Exhibit 99.6
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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: $ 2,871,115,274.03
Beginning of the Month Finance Charge Receivables: $ 129,251,987.60
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 3,000,367,261.63
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: $ 2,753,674,330.53
End of the Month Finance Charge Receivables: $ 123,890,810.08
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,877,565,140.61
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 453,674,330.53
End of the Month Transferor Percentage 16.48%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 65,068,380.08
60-89 Days Delinquent $ 50,261,299.25
90+ Days Delinquent $ 102,427,477.52
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Total 30+ Days Delinquent $ 217,757,156.85
Delinquent Percentage 7.57%
Defaulted Accounts During the Month $ 18,915,334.01
Annualized Default Percentage 7.91%
Principal Collections 444,326,533.28
Principal Payment Rate 15.48%
Total Payment Rate 16.49%
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 15.67%
PRINCIPAL ALLOCATION PERCENTAGE 15.67%
MONTHLY SERVICING FEE $ 562,500.00
INVESTOR DEFAULT AMOUNT $ 2,964,675.96
CLASS A AVAILABLE FUNDS --
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 6,924,552.11
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,924,552.11
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Class A Monthly Interest $ 1,765,498.44
Class A Servicing Fee $ 461,250.00
Class A Investor Default Amount $ 2,431,034.29
TOTAL CLASS A EXCESS SPREAD $ 2,266,769.38
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 717,788.96
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 717,788.96
Class B Monthly Interest $ 190,419.92
Class B Servicing Fee $ 47,812.50
TOTAL CLASS B EXCESS SPREAD $ 479,556.54
CLASS B INVESTOR DEFAULT AMOUNT 251,997.46
CLASS B REQUIRED AMOUNT 251,997.46
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 3,495,123.09
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 $ 251,997.46
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
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Excess Spread Applied to Class C Required Amount $ 517,474.29
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 $ 0.00
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 $ 2,631,901.34
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 13,567,305.93
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
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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) 7.66%
Base Rate (Prior Month) 7.63%
Base Rate (Two Months Ago) 7.52%
THREE MONTH AVERAGE BASE RATE 7.60%
Portfolio Yield (Current Month) 14.61%
Portfolio Yield (Prior Month) 11.44%
Portfolio Yield (Two Months Ago) 12.90%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.98%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 69,641,074.85
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
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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 $ 69,641,074.85
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
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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