Exhibit 99.4
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: $ 2,970,295,835.51
Beginning of the Month Finance Charge Receivables: $ 125,373,372.08
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 3,095,669,207.59
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: $ 2,930,005,220.60
End of the Month Finance Charge Receivables: $ 126,388,522.60
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 3,056,393,743.20
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,330,000,000.00
End of the Month Transferor Amount $ 600,005,220.60
End of the Month Transferor Percentage 20.48%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 72,749,569.96
60-89 Days Delinquent $ 45,635,327.96
90+ Days Delinquent $ 98,448,037.86
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Total 30+ Days Delinquent $ 216,832,935.78
Delinquent Percentage 7.09%
Defaulted Accounts During the Month $ 22,481,127.60
Annualized Default Percentage 9.08%
Principal Collections 404,865,548.68
Principal Payment Rate 13.63%
Total Payment Rate 14.48%
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 13.47%
PRINCIPAL ALLOCATION PERCENTAGE 13.47%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 3,027,466.01
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 5,835,721.35
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 5,835,721.35
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Class A Monthly Interest $ 1,779,484.44
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,785,268.73
TOTAL CLASS A EXCESS SPREAD $ 810,968.18
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 507,454.05
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 507,454.05
Class B Monthly Interest $ 158,293.33
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 309,160.72
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,120,128.90
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 $ 242,197.28
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 $ 29,866.67
Collateral Fee
Excess Spread Applied to Cash Collateral $ 848,064.95
Account
Excess Spread Applied to other amounts owed $ 0.00
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 $ 0.00
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
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YIELD AND BASE RATE --
Base Rate (Current Month) 6.95%
Base Rate (Prior Month) 6.76%
Base Rate (Two Months Ago) 7.17%
THREE MONTH AVERAGE BASE RATE 6.96%
Portfolio Yield (Current Month) 9.95%
Portfolio Yield (Prior Month) 13.92%
Portfolio Yield (Two Months Ago) 11.48%
THREE MONTH AVERAGE PORTFOLIO YIELD 11.78%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 50,160,266.53
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,361,762.32
TOTAL PRINCIPAL COLLECTIONS $ 54,522,028.85
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 $ 54,522,028.85
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