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Exhibit 99.2
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: $ 2,680,593,719.10
Beginning of the Month Finance Charge Receivables: $ 126,557,096.55
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,807,150,815.65
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: $ 2,683,054,722.71
End of the Month Finance Charge Receivables: $ 124,500,103.29
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,807,554,826.00
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 383,054,722.71
End of the Month Transferor Percentage 14.28%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 55,183,955.21
60-89 Days Delinquent $ 37,347,640.13
90+ Days Delinquent $ 79,589,652.66
Total 30+ Days Delinquent $ 172,121,248.00
Delinquent Percentage 6.13%
Defaulted Accounts During the Month $ 25,413,584.81
Annualized Default Percentage 11.38%
Principal Collections 346,833,893.54
Principal Payment Rate 12.94%
Total Payment Rate 13.91%
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 14.92%
PRINCIPAL ALLOCATION PERCENTAGE 14.92%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 3,792,240.54
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,447,548.22
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,447,548.22
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Class A Monthly Interest $ 2,146,130.00
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 3,488,861.30
TOTAL CLASS A EXCESS SPREAD $ 352,556.92
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 560,656.38
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 560,656.38
Class B Monthly Interest $ 189,651.11
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 331,005.27
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 683,562.19
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 $ 303,379.24
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 27,787.68
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 352,395.27
Cash Collateral Depositor
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 $ 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
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
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YIELD AND BASE RATE --
Base Rate (Current Month) 8.78%
Base Rate (Prior Month) 8.39%
Base Rate (Two Months Ago) 8.26%
THREE MONTH AVERAGE BASE RATE 8.48%
Portfolio Yield (Current Month) 9.65%
Portfolio Yield (Prior Month) 11.87%
Portfolio Yield (Two Months Ago) 14.40%
THREE MONTH AVERAGE PORTFOLIO YIELD 11.97%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 47,614,508.38
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,140,392.05
TOTAL PRINCIPAL COLLECTIONS $ 51,754,900.43
INVESTOR DEFAULT AMOUNT $ 3,792,240.54
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
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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 $ 55,547,140.97
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, National Association,
as Servicer
By: /s/ Tracie Klein
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Tracie H. Klein
First Vice President