Exhibit 99.6
Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-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
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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 $ 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 16.60%
PRINCIPAL ALLOCATION PERCENTAGE 16.60%
MONTHLY SERVICING FEE $ 562,500.00
INVESTOR DEFAULT AMOUNT $ 3,022,298.17
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 6,306,516.38
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,306,516.38
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Class A Monthly Interest $ 2,014,240.31
Class A Servicing Fee $ 461,250.00
Class A Investor Default Amount $ 2,478,284.50
TOTAL CLASS A EXCESS SPREAD $ 1,352,741.57
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 653,724.27
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 653,724.27
Class B Monthly Interest $ 215,726.02
Class B Servicing Fee $ 47,812.50
TOTAL CLASS B EXCESS SPREAD $ 390,185.75
CLASS B INVESTOR DEFAULT AMOUNT 256,895.34
CLASS B REQUIRED AMOUNT 256,895.34
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,420,122.82
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 $ 256,895.34
Excess Spread Applied to Reductions of
Class B Invested Amount $ 0.00
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Excess Spread Applied to Class C Required Amount $ 549,747.31
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 $1,519,730.17
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
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
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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) 8.88%
Base Rate (Prior Month) 8.90%
Base Rate (Two Months Ago) 8.77%
THREE MONTH AVERAGE BASE RATE 8.85%
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 --
TOTAL PRINCIPAL COLLECTIONS $ 57,284,062.54
INVESTOR DEFAULT AMOUNT $ 3,022,298.17
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $ 0.00
Allocable to Class B Certificates $ 0.00
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SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES $ 0.00
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 $ 60,306,360.71
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
Page 7
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, National Association
as Servicer
By: /s/ Tracie H. Klein
--------------------------------
Tracie H. Klein
First Vice President