Exhibit 99.11
Feb-2001 1998-A Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1998-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
- -----------
Beginning of the Month Principal Receivables: $3,417,370,236.31
Beginning of the Month Finance Charge Receivables: $174,608,577.11
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $3,591,978,813.42
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: $3,359,800,772.00
End of the Month Finance Charge Receivables: $176,434,172.53
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $3,536,234,944.53
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 $1,059,800,772.00
End of the Month Transferor Percentage 31.54%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $80,435,470.14
60-89 Days Delinquent $61,160,988.34
90+ Days Delinquent $121,901,390.32
Total 30+ Days Delinquent $263,497,848.80
Delinquent Percentage 7.45%
Defaulted Accounts During the Month $26,064,253.73
Annualized Default Percentage 9.15%
Feb-2001 1998-A Page 2
Principal Collections $381,896,977.48
Principal Payment Rate 11.18%
Total Payment Rate 12.02%
INVESTED AMOUNTS
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Class A Initial Invested Amount $370,500,000.00
Class B Initial Invested Amount $57,000,000.00
Class C Initial Invested Amount $47,500,000.00
---------------
INITIAL INVESTED AMOUNT $475,000,000.00
Class A Invested Amount $468,000,000.00
Class B Invested Amount $72,000,000.00
Class C Invested Amount $60,000,000.00
---------------
INVESTED AMOUNT $600,000,000.00
Class A Adjusted Invested Amount $468,000,000.00
Class B Adjusted Invested Amount $72,000,000.00
Class C Adjusted Invested Amount $60,000,000.00
---------------
ADJUSTED INVESTED AMOUNT $600,000,000.00
PREFUNDED AMOUNT $0.00
FLOATING ALLOCATION PERCENTAGE 17.56%
PRINCIPAL ALLOCATION PERCENTAGE 17.56%
Class A Principal Allocation Percentage 78.00%
Class B Principal Allocation Percentage 12.00%
Class C Principal Allocation Percentage 10.00%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED
TO SERIES 1998-A $67,051,027.73
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1998-A $8,797,755.64
MONTHLY SERVICING FEE $750,000.00
INVESTOR DEFAULT AMOUNT $4,576,194.90
Feb-2001 1998-A Page 3
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $7,447,249.40
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $7,447,249.40
Class A Monthly Interest $2,081,625.00
Class A Servicing Fee $585,000.00
Class A Investor Default Amount $3,569,432.02
TOTAL CLASS A EXCESS SPREAD $1,211,192.38
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS
- -----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $1,145,730.68
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $1,145,730.68
Class B Monthly Interest $334,250.00
Class B Servicing Fee $90,000.00
TOTAL CLASS B EXCESS SPREAD $721,480.68
CLASS B INVESTOR DEFAULT AMOUNT $549,143.39
CLASS B REQUIRED AMOUNT $549,143.39
CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE $75,000.00
Feb-2001 1998-A Page 4
EXCESS SPREAD
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TOTAL EXCESS SPREAD $2,812,448.62
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 $549,143.39
Excess Spread Applied to Reductions of Class B
Invested Amount $0.00
Excess Spread Applied to Class C Required Amount $764,161.16
Excess Spread Applied to Reductions of Class C
Invested Amount $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $125,000.00
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Spread Account $1,374,144.07
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to other amounts owed to
Cash Collateral Depositor $0.00
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
Feb-2001 1998-A Page 5
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $0.00
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS
- -----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1998-A $0.00
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
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
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Base Rate (Current Month) 7.83%
Base Rate (Prior Month) 8.15%
Base Rate (Two Months Ago) 8.98%
----
THREE MONTH AVERAGE BASE RATE 8.32%
Portfolio Yield (Current Month) 9.94%
Portfolio Yield (Prior Month) 12.81%
Portfolio Yield (Two Months Ago) 12.49%
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THREE MONTH AVERAGE PORTFOLIO YIELD 11.75%
Feb-2001 1998-A Page 6
PRINCIPAL COLLECTIONS
- ---------------------
TOTAL PRINCIPAL COLLECTIONS $67,051,027.73
INVESTOR DEFAULT AMOUNT $4,576,194.90
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $0.00
Allocable to Class B Certficates $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES $0.00
CLASS A SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
CLASS B SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING $71,627,222.63
INVESTOR CHARGE OFFS
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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 REDUCTIONS REIMBURSED $0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED $0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount $18,000,000.00
Available Cash Collateral Amount $18,000,000.00
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