Item 1 Business
Not Applicable
Item 2
Item 2 Properties
Not Applicable
Item 3
Item 3 Legal Proceedings
None
Item 4
Item 4 Submission Of Matters To A Vote Of Security Holders
None
Part II
Item 5
Item 5 Market For Registrant's Common Equity And Related Stockholder Matters
Each of the Certificates, representing investors' interests in the Trust, are represented by a single certificate registered in the name of Cede & Co., the nominee of The Depository Trust Company.
To the best knowledge of the Registrant, there is no established public trading market for the Certificates.
Item 6
Item 6 Selected Financial Data
Not Applicable
Item 7
Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations
Not Applicable
Item 8
Item 8 Financial Statements and Supplementary Data
Not Applicable
Item 9
Item 9 Changes In And Disagreements With Accountants On Accounting and Financial Disclosure
None
Part III
Item 10
Item 10 Directors and Executive Officers of the Registrant
Not Applicable
Item 11
Item 11 Executive Compensation
Not Applicable
Item 12
Item 12 Security Ownership Of Certain Beneficial Owners and Management
Each of the Certificates, representing investor's interests in the Trust, are represented by a single certificate registered in the name of Cede & Co., the nominee of the Depository Trust Company("DTC"), and an investor holding an interest in the Trust is not entitled to receive a Certificate representing such intere except in certain limited circumstances. Accordingly, Cede & Co is the sole holder of record of the Certificates, which it held behalf of approximately 40 brokers, dealers, banks and other direct participants in the DTC system at December 31, 1996. Such direct participants may hold Certificates for their own accounts or for the accounts of their customers. The following table sets forth, with respect to each of the Certificates, the identity of each direct DTC participant that holds positions in such Certificate in excess of 5% of the outstanding principal amount thereof at December 31, 1996.
$368,000,000 1995-A Class A Certificates Aggregate Amount of Percent of Name Certificates Held Class Chase Manhattan Bank, N.A. $96,000,000 26.1% The Dai-Ichi Kangyo Bank Limited $20,000,000 5.4% First National Bank of Chicago $50,000,000 13.6% Fuji Bank and Trust Company $120,000,000 32.6% Morgan (J.P.) Securities Inc. $38,200,000 10.4%
$32,000,000 1995-A Class B Certificates Aggregate Amount of Percent of Name Certificates Held Class First National Bank of Chicago $32,000,000 100.0%
$368,000,000 1995-C Class A Certificates Aggregate Amount of Percent of Name Certificates Held Class Bank of New York $36,000,000 9.8% Boston Safe Deposit & Trust Co. $31,000,000 8.4% Chase Manhattan Bank, N.A. $80,000,000 21.7% Chase Manhattan Bank/Chemical $30,000,000 8.2% First National Bank of Chicago $49,500,000 13.5% Harris Trust & Savings Bank $20,000,000 5.4% Swiss American Securities, Inc. $36,500,000 9.9% Citibank, N.A. $45,000,000 12.2%
$32,000,000 1995-C Class B Certificates Aggregate Amount of Percent of Name Certificates Held Class Chase Securities Inc. $14,000,000 43.8% First National Bank of Chicago $18,000,000 56.3%
$369,000,000 1996-A Class A Certificates Aggregate Amount of Percent of Name Certificates Held Class Chase Manhattan Bank, N.A. $119,000,000 32.2% French American Banking Corp. $25,000,000 6.8% Investors Bank & Trust/ M.F. Custody $35,000,000 9.5% Morgan Stanley & Co. $24,000,000 6.5% Goldman, Sachs & Co. $117,000,000 31.7%
$38,250,000 1996-A Class B Certificates Aggregate Amount of Percent of Name Certificates Held Class Bankers Trust Company $19,000,000 49.7% Chase Mahattan Bank/ Chemical $14,250,000 37.3% Citibank, N.A. $5,000,000 13.1%
$246,000,000 1996-C Class A Certificates Aggregate Amount of Percent of Name Certificates Held Class Bankers Trust Company $91,000,000 37.0% Chase Manhattan Bank $60,000,000 24.4% First National Bank of Chicago $25,000,000 10.2% Northern Trust Company $15,000,000 6.1% The Sanwa Bank Limited $117,000,000 47.6%
$25,500,000 1996-C Class B Certificates Aggregate Amount of Percent of Name Certificates Held Class Bankers Trust Company $20,500,000 80.4% Citibank, N.A. $5,000,000 19.6%
The address of each of the above participants is:
C/O The Depository Trust Company 7 Hanover Square, 22nd Floor New York, NY 10004
Item 13
Item 13 Certain Relationships and Related Transactions
None
Part IV
Item 14
Item 14 Exhibits, Financial Statement Schedules and Reports On Form 10-K
(a) The following documents are filed as part of this Report:
i) Summary of annual distributions on the Certificates to Certificateholders for the year ended December 31, 1996
ii) Annual Accountant's Report dated October 20, 1996 and related Report of Management dated October 20, 1996 relating to sufficiency of accounting controls
No proxy soliciting material has been distributed by the Trust.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Chevy Chase Master Credit Card Trust II By: Chevy Chase Bank, F.S.B. As Seller and Servicer
Joel A. Friedman Date: 03/31/97 By: ________________________________________ Joel A. Friedman Senior Vice President and Controller