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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(AMENDMENT NO. 1)
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 51-0269396
- ------------------------------- ------------------------ ----------------------------
(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
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(Former name, former address and former fiscal year,
if changed since last report)
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<PAGE>
This Amendment No. 1 on Form 8-K/A is being filed solely for the purpose of
filing corrected Exhibits 99.02, 99.04, 99.06, 99.08 and 99.10 which shall
replace Exhibits 99.02, 99.04, 99.06, 99.08 and 99.10 as originally filed with
this 8-K.
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: February 29, 2000
-----------------
<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
- --------------------------------------------------------------------------------
* Previously filed
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)
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
<PAGE>
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 $ 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
<PAGE>
07/99 Page 3
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
<PAGE>
07/99 Page 4
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
<PAGE>
07/99 Page 5
YIELD AND BASE RATE --
Base Rate (Current Month) 7.44%
Base Rate (Prior Month) 7.25%
Base Rate (Two Months Ago) 7.16%
THREE MONTH AVERAGE BASE RATE 7.28%
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
<PAGE>
07/99 Page 6
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
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
-------------------------------
Tracie H. Klein
First Vice President
Exhibit 99.4
07/99 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: $ 2,970,295,835.51
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
<PAGE>
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 $ 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
<PAGE>
07/99 Page 3
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
<PAGE>
07/99 Page 4
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
<PAGE>
07/99 Page 5
YIELD AND BASE RATE --
Base Rate (Current Month) 7.45%
Base Rate (Prior Month) 7.26%
Base Rate (Two Months Ago) 7.17%
THREE MONTH AVERAGE BASE RATE 7.29%
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
<PAGE>
07/99 Page 6
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
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)
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
<PAGE>
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 $ 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
<PAGE>
07/99 Page 3
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
<PAGE>
07/99 Page 4
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
<PAGE>
07/99 Page 5
Excess Finance Charge Collections Applied to
Reductions of Class B Invested Amount $ 0.00
Excess Finance Charge Collections Applied to
Class C Required Amount $ 0.00
Excess Finance Charge Collections Applied to
Reductions of Class C Invested Amount $ 0.00
Excess Finance Charge Collections Applied to
Monthly Cash Collateral Fee $ 0.00
Excess Finance Charge Collections Applied to
other amounts owed Cash Collateral Depositor $ 0.00
Excess Finance Charge Collections Applied to
other amounts owed to Spread Account Residual Interest
Holders $ 0.00
YIELD AND BASE RATE --
Base Rate (Current Month) 7.43%
Base Rate (Prior Month) 7.24%
Base Rate (Two Months Ago) 7.15%
THREE MONTH AVERAGE BASE RATE 7.27%
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
<PAGE>
07/99 Page 6
CLASS A SCHEDULED AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED AMORTIZATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 61,337,130.65
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
CLASS C INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS C CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 13,500,000.00
Available Cash Collateral Amount $ 13,500,000.00
<PAGE>
07/99 Page 7
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ Tracie H. Klein
-------------------------------
Tracie H. Klein
First Vice President
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)
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
<PAGE>
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 $ 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
<PAGE>
07/99 Page 3
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
<PAGE>
07/99 Page 4
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)
<PAGE>
07/99 Page 5
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
<PAGE>
07/99 Page 6
YIELD AND BASE RATE --
Base Rate (Current Month) 7.42%
Base Rate (Prior Month) 7.22%
Base Rate (Two Months Ago) 7.14%
THREE MONTH AVERAGE BASE RATE 7.26%
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
<PAGE>
07/99 Page 7
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
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)
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
<PAGE>
07/99 Page 2
60-89 Days Delinquent $ 45,635,327.96
90+ Days Delinquent $ 98,448,037.86
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 $ 370,500,000.00
Class B Initial Invested Amount $ 57,000,000.00
Class C Initial Invested Amount $ 47,500,000.00
INITIAL INVESTED AMOUNT $ 475,000,000.00
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%
<PAGE>
07/99 Page 3
Class C Principal Allocation Percentage 10.00%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1998-A 81,782,840.87
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
<PAGE>
07/99 Page 4
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
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
<PAGE>
07/99 Page 5
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
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
<PAGE>
07/99 Page 6
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
<PAGE>
07/99 Page 7
YIELD AND BASE RATE --
Base Rate (Current Month) 7.45%
Base Rate (Prior Month) 7.25%
Base Rate (Two Months Ago) 7.17%
THREE MONTH AVERAGE BASE RATE 7.29%
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
<PAGE>
07/99 Page 8
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 81,782,840.87
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 --
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 H. Klein
-------------------------------
Tracie H. Klein
First Vice President
