EXHIBIT 99.2
Jan-2001 1995-A Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
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Beginning of the Month Principal Receivables: $3,512,448,473.12
Beginning of the Month Finance Charge Receivables: $ 174,535,982.97
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $3,686,984,456.09
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: $3,417,370,236.31
End of the Month Finance Charge Receivables: $ 174,608,577.11
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $3,591,978,813.42
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust II Series) $2,300,000,000.00
End of the Month Transferor Amount $1,117,370,236.31
End of the Month Transferor Percentage 32.70%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $ 83,634,689.18
60-89 Days Delinquent $ 62,753,085.90
90+ Days Delinquent $ 121,883,424.41
Total 30+ Days Delinquent $ 268,271,199.49
Delinquent Percentage 7.47%
Defaulted Accounts During the Month $ 22,890,721.14
Annualized Default Percentage 7.82%
Jan-2001 1995-A Page 2
Principal Collections $448,049,912.53
Principal Payment Rate 12.76%
Total Payment Rate 13.67%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $368,000,000.00
Class B Initial Invested Amount $ 32,000,000.00
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TOTAL INITIAL INVESTED AMOUNT $400,000,000.00
INVESTED AMOUNTS
Class A Invested Amount $368,000,000.00
Class B Invested Amount $ 32,000,000.00
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TOTAL INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 11.39%
PRINCIPAL ALLOCATION PERCENTAGE 11.39%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,606,810.75
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,325,720.12
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,325,720.12
Class A Monthly Interest $ 1,880,059.87
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,398,265.89
TOTAL CLASS A EXCESS SPREAD $ 1,587,394.36
REQUIRED AMOUNT $ 0.00
Jan-2001 1995-A Page 3
CLASS B AVAILABLE FUNDS
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CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $ 550,062.62
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 550,062.62
Class B Monthly Interest $ 166,416.80
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 343,645.82
EXCESS SPREAD
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TOTAL EXCESS SPREAD $1,931,040.18
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 $ 208,544.86
Excess Spread Applied to Class B Investor Charge Offs $ 0.00
Excess Spread Applied to Monthly Cash Collateral Fee $ 26,666.66
Excess Spread Applied to Cash Collateral Account $ 0.00
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed to
Cash Collateral Depositor $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $1,695,828.66
Jan-2001 1995-A Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
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TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $9,561,492.27
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS
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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 to
Cash Collateral Account $ 0.00
Excess Finance Charge Collections applied to
Reserve Account $ 0.00
Excess Finance Charge Collections applied to
other amounts owed Cash Collateral Depositor $ 0.00
YIELD AND BASE RATE
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Base Rate (Current Month) 8.14%
Base Rate (Prior Month) 8.97%
Base Rate (Two Months Ago) 8.88%
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THREE MONTH AVERAGE BASE RATE 8.66%
Portfolio Yield (Current Month) 12.81%
Portfolio Yield (Prior Month) 12.49%
Portfolio Yield (Two Months Ago) 12.43%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.57%
Jan-2001 1995-A Page 5
PRINCIPAL COLLECTIONS
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CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $46,942,287.97
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,081,938.08
TOTAL PRINCIPAL COLLECTIONS $51,024,226.05
INVESTOR DEFAULT AMOUNT $ 2,606,810.75
REALLOCATED PRINCIPAL COLLECTIONS $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES $ 0.00
CLASS A ACCUMULATION
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
CLASS B ACCUMULATION
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING $53,631,036.80
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
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Required Cash Collateral Amount $52,000,000.00
Available Cash Collateral Amount $52,000,000.00
Jan-2001 1995-A Page 6
INTEREST RATE CAP PAYMENTS
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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