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

Exhibit 99.3

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:	$2,357,181,494.88
Beginning of the Month Finance Charge Receivables:	$105,282,988.16
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,462,464,483.04
Removed Principal Receivables:	$118,441.62
Removed Finance Charge Receivables:	$2,332.83
Removed Total Receivables:	$120,774.45
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:	$2,316,944,372.04
End of the Month Finance Charge Receivables:	$102,272,943.02
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,419,217,315.06
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$193,333,333.35
End of the Month Transferor Amount	$2,123,611,038.69
End of the Month Transferor Percentage	91.66	%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$49,008,020.64
60-89 Days Delinquent	$37,504,088.96
90+ Days Delinquent	$83,368,978.52
Total 30+ Days Delinquent	$169,881,088.12
Delinquent Percentage	7.02	%
Defaulted Accounts During the Month	$15,569,172.96
Annualized Default Percentage	7.95	%

Aug-2003 1996-C Page 2

Principal Collections	$303,000,546.16
Principal Payment Rate	12.85	%
Total Payment Rate	13.67	%
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	$82,000,000.02
Class B Adjusted Invested Amount	$25,500,000.00
Class C Adjusted Invested Amount	$28,500,000.00
ADJUSTED INVESTED AMOUNT	$136,000,000.02
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	8.11	%
PRINCIPAL ALLOCATION PERCENTAGE	12.76	%
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	$38,670,888.88
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1996-C	$2,712,417.02
MONTHLY SERVICING FEE	$204,166.67
INVESTOR DEFAULT AMOUNT	$1,264,486.34

Aug-2003 1996-C Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	71.68	%
Class A Finance Charge Collections	$2,398,821.47
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$2,398,821.47
Class A Monthly Interest	$264,791.67
Class A Servicing Fee	$136,666.67
Class A Investor Default Amount	$906,362.59
TOTAL CLASS A EXCESS SPREAD	$1,091,000.54
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	13.37	%
Class B Finance Charge Collections	$394,637.07
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$394,637.07
Class B Monthly Interest	$32,608.13
Class B Servicing Fee	$31,875.00
TOTAL CLASS B EXCESS SPREAD	$330,153.94
CLASS B INVESTOR DEFAULT AMOUNT	$169,113.99
CLASS B REQUIRED AMOUNT	$169,113.99
CLASS C FLOATING ALLOCATION PERCENTAGE	14.95	%
CLASS C MONTHLY SERVICING FEE	$35,625.00

Aug-2003 1996-C Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$1,826,594.44
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	$169,113.99
Excess Spread Applied to Reductions of Class B
Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$239,565.59
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	$43,691.50
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	$1,311,723.36

Aug-2003 1996-C Page 5

EXCESS FINANCE CHARGE COLLECTIONS — GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I		$1,704,023.70
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)		2.48	%
Base Rate (Prior Month)		2.66	%
Base Rate (Two Months Ago)		2.82	%
THREE MONTH AVERAGE BASE RATE		2.65	%
Portfolio Yield (Current Month)		7.88	%
Portfolio Yield (Prior Month)	��	8.24	%
Portfolio Yield (Two Months Ago)		9.30	%
THREE MONTH AVERAGE PORTFOLIO YIELD		8.47	%

Aug-2003 1996-C Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$38,670,888.88
INVESTOR DEFAULT AMOUNT	$1,264,486.34
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests	$0.00
Allocable to Class B Certificates	$0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES	$0.00
CLASS A SCHEDULED ACCUMULATION —
Controlled Accumulation Amount	$27,333,333.33
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$27,333,333.33
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	$12,602,041.89
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	$4,080,000.00
Available Cash Collateral Amount	$4,900,000.00
TOTAL DRAW AMOUNT	$0.00
CASH COLLATERAL ACCOUNT SURPLUS	$820,000.00

Bank One, Delaware, National Association (Formerly First USA Bank, National Association) as Servicer

By:	/s/    JEFFREY T. RIGG
	Jeffrey T. Rigg Senior Vice President