Exhibit 99.4
11/98 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,606,297,821.32
Beginning of the Month Finance Charge Receivables: $ 108,344,082.86
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,714,641,904.18
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 145,216,887.88
Additional Finance Charge Receivables: $ 5,439,088.76
Additional Total Receivables: $ 150,655,976.64
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,736,622,992.93
End of the Month Finance Charge Receivables: $ 120,178,951.69
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,856,801,944.62
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 406,622,992.93
End of the Month Transferor Percentage 14.86%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 58,985,335.87
60-89 Days Delinquent $ 43,142,144.07
90+ Days Delinquent $ 81,005,241.02
Total 30+ Days Delinquent $ 183,132,720.96
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Delinquent Percentage 6.41%
Defaulted Accounts During the Month $ 14,078,205.21
Annualized Default Percentage 6.48%
Principal Collections 311,269,954.87
Principal Payment Rate 11.94%
Total Payment Rate 12.97%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 322,000,000.00
Class B Initial Invested Amount $ 28,000,000.00
INITIAL INVESTED AMOUNT $ 350,000,000.00
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 15.11%
PRINCIPAL ALLOCATION PERCENTAGE 15.11%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 2,127,216.81
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,138,456.24
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,138,456.24
Class A Monthly Interest $ 1,641,653.01
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 1,957,039.47
TOTAL CLASS A EXCESS SPREAD $ 1,926,430.43
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REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 533,778.82
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 533,778.82
Class B Monthly Interest $ 145,974.66
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 334,470.83
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,260,901.26
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 $ 170,177.34
Interest, Servicing Fee and Default
Amount
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Monthly Cash $ 25,777.78
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 $ 2,064,946.14
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EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 11,853,670.84
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-C
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 Interest, Servicing Fee and Default Amounts
Excess Finance Charge Collections Applied to $ 0.00
Reductions of Class B Invested Amount
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
YIELD AND BASE RATE --
Base Rate (Current Month) 7.55%
Base Rate (Prior Month) 7.68%
Base Rate (Two Months Ago) 7.86%
THREE MONTH AVERAGE BASE RATE 7.70%
Portfolio Yield (Current Month) 13.64%
Portfolio Yield (Prior Month) 18.23%
Portfolio Yield (Two Months Ago) 12.33%
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THREE MONTH AVERAGE PORTFOLIO YIELD 14.73%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 43,376,453.81
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,771,865.54
TOTAL PRINCIPAL COLLECTIONS $ 47,148,319.35
REALLOCATED PRINCIPAL COLLECTIONS $
$ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
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 $ 47,148,319.35
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
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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
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
Vice President