EXHIBIT 99.9
Oct-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
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Beginning of the Month Principal Receivables: $2,846,311,830.52
Beginning of the Month Finance Charge Receivables: $159,595,970.84
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $3,005,907,801.36
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: $2,777,933,706.23
End of the Month Finance Charge Receivables: $150,634,794.59
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $2,928,568,500.82
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 $846,933,706.23
End of the Month Transferor Percentage 30.49%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $72,815,795.56
60-89 Days Delinquent $47,530,786.27
90+ Days Delinquent $85,701,109.08
Total 30+ Days Delinquent $206,047,690.91
Delinquent Percentage 7.04%
Defaulted Accounts During the Month $21,585,338.91
Annualized Default Percentage 9.10%
Oct-2001 1996-C Page 2
Principal Collections $360,466,089.82
Principal Payment Rate 12.66%
Total Payment Rate 13.59%
INVESTED AMOUNTS
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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
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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 10.54%
PRINCIPAL ALLOCATION PERCENTAGE 10.54%
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 $37,992,965.44
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1996-C $5,072,339.51
MONTHLY SERVICING FEE $375,000.00
INVESTOR DEFAULT AMOUNT $2,275,085.11
Oct-2001 1996-C Page 3
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $4,466,818.38
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $4,466,818.38
Class A Monthly Interest $564,535.83
Class A Servicing Fee $307,500.00
Class A Investor Default Amount $1,865,569.79
TOTAL CLASS A EXCESS SPREAD $1,729,212.76
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS
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CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $463,023.87
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $463,023.87
Class B Monthly Interest $63,679.17
Class B Servicing Fee $31,875.00
TOTAL CLASS B EXCESS SPREAD $367,469.70
CLASS B INVESTOR DEFAULT AMOUNT $193,382.24
CLASS B REQUIRED AMOUNT $193,382.24
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
CLASS C MONTHLY SERVICING FEE $35,625.00
Oct-2001 1996-C Page 4
EXCESS SPREAD
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TOTAL EXCESS SPREAD $2,578,554.72
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 $193,382.24
Excess Spread Applied to Reductions of Class B
Invested Amount $0.00
Excess Spread Applied to Class C Required Amount $301,415.37
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 $2,021,257.11
Oct-2001 1996-C Page 5
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $13,127,273.54
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
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Base Rate (Current Month) 4.76%
Base Rate (Prior Month) 5.72%
Base Rate (Two Months Ago) 5.88%
----
THREE MONTH AVERAGE BASE RATE 5.45%
Portfolio Yield (Current Month) 12.69%
Portfolio Yield (Prior Month) 10.45%
Portfolio Yield (Two Months Ago) 12.94%
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THREE MONTH AVERAGE PORTFOLIO YIELD 12.03%
Oct-2001 1996-C Page 6
PRINCIPAL COLLECTIONS
- ---------------------
TOTAL PRINCIPAL COLLECTIONS $37,992,965.44
INVESTOR DEFAULT AMOUNT $2,275,085.11
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 $40,268,050.55
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 $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