MONTHLY SERVICER'S CERTIFICATE
CITIBANK (SOUTH DAKOTA), N.A.
CITIBANK (NEVADA), NATIONAL ASSOCIATION
_______________________________________
STANDARD CREDIT CARD TRUST 1990-3
_______________________________________
The undersigned, a duly authorized representative of Citibank
(South Dakota), N.A., as Servicer ("Citibank (South Dakota)"), pursuant
to a Pooling and Servicing Agreement dated as of March 28, 1990 (the
"Pooling and Servicing Agreement"), by and among Citibank (South Dakota),
N.A., as Seller and Servicer, Citibank (Nevada), National Association,
as Seller, and Yasuda Bank and Trust Company (U.S.A.), as Trustee, does
hereby certify as follows:
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Pooling and Servicing Agreement.
2. Citibank (South Dakota) is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date
occurring on January 10, 1997 .
4a. The aggregate amount of Collections referred to
in Item 5 as a percentage of the aggregate amount
of Receivables in the Trust on the last
day of the Due Period preceding such Distribution
Date was equal to.................................... 13.17 % [1]
4b. The Defaulted Amount with respect to the Due
Period preceding such Distribution Date as a
percentage of the aggregate amount of Principal
Receivables in the Trust on average during the
Due Period preceding such Distribution Date was
equal to............................................ 5.32 %
4c. The Portfolio Yield for the Due Period preceding such
Distribution Date was equal to..................... 13.30 %
5. The aggregate amount of Collections processed for the
Due Period preceding such Distribution Date was equal
to..................................................$ 100,853,660 [1]
6. The aggregate amount of such Collections with respect
to Principal Receivables for the Due Period preceding
such Distribution Date was equal to................ $ 89,400,438
7. The aggregate amount of such Collections with respect
to Finance Charge Receivables for the Due Period pre-
ceding such Distribution Date was equal to..........$ 11,453,222 [1]
8. The Class A Floating Allocation Percentage for the Due
Period preceding such Distribution Date was equal
to ................................................ 34.5867 %
9. The Class A Floating Allocation Percentage of Collections
with respect to Finance Charge Receivables for the Due
Period preceding such Distribution Date was equal to
to..................................................$ 3,961,294 [1]
10. That amount of Class A Additional Funds with respect to
such Distribution Date is equal to..................$ 0
11. The amount of Class A Monthly Interest for such Distri-
bution Date, plus the amount of any Class A Monthly
Interest previously due but not deposited into the
Class A Monthly Interest Funding Account on a prior
Distribution Date was equal to .....................$ 1,649,306
11a. The amount of Class A Additional Interest for such
Distribution Date, plus the amount of any Class A
Additional Interest previously due but not deposited into
the Class A Interest Funding Account on a prior Distri-
bution Date was equal to............................ 0
12. The Class A Investor Default Amount for such Distribution
Date is equal to....................................$ 1,145,721
13. The Class A Monthly Servicing Fee for such Distribution
Date is equal to....................................$ 460,851
14. The Required Amount, if any, with respect to such Distri-
bution Date is equal to.............................$ 0
15. The Class B Floating Allocation Percentage for the Due
Period preceding such Distribution Date was equal
to ................................................ 8.5775 %
16. The Class B Floating Allocation Percentage of Collections
with respect to Finance Charge Receivables for the Due
Period preceding such Distribution Date was equal
to..................................................$ 982,401 [1]
17. The amount of Class B Additional Funds with respect to
such Distribution Date is equal to..................$ 0
18. The amount of Class B Monthly Interest for such Distri-
bution Date, plus the amount of any Class B Monthly
Interest previously due but not deposited into the
Class B Interest Funding Account on a prior Distribution
Date was equal to...................................$ 508,917
18a.The amount of Class B Additional Interest for such
Distribution Date, plus the amount of any Class B
Additional Interest previously due but not deposited
into the Class B Interest Funding Account on a prior
Distribution Date is equal to....................... 0
19. The amount of Excess Finance Charge Collections with
respect to such Distribution Date is equal to.......$ 1,041,752
20. The amount of Excess Finance Charge Collections referred
to in Item 19 that will be available to be distributed on
such Distribution Date to fund or reimburse the following
items:
(a) to fund the Required Amount, if any, with respect
to such Distribution Date..................$ 0
(b) to reimburse Class A Investor Charge-Offs..$ 0
(c) to pay current and/or overdue Class B Monthly Interest
or the Cumulative Excess Interest Amount...$ 0
(d) to fund the Class B Investor Default Amount with
respect to such Distribution Date..........$ 284,139
(e) to reimburse certain previous reductions in the
Class B Invested Amount....................$ 0
21. The amount of Excess Finance Charge
Collections available to be distributed
to the L/C Issuer with respect to such
Distribution Date is equal to......................$ 757,613
22. The amount of Reallocated Principal
Collections with respect to such
Distribution Date is equal to......................$ 0
23. The amount, if any, of Adjustment
Payments with respect to such
Distribution Date is equal to......................$ 0
24. The amount, if any, of Transfer
Deposit Amounts with respect to such
Distribution Date is equal to......................$ 0
25. The amount, if any, of Unallocated
Principal Collections with respect to
such Distribution Date is equal to.................$ 0
26. The Class A Fixed Allocation Percentage is equal to: 77.9418 %[2]
27a.The total amount to be deposited into the Class A
Principal Funding Account on such Distribution
Date is equal to...................................$ 41,666,667 [2]
27b.The total amount to be deposited into the Class B
Principal Funding Account on such Distribution
Date is equal to...................................$ 0
28a.The total amount on deposit in the Class A
Principal Funding Account on such Distribution
Date (after giving effect to the deposit referred
to in Item 27a) is equal to........................$ 333,333,333 [2]
28b.The total amount on deposit in the Class B
Principal Funding Account on such Distribution
Date (after giving effect to the deposit referred
to in Item 27b) is equal to........................$ 0
29. The total amount to be distributed to Class B
Certificateholders on such Distribution Date
in payment of principal is equal to................$ 0
30. The total amount to be deposited into the Class A
Interest Funding Account on such Distribution
Date including amounts earned in the Class A
Principal Funding Account is equal to..............$ 3,958,333
31. The total amount on deposit in the Class A
Interest Funding Account on such Distribution
Date (after giving effect to the deposit
referred to in Item 30) will be equal..............$ 7,916,667
32. The total amount to be deposited into the Class B
Interest Funding Account on such Distribution Date
will be equal to...................................$ 508,917
33. The total amount in the Class B Interest Funding
Account on such Distribution Date (after giving
effect to the deposit referred to in Item 32)
will be equal to...................................$ 1,017,833
34. The aggregate outstanding balance of the
Accounts which were delinquent by 35 days
to 64 days as of the close of business on
the last day of the calendar month preceding
such Distribution Date was equal to................$ 16,004,548
35. The aggregate outstanding balance of the
Accounts which were delinquent by 65 days
or more as of the close of business on the
last day of the calendar month preceding
such Distribution Date was equal to................$ 23,639,994
36. The amount of Class A Investor Charge-Offs
for such Distribution Date is equal to.............$ 0
37. The total amount of reimbursements of Class A
Investor Charge-Offs for such Distribution
Date is equal to...................................$ 0
38. The amount of Class B Investor Charge-Offs
and other reductions in the Class B Invested
Amount for such Distribution Date is equal to......$ 0
39. The total amount of reimbursements of Class B
Investor Charge-Offs for such Distribution Date
is equal to........................................$ 0
39a.The existing Deficit Controlled Amortization Amount
for such Distribution Date is equal to.............$ 0 [3]
40. The aggregate amount of Principal Receivables in
the Trust at the close of business on the last
day of the Due Period preceding such Distribution
Date was equal to..................................$ 753,360,402
41. The aggregate amount of Finance Charge Receivables
in the Trust at the close of business on the last
day of the Due Period preceding such Distribution
Date was equal to..................................$ 12,551,623
42. The Class A Invested Amount at the close of
business on such Distribution Date (after
giving effect to all payments and adjustments
on such Distribution Date) will be equal to........$ 166,666,667
43. The Class B Invested Amount at the close of
business on such Distribution Date (after
giving effect to all payments and adjustments
on such Distribution Date) will be equal to........$ 62,000,000
44. The Available L/C Amount as of the close of
business on the preceding Distribution Date,
after giving effect to any drawings on the
L/C and payments to the L/C Issuer on such
Distribution Date, was equal to....................$ 33,720,000
45. The Total Draw Amount with respect to such
Distribution Date is equal to......................$ 0
46. The Total Draw Amount with respect to such Distribution
Date is equal to the sum of the following:
(a) Interest Draw Amount.......$ 0
(b) Reimbursement Draw Amount..$ 0
(c) Special Draw Amount........$ 0
47. The Available L/C Amount as of the close of business
on such Distribution Date, after giving effect to any
drawings on the L/C and payments to the L/C Issuer on
such Distribution Date, will be equal to............$ 33,720,000
48. The ratio of the Available L/C Amount to the Class B
Invested Amount as of the close of business on such
Distribution Date, after giving effect to any drawings
on the L/C and payments to the L/C Issuer on such
Distribution Date will be equal to..................$ 54.39 %
49. The Cumulative Excess Interest Amount as of the close
of business on such Distribution Date, after giving
effect to any deposits in the Class B Interest Funding
Account on such Distribution Date will be equal to..$ 0
50. The amount of Defaulted Receivables (gross principal
write-offs) with respect to the Due Period preceding
such Distribution Date was equal to.................$ 3,811,448
51. The Defaulted Amount (net of recoveries) with respect
to the Due Period preceding such Distribution Date
was equal to........................................$ 3,312,605
52. As of the date hereof, to the best knowledge of the
undersigned, (a) the Servicer has performed in all
material respects all its obligtions under the Pooling
and Servicing Agreement through the Due Period preceding
such Distribution Date.
53. As of the date hereof, to the best knowledge of the
undersigned, no Amortization Event has been deemed
to have occurred on or prior to such Distribution Date.
54. As of the date hereof, to the best knowledge of the
undersigned, no Lien has been placed on any of the
Receivables other than pursuant to the Pooling and
Servicing Agreement.
55. On November 5, 1990, Standard & Poor's Corporation
lowered the Investment Provider's long-term senior
debt rating from AA- to A+ and the Investment
Provider's short-term debt rating from A-1+ to A-1.
On January 25, 1991, Xxxxx'x Investors Service, Inc. lowered
the Investment Provider's long-term senior debt rating to
Baa2 from A3 and the Investment Provider's short-term
rating to P3 from P2. The Servicer has established an
arrangement satisfactory to the Trustee and the Rating
Agency such that the Rating Agency will not reduce the
rating of the Investor Certificates as a result of the
downgrades described above.
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this Certificate this 8th day of January 1997.
CITIBANK (SOUTH DAKOTA), N.A.,
as Servicer,
By:/s/ Xxxxx Xxxxxx
------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
[1] Includes Interchange and Finance Charge Recoveries.
[2] Applicable during the Accumulation Period and any Early
Amortization Period.
[3] Applicable during the Accumulation Period.
