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Registration Number 033-55429
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
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CITIBANK, N.A.
(Exact name of trustee as specified in its charter)
399 Park Avenue, New York, New York 13-5266470
(Address of principal executive offices) (I.R.S. employer identification no.)
10043
(Zip Code)
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NORWEST CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 41-0449260
(State or other jurisdiction of (I.R.S. employer identification no.)
incorporation or organization)
Norwest Center
Sixth and Marquette 55479
Minneapolis, MN (Zip Code)
(Address of principal executive offices)
Senior Debt Securities
(Title of the indenture securities)
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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.
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Name Address
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<S> <C>
Comptroller of the Currency Washington, D.C.
Federal Reserve Bank of New York New York, N.Y.
Federal Deposit Insurance Corporation Washington, D.C.
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(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
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Exhibit 1 - Copy of Articles of Association of the Trustee, as now in
effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983).
Exhibit 2 - Copy of certificate of authority of the Trustee to commence
business. (Exhibit 2 to T-1 to Registration Statement No. 2-29577).
Exhibit 3 - Copy of authorization of the Trustee to exercise corporate
trust powers. (Exhibit 3 to T-1 to Registration Statement No. 2-55519).
Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 to
Registration Statement No. 33-34988).
Exhibit 5 - Not applicable.
Exhibit 6 - The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939. (Exhibit 6 to T-1 to Registration Statement
No. 33-19227).
Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as
of September 30, 1994 - attached).
Exhibit 8 - Not applicable.
Exhibit 9 - Not applicable.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee,
Citibank, N.A., 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 New York and State of New York, on the 19th day
of January, 1995.
CITIBANK, N.A.
By /s/ Florence Mills
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Florence Mills
Senior Trust Officer
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Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATING
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
Citibank, N. A.
of New York in the State of New York, at the close of business on September 30,
1994, published in response to call made by Comptroller of the Currency, under
Title 12, United States Code, Section 161. Charter Number 1461 Comptroller of
the Currency Northeastern District.
ASSETS
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<CAPTION>
Thousands
of dollars
<S> <C>
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin............ $ 6,482,000
Interest-bearing balances..................................... 7,724,000
Securities:
Held-to-maturity securities................................... 3,836,000
Available-for-sale securities................................. 12,275,000
Federal funds sold and securities purchased under agreements to
resell in domestic offices of the bank and of its Edge and
Agreement subsidiaries, and in IBFs: Federal funds sold....... 1,954,000
Securities purchased under agreements to resell............... 1,613,000
Loans and lease financing receivables:
Loans and leases, net of unearned income...................... $124,721,000
LESS: Allowance for loan and lease losses..................... 3,871,000
Loans and leases, net of unearned income and allowance........ 120,850,000
Assets held in trading accounts................................. 39,855,000
Premises and fixed assets (including capitalized leases)........ 3,173,000
Other real estate owned......................................... 2,689,000
Investments in unconsolidated subsidiaries and associated
companies..................................................... 1,010,000
Customers' liability to this bank on acceptances outstanding.... 1,404,000
Intangible assets............................................... 14,000
Other assets.................................................... 7,463,000
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TOTAL ASSETS.................................................... $210,342,000
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LIABILITIES
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<S> <C>
Deposits:
In domestic offices........................................... $ 32,505,000
Noninterest-bearing......................................... $ 11,333,000
Interest-bearing............................................ 21,172,000
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In foreign offices, Edge and Agreement subsidiaries, and IBFs... 105,210,000
Noninterest-bearing......................................... 7,568,000
Interest-bearing............................................ 97,642,000
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Federal funds purchased and securities sold under agreements
to repurchase in domestic offices of the bank and of its Edge
and Agreement subsidiaries, and in IBFs:
Federal funds purchased....................................... 5,588,000
Securities sold under agreements to repurchase................ 1,390,000
Trading liabilities............................................. 25,140,000
Other borrowed money:
With original maturity of one year or less.................... 8,448,000
With original maturity of more than one year.................. 3,751,000
Mortgage indebtedness and obligations under capitalized leases.. 61,000
Bank's liability on acceptances executed and outstanding........ 1,425,000
Notes and debentures subordinated to deposits................... 5,200,000
Other liabilities............................................... 8,813,000
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TOTAL LIABILITIES............................................... $197,531,000
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EQUITY CAPITAL
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<S> <C>
Common stock.................................................... $ 751,000
Surplus......................................................... 6,006,000
Undivided profits and capital reserves.......................... 6,402,000
Net unrealized holding gains (losses) on available-for-sale
securities.................................................... 228,000
Cumulative foreign currency translation adjustments............. (576,000)
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TOTAL EQUITY CAPITAL............................................ $ 12,811,000
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TOTAL LIABILITIES AND EQUITY CAPITAL............................ $210,342,000
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I, Roger W. Trupin, Controller 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.
ROGER W. TRUPIN
We, the undersigned directors, attest to the correctness of this Report of
Condition. 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.
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CHRISTOPHER J. STEFFEN +
WILLIAM R. RHODES + Directors
PAUL J. COLLINS +
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