Sep-2001 1995-C Page 1
Exhibit 99.5
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
-----------
Beginning of the Month Principal Receivables: $2,930,612,861.53
Beginning of the Month Finance Charge Receivables: $ 154,076,978.70
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $3,084,689,840.23
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: $2,846,311,830.52
End of the Month Finance Charge Receivables: $ 159,595,970.84
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $3,005,907,801.36
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust II Series) $1,931,000,000.00
End of the Month Transferor Amount $ 915,311,830.52
End of the Month Transferor Percentage 32.16%
DELINQUENCIES AND LOSSES
------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $ 68,610,185.84
60-89 Days Delinquent $ 48,242,481.56
90+ Days Delinquent $ 90,182,416.26
Total 30+ Days Delinquent $ 207,035,083.66
Delinquent Percentage 6.89%
Defaulted Accounts During the Month $ 19,915,707.60
Annualized Default Percentage 8.15%
Sep-2001 1995-C Page 2
Principal Collections $327,666,317.47
Principal Payment Rate 11.18%
Total Payment Rate 11.98%
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 13.65%
PRINCIPAL ALLOCATION PERCENTAGE 13.65%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,718,299.35
CLASS A AVAILABLE FUNDS
-----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $ 5,706,636.49
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 5,706,636.49
Class A Monthly Interest $ 1,072,617.78
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,500,835.40
TOTAL CLASS A EXCESS SPREAD $ 1,673,183.31
REQUIRED AMOUNT $ 0.00
Sep-2001 1995-C Page 3
CLASS B AVAILABLE FUNDS
-----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $ 496,229.28
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 496,229.28
Class B Monthly Interest $ 96,382.22
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 359,847.06
EXCESS SPREAD
-------------
TOTAL EXCESS SPREAD $2,033,030.37
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 $ 217,463.95
Excess Spread Applied to Class B Reductions of Class B
Investe $ 0.00
Excess Spread Applied to Monthly Cash Collateral Fee $ 24,888.88
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 $ 142.92
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $1,790,534.62
Sep-2001 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
--------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $10,098,610.30
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) 5.76%
Base Rate (Prior Month) 5.91%
Base Rate (Two Months Ago) 6.10%
------
THREE MONTH AVERAGE BASE RATE 5.92%
Portfolio Yield (Current Month) 10.45%
Portfolio Yield (Prior Month) 12.94%
Portfolio Yield (Two Months Ago) 11.18%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 11.52%
Sep-2001 1995-C Page 5
PRINCIPAL COLLECTIONS
---------------------
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $41,145,388.56
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,577,859.87
TOTAL PRINCIPAL COLLECTIONS $44,723,248.43
INVESTOR DEFAULT AMOUNT $ 2,718,299.35
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 $47,441,547.78
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
Sep-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