Exhibit 25.4
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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) | X |
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Citibank, N.A.
A National Banking Association 13-5266470
(I.R.S. employer
identification no.)
111 Wall Street, 14th Floor, New York, New York 10005
(Address of principal executive offices) (Zip code)
Citibank, N.A.
111 Wall Street, 14th Floor
New York, New York 10005
Attn: Jennifer Cupo (212) 657-2183
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DAIMLERCHRYSLER AUTO TRUST 2004-C
(Exact name of obligor as specified in its charter)
Delaware Applied for
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
c/o Chase Manhattan Bank USA, N.A., as Owner Trustee
c/o JP Morgan Chase
500 Stanton Christiana Rd., Fl 3 / OPS4
Newark, DE 19713 19713
(Address of principal executive offices) (Zip code)
Asset Backed Notes
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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.
Comptroller of Currency, Washington, D.C.;
Federal Deposit Insurance Corporation,
Washington, D.C.; The Board of Governors of
the Federal Reserve System, Washington D.C.
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
No such affiliation exists with the trustee.
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 articles of association of the trustee now in
effect (Exhibit 1 to T-1 to Registration Statement No. 2-79983).
2. A copy of the certificates of authority of the trustee to
commence business (Exhibit 2 to T-1 to Registration Statement
No. 2-29577).
3. A copy of the authorization of the trustee to exercise
corporate trust powers (Exhibit 3 to T-1 to Registration
Statement No. 2-55519).
4. A copy of the existing by-laws of the trustee (Exhibit 4 to T-1
to Registration Statement No. 33-34988).
5. Not Applicable.
6. The consent of the trustee required by Section 321(b) of the
Act (Exhibit 6 to T-1 to Registration Statement No. 33-19227).
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.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended,
the trustee, Citibank, N.A., a national banking association 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 State of New York,
on the 17th day of November, 2004.
CITIBANK, N.A.
By: /s/ John Hannon
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Name: John Hannon
Title: Associate
Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATING
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
Citibank, N.A. of New York in the State of New York, at the close of business
on June 30 2004, published in response to call made by Comptroller of the
Currency, under Title 12, United States Code, Section 161. Charter Number 1461
Comptroller of the Currency Northeastern District.
ASSETS Thousands of dollars
Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin . . . . . . . . . $16,044,000
Interest-bearing balances . . . . . . . . . . . 23,432,000
Held-to-maturity securities . . . . . . . . . . 47,000
Available-for-sale securities . . . . . . . . . 103,279,000
Federal funds sold in domestic
Offices 267,000
Federal funds sold and
securities purchased under
agreements to resell. . . . . . . . . . 12,356,000
Loans and leases held for sale . . . . . . . . . 6,397,000
Loans and lease financing
receivables:
Loans and Leases, net of
unearned income . . . . . . . . . . . . 359,136,000
LESS: Allowance for loan and lease
losses . . . . . . . . . . . . . . . . 8,966,000
Loans and leases, net of unearned
income, allowance, and reserve. . . . . 350,170,000
Trading assets . . . . . . . . . . . . . . . . . 79,265,000
Premises and fixed assets
(including capitalized leases) . . . . 4,074,000
Other real estate owned . . . . . . . . . . . . 69,000
Investments in unconsolidated
subsidiaries and associated
companies . . . . . . . . . . . . . . . 415,000
Customers' liability to this bank
on acceptances outstanding . . . . . . 1,507,000
Intangible assets: Goodwill . . . . . . . . . . 8,787,000
Intangible assets: Other intangible
assets . . . . . . . . . . . . . . . . 9,682,000
Other assets . . . . . . . . . . . . . . . . . . 32,452,000
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TOTAL ASSETS . . . . . . . . . . . . . . . . . . $684,243,000
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LIABILITIES
Deposits: In domestic offices . . . . . . . . . $119,505,000
Noninterest- bearing . . . . . . . . . . . . . . 22,893,000
Interest- bearing . . . . . . . . . . . . . . . 96,612,000
In foreign offices, Edge and
Agreement subsidiaries,
and IBFs . . . . . . . . . . . . . . . 307,390,000
Noninterest- bearing . . . . . . . . . . . . . . 22,639,000
Interest- bearing . . . . . . . . . . . . . . . 284,751,000
Federal funds purchased in domestic
Offices 11,524,000
Federal funds purchased and securities
sold under agreements
to repurchase . . . . . . . . . . . . . 16,906,000
Demand notes issued to the
U.S. Treasury . . . . . . . . . . . . . 0
Trading liabilities. . . . . . . . . . . . . . . 41,394,000
Other borrowed money (includes
mortgage indebtedness and
obligations under capitalized
leases): ss . . . . . . . . . . . . . . 56,542,000
Bank's liability on acceptances
executed and outstanding . . . . . . . 1,507,000
Subordinated notes and debentures . . . . . . . . 13,330,000
Other liabilities . . . . . . . . . . . . . . . . 29,378,000
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TOTAL LIABILITIES . . . . . . . . . . . . . . . . $597,476,000
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Minority interest in consolidated
Subsidiaries. . . . . . . . . . . . . . . . . . . 486,000
EQUITY CAPITAL
Perpetual preferred stock and
related surplus . . . . . . . . . . . . 1,950,000
Common stock . . . . . . . . . . . . . . . . . . 751,000
Surplus . . . . . . . . . . . . . . . . . . . . . 25,775,000
Retained Earnings . . . . . . . . . . . . . . . . 23,787,000
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Accumulated net gains (losses)
on cash flow hedges . . . . . . . . . . -1,982,000
Other equity capital components . . . . . . . . . 0
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TOTAL EQUITY CAPITAL . . . . . . . . . . . . . . $50,281,000
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TOTAL LIABILITIES AND EQUITY
CAPITAL . . . . . . . . . . . . . . . . $648,243,000
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I, William Gonska, Vice President 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.
WILLIAM GONSKA, VICE PRESIDENT
We, the undersigned directors, attest to the correctness of this Report of
Condition. 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.
ALAN S. MACDONALD
WILLIAM R. RHODES
ROBERT B. WILLUMSTAD
DIRECTORS