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MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CHEVY CHASE MASTER CREDIT CARD TRUST II
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,077,427,520.47
Beginning of the Month Finance Charge Receivables: $ 76,461,713.10
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,153,889,233.57
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: $ 2,025,676,913.10
End of the Month Finance Charge Receivables: $ 76,786,914.89
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,102,463,827.99
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 1,870,000,000.00
End of the Month Transferor Amount $ 155,676,913.10
End of the Month Transferor Percentage 7.69%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 49,232,340.45
60-89 Days Delinquent $ 33,202,032.02
90+ Days Delinquent $ 61,698,632.59
Total 30+ Days Delinquent $ 144,133,005.06
Delinquent Percentage 6.86%
Defaulted Accounts During the Month $ 17,674,005.29
Annualized Default Percentage 10.21%
Principal Collections 207,572,127.70
Principal Payment Rate 9.99%
Total Payment Rate 11.23%
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INVESTED AMOUNTS
Class A Initial Invested Amount $ 368,000,000.00
Class B Initial Invested Amount $ 32,000,000.00
INITIAL INVESTED AMOUNT $ 400,000,000.00
Class A Invested Amount $ 368,000,000.00
Class B Invested Amount $ 32,000,000.00
INVESTED AMOUNT $ 400,000,000.00
FLOATING ALLOCATION PERCENTAGE 19.25%
PRINCIPAL ALLOCATION PERCENTAGE 19.25%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,402,246.02
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,521,514.23
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,521,514.23
Class A Monthly Interest $ 1,621,500.00
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 3,130,066.34
TOTAL CLASS A EXCESS SPREAD $ 1,156,614.56
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 567,088.19
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 567,088.19
Class B Monthly Interest $ 143,640.00
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 370,114.86
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,526,729.42
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 272,179.68
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 23,596.37
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $ 1,230,953.37
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 3,290,793.04
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-A
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
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Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
YIELD AND BASE RATE --
Base Rate (Current Month) 7.88%
Base Rate (Prior Month) 7.85%
Base Rate (Two Months Ago) 8.24%
THREE MONTH AVERAGE BASE RATE 7.99%
Portfolio Yield (Current Month) 11.06%
Portfolio Yield (Prior Month) 12.37%
Portfolio Yield (Two Months Ago) 14.10%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.51%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 36,761,023.81
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,196,610.76
TOTAL PRINCIPAL COLLECTIONS $ 39,957,634.57
REALLOCATED PRINCIPAL COLLECTIONS $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 39,957,634.57
SHARING
INVESTOR CHARGE OFFS --
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CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 52,000,000.00
Available Cash Collateral Amount $ 52,000,000.00
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Paymets $ 0.00
Class B Interest Rate Cap Paymets $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
CHEVY CHASE BANK, F.S.B.,
as Servicer
Mark A. Holles
By: ________________________
Mark A. Holles
Vice President