CC Master Credit Card Trust Ii 8-K Financial statements and exhibits

Exhibit 99.5

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

SERIES 1996-C

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

RECEIVABLES
Beginning of the Month Principal Receivables:	$2,602,535,610.14
Beginning of the Month Finance Charge Receivables:	$134,564,716.92
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,737,100,327.06
Removed Principal Receivables:	$0.00
Removed Finance Charge Receivables:	$0.00
Removed Total Receivables:	$0.00
Additional Principal Receivables:	$0.00
Additional Finance Charge Receivables:	$0.00
Additional Total Receivables:	$0.00
Discounted Receivables Generated this Period:	$0.00
End of the Month Principal Receivables:	$2,600,198,200.61
End of the Month Finance Charge Receivables:	$133,319,799.76
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,733,518,000.37
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$1,307,400,000.00
End of the Month Transferor Amount	$1,292,798,200.61
End of the Month Transferor Percentage	49.72	%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$61,702,423.03
60-89 Days Delinquent	$39,967,329.88
90+ Days Delinquent	$77,526,273.18
Total 30+ Days Delinquent	$179,196,026.09
Delinquent Percentage	6.56	%
Defaulted Accounts During the Month	$15,679,363.95
Annualized Default Percentage	7.23	%

Aug-2002 1996-C Page 2

Principal Collections	$291,621,307.65
Principal Payment Rate	11.21	%
Total Payment Rate	12.05	%
INVESTED AMOUNTS
Class A Initial Invested Amount	$184,500,000.00
Class B Initial Invested Amount	$19,125,000.00
Class C Initial Invested Amount	$21,375,000.00
INITIAL INVESTED AMOUNT	$225,000,000.00
Class A Invested Amount	$246,000,000.00
Class B Invested Amount	$25,500,000.00
Class C Invested Amount	$28,500,000.00
INVESTED AMOUNT	$300,000,000.00
Class A Adjusted Invested Amount	$246,000,000.00
Class B Adjusted Invested Amount	$25,500,000.00
Class C Adjusted Invested Amount	$28,500,000.00
ADJUSTED INVESTED AMOUNT	$300,000,000.00
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	11.53	%
PRINCIPAL ALLOCATION PERCENTAGE	11.53	%
Class A Principal Allocation Percentage	82.00	%
Class B Principal Allocation Percentage	8.50	%
Class C Principal Allocation Percentage	9.50	%
COLLECTIONS OF PRINCIPAL RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1996-C	$33,615,829.14
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1996-C	$4,416,015.72
MONTHLY SERVICING FEE	$375,000.00
INVESTOR DEFAULT AMOUNT	$1,807,394.74

Aug-2002 1996-C Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	82.00	%
Class A Finance Charge Collections	$3,928,632.94
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$3,928,632.94
Class A Monthly Interest	$419,840.00
Class A Servicing Fee	$307,500.00
Class A Investor Default Amount	$1,482,063.69
TOTAL CLASS A EXCESS SPREAD	$1,719,229.25
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	8.50	%
Class B Finance Charge Collections	$407,236.31
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$407,236.31
Class B Monthly Interest	$48,846.67
Class B Servicing Fee	$31,875.00
TOTAL CLASS B EXCESS SPREAD	$326,514.64
CLASS B INVESTOR DEFAULT AMOUNT	$153,628.55
CLASS B REQUIRED AMOUNT	$153,628.55
CLASS C FLOATING ALLOCATION PERCENTAGE	9.50	%
CLASS C MONTHLY SERVICING FEE	$35,625.00

Aug-2002 1996-C Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$2,465,265.36
Excess Spread Applied to Class A Required Amount	$0.00
Excess Spread Applied to Class A Investor Charge Offs	$0.00
Excess Spread Applied to Class B Required Amount	$153,628.55
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$240,862.50
Excess Spread Applied to Reductions of Class C Invested Amount	$0.00
Excess Spread Applied to Monthly Cash Collateral Fee	$62,500.00
Excess Spread Applied to Cash Collateral Account	$0.00
Excess Spread Applied to Spread Account	$0.00
Excess Spread Applied to Reserve Account	$0.00
Excess Spread Applied to other amounts owed to Cash Collateral Depositor	$0.00
Excess Spread Applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I	$2,008,274.31

Aug-2002 1996-C Page 5

EXCESS FINANCE CHARGE COLLECTIONS — GROUP I

TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I $ 6,928,495.39

SERIES 1996-C EXCESS FINANCE CHARGE COLLECTIONS

EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1996-C	$0.00
Excess Finance Charge Collections applied to Class A Required Amount	$0.00
Excess Finance Charge Collections applied to Class A Investor Charge Offs	$0.00
Excess Finance Charge Collections applied to Class B Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class B Invested Amount	$0.00
Excess Finance Charge Collections applied to Class C Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class C Invested Amount	$0.00
Excess Finance Charge Collections applied to Monthly Cash Collateral Fee	$0.00
Excess Finance Charge Collections applied to other amounts owed Cash Collateral Depositor	$0.00
Excess Finance Charge Collections applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
YIELD AND BASE RATE
Base Rate (Current Month)	4.02	%
Base Rate (Prior Month)	4.08	%
Base Rate (Two Months Ago)	4.08	%
THREE MONTH AVERAGE BASE RATE	4.06	%
Portfolio Yield (Current Month)	11.93	%
Portfolio Yield (Prior Month)	11.76	%
Portfolio Yield (Two Months Ago)	11.49	%
THREE MONTH AVERAGE PORTFOLIO YIELD	11.73	%

5

Aug-2002 1996-C Page 6

PRINCIPAL COLLECTIONS

TOTAL PRINCIPAL COLLECTIONS	$	33,615,829.14
INVESTOR DEFAULT AMOUNT		$1,807,394.74
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests		$0.00
Allocable to Class B Certficates		$0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES		0.00
CLASS A SCHEDULED ACCUMULATION —
Controlled Accumulation Amount		$0.00
Deficit Controlled Accumulation Amount		$0.00
CONTROLLED DEPOSIT AMOUNT		$0.00
CLASS B SCHEDULED ACCUMULATION —
Controlled Accumulation Amount		$0.00
Deficit Controlled Accumulation Amount		$0.00
CONTROLLED DEPOSIT AMOUNT		$0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL SHARING	$	35,423,223.88
INVESTOR CHARGE OFFS
CLASS A INVESTOR CHARGE OFFS		$0.00
CLASS B INVESTOR CHARGE OFFS		$0.00
CLASS C INVESTOR CHARGE OFFS		$0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED		$0.00
PREVIOUS CLASS B REDUCTIONS REIMBURSED		$0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED		$0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount		$9,000,000.00
Available Cash Collateral Amount		$9,000,000.00
TOTAL DRAW AMOUNT		$0.00
CASH COLLATERAL ACCOUNT SURPLUS		$0.00

First USA Bank, National Association as Servicer
By:	/s/  Michael J. Grubb
	Michael J. Grubb First Vice President