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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: $ 2,927,221,831.62
Beginning of the Month Finance Charge Receivables: $ 123,281,208.34
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 3,050,503,039.96
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: $ 2,871,115,274.03
End of the Month Finance Charge Receivables: $ 129,251,987.60
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,000,367,261.63
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 571,115,274.03
End of the Month Transferor Percentage 19.89%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 71,846,992.37
60-89 Days Delinquent $ 49,157,442.77
90+ Days Delinquent $ 101,797,572.61
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Total 30+ Days Delinquent $ 222,802,007.75
Delinquent Percentage 7.43%
Defaulted Accounts During the Month $ 18,918,546.75
Annualized Default Percentage 7.76%
Principal Collections 412,466,689.84
Principal Payment Rate 14.09%
Total Payment Rate 14.94%
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 13.66%
PRINCIPAL ALLOCATION PERCENTAGE 13.66%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,585,181.58
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 5,886,056.13
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 5,886,056.13
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Class A Monthly Interest $ 1,726,533.33
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,378,367.05
TOTAL CLASS A EXCESS SPREAD $ 1,321,155.75
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 511,830.96
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 511,830.96
Class B Monthly Interest $ 153,066.67
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 318,764.29
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,639,920.04
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 $ 206,814.53
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 27,702.32
Collateral Fee
Excess Spread Applied to Cash Collateral $ 1,405,403.19
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
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 $ 0.00
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) 7.64%
Base Rate (Prior Month) 7.53%
Base Rate (Two Months Ago) 7.44%
THREE MONTH AVERAGE BASE RATE 7.54%
Portfolio Yield (Current Month) 11.44%
Portfolio Yield (Prior Month) 12.90%
Portfolio Yield (Two Months Ago) 9.95%
THREE MONTH AVERAGE PORTFOLIO YIELD 11.43%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 51,853,728.40
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,509,019.87
TOTAL PRINCIPAL COLLECTIONS $ 56,362,748.27
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 $ 56,362,748.27
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 Payments $ 0.00
Class B Interest Rate Cap Payments $ 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