Mar-2002 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: $2,668,455,029.71
Beginning of the Month Finance Charge Receivables: $ 148,493,762.13
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $2,816,948,791.84
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: $2,606,203,699.74
End of the Month Finance Charge Receivables: $ 137,951,283.81
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $2,744,154,983.55
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust II Series) $1,850,000,000.00
End of the Month Transferor Amount $ 756,203,699.74
End of the Month Transferor Percentage 29.02%
DELINQUENCIES AND LOSSES
- ------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $ 64,466,687.15
60-89 Days Delinquent $ 43,292,727.91
90+ Days Delinquent $ 88,922,141.59
Total 30+ Days Delinquent $ 196,681,556.65
Delinquent Percentage 7.17%
Defaulted Accounts During the Month $ 19,508,763.94
Annualized Default Percentage 8.77%
Mar-2002 1995-C Page 2
Principal Collections $331,496,950.79
Principal Payment Rate 12.42%
Total Payment Rate 13.44%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $322,000,000.00
Class B Initial Invested Amount $ 28,000,000.00
------------------
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 14.99%
PRINCIPAL ALLOCATION PERCENTAGE 14.99%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,924,353.42
CLASS A AVAILABLE FUNDS
- -----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,969,938.82
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,969,938.82
Class A Monthly Interest $ 684,480.00
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,690,405.14
TOTAL CLASS A EXCESS SPREAD $ 3,135,053.68
REQUIRED AMOUNT $ 0.00
Mar-2002 1995-C Page 3
CLASS B AVAILABLE FUNDS
- -----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $ 606,081.64
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 606,081.64
Class B Monthly Interest $ 62,964.44
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 503,117.20
EXCESS SPREAD
- -------------
TOTAL EXCESS SPREAD $3,638,170.88
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 $ 233,948.28
Excess Spread Applied to Class B Reductions of Class B
Investe $ 0.00
Excess Spread Applied to Monthly Cash Collateral Fee $ 28,933.33
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 $ 175.14
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $3,375,114.13
Mar-2002 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $15,504,466.54
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
- -------------------
Base Rate (Current Month) 4.17%
Base Rate (Prior Month) 4.12%
Base Rate (Two Months Ago) 4.09%
----------
THREE MONTH AVERAGE BASE RATE 4.13%
Portfolio Yield (Current Month) 13.96%
Portfolio Yield (Prior Month) 10.80%
Portfolio Yield (Two Months Ago) 12.81%
----------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.52%
Mar-2002 1995-C Page 5
PRINCIPAL COLLECTIONS
- ---------------------
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $45,715,920.48
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,975,297.42
TOTAL PRINCIPAL COLLECTIONS $49,691,217.90
INVESTOR DEFAULT AMOUNT $ 2,924,353.42
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 $52,615,571.32
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
Mar-2002 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 H. Klein
----------------------------
Tracie H. Klein
First Vice President