Exhibit 99.6
07/99 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-A
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 $ 369,000,000.00
Class B Initial Invested Amount $ 38,250,000.00
Class C Initial Invested Amount $ 42,750,000.00
INITIAL INVESTED AMOUNT $ 450,000,000.00
Class A Invested Amount $ 369,000,000.00
Class B Invested Amount $ 38,250,000.00
Class C Invested Amount $ 42,750,000.00
INVESTED AMOUNT $ 450,000,000.00
FLOATING ALLOCATION PERCENTAGE 15.15%
PRINCIPAL ALLOCATION PERCENTAGE 15.15%
MONTHLY SERVICING FEE $ 562,500.00
INVESTOR DEFAULT AMOUNT $ 3,405,890.83
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 5,851,565.97
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 5,851,565.97
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Class A Monthly Interest $ 1,748,240.00
Class A Servicing Fee $ 461,250.00
Class A Investor Default Amount $ 2,792,830.48
TOTAL CLASS A EXCESS SPREAD $ 849,245.49
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 606,564.76
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 606,564.76
Class B Monthly Interest $ 188,870.00
Class B Servicing Fee $ 47,812.50
TOTAL CLASS B EXCESS SPREAD $ 369,882.26
CLASS B INVESTOR DEFAULT AMOUNT 289,500.72
CLASS B REQUIRED AMOUNT 289,500.72
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,843,615.59
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 $ 289,500.72
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
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Excess Spread Applied to Class C Required Amount $ 558,399.63
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 93,750.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to Spread Account $ 901,965.24
Excess Spread Applied to Reserve Account $ 0.00
Excess Spread Applied to other amounts owed $ 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 $ 0.00
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 0.00
SERIES 1996-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1996-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
07/99 Page 5
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
YIELD AND BASE RATE --
Base Rate (Current Month) 6.93%
Base Rate (Prior Month) 6.74%
Base Rate (Two Months Ago) 7.15%
THREE MONTH AVERAGE BASE RATE 6.94%
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 --
TOTAL PRINCIPAL COLLECTIONS $ 61,337,130.65
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
07/99 Page 6
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 $ 61,337,130.65
SHARING
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 CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS C CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 13,500,000.00
Available Cash Collateral Amount $ 13,500,000.00
07/99 Page 7
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