Exhibit 25(a)
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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)
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THE CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
New York 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 Park Avenue
New York, New York 10017
(Address of principal executive offices) (Zip Code)
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
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WELLS FARGO & COMPANY
(Exact name of obligor as specified in its charter)
California 13-2553920
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
444 Market Street
San Francisco, California 94163
(Address of principal executive offices) (Zip Code)
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Senior Debt Securities
(Title of the indenture securities)
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GENERAL
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.
New York State Banking Department, State House, Albany, New York
12110.
Board of Governors of the Federal Reserve System, Washington, D.C.,
20551
Federal Reserve Bank of New York, District No. 2, 33 Liberty Street,
New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(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.
None.
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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, including the Organization Certificate and the Certificates of Amendment
dated February 17, 1969, August 31, 1977, December 31, 1980, September 9, 1982,
February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1
filed in connection with Registration Statement No. 33-50010, which is
incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference).
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form
T-1 filed in connection with Registration Statement No. 333-06249, which is
incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference).
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.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, The Chase Manhattan Bank, 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 August, 1996.
THE CHASE MANHATTAN BANK
By /s/ R. Lorenzen
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R. Lorenzen
Senior Trust Officer
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Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
The Chase Manhattan Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 1996, 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 Millions
Cash and balances due from depository institutions:
Noninterest-bearing balances and
currency and coin .................................... $ 3,391
Interest-bearing balances ............................ 2,075
Securities: ..................
Held to maturity securities............................. 3,607
Available for sale securities........................... 29,029
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 IBF's: Federal funds sold...................... 1,264
Securities purchased under agreements to resell....... 354
Loans and lease financing receivables:
Loans and leases, net of unearned income $ 73,216
Less: Allowance for loan and lease losses 1,854
Less: Allocated transfer risk reserve..... 104
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Loans and leases, net of unearned income,
allowance, and reserve................................ 71,258
Trading Assets.......................................... 25,919
Premises and fixed assets (including capitalized
leases)............................................... 1,337
Other real estate owned................................. 30
Investments in unconsolidated subsidiaries and
associated companies.................................. 187
Customer's liability to this bank on acceptances
outstanding........................................... 1,082
Intangible assets....................................... 419
Other assets............................................ 7,406
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TOTAL ASSETS............................................ $147,358
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LIABILITIES
Deposits
In domestic offices................................... $ 45,786
Noninterest-bearing............................$14,972
Interest-bearing............................... 30,814
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In foreign offices, Edge and Agreement subsidiaries,
and IBF's............................................. 36,550
Noninterest-bearing ............................$ 202
Interest-bearing................................36,348
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Federal funds purchased and securities sold under agree-
ments to repurchase in domestic offices of the bank and
of its Edge and Agreement subsidiaries, and in IBF's
Federal funds purchased.............................. 11,412
Securities sold under agreements to repurchase....... 2,444
Demand notes issued to the U.S. Treasury............... 699
Trading liabilities.................................... 19,998
Other Borrowed money:
With a remaining maturity of one year or less........ 11,305
With a remaining maturity of more than one year...... 130
Mortgage indebtedness and obligations under capitalized
leases............................................... 13
Bank's liability on acceptances executed and outstanding 1,089
Subordinated notes and debentures...................... 3,411
Other liabilities...................................... 6,778
TOTAL LIABILITIES...................................... 139,615
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EQUITY CAPITAL
Common stock........................................... 620
Surplus................................................ 4,664
Undivided profits and capital reserves................. 3,058
Net unrealized holding gains (Losses)
on available-for-sale securities....................... (607)
Cumulative foreign currency translation adjustments.... 8
TOTAL EQUITY CAPITAL................................... 7,743
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TOTAL LIABILITIES, LIMITED-LIFE PREFERRED
STOCK AND EQUITY CAPITAL............................. $147,358
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I, Joseph L. Sclafani, S.V.P. & Controller of the
above-named bank, do hereby declare that this Report of
Condition has been prepared in conformance with the in-
structions issued by the appropriate Federal regulatory
authority and is true to the best of my knowledge and
belief.
JOSEPH L. SCLAFANI
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 in-
structions issued by the appropriate Federal regulatory
authority and is true and correct.
WALTER V. SHIPLEY )
EDWARD D. MILLER )DIRECTORS
THOMAS G. LABRECQUE )
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