Collegiate Funding Services Education Loan Trust 2005-A Inactive
Filed: 23 Feb 05, 12:00am
Exhibit 25.1
FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) /___/
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
| New York (State of incorporation if not a U.S. national bank) One Wall Street, New York, N.Y. (Address of principal executive offices) | 13-5160382 (I.R.S. employer identification no.) 10286 (Zip code) |
COLLEGIATE FUNDING SERVICES EDUCATION LOAN TRUST 2005-A
(Issuer of the Notes)
COLLEGIATE FUNDING OF DELAWARE, L.L.C.
(Depositor of the Issuer of the Notes)
(Exact Name of Co-Registrant as specified in its charter)
| Delaware Delaware (State or other jurisdiction of incorporation or organization) 10304 Spotsylvania Avenue, Suite 100 Fredericksburg, Virginia (Address of principal executive offices) | 13-4292117 31-1812121 (I.R.S. employer identification no.) 22408 (Zip code) |
Student Loan Asset-Backed Notes Series 2005-A
(Title of the indenture securities)
| 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. |
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York, N.Y.
New York 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, New York 10005
| (b) | 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. |
| 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 17 C.F.R. 229.10(d). |
| 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 No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits la and lb to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195.) |
| 4. | A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121195.) |
| 6. | The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-106702.) |
| 7. | A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. |
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 State of Florida, on the 23rd day of February, 2005.
| THE BANK OF NEW YORK By: /s/ Tricia Heintz Name: Tricia Heintz Title: Agent |
EXHIBIT 7
Dollar Amounts
ASSETS in Thousands
Cash and balances due from depository
institutions:
Noninterest-bearing balances and currency
and coin........................................................ $3,036,306
Interest-bearing balances......................................... 9,034,655
Securities:
Held-to-maturity securities....................................... 1,693,598
Available-for-sale securities..................................... 20,325,634
Federal funds sold and securities purchased
under agreements to resell........................................
Federal funds sold in domestic offices............................ 19,100
Securities purchased under agreements to
resell............................................................ 4,324,992
Loans and lease financing receivables:
Loans and leases held for sale.................................... 6,685
Loans and leases, net of unearned
income.......................................................... 37,402,355
LESS: Allowance for loan and
lease losses.................................................... 594,211
Loans and leases, net of unearned
income and allowance............................................ 36,808,144
Trading Assets......................................................... 3,420,107
Premises and fixed assets (including
capitalized leases)............................................... 969,419
Other real estate owned................................................ 1,253
Investments in unconsolidated subsidiaries
and associated companies.......................................... 253,729
Customers' liability to this bank on
acceptances outstanding........................................... 166,157
Intangible assets
Goodwill.......................................................... 2,708,882
Other intangible assets........................................... 748,171
Other assets .......................................................... 6,998,625
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Total assets........................................................... $90,515,457
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LIABILITIES
Deposits:
In domestic offices............................................... $40,236,165
Noninterest-bearing............................................... 15,201,748
Interest-bearing.................................................. 25,034,417
In foreign offices, Edge and Agreement
subsidiaries, and IBFs.......................................... 24,100,224
Noninterest-bearing............................................... 300,559
Interest-bearing.................................................. 23,809,665
Federal funds purchased and securities sold
under agreements to repurchase..................................
Federal funds purchased in domestic
offices......................................................... 717,565
Securities sold under agreements to
repurchase...................................................... 812,853
Trading liabilities.................................................... 2,598,442
Other borrowed money:
(includes mortgage indebtedness and
obligations under capitalized leases)............................. 4,158,526
Not applicable
Bank's liability on acceptances executed and
outstanding....................................................... 167,267
Subordinated notes and debentures...................................... 2,389,088
Outer liabilities...................................................... 6,730,454
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Total liabilities...................................................... $81,920,584
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Minority interest in consolidated
subsidiaries 142,058
EQUITY CAPITAL
Perpetual preferred stock and related
surplus........................................................... 0
Common stock........................................................... 1,135,284
Surplus................................................................ 2,087,205
Retained earnings...................................................... 5,213,125
Accumulated other comprehensive income................................. 17,201
Other equity capital components........................................ 0
Total equity capital................................................... 8,452,815
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Total liabilities, minority interest, and equity
capital .......................................................... $90,515,457
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I, Thomas J. Mastro, Senior Vice President and Comptroller 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.
| Thomas J. Mastro, Senior Vice President and Comptroller |
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.
| Thomas A. Renyi Gerald L. Hassell Alan R. Griffith | Directors |