Form: 305B2

Application for designation of a new trustee under the Trust Indenture Act

May 8, 2008

 

Exhibit T-1.7
Schedule RC 13
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for December 31,2007
All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.
Schedule RC — Balance Sheet
                 
Dollar Amounts in Thousands       Bil Mil Thou    
     
ASSETS
               
1. Cash and balances due from depository institutions (from Schedule RC-A):
               
a. Noninterest-bearing, balances and currency and coin (1)
  RCON0081     3,869     1.a.
b. Interest-bearing balances (2)
  RCON0071     6,026     1.b.
2. Securities:
               
a. Held-to-maturity securities (from Schedule RC-B, column A)
  RCON1754     0     2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)
  RCON1773     11,090     2.b.
3. Federal funds sold and securities purchased under agreements to resell:
               
a. Federal funds sold
  RCONB987     0     3.a.
b. Securities purchased under agreements to resell (3)
  RCONB989     0     3.b.
4. Loans and lease financing receivables (from Schedule RC-C):
               
a. Loans and leases held for sale
  RCON5369     0     4.a.
b. Loans and leases, net of unearned income
  RCONB528     0     4.b.
c. LESS: Allowance for loan and lease losses
  RCON3123     0     4.c.
d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)
  RCONB529     0     4.d.
5. Trading assets (from Schedule RC-D)
  RCON3545     0     5.
6. Premises and fixed assets (including capitalized leases)
  RCON2145     11,417     6.
7. Other real estate owned (from Schedule RC-M)
  RCON2150     0     7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)
  RCON2130     0     8.
9. Not applicable
               
10. Intangible assets:
               
a. Goodwill
  RCON3163     0     10.a.
b. Other intangible assets (from Schedule RC-M)
  RCON0426     15,875     10.b.
11. Other assets (from Schedule RC-F)
  RCCN2160     13,192     11.
12. Total assets (sum of items 1 through 11)
  RCON2170     63,469     12.
 
(1)   Includes cash items in process of collection and unposted debits.
 
(2)   Includes time certificates of deposit not held for trading.
 
(3)   Includes all securities resale agreements regardless of maturity.

 


 

Schedule RC 14
Schedule RC — Continued
                 
Dollar Amounts in Thousands       Bil Mil Thou    
     
LIABILITIES
               
13. Deposits:
               
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)
  RCON2200     0     13a.
(1) Noninterest-bearing (1)
  RCON6631     0     13.a.(1)
(2) Interest-bearing
  RCON6636     0     13.a.(2)
b. Not applicable
               
14. Federal funds purchased and securities sold under agreements to repurchase:
               
a. Federal funds purchased (2)
  RCONB993     0     14.a.
b. Securities sold under agreements to repurchase (3)
  RCONB995     0     14.b.
15. Trading liabilities (from Schedule RC-D)
  RCON3548     0     15.
16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)
  RCON3180     0     16.
17. Not applicable
               
18. Not applicable
               
19. Subordinated notes and debentures (4)
  RCON3200     0     19.
20. Other liabilities (from Schedule RC-G)
  RCON2930     5,852     20.
21. Total liabilities (sum of items 13 through 20)
  RCON2948     5,852     21.
22. Minority interest in consolidated subsidiaries
  RCON3000     0     22.
EQUITY CAPITAL
               
23. Perpetual preferred stock and related surplus
  RCON3838     0     23.
24. Common stock
  RCON3230     600     24.
25. Surplus (exclude all surplus related to preferred stock)
  RCON3839     38,609     25.
26.
               
a. Retained earnings
  RCON3632     17,518     26.a.
b. Accumulated other comprehensive income (5)
  RC0NB530     889     26.b.
27. Other equity capital components (6)
  RCONA130     0     27.
28. Total equity capital (sum of items 23 through 27)
  RCON3210     57,616     28.
29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)
  RCON3300     63,468     29.
Memorandum
To be reported with the March Report of Condition.
                             
                Number          
         
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 auditors as                        
 
  of any date during 2006     RCON6724       N/A       M.1.  
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
 
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 =   Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm
 
4 =   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)
 
5 =   Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)
 
6 =   Review of the bank’s financial statements by external auditors
 
7 =   Compilation of the bank’s financial statements by external auditors
 
8 =   Other audit procedures (excluding tax preparation work)
 
9 =   No external audit work
 
(1)   Includes total demand deposits and noninterest-bearing time and savings deposits.
 
(2)   Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
 
(3)   Includes all securities repurchase agreements, regardless of maturity,
 
(4)   Includes limited-life preferred stock and related surplus.
 
(5)   Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.
 
(6)   Includes treasury stock and unearned Employee Stock Ownership Plan shares.