EXHIBIT 99.4
Page 1
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: $ 2,916,469,244.68
Beginning of the Month Finance Charge Receivables: $ 128,527,739.51
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 3,044,996,984.19
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: $ 2,818,233,901.50
End of the Month Finance Charge Receivables: $ 131,792,745.26
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,950,026,646.76
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 488,233,901.50
End of the Month Transferor Percentage 17.32%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 62,210,563.18
60-89 Days Delinquent $ 43,733,358.98
90+ Days Delinquent $ 90,742,929.49
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Total 30+ Days Delinquent $ 196,686,851.65
Delinquent Percentage 6.67%
Defaulted Accounts During the Month $ 20,155,857.77
Annualized Default Percentage 8.29%
Principal Collections 395,811,223.16
Principal Payment Rate 13.57%
Total Payment Rate 14.61%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 322,000,000.00
Class B Initial Invested Amount $ 28,000,000.00
INITIAL INVESTED AMOUNT $ 350,000,000.00
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 13.72%
PRINCIPAL ALLOCATION PERCENTAGE 13.72%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 2,765,383.69
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,659,542.72
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,659,542.72
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Class A Monthly Interest $ 1,720,604.44
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 2,544,152.99
TOTAL CLASS A EXCESS SPREAD $ 1,781,451.96
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 579,090.67
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 579,090.67
Class B Monthly Interest $ 153,173.33
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 372,584.01
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,154,035.97
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 $ 221,230.70
Interest, Servicing Fee and Default
Amount
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
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Excess Spread Applied to Monthly Cash $ 29,866.67
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 $ 1,902,938.60
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 10,923,382.88
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-C
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 Interest, Servicing Fee and Default Amounts
Excess Finance Charge Collections Applied to $ 0.00
Reductions of Class B Invested Amount
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
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YIELD AND BASE RATE --
Base Rate (Current Month) 7.27%
Base Rate (Prior Month) 7.81%
Base Rate (Two Months Ago) 7.55%
THREE MONTH AVERAGE BASE RATE 7.54%
Portfolio Yield (Current Month) 13.42%
Portfolio Yield (Prior Month) 15.48%
Portfolio Yield (Two Months Ago) 13.64%
THREE MONTH AVERAGE PORTFOLIO YIELD 14.18%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 49,960,875.82
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,344,423.99
TOTAL PRINCIPAL COLLECTIONS $ 54,305,299.81
REALLOCATED PRINCIPAL COLLECTIONS $
$ 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
Page 6
CLASS B SCHEDULED AMORTIZATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 54,305,299.81
SHARING
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
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