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FORM T-1 | |
New York | 13-5160382 |
One Wall Street, New York, N.Y | 10286 |
POTOMAC ELECTRIC POWER COMPANY | |
District of Columbia |
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701 Ninth Street, N.W. | 20068 |
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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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Superintendent of Banks of the State of | 2 Rector Street, New York, | |
Federal Reserve Bank of New York | 33 Liberty Plaza, New York, | |
Federal Deposit Insurance Corporation | 550 17th Street, N.W. | |
New York Clearing House Association | New York, New York 10005 |
(b) Whether it is authorized to exercise corporate trust powers. | ||
2. | Affiliations with Obligor. | |
16. | List of Exhibits. | |
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 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 Statement No. 33-44051.) | |
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 New York, and State of New York, on the 9th day of June, 2003. | |
THE BANK OF NEW YORK |
EXHIBIT 7 | |
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Consolidated Report of Condition of | |
a member of the Federal Reserve System, at the close of business March 31, 2003, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act. | |
ASSETS | Dollar Amounts |
Cash and balances due from depository institutions: | |
Noninterest-bearing balances and currency and coin | $ 4,389,492 |
Interest-bearing balances | 3,288,212 |
Securities: | |
Held-to-maturity securities | 654,763 |
Available-for-sale securities | 17,626,360 |
Federal funds sold in domestic offices | 1,759,600 |
Securities purchased under agreements to resell | 911,600 |
Loans and lease financing receivables: | |
Loans and leases held for sale | 724,074 |
Loans and leases, net of unearned | |
LESS: Allowance for loan and | |
Loans and leases, net of unearned | |
Trading Assets | 7,527,662 |
Premises and fixed assets (including capitalized leases) | 825,706 |
Other real estate owned | 164 |
Investments in unconsolidated subsidiaries and associated companies | 260,940 |
Customers' liability to this bank on acceptances outstanding | 225,935 |
Intangible assets | |
Goodwill | 2,027,675 |
Other intangible assets | 75,330 |
Other assets | 4,843,295 |
Total assets | $76,683,021 |
LIABILITIES | |
Deposits: | |
In domestic offices | $33,212,852 |
Noninterest-bearing 12,997,086 | |
Interest-bearing 20,215,766 | |
In foreign offices, Edge and Agreement subsidiaries, and IBFs | 24,210,507 |
Noninterest-bearing 595,520 | |
Interest-bearing 23,614,987 | |
Federal funds purchased in domestic | 375,322 |
Securities sold under agreements to repurchase | 246,755 |
Trading liabilities | 2,335,466 |
Other borrowed money: | 959,997 |
Bank's liability on acceptances executed and outstanding | 227,253 |
Subordinated notes and debentures | 2,090,000 |
Other liabilities | 5,716,796 |
Total liabilities | $69,374,948 |
Minority interest in consolidated subsidiaries. | 540,772 |
EQUITY CAPITAL | |
Perpetual preferred stock and related | 0 |
Common stock | 1,135,284 |
Surplus | 1,056,295 |
Retained earnings | 4,463,720 |
Accumulated other comprehensive income | (112,002) |
Other equity capital components | 0 |
Total equity capital | 6,767,301 |
Total liabilities minority interest and equity capital | $76,683,021 |
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Thomas J. Mastro, | |
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 |
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