EXHIBIT 99.6
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MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-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 $ 369,000,000.00
Class B Initial Invested Amount $ 38,250,000.00
Class C Initial Invested Amount $ 42,750,000.00
INITIAL INVESTED AMOUNT $ 450,000,000.00
Class A Invested Amount $ 369,000,000.00
Class B Invested Amount $ 38,250,000.00
Class C Invested Amount $ 42,750,000.00
INVESTED AMOUNT $ 450,000,000.00
FLOATING ALLOCATION PERCENTAGE 16.15%
PRINCIPAL ALLOCATION PERCENTAGE 16.15%
MONTHLY SERVICING FEE $ 750,000.00
INVESTOR DEFAULT AMOUNT $ 2,202,862.15
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 6,565,019.04
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,565,019.04
Class A Monthly Interest $ 1,806,558.09
Class A Servicing Fee $ 615,000.00
Class A Investor Default Amount $ 1,806,346.96
TOTAL CLASS A EXCESS SPREAD $ 2,337,113.99
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 680,520.25
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 680,520.25
Class B Monthly Interest $ 194,676.11
Class B Servicing Fee $ 63,750.00
TOTAL CLASS B EXCESS SPREAD $ 422,094.14
CLASS B INVESTOR DEFAULT AMOUNT 187,243.28
CLASS B REQUIRED AMOUNT 187,243.28
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 3,448,539.60
Excess Spread Applied to Class A Required Amount $ 0.00
Excess Spread Applied to Class A Investor
Charge Offs $ 0.00
Excess Spread Applied to Class B
Required Amount $ 187,243.28
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 449,858.89
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 93,750.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to Spread Account $ 0.00
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
Excess Spread Applied to other amounts owed to
Spread Account Residual Interest Holders $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 2,717,687.42
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 14,186,721.33
SERIES 1996-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1996-A
Excess Finance Charge Collections Applied to
Class A 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 Required Amount $ 0.00
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Excess Finance Charge Collections Applied to
Reductions of Class B Invested Amount $ 0.00
Excess Finance Charge Collections Applied to
Class C Required Amount $ 0.00
Excess Finance Charge Collections Applied to
Reductions of Class C Invested Amount $ 0.00
Excess Finance Charge Collections Applied to
Monthly Cash Collateral Fee $ 0.00
Excess Finance Charge Collections Applied to
other amounts owed Cash Collateral Depositor $ 0.00
Excess Finance Charge Collections Applied to
other amounts owed to Spread Account Residual Interest
Holders $ 0.00
YIELD AND BASE RATE --
Base Rate (Current Month) 7.79%
Base Rate (Prior Month) 7.53%
Base Rate (Two Months Ago) 7.66%
THREE MONTH AVERAGE BASE RATE 7.66%
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 --
TOTAL PRINCIPAL COLLECTIONS $ 61,244,738.69
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $ 0.00
Allocable to Class B Certificates $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A SCHEDULED AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED AMORTIZATION --
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Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 61,244,738.69
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
CLASS C INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS C CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 13,500,000.00
Available Cash Collateral Amount $ 13,500,000.00
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