EX-25.1 15 g72597ex25-1.txt STATEMENT OF ELIGIBILITY OF DEBT TRUSTEE 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) ---------------------------- BANK ONE, NATIONAL ASSOCIATION (EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER) A NATIONAL BANKING ASSOCIATION 36-0899825 (I.R.S. EMPLOYER IDENTIFICATION NUMBER) 1 BANK ONE PLAZA, CHICAGO, ILLINOIS 60670 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) BANK ONE, NATIONAL ASSOCIATION 1 BANK ONE PLAZA CHICAGO, ILLINOIS 60670 ATTN: SANDRA L. CARUBA, FIRST VICE PRESIDENT (312) 336-9436 (NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE) ============================ SUNTRUST BANKS, INC. (EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER) GEORGIA 58-1575053 (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER) 303 PEACHTREE STREET, N.E. 30308 ATLANTA, GEORGIA (ZIP CODE) (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) DEBT SECURITIES AND GUARANTEES OF TRUST PREFERRED SECURITIES OF SUNTRUST CAPITAL V AND SUNTRUST CAPITAL VI (TITLE OF 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. Comptroller of Currency, Washington, D.C., Federal Deposit Insurance Corporation, Washington, D.C., The Board of Governors of the Federal Reserve System, 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. No such affiliation exists with the trustee. 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 the trustee now in effect.* 2. A copy of the certificates of authority of the trustee to commence business.* 3. A copy of the authorization of the trustee to exercise corporate trust powers.* 4. A copy of the existing by-laws of the trustee.* 5. Not Applicable. 6. The consent of the trustee required by Section 321(b) of the Act. 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. Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Bank One, National Association, a national banking association 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 and the State of Illinois, on this 7th day of November, 2001. BANK ONE, NATIONAL ASSOCIATION, TRUSTEE By /s/ Sandra L. Caruba ------------------------------ Sandra L. Caruba First Vice President (*) Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits bearing identical numbers in Item 16 of the Form T-1 of Bank One, National Association, filed as Exhibit 25 to the Registration Statement on Form S-3 of Household Finance Corporation filed with the Securities and Exchange Commission on March 24, 2000 (Registration No. 333-33240). EXHIBIT 6 THE CONSENT OF THE TRUSTEE REQUIRED BY SECTION 321(b) OF THE ACT November 7, 2001 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen:: In connection with the qualification of an indenture between SunTrust Banks, Inc. and Bank One, National Association, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal or State authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor. Very truly yours, BANK ONE, NATIONAL ASSOCIATION By /s/ Sandra L. Caruba ---------------------------- Sandra L. Caruba First Vice President EXHIBIT 7 BANK ONE, NA ----------------------------------------- Legal Title of Bank CHICAGO ----------------------------------------- City IL 60670 ----------------------------------------- State Zip Code Transmitted to EDS as 0145123 on 08/14/01 at 09:51:53 CST FDIC Certificate Number - 03618 CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL AND STATE-CHARTERED SAVINGS BANKS FOR JUNE 30, 2001 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 RCFD Bill/Mil/Thou ----------------------- ---- ------------- ASSETS 1. Cash and balances due from depository institutions (from Schedule RC-A): a. Noninterest-bearing balances and currency and coin (1) ............... 0081 10,110,003 1.a b. Interest-bearing balances (2) ........................................ 0071 1,998,859 1.b 2. Securities: a. Held-to-maturity securities (from Schedule RC-B column A) ............ 1754 0 2.a b. Available-for-sale securities (from Schedule RC-B, column D) ......... 1773 23,932,421 2.b 3. Federal funds sold and securities purchased under agreement to resell .... 1350 19,525,969 3 4. Loans and lease financing receivables (from Schedule RC-C): a. Loans and leases held for sale ....................................... 5369 55,386 4.a b. Loans and leases, net of unearned income ............................. B528 77,065,438 4.b c. LESS: Allowance for loan and lease losses ............................ 3123 1,931,234 4.c d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) ............................................... B529 75,134,204 4.d 5. Trading assets (from Schedule RC-D) ...................................... 3545 3,978,185 5 6. Premises and fixed assets (including capitalized leases) ................. 2145 748,205 6 7. Other real estate owned (from Schedule RC-M) ............................. 2150 11,079 7 8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) ................................................... 2130 401,512 8 9. Customers' liability to this bank on acceptances outstanding ............. 2155 275,403 9 10. Intangible assets ........................................................ a. Goodwill ............................................................. 3163 447,558 10.a b. Other Intangible assets (from Schedule RC-M) ......................... 0426 3,844 10.b 11. Other assets (from Schedule RC-F) ........................................ 2160 5,670,527 11 12. Total assets (sum of items 1 through 11) ................................. 2170 142,293,155 12
----------------- (1) Includes cash items in process of collection and unposted debits. (2) Includes time certificates of deposit not held for trading. BANK ONE, NA FFEC 031 Legal Title of Bank RC-2 Transmitted to EDS as 0145123 on 08/14/01 at 09:51:59 CST 12 FDIC Certificate Number - 03618 SCHEDULE RC -- CONTINUED
Bil Mil Thou -------------- Dollar Amounts in Thousands -------------------------------------------------------------------------------------------------------------------------- LIABILITIES 13. Deposits: a. In domestic offices (sum of totals of columns A and C from RCON Schedule RC-E, part I) .................................................................. 2200 56,795,188 13.a (1) Noninterest-bearing(1) ................................ 6631 20,269,584 13.a.1 (2) Interest-bearing ...................................... 6636 36,525,624 13.a.2 b. In foreign offices, Edge and Agreement subsidiaries and IBFs RCFN (from Schedule RC-E, part II) ............................. 2200 33,279,360 13.b (1) Noninterest-bearing ................................... 6631 685,406 13.b.1 (2) Interest-bearing ...................................... 6636 32,593,954 RCFD 13.b.2 14. Federal funds purchased and securities sold under agreements to repurchase .............................................................................. 2800 9,121,123 14 15. Trading liabilities (from Schedule RC-D) ................................................... 3548 3,365,890 15 16. OTHER BORROWED MONEY (INCLUDES MORTGAGE INDEBTEDNESS AND OBLIGATIONS UNDER CAPITALIZED LEASES) (FROM SCHEDULE RC-M): ................................ 3190 20,125,897 16 17. Not applicable 18. Bank's liability on acceptances executed and outstanding .................................. 2920 276,403 18 19. Subordinated notes and debentures(2) ...................................................... 3200 3,851,152 19 20. Other liabilities (from Schedule RC-G) .................................................... 2930 6,982,395 20 21. Total liabilities (sum of items 13 through 20) ............................................ 2948 133,796,408 21 22. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES............................................. 3000 2,600 22 EQUITY CAPITAL 23. Perpetual preferred stock and related surplus ............................................. 3838 0 23 24. Common stock .............................................................................. 3230 200,858 24 25. Surplus (exclude all surplus related to preferred stock) .................................. 3839 5,493,189 25 26. a. Retained earnings ...................................................................... 3632 2,913,064 26.a b. ACCUMULATED OTHER COMPREHENSIVE INCOME(3) .............................................. B530 (112,964) 26.b 27. OTHER EQUITY CAPITAL COMPONENTS(4) ........................................................ A130 0 27 28. Total equity capital (sum of items 23 through 27) ......................................... 3210 8,494,147 28 29. Total liabilities, minority interest, and equity capital (sum of items 21, 22 and 28) ..... 3300 142,293,155 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 external RCFD Number auditors as of any date during 2000 ........................................................ 6724 N/A M.1
1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank conducted with generally accepted auditing standards by a certified in accordance with generally accepted auditing public accounting firm which submits a report on the bank standards by a certified public accounting firm 2 = Independent audit of the bank's parent holding company (may be required by state chartering authority) conducted in accordance with generally accepted auditing 5 = Directors' examination of the bank performed by standards by a certified public accounting firm which other external auditors (may be required by state submits a report on the consolidated holding company (but chartering authority) not on the bank separately) 6 = Review of the bank's financial statements by 3 = ATTESTATION ON BANK MANAGEMENT'S ASSERTION ON THE external auditors EFFECTIVENESS OF THE BANK'S INTERNAL CONTROL OVER FINANCIAL 7 = Compilation of the bank's financial statements by REPORTING BY A CERTIFIED PUBLIC ACCOUNTING FIRM external auditors 8 = Other audit procedures (excluding tax preparation work) 9 = No external audit work
--------------- (1) Includes total demand deposits and noninterest-bearing time and savings deposits. (2) Includes limited-life preferred stock and related surplus. (3) 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. (4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.