Bank One/First USA restated its first and second quarter figures yesterday to CardData (www.carddata.com). The adjusted figures for the first quarter shows that receivables were $68.0 billion instead of the previously reported $68.2 billion. Charge volume for the first quarter was also revised downward from $26.8 billion to $26.7 billion. Bank One/First USA’s second quarter numbers show a net gain of more than 700,000 cards during the second quarter. For the more current quarterly figures on more than 300 major U.S. issuers visit CardData ([www.carddata.com]).
BANK ONE/FIRST USA 1999 PORTFOLIO DATA
Receivables: $68,009,000,000 $68,981,000,000
YTD Volume: $26,711,100,000 $28,712,300,000
Cards: 58.075,000 58,785,900
Source: CardData (www.carddata.com)