EX-25.2 6 d30827exv25w2.htm FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE SUBORDINATED NOTES INDENTURE exv25w2
 

EXHIBIT 25.2
 
 
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)
 
JPMORGAN CHASE BANK,
NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
     
    13-4994650
(State of incorporation
if not a national bank)		   (I.R.S. employer
identification No.)
 
1111 Polaris Parkway
Columbus, Ohio		  
43271
(Address of principal executive offices)   (Zip Code)
Pauline E. Higgins
Vice President and Assistant General Counsel
JPMorgan Chase Bank, National Association
707 Travis Street, 4th Floor North
Houston, Texas 77002
Tel: (713) 216-1436
(Name, address and telephone number of agent for service)
 
TEMPLE-INLAND INC.
(Exact name of obligor as specified in its charter)
     
Delaware   75-1903917
(State or other jurisdiction of
incorporation or organization)		   (I.R.S. employer
identification No.)
 
1300 MoPac Expressway South
Austin, Texas		  
78746
(Address of principal executive offices)
   (Zip Code)
 
 

 

Subordinated Debt Securities
(Title of the indenture securities)
 
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.
 
        Comptroller of the Currency, Washington, D.C.
 
        Board of Governors of the Federal Reserve System, Washington, D.C., 20551
 
        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 and Guarantors.
      If the obligor or any guarantor is an affiliate of the trustee, describe each such affiliation.
      None.
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 JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).
      2. A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).
      3. None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in 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. 333-106575 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. 333-106575 which is incorporated by reference).
      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, JPMorgan Chase Bank, N.A., 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 1st day of December, 2005.
  JPMORGAN CHASE BANK, N.A.
  By  /s/ Paul J. Schmalzel
 
 
  Paul J. Schmalzel
  Vice President

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Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
JPMorgan Chase Bank, N.A.
of 1111 Polaris Parkway, Columbus, Ohio 43271
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business June 30, 2005, 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
    in Millions
     
ASSETS
Cash and balances due from depository institutions:
        
 
Noninterest-bearing balances and currency and coin
   $ 33,595  
 
Interest-bearing balances
     9,074  
Securities:
        
Held to maturity securities
     92  
Available for sale securities
     46,530  
Federal funds sold and securities purchased under agreements to resell
        
 
Federal funds sold in domestic offices
     27,359  
 
Securities purchased under agreements to resell
     162,222  
Loans and lease financing receivables:
        
 
Loans and leases held for sale
     28,317  
 
Loans and leases, net of unearned income
   $ 348,961  
 
Less: Allowance for loan and lease losses
     4,676  
 
Loans and leases, net of unearned income and allowance
     344,285  
Trading Assets
     231,417  
Premises and fixed assets (including capitalized leases)
     8,360  
Other real estate owned
     142  
Investments in unconsolidated subsidiaries and associated companies
     818  
Customers’ liability to this bank on acceptances outstanding
     549  
Intangible assets
        
 
Goodwill
     23,432  
 
Other Intangible assets
     9,440  
Other assets
     47,481  
TOTAL ASSETS
   $ 973,113  
       

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    Dollar Amounts
    in Millions
     
 
LIABILITIES
Deposits
        
 
In domestic offices
   $ 383,950  
 
Noninterest-bearing
   $ 141,374  
 
Interest-bearing
     242,576  
 
In foreign offices, Edge and Agreement subsidiaries and IBF’s
     145,247  
 
Noninterest-bearing
   $ 7,348  
 
Interest-bearing
     137,899  
Federal funds purchased and securities sold under agreements to repurchase:
        
 
Federal funds purchased in domestic offices
     8,743  
 
Securities sold under agreements to repurchase
     93,698  
Trading liabilities
     117,933  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
     79,495  
Bank’s liability on acceptances executed and outstanding
     549  
Subordinated notes and debentures
     17,982  
Other liabilities
     40,922  
TOTAL LIABILITIES
     888,519  
Minority Interest in consolidated subsidiaries
     1,426  
EQUITY CAPITAL
Perpetual preferred stock and related surplus
     0  
Common stock
     1,785  
Surplus (exclude all surplus related to preferred stock)
     58,838  
Retained earnings
     22,718  
Accumulated other comprehensive income
     (173 )
Other equity capital components
     0  
TOTAL EQUITY CAPITAL
     83,168  
       
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL
   $ 973,113  
       
      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 instructions issued by the appropriate Federal regulatory authority and is true and correct.
             
WILLIAM B. HARRISON, JR.
   )        
JAMES DIMON
   )     DIRECTORS  
MICHAEL J. CAVANAGH
   )        

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