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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MARINE MIDLAND BANK
(Exact name of trustee as specified in its charter)
New York 16-1057879
(Jurisdiction of incorporation (I.R.S. Employer
or organization if not a U.S. Identification No.)
national bank)
140 Broadway, New York, N.Y. 10005-1180
(212) 658-1000 (Zip Code)
(Address of principal executive offices)
WELLS FARGO & COMPANY
(Exact name of obligor as specified in its charter)
Delaware 13-2553920
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
420 Montgomery Street
San Francisco, California 94163
(415) 477-1000 (Zip Code)
(Address of principal executive offices)
FIRST MORTGAGE BONDS
(Title of Indenture Securities)
GENERAL
Item 1. General Information.
___________________
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervisory
authority to which it is subject.
State of New York Banking Department.
Federal Deposit Insurance Corporation, 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 Obligor.
_________________________
If the obligor is an affiliate of the trustee,
describe each such affiliation.
None
Item 16. List of Exhibits.
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Exhibit
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T1A(i) * - Copy of the Organization Certificate of
Marine Midland Bank.
T1A(ii) * - Certificate of the State of New York
Banking Department dated December 31,
1993 as to the authority of Marine
Midland Bank to commence business.
T1A(iii) - Not applicable.
T1A(iv) * - Copy of the existing By-Laws of Marine Midland
Bank as adopted on January 20, 1994.
T1A(v) - Not applicable.
T1A(vi) * - Consent of Marine Midland Bank
required by Section 321(b) of the Trust
Indenture Act of 1939.
T1A(vii) - Copy of the latest report of condition
of the trustee (March 31, 1995),
published pursuant to law or the
requirement of its supervisory or
examining authority.
T1A(viii) - Not applicable.
T1A(ix) - Not applicable.
* Exhibits previously filed with the Securities and Exchange Commission with
Registration No. 33-53693 and incorporated herein by reference thereto.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939,
the Trustee, Marine Midland Bank, a banking corporation and trust
company organized 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 20th day of June,
1995.
MARINE MIDLAND BANK
By: FRANK J. GODINO
________________
Frank J. Godino
Corporate Trust Officer
Exhibit T1A(vii)
This form is for use by State Banks only. It should
be used for publication purposes only, and should
not be returned to the FDIC.
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Federal Reserve Bank
Administrator of State Banks
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REPORT OF CONDITION
Consolidated Report of Condition of Marine Midland Bank
of Buffalo, New York and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve Sytem, at the close of business
on March 31, 1995, 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
Thousands of dollars
Cash and balances due from
depository institutions:
Noninterest-bearing balances
currency and coin................................... $ 974,096
Interest-bearing balances .......................... 897,640
Held-to-maturity securities............................ 2,095,379
Available-for-sale securities.......................... 43,753
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.................................. 782,000
Securities purchased under agreements to resell..... 317,383
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Loans and lease financing receivables:
Loans and leases net of unearned income............. 12,647,803
LESS: Allowance for loan and lease losses........... 540,156
LESS: Allocated transfer risk reserve............... 0
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Loans and lease, net of unearned income, allowance,
and reserve......................................... 12,107,647
Trading assets......................................... 399,701
Premises and fixed assets (including capitalized
leases)................................................ 182,043
Other real estate owned................................ 21,078
Investments in unconsolidated subsidiaries and
associated companies................................... 0
Customers' liability to this bank on acceptances
outstanding............................................ 20,189
Intangible assets...................................... 61,282
Other assets........................................... 656,014
Total assets........................................... 18,558,205
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LIABILITIES
Deposits:
In domestic offices................................. 12,873,835
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Noninterest-bearing................................. 2,935,310
Interest-bearing.................................... 9,938,525
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In foreign offices, Edge, and Agreement subsidiaries,
and IBFs............................................... 2,509,707
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Noninterest-bearing................................. 0
Interest-bearing.................................... 2,509,707
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Federal funds purchased and securities sold under
agreements to repurchase in domestic offices of
the bank and its Edge and Agreement subsidiaries,
and in IBFs:
Federal funds purchased............................. 325,438
securities sold under agreements to repurchase...... 412,770
Demand notes issued to the U.S. Treasury............... 94,586
Trading Liabilities.................................... 80,731
Other borrowed money:
With original maturity of one year or less.......... 43,408
With original maturity of more than one year........ 0
Mortgage indebtedness and obligations under
capitalized leases..................................... 38,288
Bank's liability on acceptances executed and
outstanding............................................ 20,189
Subordinated notes and debentures...................... 225,000
Other liabilities...................................... 413,450
Total liabilities...................................... 17,037,402
Limited-life preferred stock and related surplus....... 0
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EQUITY CAPITAL
Perpetual preferred stock and related surplus.......... 0
Common Stock........................................... 185,000
Surplus................................................ 1,758,098
Undivided profits and capital reserves................. (422,295)
Net unrealized holding gains (losses) on
available-for-sale securities.......................... 0
Cumulative foreign currency translation adjustments.... 0
Total equity capital................................... 1,520,803
Total liabilities, limited-life preferred stock, and
equity capital......................................... 18,558,205
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I, Gerald A. Ronning, Exec. Vice President & Controller (Name and title of
officer authorized to sign report) of the above-named bank 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.
/s/ Harold A. Ronning
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Signature of officer
authorized to sign report
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 preapared in
conformance with the instructions issued by the Board of
Governors of the Federal Reserve System and is true and correct.
/s/ James H. Cleave
________________________
James H. Cleave
Director
/s/ B. J. Kennedy
________________________
B. J. Kennedy
Director
/s/ Henry J. Nowak
________________________
Henry J. Nowak
Director