<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 17, 1999
(Date of earliest event reported)
The CIT Group Securitization Corporation II
The CIT Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-20615 22-3328188
001-01861 22-3411516
(Commission File Number) (IRS Employer Identification No.)
650 CIT Drive
Livingston, New Jersey 07039-0491
1211 Avenue of the Americas
New York, New York 10036
(Address of principal executive offices and zip code)
(973) 740-5000
(212) 536-1950
Registrants' telephone number, including area code
N/A
(Former name or former address, if changed since last report)
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Item 7. Financial Statements and Exhibits.
---------------------------------
(c) Exhibits.
The following are filed herewith. The exhibit numbers
correspond with Item 601(b) of Regulation S-K.
Exhibit No. Description
- ---------- -----------
25 Statement of Eligibility of Trustee
SIGNATURE
----------
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
The CIT Group Securitization
Corporation II
By: /s/ Joseph M. Leone
-------------------
Name: Joseph M. Leone
Title: Executive Vice President
& Chief Financial Officer
The CIT Group, Inc.
By: /s/ Joseph M. Leone
-------------------
Name: Joseph M. Leone
Title: Executive Vice President
& Chief Financial Officer
Dated: May 17, 1999
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EXHIBIT 25
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
____________________
FMB BANK
(Exact name of trustee as specified in its charter)
Maryland 52-0312840
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or formation)
25 South Charles Street
Baltimore, Maryland 21201
(Address of principal (Zip code)
executive offices)
Gregory K. Thoreson, General Counsel
FMB Bank
25 South Charles Street
Baltimore, Maryland 21201
(410) 244-3800
(Name, address and telephone number of agent
for service of process)
The CIT Group Securitization Corporation II
(Exact name of obligor as specified in its charter)
Delaware 22-3328188
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or formation)
650 CIT Drive
Livingston, New Jersey 07039
(Address of principal (Zip Code)
executive offices)
CIT RV Trust 1999-A
(Title of the indenture securities)
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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.
Federal Reserve Bank of Richmond, Richmond, Virginia 23261
Maryland Bank Commission, Baltimore, Maryland 21201
Federal Deposit Insurance Corporation, Washington, D.C. 20429.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
(Because responses from the obligor and the underwriters have not yet
been received, Item 2 is at the date hereof based upon incomplete
information but is believed to be correct and may be considered to be
complete unless modified by an amendment to this Form T-1).
Item 16. List of Exhibits.
List below all exhibits filed as a part of this statement of
eligibility.
Exhibit
- -------
1 A copy of the articles of association of the trustee as now
in effect is incorporated herein by reference to Exhibit 1 to Form T-1
(Exhibit 25 to the Registration Statement on Form S-3, Registration No.
333-27305)
2 A copy of the certificate of authority of the trustee to
commence business is incorporated herein by reference to Exhibit T1-2 to
Form T-1 (Exhibit 26 to the Registration Statement on Form S-2,
Registration No. 2-98697)
3 A copy of the authorization of the trustee to exercise
corporate trust powers is incorporated herein by reference to Exhibit
T1-3 of Amendment No. 1 to Form T-1 (Exhibit 26 to the Registration
Statement on Form S-3, Registration No. 33-18373)
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4 A copy of the existing bylaws of the trustee is incorporated
herein by reference to Exhibit 4 to Form T-1 (Exhibit 25 to the
Registration Statement on Form S-3, Registration No. 333-27305)
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
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, FMB Bank, a corporation organized and existing under the laws
of the state of Maryland, has duly caused this statement of eligibility
to be signed on its behalf by the undersigned, thereunto duly
authorized, all in the City of Baltimore and State of Maryland, on May
11, 1999.
FMB Bank
By: /s/Robert D. Brown
------------------
Robert D. Brown
Vice President
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Exhibit 6
- ---------
Consent of Trustee
------------------
Pursuant to the requirements of Section 321(b) of the Trust Indenture
Act of 1939, in connection with the issuance by CIT Group Securitization
Corporation II, we hereby consent that reports of examination by
Federal, state, territorial or district authorities may be furnished by
such authorities to the Securities and Exchange Commission upon request
therefor.
FMB Bank
By: /s/Robert D. Brown
-----------------------
Robert D. Brown
Vice President
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Exhibit 7
- ---------
Report of Condition Consolidating Domestic and Foreign Subsidiaries of
FMB Bank, Baltimore, Maryland, at the close of business on December 31,
1998 published in response to call made by Comptroller of the Currency,
under Title 12, United States Code, Section 161, Charter No. 04822,
Comptroller of the Currency, Richmond District.
CONSOLIDATED REPORT OF CONDITION
(Dollars in Thousands)
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin......$1,199,940
Interest-bearing balance.....................................6,943
Securities:
Held-to-maturity securities...................................-0-
Available-for-sale securities...........................4,602,042
Federal funds sold and securities purchased under
agreements to resell.........................................123,418
Loans and lease financing receivables:
Loans and leases, net of unearned income.................10,501,474
LESS: Allowance for loan and lease losses..................154,697
LESS: Allocated transfer risk reserve 1,400
Loans and leases, net of unearned income, allowance,
and reserve..............................................10,345,377
Trading assets...................................................118,269
Premises and fixed assets (including capitalized leases).........188,979
Other real estate owned...........................................12,416
Investments in unconsolidated subsidiaries and
associated companies.........................................58,643
Customers' liability to this bank on acceptances outstanding......12,253
Intangible assets.................................................91,109
Other assets.....................................................355,315
TOTAL ASSETS..................................................17,114,704
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LIABILITIES
Deposits:
In domestic offices..........................................$11,898,282
Noninterest-bearing...............................3,228,185
Interest-bearing..................................8,610,097
In foreign offices, Edge and Agreement subsidiaries, and IBFs....517,687
Noninterest-bearing.........................................-0-
Interest-bearing........................................517,687
Federal funds purchased and securities sold under agreements to
repurchase 2,223,081
Demand notes issued to the U.S. Treasury 56,020
Trading liabilities 71,866
Other borrowed money:
With a remaining maturity of one year or less -0-
With a remaining maturity of more than one year
through three years 200,000
With a remaining maturity of more than three years 239
Bank's liability on acceptances executed and outstanding 12,253
Subordinated notes and debentures 219,000
Other liabilities 565,161
TOTAL LIABILITIES $15,763,589
EQUITY CAPITAL
Perpetual preferred stock and related surplus -0-
Common Stock 18,448
Surplus 765,562
Undivided profits and capital reserves 543,808
Net unrealized holding gains (losses) on available-for-sale
securities 23,297
Cumulative foreign currency translation adjustments -0-
TOTAL EQUITY CAPITAL $1,351,115
TOTAL LIABILITIES AND EQUITY CAPITAL $17,114,704
