Exhibit 99.2
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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: $ 2,753,674,330.53
Beginning of the Month Finance Charge Receivables: $ 123,890,810.08
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,877,565,140.61
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: $ 2,725,549,059.35
End of the Month Finance Charge Receivables: $ 124,951,710.79
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,850,500,770.14
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,300,000,000.00
End of the Month Transferor Amount $ 425,549,059.35
End of the Month Transferor Percentage 15.61%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 67,466,551.65
60-89 Days Delinquent $ 47,177,357.26
90+ Days Delinquent $ 102,431,865.87
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Total 30+ Days Delinquent $ 217,075,774.78
Delinquent Percentage 7.62%
Defaulted Accounts During the Month $ 19,626,588.85
Annualized Default Percentage 8.55%
Principal Collections 364,480,052.15
Principal Payment Rate 13.24%
Total Payment Rate 14.17%
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 14.53%
PRINCIPAL ALLOCATION PERCENTAGE 14.53%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,850,958.30
CLASS A AVAILABLE FUNDS --
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,233,098.68
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,233,098.68
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Class A Monthly Interest $ 1,741,100.00
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,622,881.64
TOTAL CLASS A EXCESS SPREAD $ 1,409,117.04
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 542,008.59
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 542,008.59
Class B Monthly Interest $ 154,333.33
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 347,675.26
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,756,792,30
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 $ 228,076.66
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 27,217.81
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 $ 1,501,497.83
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 3,562,240.99
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
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YIELD AND BASE RATE --
Base Rate (Current Month) 7.69%
Base Rate (Prior Month) 7.67%
Base Rate (Two Months Ago) 7.64%
THREE MONTH AVERAGE BASE RATE 7.67%
Portfolio Yield (Current Month) 11.77%
Portfolio Yield (Prior Month) 14.61%
Portfolio Yield (Two Months Ago) 11.44%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.61%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 48,708,822.58
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,235,549.79
TOTAL PRINCIPAL COLLECTIONS $ 52,944,372.37
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
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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 $ 52,944,372.37
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 Paymets $ 0.00
Class B Interest Rate Cap Paymets $ 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