EX-25.2 8 dex252.htm STATEMENT OF ELIGIBILITY ON FORM T-1 OF HSBC BANK USA Statement of Eligibility on Form T-1 of HSBC Bank USA

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)

 

 

HSBC Bank USA, National Association

(Exact name of trustee as specified in its charter)

 

 

 

N/A   20-1177241

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

 

1201 Market Street, Ste 1001

Wilmington, Delaware

  19801
(Address of principal executive offices)   (Zip Code)

Kevin T. O’Brien, SVP

HSBC Bank USA, National Association

452 Fifth Avenue

New York, New York 10018-2706

Tel: (212) 525-1311

(Name, address and telephone number of agent for service)

 

 

The Stanley Works

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   06-0548860

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

1000 Stanley Drive

New Britain, Connecticut

  06053
(Address of principal executive offices)   (Zip Code)

Junior Subordinated Debt Securities

(Title of Indenture Securities)

 

 

 


General

 

Item 1. General Information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervisory authority to which it is subject.

Comptroller of the Currency, New York, NY.

Federal Deposit Insurance Corporation, Washington, D.C.

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

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

Yes.

 

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None

 

Items 3-15. Not Applicable


Item 16. List of Exhibits

 

Exhibit

       
T1A(i)   (1)   Copy of the Articles of Association of HSBC Bank USA, National Association.
T1A(ii)   (1)   Certificate of the Comptroller of the Currency dated July 1, 2004 as to the authority of HSBC Bank USA, National Association to commence business.
T1A(iii)   (2)   Certificate of Fiduciary Powers dated August 18, 2004 for HSBC Bank USA, National Association
T1A(iv)   (1)   Copy of the existing By-Laws of HSBC Bank USA, National Association.
T1A(v)     Not applicable.
T1A(vi)   (2)   Consent of HSBC Bank USA, National Association required by Section 321(b) of the Trust Indenture Act of 1939.
T1A(vii)     Copy of the latest report of condition of the trustee (June 30, 2008), published pursuant to law or the requirement of its supervisory or examining authority.
T1A(viii)     Not applicable.
T1A(ix)     Not applicable.

 

(1) Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-118523 and incorporated herein by reference thereto.
(2) Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-125197 and incorporated herein by reference thereto.


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, HSBC Bank USA, 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 New York and State of New York on the 18th day of September, 2008.

 

HSBC BANK USA, NATIONAL ASSOCIATION
By:  

/s/ Anthony A. Bocchino

  Anthony A. Bocchino
  Vice President


Exhibit T1A (vii)

 

   Board of Governors of the Federal Reserve System   
   OMB Number: 7100-0036   
   Federal Deposit Insurance Corporation   
   OMB Number: 3064-0052   
   Office of the Comptroller of the Currency   
   OMB Number: 1557-0081   
Federal Financial Institutions Examination Council    Expires March 31, 2009   
   Please refer to page i, Table of Contents, for the required disclosure of estimated burden.    1

Consolidated Reports of Condition and Income for

A Bank With Domestic and Foreign Offices—FFIEC 031

 

Report at the close of business June 30, 2008      

(20040630)

  
      (RCRI 9999)   

This report is required by law; 12 U.S.C. §324 (State member banks); 12 U.S.C. § 1817 (State nonmember banks); and 12 U.S.C. §161 (National banks).

NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks.

 

I,

  

Clive Bucknall, Controller

  
   Name and Title of Officer Authorized to Sign Report   

Of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and believe.

 

/s/ Joseph R. Simpson

  
Signature of Officer Authorized to Sign Report   
08/04/2008   
Date of Signature   

This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities.

The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions.

We, the undersigned directors (trustees), attest to the correctness of this Report of Condition (including the supporting schedules) 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.

 

/s/ Sal H. Alfieri

Director (Trustee)

/s/ Bernard J. Kennedy

Director (Trustee)

/s/ Martin Glynn

Director (Trustee)

Submission of Reports

Each Bank must prepare its Reports of Condition and Income either:

 

(a) in electronic form and then file the computer data file directly with the banking agencies’ collection agent, Electronic Data System Corporation (EDS), by modem or computer diskette; or

 

b) in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank’s computer data file to EDS.

For electronic filing assistance, contact EDS Call report Services, 2150 N. Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.

To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy f the completed report that the bank places in its files.

 

FDIC Certificate Number

   57890   
   (RCRI 9030)   

 

http://WWW.BANKING.US.HSBC.COM       HSBC Bank USA, NATIONAL ASSOCIATION

Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)

(Example: www.examplebank.com)

      Legal Title of Bank (TEXT 9010)
      Wilmington
      City (TEXT 9130)
      DE    19801
      State Abbrev. (TEXT 9200)    ZIP Code (TEXT 9220)


Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency

REPORT OF CONDITION

Consolidated domestic subsidiaries

 

HSBC Bank USA, National Association                of Buffalo

  
Name of Bank                                                             City   

in the state of New York, at the close of business June 30, 2008

 

          Thousands of dollars

ASSETS

     

Cash and balances due from depository institutions:

     

a. Non-interest-bearing balances currency and coin

      3,746,575

b. Interest-bearing balances

      4,269,852

Held-to-maturity securities

      2,776,907

Available-for-sale securities

      21,761,840

Federal funds sold and securities purchased under agreements to resell:

     

a. Federal funds sold in domestic offices

      4,620,000

b. Securities purchased under agreements to resell

      7,715,576

Loans and lease financing receivables:

     

Loans and leases held for sale

      4,410,114

Loans and leases net of unearned income

   84,525,017   

LESS: Allowance for loan and lease losses

   1,795,053   

Loans and lease, net of unearned income, allowance, and reserve

      82,729,964

Trading assets

      32,699,558

Premises and fixed assets

      545,573

Other real estate owned

      72,547

Investments in unconsolidated subsidiaries

      313,902

Customers’ liability to this bank on acceptances outstanding

      NA

Intangible assets: Goodwill

      2,111,113

Intangible assets: Other intangible assets

      589,485

Other assets

      9,103,240

Total assets

      177,466,246

LIABILITIES

     

Deposits:

     

In domestic offices

      82,747,882

Non-interest-bearing

   12,897,851   

Interest-bearing

   69,850,031   

In foreign offices

      36,698,708


Non-interest-bearing

   963,333   

Interest-bearing

   35,735,375   

Federal funds purchased and securities sold under agreements to repurchase:

     

a. Federal funds purchased in domestic offices

      115,564

b. Securities sold under agreements to repurchase

      944,566

Trading Liabilities

      14,021,445

Other borrowed money

      19,553,170

Bank’s liability on acceptances

      NA

Subordinated notes and debentures

      4,614,032

Other liabilities

      6,349,027

Total liabilities

      165,044,394

Minority Interests in consolidated Subsidiaries

      349

EQUITY CAPITAL

     

Perpetual preferred stock and related surplus

      0

Common Stock

      2,001

Surplus

      11,593,143

Retained earnings

      1,472,086

Accumulated other comprehensive income

      -645,727

Other equity capital components

      0

Total equity capital

      12,421,503

Total liabilities, minority interests and equity capital

      177,466,246