EX-25 14 stanex7.txt EX. 25.2.7 (EX. TO FORM T-1 TO EX. 25.2) Exhibit 7 to Form T-1 Bank Call Notice RESERVE DISTRICT NO. 2 CONSOLIDATED REPORT OF CONDITION OF JPMorgan Chase Bank 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 June 30, 2003, 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 Millions Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin ........................................... $ 22,657 Interest-bearing balances ................................... 10,600 Securities: Held to maturity securities....................................... 268 Available for sale securities..................................... 76,771 Federal funds sold and securities purchased under agreements to resell ............................................. Federal funds sold in domestic offices ...................... 3,844 Securities purchased under agreements to resell.............. 86,290 Loans and lease financing receivables: Loans and leases held for sale............................... 31,108 Loans and leases, net of unearned income..................... $166,046 Less: Allowance for loan and lease losses.................... 3,735 Loans and leases, net of unearned income and allowance....... 162,311 Trading Assets.................................................... 186,546 Premises and fixed assets (including capitalized leases).......... 6,142 Other real estate owned........................................... 133 Investments in unconsolidated subsidiaries and associated companies......................................... 696 Customers' liability to this bank on acceptances outstanding...... 225 Intangible assets Goodwill.................................................. 2,201 Other Intangible assets................................... 3,058 Other assets...................................................... 68,983 TOTAL ASSETS ..................................................... $661,833 ======== LIABILITIES Deposits In domestic offices ........................................ $189,571 Noninterest-bearing ........................................ $ 82,747 Interest-bearing ........................................... 106,824 In foreign offices, Edge and Agreement subsidiaries and IBF's .................................. 125,990 Noninterest-bearing......................................... $ 6,025 Interest-bearing ........................................... 119,965 Federal funds purchased and securities sold under agreements to repurchase: Federal funds purchased in domestic offices................. 4,978 Securities sold under agreements to repurchase.............. 114,181 Trading liabilities ............................................. 129,299 Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)................... 10,186 Bank's liability on acceptances executed and outstanding......... 225 Subordinated notes and debentures ............................... 8,202 Other liabilities ............................................... 41,452 TOTAL LIABILITIES ............................................... 624,084 Minority Interest in consolidated subsidiaries................... 104 EQUITY CAPITAL Perpetual preferred stock and related surplus.................... 0 Common stock .................................................... 1,785 Surplus (exclude all surplus related to preferred stock)........ 16,304 Retained earnings................................................ 18,426 Accumulated other comprehensive income........................... 1,130 Other equity capital components.................................. 0 TOTAL EQUITY CAPITAL ............................................ 37,645 -------- TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL $661,833 ======== 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 in- structions issued by the appropriate Federal regulatory authority and is true and correct. WILLIAM B. HARRISON, JR.) HANS W. BECHERER ) FRANK A. BENNACK, JR. )