DLJ MORTGAGE ACCEPTANCE CORP
8-K, EX-25.1, 2000-12-22
ASSET-BACKED SECURITIES
Previous: DLJ MORTGAGE ACCEPTANCE CORP, 8-K, 2000-12-22
Next: SOLECTRON CORP, 8-K, 2000-12-22



       -------------------------------------------------------------------

                       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 CHASE MANHATTAN BANK
               (Exact name of trustee as specified in its charter)


NEW YORK                                                              13-4994650
(State of incorporation                                         (I.R.S. employer
if not a national bank)                                      identification No.)

270 PARK AVENUE
NEW YORK, NEW YORK                                                         10017
(Address of principal executive offices)                              (Zip Code)

                               William H. McDavid
                                 General Counsel
                                 270 Park Avenue
                            New York, New York 10017
                               Tel: (212) 270-2611
            (Name, address and telephone number of agent for service)
            ---------------------------------------------------------

                              DLJ ABS TRUST 2000-6
               (Exact name of obligor as specified in its charter)

DELAWARE                                                             APPLIED FOR
(State or other jurisdiction of                                 (I.R.S. employer
incorporation or organization)                               identification No.)


C/O CHASE MANHATTAN BANK U.S.A., N.A.
1201 MARKET STREET
WILMINGTON, DE                                                             19801
 (Address of principal executive offices)                             (Zip Code)

                                    -------
                               Asset-Backed Notes
                       (Title of the indenture securities)


<PAGE>




                                     GENERAL


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.

     New York State Banking Department, State House, Albany, New York 12110.

     Board of Governors of the Federal Reserve System, Washington, D.C., 20551.

     Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New
York, N.Y. 10045.

     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.








                                      - 2 -





<PAGE>



Item 16.     List of Exhibits

   List below all exhibits filed as a part of this Statement of Eligibility.

   1. A copy of the Articles of Association of the Trustee as now in effect,
including the Organization Certificate and the Certificates of Amendment dated
February 17, 1969, August 31, 1977, December 31, 1980, September 9, 1982,
February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1
filed in connection with Registration Statement No. 333-06249, which is
incorporated by reference).

   2. A copy of the Certificate of Authority of the Trustee to Commence Business
(see Exhibit 2 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference. On July 14, 1996, in connection
with the merger of Chemical Bank and The Chase Manhattan Bank (National
Association), Chemical Bank, the surviving corporation, was renamed The Chase
Manhattan Bank).

   3. None, authorization to exercise corporate trust powers being contained in
the documents identified above as Exhibits 1 and 2.

   4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1
filed in connection with Registration Statement No. 333-06249, which is
incorporated by reference).

   5. Not applicable.

   6. The consent of the Trustee required by Section 321(b) of the Act (see
Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference. On July 14, 1996, in connection
with the merger of Chemical Bank and The Chase Manhattan Bank (National
Association), Chemical Bank, the surviving corporation, was renamed The Chase
Manhattan Bank).

   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.

                                    SIGNATURE

   Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee,
The Chase Manhattan Bank, 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 22nd day of December, 2000.

   THE CHASE MANHATTAN BANK

    By                       /s/ Mary Boyle
      --------------------------------------------------------
                             Mary Boyle
                             Assistant Vice President



                                       -3-







<PAGE>



                              Exhibit 7 to Form T-1


                                Bank Call Notice

                             RESERVE DISTRICT NO. 2
                       CONSOLIDATED REPORT OF CONDITION OF

                            The Chase Manhattan 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 September 30, 2000,
       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 .......................................            $ 17,515
  Interest-bearing balances ...............................               4,770
Securities:  ..............................................
Held to maturity securities................................                 598
Available for sale securities..............................              62,624
Federal funds sold and securities purchased under
  agreements to resell ....................................              30,503
Loans and lease financing receivables:
  Loans and leases, net of unearned income         $155,252
  Less: Allowance for loan and lease losses           2,445
  Less: Allocated transfer risk reserve .........         0
                                                   --------
  Loans and leases, net of unearned income,
  allowance, and reserve ..................................             152,807
Trading Assets ............................................              51,438
Premises and fixed assets (including capitalized
  leases)..................................................               4,205
Other real estate owned ...................................                  17
Investments in unconsolidated subsidiaries and
  associated companies.....................................                 379
Customers' liability to this bank on acceptances
  outstanding .............................................                 491
Intangible assets .........................................               4,386
Other assets ..............................................              16,471
                                                                         ------
TOTAL ASSETS ..............................................            $346,204
                                                                       ========


                                      - 4 -



<PAGE>


                                   LIABILITIES
Deposits
  In domestic offices .....................................            $119,935
  Noninterest-bearing ............................. $46,678
  Interest-bearing ................................  73,257
  In foreign offices, Edge and Agreement
  subsidiaries and IBF's ..................................              92,814
Noninterest-bearing ...............................  $6,054
  Interest-bearing ................................  86,760

Federal funds purchased and securities sold under agree-
ments to repurchase .......................................              51,959
Demand notes issued to the U.S. Treasury ..................                 750
Trading liabilities .......................................              35,146
Other borrowed money (includes mortgage indebtedness
  and obligations under capitalized leases):
  With a remaining maturity of one year or less ...........               5,226
    With a remaining maturity of more than one year
         through three years...............................                   0
    With a remaining maturity of more than three years.....                  95
Bank's liability on acceptances executed and outstanding                    491
Subordinated notes and debentures .........................               5,874
Other liabilities .........................................              12,460

TOTAL LIABILITIES .........................................             324,750

                                 EQUITY CAPITAL

Perpetual preferred stock and related surplus                                 0
Common stock ..............................................               1,211
Surplus  (exclude all surplus related to preferred stock)..              12,991
Undivided profits and capital reserves ....................               8,278
Net unrealized holding gains (losses)
on available-for-sale securities ..........................              (1,043)
Accumulated net gains (losses) on cash flow hedges.........                   0
Cumulative foreign currency translation adjustments .......                  17
TOTAL EQUITY CAPITAL ......................................              21,454
                                                                       --------
TOTAL LIABILITIES AND EQUITY CAPITAL ......................            $346,204
                                                                       ========

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           ) DIRECTORS
                          H. LAURANCE FULLER         )


                                       -5-


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission