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Previous: INCOME OPPORTUNITY REALTY INVESTORS INC /TX/, DEF 14A, 1999-08-27 |
Next: AMERISTOCK MUTUAL FUND INC, N-30D, 1999-08-27 |
================================================================================
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) August 16, 1999
---------------
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))
<TABLE>
<S> <C> <C>
Laws of the United States 33-99334 76-0039224
- ------------------------------- ------------------------ ----------------------------
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification
incorporation or organization) Number)
</TABLE>
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 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: First Vice President
Date: August 27, 1999
---------------
<PAGE>
Exhibit Index
<TABLE>
<CAPTION>
Exhibit No. Description Page
- ----------- ----------- ----
<S> <C> <C>
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
</TABLE>
Exhibit 99.1
07/99 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 August 16, 1999, and with
respect to the performance of the Trust during the month of July, 1999 is set
forth below. Certain 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.
<TABLE>
<S> <C> <C>
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 $ 4.8266667
(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 $ 4.8266667
(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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C> <C>
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
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 $ 4.9244444
(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 $ 4.9244444
(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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C> <C>
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
</TABLE>
First USA Bank, NA,
as Servicer
By /s/ Tracie H. Klein
---------------------------
Tracie H. Klein
First Vice President
Exhibit 99.2
07/99 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C>
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 $ 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 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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C>
Class A Monthly Interest $ 1,776,213.33
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,785,268.73
TOTAL CLASS A EXCESS SPREAD $ 814,239.29
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 $ 157,582.22
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 309,871.83
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,124,111.12
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 $ 242,197.28
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
</TABLE>
<PAGE>
07/99 Page 4
<TABLE>
<S> <C>
Excess Spread Applied to Monthly Cash $ 29,866.67
Collateral Fee
Excess Spread Applied to Cash Collateral $ 852,047.17
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-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
</TABLE>
<PAGE>
07/99 Page 5
<TABLE>
<S> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 6.94%
Base Rate (Prior Month) 6.75%
Base Rate (Two Months Ago) 7.16%
THREE MONTH AVERAGE BASE RATE 6.95%
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 AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
</TABLE>
<PAGE>
07/99 Page 6
<TABLE>
<S> <C>
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 $ 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
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Payments $ 0.00
Class B Interest Rate Cap Payments $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
----------------------
Tracie H. Klein
First Vice President
Exhibit 99.3
07/99 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 August 16, 1999,and with respect to the performance
of the Trust during the month of July, 1999, 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.
<TABLE>
<S> <C> <C>
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 $ 4.8355555
(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 $ 4.8355555
(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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C> <C>
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
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 $ 4.9466666
(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 $ 4.9466666
(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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C> <C>
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
</TABLE>
First USA Bank, NA,
as Servicer
By /s/ Tracie H. Klein
-----------------------
Tracie H. Klein
First Vice President
Exhibit 99.4
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 4
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 5
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 6
<TABLE>
<S> <C>
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
</TABLE>
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
Exhibit 99.5
07/99 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 August 16, 1999, Distribution Date
(referred to herein as the "Distribution Date"), and with respect to the
performance of the Trust during the July, 1999, 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.
<TABLE>
<S> <C> <C>
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 $ 4.7377778
(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 $ 4.7377778
(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
</TABLE>
<PAGE>
<TABLE>
07/99 Page 2
<S> <C> <C>
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
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 $ 4.9377778
(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 $ 4.9377778
(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
</TABLE>
<PAGE>
<TABLE>
07/99 Page 2
<S> <C> <C>
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
</TABLE>
First USA Bank, NA,
as Servicer
By /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
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)
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 4
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 5
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 6
<TABLE>
<S> <C>
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
</TABLE>
<PAGE>
07/99 Page 7
<TABLE>
<S> <C>
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
Exhibit 99.7
07/99 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 August 16, 1999, Distribution Date (referred to
herein as the "Distribution Date"), and with respect to the performance of the
Trust during the July, 1999, 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-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.
<TABLE>
<S> <C> <C>
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 $ 4.7288889
(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 $ 4.7288889
(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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C> <C>
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
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 $ 4.9377776
(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 $ 4.9377776
(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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C> <C>
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
</TABLE>
First USA Bank, NA,
as Servicer
By: /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
Exhibit 99.8
07/99 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
<TABLE>
<S> <C>
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 II 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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C>
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 $ 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 10.10%
PRINCIPAL ALLOCATION PERCENTAGE 10.10%
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 40,891,420.40
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C>
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C 4,382,370.70
MONTHLY SERVICING FEE $ 375,000.00
INVESTOR DEFAULT AMOUNT $ 2,270,593.89
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $ 3,901,043.97
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 3,901,043.97
Class A Monthly Interest $ 1,163,306.67
Class A Servicing Fee $ 307,500.00
Class A Investor Default Amount $ 1,861,886.99
TOTAL CLASS A EXCESS SPREAD $ 568,350.31
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $ 404,376.51
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 404,376.51
Class B Monthly Interest $ 125,913.33
Class B Servicing Fee $ 31,875.00
TOTAL CLASS B EXCESS SPREAD $ 246,588.18
CLASS B INVESTOR DEFAULT AMOUNT 193,000.48
CLASS B REQUIRED AMOUNT 193,000.48
</TABLE>
<PAGE>
07/99 Page 4
<TABLE>
<S> <C>
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
CLASS C MONTHLY SERVICING FEE 35,625.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 1,231,263.71
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 $ 193,000.48
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 370,999.75
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 $ 604,763.48
Excess Spread Applied to Reserve Account $ 0.00
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 $ (0.00)
</TABLE>
<PAGE>
07/99 Page 5
<TABLE>
<S> <C>
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 0.00
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
</TABLE>
<PAGE>
07/99 Page 6
<TABLE>
<S> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 6.92%
Base Rate (Prior Month) 6.72%
Base Rate (Two Months Ago) 7.14%
THREE MONTH AVERAGE BASE RATE 6.93%
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 $ 40,891,420.40
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 $ 40,891,420.40
SHARING
</TABLE>
<PAGE>
07/99 Page 7
<TABLE>
<S> <C>
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 $ 9,000,000.00
Available Cash Collateral Amount $ 9,000,000.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
Exhibit 99.9
07/99 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 August 16, 1999, Distribution Date (referred to
herein as the "Distribution Date"), and with respect to the performance of the
Trust during the July, 1999, 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 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.
<TABLE>
<S> <C> <C>
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 $ 4.7377778
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 $ 4.7377778
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
</TABLE>
<PAGE>
07/99 Page 2
<TABLE>
<S> <C> <C>
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
3 above, per $1,000 original
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 $ 4.9600000
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 $ 4.9600000
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
</TABLE>
<PAGE>
07/99 Page 3
<TABLE>
<S> <C> <C>
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
</TABLE>
First USA Bank, NA,
as Servicer
By: /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
Exhibit 99.10
07/99 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1998-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
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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 II 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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07/99 Page 2
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 $ 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 $ 468,000,000.00
Class B Invested Amount $ 72,000,000.00
Class C Invested Amount $ 60,000,000.00
INVESTED AMOUNT $ 600,000,000.00
Class A Adjusted Invested Amount $ 468,000,000.00
Class B Adjusted Invested Amount $ 72,000,000.00
Class C Adjusted Invested Amount $ 60,000,000.00
ADJUSTED INVESTED AMOUNT $ 600,000,000.00
PREFUNDED AMOUNT $ 0.00
FLOATING ALLOCATION PERCENTAGE 20.20%
PRINCIPAL ALLOCATION PERCENTAGE 20.20%
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 81,782,840.87
</TABLE>
<PAGE>
07/99 Page 3
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COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 8,764,741.34
MONTHLY SERVICING FEE $ 750,000.00
INVESTOR DEFAULT AMOUNT $ 4,541,187.78
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING ALLOCATION PERCENTAGE 78.00%
Class A Finance Charge Collections $ 7,421,498.27
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 7,421,498.27
Class A Monthly Interest $ 2,217,280.00
Class A Servicing Fee $ 585,000.00
Class A Investor Default Amount $ 3,542,126.47
TOTAL CLASS A EXCESS SPREAD $ 1,077,091.80
CLASS A REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE 12.00%
Class B Finance Charge Collections $ 1,141,768.94
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 1,141,768.94
Class B Monthly Interest $ 357,120.00
Class B Servicing Fee $ 90,000.00
TOTAL CLASS B EXCESS SPREAD $ 694,648.94
CLASS B INVESTOR DEFAULT AMOUNT 544,942.53
CLASS B REQUIRED AMOUNT 544,942.53
</TABLE>
<PAGE>
07/99 Page 4
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CLASS C FLOATING ALLOCATION PERCENTAGE 10.00%
CLASS C MONTHLY SERVICING FEE 75,000.00
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,648,214.87
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 $ 544,942.53
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Class C Required Amount $ 783,718.78
Excess Spread Applied to Reductions of
Class C Invested Amount $ 0.00
Excess Spread Applied to Monthly Cash $ 125,000.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to Spread Account $ 1,194,553.56
Excess Spread Applied to Reserve Account $ 0.00
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 $ 0.00
</TABLE>
<PAGE>
07/99 Page 5
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EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 0.00
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
</TABLE>
<PAGE>
07/99 Page 6
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YIELD AND BASE RATE --
Base Rate (Current Month) 6.95%
Base Rate (Prior Month) 6.75%
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 --
TOTAL PRINCIPAL COLLECTIONS $ 81,782,840.87
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 $ 81,782,840.87
SHARING
</TABLE>
<PAGE>
07/99 Page 7
<TABLE>
<S> <C>
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
</TABLE>
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
--------------------
Tracie H. Klein
First Vice President
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