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MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CHEVY CHASE MASTER CREDIT CARD TRUST II
RECEIVABLES
Beginning of the Month Principal Receivables: $ 1,976,537,252.73
Beginning of the Month Finance Charge Receivables: $ 71,531,661.77
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,048,068,914.50
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: $ 1,975,138,914.51
End of the Month Finance Charge Receivables: $ 73,145,204.12
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,048,284,118.63
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 1,820,000,000.00
End of the Month Transferor Amount $ 155,138,914.51
End of the Month Transferor Percentage 7.85%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 39,749,298.40
60-89 Days Delinquent $ 27,674,459.29
90+ Days Delinquent $ 54,597,151.02
Total 30+ Days Delinquent $ 122,020,908.71
Delinquent Percentage 5.96%
Defaulted Accounts During the Month $ 20,071,876.67
Annualized Default Percentage 12.19%
Principal Collections 200,552,624.29
Principal Payment Rate 10.15%
Total Payment Rate 11.37%
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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 20.24%
PRINCIPAL ALLOCATION PERCENTAGE 20.24%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 4,062,547.84
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,464,682.21
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,464,682.21
Class A Monthly Interest $ 1,811,250.00
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 3,737,544.01
TOTAL CLASS A EXCESS SPREAD $ 302,554.87
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 562,146.29
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 562,146.29
Class B Monthly Interest $ 160,433.33
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 348,379.63
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 650,934.50
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 $ 325,003.83
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 26,218.19
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 299,712.48
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) 7.92%
Base Rate (Prior Month) 7.95%
Base Rate (Two Months Ago) 7.88%
THREE MONTH AVERAGE BASE RATE 7.92%
Portfolio Yield (Current Month) 8.89%
Portfolio Yield (Prior Month) 13.38%
Portfolio Yield (Two Months Ago) 11.06%
THREE MONTH AVERAGE PORTFOLIO YIELD 11.11%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 37,344,503.03
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,247,348.10
TOTAL PRINCIPAL COLLECTIONS $ 40,591,851.13
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
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 $ 40,591,851.13
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
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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
CHEVY CHASE BANK, F.S.B.,
as Servicer
Mark A. Holles
By: ________________________
Mark A. Holles
Vice President