Exhibit 99.2
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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: $ 2,725,549,059.35
Beginning of the Month Finance Charge Receivables: $ 124,951,710.79
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,850,500,770.14
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: $ 2,724,412,350.06
End of the Month Finance Charge Receivables: $ 122,550,039.88
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,846,962,389.94
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 424,412,350.06
End of the Month Transferor Percentage 15.58%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 62,265,619.33
60-89 Days Delinquent $ 48,055,312.48
90+ Days Delinquent $ 99,437,243.90
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Total 30+ Days Delinquent $ 209,758,175.71
Delinquent Percentage 7.37%
Defaulted Accounts During the Month $ 19,590,834.14
Annualized Default Percentage 8.63%
Principal Collections 393,590,009.10
Principal Payment Rate 14.44%
Total Payment Rate 15.45%
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 14.68%
PRINCIPAL ALLOCATION PERCENTAGE 14.68%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,875,131.23
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,779,828.97
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,779,828.97
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Class A Monthly Interest $ 2,332,966.67
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,645,120.73
TOTAL CLASS A EXCESS SPREAD $ 1,341,741.57
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 589,550.34
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 589,550.34
Class B Monthly Interest $ 206,191.11
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 343,359.23
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,685,100.80
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 $ 230,010.50
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 30,846.85
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 1,424,243.45
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,014,101.28
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) 8.72%
Base Rate (Prior Month) 7.69%
Base Rate (Two Months Ago) 7.67%
THREE MONTH AVERAGE BASE RATE 8.03%
Portfolio Yield (Current Month) 13.48%
Portfolio Yield (Prior Month) 11.77%
Portfolio Yield (Two Months Ago) 14.61%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.29%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 53,141,846.05
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,621,030.09
TOTAL PRINCIPAL COLLECTIONS $ 57,762,876.14
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 $ 57,762,876.14
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