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              MONTHLY STATEMENT TO CERTIFICATEHOLDERS
                          SERIES 1996-A
               CHEVY CHASE MASTER CREDIT CARD TRUST II

RECEIVABLES


Beginning of the Month Principal Receivables:              $  2,121,117,452.26
Beginning of the Month Finance Charge Receivables:         $     74,247,260.51
Beginning of the Month Discounted Receivables:             $              0.00
Beginning of the Month Total Receivables:                  $  2,195,364,712.77


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:                    $  2,077,427,520.47
End of the Month Finance Charge Receivables:               $     76,461,713.10
End of the Month Discounted Receivables:                   $              0.00
End of the Month Total Receivables:                        $  2,153,889,233.57


Special Funding Account Balance                            $              0.00
Aggregate Invested Amount (all Master Trust Series)        $  1,915,500,000.00
End of the Month Transferor Amount                         $    161,927,520.47
End of the Month Transferor Percentage                                    7.79%


DELINQUENCIES AND LOSSES


End of the Month Delinquencies:                                 RECEIVABLES


   30-59 Days Delinquent                                   $     51,601,952.87
   60-89 Days Delinquent                                   $     32,391,378.04
   90+ Days Delinquent                                     $     62,422,395.45


   Total 30+ Days Delinquent                               $    146,415,726.36
   Delinquent Percentage                                                  6.80%

Defaulted Accounts During the Month                        $     17,344,034.20
Annualized Default Percentage                                             9.81%

Principal Collections                                           218,237,147.65
Principal Payment Rate                                                   10.29%

Total Payment Rate                                                       11.61%




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INVESTED AMOUNTS

   Class A Initial Invested Amount        $ 369,000,000.00
   Class B Initial Invested Amount        $  38,250,000.00
   Class C Initial Invested Amount        $  42,750,000.00

INITIAL INVESTED AMOUNT                                    $    450,000,000.00

   Class A Invested Amount                $ 369,000,000.00
   Class B Invested Amount                $  38,250,000.00
   Class C Invested Amount                $  42,750,000.00

INVESTED AMOUNT                                            $    450,000,000.00

FLOATING ALLOCATION PERCENTAGE                                           21.22%
PRINCIPAL ALLOCATION PERCENTAGE                                          21.22%

MONTHLY SERVICING FEE                                      $        750,000.00

INVESTOR DEFAULT AMOUNT                                    $      3,680,404.06


CLASS A AVAILABLE FUNDS--


CLASS A FLOATING PERCENTAGE                                              82.00%

   Class A Finance Charge Collections     $   6,822,800.62
   Other Amounts                          $           0.00

TOTAL CLASS A AVAILABLE FUNDS                              $      6,822,800.62

    
   Class A Monthly Interest               $   1,942,823.44
   Class A Servicing Fee                  $     615,000.00
   Class A Investor Default Amount        $   3,017,931.32

TOTAL CLASS A EXCESS SPREAD                                $      1,247,045.86


REQUIRED AMOUNT                                            $              0.00


CLASS B AVAILABLE FUNDS


CLASS B FLOATING PERCENTAGE                                               8.50%

   Class B Finance Charge Collections     $     707,241.54
   Other Amounts                          $           0.00

TOTAL CLASS B AVAILABLE FUNDS                              $        707,241.54

   Class B Monthly Interest               $     209,279.30
   Class B Servicing Fee                  $      63,750.00

TOTAL CLASS B EXCESS SPREAD                                $        434,212.24
CLASS B INVESTOR DEFAULT AMOUNT                                     312,834.35
CLASS B REQUIRED AMOUNT                                             312,834.35



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EXCESS SPREAD --


TOTAL EXCESS SPREAD                                        $      2,400,454.53


   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                                         $        312,834.35

   Excess Spread Applied to Reductions of                  $              0.00
   Class B Invested Amount

   Excess Spread Applied to Class C Required Amount        $        608,030.97

   Excess Spread Applied to Reductions of 
   Class C Invested Amount                                 $              0.00

   Excess Spread Applied to Monthly Cash                   $         93,750.00
   Collateral Fee

   Excess Spread Applied to Cash Collateral                $              0.00
   Account

   Excess Spread Applied to Spread Account                 $      1,385,839.21

   Excess Spread Applied to Reserve Account                $              0.00

   Excess Spread Applied to other amounts owed             $              0.00
   Cash Collateral Depositor

   Excess Spread Applied to other amounts owed to 
   Spread Account Residual Interest Holders                $              0.00

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I                                                    $              0.00


EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --

TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL 
SERIES IN GROUP I                                          $              0.00


SERIES 1996-A EXCESS FINANCE CHARGE COLLECTIONS --

EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO             $              0.00
SERIES 1996-A

   Excess Finance Charge Collections Applied to 
   Class A Required Amount                                 $              0.00







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   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)                          7.84%
   Base Rate (Prior Month)                            8.23%
   Base Rate (Two Months Ago)                         7.94%

THREE MONTH AVERAGE BASE RATE                                             8.00%

   Portfolio Yield (Current Month)                   12.37%
   Portfolio Yield (Prior Month)                     14.10%
   Portfolio Yield (Two Months Ago)                   9.35%

THREE MONTH AVERAGE PORTFOLIO YIELD                                      11.94%



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PRINCIPAL COLLECTIONS --

TOTAL PRINCIPAL COLLECTIONS                                $     46,309,922.73

REALLOCATED PRINCIPAL COLLECTIONS

              Allocable to Class C Interests               $              0.00

              Allocable to Class B Certificates            $              0.00

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER          $              0.00
SERIES


CLASS A SCHEDULED AMORTIZATION --

   Controlled Amortization Amount         $           0.00
   Deficit Controlled Amortization Amount $           0.00

CONTROLLED DEPOSIT AMOUNT                                  $              0.00


CLASS B SCHEDULED AMORTIZATION --

   Controlled Accumulation Amount         $           0.00
   Deficit Controlled Accumulation Amount $           0.00

CONTROLLED DEPOSIT AMOUNT                                  $              0.00

EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL        $     46,309,922.73
SHARING



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 CHARGE OFFS REIMBURSED                    $              0.00
PREVIOUS CLASS C CHARGE OFFS REIMBURSED                    $              0.00

CASH COLLATERAL ACCOUNT --


   Required Cash Collateral Amount        $  13,500,000.00
   Available Cash Collateral Amount       $  13,500,000.00









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TOTAL DRAW AMOUNT                                          $              0.00
CASH COLLATERAL ACCOUNT SURPLUS                            $              0.00


                                CHEVY CHASE BANK, F.S.B.,
                                as Servicer


                                By:  ________________________
                                         Jessica L. Parker
                                         Vice President
                                         and Assistant Controller