EXHIBIT 25.1
Securities Act of 1933 File No. _______________
(If application to determine eligibility of trustee
for delayed offering pursuant to Section 305(b)(2))
______________________________________________________________________
____________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
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) __________
____________________
THE CHASE MANHATTAN BANK
(National Association)
(Exact name of trustee as specified in its charter)
13-2633612
(I.R.S. Employer Identification Number)
1 Chase Manhattan Plaza, New York, New York
(Address of principal executive offices)
10081
(Zip Code)
____________________
NEWELL CO.
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
36-3514169
(I.R.S. Employer Identification No.)
Newell Center
29 East Stephenson Street
Freeport, Illinois
(Address of principal executive offices)
61032
(Zip Code)
______________________________
Unsubordinated Debt Securities
(Title of the indenture securities)
______________________________________________________________________
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.
Comptroller of the Currency, Washington, D.C.
Board of Governors of The Federal Reserve System,
Washington, D.C.
(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.
The Trustee is not the obligor, nor is the Trustee
directly or indirectly controlling, controlled by, or
under common control with the obligor.
(See Note on Page 2.)
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. See Exhibit T-1 (Item
12), Registration No. 33-55626.)
<*>2.-- Copies of the respective authorizations of The
Chase Manhattan Bank (National Association) and
the Chase Bank of New York (National Association)
to commence business and a copy of approval of
merger of said corporations, all of which
documents are still in effect. (See Exhibit T-1
(Item 12), Registration No. 2-67437.)
<*>3.-- Copies of authorizations of The Chase Manhattan
Bank (National Association) to exercise corporate
- ---------------------
<*>The Exhibits thus designated are incorporated herein by
reference. Following the description of such Exhibits is a reference
to the copy of the Exhibit heretofore filed with the Securities and
Exchange Commission, to which there have been no amendments or
changes.
1
trust powers, both of which documents are still in
effect. (See Exhibit T-1 (Item 12), Registration
No. 2-67437.)
<*>4.-- A copy of the existing by-laws of the trustee.
(See Exhibit T-1 (Item 12(a)), Registration No.
33-60809.)
<*>5.-- A copy of each indenture referred to in Item 4, if
the obligor is in default. (Not applicable).
<*>6.-- The consents of United States institutional
trustees required by Section 321(b) of the Act.
(See Exhibit T-1, (Item 12), Registration No. 22-
19019.)
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 Trust Indenture Act of 1939,
the trustee, The Chase Manhattan Bank (National Association), a
corporation organized and existing under the laws of the United States
of America, 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 the State of New York, on the 15th day of
December, 1995.
THE CHASE MANHATTAN BANK
(NATIONAL ASSOCIATION)
By:______________________________
Joann Adamis
Second Vice President
2
Exhibit 7
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries of the
The Chase Manhattan Bank, N.A.
of New York in the State of New York, at the close of business on
September 30, 1995, published in response to call made by Comptroller
of the Currency, under title 12, United States Code, Section 161.
Charter Number 2370 Comptroller of the Currency Northeastern District
Statement of Resources and Liabilities
Thousands
ASSETS of Dollars
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin . . . . . . . . . . . . . . . . $ 5,081,000
Interest-bearing balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,957,000
Held to maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,678,000
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,303,000
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 IBFs:
Federal funds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,806,000
Securities purchased under agreements to resell . . . . . . . . . . . . . . . . . 23,000
Loans and lease financing receivable:
Loans and leases, net of unearned income . . . . . . . . . . . . . . . $ 55,682,000
LESS: Allowance for loans and lease losses . . . . . . . . . . . . . . . 1,112,000
LESS: Allocated transfer risk reserve . . . . . . . . . . . . . . . . . . . . . 0
____________
Loans and Leases, net of unearned income, allowance and reserve . . . . . . . . . 54,570,000
Assets held in trading accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,551,000
Premises and fixed assets (including capitalized leases) . . . . . . . . . . . . . . . . . 1,755,000
Other real estate owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000
Investments in unconsolidated subsidiaries and associates companies . . . . . . . . . . . . 30,000
Customers' liability to this bank on acceptances outstanding . . . . . . . . . . . . . . . 1,091,000
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,344,000
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,322,000
_________
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $97,911,000
___________
LIABILITIES
Deposits:
In domestic offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $31,007,000
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . $ 12,166,000
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . 18,841,000
____________
In foreign offices, Edge and Agreement subsidiaries, and IBFs . . . . . . . . . . 36,015,000
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . $ 3,258,000
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . 32,757,000
____________
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,673,000
Securities sold under agreements to repurchase . . . . . . . . . . . . . . . . . . 233,000
Demand notes issued to the U.S. Treasury . . . . . . . . . . . . . . . . . . . . . . . . . 25,000
Trading liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,105,000
Other borrowed money:
With original maturity of one year or less . . . . . . . . . . . . . . . . . . . . 2,783,000
With original maturity of more than one year . . . . . . . . . . . . . . . . . . . 395,000
Mortgage indebtedness and obligations under capitalized leases . . . . . . . . . . . . . . 40,000
Bank's liability on acceptances executed and outstanding . . . . . . . . . . . . . . . . . 1,100,000
Subordinated notes and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,960,000
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,747,000
_________
TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90,083,000
__________
Limited-life preferred stock and related surplus . . . . . . . . . . . . . . . . . . . . . 0
EQUITY CAPITAL
Perpetual preferred stock and related surplus . . . . . . . . . . . . . . . . . . . . . . . 0
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 921,000
Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,244,000
Undivided profits and capital reserves . . . . . . . . . . . . . . . . . . . . . . . . . . 1,695,000
Net unrealized holdings gains (losses) on available-for-sale securities . . . . . . . . . . (43,000)
Cumulative foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . 11,000
______
TOTAL EQUITY CAPITAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,828,000
_________
TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK, AND EQUITY CAPITAL . . . . . . . . . . . . $97,911,000
___________
I, Lester J. Stephens, Jr., Senior Vice President and 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.
(Signed) Lester J. Stephens, Jr.
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.
(Signed) Thomas G. Labrecque
(Signed) Arthur F. Ryan Directors
(Signed) Richard J. Boyle