Exhibit 99.2
Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,724,412,350.06
Beginning of the Month Finance Charge Receivables: $ 122,550,039.88
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,846,962,389.94
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: $ 2,642,515,677.67
End of the Month Finance Charge Receivables: $ 125,027,951.06
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,767,543,628.73
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 342,515,677.67
End of the Month Transferor Percentage 12.96%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 61,053,470.27
60-89 Days Delinquent $ 45,830,613.41
90+ Days Delinquent $ 101,518,284.91
Page 2
Total 30+ Days Delinquent $ 208,402,368.59
Delinquent Percentage 7.53%
Defaulted Accounts During the Month $ 20,063,362.42
Annualized Default Percentage 8.84%
Principal Collections 375,517,214.43
Principal Payment Rate 13.78%
Total Payment Rate 14.72%
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 14.68%
PRINCIPAL ALLOCATION PERCENTAGE 14.68%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,945,722.93
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,341,811.57
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,341,811.57
Page 3
Class A Monthly Interest $ 1,729,497.78
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,710,065.10
TOTAL CLASS A EXCESS SPREAD $ 1,442,248.69
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 551,461.86
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 551,461.86
Class B Monthly Interest $ 153,128.89
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 358,332.97
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,800,581.66
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor
Charge Offs $ 0.00
Excess Spread Applied to Class B Items $ 235,657.83
Excess Spread Applied to Class B Investor
Charge Offs $ 0.00
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Excess Spread Applied to Monthly Cash
Collateral Fee $ 26,133.33
Excess Spread Applied to Cash Collateral
Account $ 0.00
Excess Spread Applied to other amounts owed
Cash Collateral Depositor $ 1,538,790.50
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 1995-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1995-A $ 0.00
Excess Finance Charge Collections Applied
to 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 Items $ 0.00
Excess Finance Charge Collections Applied
to Class B Investor Charge Offs $ 0.00
Excess Finance Charge Collections Applied
to Monthly Cash Collateral Fee $ 0.00
Excess Finance Charge Collections Applied $ 0.00
to Cash Collateral Account
Excess Finance Charge Collections Applied
to other amounts owed Cash Collateral Depositor $ 0.00
Page 5
YIELD AND BASE RATE --
Base Rate (Current Month) 8.05%
Base Rate (Prior Month) 8.72%
Base Rate (Two Months Ago) 7.69%
THREE MONTH AVERAGE BASE RATE 8.15%
Portfolio Yield (Current Month) 11.84%
Portfolio Yield (Prior Month) 13.48%
Portfolio Yield (Two Months Ago) 11.77%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.36%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 50,723,107.91
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,410,705.04
TOTAL PRINCIPAL COLLECTIONS $ 55,133,812.95
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
Page 6
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 $ 55,133,812.95
SHARING
INVESTOR CHARGE OFFS --
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 Payments $ 0.00
Class B Interest Rate Cap Payments $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ Tracie Klein
----------------------------
Tracie H. Klein
First Vice President