EXHIBIT 99.9
Aug-2001 1996-C Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
-----------
Beginning of the Month Principal Receivables: $3,024,287,762.59
Beginning of the Month Finance Charge Receivables: $158,594,189.53
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $3,182,881,952.12
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: $2,930,612,861.53
End of the Month Finance Charge Receivables: $154,076,978.70
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $3,084,689,840.23
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 $630,612,861.53
End of the Month Transferor Percentage 21.52%
DELINQUENCIES AND LOSSES
------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $66,640,604.20
60-89 Days Delinquent $47,833,811.32
90+ Days Delinquent $90,824,824.31
Total 30+ Days Delinquent $205,299,239.83
Delinquent Percentage 6.66%
Defaulted Accounts During the Month $19,767,802.61
Annualized Default Percentage 7.84%
Aug-2001 1996-C Page 2
Principal Collections $412,124,916.10
Principal Payment Rate 13.63%
Total Payment Rate 14.49%
INVESTED AMOUNTS
----------------
Class A Initial Invested Amount $184,500,000.00
Class B Initial Invested Amount $19,125,000.00
Class C Initial Invested Amount $21,375,000.00
-----------------
INITIAL INVESTED AMOUNT $225,000,000.00
Class A Invested Amount $246,000,000.00
Class B Invested Amount $25,500,000.00
Class C Invested Amount $28,500,000.00
-----------------
INVESTED AMOUNT $300,000,000.00
Class A Adjusted Invested Amount $246,000,000.00
Class B Adjusted Invested Amount $25,500,000.00
Class C Adjusted Invested Amount $28,500,000.00
-----------------
ADJUSTED INVESTED AMOUNT $300,000,000.00
PREFUNDED AMOUNT $0.00
FLOATING ALLOCATION PERCENTAGE 9.92%
PRINCIPAL ALLOCATION PERCENTAGE 9.92%
Class A Principal Allocation Percentage 82.00%
Class B Principal Allocation Percentage 8.50%
Class C Principal Allocation Percentage 9.50%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED
TO SERIES 1996-C $40,881,518.12
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1996-C $4,819,667.01
MONTHLY SERVICING FEE $375,000.00
INVESTOR DEFAULT AMOUNT $1,960,904.93
Aug-2001 1996-C Page 3
CLASS A AVAILABLE FUNDS
-----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $4,259,626.97
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $4,259,626.97
Class A Monthly Interest $852,390.00
Class A Servicing Fee $307,500.00
Class A Investor Default Amount $1,607,942.04
TOTAL CLASS A EXCESS SPREAD $1,491,794.93
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS
-----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $441,546.71
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $441,546.71
Class B Monthly Interest $93,850.62
Class B Servicing Fee $31,875.00
TOTAL CLASS B EXCESS SPREAD $315,821.09
CLASS B INVESTOR DEFAULT AMOUNT $166,676.92
CLASS B REQUIRED AMOUNT $166,676.92
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
CLASS C MONTHLY SERVICING FEE $35,625.00
Aug-2001 1996-C Page 4
EXCESS SPREAD
-------------
TOTAL EXCESS SPREAD $2,265,484.35
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 $166,676.92
Excess Spread Applied to Reductions of Class B
Invested Amount $0.00
Excess Spread Applied to Class C Required Amount $306,199.72
Excess Spread Applied to Reductions of Class C
Invested Amount $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $62,500.00
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Spread Account $0.00
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 $1,730,107.71
Aug-2001 1996-C Page 5
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
--------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $13,912,378.32
SERIES 1996-C EXCESS FINANCE CHARGE COLLECTIONS
-----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1996-C $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
-------------------
Base Rate (Current Month) 5.88%
Base Rate (Prior Month) 6.07%
Base Rate (Two Months Ago) 6.22%
--------
THREE MONTH AVERAGE BASE RATE 6.05%
Portfolio Yield (Current Month) 12.94%
Portfolio Yield (Prior Month) 11.18%
Portfolio Yield (Two Months Ago) 10.13%
--------
THREE MONTH AVERAGE PORTFOLIO YIELD 11.42%
Aug-2001 1996-C Page 6
PRINCIPAL COLLECTIONS
---------------------
TOTAL PRINCIPAL COLLECTIONS $40,881,518.12
INVESTOR DEFAULT AMOUNT $1,960,904.93
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 $42,842,423.05
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 REDUCTIONS REIMBURSED $0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED $0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount $9,000,000.00
Available Cash Collateral Amount $9,000,000.00
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