EXHIBIT 99.6
Page 1
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: $ 2,673,458,907.69
Beginning of the Month Finance Charge Receivables: $ 131,033,039.35
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,804,491,947.04
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 47,647,525.13
Additional Finance Charge Receivables: $ 832,096.18
Additional Total Receivables: $ 48,479,621.31
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,604,843,793.93
End of the Month Finance Charge Receivables: $ 122,723,791.84
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,727,567,585.77
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 274,843,793.93
End of the Month Transferor Percentage 10.55%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 67,807,866.49
60-89 Days Delinquent $ 44,718,045.02
90+ Days Delinquent $ 96,005,313.63
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Total 30+ Days Delinquent $ 208,531,225.14
Delinquent Percentage 7.65%
Defaulted Accounts During the Month $ 20,557,139.80
Annualized Default Percentage 9.23%
Principal Collections 397,629,148.50
Principal Payment Rate 14.87%
Total Payment Rate 15.94%
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 16.88%
PRINCIPAL ALLOCATION PERCENTAGE 16.88%
MONTHLY SERVICING FEE $ 750,000.00
INVESTOR DEFAULT AMOUNT $ 3,470,045.20
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 7,284,319.98
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 7,284,319.98
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Class A Monthly Interest $ 1,616,950.31
Class A Servicing Fee $ 615,000.00
Class A Investor Default Amount $ 2,845,437.06
TOTAL CLASS A EXCESS SPREAD $ 2,206,932.61
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 755,081.93
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 755,081.93
Class B Monthly Interest $ 175,021.64
Class B Servicing Fee $ 63,750.00
TOTAL CLASS B EXCESS SPREAD $ 516,310.29
CLASS B INVESTOR DEFAULT AMOUNT 294,953.84
CLASS B REQUIRED AMOUNT 294,953.84
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 3,495,908.03
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 $ 294,953.84
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
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Excess Spread Applied to Class C Required Amount $ 548,274.52
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 $ 2,558,929.66
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 13,365,516.35
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) 7.19%
Base Rate (Prior Month) 7.19%
Base Rate (Two Months Ago) 7.25%
THREE MONTH AVERAGE BASE RATE 7.21%
Portfolio Yield (Current Month) 14.44%
Portfolio Yield (Prior Month) 11.87%
Portfolio Yield (Two Months Ago) 13.42%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.24%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 67,112,442.76
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
Page 6
CLASS A SCHEDULED AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
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 $ 67,112,442.76
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
Page 7
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ Tracie Klein
----------------------------
Tracie H. Klein
First Vice President