EX-25.2 6 exb25_2.htm EXHIBIT 25.2 Unassociated Document

 
Exhibit 25.2
 

FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
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)           |__|
___________________________
THE BANK OF NEW YORK MELLON
(Exact name of trustee as specified in its charter)
New York
13-5160382
(State of incorporation
(I.R.S. employer
if not a U.S. national bank)
identification no.)
   
One Wall Street, New York, N.Y.
10286
(Address of principal executive offices)
(Zip code)
___________________________
LOEWS CORPORATION
(Exact name of obligor as specified in its charter)
Delaware
13-2646102
(State or other jurisdiction of
(I.R.S. employer
incorporation or organization)
identification no.)
   
667 Madison Avenue
  
New York, New York
10065-8087
(Address of principal executive offices)
(Zip code)
___________________________
Subordinated Debt Securities
(Title of the indenture securities)

 
 


 
 
 
 

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
   
 
Superintendent of Banks of the State of New
  
One State Street, New York, N.Y.  10004-
  
 
York
  
1417, and Albany, N.Y. 12223
  
 
Federal Reserve Bank of New York
  
33 Liberty Street, New York, N.Y.  10045
  
 
Federal Deposit Insurance Corporation
  
Washington, D.C.  20429
  
 
New York Clearing House Association
  
New York, New York  10005
  
 
 
(b)
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.
 
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 17 C.F.R. 229.10(d).
 
 
1.
A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself 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 No. 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, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).
 
 
4.
A copy of the existing By-laws of the Trustee.  (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121195).
 
 
6.
The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152735).
 
 
7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
 

 
 
 
 
 
SIGNATURE

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, 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 New York, and State of New York, on the 20th day of March, 2009.

     
THE BANK OF NEW YORK MELLON

     
By:
/s/ CHERYL CLARKE
   
Name:  CHERYL CLARKE
   
Title:    VICE PRESIDENT


 
 
 
 
 
T-1 EXHIBIT 7
 
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31, 2008, 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
  
ASSETS
  
In Thousands
  
Cash and balances due from depository institutions:
      
Noninterest-bearing balances and currency and coin
     4,440,000  
Interest-bearing balances
     87,807,000  
Securities:
        
Held-to-maturity securities
     7,327,000  
Available-for-sale securities
     32,572,000  
Federal funds sold and securities purchased under agreements to resell:
        
Federal funds sold in domestic offices
     373,000  
Securities purchased under agreements to
        
  resell
     0  
Loans and lease financing receivables:
        
Loans and leases held for sale
     0  
Loans and leases, net of unearned
        
   income
     32,827,000  
LESS: Allowance for loan and
        
   lease losses
     357,000  
Loans and leases, net of unearned
        
   income and allowance
     32,470,000  
Trading assets
     10,665,000  
Premises and fixed assets (including capitalized leases)
     1,098,000  
Other real estate owned
     8,000  
Investments in unconsolidated subsidiaries and associated companies
     795,000  
Not applicable
        
Intangible assets:
        
Goodwill
     4,908,000  
Other intangible assets
     1,606,000  
Other assets
     11,095,000  
Total assets
     195,164,000  
LIABILITIES
        
Deposits:
        
In domestic offices
     85,286,000  
Noninterest-bearing
     54,008,000  
Interest-bearing
     31,278,000  
In foreign offices, Edge and Agreement subsidiaries, and IBFs
     72,497,000  
Noninterest-bearing
     1,558,000  
Interest-bearing
     70,939,000  
Federal funds purchased and securities sold under agreements to repurchase:
        
Federal funds purchased in domestic
        
  offices
     454,000  


 
 
 


Securities sold under agreements to
      
   repurchase
     75,000  
Trading liabilities
     8,365,000  
Other borrowed money:
        
   (includes mortgage indebtedness and obligations under capitalized leases)
     6,256,000  
Not applicable
        
Not applicable
        
Subordinated notes and debentures
     3,490,000  
Other liabilities
     7,018,000  
Total liabilities
     183,441,000  
Minority interest in consolidated
        
subsidiaries
     350,000  
         
EQUITY CAPITAL
        
Perpetual preferred stock and related
        
surplus
     0  
Common stock
     1,135,000  
Surplus (exclude all surplus related to preferred stock)
     8,276,000  
Retained earnings
     6,810,000  
Accumulated other comprehensive income
     -4,848,000  
Other equity capital components
     0  
Total equity capital
     11,373,000  
Total liabilities, minority interest, and equity capital
     195,164,000  

I, Thomas P. Gibbons, Chief Financial Officer 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.

     
      
Thomas P. Gibbons,
   
Chief Financial Officer

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.

     
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Gerald L. Hassell
        |
  
      
Steven G. Elliott
        |
Directors
      
Robert P. Kelly
        |
  
      
     
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