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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) |__|
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
(Exact name of obligor as specified in its charter)
United States 22-2382028
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
802 Delaware Avenue
Wilmington, Delaware 19801
(Address of principal executive offices) (Zip code)
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Class A Floating Rate Asset Backed Notes, Series 2000-2
Class B Floating Rate Asset Backed Notes, Series 2000-2
Class C Floating Rate Asset Backed Notes, Series 2000-2
(Title of the indenture securities)
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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.
Name Address
Superintendent of Banks of the 2 Rector Street, New York, N.Y.
State of 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 Washington, D.C. 20429
Corporation
New York Clearing House New York, New York 10005
Association
(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 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.)
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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.
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.
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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 13th day of April, 2000.
THE BANK OF NEW YORK
By: /S/ Michael Culhane
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Name: Michael Culhane
Title: Assistant Vice President
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business
September 30, 1999, published in accordance with a call made by the
Federal Reserve Bank of this District pursuant to the provisions of the
Federal Reserve Act.
[CAPTION]
Dollar Amounts
In Thousands
[S] [C]
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin $6,394,412
Interest-bearing balances . . . . . . . . . . . . 3,966,749
Securities:
Held-to-maturity securities . . . . . . . . . . . 805,227
Available-for-sale securities . . . . . . . . . . 4,152,260
Federal funds sold and Securities purchased under 1,449,439
agreements to resell . . . . . . . . . . . . . . . .
Loans and lease financing receivables:
Loans and leases, net of unearned income 37,900,739
LESS: Allowance for loan and lease losses 572,761
LESS: Allocated transfer risk reserve 11,754
Loans and leases, net of unearned income, 37,316,224
allowance, and reserve . . . . . . . . . . . . .
Trading Assets . . . . . . . . . . . . . . . . . . . . 1,646,634
Premises and fixed assets (including capitalized 678,439
leases) . . . . . . . . . . . . . . . . . . . . . . .
Other real estate owned . . . . . . . . . . . . . . . . 11,571
Investments in unconsolidated subsidiaries and 183,038
associated companies . . . . . . . . . . . . . . . .
Customers' liability to this bank on acceptances 349,282
outstanding . . . . . . . . . . . . . . . . . . . . .
Intangible assets . . . . . . . . . . . . . . . . . . . 790,558
Other assets . . . . . . . . . . . . . . . . . . . . . 2,498,658
Total assets . . . . . . . . . . . . . . . . . . . . . $60,242,491
LIABILITIES
Deposits:
In domestic offices . . . . . . . . . . . . . . . $26,030,231
Noninterest-bearing . . . . . . . . . . . . . . . 11,348,986
Interest-bearing . . . . . . . . . . . . . . . . 14,681,245
In foreign offices, Edge and Agreement 18,530,950
subsidiaries, and IBFs . . . . . . . . . . . . .
Noninterest-bearing . . . . . . . . . . . . . . . 156,624
Interest-bearing . . . . . . . . . . . . . . . . 18,374,326
Federal funds purchased and Securities sold under 2,094,678
agreements to repurchase . . . . . . . . . . . . . .
Demand notes issued to the U.S. Treasury . . . . . . . 232,459
Trading liabilities . . . . . . . . . . . . . . . . . . 2,081,462
Other borrowed money:
With remaining maturity of one year or less . . . 863,201
With remaining maturity of more than one year 449
through three years . . . . . . . . . . . . . . .
With remaining maturity of more than three years 31,080
Bank's liability on acceptances executed and 351,286
outstanding . . . . . . . . . . . . . . . . . . . . .
Subordinated notes and debentures . . . . . . . . . . . 1,308,000
Other liabilities . . . . . . . . . . . . . . . . . . . 3,055,031
Total liabilities . . . . . . . . . . . . . . . . . . . 54,578,827
EQUITY CAPITAL
Common stock . . . . . . . . . . . . . . . . . . . . . 1,135,284
Surplus . . . . . . . . . . . . . . . . . . . . . . . . 815,314
Undivided profits and capital reserves . . . . . . . . 3,759,164
Net unrealized holding gains (losses) on available- (15,440)
for-sale securities . . . . . . . . . . . . . . . . .
Cumulative foreign currency translation adjustments . . (30,658)
Total equity capital . . . . . . . . . . . . . . . . . 5,663,664
Total liabilities and equity capital . . . . . . . . . $60,242,491
I, Thomas J. Mastro, Senior Vice President and Comptroller of
the above-named bank do hereby declare that this Report of Condition has
been prepared in conformance with the instructions issued by the Board of
Governors of the Federal Reserve System and is true to the best of my
knowledge and belief.
Thomas J. Mastro
We, the undersigned directors, attest to the correctness of this
Report of Condition and 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 issued by the Board of Governors of the Federal
Reserve System and is true and correct.
Thomas A. Reyni Directors
Alan R. Griffith
Gerald L. Hassell