EX-25.1 5 a2159258zex-25_1.htm EXHIBIT 25.1
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Exhibit 25.1

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)    o

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)



(State of incorporation
if not a national bank
 
13-4994650
(I.R.S. employer
identifcation No.)

111 Polaris Parkway
Columbus, Ohio
(Address of principal executive offices)
 

43271
(Zip Code)

Thomas F. Godfrey
Vice President and Assistant General Counsel
JPMorgan Chase Bank, National Association
1 Chase Manhattan Plaza, 25th Floor
New York, NY 10081
Tel: (212) 552-2192
(Name, address and telephone number of agent for service)

JOHN DEERE CAPITAL CORPORATION
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
 
36-2386361
(I. R. S. Employer
Identification No.)

One John Deere Place
Moline, Illinois
(Address of principal executive offices)
 

61265-8098
(Zip Code)

Debt Securities
(Title of the indenture securities)


GENERAL

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.
                            Comptroller of the Currency,
                            Washington, D.C.
                            Board of Governors of the Federal Reserve System, Washington, D.C., 20551
                            Federal Deposit Insurance Corporation, Washington, D.C., 20429.

    b)
    Whether it is authorized to exercise corporate trust powers.
                                    Yes.

Item 2.    AFFILIATIONS WITH THE OBLIGOR AND GUARANTORS.    If the obligor or any guarantor is an affiliate of the trustee, describe each such affiliation.
                                None.

Item 16.    LIST OF EXHIBITS    List below all exhibits filed as a part of this Statement of Eligibility.

    1.
    A copy of the Articles of Association of JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

    2.
    A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

    3.
    None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in Exhibits 1 and 2.

    4.
    A copy of the existing By-Laws of the Trustee. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

    5.
    Not applicable.

    6.
    The consent of the Trustee required by Section 321(b) of the Act. (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

    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.

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SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, N.A., 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 31st day of August, 2005.


 
JPMORGAN CHASE BANK, N.A.

 
By:
/s/  L. O'BRIEN      
  Name: L. O'Brien
  Title: Vice President

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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank, N.A.
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 2005, 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 Millions
  
Assets        
  Cash and balances due from depository institutions:        
    Noninterest-bearing balances and currency and coin   $ 36,236  
    Interest-bearing balances     24,384  
  Securities:        
  Held to maturity securities     101  
  Available for sale securities     60,180  
Federal funds sold and securities purchased under agreements to resell        
    Federal funds sold in domestic offices     39,536  
    Securities purchased under agreements to resell     133,265  
  Loans and lease financing receivables:        
    Loans and leases held for sale     21,045  
    Loans and leases, net of unearned income   $ 341,550  
    Less: Allowance for loan and lease losses     5,313  
    Loans and leases, net of unearned income and allowance     339,000  
  Trading Assets     236,590  
  Premises and fixed assets (including capitalized leases)     8,425  
  Other real estate owned     142  
  Investments in unconsolidated subsidiaries and associated companies     840  
Customers' liability to this bank on acceptances outstanding     592  
Intangible assets        
    Goodwill     23,365  
    Other Intangible assets     10,259  
  Other assets     49,089  
   
 
        Total Assets   $ 983,049  
   
 
Liabilities        
  Deposits        
    In domestic offices   $ 378,772  
    Noninterest-bearing   $ 134,412  
    Interest-bearing     244,360  
    In foreign offices, Edge and Agreement subsidiaries and IBF's     155,364  
    Noninterest-bearing   $ 6,701  
         

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    Interest-bearing     148,663  
  Federal funds purchased and securities sold under agreements to repurchase:        
    Federal funds purchased in domestic offices     8,918  
    Securities sold under agreements to repurchase     84,208  
  Trading liabilities     138,428  
  Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)     78,207  
  Bank's liability on acceptances executed and outstanding     592  
  Subordinated notes and debentures     17,511  
  Other liabilities     38,035  
  Total Liabilities     900,035  
  Minority Interest in consolidated subsidiaries     1,424  
Equity Capital        
  Perpetual preferred stock and related surplus     0  
  Common stock     1,785  
  Surplus (exclude all surplus related to preferred stock)     58,591  
  Retained earnings     21,936  
  Accumulated other comprehensive income     (772 )
  Other equity capital components     0  
        Total Equity Capital     81,590  
   
 
  Total Liabilities, Minority Interest, and Equity Capital   $ 983,049  
   
 

        I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

        JOSEPH L. SCLAFANI

        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 appropriate Federal regulatory authority and is true and correct.

WILLIAM B. HARRISON, JR.   )    
JAMES DIMON   )   DIRECTORS
MICHAEL J. CAVANAGH   )    

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