Exhibit 99.10
11/98 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1998-A
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 II 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
11/98 Page 2
Total 30+ Days Delinquent $ 183,132,720.96
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 $ 370,500,000.00
Class B Initial Invested Amount $ 57,000,000.00
Class C Initial Invested Amount $ 47,500,000.00
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 22.66%
PRINCIPAL ALLOCATION PERCENTAGE 22.66%
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 70,717,442.52
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COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 9,257,784.74
MONTHLY SERVICING FEE $ 1,000,000.00
INVESTOR DEFAULT AMOUNT $ 3,190,121.30
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $ 7,806,072.11
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 7,806,072.11
Class A Monthly Interest $ 2,046,284.37
Class A Servicing Fee $ 780,000.00
Class A Investor Default Amount $ 2,488,294.61
TOTAL CLASS A EXCESS SPREAD $ 2,491,493.13
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $ 1,200,934.17
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 1,200,934.17
Class B Monthly Interest $ 329,312.98
Class B Servicing Fee $ 120,000.00
TOTAL CLASS B EXCESS SPREAD $ 751,621.19
CLASS B INVESTOR DEFAULT AMOUNT 382,814.56
CLASS B REQUIRED AMOUNT 382,814.56
11/98 Page 4
CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE 100,000.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 4,143,892.78
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 $ 382,814.56
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 622,439.61
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 125,000.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to Spread Account $ 0.00
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed to $ 0.00
Cash Collateral Depositor
Excess Spread Applied to other amounts owed to
Spread Account Residual Interest Holders $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $ 3,013,638.61
11/98 Page 5
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 11,853,670.84
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1998-A
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
11/98 Page 6
YIELD AND BASE RATE --
Base Rate (Current Month) 7.54%
Base Rate (Prior Month) 7.67%
Base Rate (Two Months Ago) 7.85%
THREE MONTH AVERAGE BASE RATE 7.69%
Portfolio Yield (Current Month) 13.64%
Portfolio Yield (Prior Month) 16.91%
Portfolio Yield (Two Months Ago) 8.76%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.10%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 70,717,442.52
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests $ 0.00
Allocable to Class B Certificates $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
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 $ 70,717,442.52
SHARING
11/98 Page 7
INVESTOR CHARGE OFFS --
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, NA
as Servicer
By: /s/ Tracie H. Klein
--------------------------------
Tracie H. Klein
Vice President