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: $ 2,736,622,992.93
Beginning of the Month Finance Charge Receivables: $ 120,178,951.69
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,856,801,944.62
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 91,263,231.34
Additional Finance Charge Receivables: $ 5,060,336.26
Additional Total Receivables: $ 96,323,567.60
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,916,469,244.68
End of the Month Finance Charge Receivables: $ 128,527,739.51
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,044,996,984.19
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 586,469,244.68
End of the Month Transferor Percentage 20.11%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 63,781,837.88
60-89 Days Delinquent $ 44,564,477.83
90+ Days Delinquent $ 86,639,442.39
Total 30+ Days Delinquent $ 194,985,758.10
Delinquent Percentage 6.40%
Defaulted Accounts During the Month $ 13,640,013.34
Annualized Default Percentage 5.98%
Principal Collections 378,417,759.21
Principal Payment Rate 13.83%
Total Payment Rate 14.86%
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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 14.36%
PRINCIPAL ALLOCATION PERCENTAGE 14.36%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 1,958,705.92
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,548,734.26
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,548,734.26
Class A Monthly Interest $ 1,833,351.16
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 1,802,009.45
TOTAL CLASS A EXCESS SPREAD $ 2,300,040.32
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 569,455.14
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 569,455.14
Class B Monthly Interest $ 162,452.95
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 353,668.86
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,653,709.18
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 $ 156,696.47
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 27,555.56
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 $ 2,469,457.15
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 14,186,721.33
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) 7.79%
Base Rate (Prior Month) 7.54%
Base Rate (Two Months Ago) 7.67%
THREE MONTH AVERAGE BASE RATE 7.67%
Portfolio Yield (Current Month) 15.48%
Portfolio Yield (Prior Month) 13.64%
Portfolio Yield (Two Months Ago) 18.23%
THREE MONTH AVERAGE PORTFOLIO YIELD 15.78%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 50,096,931.81
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,356,254.94
TOTAL PRINCIPAL COLLECTIONS $ 54,453,186.75
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 $ 54,453,186.75
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