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EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM T-1
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STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939, AS AMENDED,
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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NBD BANK
(Exact name of Trustee as specified in its charter)
611 WOODWARD AVENUE
DETROIT, MICHIGAN 48226 38-0864715
(Address of principal executive offices) (Zip Code) (I.R.S. Employer
Identification No.)
NBD BANK
611 WOODWARD AVENUE
DETROIT, MICHIGAN 48226
CORPORATE TRUST ADMINISTRATION
ATTN: NAN L. PACKARD, VICE PRESIDENT
TELEPHONE: (313) 225-3189
(Name, Address and Telephone number of agent for service)
USFREIGHTWAYS CORPORATION
(Exact name of obligor as specified in its charter)
DELAWARE 36-3790696
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
9700 HIGGINS ROAD
SUITE 570
ROSEMONT, ILLINOIS 60018
(Address of principal executive offices) (Zip Code)
SENIOR DEBT SECURITIES
(Title of 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:
State of Michigan Financial Institutions Bureau,
Lansing, MI Federal Reserve Bank of Chicago,
Chicago, Illinois Federal Deposit Insurance
Corporation, Washington, D.C.
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE
TRUST POWERS. The Trustee is authorized to exercise corporate
trust powers.
ITEM 2 AFFILIATIONS WITH THE OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE,
DESCRIBE EACH SUCH AFFILIATION. The obligor is not an
affiliate of the Trustee.
ITEM 3 VOTING SECURITIES OF THE TRUSTEE.
The following information is furnished as to each class of
voting securities of the Trustee:
As of December 9, 1999
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Column A Column B
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Title of Class Amount Outstanding
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Common Stock, par value 8,948,648 shares
$12.50 per share
ITEM 4 TRUSTEESHIPS UNDER OTHER INDENTURES
None.
ITEM 5 THROUGH ITEM 15 Not applicable
ITEM 16 LIST OF EXHIBITS:
EXHIBIT (1) A COPY OF THE ARTICLES OF INCORPORATION OF THE
TRUSTEE NOW IN EFFECT
Incorporated by reference to Exhibit (1) to Item 16 of
Form T-1 filed as Exhibit 25 to Registration Statement
Securities and Exchange Commission, Registration No.
33-51775.*
EXHIBIT (2) CERTIFICATE OF AUTHORITY OF THE TRUSTEE
TO COMMENCE BUSINESS
Incorporated by reference to Exhibit (2) to
Item 16 of Form T-1 filed with Amendment No. 1, Securities
and Exchange Commission, Registration No. 22-4501.*
EXHIBIT (3) AUTHORIZATION OF THE TRUSTEE TO EXERCISE
CORPORATE
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TRUST POWERS Incorporated by reference to Exhibit (3) to Item
16 of Form T-1 filed with Amendment No. 1, Securities and
Exchange Commission, Registration No. 22-4501.*
EXHIBIT (4) BY-LAWS OF THE TRUSTEE, AS PRESENTLY IN EFFECT
Incorporated by reference to Exhibit (4) to Item 16
of Form T-1 filed as Exhibit 25 to Registration Statement,
Securities and Exchange Commission, Registration No.
33-51775.*
EXHIBIT (5) Not Applicable.
EXHIBIT (6) CONSENT BY THE TRUSTEE REQUIRED BY SECTION 321
(B) OF THE ACT.
Incorporated by reference to Exhibit (6) to Item 16
of Form T-1, filed with Amendment No.1, Securities and
Exchange Commission, Registration No. 22-4501.*
EXHIBIT (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.
EXHIBIT (8) Not applicable.
EXHIBIT (9) Not applicable.
* Exhibits thus designated are incorporated herein by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 filed by the Trustee with
the Securities and Exchange Commission with the specific references noted.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the
Trustee, NBD Bank, a Michigan banking corporation organized and existing under
the laws of the State of Michigan, has duly caused this Statement of Eligibility
and Qualification to be signed on its behalf by the undersigned, thereunto duly
authorized, all in the City of Detroit, State of Michigan on this 9th day of
April, 1999.
NBD BANK, Trustee
By: /S Nan L. Packard
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Nan L. Packard
Vice President
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Charter No. 13671 Comptroller of the Currency District
REPORT OF CONDITION CONSOLIDATING
DOMESTIC AND FOREIGN SUBSIDIARIES OF THE
NBD BANK
in the State of Michigan, at the close of business on December 31,
1999 published in response to call made by Comptroller of the
Currency, under title 12, United States Code, Section 161.
ASSETS
Thousands
of dollars
Cash and balances due from depository institutions
Noninterest-bearing balances and currency
and coin....................................................................... 2,346,187
Interest-bearing balances...................................................... 2,094
Securities:
Held-to-maturity securities.................................................... -
Available-for-sale securities.................................................. 1,537,804
Federal funds sold and securities purchased
under agreements to resell..................................................... 112,720
Loans and lease financing receivables:
Loans and leases, net of unearned income 18,010,826
LESS: Allowance for loan and lease losses 282,638
Loans and leases, net of unearned income and
allowance....................................................................... 17,728,188
Assets held in trading accounts.................................................... 117,472
Premises and fixed assets (including
capitalized leases)............................................................ 327,994
Other real estate owned............................................................ 6,011
Investments in unconsolidated subsidiaries and
associated companies........................................................... -
Customers' liability to this bank on acceptances
outstanding.................................................................... 7,559
Intangible assets.................................................................. 131,815
Other assets....................................................................... 636,938
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Total assets....................................................................... 22,954,782
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LIABILITIES
Deposits:
In domestic offices............................................................ 17,890,219
Noninterest-bearing.......................................... 5,202,278
Interest-bearing............................................. 12,687,941
In foreign offices, Edge and Agreement
subsidiaries, and IBFs......................................................... 154,692
Noninterest-bearing........................................................ -
Interest-bearing............................................. 154,692
Federal funds purchased and securities sold
under agreements to repurchase................................................. 1,556,060
Demand notes issued to the U.S. Treasury........................................... 225,528
Trading liabilities................................................................ 94,960
Other borrowed money:
With remaining maturity of one year or less................................... 337,378
With remaining maturity of more than one year through three years............. 2,626
With remaining maturity of more than three years.............................. 2,993
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Bank's liability on acceptances executed and
outstanding................................................ 7,559
Notes and debentures subordinated to
deposits.................................................... 610,000
Other liabilities............................................... 464,789
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Total liabilities............................................... 21,346,804
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EQUITY CAPITAL
Common stock.................................................... 111,858
Surplus......................................................... 687,356
Undivided profits and capital reserves.......................... 795,579
Net unrealized holding gains (losses) on available-for-s........ 13,185
Cumulative foreign currency translation
adjustments................................................. -
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Total equity capital............................................ 1,607,978
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Total liabilities and equity capital............................ 22,954,782
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I, Jason N. Hansen, Vice President 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.
JASON N. HANSEN
April 9, 1999
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.
DANIEL T. LIS
WALTER C. WATKINS
VERNE G. ISTOCK
Directors