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: $ 2,775,718,774.20
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 $ 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 15.42%
PRINCIPAL ALLOCATION PERCENTAGE 15.42%
MONTHLY SERVICING FEE $ 562,500.00
INVESTOR DEFAULT AMOUNT $ 3,283,201.45
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 6,973,720.05
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,973,720.05
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Class A Monthly Interest $ 1,579,781.25
Class A Servicing Fee $ 461,250.00
Class A Investor Default Amount $ 2,692,225.19
TOTAL CLASS A EXCESS SPREAD $ 2,240,463.61
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 722,885.62
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 722,885.62
Class B Monthly Interest $ 170,929.69
Class B Servicing Fee $ 47,812.50
TOTAL CLASS B EXCESS SPREAD $ 504,143.43
CLASS B INVESTOR DEFAULT AMOUNT 279,072.12
CLASS B REQUIRED AMOUNT 279,072.12
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 3,499,100.52
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 $ 279,072.12
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
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Excess Spread Applied to Class C Required Amount $ 525,208.83
Excess Spread Applied to Reductions of Class C
Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash Collateral Fee $ 93,750.00
Excess Spread Applied to Cash Collateral Account $ 0.00
Excess Spread Applied to Spread Account $ 2,601,069.57
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed Cash
Collateral Depositor $ 0.00
Excess Spread Applied to other amounts owed to
Spread Account Residual Interest Holders $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I $ 0.00
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN
GROUP I $ 9,072,177.56
SERIES 1996-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1996-A $ 0.00
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) 6.74%
Base Rate (Prior Month) 7.15%
Base Rate (Two Months Ago) 7.18%
THREE MONTH AVERAGE BASE RATE 7.02%
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 --
TOTAL PRINCIPAL COLLECTIONS $ 69,216,524.66
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $ 0.00
Allocable to Class B Certificates $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES $ 0.00
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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 SHARING $ 69,216,524.66
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 H. Klein
-------------------------
Tracie H. Klein
First Vice President