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Exhibit (a)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
DISCOVER CARD MASTER TRUST I
Series 1996-3 Monthly Statement
Class A Certificate CUSIP # 25466KAY5
Class B Certificate CUSIP # 25466KAZ2
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<S> <C>
Distribution Date: June 15, 2005 Month Ending: May 31, 2005
Pursuant to the Series Supplement dated as of February 21,
1996,
as amended, relating to the Amended and Restated Pooling and
Servicing Agreement dated as of November 3, 2004 by and
between Discover Bank and U.S. Bank National Association,
as Trustee, the Trustee is required to prepare certain
information each month regarding current distributions to
investors and the performance of the Trust. We have set
forth below this information for the Distribution Date
listed
above, as well as for the calendar month ended on the date
listed above.
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<CAPTION>
1.Payments to investors in Series 1996-3 on this Distribution
Date (per $1000
of Class Initial Investor Interest)
Series 1996-3 Total Interest Principal
<S> <C> <C> <C> <C>
Class A 6.0500000% $0.000000000 $0.000000000 $0.000000000
Class B 6.2500000% $0.000000000 $0.000000000 $0.000000000
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<CAPTION>
2.Principal Receivables at the end of May, 2005
<S> <C>
(a) Aggregate Investor Interest $25,759,988,000.00
Seller Interest $6,056,030,796.52
Total Master Trust $31,816,018,796.52
(b) Group One Investor Interest $25,759,988,000.00
(c) Group One Investor Interest for
Interchange Series $4,736,844,000.00
(d) Series 1996-3 Investor Interest $631,579,000.00
(e) Class A Investor Interest $600,000,000.00
Class B Investor Interest $31,579,000.00
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<CAPTION>
3.Allocation of Receivables and other amounts collected
during May, 2005
Finance Charge Principal
Collections Collections Interchange
<S> <C> <C> <C>
(a) Allocation between Investors and Seller:
Aggregate Investor Allocation$358,770,943.85 $5,210,210,836.59
$12,535,314.03
Seller Allocation $86,428,864.79 $1,255,153,506.82
$72,263,595.76
(b) Group One Allocation $358,770,943.85 $5,210,210,836.59
$12,535,314.03
(c) Series 1996-3 Allocation $8,774,443.02 $127,425,865.85
$0.00
(d) Class A Allocation $8,335,921.21 $121,057,481.97 $0.00
Class B Allocation $438,521.81 $6,368,383.88 $0.00
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<CAPTION>
<S> <C>
(e) Principal Collections as a monthly percentage of Master
Trust Receivables at the beginning of May, 2005 19.92%
(f) Finance Charge Collections as a monthly percentage of
Master
Trust Receivables at the beginning of May, 2005 1.37%
(g) Total Collections as a monthly percentage of Master
Trust Receivables at the beginning of May, 2005 21.29%
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<CAPTION>
4. Information Concerning the Series Principal Funding Account
("SPFA")
Deposits into the Deficit Amount
SPFA on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1996-3 $0.00 $0.00 $0.00 $0.00
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<CAPTION>
5. Information Concerning Amount of Controlled Liquidation
Payments
Amount Paid on Deficit Amount on Total Payments
this this through this
Distribution Date Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1996-3 $0.00 $0.00 $0.00
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<CAPTION>
6. Information Concerning the Series Interest Funding Account
("SIFA")
Deposits into the SIFA SIFA
on this Distribution Date Balance
<S> <C> <C>
Series 1996-3 $3,189,473.96 $12,757,895.84
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<CAPTION>
7. Pool Factors for May, 2005
<S> <C>
Class A 1.00000000
Class B 1.00000000
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<CAPTION>
8.Investor Charged-Off Amount
Cumulative Investor
May, 2005 Charged-Off Amount
<S> <C> <C>
(a) Group One $146,092,131.03 $0.00
(b) Series 1996-3 $3,572,967.94 $0.00
(c) Class A $3,394,401.12 $0.00
Class B $178,566.82 $0.00
(d) As an annualized percentage of
Principal Receivables at the
beginning of May, 2005 6.79% N/A
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<CAPTION>
9.Investor Losses for May, 2005
Per $1,000 of Initial
Total Series Investor Interest
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Series 1996-3 $0.00 $0.00
(c) Class A $0.00 $0.00
Class B $0.00 $0.00
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<CAPTION>
10. Reimbursement of Investor Losses for May, 2005
Per $1,000 of Initial
Total Series Investor Interest
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Series 1996-3 $0.00 $0.00
(c) Class A $0.00 $0.00
Class B $0.00 $0.00
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<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses for May,
2005
Per $1,000 of Initial
Total Series Investor Interest
<S> <C> <C>
(a) Group One $0.00
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