Exhibit 25.1
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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)
THE GOLDMAN SACHS GROUP, INC.
(Exact name of obligor as specified in its charter)
Delaware 13-4019460
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
85 Broad Street
New York, New York 10004
(Address of principal executive offices) (Zip code)
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Senior Debt Securities
(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 6th day of May, 2003.
THE BANK OF NEW YORK
By: /s/ VAN K. BROWN
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Name: VAN K. BROWN
Title: 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 December 31,
2002, 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 ................. $ 4,706,760
Interest-bearing balances .......................................... 4,418,381
Securities:
Held-to-maturity securities ........................................ 954,049
Available-for-sale securities ...................................... 16,118,007
Federal funds sold in domestic offices ................................ 460,981
Securities purchased under agreements to
resell ............................................................. 837,242
Loans and lease financing receivables:
Loans and leases held for sale ..................................... 765,097
Loans and leases, net of unearned
income...............31,906,960
LESS: Allowance for loan and
lease losses............798,223
Loans and leases, net of unearned
income and allowance ............................................. 31,108,737
Trading Assets ........................................................ 6,969,387
Premises and fixed assets (including capitalized
leases) ............................................................ 823,932
Other real estate owned ............................................... 660
Investments in unconsolidated subsidiaries and
associated companies ............................................... 238,412
Customers' liability to this bank on acceptances
outstanding ........................................................ 307,039
Intangible assets
Goodwill ........................................................... 2,003,150
Other intangible assets ............................................ 74,880
Other assets .......................................................... 5,161,558
Total assets .......................................................... $74,948,272
LIABILITIES
Deposits:
In domestic offices ................................................ $33,108,526
Noninterest-bearing ................................................ 13,141,240
Interest-bearing ................................................... 19,967,286
In foreign offices, Edge and Agreement
subsidiaries, and IBFs ........................................... 22,650,772
Noninterest-bearing ................................................ 203,426
Interest-bearing ................................................... 22,447,346
Federal funds purchased in domestic
offices ............................................................. 513,773
Securities sold under agreements to repurchase ........................ 334,896
Trading liabilities ................................................... 2,673,823
Other borrowed money:
(includes mortgage indebtedness and obligations
under capitalized leases) .......................................... 644,395
Bank's liability on acceptances executed and
outstanding ........................................................ 308,261
Subordinated notes and debentures ..................................... 2,090,000
Other liabilities ..................................................... 5,584,456
Total liabilities ..................................................... $67,908,902
Minority interest in consolidated
subsidiaries ....................................................... 519,470
EQUITY CAPITAL
Perpetual preferred stock and related
surplus ............................................................ 0
Common stock .......................................................... 1,135,284
Surplus ............................................................... 1,056,295
Retained earnings ..................................................... 4,208,213
Accumulated other comprehensive income ................................ (120,108)
Other equity capital components ....................................... 0
Total equity capital .................................................. 6,519,900
Total liabilities minority interest and equity
capital ............................................................ $74,948,272
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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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