THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING SUBMITTED
PURSUANT TO RULE 901(d) OF REGULATION S-T
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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) |__|
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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.)
48 Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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UNITED AIR LINES, INC.
(Exact name of obligor as specified in its charter)
Delaware 36-2675206
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
1200 Algonquin Road
Elk Grove Township, Illinois 60007
(Address of principal executive offices) (Zip code)
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__% Series B Debentures due 2014
(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. 20549
New York Clearing House Association New York, New York
(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 affilia-
tion.
None. (See Note on page 3.)
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 Rule 24
of the Commission's Rules of Practice.
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.)
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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.
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 amend-
ment to this Form T-1.
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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 16th day of May, 1994.
THE BANK OF NEW YORK
By: MARY JANE MORRISSEY
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Name: Mary Jane Morrissey
Title: Assistant Vice President
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Consolidated Report of Condition of
THE BANK OF NEW YORK Exhibit 7
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business
December 31, 1993, 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
ASSETS in Thousands
Cash and balances due from depository
institutions:
Noninterest-bearing balances and
currency and coin .................. $ 4,393,393
Interest-bearing balances .......... 652,315
Securities ........................... 3,809,834
Federal funds sold in domestic offices
of the bank ........................ 331,075
Loans and lease financing receivables:
Loans and leases, net of unearned
income .................23,708,678
LESS: Allowance for loan and lease
losses .....................773,597
LESS: Allocated transfer risk
reserve .....................28,427
Loans and leases, net of unearned
income, allowance and reserve .... 22,906,654
Assets held in trading accounts ...... 851,615
Premises and fixed assets (including
capitalized leases) ................ 657,247
Other real estate owned .............. 60,806
Investments in unconsolidated subsidi-
aries and associated companies ..... 170,378
Customers liability to this bank on
acceptances outstanding ............ 885,751
Intangible assets .................... 42,689
Other assets.......................... 1,326,362
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Total assets $36,088,119
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LIABILITIES
Deposits:
In domestic offices ................ $19,486,153
Noninterest-bearing .......7,388,636
Interest-bearing .........12,097,517
In foreign offices, Edge and Agree-
ment Subsidiaries, and IBFs ........ 8,230,444
Noninterest-bearing ..........53,571
Interest-bearing ..........8,176,873
Federal funds purchased and securities
sold under agreements to repurchase
in domestic offices of the bank and
of its Edge and Agreement subsidi-
aries, and in IBFs:
Federal funds purchased ............ 1,207,881
Securities sold under agreements to
repurchase ....................... 350,492
Demand notes issued to the U.S.
Treasury ........................... 300,000
Other borrowed money ................. 530,559
Bank's liability on acceptances exe-
cuted and outstanding .............. 897,899
Subordinated notes and debentures .... 1,064,780
Other liabilities .................... 1,139,025
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Total liabilities .................... 33,207,233
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EQUITY CAPITAL
Perpetual preferred stock and related
surplus ........................... 75,000
Common stock ........................ 942,284
Surplus ............................. 525,666
Undivided profits and capital
reserves .......................... 1,342,860
Cumulative foreign currency transla-
tion adjustments .................. ( 4,924)
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Total equity capital ................ 2,880,886
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Total liabilities, limited-life pre-
ferred stock, and equity capital .. $36,088,119
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I, Robert E. Keilman, Senior Vice President and Comptroller of
the above-named bank do 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.
Robert E. Keilman
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 instructions issued by the Board of Governors
of the Federal Reserve System and is true and correct.
++
J. Carter Bacot +
Alan R. Griffith ++ Directors
Samuel F. Chevalier +
++
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