<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) OCTOBER 2, 1998
---------------
FIRST USA BANK, NATIONAL ASSOCIATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
(AS SERVICER ON BEHALF OF CC MASTER CREDIT CARD TRUST II (FORMERLY CHEVY CHASE
MASTER CREDIT CARD TRUST II))
LAWS OF THE UNITED STATES 33-99334 76-0039224
------------------------- -------- ----------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification Number)
201 NORTH WALNUT STREET, WILMINGTON, DELAWARE 19801
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
302/594-4117
- --------------------------------------------------
Registrant's telephone number, including area code
N/A
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)
<PAGE>
ITEM 5. OTHER EVENTS
On October 2, 1998, the parent corporation for First USA Bank, N.A., (the
"Bank"), Banc One Corporation, was merged (the "Merger") with First Chicago NBD
Corporation ("FCNBD") and the surviving entity is BANK ONE CORPORATION ("BANK
ONE"). Following the merger, the Bank is an indirect, wholly owned subsidiary
of BANK ONE.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS.
The following exhibits are filed as a part of this report:
99.1 Monthly Certificateholders' Statement for Series 1995-A
99.2 Monthly Statement to Certificateholders for Series 1995-A
99.3 Monthly Certificateholders' Statement for Series 1995-C
99.4 Monthly Statement to Certificateholders for Series 1995-C
99.5 Monthly Certificateholders' Statement for Series 1996-A
99.6 Monthly Statement to Certificateholders for Series 1996-A
99.7 Monthly Certificateholders' Statement for Series 1996-C
99.8 Monthly Statement to Certificateholders for Series 1996-C
99.9 Monthly Certificateholders' Statement for Series 1998-A
99.10 Monthly Statement to Certificateholders for Series 1998-A
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST USA BANK, NATIONAL ASSOCIATION
As Servicer of the CC Master Credit Card Trust II
(formerly Chevy Chase Master Credit Card Trust II)
By: /s/ Tracie H. Klein
---------------------------------------
Name: Tracie H. Klein
Title: Vice President
Date: November 30, 1998
-----------------
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE
- ----------- ----------- ----
99.1 Monthly Certificateholders' Statement for Series 1995-A
99.2 Monthly Statement to Certificateholders for Series 1995-A
99.3 Monthly Certificateholders' Statement for Series 1995-C
99.4 Monthly Statement to Certificateholders for Series 1995-C
99.5 Monthly Certificateholders' Statement for Series 1996-A
99.6 Monthly Statement to Certificateholders for Series 1996-A
99.7 Monthly Certificateholders' Statement for Series 1996-C
99.8 Monthly Statement to Certificateholders for Series 1996-C
99.9 Monthly Certificateholders' Statement for Series 1998-A
99.10 Monthly Statement to Certificateholders for Series 1998-A
<PAGE>
EXHIBIT 99.1
9/98 Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
SERIES 1995-A
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995,
(the "Pooling and Servicing Agreement"), among First USA Bank, NA, as Transferor
and Servicer ("First USA"), First USA, as Transferor, and Bankers Trust Company,
as trustee (the "Trustee"), First USA, as Servicer, is required to prepare
certain information each month regarding current distributions to
Certificateholders and the performance of the CC Master Credit Card Trust II
(the "Trust") during the previous month. The information which is required to be
prepared with respect to the Distribution Date of October 15, 1998, and with
respect to the performance of the Trust during the month of September, 1998 is
set forth below. Certai of the information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Monthly
Statement have their respective meanings set forth in the Pooling and Servicing
Agreement.
A) Information Regarding Distributions to
the Class A Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class A
Certificateholders, per $1,000
original certificate principal amount $ 4.8665333
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class A
Certificates, per $1,000 original
certificate principal amount $ 4.8665333
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class A
Certificates, per $1,000 original
certificate principal amount $ 0.0000000
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $ 0.0000000
(2) The amount of Class A Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class A Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
<PAGE>
9/98 Page 2
A Invested Amount after giving effect
to all transactions on such Distribution Date $ 0.0000000
C) Information Regarding Distributions to
the Class B Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class B
Certificatedholders, per $1,000
original certificate principal amount $ 4.9582000
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 4.9582000
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 0.0000000
D) Class B Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class B Investor
Charge Offs $ 0.0000000
(2) The amount of Class B Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class B Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class
B Invested Amount after giving effect
to all transactions on such
Distribution Date $ 0.0000000
First USA Bank, NA,
as Servicer
By /s/ TRACIE KLEIN
--------------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.2
9/98 Page 1
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: $ 2,544,458,822.22
Beginning of the Month Finance Charge Receivables: $ 105,714,799.59
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,650,173,621.81
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 81,316,193.94
Additional Finance Charge Receivables: $ 471,294.80
Additional Total Receivables: $ 81,787,488.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,560,653,543.40
End of the Month Finance Charge Receivables: $ 109,535,727.38
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,670,189,270.78
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,282,000,000.00
End of the Month Transferor Amount $ 278,653,543.40
End of the Month Transferor Percentage 10.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 61,115,871.44
60-89 Days Delinquent $ 38,461,458.83
90+ Days Delinquent $ 67,924,943.16
Total 30+ Days Delinquent $ 167,502,273.43
Delinquent Percentage 6.27%
Defaulted Accounts During the Month $ 20,142,905.44
Annualized Default Percentage 9.50%
Principal Collections 311,449,885.43
Principal Payment Rate 12.24%
Total Payment Rate 13.38%
<PAGE>
9/98 Page 2
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 15.69%
PRINCIPAL ALLOCATION PERCENTAGE 15.69%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,160,421.86
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,690,231.28
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,690,231.28
Class A Monthly Interest $ 1,790,884.27
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 2,907,588.11
TOTAL CLASS A EXCESS SPREAD $ 1,378,425.57
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 581,759.22
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 581,759.22
Class B Monthly Interest $ 158,662.40
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 369,763.49
<PAGE>
9/98 Page 3
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,748,189.06
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 $ 252,833.75
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 25,333.33
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 $ 1,470,021.98
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,218,235.28
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
<PAGE>
9/98 Page 4
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
YIELD AND BASE RATE --
Base Rate (Current Month) 7.85%
Base Rate (Prior Month) 7.90%
Base Rate (Two Months Ago) 7.92%
THREE MONTH AVERAGE BASE RATE 7.89%
Portfolio Yield (Current Month) 12.33%
Portfolio Yield (Prior Month) 12.75%
Portfolio Yield (Two Months Ago) 13.21%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.76%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 44,949,910.75
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,908,687.90
TOTAL PRINCIPAL COLLECTIONS $ 48,858,598.65
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 $ 48,858,598.65
SHARING
<PAGE>
9/98 Page 5
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 KLEIN
----------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.3
9/98 Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
SERIES 1995-C
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995,
(the "Pooling and Servicing Agreement"), among First USA Bank, NA, as Transferor
and Servicer ("First USA"), First USA Bank, NA, as Transferor, and Bankers Trust
Company, as trustee (the "Trustee"), First USA, as Servicer, is required to
prepare certain information each month regarding current distributions to
Certificateholders and the performance of the First USA Master Credit Card Trust
II (the "Trust") during the previous month. The information which is required to
be prepared with respect to the Distribution Date of October 15, 1998,and with
respect to the performanc of the Trust during the month of September, 1998, is
set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1995-C Certificate (a
"Certificate").Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Monthly
Statement have their respective meanings set forth in the Pooling and Servicing
Agreement.
A) Information Regarding Distributions to
the Class A Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class A
Certificateholders, per $1,000
original certificate principal amount $ 4.8748667
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class A
Certificates, per $1,000 original
certificate principal amount $ 4.8748667
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class A
Certificates, per $1,000 original
certificate principal amount $ 0.0000000
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $ 0.0000000
(2) The amount of Class A Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class A Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
<PAGE>
9/98 Page 2
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect
to all transactions on such Distribution Date $ 0.0000000
C) Information Regarding Distributions to
the Class B Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class B
Certificatedholders, per $1,000
original certificate principal amount $ 4.9790334
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 4.9790334
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 0.0000000
D) Class B Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class B Investor
Charge Offs $ 0.0000000
(2) The amount of Class B Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class B Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class
B Invested Amount after giving effect
to all transactions on such
Distribution Date $ 0.0000000
First USA Bank, NA,
as Servicer
By /s/ TRACIE KLEIN
---------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.4
9/98 Page 1
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: $ 2,544,458,822.22
Beginning of the Month Finance Charge Receivables: $ 105,714,799.59
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,650,173,621.81
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 81,316,193.94
Additional Finance Charge Receivables: $ 471,294.80
Additional Total Receivables: $ 81,787,488.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,560,653,543.40
End of the Month Finance Charge Receivables: $ 109,535,727.38
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,670,189,270.78
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,282,000,000.00
End of the Month Transferor Amount $ 278,653,543.40
End of the Month Transferor Percentage 10.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 61,115,871.44
60-89 Days Delinquent $ 38,461,458.83
90+ Days Delinquent $ 67,924,943.16
Total 30+ Days Delinquent $ 167,502,273.43
Delinquent Percentage 6.27%
Defaulted Accounts During the Month $ 20,142,905.44
Annualized Default Percentage 9.50%
Principal Collections 311,449,885.43
Principal Payment Rate 12.24%
Total Payment Rate 13.38%
<PAGE>
9/98 Page 2
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 15.69%
PRINCIPAL ALLOCATION PERCENTAGE 15.69%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,159,587.12
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,690,231.28
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,690,231.28
Class A Monthly Interest $ 1,793,950.93
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 2,907,588.11
TOTAL CLASS A EXCESS SPREAD $ 1,375,358.91
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 581,759.22
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 581,759.22
Class B Monthly Interest $ 159,329.07
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 369,096.82
<PAGE>
9/98 Page 3
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,744,455.73
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 $ 252,833.75
Interest, Servicing Fee and Default
Amount
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Monthly Cash $ 25,333.33
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 $ 1,466,288.65
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,218,235.28
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
<PAGE>
9/98 Page 4
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
YIELD AND BASE RATE --
Base Rate (Current Month) 7.86%
Base Rate (Prior Month) 7.91%
Base Rate (Two Months Ago) 7.93%
THREE MONTH AVERAGE BASE RATE 7.90%
Portfolio Yield (Current Month) 12.33%
Portfolio Yield (Prior Month) 12.75%
Portfolio Yield (Two Months Ago) 13.21%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.76%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 44,949,910.75
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,908,687.90
TOTAL PRINCIPAL COLLECTIONS $ 48,858,598.65
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
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 $ 48,858,598.65
SHARING
<PAGE>
9/98 Page 5
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 KLEIN
-----------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.5
9/98 Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
SERIES 1996-A
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995
(the "Pooling and Servicing Agreement"), among First USA Bank, NA, (First USA"),
as Transferor and Servicer, First USA, as Transferor, and Bankers Trust Company,
as trustee (the "Trustee"). First USA as Servicer is required to prepare certain
information each month regarding current distributions to Series 1996-A
Certificateholders and the performance of the First USA Master Credit Card Trust
II (the "Trust") during the previous month. The information that is required to
be prepared with respect to the October 15, 1998, Distribution Date (referred t
herein as the "Distribution Date"), and with respect to the performance of the
Trust during the September, 1998, Monthly Period (referred to herein as the
Monthly Period") is set forth below. Certain of the information is presented on
the basis of an original principal amount of $1,000 per Series 1996-A
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Monthly Statement have their respective meanings set forth in the Pooling and
Servicing Agreement.
A) Information Regarding Distributions to
the Class A Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class A
Certificateholders, per $1,000
original certificate principal amount $ 4.7832000
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class A
Certificates, per $1,000 original
certificate principal amount $ 4.7832000
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class A
Certificates, per $1,000 original
certificate principal amount $ 0.0000000
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $ 0.0000000
(2) The amount of Class A Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
<PAGE>
9/98 Page 2
(3) The total amount reimbursed in
respect of Class A Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect
to all transactions on such Distribution Date $ 0.0000000
C) Information Regarding Distributions to
the Class B Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class B
Certificatedholders, per $1,000
original certificate principal amount $ 4.9707001
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 4.9707001
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 0.0000000
D) Class B Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class B Investor
Charge Offs $ 0.0000000
(2) The amount of Class B Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class B Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class
B Invested Amount after giving effect
to all transactions on such
Distribution Date $ 0.0000000
<PAGE>
9/98 Page 3
First USA Bank, NA,
as Servicer
By /s/ TRACIE KLEIN
---------------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.6
9/98 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: $ 2,544,458,822.22
Beginning of the Month Finance Charge Receivables: $ 105,714,799.59
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,650,173,621.81
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 81,316,193.94
Additional Finance Charge Receivables: $ 471,294.80
Additional Total Receivables: $ 81,787,488.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,560,653,543.40
End of the Month Finance Charge Receivables: $ 109,535,727.38
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,670,189,270.78
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,282,000,000.00
End of the Month Transferor Amount $ 278,653,543.40
End of the Month Transferor Percentage 10.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 61,115,871.44
60-89 Days Delinquent $ 38,461,458.83
90+ Days Delinquent $ 67,924,943.16
Total 30+ Days Delinquent $ 167,502,273.43
Delinquent Percentage 6.27%
Defaulted Accounts During the Month $ 20,142,905.44
Annualized Default Percentage 9.50%
Principal Collections 311,449,885.43
Principal Payment Rate 12.24%
Total Payment Rate 13.38%
<PAGE>
9/98 Page 2
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 17.65%
PRINCIPAL ALLOCATION PERCENTAGE 17.65%
MONTHLY SERVICING FEE $ 750,000.00
INVESTOR DEFAULT AMOUNT $ 3,555,222.81
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 82.00%
Class A Finance Charge Collections $ 6,709,977.94
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,709,977.94
Class A Monthly Interest $ 1,765,000.80
Class A Servicing Fee $ 615,000.00
Class A Investor Default Amount $ 2,915,282.70
TOTAL CLASS A EXCESS SPREAD $ 1,414,694.44
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.50%
Class B Finance Charge Collections $ 695,546.47
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 695,546.47
Class B Monthly Interest $ 190,129.28
Class B Servicing Fee $ 63,750.00
TOTAL CLASS B EXCESS SPREAD $ 441,667.19
CLASS B INVESTOR DEFAULT AMOUNT 302,193.94
CLASS B REQUIRED AMOUNT 302,193.94
<PAGE>
9/98 Page 3
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,562,487.13
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 $ 302,193.94
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 572,509.22
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 $ 1,594,033.97
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,218,235.28
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
<PAGE>
9/98 Page 4
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) 7.84%
Base Rate (Prior Month) 7.89%
Base Rate (Two Months Ago) 7.91%
THREE MONTH AVERAGE BASE RATE 7.88%
Portfolio Yield (Current Month) 12.34%
Portfolio Yield (Prior Month) 12.74%
Portfolio Yield (Two Months Ago) 13.21%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.76%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 54,979,686.60
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
CLASS A SCHEDULED AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED AMORTIZATION --
<PAGE>
9/98 Page 5
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 54,979,686.60
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
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ TRACIE KLEIN
----------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.7
9/98 Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
SERIES 1996-C
Pursuant to the "Pooling and Servicing Agreement"), dated as of June 1, 1995
(the "Pooling and Servicing Agreement"), among First USA Bank, NA, as Transferor
and Servicer ("First USA"), First USA, as Transferor, and Bankers Trust Company,
as trustee (the "Trustee"). First USA as Servicer is required to prepare certain
information each month regarding current distributions to Series 1996-C
Certificateholders and the performance of the CC Master Credit Card Trust II
(the Trust") during the previous month. The information which is required to be
prepared with respect to the October 15, 1998, Distribution Date (referred t
herein as the "Distribution Date"), and with respect to the performance of the
Trust during the September, 1998, Monthly Period (referred to herein as Monthly
Period") is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1996-C Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Monthly
Statement have their respective meanings set forth in the Pooling and Servicing
Agreement.
A) Information Regarding Distributions to
the Class A Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class A
Certificateholders, per $1,000
original certificate principal amount $ 4.7748667
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class A
Certificates, per $1,000 original
certificate principal amount $ 4.7748667
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class A
Certificates, per $1,000 original
certificate principal amount $ 0.0000000
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $ 0.0000000
(2) The amount of Class A Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class A Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
<PAGE>
9/98 Page 2
(5) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect
to all transactions on such Distribution Date $ 0.0000000
C) Information Regarding Distributions to
the Class B Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class B
Certificatedholders, per $1,000
original certificate principal amount $ 4.9707000
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 4.9707000
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal on the Class B
Certificates, per $1,000 original
cerificate principal amount $ 0.0000000
D) Class B Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class B Investor
Charge Offs $ 0.0000000
(2) The amount of Class B Investor
Charge Offs set forth in paragraph 1
above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in
respect of Class B Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $ 0.0000000
(5) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class
B Invested Amount after giving effect
to all transactions on such
Distribution Date $ 0.0000000
First USA Bank, NA,
as Servicer
By /s/ TRACIE KLEIN
------------------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.8
9/98 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,544,458,822.22
Beginning of the Month Finance Charge Receivables: $ 105,714,799.59
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,650,173,621.81
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 81,316,193.94
Additional Finance Charge Receivables: $ 471,294.80
Additional Total Receivables: $ 81,787,488.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,560,653,543.40
End of the Month Finance Charge Receivables: $ 109,535,727.38
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,670,189,270.78
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust II Series) $ 2,282,000,000.00
End of the Month Transferor Amount $ 278,653,543.40
End of the Month Transferor Percentage 10.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
RECEIVABLES
30-59 Days Delinquent $ 61,115,871.44
60-89 Days Delinquent $ 38,461,458.83
90+ Days Delinquent $ 67,924,943.16
Total 30+ Days Delinquent $ 167,502,273.43
Delinquent Percentage 6.27%
Defaulted Accounts During the Month $ 20,142,905.44
Annualized Default Percentage 9.50%
Principal Collections 311,449,885.43
Principal Payment Rate 12.24%
Total Payment Rate 13.38%
<PAGE>
9/98 Page 2
INVESTED AMOUNTS
Class A Initial Invested Amount $ 184,500,000.00
Class B Initial Invested Amount $ 19,125,000.00
Class C Initial Invested Amount $ 21,375,000.00
INITIAL INVESTED AMOUNT $ 225,000,000.00
Class A Invested Amount $ 246,000,000.00
Class B Invested Amount $ 25,500,000.00
Class C Invested Amount $ 28,500,000.00
INVESTED AMOUNT $ 300,000,000.00
Class A Adjusted Invested Amount $ 246,000,000.00
Class B Adjusted Invested Amount $ 25,500,000.00
Class C Adjusted Invested Amount $ 28,500,000.00
ADJUSTED INVESTED AMOUNT $ 300,000,000.00
PREFUNDED AMOUNT $ 0.00
FLOATING ALLOCATION PERCENTAGE 11.76%
PRINCIPAL ALLOCATION PERCENTAGE 11.76%
Class A Principal Allocation Percentage 82.00%
Class B Principal Allocation Percentage 8.50%
Class C Principal Allocation Percentage 9.50%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C 36,640,330.28
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C 5,078,497.33
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,368,805.68
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $ 4,471,867.80
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 4,471,867.80
Class A Monthly Interest $ 1,174,617.20
Class A Servicing Fee $ 410,000.00
Class A Investor Default Amount $ 1,942,420.66
TOTAL CLASS A EXCESS SPREAD $ 944,829.94
<PAGE>
9/98 Page 3
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $ 463,547.26
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 463,547.26
Class B Monthly Interest $ 126,752.85
Class B Servicing Fee $ 42,500.00
TOTAL CLASS B EXCESS SPREAD $ 294,294.41
CLASS B INVESTOR DEFAULT AMOUNT 201,348.48
CLASS B REQUIRED AMOUNT 201,348.48
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
CLASS C MONTHLY SERVICING FEE 47,500.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,709,706.62
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 $ 201,348.48
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 380,357.74
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 62,500.00
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
<PAGE>
9/98 Page 4
Excess Spread Applied to other amounts owed to $ 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 $ 1,065,500.40
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,218,235.28
SERIES 1996-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1996-C
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
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) 7.83%
Base Rate (Prior Month) 7.88%
Base Rate (Two Months Ago) 7.89%
<PAGE>
9/98 Page 5
THREE MONTH AVERAGE BASE RATE 7.87%
Portfolio Yield (Current Month) 12.34%
Portfolio Yield (Prior Month) 12.74%
Portfolio Yield (Two Months Ago) 13.21%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.76%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 36,640,330.28
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
CLASS A SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 36,640,330.28
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 REDUCTIONS REIMBURSED $ 0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
<PAGE>
9/98 Page 6
Required Cash Collateral Amount $ 9,000,000.00
Available Cash Collateral Amount $ 9,000,000.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ TRACIE KLEIN
-----------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.9
9/98 Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
SERIES 1998-A
Pursuant to the "Pooling and Servicing Agreement"), dated as of June 1, 1995
(the "Pooling and Servicing Agreement"), among First USA Bank, NA, as Transferor
and Servicer ("First USA"), First USA, as Transferor, and Bankers Trust Company,
as trustee (the "Trustee"). First USA as Servicer is required to prepare certain
information each month regarding current distributions to Series 1998-A
Certificateholders and the performance of the CC Master Credit Card Trust II
(the "Trust")during the previous month. The information which is required to be
prepared with respect to the October 15, 1998, Distribution Date (referred t
herein as the "Distribution Date"), and with respect to the performance of the
Trust during the September, 1998, Monthly Period (referred to herein as Monthly
Period") is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1998-A Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Monthly
Statement have their respective meanings set forth in the Pooling and Servicing
Agreement.
A) Information Regarding Distributions to
the Class A Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class A $ 4.7832000
Certificateholders, per $1,000
original certificate principal amount
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class A $ 4.7832000
Certificates, per $1,000 original
certificate principal amount
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class A $ 0.0000000
Certificates, per $1,000 original
certificate principal amount
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
$ 0.0000000
(1) The amount of Class A Investor
Charge Offs
(2) The amount of Class A Investor
Charge Offs set forth in paragraph 1 $ 0.0000000
above, per $1,000 original certificate
principal amount
$ 0.0000000
(3) The total amount reimbursed in
respect of Class A Investor Charge Offs
(4) The amount set forth in paragraph $ 0.0000000
<PAGE>
9/98 Page 2
certificate principal amount
(5) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class $ 0.0000000
A Invested Amount after giving effect
to all transactions on such Distribution Date
C) Information Regarding Distributions to
the Class B Certificateholders, per
$1,000 original certificate principal amount.
(1) The total amount of the
distribution to Class B $ 4.9915333
Certificatedholders, per $1,000
original certificate principal amount
(2) The amount of the distribution
set forth in paragraph 1 above in
respect of interest on the Class B $ 4.9915333
Certificates, per $1,000 original
cerificate principal amount
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal on the Class B $ 0.0000000
Certificates, per $1,000 original
cerificate principal amount
D) Class B Investor Charge Offs and
Reimbursement of Charge Offs
$ 0.0000000
(1) The amount of Class B Investor
Charge Offs
(2) The amount of Class B Investor
Charge Offs set forth in paragraph 1 $ 0.0000000
above, per $1,000 original certificate
principal amount
$ 0.0000000
(3) The total amount reimbursed in
respect of Class B Investor Charge Offs
(4) The amount set forth in paragraph $ 0.0000000
3 above, per $1,000 original
certificate principal amount
(5) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class
B Invested Amount after giving effect $ 0.0000000
to all transactions on such
Distribution Date
First USA Bank, NA,
as Servicer
By /s/ TRACIE KLEIN
------------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.10
9/98 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1998-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,544,458,822.22
Beginning of the Month Finance Charge Receivables: $ 105,714,799.59
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,650,173,621.81
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 81,787,488.74
Additional Finance Charge Receivables: $ 0.00
Additional Total Receivables: $ 81,787,488.74
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,560,653,543.40
End of the Month Finance Charge Receivables: $ 109,534,960.24
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,670,188,503.64
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust II Series) $ 2,282,000,000.00
End of the Month Transferor Amount $ 278,653,543.40
End of the Month Transferor Percentage 10.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
RECEIVABLES
30-59 Days Delinquent $ 61,115,871.44
60-89 Days Delinquent $ 38,461,458.83
90+ Days Delinquent $ 67,924,943.16
Total 30+ Days Delinquent $ 167,502,273.43
Delinquent Percentage 6.27%
Defaulted Accounts During the Month $ 20,142,905.44
Annualized Default Percentage 9.50%
Principal Collections 311,449,885.43
Principal Payment Rate 12.24%
Total Payment Rate 13.38%
<PAGE>
9/98 Page 2
INVESTED AMOUNTS
Class A Initial Invested Amount $ 407,160,000.00
Class B Initial Invested Amount $ 62,640,000.00
Class C Initial Invested Amount $ 52,200,000.00
INITIAL INVESTED AMOUNT $ 522,000,000.00
Class A Invested Amount $ 407,160,000.00
Class B Invested Amount $ 62,640,000.00
Class C Invested Amount $ 52,200,000.00
INVESTED AMOUNT $ 522,000,000.00
Class A Adjusted Invested Amount $ 407,160,000.00
Class B Adjusted Invested Amount $ 62,640,000.00
Class C Adjusted Invested Amount $ 52,200,000.00
ADJUSTED INVESTED AMOUNT $ 522,000,000.00
PREFUNDED AMOUNT $ 78,000,000.00
FLOATING ALLOCATION PERCENTAGE 20.48%
PRINCIPAL ALLOCATION PERCENTAGE 20.48%
Class A Principal Allocation Percentage 78.00%
Class B Principal Allocation Percentage 12.00%
Class C Principal Allocation Percentage 10.00%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 63,772,006.18
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 8,839,055.13
MONTHLY SERVICING FEE $ 870,000.00
INVESTOR DEFAULT AMOUNT $ 4,125,267.03
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $ 7,674,092.15
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 7,674,092.15
Class A Monthly Interest $ 2,238,537.60
Class A Servicing Fee $ 678,600.00
Class A Investor Default Amount $ 3,217,708.28
TOTAL CLASS A EXCESS SPREAD $ 1,539,246.27
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CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $ 1,180,629.57
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 1,180,629.57
Class B Monthly Interest $ 359,390.40
Class B Servicing Fee $ 104,400.00
TOTAL CLASS B EXCESS SPREAD $ 716,839.17
CLASS B INVESTOR DEFAULT AMOUNT 495,032.04
CLASS B REQUIRED AMOUNT 495,032.04
CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE 87,000.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 3,152,943.38
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 $ 495,032.04
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 742,018.70
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 108,750.00
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
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Excess Spread Applied to other amounts owed to $ 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 $ 1,807,142.63
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 8,218,235.28
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1998-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
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
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YIELD AND BASE RATE --
Base Rate (Current Month) 7.85%
Base Rate (Prior Month) 7.91%
Base Rate (Two Months Ago) 7.92%
THREE MONTH AVERAGE BASE RATE 7.89%
Portfolio Yield (Current Month) 8.76%
Portfolio Yield (Prior Month) 9.07%
Portfolio Yield (Two Months Ago) 11.70%
THREE MONTH AVERAGE PORTFOLIO YIELD 9.84%
PRINCIPAL COLLECTIONS --
TOTAL PRINCIPAL COLLECTIONS $ 63,772,006.18
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
CLASS A SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED ACCUMULATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 63,772,006.18
SHARING
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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 REDUCTIONS REIMBURSED $ 0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 18,000,000.00
Available Cash Collateral Amount $ 18,000,000.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ TRACIE KLEIN
-----------------------
Tracie H. Klein
Vice President
