EXHIBIT 99.5
Aug-2001 1995-C Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
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: $3,024,287,762.59
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 1995-C Page 2
Principal Collections $412,124,916.10
Principal Payment Rate 13.63%
Total Payment Rate 14.49%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $322,000,000.00
Class B Initial Invested Amount $28,000,000.00
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TOTAL INITIAL INVESTED AMOUNT $350,000,000.00
INVESTED AMOUNTS
Class A Invested Amount $368,000,000.00
Class B Invested Amount $32,000,000.00
------------------
TOTAL INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 13.23%
PRINCIPAL ALLOCATION PERCENTAGE 13.23%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $2,614,539.91
CLASS A AVAILABLE FUNDS
-----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $6,372,124.89
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,372,124.89
Class A Monthly Interest $1,315,600.00
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,405,376.72
TOTAL CLASS A EXCESS SPREAD $2,191,148.17
REQUIRED AMOUNT $0.00
Aug-2001 1995-C Page 3
CLASS B AVAILABLE FUNDS
-----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $554,097.79
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $554,097.79
Class B Monthly Interest $118,066.67
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $396,031.12
EXCESS SPREAD
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TOTAL EXCESS SPREAD $2,587,179.29
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 Interest,
Servicing Fee, and Default Amount $209,163.19
Excess Spread Applied to Class B Reductions of Class
B Investe $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $29,333.34
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 $163.35
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $2,348,519.41
Aug-2001 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
--------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $13,912,378.32
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS
-----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1995-C $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 Interest, Servicing Fee, and Default Items $0.00
Excess Finance Charge Collections applied to Reductions of
Class B Invested Amount $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
-------------------
Base Rate (Current Month) 5.91%
Base Rate (Prior Month) 6.10%
Base Rate (Two Months Ago) 6.25%
--------
THREE MONTH AVERAGE BASE RATE 6.09%
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 1995-C Page 5
PRINCIPAL COLLECTIONS
---------------------
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $50,147,995.49
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $4,360,695.29
TOTAL PRINCIPAL COLLECTIONS $54,508,690.78
INVESTOR DEFAULT AMOUNT $2,614,539.91
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 $57,123,230.69
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
Aug-2001 1995-C Page 6
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