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: $ 2,662,186,134.57
Beginning of the Month Finance Charge Receivables: $ 123,715,555.73
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,785,901,690.30
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 457,243,563.96
Additional Finance Charge Receivables: $ 24,096,331.49
Additional Total Receivables: $ 481,339,895.45
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 3,082,917,047.88
End of the Month Finance Charge Receivables: $ 149,202,144.54
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,232,119,192.42
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 782,917,047.88
End of the Month Transferor Percentage 25.40%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 63,797,998.85
60-89 Days Delinquent $ 45,398,618.64
90+ Days Delinquent $ 86,915,266.31
Total 30+ Days Delinquent $ 196,111,883.80
Delinquent Percentage 6.07%
Defaulted Accounts During the Month $ 18,207,054.22
Annualized Default Percentage 8.21%
Principal Collections 346,386,216.49
Principal Payment Rate 13.01%
Total Payment Rate 13.98%
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 14.76%
PRINCIPAL ALLOCATION PERCENTAGE 14.76%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,686,487.26
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,289,414.54
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,289,414.54
Class A Monthly Interest $ 2,038,426.11
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,471,568.28
TOTAL CLASS A EXCESS SPREAD $ 1,319,420.15
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 546,905.60
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 546,905.60
Class B Monthly Interest $ 180,090.00
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 326,815.60
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,646,235.75
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 $ 214,918.98
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 25,434.72
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 1,405,882.05
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 Investors 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
YIELD AND BASE RATE --
Base Rate (Current Month) 8.89%
Base Rate (Prior Month) 8.91%
Base Rate (Two Months Ago) 8.78%
THREE MONTH AVERAGE BASE RATE 8.86%
Portfolio Yield (Current Month) 12.45%
Portfolio Yield (Prior Month) 12.69%
Portfolio Yield (Two Months Ago) 9.65%
THREE MONTH AVERAGE PORTFOLIO YIELD 11.60%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 46,845,541.25
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,073,525.34
TOTAL PRINCIPAL COLLECTIONS $ 50,919,066.59
INVESTOR DEFAULT AMOUNT $ 2,686,487.26
REALLOCATED PRINCIPAL COLLECTIONS $ 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 AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 53,605,553.85
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
--------------------------------
Tracie H. Klein
First Vice President