EXHIBIT 99.5
Oct-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: $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 1995-C Page 2
Principal Collections $360,466,089.82
Principal Payment Rate 12.66%
Total Payment Rate 13.59%
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
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TOTAL INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 14.05%
PRINCIPAL ALLOCATION PERCENTAGE 14.05%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $3,033,446.82
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $6,682,069.78
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,682,069.78
Class A Monthly Interest $882,535.56
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,790,771.07
TOTAL CLASS A EXCESS SPREAD $2,548,763.15
REQUIRED AMOUNT $0.00
Oct-2001 1995-C Page 3
CLASS B AVAILABLE FUNDS
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CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $581,049.55
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $581,049.55
Class B Monthly Interest $80,186.67
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $460,862.88
EXCESS SPREAD
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TOTAL EXCESS SPREAD $3,009,626.03
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 $242,675.75
Excess Spread Applied to Class B Reductions of Class B
Investe $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $27,555.56
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 $145.64
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $2,739,249.08
Oct-2001 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
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TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $13,127,273.54
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
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Base Rate (Current Month) 4.80%
Base Rate (Prior Month) 5.76%
Base Rate (Two Months Ago) 5.91%
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THREE MONTH AVERAGE BASE RATE 5.49%
Portfolio Yield (Current Month) 12.69%
Portfolio Yield (Prior Month) 10.45%
Portfolio Yield (Two Months Ago) 12.94%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.03%
Oct-2001 1995-C Page 5
PRINCIPAL COLLECTIONS
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CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $46,604,704.24
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $4,052,582.99
TOTAL PRINCIPAL COLLECTIONS $50,657,287.23
INVESTOR DEFAULT AMOUNT $3,033,446.82
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 $53,690,734.05
INVESTOR CHARGE OFFS
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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
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Required Cash Collateral Amount $52,000,000.00
Available Cash Collateral Amount $52,000,000.00
Oct-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
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Tracie H. Klein
First Vice President