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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: $ 2,604,843,793.93
Beginning of the Month Finance Charge Receivables: $ 122,723,791.84
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,727,567,585.77
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 300,008,585.07
Additional Finance Charge Receivables: $ 1,190,029.67
Additional Total Receivables: $ 301,198,614.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,820,943,156.54
End of the Month Finance Charge Receivables: $ 125,840,699.72
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,946,783,856.26
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 490,943,156.54
End of the Month Transferor Percentage 17.40%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 67,440,045.93
60-89 Days Delinquent $ 45,311,276.08
90+ Days Delinquent $ 93,778,222.51
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Total 30+ Days Delinquent $ 206,529,544.52
Delinquent Percentage 7.01%
Defaulted Accounts During the Month $ 22,526,871.40
Annualized Default Percentage 10.38%
Principal Collections 355,565,739.19
Principal Payment Rate 13.65%
Total Payment Rate 14.66%
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 15.32%
PRINCIPAL ALLOCATION PERCENTAGE 15.32%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,451,116.70
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,677,086.14
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,677,086.14
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Class A Monthly Interest $ 1,693,208.89
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 3,175,027.36
TOTAL CLASS A EXCESS SPREAD $ 1,195,516.56
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 580,616.20
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 580,616.20
Class B Monthly Interest $ 150,364.44
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 376,918.43
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,572,434.99
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 $ 276,089.34
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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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 $ 1,266,478.98
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 4,819,492.83
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) 7.20%
Base Rate (Two Months Ago) 7.19%
THREE MONTH AVERAGE BASE RATE 7.19%
Portfolio Yield (Current Month) 11.42%
Portfolio Yield (Prior Month) 14.43%
Portfolio Yield (Two Months Ago) 11.87%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.57%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 50,043,591.15
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,351,616.63
TOTAL PRINCIPAL COLLECTIONS $ 54,395,207.78
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 $ 54,395,207.78
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: /s/ TRACIE H. KLEIN
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Tracie H. Klein
First Vice President