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
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2) (3)___(3)
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
13-5160382
(I.R.S. employer identification no.)
48 Wall Street, New York, New York 10286
(Address of principal executive offices) (Zip Code)
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The Bank of New York
10161 Centurion Parkway
Towermarc Plaza, 2nd Floor
Jacksonville, Florida 32256
Attn: Ms. Sandra Carreker
(904) 998-4716
(Name, address and telephone number of agent for service)
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NATIONSBANK CORPORATION
(Exact name of obligor as specified in its charter)
North Carolina 56-0906609
State or other jurisdiction of (IRS employer
incorporation or organization identification no.)
NationsBank Corporate Center, Charlotte, North Carolina 28255 (Address of
principal executive offices) (Zip code)
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Debt Securities
(Title of the indenture securities)
1. General Information.
Furnish the following information as to the trustee--
Name and address of each examining or supervising authority
to which it is subject.
Superintendent of Banks of the State of New York
2 Rector Street
New York, N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York
33 Liberty Plaza
New York, N.Y. 10045
Federal Deposit Insurance Corporation
Washington, D.C. 20429
New York Clearing House Association
New York, N.Y.
Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None. (See Note on page 3.)
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are
incorporated herein by reference as an exhibit hereto, pursuant to Rule
7a-29 under the Trust Indenture Act of 1939 (the "Act") and Rule 24 of the
Commission's Rules of Practice.
(1) A copy of the Organization Certificate of The Bank of New York (formerly
Irving Trust Company) as now in effect, which contains the authority to
commence business and a grant of powers to exercise corporate trust powers.
(Exhibit 1 to Amendment 1 to Form T-1 filed with Registration Statement No.
33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement
No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No.
33-29637.)
(4) A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
(6) The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration No. 33-44051.)
(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.
NOTE
Inasmuch as this Form T-1 is filed prior to the ascertainment by the Trustee of
all facts on which to base a responsive answer to Item 2, the answer to said
Item is based on incomplete information.
Item 2 may, however, be considered as correct unless amended by an amendment to
this Form T-1.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, 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 Jacksonville
and the State of Florida, on the 15th day of April, 1998.
THE BANK OF NEW YORK
By: /s/ Heidi Van Horn-Bash
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Heidi Van Horn-Bash, Agent
EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture
Act of 1939, in connection with the proposed issuance of NationsBank Corporation
Debt Securities, The Bank of New York hereby consents that reports of
examinations by Federal, State, Territorial or District Authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
THE BANK OF NEW YORK
By: /s/ Heidi Van Horn-Bash
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Heidi Van Horn-Bash, Agent
EXHIBIT 7 TO FORM T-1
Consolidated Report of Condition of
THE BANK OF NEW YORK
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries, a member of the Federal Reserve
System, at the close of business December 31, 1997, 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
ASSETS in Thousands
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Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin ............................................. $ 5,742,986
Interest-bearing balances ........................................... 1,342,769
Securities:
Held-to-maturity securities ......................................... 1,099,736
Available-for-sale securities ....................................... 3,882,686
Federal funds sold and securities
purchased under agreements to resell ................................ 2,568,530
Loans and lease financing receivables:
Loans and leases,
net of unearned income ................................ 35,019,808
LESS: Allowance for loan and
lease losses .......................................... 627,250
LESS: Allocated transfer
risk reserve .......................................... 0
Loans and leases, net of unearned
income and allowance and reserve ...................... 34,392,258
Assets held in trading accounts .............................................. 2,521,451
Premises and fixed assets (including
capitalized leases) ................................................. 659,209
Other real estate owned ...................................................... 11,992
Investments in unconsolidated
subsidiaries and associated
companies ........................................................... 226,263
Customers' liability to this bank
on acceptances outstanding .......................................... 1,187,449
Intangible assets ............................................................ 781,684
Other assets ................................................................. 1,736,574
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Total assets ................................................................. $56,153,587
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LIABILITIES
Deposits:
In domestic offices ................................................. $27,031,362
Noninterest-bearing ..................................... 11,899,507
Interest-bearing ........................................ 15,131,855
In foreign offices, Edge and
Agreement subsidiaries, and IBFs .................................. 13,794,449
Noninterest-bearing ..................................... 590,889
Interest-bearing ........................................ 13,203,450
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 IBFs:
Federal funds purchased............................................... 2,338,881
Demand notes issued to the
U.S. Treasury ....................................................... 173,851
Trading liabilities .......................................................... 1,695,216
Other borrowed money:
With remaining maturity of one year
or less ........................................................... 1,905,330
With remaining maturity of more
than one year through three years ................................. 0
With remaining maturity of more
than three years .................................................. 25,664
Bank's liability on acceptances
executed and outstanding .......................................... 1,195,923
Subordinated notes and debentures ............................................ 1,012,940
Other liabilities ............................................................ 2,018,960
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Total liabilities ............................................................ 51,192,576
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EQUITY CAPITAL
Common stock ................................................................. 1,135,284
Surplus ...................................................................... 731,319
Undivided profits and capital
reserves ............................................................ 3,093,726
Net unrealized holding gains (losses)
on available-for-sale securities .................................... 36,866
Cumulative foreign currency
translation adjustments ............................................. (36,184)
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Total equity capital ......................................................... 4,961,011
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Total liabilities and equity capital ......................................... $56,153,587
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