EX-25.1 7 exhibit251.htm Exhibit 25.1

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)

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota		 55402
(Address of principal executive offices) (Zip Code)

Paul D. Allen
U.S. Bank National Association
One Federal Street
Boston, MA 02110
(617) 603-6549
(Name, address and telephone number of agent for service)

BB&T Corporation
(Issuer with respect to the Securities)

       North Carolina 56-0939887
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
   

200 West Second Street
Winston-Salem, North Carolina		 27101
(Address of Principal Executive Offices) (Zip Code)

Debt Securities

FORM T-1

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.

b)

Whether it is authorized to exercise corporate trust powers.
               Yes

Item 2.  

AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
          None

Items 3-15  

Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16.  

LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1.

A copy of the Articles of Association of the Trustee.*

2.

A copy of the certificate of authority of the Trustee to commence business.*

3.

A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

4.

A copy of the existing bylaws of the Trustee.*

5.

A copy of each Indenture referred to in Item 4. Not applicable.

6.

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7.

Report of Condition of the Trustee as of December 31, 2004, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

          * Incorporated by reference to Registration Number 333-67188.

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NOTE

          The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

SIGNATURE

          Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK 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 Boston, Commonwealth of Massachusetts on the 4th day of May, 2005

  U.S. BANK NATIONAL ASSOCIATION
   
  By:  /s/ Paul D. Allen   
         Paul D. Allen
         Vice President








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Exhibit 6

CONSENT

          In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: May 5, 2005

  U.S. BANK NATIONAL ASSOCIATION
   
  By: /s/ Paul D. Allen
  Paul D. Allen
  Vice President







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Exhibit 7

U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2004

($000’s)

Date: March 7, 2005

  12/31/2004
Assets  
    Cash and Due From Depository Institutions     $ 6,340,324  
    Federal Reserve Stock       0  
    Securities       41,160,517  
    Federal Funds       2,727,496  
    Loans & Lease Financing Receivables       122,755,374  
    Fixed Assets       1,791,705  
    Intangible Assets       10,104,022  
    Other Assets       9,557,200  
        Total Assets     $ 194,436,638  
 
Liabilities    
    Deposits     $ 128,301,617  
    Fed Funds       8,226,759  
    Treasury Demand Notes       0  
    Trading Liabilities       156,654  
    Other Borrowed Money       25,478,470  
    Acceptances       94,553  
    Subordinated Notes and Debentures       6,386,971  
    Other Liabilities       5,910,141  
    Total Liabilities     $ 174,555,165  
 
Equity    
    Minority Interest in Subsidiaries     $ 1,016,160  
    Common and Preferred Stock       18,200  
    Surplus       11,792,288  
    Undivided Profits       7,054,825  
        Total Equity Capital     $ 19,881,473  
 
Total Liabilities and Equity Capital     $ 194,436,638