EXHIBIT 99.2
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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: $ 2,544,458,822.22
Beginning of the Month Finance Charge Receivables: $ 105,714,799.59
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,650,173,621.81
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 81,316,193.94
Additional Finance Charge Receivables: $ 471,294.80
Additional Total Receivables: $ 81,787,488.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,560,653,543.40
End of the Month Finance Charge Receivables: $ 109,535,727.38
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,670,189,270.78
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,282,000,000.00
End of the Month Transferor Amount $ 278,653,543.40
End of the Month Transferor Percentage 10.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 61,115,871.44
60-89 Days Delinquent $ 38,461,458.83
90+ Days Delinquent $ 67,924,943.16
Total 30+ Days Delinquent $ 167,502,273.43
Delinquent Percentage 6.27%
Defaulted Accounts During the Month $ 20,142,905.44
Annualized Default Percentage 9.50%
Principal Collections 311,449,885.43
Principal Payment Rate 12.24%
Total Payment Rate 13.38%
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INVESTED AMOUNTS
Class A Initial Invested Amount $ 368,000,000.00
Class B Initial Invested Amount $ 32,000,000.00
INITIAL INVESTED AMOUNT $ 400,000,000.00
Class A Invested Amount $ 368,000,000.00
Class B Invested Amount $ 32,000,000.00
INVESTED AMOUNT $ 400,000,000.00
FLOATING ALLOCATION PERCENTAGE 15.69%
PRINCIPAL ALLOCATION PERCENTAGE 15.69%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,160,421.86
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,690,231.28
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,690,231.28
Class A Monthly Interest $ 1,790,884.27
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 2,907,588.11
TOTAL CLASS A EXCESS SPREAD $ 1,378,425.57
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 581,759.22
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 581,759.22
Class B Monthly Interest $ 158,662.40
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 369,763.49
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,748,189.06
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 252,833.75
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 25,333.33
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 1,470,021.98
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,218,235.28
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-A
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
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Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
YIELD AND BASE RATE --
Base Rate (Current Month) 7.85%
Base Rate (Prior Month) 7.90%
Base Rate (Two Months Ago) 7.92%
THREE MONTH AVERAGE BASE RATE 7.89%
Portfolio Yield (Current Month) 12.33%
Portfolio Yield (Prior Month) 12.75%
Portfolio Yield (Two Months Ago) 13.21%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.76%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 44,949,910.75
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,908,687.90
TOTAL PRINCIPAL COLLECTIONS $ 48,858,598.65
REALLOCATED PRINCIPAL COLLECTIONS $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 48,858,598.65
SHARING
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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
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Paymets $ 0.00
Class B Interest Rate Cap Paymets $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ TRACIE KLEIN
----------------------------
Tracie H. Klein
Vice President