Exhibit 99.2
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: $ 2,586,368,062.66
Beginning of the Month Finance Charge Receivables: $ 122,607,153.01
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,708,975,215.67
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 174,177,556.64
Additional Finance Charge Receivables: $ 7,160,266.36
Additional Total Receivables: $ 181,337,823.00
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,705,997,179.62
End of the Month Finance Charge Receivables: $ 126,088,094.43
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,832,085,274.05
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 405,997,179.62
End of the Month Transferor Percentage 15.00%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 55,970,862.34
60-89 Days Delinquent $ 43,741,927.17
90+ Days Delinquent $ 94,369,854.97
Total 30+ Days Delinquent $ 194,082,644.48
Delinquent Percentage 6.85%
Defaulted Accounts During the Month $ 17,493,851.39
Annualized Default Percentage 8.12%
Principal Collections 361,809,270.20
Principal Payment Rate 13.99%
Total Payment Rate 15.03%
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 15.42%
PRINCIPAL ALLOCATION PERCENTAGE 15.42%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,697,621.86
CLASS A AVAILABLE FUNDS --
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,896,975.17
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,896,975.17
Class A Monthly Interest $ 2,109,598.33
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,481,812.11
TOTAL CLASS A EXCESS SPREAD $ 1,845,564.73
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 599,736.97
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 599,736.97
Class B Monthly Interest $ 186,670.00
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 373,066.97
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,218,631.70
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 $ 215,809.75
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 29,580.43
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 $ 1,973,241.52
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 11,166,258.96
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
YIELD AND BASE RATE --
Base Rate (Current Month) 8.26%
Base Rate (Prior Month) 8.14%
Base Rate (Two Months Ago) 8.05%
THREE MONTH AVERAGE BASE RATE 8.15%
Portfolio Yield (Current Month) 14.40%
Portfolio Yield (Prior Month) 12.33%
Portfolio Yield (Two Months Ago) 11.84%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.86%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 51,264,573.31
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,457,788.99
TOTAL PRINCIPAL COLLECTIONS $ 55,722,362.30
INVESTOR DEFAULT AMOUNT $ 2,697,621.86
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
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 $ 58,419,984.16
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
---------------------------------
Tracie H. Klein
First Vice President