Exhibit 99.9
Jun-2002 1998-A Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1998-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
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Beginning of the Month Principal Receivables: $2,591,799,604.05
Beginning of the Month Finance Charge Receivables: $134,031,322.06
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $2,725,830,926.11
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: $2,591,257,172.52
End of the Month Finance Charge Receivables: $136,465,334.68
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $2,727,722,507.20
Special Funding Account Balance $0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series) $1,482,000,000.00
End of the Month Transferor Amount $1,109,257,172.52
End of the Month Transferor Percentage 42.81%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $57,754,094.93
60-89 Days Delinquent $41,871,886.55
90+ Days Delinquent $79,055,181.70
Total 30+ Days Delinquent $178,681,163.18
Delinquent Percentage 6.55%
Defaulted Accounts During the Month $16,677,241.06
Annualized Default Percentage 7.72%
Jun-2002 1998-A Page 2
Principal Collections $278,726,653.98
Principal Payment Rate 10.75%
Total Payment Rate 11.63%
INVESTED AMOUNTS
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Class A Initial Invested Amount $370,500,000.00
Class B Initial Invested Amount $57,000,000.00
Class C Initial Invested Amount $47,500,000.00
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INITIAL INVESTED AMOUNT $475,000,000.00
Class A Invested Amount $468,000,000.00
Class B Invested Amount $72,000,000.00
Class C Invested Amount $60,000,000.00
--------------------
INVESTED AMOUNT $600,000,000.00
Class A Adjusted Invested Amount $468,000,000.00
Class B Adjusted Invested Amount $72,000,000.00
Class C Adjusted Invested Amount $60,000,000.00
--------------------
ADJUSTED INVESTED AMOUNT $600,000,000.00
PREFUNDED AMOUNT $0.00
FLOATING ALLOCATION PERCENTAGE 23.15%
PRINCIPAL ALLOCATION PERCENTAGE 23.15%
Class A Principal Allocation Percentage 78.00%
Class B Principal Allocation Percentage 12.00%
Class C Principal Allocation Percentage 10.00%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED
TO SERIES 1998-A $64,525,047.43
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1998-A $8,854,719.12
MONTHLY SERVICING FEE $750,000.00
INVESTOR DEFAULT AMOUNT $3,860,770.95
Jun-2002 1998-A Page 3
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $7,491,680.92
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $7,491,680.92
Class A Monthly Interest $724,360.00
Class A Servicing Fee $585,000.00
Class A Investor Default Amount $3,011,401.34
TOTAL CLASS A EXCESS SPREAD $3,170,919.58
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS
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CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $1,152,566.30
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $1,152,566.30
Class B Monthly Interest $125,440.00
Class B Servicing Fee $90,000.00
TOTAL CLASS B EXCESS SPREAD $937,126.30
CLASS B INVESTOR DEFAULT AMOUNT $463,292.51
CLASS B REQUIRED AMOUNT $463,292.51
CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE $75,000.00
Jun-2002 1998-A Page 4
EXCESS SPREAD
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TOTAL EXCESS SPREAD $4,993,517.78
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 $463,292.51
Excess Spread Applied to Reductions of Class B
Invested Amount $0.00
Excess Spread Applied to Class C Required Amount $518,610.43
Excess Spread Applied to Reductions of Class C
Invested Amount $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $125,000.00
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Spread Account $0.00
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to other amounts owed to
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 $3,886,614.84
Jun-2002 1998-A Page 5
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $9,588,561.84
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS
- -----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1998-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
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
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Base Rate (Current Month) 4.10%
Base Rate (Prior Month) 4.11%
Base Rate (Two Months Ago) 4.13%
--------
THREE MONTH AVERAGE BASE RATE 4.11%
Portfolio Yield (Current Month) 11.49%
Portfolio Yield (Prior Month) 12.17%
Portfolio Yield (Two Months Ago) 11.12%
--------
THREE MONTH AVERAGE PORTFOLIO YIELD 11.59%
Jun-2002 1998-A Page 6
PRINCIPAL COLLECTIONS
- ---------------------
TOTAL PRINCIPAL COLLECTIONS $64,525,047.43
INVESTOR DEFAULT AMOUNT $3,860,770.95
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
CLASS A SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
CLASS B SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING $68,385,818.38
INVESTOR CHARGE OFFS
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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 REDUCTIONS REIMBURSED $0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED $0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount $18,000,000.00
Available Cash Collateral Amount $18,000,000.00
TOTAL DRAW AMOUNT $0.00
CASH COLLATERAL ACCOUNT SURPLUS $0.00
First USA Bank, National Association
as Servicer
By: /s/ Michael J. Grubb
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Michael J. Grubb
First Vice President