
2008
|
18.87
|
18.13
|
18.09
|
19.01
|
19.80
|
18.34
|
20.19
|
19.03
|
17.86
|
21.21
|
17.59
|
17.49
|
2009
|
25.99
|
24.97
|
25.09
|
26.27
|
27.27
|
25.77
|
28.48
|
26.89
|
25.28
|
30.02
|
25.32
|
25.58
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
20.89%
|
20.17%
|
20.13%
|
20.67%
|
21.75%
|
20.00%
|
21.85%
|
20.73%
|
18.44%
|
22.11%
|
19.01%
|
19.37%
|
Year of Account Origination
|
Dec 2010
|
Nov 2010
|
Oct 2010
|
Sep 2010
|
Aug 2010
|
Jul 2010
|
Jun 2010
|
May 2010
|
Apr 2010
|
Mar 2010
|
Feb 2010
|
Jan 2010
|
2005 and earlier
|
20.30%
|
18.38%
|
18.00%
|
19.53%
|
18.74%
|
19.04%
|
19.67%
|
17.62%
|
18.42%
|
18.40%
|
17.65%
|
17.53%
|
2006
|
23.17
|
21.16
|
21.10
|
22.53
|
21.85
|
22.38
|
23.28
|
21.01
|
22.07
|
22.01
|
20.85
|
20.27
|
2007
|
21.78
|
19.60
|
19.42
|
20.90
|
20.19
|
20.49
|
21.34
|
19.25
|
20.40
|
20.47
|
19.23
|
18.35
|
2008
|
19.46
|
17.42
|
17.33
|
18.82
|
18.27
|
18.69
|
19.52
|
17.75
|
19.20
|
19.52
|
18.20
|
17.53
|
2009
|
28.21
|
25.74
|
26.33
|
28.74
|
28.33
|
29.55
|
31.14
|
28.62
|
31.09
|
31.38
|
29.43
|
28.06
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
20.69%
|
18.72%
|
18.41%
|
19.95%
|
19.19%
|
19.54%
|
20.23%
|
18.17%
|
19.08%
|
19.09%
|
18.23%
|
17.99%
|
Year of Account Origination
|
Dec 2009
|
Nov 2009
|
Oct 2009
|
Sep 2009
|
Aug 2009
|
Jul 2009
|
Jun 2009
|
May 2009
|
Apr 2009
|
Mar 2009
|
Feb 2009
|
Jan 2009
|
2004 and earlier
|
18.69%
|
16.02%
|
17.39%
|
17.40%
|
16.90%
|
18.71%
|
17.41%
|
15.83%
|
17.25%
|
17.64%
|
16.58%
|
17.89%
|
2005
|
26.05
|
22.25
|
24.50
|
24.33
|
23.87
|
26.50
|
25.09
|
22.60
|
24.97
|
25.46
|
23.71
|
25.08
|
2006
|
22.53
|
19.17
|
21.03
|
20.80
|
20.46
|
22.67
|
21.14
|
19.10
|
21.20
|
21.74
|
20.26
|
21.50
|
2007
|
20.53
|
17.42
|
19.04
|
18.89
|
18.57
|
20.79
|
19.25
|
17.53
|
19.66
|
19.91
|
19.17
|
20.37
|
2008
|
18.89
|
17.31
|
19.57
|
17.55
|
21.48
|
24.25
|
23.08
|
20.48
|
24.02
|
18.56
|
27.72
|
30.10
|
2009
|
18.08
|
31.54
|
35.13
|
13.63
|
52.63
|
62.80
|
59.37
|
37.15
|
63.13
|
N/A
|
N/A
|
N/A
|
Total
|
19.42%
|
16.89%
|
18.42%
|
18.04%
|
17.90%
|
19.87%
|
18.53%
|
16.75%
|
18.39%
|
18.47%
|
17.65%
|
19.00%
|
Year of Account Origination
|
Dec 2008
|
Nov 2008
|
Oct 2008
|
Sep 2008
|
Aug 2008
|
Jul 2008
|
Jun 2008
|
May 2008
|
Apr 2008
|
Mar 2008
|
Feb 2008
|
Jan 2008
|
2003 and earlier
|
17.47%
|
15.64%
|
19.14%
|
18.40%
|
18.39%
|
20.01%
|
19.31%
|
19.82%
|
18.96%
|
19.33%
|
18.54%
|
21.59%
|
2004
|
20.79
|
18.49
|
23.02
|
22.07
|
22.36
|
24.06
|
24.40
|
24.41
|
23.61
|
24.10
|
22.91
|
26.70
|
2005
|
25.20
|
22.56
|
28.07
|
26.93
|
27.27
|
29.20
|
29.00
|
29.31
|
28.26
|
28.79
|
27.56
|
32.32
|
2006
|
21.81
|
19.37
|
24.39
|
23.27
|
23.49
|
25.15
|
24.58
|
25.57
|
24.92
|
25.14
|
25.11
|
29.24
|
2007
|
20.32
|
19.90
|
24.78
|
23.40
|
24.90
|
26.10
|
24.62
|
26.55
|
27.07
|
21.63
|
25.87
|
29.44
|
2008
|
21.97
|
28.23
|
34.06
|
23.45
|
33.47
|
32.33
|
28.91
|
27.93
|
45.50
|
N/A
|
N/A
|
N/A
|
Total
|
18.69%
|
16.93%
|
20.86%
|
19.81%
|
20.06%
|
21.64%
|
20.93%
|
21.44%
|
20.68%
|
20.60%
|
20.06%
|
23.36%
|
Year of Account Origination
|
Dec 2007
|
Nov 2007
|
Oct 2007
|
Sep 2007
|
Aug 2007
|
Jul 2007
|
Jun 2007
|
May 2007
|
Apr 2007
|
Mar 2007
|
Feb 2007
|
Jan 2007
|
2002 and earlier
|
18.56%
|
19.79%
|
20.78%
|
18.94%
|
22.09%
|
20.91%
|
21.30%
|
20.41%
|
19.12%
|
21.53%
|
18.24%
|
21.21%
|
2003
|
18.97
|
20.56
|
21.87
|
20.00
|
23.79
|
22.67
|
22.93
|
22.41
|
21.30
|
24.15
|
20.14
|
24.24
|
2004
|
22.81
|
24.99
|
26.72
|
24.31
|
28.93
|
27.78
|
27.91
|
27.28
|
26.00
|
29.37
|
24.49
|
27.20
|
2005
|
27.53
|
30.28
|
32.65
|
29.68
|
35.17
|
33.93
|
33.93
|
33.59
|
32.28
|
35.05
|
31.51
|
36.93
|
2006
|
25.61
|
27.68
|
30.73
|
26.61
|
32.61
|
35.27
|
31.16
|
38.92
|
37.69
|
36.43
|
40.37
|
38.99
|
2007
|
25.26
|
22.78
|
28.00
|
20.48
|
31.77
|
44.79
|
19.15
|
51.78
|
48.61
|
6.07
|
N/A
|
N/A
|
Total
|
20.09%
|
21.38%
|
22.72%
|
20.47%
|
24.14%
|
23.17%
|
23.05%
|
22.58%
|
21.27%
|
23.53%
|
20.15%
|
23.15%
|
Revenue Yield by Year of Account Origination
|
(by Monthly Due Period)
|
Year of Account Origination
|
Principal Receivables Mar 2012
|
Mar 2012
|
Feb 2012
|
Jan 2012
|
2007 and earlier
|
$51,769,744,080
|
16.46%
|
15.87%
|
16.18%
|
2008
|
2,767,298,080
|
14.35
|
13.76
|
14.03
|
2009
|
1,398,665,961
|
16.58
|
15.89
|
16.00
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
2012
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
$55,935,708,121
|
16.36%
|
15.76%
|
16.07%
|
Year of Account Origination
|
Dec 2011
|
Nov 2011
|
Oct 2011
|
Sep 2011
|
Aug 2011
|
Jul 2011
|
Jun 2011
|
May 2011
|
Apr 2011
|
Mar 2011
|
Feb 2011
|
Jan 2011
|
2006 and earlier
|
15.89%
|
16.36%
|
16.68%
|
15.22%
|
16.48%
|
16.11%
|
15.69%
|
17.03%
|
15.86%
|
19.26%
|
19.54%
|
18.36%
|
2007
|
16.85
|
17.55
|
17.81
|
16.70
|
17.97
|
17.30
|
16.98
|
18.49
|
17.64
|
20.66
|
21.15
|
19.79
|
2008
|
14.04
|
14.56
|
14.66
|
13.71
|
14.86
|
14.48
|
14.14
|
15.28
|
14.46
|
17.18
|
17.39
|
16.27
|
2009
|
16.28
|
16.71
|
16.81
|
15.70
|
17.17
|
16.78
|
16.54
|
17.62
|
16.82
|
20.69
|
20.59
|
19.46
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
2011
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
15.86%
|
16.34%
|
16.64%
|
15.23%
|
16.49%
|
16.10%
|
15.71%
|
17.03%
|
15.91%
|
19.26%
|
19.55%
|
18.36%
|
Year of Account Origination
|
Dec 2010
|
Nov 2010
|
Oct 2010
|
Sep 2010
|
Aug 2010
|
Jul 2010
|
Jun 2010
|
May 2010
|
Apr 2010
|
Mar 2010
|
Feb 2010
|
Jan 2010
|
2005 and earlier
|
18.21%
|
19.43%
|
18.88%
|
18.37%
|
19.29%
|
18.06%
|
19.86%
|
19.68%
|
18.26%
|
19.04%
|
19.90%
|
17.97%
|
2006
|
19.44
|
20.77
|
20.34
|
19.86
|
21.16
|
19.89
|
21.59
|
21.28
|
20.09
|
20.98
|
21.80
|
19.99
|
2007
|
19.74
|
21.13
|
20.67
|
20.11
|
21.32
|
19.91
|
21.83
|
21.72
|
20.56
|
21.60
|
22.51
|
19.65
|
2008
|
16.49
|
17.65
|
17.22
|
16.92
|
18.08
|
17.11
|
18.95
|
18.97
|
18.21
|
19.21
|
20.18
|
18.00
|
2009
|
19.92
|
21.18
|
20.95
|
20.47
|
21.05
|
19.57
|
20.74
|
19.79
|
18.50
|
18.76
|
18.80
|
16.44
|
2010
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Total
|
18.32%
|
19.55%
|
19.03%
|
18.52%
|
19.48%
|
18.24%
|
20.04%
|
19.84%
|
18.48%
|
19.28%
|
20.13%
|
18.14%
|
Year of Account Origination
|
Dec 2009
|
Nov 2009
|
Oct 2009
|
Sep 2009
|
Aug 2009
|
Jul 2009
|
Jun 2009
|
May 2009
|
Apr 2009
|
Mar 2009
|
Feb 2009
|
Jan 2009
|
2004 and earlier
|
17.38%
|
17.81%
|
17.45%
|
18.15%
|
18.32%
|
17.61%
|
18.46%
|
17.63%
|
17.57%
|
18.57%
|
16.97%
|
13.97%
|
2005
|
19.48
|
19.75
|
19.40
|
20.49
|
20.75
|
20.01
|
20.86
|
20.15
|
20.12
|
21.39
|
18.95
|
15.08
|
2006
|
19.23
|
19.58
|
19.36
|
20.33
|
20.68
|
19.94
|
20.59
|
19.74
|
19.77
|
21.03
|
19.10
|
15.82
|
2007
|
18.85
|
19.30
|
18.92
|
20.16
|
20.58
|
19.79
|
20.49
|
19.80
|
19.76
|
20.95
|
20.04
|
16.33
|
2008
|
16.96
|
18.95
|
17.60
|
17.16
|
21.88
|
20.94
|
21.21
|
19.45
|
18.39
|
15.59
|
21.84
|
16.52
|
2009
|
8.09
|
20.65
|
19.11
|
6.51
|
30.13
|
29.42
|
28.59
|
16.91
|
25.80
|
N/A
|
N/A
|
N/A
|
Total
|
17.43%
|
18.19%
|
17.77%
|
18.33%
|
18.90%
|
18.18%
|
18.98%
|
18.08%
|
18.01%
|
18.85%
|
17.51%
|
14.35%
|
Year of Account Origination
|
Dec 2008
|
Nov 2008
|
Oct 2008
|
Sep 2008
|
Aug 2008
|
Jul 2008
|
Jun 2008
|
May 2008
|
Apr 2008
|
Mar 2008
|
Feb 2008
|
Jan 2008
|
2003 and earlier
|
15.14%
|
15.41%
|
14.77%
|
15.84%
|
15.00%
|
14.40%
|
15.57%
|
14.74%
|
15.41%
|
16.44%
|
15.89%
|
15.49%
|
2004
|
14.85
|
14.94
|
14.35
|
15.80
|
14.81
|
14.38
|
15.98
|
14.80
|
15.42
|
16.53
|
15.93
|
15.60
|
2005
|
16.31
|
16.35
|
15.88
|
17.59
|
16.19
|
15.83
|
17.40
|
16.30
|
17.17
|
18.24
|
17.88
|
17.61
|
2006
|
17.23
|
17.31
|
16.65
|
18.04
|
17.18
|
16.36
|
17.59
|
16.81
|
17.68
|
18.62
|
19.05
|
18.54
|
2007
|
17.14
|
19.14
|
17.69
|
18.42
|
18.26
|
15.98
|
16.92
|
15.91
|
15.74
|
13.37
|
16.19
|
14.95
|
2008
|
14.98
|
21.30
|
17.63
|
14.70
|
18.84
|
13.82
|
13.94
|
9.23
|
16.43
|
N/A
|
N/A
|
N/A
|
Total
|
15.42%
|
15.86%
|
15.13%
|
16.18%
|
15.42%
|
14.67%
|
15.88%
|
14.97%
|
15.66%
|
16.46%
|
16.20%
|
15.78%
|
Year of Account Origination
|
Dec 2007
|
Nov 2007
|
Oct 2007
|
Sep 2007
|
Aug 2007
|
Jul 2007
|
Jun 2007
|
May 2007
|
Apr 2007
|
Mar 2007
|
Feb 2007
|
Jan 2007
|
2002 and earlier
|
16.89%
|
16.28%
|
17.46%
|
17.41%
|
17.15%
|
17.36%
|
16.80%
|
17.17%
|
16.77%
|
17.64%
|
17.07%
|
15.55%
|
2003
|
16.86
|
16.40
|
17.57
|
17.63
|
17.78
|
18.02
|
16.92
|
17.68
|
17.61
|
18.36
|
17.87
|
27.59
|
2004
|
17.05
|
16.76
|
17.78
|
17.97
|
18.21
|
18.47
|
17.21
|
17.92
|
17.79
|
18.61
|
18.07
|
14.45
|
2005
|
19.26
|
19.17
|
20.12
|
20.37
|
20.37
|
20.70
|
19.36
|
20.37
|
20.31
|
19.66
|
20.91
|
22.30
|
2006
|
19.93
|
18.92
|
20.39
|
19.73
|
19.51
|
22.35
|
16.54
|
23.05
|
22.61
|
16.82
|
21.09
|
27.78
|
2007
|
16.01
|
12.38
|
15.92
|
11.87
|
14.00
|
22.88
|
4.83
|
23.87
|
22.08
|
0.94
|
N/A
|
N/A
|
Total
|
17.18%
|
16.48%
|
17.76%
|
17.60%
|
17.52%
|
17.97%
|
16.86%
|
17.69%
|
17.33%
|
17.78%
|
17.50%
|
16.76%
|
|
as Depositor of Citibank Credit Card Issuance Trust
|
|
and Citibank Credit Card Master Trust I
|