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) (3)___(3)
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
13-5160382
(I.R.S. employer identification no.)
48 Wall Street, New York, New York 10286
(Address of principal executive offices) (Zip Code)
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The Bank of New York
10161 Centurion Parkway
Towermarc Plaza, 2nd Floor
Jacksonville, Florida 32256
Attn: Ms. Sandra Carreker
(904) 998-4716
(Name, address and telephone number of agent for service)
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NATIONSBANK CORPORATION
(Exact name of obligor as specified in its charter)
North Carolina 56-0906609
State or other jurisdiction of (IRS employer
incorporation or organization identification no.)
NationsBank Corporate Center, Charlotte, North Carolina 28255
(Address of principal executive offices) (Zip code)
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Subordinated Debt Securities
(Title of the indenture securities)
1. General Information.
Furnish the following information as to the trustee--
Name and address of each examining or supervising authority to which
it is subject.
Superintendent of Banks of the State of New York
2 Rector Street
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, N.Y.
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. (See Note on page 4.)
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 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 No. 33-44051.)
(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.
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 amendment to
this Form T-1.
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 Jacksonville and the
State of Florida, on the 28th day of June, 1996.
THE BANK OF NEW YORK
By: /s/ Sandra Carreker
Sandra Carreker, Agent
EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act
of 1939, in connection with the proposed issuance of NationsBank Corporation.
Subordinated Debt Securities, The Bank of New York hereby consents that reports
of examinations by Federal, State, Territorial or District Authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
THE BANK OF NEW YORK
By: /s/ Sandra Carreker
Sandra Carreker, Agent
EXHIBIT 7 TO FORM T-1
Consolidated Report of Condition of
THE BANK OF NEW YORK
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 March 31, 1996 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 $ 2,461,550
Interest-bearing balances 835.563
Securities:
Held-to-maturity securities 802,064
Available-for-sale securities 2,051,263
Federal funds sold and securities
purchased under agreements to resell
in domestic offices of the bank:
Federal funds sold 3,885,475
Securities purchased under
agreements to resell
Loans and lease financing receivables:
Loans and leases,
net of unearned income . . . . 27,820,159
LESS: Allowance for loan and
lease losses . . . . . . . . . 509,817
LESS: Allocated transfer
risk reserve . . . . . . . . . 1,000
Loans and leases, net of unearned
income and allowance and reserve 27,309,342
Assets held in trading accounts 837,118
Premises and fixed assets (including
capitalized leases) 614,567
Other real estate owned 51,631
Investments in unconsolidated
subsidiaries and associated
companies 225,158
Customers' liability to this bank
on acceptances outstanding 800,375
Intangible assets 436,668
Other assets 1,247,908
Total assets $41,558,682
LIABILITIES
Deposits:
In domestic offices $18,851,327
Noninterest-bearing 7,102,645
Interest-bearing 11,748,682
In foreign offices, Edge and
Agreement subsidiaries, and IBFs 10,965,604
Noninterest-bearing 37,855
Interest-bearing 10,927,749
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 1,224,886
Securities sold under
agreements
to repurchase 29,728
Demand notes issued to the
U.S. Treasury 118,870
Trading liabilities 673,944
Other borrowed money:
With original maturity of one year
or less 2,713,248
With original maturity of more
than one year 20,780
Bank's liability on acceptances
executed and outstanding 803,292
Subordinated notes and debentures 1,022,860
Other liabilities 1,590,564
Total liabilities 38,015,103
EQUITY CAPITAL
Common stock 942,284
Surplus 525,666
Undivided profits and capital
reserves 2,078,197
Net unrealized holding gains (losses)
on available-for-sale securities 3,197
Cumulative foreign currency
translation adjustments (5,765)
Total equity capital 3,543,579
Total liabilities and equity capital $41,558,682
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 )
Thomas A. Renyi ) Directors
Alan R. Griffith )