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EXHIBIT 25
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM T-1
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) _____
____________________
CITIBANK, N.A.
(Exact name of trustee as specified in its charter)
13-5266470
(I.R.S. employer
identification no.)
399 Park Avenue, New York, New York 10043
(Address of principal executive office) (Zip Code)
____________________
Williams Holdings of Delaware, Inc.
(Exact name of obligor as specified in its charter)
Delaware 73-1455707
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
One Williams Center
Tulsa, Oklahoma 74172
(Address of Principal Executive Offices) (Zip Code)
____________________
Senior Debt Securities
Subordinated Debt Securities
(Title of the indenture securities)
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Item 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.
Name Address
---- -------
Comptroller of the Currency, Washington, D.C.
Federal Reserve Bank of New York New York, NY
Federal Deposit Insurance Corporation 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.
Exhibit 1 - Copy of Articles of Association of the Trustee,
as now in effect. (Exhibit 1 to T-1 to Registration Statement
No. 2-79983)
Exhibit 2 - Copy of certificate of authority of the Trustee
to commence business.. (Exhibit 2 to T-1 to Registration
Statement No. 2-29577)
Exhibit 3 - Copy of authorization of the Trustee to exercise
corporate trust powers. (Exhibit 3 to T- 1 to Registration
Statement No. 2-55519)
Exhibit 4 - Copy of existing By-Laws of the Trustee.
(Exhibit 4 to T-1 to Registration Statement No. 33-34988)
Exhibit 5 - Not applicable.
Exhibit 6 - The consent of the Trustee required by Section
321(b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1
to Registration Statement No. 33-19227.)
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Exhibit 7 - Copy of the latest Report of Condition of
Citibank, N.A (as of June 30, 1995 -attached).
Exhibit 8 - Not applicable.
Exhibit 9 - Not applicable.
_________________________
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, 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 11th day
of September, 1995.
CITIBANK, N.A.
By: s/Robert Kirchner
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Robert Kirchner
Vice President
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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, 1995, 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 . . . . . . . . . . . . . . . . . . . . . $ 7,397,000
Interest-bearing balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,242,000
Securities:
Held-to-maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,013,000
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,199,000
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,468,000
Securities purchased under agreements to resell . . . . . . . . . . . . . . . . . . . . . . . 519,000
Loans and leases financing receivables:
Loans and leases, net of unearned income . . . . . . . . . . . . . . . . . . . . . . . . . $136,294,000
LESS: Allowance for loan and lease losses . . . . . . . . . . . . . . . . . . . . . . . . . . 4,401,000
Loans and leases, net of unearned income, allowance, and reserve . . . . . . . . . . . . . . 131,893,000
Trading assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,328,000
Premises and fixed assets (including capitalized leases) . . . . . . . . . . . . . . . . . . . . 3,463,000
Other real estate owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,299,000
Investments in unconsolidated subsidiaries and associated companies . . . . . . . . . . . . . . . 1,039,000
Customers liability to this bank on acceptances outstanding . . . . . . . . . . . . . . . . . . 1,408,000
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,825,000
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TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $217,107,000
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LIABILITIES
Deposits:
In domestic offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 33,302,000
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,799,000
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,503,000
In foreign offices, Edge and Agreement subsidiaries, and IBFs . . . . . . . . . . . . . . . . 116,776,000
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,429,000
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,347,000
Federal funds purchased and securities sold under agreements to repurchase in domestic offices
of the bank and of its Edge and Agreement subsidiaries, and in IBFs:
Federal funds purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,756,000
Securities sold under agreements to repurchase . . . . . . . . . . . . . . . . . . . . . . 675,000
Trading liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,079,000
Other borrowed money:
With original maturity of one year or less . . . . . . . . . . . . . . . . . . . . . . . . . 8,224,000
With original maturity of more than one year . . . . . . . . . . . . . . . . . . . . . . . . 4,321,000
Mortgage indebtedness and obligations under capitalized leases . . . . . . . . . . . . . . . . . 107,000
Bank s liability on acceptances executed and outstanding . . . . . . . . . . . . . . . . . . . . 1,418,000
Subordinated notes and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,700,000
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,752,000
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TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $202,110,000
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EQUITY CAPITAL
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 751,000
Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,686,000
Undivided profits and capital reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,855,000
Net unrealized holding gains (losses) on available-for-sale securities . . . . . . . . . . . . . 246,000
Cumulative foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . (541,000)
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TOTAL EQUITY CAPITAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,997,000
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TOTAL LIABILITIES, LIMITED LIFE PREFERRED STOCK, AND EQUITY CAPITAL . . . . . . . . . . . . . . . $217,107,000
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I, Roger W. Trupin, Controller of the abovenamed bank do hereby declare that
this Report of Condition is true and correct to the best of my knowledge and
belief.
ROGER W. TRUPIN 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.
PAUL J. COLLINS
CHRISTOPHER J. STEFFEN
WILLIAM R. RHODES
Directors