EXHIBIT 25.2
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) [X]
LASALLE BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
36-0884183
(I.R.S. Employer
Identification No.)
135 South LaSalle Street, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)
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Willie J. Miller, Jr.
Group Senior Vice President
Chief Legal Officer and Secretary
Telephone: (312) 904-2018
135 South LaSalle Street, Suite 925
Chicago, Illinois 60603
(Name, address and telephone number of agent for service)
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Crane Co.
(Exact name of obligor as specified in its charter)
Delaware 13-1952290
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
100 First Stamford Place
Stamford, Connecticut 06902
(Address of principal executive offices) (Zip Code)
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Debt Securities
(Title of the indenture securities)
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.
1. Comptroller of the Currency, Washington D.C.
2. Federal Deposit Insurance Corporation, Washington, D.C.
3. The Board of Governors of the Federal Reserve Systems,
Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee, describe each such affiliation.
Not Applicable
*Pursuant to General Instruction B, the trustee has responded only to items 1, 2
and 16 of this form since to the best knowledge of the trustee the obligor is
not in default under any indenture under which the trustee is a trustee.
ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility and
qualification.
1. A copy of the Articles of Association of LaSalle Bank National
Association now in effect (incorporated herein by reference to Exhibit
1 filed with Form T-1 in File No. 333-101155).
2. A copy of the certificate of authority to commence business
(incorporated herein by reference to Exhibit 2 filed with Form T-1
filed with the Current Report on Form 8-K, dated June 29, 2000, in
File No. 333-61691).
3. A copy of the authorization to exercise corporate trust powers
(incorporated herein by reference to Exhibit 3 filed with Form T-1
filed with the Current Report on Form 8-K, dated June 29, 2000, in
File No. 333-61691).
4. A copy of the existing By-Laws of LaSalle Bank National Association
(incorporated herein by reference to Exhibit 4 filed with Form T-1 in
File No. 333-101155).
5. Not applicable.
6. The consent of the trustee required by Section 321(b) of the Trust
Indenture Act of 1939 (incorporated herein by reference to Exhibit 6
filed with Form T-1 filed with the Current Report on Form 8-K, dated
June 29, 2000, in File No. 333-61691).
7. A copy of the latest report of condition of the trustee published
pursuant to law or the requirements of its supervising or examining
authority.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee,
LaSalle Bank National Association, a corporation 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 Chicago, State of Illinois, on the 17th day
September, 2003.
LASALLE BANK NATIONAL ASSOCIATION
By: /s/ John Porter
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John Porter
Vice President
EXHIBIT 7
COPY OF THE LATEST REPORT OF CONDITION OF THE TRUSTEE
LaSalle Bank N.A. Call Date: 6/30/2003 ST-BK: 17-1520 FFIEC 031
135 South LaSalle Street Page RC-1
Chicago, IL 60603 Vendor ID: D CERT: 15407 11
Transit Number: 71000505
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL AND
STATE-CHARTERED SAVINGS BANKS FOR JUNE 30, 2003
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC - BALANCE SHEET
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFD
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a. Noninterest-bearing balances and currency and coin (1) 0081 1,887,414 1.a
b. Interest-bearing balances (2) 0071 17,355 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A) 1754 187,715 2.a
b. Available-for-sale securities (from Schedule RC-B, column D) 1773 22,233,318 2.b
3. Federal funds sold and securities purchased under agreements to resell
a. Federal funds sold in domestic offices B987 286,080 3.a
b. Securitites purchased under agreements to resell (3) B989 144,437 3.b
4. Loans and lease financing receivables (from schedule RC-C)
a. Loans and leases held for sale 5369 295,765 4.a
b. Loans and leases, net of unearned income B528 33,448,582
c. LESS: Allowance for loan and lease losses 3123 587,930 4.c
d. Loans and leases, net of unearned income,
allowance, and reserve (item 4.a minus 4.b and 4.c) B529 32,860,652 4.d
5. Trading assets (from Schedule RC-D) 3545 697,442 5.
6. Premises and fixed assets (including capitalized leases) 2145 261,574 6.
7. Other real estate owned (from Schedule RC-M) 2150 20,664 7.
8. Investments in unconsolidated subsidiaries and associated companies (from
Schedule RC-M) 2130 0 8.
9. Customers' liability to this bank on acceptances outstanding 2155 27,525 9.
10. Intangible assets (from Schedule RC-M)
a. Goodwill 3163 181,613 10.a
b. Other Intangible assets 0426 8,058 10.b
11. Other assets (from Schedule RC-F) 2160 2,306,948 11.
12. Total assets (sum of items 1 through 11) 2170 61,416,560 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securites resale agreements in domestic and foreign offies,
regardless of maturity.
LaSalle Bank N.A. Call Date: 12/31/6/30/2003 ST-BK: 17-1520 FFIEC 031
135 South LaSalle Street Page RC- 2
Chicago, IL 60603 Vendor ID: D CERT: 15407 12
Transit Number: 71000505
SCHEDULE RC - CONTINUED
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of RCON
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columns A and C from Schedule RC-E, part I) 2200 25,663,611 13.a
RCON
(1) Noninterest-bearing (1) 6631 6,208,325 13.a.1
(2) Interest-bearing 6636 19,455,286 13.a.2
RCFN
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b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from
Schedule RC-E, part II) 2200 5,595,976 13.b
RCFN
(1) Noninterest-bearing 6631 0 13.b.1
(2) Interest-bearing 6636 5,595,976 13.b.2
RCON
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14. Federal funds purchased and securities sold under agreements to repurchase:
a. Federal funds purchased in domestic offices (2) B993 3,532,101 14.a
RCFD
b. Securities sold under agreements to repurchase (3) B995 2,056,728 14.b
15. Trading liabilities (from Schedule RC-D) 3548 323,906 15
16. Other borrowed money (includes mortgage indebtedness and obligations under 3190 9,679,141 16
capitalized leases): From schedule RC-M
17. Not applicable.
18. Bank's liability on acceptances executed and outstanding 2920 27,525 18.
19. Subordinated notes and debentures (4) 3200 540,000 19.
20. Other liabilities (from Schedule RC-G) 2930 9,226,265 20.
21. Total liabilities (sum of items 13 through 20) 2948 56,645,253 21.
22. Minority Interest in consolidated subsidiaries 3000 29,226 22.
EQUITY CAPITAL
RCFD
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23. Perpetual preferred stock and related surplus 3838 635,410 23.
24. Common stock 3230 41,234 24.
25. Surplus (exclude all surplus related to preferred stock) 3839 2,000,163 25.
26. a.Retained Earnings 3632 1,871,214 26.a
b. Accumulated Other Comprehensive income.(5) B530 194,060 26.b
27. Other Equity capital components (6) 3284 0 27.
28. Total equity capital (sum of items 23 through 27) 3210 4,742,081 28.
29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28) 3300 61,416,560 29.
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1. Indicate in the box at the right the number of the statement below that best describes
the most comprehensive level of auditing work performed for the bank by independent RCFD Number
external auditors as of any date during 2001 ---- ------
6724 N/A M.1
1 = Independent audit of the bank conducted in accordance with 4 = Directors' examination of the bank conducted in accordance
generally accepted auditing standards by a certified public with generally accepted auditing standards by a certified
accounting firm which submits a report on the bank accounting firm. (may be required by state chartering
authority)
2 = Independent audit of the bank's parent holding company
conducted in accordance with generally accepted auditing 5 = Directors' examination of the bank performed by other
standards by a certified public accounting firm which external auditors (may be required by state chartering
submits a report on the consolidated holding company (but authority)
not on the bank separately)
6 = Review of the bank's financial statements by external
3 = Attestation on bank managements assertion on the auditors
effectiveness of the banks internal auditors over financial
reporting with generally accepted auditing standards by a 7 = Compilation of the bank's financial statements by
certified public accounting firm. external auditors
8 = Other audit procedures (excluding tax preparation work)
9 = No external audit work
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16
"other borrowed money."
(3) Includes all securities repurchased agreements in domestic and foreign
offices, regardless of maturity.
(4) Includes limited-life preferred stock and related surplus.
(5) Includes net unrealized holding gains(losses) on available for sale
securities, accumulated net gains (losses) on cash flow hedges, cumulative
foreign currency translation adjustments, and minimum pension liability
adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership plan shares.