EXHIBIT 99.2
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: $ 2,818,233,901.50
Beginning of the Month Finance Charge Receivables: $ 131,792,745.26
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,950,026,646.76
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: $ 2,673,458,907.69
End of the Month Finance Charge Receivables: $ 131,033,039.35
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,804,491,947.04
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 343,458,907.69
End of the Month Transferor Percentage 12.85%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 65,586,199.17
60-89 Days Delinquent $ 45,392,400.07
90+ Days Delinquent $ 93,861,474.82
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Total 30+ Days Delinquent $ 204,840,074.06
Delinquent Percentage 7.30%
Defaulted Accounts During the Month $ 21,605,112.55
Annualized Default Percentage 9.20%
Principal Collections 372,145,006.93
Principal Payment Rate 13.20%
Total Payment Rate 14.17%
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 14.19%
PRINCIPAL ALLOCATION PERCENTAGE 14.19%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,065,765.47
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,459,385.81
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,459,385.81
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Class A Monthly Interest $ 1,431,233.88
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 2,820,504.23
TOTAL CLASS A EXCESS SPREAD $ 1,594,314.37
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 561,685.73
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 561,685.73
Class B Monthly Interest $ 127,095.12
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 381,257.28
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,975,571.65
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 $ 245,261.24
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 25,200.00
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 $ 1,705,110.41
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 9,736,341.72
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
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) 7.19%
Base Rate (Prior Month) 7.26%
Base Rate (Two Months Ago)
THREE MONTH AVERAGE BASE RATE 7.41%
Portfolio Yield (Current Month) 11.87%
Portfolio Yield (Prior Month) 13.42%
Portfolio Yield (Two Months Ago) 15.48%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.59%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 48,582,786.37
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,224,590.12
TOTAL PRINCIPAL COLLECTIONS $ 52,807,376.49
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
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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 $ 52,807,376.49
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
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: Tracie H. Klein
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Tracie H. Klein
Vice President