Dec-2001 1995-A Page 1
Exhibit 99.3
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CC MASTER CREDIT CARD TRUST II (Formerly Chevy
Chase Master Credit Card Trust II)
RECEIVABLES
- -----------
Beginning of the Month Principal Receivables: $2,756,407,831.91
Beginning of the Month Finance Charge Receivables: $148,987,926.09
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $2,905,395,758.00
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: $2,770,988,318.32
End of the Month Finance Charge Receivables: $148,890,576.71
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $2,919,878,895.03
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master Trust II Series) $1,892,750,000.00
End of the Month Transferor Amount $878,238,318.32
End of the Month Transferor Percentage 31.69%
DELINQUENCIES AND LOSSES
- ------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $72,414,343.09
60-89 Days Delinquent $52,408,176.18
90+ Days Delinquent $93,208,495.39
Total 30+ Days Delinquent $218,031,014.66
Delinquent Percentage 7.47%
Defaulted Accounts During the Month $19,296,502.32
Annualized Default Percentage 8.40%
Dec-2001 1995-A Page 2
Principal Collections $321,797,181.62
Principal Payment Rate 11.67%
Total Payment Rate 12.57%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $368,000,000.00
Class B Initial Invested Amount $32,000,000.00
-----------------
TOTAL INITIAL INVESTED AMOUNT $400,000,000.00
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 14.51%
PRINCIPAL ALLOCATION PERCENTAGE 14.51%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $2,800,239.08
CLASS A AVAILABLE FUNDS
- -----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $6,252,797.43
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,252,797.43
Class A Monthly Interest $636,060.09
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,576,219.95
TOTAL CLASS A EXCESS SPREAD $2,580,517.39
REQUIRED AMOUNT $0.00
Dec-2001 1995-A Page 3
CLASS B AVAILABLE FUNDS
- -----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $543,721.51
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $543,721.51
Class B Monthly Interest $58,145.13
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $445,576.38
EXCESS SPREAD
- -------------
TOTAL EXCESS SPREAD $3,026,093.77
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 Items $224,019.13
Excess Spread Applied to Class B Investor Charge Offs $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $27,066.67
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 $0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $2,775,007.97
Dec-2001 1995-A Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $12,971,293.74
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS
- -----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1995-A $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 Items $0.00
Excess Finance Charge Collections applied to
Class B Investor Charge Offs $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) 4.15%
Base Rate (Prior Month) 4.34%
Base Rate (Two Months Ago) 4.78%
---------
THREE MONTH AVERAGE BASE RATE 4.43%
Portfolio Yield (Current Month) 11.99%
Portfolio Yield (Prior Month) 12.87%
Portfolio Yield (Two Months Ago) 12.69%
---------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.52%
Dec-2001 1995-A Page 5
PRINCIPAL COLLECTIONS
---------------------
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $42,962,206.64
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $3,735,844.06
TOTAL PRINCIPAL COLLECTIONS $46,698,050.70
INVESTOR DEFAULT AMOUNT $2,800,239.08
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 $49,498,289.78
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
Dec-2001 1995-A 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 H. Klein
-----------------------------
Tracie H. Klein
First Vice President