Exhibit 25-k
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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) |__|
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)
MORGAN STANLEY
(Exact name of obligor as specified in its charter)
Delaware 36-3145972
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
1585 Broadway
New York, New York 10036
(Address of principal executive offices) (Zip code)
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Guarantee of Capital Securities of
Morgan Stanley Capital Trust VIII
(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.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York,
N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(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.)
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.
(Exhibit 6 to Form T-1 filed with Registration Statement No.
33-44051.)
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 23rd day of July, 2004.
THE BANK OF NEW YORK
By: /s/ KISHA A. HOLDER
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Name: KISHA A. HOLDER
Title: ASSISTANT VICE PRESIDENT
EXHIBIT 7
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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 March 31, 2004,
published 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
In Thousands
ASSETS
Cash and balances due from depository
institutions:
Noninterest-bearing balances and currency
and coin .............................................. $ 2,589,012
Interest-bearing balances ................................ 8,872,373
Securities:
Held-to-maturity securities .............................. 1,382,393
Available-for-sale securities ............................ 21,582,893
Federal funds sold and securities purchased under
agreements to resell
Federal funds sold in domestic offices ................... 792,900
Securities purchased under agreements to
resell ................................................... 932,155
Loans and lease financing receivables:
Loans and leases held for sale ........................... 555,415
Loans and leases, net of unearned
income ................................................. 36,884,850
LESS: Allowance for loan and
lease losses ........................................... 628,457
Loans and leases, net of unearned
income and allowance ................................... 36,256,393
Trading Assets .............................................. 3,654,160
Premises and fixed assets (including capitalized
leases) .................................................. 929,969
Other real estate owned ..................................... 319
Investments in unconsolidated subsidiaries and
associated companies ..................................... 247,156
Customers' liability to this bank on acceptances
outstanding .............................................. 215,581
Intangible assets
Goodwill ................................................. 2,687,623
Other intangible assets .................................. 752,283
Other assets ................................................ 7,905,137
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Total assets ................................................ $89,355,762
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LIABILITIES
Deposits:
In domestic offices ...................................... $33,940,195
Noninterest-bearing ...................................... 13,973,047
Interest-bearing ......................................... 19,967,148
In foreign offices, Edge and Agreement
subsidiaries, and IBFs ................................. 22,717,175
Noninterest-bearing ...................................... 447,242
Interest-bearing ......................................... 22,269,933
Federal funds purchased and securities sold under
agreements to repurchase
Federal funds purchased in domestic
offices ................................................ 442,904
Securities sold under agreements to
repurchase ............................................. 671,802
Trading liabilities ......................................... 2,452,604
Other borrowed money:
(includes mortgage indebtedness and obligations
under capitalized leases) ................................ 10,779,148
Bank's liability on acceptances executed and
outstanding .............................................. 217,705
Subordinated notes and debentures ........................... 2,390,000
Other liabilities ........................................... 7,230,967
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Total liabilities ........................................... $80,842,500
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Minority interest in consolidated
subsidiaries ............................................. 141,523
EQUITY CAPITAL
Perpetual preferred stock and related
surplus .................................................. 0
Common stock ................................................ 1,135,284
Surplus ..................................................... 2,080,657
Retained earnings ........................................... 5,021,014
Accumulated other comprehensive income ...................... 134,784
Other equity capital components ............................. 0
Total equity capital ........................................ 8,371,739
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Total liabilities minority interest and equity capital ...... $89,355,762
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I, Thomas J. Mastro, Senior Vice President and Comptroller 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.
Thomas J. Mastro,
Senior Vice President and Comptroller
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.
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Thomas A. Renyi |
Gerald L. Hassell |
Alan R. Griffith | Directors
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