Exhibit 99.4
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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: $ 2,642,515,677.67
Beginning of the Month Finance Charge Receivables: $ 125,027,951.06
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,767,543,628.73
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: $ 2,586,368,062.66
End of the Month Finance Charge Receivables: $ 122,607,153.01
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,708,975,215.67
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 286,368,062.66
End of the Month Transferor Percentage 11.07%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 60,956,641.78
60-89 Days Delinquent $ 43,310,220.02
90+ Days Delinquent $ 96,555,073.18
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Total 30+ Days Delinquent $ 200,821,934.98
Delinquent Percentage 7.41%
Defaulted Accounts During the Month $ 19,747,856.25
Annualized Default Percentage 8.97%
Principal Collections 353,804,386.57
Principal Payment Rate 13.39%
Total Payment Rate 14.36%
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 15.14%
PRINCIPAL ALLOCATION PERCENTAGE 15.14%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,989,252.75
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,530,215.76
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,530,215.76
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Class A Monthly Interest $ 1,821,651.11
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,750,112.53
TOTAL CLASS A EXCESS SPREAD $ 1,498,452.12
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 567,844.86
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 567,844.86
Class B Monthly Interest $ 161,626.67
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 366,218.19
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,864,670.31
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 $ 239,140.22
Interest, Servicing Fee and Default
Amount
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
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Excess Spread Applied to Monthly Cash $ 26,562.72
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 1,598,967.37
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 $ 145,515.42
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 43.72
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 $ 43.72
other amounts owed Cash Collateral Depositor
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YIELD AND BASE RATE --
Base Rate (Current Month) 8.16%
Base Rate (Prior Month) 8.06%
Base Rate (Two Months Ago) 8.73%
THREE MONTH AVERAGE BASE RATE 8.32%
Portfolio Yield (Current Month) 12.33%
Portfolio Yield (Prior Month) 11.84%
Portfolio Yield (Two Months Ago) 13.48%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.55%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 49,271,265.90
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,284,457.89
TOTAL PRINCIPAL COLLECTIONS $ 53,555,723.79
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
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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 $ 53,555,723.79
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
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
First Vice President