Ally Financial Inc. – ‘S-3’ on 10/6/94 – EX-26

As of:  Thursday, 10/6/94   ·   Accession #:  40729-94-213   ·   File #:  33-55799

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Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered         46    251K 
                          Pursuant to a Transaction                              
 3: EX-5        Consent of Counsel                                     1      8K 
 2: EX-12       Ratio of Earnings                                      2±     7K 
 4: EX-24       Consent of Auditors                                    1      6K 
 5: EX-26       Statement of Eligibility                               4     20K 

EX-26   —   Statement of Eligibility
Exhibit Table of Contents

EX-26
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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) ___        
________________________        

CITIBANK, N.A.        
(Exact name of trustee as specified in its charter)       

                          13-5266470
                                (I.R.S. employer
                                   identification no.)

399 Park Avenue, New York, New York             10043                           
(Address of principal executive office)         (Zip Code)                      
_______________________       

GENERAL MOTORS ACCEPTANCE CORPORATION       
(Exact name of obligor as specified in its charter)       

New York                                        38-0572512                      
(State or other jurisdiction of                 (I.R.S. employer                
incorporation or organization)                  identification no.)             

767 FIFTH AVENUE                                10153                           
NEW YORK, NEW YORK                              (Zip Code)                      

3044 WEST GRAND BLVD.,                          48202                           
DETROIT, MICHIGAN                               (Zip Code)                      
(Address of principal executive offices)                                        

_______________________       

MEDIUM TERM NOTES DUE FROM A MINIMUM        
OF 9 MONTHS FROM DATE OF ISSUE        
(Title of the indenture securities)       

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.                                    

Name                                      Address       
  Comptroller of the Currency               Washington, D.C.
Federal Reserve Bank of New York          New York, NY  
  Federal Deposit Insurance Corporation     Washington, D.C.

(b)   Whether it is authorized to exercise corporate trust powers.  

Yes.                                                    

EX-26
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Item 2.     Affiliations with Obligor.                                          
    If the obligor is an affiliate of the trustee, describe each
such affiliation.                                       

None.                                       

Item 16.    List of Exhibits.                                                   

      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 June 30, 1994 - attached)                    

Exhibit 8 - Not applicable.                             

Exhibit 9 - Not applicable.                             

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 5th day of October, 1994.                             

CITIBANK, N.A.                                                                  

        By:   /s/ Robert T. Kirchner
              ______________________
          Robert T. Kirchner
      Vice President

2       

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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               
June 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        
                                     Thousands
                                      of dollars
Cash and balances due from                                                      
depository institutions:                                                
Noninterest-bearing balances                                                
and currency and coin                                 $  7,024,000      
Interest-bearing balances:                                 7,846,000        
Securities:                                                                 
Held-to-maturity securities                                3,669,000        
Available-for-sale securities                             10,700,000        
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                                                 1,498,000        
Securities purchased under                                                  
agreements to resell                                       1,461,000        
Loans and lease financing receivables:                                          
Loans and leases, net of                                                    
unearned income                       $121,910,000                      
LESS: Allowance for loan and                                                    
lease losses                               3,718,000                        
                ------------
Loans and leases, net of unearned                                               
income and allowance                                     118,192,000        
Assets held in trading accounts                             47,048,000          
Premises and fixed assets                                                       
(including capitalized leases)                             3,168,000        
Other real estate owned                                      3,022,000          
Investments in unconsolidated                                                   
subsidiaries and associated companies                        961,000        
Customers' liability to this bank on                                            
acceptances outstanding                                    1,311,000        
Intangible assets                                               15,000          
Other assets                                                 7,922,000          
                                                ------------
TOTAL ASSETS                                              $213,837,000          
                                                ============

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LIABILITIES       
Deposits:                                                                       
In domestic offices                                     $ 34,375,000        
Noninterest-bearing                   $ 12,543,000                      
Interest-bearing                        21,832,000                      
                ------------
In foreign offices, Edge and Agreement                                      
subsidiaries, and IBFs                                 101,733,000      
Noninterest-bearing                    7,573,000                    
Interest-bearing                      94,160,000                    
                ------------
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                                  4,689,000      
Securities sold under agreements                                        
to repurchase                                          1,711,000    
Trading liabilities                                         32,503,000          
Other borrowed money:                                                           
With original maturity of one year                                        
or less                                                   7,589,000       
With original maturity of more than                                       
one year                                                  4,150,000       
Mortgage indebtedness and obligations                                           
under capitalized leases                                      71,000        
Bank's liability on acceptances                                                 
executed and outstanding                                   1,329,000        
Notes and debentures subordinated                                               
to deposits                                                4,700,000        
Other liabilities                                            8,867,000          
                                                ------------
TOTAL LIABILITIES                                         $201,717,000          
                                                ============
EQUITY CAPITAL        

Common stock                                              $    751,000          
Surplus                                                      5,944,000          
Undivided profits and capital reserves                       5,843,000          
Net unrealized holding gains (losses)                                           
on available-for-sale securities                             189,000        
Cumulative foreign currency translation                                         
adjustments                                                 (607,000)       
                                                ------------
TOTAL EQUITY CAPITAL                                      $ 12,120,000          
                                                ------------
TOTAL LIABILITIES AND EQUITY CAPITAL                      $213,837,000          
                                                ============
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.                                           

CHRISTOPHER J. STEFFEN                                                          
PEI-YUAN CHIA                                                                   
WILLIAM R. RHODES                                Directors                      

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘S-3’ Filing		Date		First		Last			Other Filings
Filed on:		10/6/94							424B3,  S-3/A
		6/30/94		2		3			10-Q
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