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EXHIBIT 99.02
Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
Series 1994-5
RECEIVABLES
Beginning of the Month Principal Receivables: $ 1,097,531,558.70
Beginning of the Month Finance Charge Receivables: $ 56,711,481.18
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 1,154,243,039.88
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: $ 1,089,754,167.03
End of the Month Finance Charge Receivables: $ 55,569,062.66
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 1,145,323,229.69
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 172,687,500.00
End of the Month Seller Amount $ 917,066,667.03
End of the Month Seller Percentage 84.15%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 23,118,183.38
60-89 Days Delinquent $ 15,593,144.69
90+ Days Delinquent $ 32,976,252.30
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Total 30+ Days Delinquent $ 71,687,580.37
Delinquent Percentage 6.26%
Defaulted Accounts During the Month $ 9,958,614.89
Annualized Default Percentage 10.89%
Principal Collections 133,796,834.38
Principal Payment Rate 12.19%
Total Payment Rate 13.14%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 230,000,000.00
Class B Initial Invested Amount $ 20,000,000.00
INITIAL INVESTED AMOUNT $ 250,000,000.00
Class A Invested Amount $ 0.00
Class B Invested Amount $ 28,000,000.00
INVESTED AMOUNT $ 28,000,000.00
FLOATING ALLOCATION PERCENTAGE 2.55%
PRINCIPAL ALLOCATION PERCENTAGE 31.89%
MONTHLY SERVICING FEE $ 35,000.00
INVESTOR DEFAULT AMOUNT $ 254,064.19
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 0.00%
Class A Finance Charge Collections $ 0.00
Other Amounts $ 0.00
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TOTAL CLASS A AVAILABLE FUNDS $ 0.00
Class A Monthly Interest $ 0.00
Class A Servicing Fee $ 0.00
Class A Investor Default Amount $ 0.00
TOTAL CLASS A EXCESS SPREAD $ 0.00
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 100.00%
Class B Finance Charge Collections $ 491,126.92
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 491,126.92
Class B Monthly Interest $ 167,391.39
Class B Servicing Fee $ 35,000.00
TOTAL CLASS B EXCESS SPREAD $ 288,735.53
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 288,735.53
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 $ 254,064.19
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 0.00
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 34,671.34
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 567,208.49
SERIES 1994-5 EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1994-5
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
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YIELD AND BASE RATE --
Base Rate (Current Month) 8.94%
Base Rate (Prior Month) 6.33%
Base Rate (Two Months Ago) 6.73%
THREE MONTH AVERAGE BASE RATE 7.33%
Portfolio Yield (Current Month) 10.16%
Portfolio Yield (Prior Month) 11.63%
Portfolio Yield (Two Months Ago) 15.11%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.30%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 39,254,016.38
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,413,392.72
TOTAL PRINCIPAL COLLECTIONS $ 42,667,409.10
INVESTOR DEFAULT AMOUNT $ 254,064.19
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
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CLASS B AMORTIZATION --
Controlled Amortization Amount $ 14,000,000.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 14,000,000.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR $ 28,921,473.29
PRINCIPAL 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 $ 3,500,000.00
Available Cash Collateral Amount $ 3,500,000.00
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, National Association,
as Servicer
By: /s/ Tracie Klein
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Tracie H. Klein
First Vice President
