Exhibit 25.1

UNITED STATES

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)        ¨

THE BANK OF NEW YORK MELLON

(Exact name of trustee as specified in its charter)

New York (Jurisdiction of incorporation if not a U.S. national bank)	13-5160382 (I.R.S. employer identification no.)
One Wall Street, New York, N.Y. (Address of principal executive offices)	10286 (Zip code)

LENNAR CORPORATION

(Exact name of obligor as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)	95-4337490 (I.R.S. employer identification no.)
11690 NW 105th Street Miami, Florida (Address of principal executive offices)	33178-1103 (Zip code)

Table of Additional Registrants

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
308 Furman, Ltd.	Texas		01-0757175
360 Developers, LLC	Florida		03-0469008
Ann Arundel Farms, Ltd.	Texas		76-0594649
Aquaterra Utilities, Inc.	Florida		59-3674555
Asbury Woods L.L.C.	Illinois		36-4491586
Astoria Options, LLC	Delaware		26-3838861
Autumn Creek Development, Ltd.	Texas		76-0566381
Aylon, LLC	Delaware		74-3135055
Bainebridge 249, LLC	Florida		45-5434000
Bay Colony Expansion 369, Ltd.	Texas		01-0634897
Bay River Colony Development, Ltd.	Texas		None
BB Investment Holdings, LLC	Nevada		None
BCI Properties, LLC	Nevada		None
Bellagio Lennar, LLC	Florida		46-0560657
Belle Meade LEN Holdings, LLC	Florida		27-1137331
Belle Meade Partners, LLC	Florida		20-3287566
BPH I, LLC	Nevada		None
Bramalea California, Inc.	California		95-3426206
Bressi Gardenlane, LLC	Delaware		47-0876961
Builders LP, Inc.	Delaware		43-1981685
Cambria L.L.C.	Illinois		36-4343919
Cary Woods LLC	Illinois		36-4511011
Casa Marina Development, LLC	Florida		55-0817596
Caswell Acquisition Group, LLC	Delaware		None

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Cedar Lakes II, LLC	North Carolina		None
Cherrytree II LLC	Maryland		75-2988548
CL Ventures, LLC	Florida		11-3728443
Coco Palm 82, LLC	Florida		None
Colonial Heritage LLC	Virginia		20-0646289
Concord Station, LLP	Florida		20-0986458
Coto De Caza, Ltd., Limited Partnership	California		33-0738531
Coventry L.L.C.	Illinois		36-4511106
CP Red Oak Management, LLC	Texas		None
CP Red Oak Partners, Ltd.	Texas		20-1064026
CPFE, LLC	Maryland		45-5433728
Creekside Crossing, L.L.C.	Illinois		43-2052256
Danville Tassajara Partners, LLC	Delaware		20-1461254
Darcy-Joliet L.L.C.	Illinois		20-1290431
DBJ Holdings, LLC	Nevada		None
DTC Holdings of Florida, LLC	Florida		45-2118119
Durell 33, LLC	New Jersey		46-2498666
Estates Seven, LLC	Delaware		52-2274380
EV, LLC	Maryland		None
Evergreen Village LLC	Delaware		59-3801488
F&R Florida Homes, LLC	Florida		27-2136138
F&R QVI Home Investments USA, LLC	Delaware		20-8024189
Fidelity Guaranty and Acceptance Corp.	Delaware		76-0168225
FLORDADE LLC	Florida		38-3832923
Fox-Maple Associates, LLC	New Jersey		43-1997377
Friendswood Development Company, LLC	Texas		74-2859478

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Garco Investments, LLC	Florida		65-1151300
Greystone Construction, Inc.	Arizona		86-0864245
Greystone Homes of Nevada, Inc.	Delaware		88-0412604
Greystone Homes, Inc.	Delaware		93-1070009
Greystone Nevada, LLC	Delaware		88-0412611
Greywall Club L.L.C.	Illinois		20-1083688
Hammocks Lennar LLC	Florida		None
Harveston, LLC	Delaware		02-0613649
Haverton L.L.C.	Illinois		30-0057181
HCC Investors, LLC	Delaware		33-0770138
Heathcote Commons LLC	Virginia		20-1178932
Heritage of Auburn Hills, L.L.C.	Michigan		38-3395118
Hewitts Landing Trustee, LLC	Massachusetts		27-2909649
Home Buyer’s Advantage Realty, Inc.	Texas		76-0573246
Homecraft Corporation	Texas		76-0334090
HTC Golf Club, LLC	Colorado		26-0312522
Inactive Companies, LLC	Florida		26-2094631
Independence L.L.C.	Virginia		76-0651137
Isles at Bayshore Club, LLC	Florida		27-2304291
Kendall Hammocks Commercial, LLC	Florida		30-0771295
Lakelands at Easton, L.L.C.	Maryland		03-0501970
Lakeside Farm, LLC	Maryland		None
LCD Asante, LLC	Delaware		26-1131090
Legends Club, LLC	Florida		48-1259544
Legends Golf Club, LLC	Florida		59-3691814
LEN - Belle Meade, LLC	Florida		27-1077754

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
LEN – Palm Vista, LLC	Florida		27-1077269
LEN Paradise Cable, LLC	Florida		27-2559480
LEN Paradise Operating, LLC	Florida		27-2559369
Len Paradise, LLC	Florida		27-0950511
LEN – CG South, LLC	Florida		45-4599963
Lencraft, LLC	Maryland		20-1749015
LENH I, LLC	Florida		56-2349820
Len-Hawks Point, LLC	Florida		45-4049841
Lennar – BVHP, LLC	California		94-3332430
Lennar Aircraft I, LLC	Delaware		20-2424732
Lennar Arizona Construction, Inc.	Arizona		20-5335712
Lennar Arizona, Inc.	Arizona		20-5335505
Lennar Associates Management Holding Company	Florida		31-1806357
Lennar Associates Management, LLC	Delaware		52-2257293
Lennar Avenue One, LLC	Delaware		46-1440494
Lennar Bridges, LLC	California		33-0843355
Lennar Buffington Colorado Crossing, L.P.	Texas		20-2002341
Lennar Buffington Zachary Scott, L.P.	Texas		20-1577414
Lennar Carolinas, LLC	Delaware		20-3150607
Lennar Central Park, LLC	Delaware		20-1087322
Lennar Central Region Sweep, Inc.	Nevada		65-1111068
Lennar Central Texas, L.P.	Texas		20-5336543
Lennar Chicago, Inc.	Illinois		36-3971759
Lennar Colorado Minerals LLC	Colorado		None
Lennar Colorado, LLC	Colorado		20-0451796
Lennar Commercial Investors, LLC	Florida		46-2288424

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Lennar Communities Development, Inc.	Delaware		86-0262130
Lennar Communities Nevada, LLC	Nevada		20-3035653
Lennar Communities of Chicago L.L.C.	Illinois		20-2036535
Lennar Communities, Inc.	California		33-0855007
Lennar Construction, Inc.	Arizona		86-0972186
Lennar Coto Holdings, L.L.C.	California		33-0787906
Lennar Courts, LLC	Florida		46-3122365
Lennar Developers, Inc.	Florida		48-1259540
Lennar Family of Builders GP, Inc.	Delaware		43-1981691
Lennar Family of Builders Limited Partnership	Delaware		43-1981697
Lennar Flamingo, LLC	Florida		46-3111056
Lennar Fresno, Inc.	California		33-1008718
Lennar Gardens, LLC	Florida		27-4501329
Lennar Georgia, Inc.	Georgia		20-8892316
Lennar Greer Ranch Venture, LLC	California		33-0888370
Lennar Heritage Fields, LLC	California		27-3194383
Lennar Hingham Holdings, LLC	Delaware		20-2866090
Lennar Hingham JV, LLC	Delaware		20-2866001
Lennar Homes Holding, LLC	Delaware		16-1641233
Lennar Homes NJ, LLC	Delaware		45-2921631
Lennar Homes of Arizona, Inc.	Arizona		65-0163412
Lennar Homes of California, Inc.	California		93-1223261
Lennar Homes of Texas Land and Construction, Ltd.	Texas		75-2792018
Lennar Homes of Texas Sales and Marketing, Ltd.	Texas		75-2792019
Lennar Homes, LLC	Florida		59-0711505

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Lennar Illinois Trading Company, LLC	Illinois		None
Lennar Imperial Holdings Limited Partnership	Delaware		20-2552367
Lennar International Holding, LLC	Delaware		46-1347038
Lennar International, LLC	Delaware		61-1697090
Lennar Land Partners Sub II, Inc.	Nevada		88-0429001
Lennar Land Partners Sub, Inc.	Delaware		65-0776454
Lennar Layton, LLC	Delaware		26-3797850
Lennar Long Beach Promenade Partners, LLC	Delaware		20-1258506
Lennar Lytle, LLC	Delaware		20-2374724
Lennar Mare Island, LLC	California		33-0789053
Lennar Marina A Funding, LLC	Delaware		27-0762082
Lennar Massachusetts Properties, Inc.	Delaware		20-2681100
Lennar Middletown, LLC	New Jersey		45-5441987
Lennar Multifamily Communities, LLC	Delaware		45-2701002
Lennar New Jersey Properties, Inc.	Delaware		20-2681142
Lennar New York, LLC	New York		20-3160452
Lennar Northeast Properties LLC	New Jersey		20-4874094
Lennar Northeast Properties, Inc.	Nevada		20-2552288
Lennar Northwest, Inc.	Delaware		45-2978961
Lennar Pacific Properties Management, Inc.	Delaware		30-0139878
Lennar Pacific Properties, Inc.	Delaware		88-0412607
Lennar Pacific, Inc.	Delaware		88-0412608
Lennar PI Acquisition, LLC	New Jersey		26-1531638
Lennar PI Property Acquisition, LLC	New Jersey		26-1531376
Lennar PIS Management Company, LLC	Delaware		26-3218984
Lennar PNW, Inc.	Washington		20-2977927

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Lennar Point, LLC	New Jersey		46-0534484
Lennar Port Imperial South, LLC	Delaware		20-2552353
Lennar Realty, Inc.	Florida		76-0683361
Lennar Renaissance, Inc.	California		33-0726195
Lennar Reno, LLC	Nevada		22-3895412
Lennar Rialto Investment LP	Delaware		27-1437879
Lennar Riverside West Urban Renewal Company, L.L.C.	New Jersey		20-2562043
Lennar Riverside West, LLC	Delaware		20-2552385
Lennar Sacramento, Inc.	California		33-0794993
Lennar Sales Corp.	California		95-4716082
Lennar San Jose Holdings, Inc.	California		65-0645170
Lennar Southland I, Inc.	California		33-0801714
Lennar Southwest Holding Corp.	Nevada		91-1933536
Lennar Spencer’s Crossing, LLC	Delaware		20-2906597
Lennar Texas Holding Company	Texas		75-2788257
Lennar Trading Company, LP	Texas		72-1574089
Lennar Ventures, LLC	Florida		26-3103505
Lennar West Valley, LLC	California		20-1342854
Lennar.com Inc.	Florida		65-0980149
Lennar/LNR Camino Palomar, LLC	California		90-0159727
Lennar-Lantana Boatyard, Inc.	Florida		56-2321100
LEN-Ryan 1, LLC	Florida		None
Len-Verandahs, LLP	Florida		20-3021304
LFS Holding Company, LLC	Delaware		65-1105931
LH Eastwind, LLC	Florida		20-0097714

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
LH-EH Layton Lakes Estates, LLC	Arizona		04-3741040
LHI Renaissance, LLC	Florida		02-0680656
LMC Malden Station Investor, LLC	Delaware		30-0754847
LMI (150 OCEAN) INVESTOR, LLC	Delaware		80-0940631
LMI Contractors, LLC	Delaware		80-0838150
LMI Glencoe Dallas Investor, LLC	Delaware		61-1706871
LMI Lakes West Covina Investor, LLC	Delaware		32-0414007
LMI Las Colinas Station, LLC	Delaware		32-0393213
LMI Naperville Investor, LLC	Delaware		37-1709704
LMI Park Central Investor, LLC	Delaware		35-2471697
LMICS, LLC	Delaware		36-4747722
LMI-JC Developer, LLC	Delaware		38-3875832
LMI-JC, LLC	Delaware		90-0843143
LMI–West Seattle, LLC	Delaware		37-1699874
LNC at Meadowbrook, LLC	Illinois		36-0026164
LNC at Ravenna, LLC	Illinois		41-2088272
LNC Communities I, Inc.	Colorado		84-1317557
LNC Communities II, LLC	Colorado		84-1317558
LNC Communities III, Inc.	Colorado		84-1361682
LNC Communities IV, LLC	Colorado		84-1512061
LNC Communities IX, LLC	Colorado		None
LNC Communities V, LLC	Colorado		84-1513989
LNC Communities VI, LLC	Colorado		84-1556776
LNC Communities VII, LLC	Colorado		84-1534329
LNC Communities VIII, LLC	Colorado		84-1553326
LNC Northeast Mortgage, Inc.	Delaware		54-1830770

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
LNC Pennsylvania Realty, Inc.	Pennsylvania		23-2991585
Long Beach Development, LLC	Texas		26-2321011
Lori Gardens Associates II, LLC	New Jersey		20-1944492
Lori Gardens Associates III, LLC	New Jersey		20-1944674
Lori Gardens Associates, L.L.C.	New Jersey		76-0664697
Lorton Station, LLC	Virginia		76-0694499
LW D’Andrea, LLC	Delaware		20-4489534
Madrona Ridge L.L.C.	Illinois		20-0278584
Madrona Village L.L.C.	Illinois		36-4343916
Madrona Village Mews L.L.C.	Illinois		36-0026266
Majestic Woods, LLC	New Jersey		74-3001871
Marble Mountain Partners, LLC	Delaware		41-2076340
Mid-County Utilities, Inc.	Maryland		76-0610395
Mission Viejo 12S Venture, LP	California		33-0615197
Mission Viejo Holdings, Inc.	California		33-0785862
Moffett Meadows Partners, LLC	Delaware		56-2320229
NC Properties I, LLC	Delaware		27-3443043
NC Properties II, LLC	Delaware		27-3443142
Northbridge L.L.C.	Illinois		36-4511102
Northeastern Properties LP, Inc.	Nevada		20-2552328
OHC/Ascot Belle Meade, LLC	Florida		20-3276553
One SR, L.P.	Texas		75-3030507
Palm Gardens At Doral Clubhouse, LLC	Florida		26-0801736
Palm Gardens at Doral, LLC	Florida		20-3959088
Palm Vista Preserve, LLC	Florida		83-0426521
PD-Len Boca Raton, LLC	Delaware		20-8734358

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
PD-Len Delray, LLC	Delaware		20-8734555
PG Properties Holding, LLC	North Carolina		26-4059800
Pioneer Meadows Development, LLC	Nevada		20-0939113
Pioneer Meadows Investments, LLC	Nevada		20-0939094
POMAC, LLC	Maryland		11-3708149
Prestonfield L.L.C.	Illinois		36-4511103
Providence Lakes, LLP	Florida		20-1744772
PT Metro, LLC	Delaware		45-4508755
Raintree Village II L.L.C.	Illinois		20-2118282
Raintree Village L.L.C.	Illinois		20-0090390
Renaissance Joint Venture	Florida		20-0035665
Reserve @ Pleasant Grove II LLC	New Jersey		90-0527127
Reserve @ Pleasant Grove LLC	New Jersey		90-0527123
Reserve at River Park, LLC	New Jersey		72-1537694
Reserve at South Harrison, LLC	New Jersey		76-0682273
Rivendell Joint Venture	Florida		65-0843443
Rivenhome Corporation	Florida		76-0569346
RMV, LLC	Maryland		None
Rutenberg Homes of Texas, Inc.	Texas		76-0215995
Rutenberg Homes, Inc.	Florida		76-0340291
Rye Hill Company, LLC	New York		20-0809495
S. Florida Construction II, LLC	Florida		72-1567303
S. Florida Construction III, LLC	Florida		72-1567302
S. Florida Construction, LLC	Florida		71-0949799
San Lucia, LLC	Florida		20-4372714
Santa Ana Transit Village, LLC	California		45-0512621

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Savannah Development, Ltd.	Texas		76-0654193
Savell Gulley Development, LLC	Texas		26-2592101
Scarsdale, LTD.	Texas		27-0080619
Schulz Ranch Developers, LLC	Delaware		20-4092311
Seminole/70th, LLC	Florida		56-2529886
Siena at Old Orchard L.L.C.	Illinois		20-1476765
South Development, LLC	Florida		20-2581567
Southbank Holding, LLC	Florida		45-2420546
Spanish Springs Development, LLC	Nevada		76-0672277
St. Charles Active Adult Community, LLC	Maryland		20-1659598
Stoney Corporation	Florida		59-3374931
Stoney Holdings, LLC	Florida		27-5428554
Stoneybrook Clubhouse, Inc.	Florida		76-0555539
Stoneybrook Joint Venture	Florida		59-3386329
Strategic Cable Technologies, L.P.	Texas		20-1179138
Strategic Holdings, Inc.	Nevada		91-1770357
Strategic Technologies, LLC	Florida		65-0523605
Summerfield Venture L.L.C.	Illinois		20-0753624
Summerwood, LLC	Maryland		27-0045425
SunStreet Energy Group, LLC	Delaware		90-0889251
TCO QVI, LLC	Delaware		45-3568663
Temecula Valley, LLC	Delaware		43-1971997
Terra Division, LLC	Minnesota		None
The Baywinds Land Trust	Florida		11-6591848
The Bridges at Rancho Santa Fe Sales Company, Inc.	California		33-0886703

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
The Bridges Club at Rancho Santa Fe, Inc.	California		33-0867612
The LNC Northeast Group, Inc.	Delaware		54-1774997
The Preserve at Coconut Creek, LLC	Florida		20-3287825
Treviso Holding, LLC	Florida		45-1961704
Tustin Villas Partners, LLC	Delaware		41-2076342
Tustin Vistas Partners, LLC	Delaware		32-0054237
U.S. Home Corporation	Delaware		52-2227619
U.S. Home of Arizona Construction Co.	Arizona		74-2402824
U.S. Home Realty, Inc.	Texas		76-0136964
U.S.H. Los Prados, Inc.	Nevada		88-0232393
U.S.H. Realty, Inc.	Maryland		74-2765031
USH – Flag, LLC	Florida		26-3984776
USH Equity Corporation	Nevada		76-0450341
USH LEE, LLC	Florida		27-5368263
USH Woodbridge, Inc.	Texas		76-0561576
UST Lennar GP PIS 10, LLC	Delaware		26-3219799
UST Lennar GP PIS 7, LLC	Delaware		26-3219172
UST Lennar HW Scala SF Joint Venture	Delaware		26-3262077
Valencia at Doral, LLC	Florida		20-3959040
Vineyard Point 2009, LLC	California		26-4562548
WCP, LLC	South Carolina		51-0461143
West Chocolate Bayou Development, LLC	Texas		26-2320867
West Lake Village, LLC	New Jersey		23-2861558
West Seattle Project X, LLC	Delaware		35-2460935
West Van Buren L.L.C.	Illinois		36-4347398
Westchase, Inc.	Nevada		91-1954138

Name of Co-Registrant	Jurisdiction of Incorporation or Organization	I.R.S. Employer Identification No.
Willowbrook Investors, LLC	New Jersey		76-0687252
Woodbridge Multifamily Developer I, LLC	Delaware		45-2921413
Wright Farm, L.L.C.	Virginia		76-0629136

700 Northwest 107^th Avenue Miami, Florida (Address of principal executive offices) 33172 (Zip code)

Debt Securities

and Guarantees of 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 the Department of Financial Services of the State of New York	One State Street, New York, N.Y. 10004-1417, 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, N.Y. 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. 333-188382).

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. 333-188382).

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 29th day of September, 2014.

THE BANK OF NEW YORK MELLON
By:	/s/ James Briggs
	Name: James Briggs Title: Associate

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 June 30, 2014, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

ASSETS	Dollar amounts in thousands
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin		5,282,000
Interest-bearing balances		138,607,000
Securities:
Held-to-maturity securities		18,355,000
Available-for-sale securities		82,311,000
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices		118,000
Securities purchased under agreements to resell		6,688,000
Loans and lease financing receivables:
Loans and leases held for sale		0
Loans and leases, net of unearned income		37,247,000
LESS: Allowance for loan and lease losses		172,000
Loans and leases, net of unearned income and allowance		37,075,000
Trading assets		6,553,000
Premises and fixed assets (including capitalized leases)		1,136,000
Other real estate owned		4,000
Investments in unconsolidated subsidiaries and associated companies		1,129,000
Direct and indirect investments in real estate ventures		0
Intangible assets:
Goodwill		6,532,000
Other intangible assets		1,224,000
Other assets		14,304,000
Total assets		319,318,000

	Dollar amounts in thousands
LIABILITIES
Deposits:
In domestic offices		144,051,000
Noninterest-bearing		99,613,000
Interest-bearing		44,438,000
In foreign offices, Edge and Agreement subsidiaries, and IBFs		132,565,000
Noninterest-bearing		9,946,000
Interest-bearing		122,619,000
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices		471,000
Securities sold under agreements to repurchase		3,305,000
Trading liabilities		4,918,000
Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)		4,273,000
Not applicable
Not applicable
Subordinated notes and debentures		1,065,000
Other liabilities		7,677,000
Total liabilities		298,325,000
EQUITY CAPITAL
Perpetual preferred stock and related surplus		0
Common stock		1,135,000
Surplus (exclude all surplus related to preferred stock)		10,008,000
Retained earnings		9,895,000
Accumulated other comprehensive income		-395,000
Other equity capital components		0
Total bank equity capital		20,643,000
Noncontrolling (minority) interests in consolidated subsidiaries		350,000
Total equity capital		20,993,000
Total liabilities and equity capital		319,318,000

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.

Gerald L. Hassell Catherine A. Rein Michael J. Kowalski                         Directors