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: $ 2,775,718,774.20
Beginning of the Month Finance Charge Receivables: $ 131,434,056.52
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,907,152,830.72
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 266,530,152.83
Additional Finance Charge Receivables: $ 1,516,650.47
Additional Total Receivables: $ 268,046,803.30
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,970,295,835.51
End of the Month Finance Charge Receivables: $ 125,373,372.08
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,095,669,207.59
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 640,295,835.51
End of the Month Transferor Percentage 21.56%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 66,763,348.72
60-89 Days Delinquent $ 45,265,862.71
90+ Days Delinquent $ 100,255,491.32
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Total 30+ Days Delinquent $ 212,284,702.75
Delinquent Percentage 6.86%
Defaulted Accounts During the Month $ 21,296,810.22
Annualized Default Percentage 9.21%
Principal Collections 446,667,733.06
Principal Payment Rate 16.09%
Total Payment Rate 17.13%
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 13.70%
PRINCIPAL ALLOCATION PERCENTAGE 13.70%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,918,387.09
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,954,810.08
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,954,810.08
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Class A Monthly Interest $ 1,609,233.33
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,684,916.12
TOTAL CLASS A EXCESS SPREAD $ 2,200,660.63
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 604,766.10
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 604,766.10
Class B Monthly Interest $ 143,266.67
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 421,499.43
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,622,160.06
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor Charge Offs $ 0.00
Excess Spread Applied to Class B Interest, Servicing
Fee and Default Amount $ 233,470.97
Excess Spread Applied to Reductions of Class B
Invested Amount $ 0.00
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Excess Spread Applied to Monthly Cash Collateral Fee $ 28,000.00
Excess Spread Applied to Cash Collateral Account $ 0.00
Excess Spread Applied to other amounts owed Cash
Collateral Depositor $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I $ 2,360,689.09
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN
GROUP I $ 9,072,177.56
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1995-C $ 0.00
Excess Finance Charge Collections Applied to 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
Interest, Servicing Fee and Default Amounts $ 0.00
Excess Finance Charge Collections Applied to
Reductions of Class B Invested Amount $ 0.00
Excess Finance Charge Collections Applied to Monthly
Cash Collateral Fee $ 0.00
Excess Finance Charge Collections Applied to Cash
Collateral Account $ 0.00
Excess Finance Charge Collections Applied to other
amounts owed Cash Collateral Depositor $ 0.00
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YIELD AND BASE RATE --
Base Rate (Current Month) 6.76%
Base Rate (Prior Month) 7.17%
Base Rate (Two Months Ago) 7.20%
THREE MONTH AVERAGE BASE RATE 7.04%
Portfolio Yield (Current Month) 13.92%
Portfolio Yield (Prior Month) 11.48%
Portfolio Yield (Two Months Ago) 11.42%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.27%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 56,603,642.66
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,922,055.90
TOTAL PRINCIPAL COLLECTIONS $ 61,525,698.56
REALLOCATED PRINCIPAL COLLECTIONS $
$ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES $ 0.00
CLASS A SCHEDULED AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
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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 SHARING $ 61,525,698.56
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 H. Klein
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Tracie H. Klein
First Vice President