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National Rural Utilities Cooperative Finance Corp/DC – ‘S-3’ on 5/26/00 – ‘EX-25’

On: Friday, 5/26/00, at 2:28pm ET · As of: 5/25/00 · Accession #: 70502-0-162 · File #: 333-37940

  As Of                Filer                Filing    For·On·As Docs:Size

 5/25/00  Nat’l Rural Utilities Co… Corp/DC S-3         5/26/00    5:153K

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         18     77K 
                          Pursuant to a Transaction                              
 3: EX-4.1      Instrument Defining the Rights of Security Holders    40    149K 
 4: EX-4.2      Instrument Defining the Rights of Security Holders     4     16K 
 5: EX-4.3      Instrument Defining the Rights of Security Holders     2±     7K 
 2: EX-25       Statement re: Eligibility of Trustee                   7     27K

EX-25 — Statement re: Eligibility of Trustee
Exhibit Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Affiliations With the Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation General Information. Furnish the following information as to the trustee: List of exhibits. List below all exhibits filed as a part of this Statement of Eligibility
1	1st Page - Filing Submission
2	Item 1. General Information. Furnish the following information as to the trustee:
"	Item 2. Affiliations With the Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation
"	Item 16. List of exhibits. List below all exhibits filed as a part of this Statement of Eligibility

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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

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) __

BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association 31-0838515
(I.R.S. employer
identification number)

100 East Broad Street, Columbus, Ohio 43271-0181
(Address of principal executive offices) (Zip Code)

Bank One Trust Company, National Association
100 East Broad Street
Columbus, Ohio 43271-0181
Attn: Steven M. Wagner, Director, (312) 407-1819
(Name, address and telephone number of agent for service)

National Rural Utilities Cooperative Finance Corporation
(Exact name of obligor as specified in its charter)

District of Columbia 52-089-1669
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)

2201 Cooperative Way
Herndon, Virginia 20171-3025
(Address of principal executive offices) (Zip Code)

Variable Denomination Floating Rate Demand Notes
(Title of 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.

Comptroller of Currency, Washington, D.C.;
Federal Deposit Insurance Corporation,
Washington, D.C.; The Board of Governors of
the Federal Reserve System, Washington D.C.

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

The trustee is authorized to exercise corporate
trust powers.

Item 2. Affiliations With the Obligor. If the obligor
is an affiliate of the trustee, describe each
such affiliation.

No such affiliation exists with the trustee.

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 now in effect.*

2. A copy of the certificate of authority of the
trustee to commence business.*

3. A copy of the authorization of the trustee to
exercise corporate trust powers.*

4. A copy of the existing by-laws of the trustee.*

5. Not Applicable.

6. The consent of the trustee required by
Section 321(b) of the Act.

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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.

Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bank One Trust Company, National Association, 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 Chicago and State of Illinois, on the 11th day of May, 2000.

Bank One Trust Company, National Association,
Trustee

By /s/ Steven M. Wagner
Steven M. Wagner
Director

*Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 of Bank One Trust
Company, National Association, filed as Exhibit 25 to the Registration
Statement on Form S-4 of U S WEST Communications, Inc., filed with the
Securities and Exchange Commission on March 24, 2000 (Registration
No. 333-32124).

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EXHIBIT 6

THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT

May 11, 2000

Securities and Exchange Commission
Washington, D.C. 20549

Ladies and Gentlemen:

In connection with the qualification of an indenture between National Rural
Cooperative Finance Corporation and Bank One Trust Company, National
Association, as Trustee, the undersigned, in accordance with Section 321(b)
of the Trust Indenture Act of 1939, as amended, hereby consents that the
reports of examinations of the undersigned, made by Federal or State
authorities authorized to make such examinations, may be furnished by such
authorities to the Securities and Exchange Commission upon its request
therefor.

Very truly yours,

Bank One Trust Company, National Association,

By /s/ Steven M. Wagner
Steven M. Wagner
Director

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EXHIBIT 7

Legal Title of Bank: Bank One Trust Company, N.A. Call Date: 03/31/00 State #: 391581 FFIEC 032
Address: 100 Broad Street Vendor ID: D Cert #: 21377 Page RC-1
City, State Zip: Columbus, OH 43271 Transit #: 04400003

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Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for March 31, 2000

All schedules are to be reported in thousands of dollars.
Unless otherwise indicated, report the amount
outstanding of the last business day of the quarter.

Schedule RC--Balance Sheet

Dollar Amounts in thousands C300
RCON BIL MIL THOU

ASSETS
1. Cash and balances due from depository
institutions (from Schedule RC-A): RCON
a. Noninterest-bearing balances and
currency and coin(1) 0081 48,450 1.a
b. Interest-bearing balances(2) 0071 17,750 1.b
2. Securities
a. Held-to-maturity securities(from
Schedule RC-B, column A) 1754 0 2.a
b. Available-for-sale securities
(from Schedule RC-B, column D) 1773 5,714 2.b
3. Federal funds sold and securities
purchased under agreements to resell 1350 396,644 3.
4. Loans and lease financing receivables: RCON
a. Loans and leases, net of unearned
income (from Schedule RC-C) 2122 87,817 4.a
b. LESS: Allowance for loan and
lease losses 3123 10 4.b
c. LESS: Allocated transfer
risk reserve 3128 0 4.c
d. Loans and leases, net of unearned RCON
income, allowance, and reserve
(item 4.a minus 4.b and 4.c) 2125 87,807 4.d
5. Trading assets (from Schedule RD-D) 3545 0 5.
6. Premises and fixed assets
(including capitalized leases) 2145 25,200 6.
7. Other real estate owned (from
Schedule RC-M) 2150 0 7.
8. Investments in unconsolidated
subsidiaries and associated
companies (from Schedule RC-M) 2130 0 8.
9. Customers' liability to this bank on
acceptances outstanding 2155 0 9.
10. Intangible assets (from Schedule RC-M) 2143 26,345 10.
11. Other assets (from Schedule RC-F) 2160 176,297 11.
12. Total assets (sum of items 1 through 11) 2170 784,207 12.

(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.

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Schedule RC-Continued
Dollar Amounts in
Thousands

LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of
columns A and C
from Schedule RC-E, part 1) 2200 567,764 13.a
(1) Noninterest-bearing(1) 6631 506,455 13.a1
(2) Interest-bearing 6636 61,309 13.a2

b. In foreign offices, Edge and Agreement
subsidiaries, andIBFs (from Schedule RC-E, part II)
(1) Noninterest bearing
(2) Interest-bearing

14. Federal funds purchased and securities
sold under agreements to repurchase: RCFD 2800 0 14

15. a. Demand notes issued to
the U.S. Treasury RCON 2840 0 15.a
b. Trading Liabilities(from Schedule
RC-D)..................................RCFD 3548 0 15.b

16. Other borrowed money: RCON
a. With original maturity of one year
or less 2332 0 16.a
b. With original maturity of more
than one year A547 0 16.b

c. With original maturity of more than
three years .............. A548 0 16.c
17. Not applicable

18. Bank's liability on acceptance
executed and outstanding 2920 0 18.

19. Subordinated notes and debentures 3200 0 19.

20. Other liabilities (from Schedule RC-G) 2930 83,885 20.

21. Total liabilities (sum of items 13
through 20) 2948 651,649 21.

22. Not applicable

EQUITY CAPITAL
23. Perpetual preferred stock and
related surplus 3838 0 23.
24. Common stock 3230 800 24.

25. Surplus (exclude all surplus related
to preferred stock) 3839 45,157 25.

26. a. Undivided profits and capital
reserves 3632 86,585 26.a
b. Net unrealized holding gains (losses)
on available-for-sale securities 8434 16 26.b
c. Accumulated net gains (losses) on cash
flow hedges 4336 0 26.C

27. Cumulative foreign currency translation
adjustments

28. Total equity capital (sum of items 23
through 27) 3210 132,558 28.

29. Total liabilities, limited-life preferred
stock, and equity capital (sum of items
21, 22, and 28) 3300 784,207 29.

Memorandum
To be reported only with the March Report of Condition.

1. Indicate in the box at the right the
number of the statement below that best
describes the most comprehensive level of
auditing work performed for the bank by
independent external Number auditors as
of any date during 1996 RCFD 6724 N/A M.1.

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1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm
which submits a report on the bank authority)

2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified
public accounting firm which submits a report on the consolidated
holding company (but not on the bank separately)

3 = Directors' examination of the bank conducted in accordance with
generally accepted auditing standards by a certified public
accounting firm (may be required by state chartering authority)

4 = Director's examination of the bank performed by other external
auditors (may be required by state chartering authority)

5 = Review of the bank's financial statements by external auditors

6 = Compilation of the bank's financial statements by external
auditors

7 = Other audit procedures (excluding tax preparation work)

8 = No external audit work

(1) Includes total demand deposits and noninterest-bearing time and
savings deposits.

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘S-3’ Filing	Date	First	Last	Other Filings

Filed on:	5/26/00
Filed as of:	5/25/00			424B3
	5/11/00	4		424B3
	3/31/00	5		424B3
	3/24/00	3		424B3
				List all Filings

5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/02/23  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/23  109:21M
 8/08/22  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/22  111:23M
 3/25/22  Nat’l Rural Utilities Co… Corp/DC S-3ASR      3/25/22    5:525K                                   Toppan Merrill/FA
 7/30/21  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/21  120:26M
 8/05/20  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/20  110:24M

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Filing Submission 0000070502-00-000162 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)