EXHIBIT 25(a)
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)
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CHEMICAL BANK
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
NEW YORK 13-4994650
(STATE OF INCORPORATION IF NOT A (I.R.S. EMPLOYER IDENTIFICATION NO.)
NATIONAL BANK)
270 PARK AVENUE
NEW YORK, NEW YORK 10017
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICES)
WILLIAM H. MCDAVID
GENERAL COUNSEL
270 PARK AVENUE
NEW YORK, NEW YORK 10017
TEL: (212) 270-2611
(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
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MERRILL LYNCH & CO., INC.
(EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)
DELAWARE 13-2740599
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
WORLD FINANCIAL CENTER, NORTH TOWER
NEW YORK, NEW YORK 10281-1334
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICES)
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SENIOR DEBT SECURITIES
SUBORDINATED DEBT SECURITIES
(TITLE OF THE INDENTURE SECURITIES)
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GENERAL
ITEM 1. GENERAL INFORMATION.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority to which it
is subject. New York State Banking Department, State House, Albany, New York
12110.
Board of Governors of the Federal Reserve System, Washington, D.C., 20551 and
Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York,
N.Y.
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
ITEM 16. LIST OF EXHIBITS
List below all exhibits filed as a part of this Statement of Eligibility.
1. A copy of the Articles of Association of the Trustee as now in
effect, including the Organization Certificate and the Certificates of
Amendment dated February 17, 1969, August 31, 1977, December 31, 1980,
September 9, 1982, February 28, 1985 and December 2, 1991 (see Exhibit 1 to
Form T-1 filed in connection with Registration Statement No. 33-50010,
which is incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference).
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form
T-1 filed in connection with Registration Statement No. 33-46892, which is
incorporated by reference).
6. The consent of the Trustee required by Section 321(b) of the Act (see
Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference).
7. A copy of the latest report of condition of the Trustee, published
pursuant to law or the requirements of its supervising or examining
authority.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee,
Chemical Bank, a corporation organized and existing under the laws of the State
of New York, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of New
York and State of New York, on the 15th day of February 1994.
Chemical Bank
/s/ W. B. Dodge
By __________________________________
W. B. DODGE
VICE PRESIDENT
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EXHIBIT 7 TO FORM T-1
BANK CALL NOTICE
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
CHEMICAL BANK
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business September 30, 1993, published in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
DOLLAR AMOUNTS
IN MILLIONS
ASSETS --------------
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin........... $ 5,291
Interest-bearing balances.................................... 4,658
Securities..................................................... 20,620
Federal Funds sold and securities purchased under agreements to
resell in domestic offices of the bank and of its Edge and
Agreement subsidiaries, and in IBF's:
Federal funds sold........................................... 1,706
Securities purchased under agreements to resell.............. 434
Loans and lease financing receivables:
Loans and leases, net of unearned income............. $63,249
Less: Allowance for loan and lease losses............ 2,197
Less: Allocated transfer risk reserve................ 181
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Loans and leases, net of unearned income, allowance, and re-
serve....................................................... 60,871
Assets held in trading accounts................................ 6,747
Premises and fixed assets (including capitalized leases)....... 1,132
Other real estate owned........................................ 786
Investments in unconsolidated subsidiaries and associated com-
panies........................................................ 116
Customer's liability to this bank on acceptance outstanding.... 1,231
Intangible assets.............................................. 504
Other assets................................................... 6,894
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Total Assets............................................... $110,990
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DOLLAR AMOUNTS
IN MILLIONS
LIABILITIES --------------
Deposits
In domestic offices .......................................... $ 50,535
Noninterest-bearing .................................. $17,241
Interest-bearing ..................................... 33,294
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In foreign offices, Edge and Agreement subsidiaries, and
IBF's........................................................ 23,545
Noninterest-bearing .................................. $ 136
Interest-bearing .................................... 23,409
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Federal funds purchased and securities sold under agreements to
repurchase in domestic offices of the bank and of its Edge and
Agreement subsidiaries, and in IBF's Federal funds purchased... 9,006
Securities sold under agreements to repurchase.................. 685
Demand notes issued to the U.S. Treasury........................ 1,502
Other Borrowed money............................................ 8,152
Mortgage indebtedness and obligations under capitalized leases.. 18
Bank's liability on acceptances executed and outstanding........ 1,249
Subordinated notes and debentures............................... 3,350
Other liabilities............................................... 5,267
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Total Liabilities........................................... 103,309
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EQUITY CAPITAL
Common stock.................................................... 620
Surplus......................................................... 4,501
Undivided profits and capital reserves.......................... 2,565
Cumulative foreign currency translation adjustments............. (5)
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Total Equity Capital........................................ 7,681
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Total Liabilities, Limited-Life Preferred Stock and Equity
Capital.................................................... $110,990
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I, Joseph L. Sclafani, S.V.P. & Controller of the above-named bank, do hereby
declare that this Report of Condition is true and correct to the best of my
knowledge and belief.
Joseph L. Sclafani
We, the undersigned directors, attest to the correctness of this statement of
resources and liabilities. We declare that it has been examined by us, and to
the best of our knowledge and belief has been prepared in conformance with the
instructions and is true and correct.
John F. McGillicuddy
Walter V. Shipley Directors
Edward D. Miller
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