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)

 


 

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)

 

Thomas F. Godfrey

Vice President and Assistant General Counsel

JPMorgan Chase Bank, National Association

1 Chase Manhattan Plaza, 25th Floor

New York, NY 10081

Tel: (212) 552-2192

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

 


 

Genworth Financial, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware   33-1073076
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. employer
identification No.)

 

6620 West Broad Street
Richmond, Virginia
  23230
(Address of principal executive offices)   (Zip Code)

 


 

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.

 

-2-


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.

 

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 June, 2005.

 

JPMORGAN CHASE BANK, N.A.

By   /s/    PAUL J. SCHMALZEL        
    Paul J. Schmalzel
    Authorized Officer

 

-3-


Exhibit 7 to Form T-1

 

Bank Call Notice

 

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

 

JPMorgan Chase Bank, N.A.

of 270 Park Avenue, New York, New York 10017

and Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System,

 

at the close of business March 31, 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

         $ 36,236

Interest-bearing balances

           24,384

Securities:

            

Held to maturity securities

           101

Available for sale securities

           60,180

Federal funds sold and securities purchased under agreements to resell

            

Federal funds sold in domestic offices

           39,536

Securities purchased under agreements to resell

           133,265

Loans and lease financing receivables:

            

Loans and leases held for sale

           21,045

Loans and leases, net of unearned income

  $ 341,550       

Less: Allowance for loan and lease losses

    5,313       

Loans and leases, net of unearned income and allowance

           339,000

Trading Assets

           236,590

Premises and fixed assets (including capitalized leases)

           8,425

Other real estate owned

           142

Investments in unconsolidated subsidiaries and associated companies

           840

Customers’ liability to this bank on acceptances outstanding

           592

Intangible assets

            

Goodwill

           23,365

Other Intangible assets

           10,259

Other assets

           49,089

TOTAL ASSETS

         $ 983,049
          

 

 


LIABILITIES

              

Deposits

              

In domestic offices

         $ 378,772  

Noninterest-bearing

  $ 134,412         

Interest-bearing

    244,360         

In foreign offices, Edge and Agreement subsidiaries and IBF’s

           155,364  

Noninterest-bearing

  $ 6,701         

Interest-bearing

    148,663         

Federal funds purchased and securities sold under agreements to repurchase:

              

Federal funds purchased in domestic offices

           8,918  

Securities sold under agreements to repurchase

           84,208  

Trading liabilities

           138,428  

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

           78,207  

Bank’s liability on acceptances executed and outstanding

           592  

Subordinated notes and debentures

           17,511  

Other liabilities

           38,035  

TOTAL LIABILITIES

           900,035  

Minority Interest in consolidated subsidiaries

           1,424  

EQUITY CAPITAL

              

Perpetual preferred stock and related surplus

           0  

Common stock

           1,785  

Surplus (exclude all surplus related to preferred stock)

           58,591  

Retained earnings

           21,936  

Accumulated other comprehensive income

           (772 )

Other equity capital components

           0  

TOTAL EQUITY CAPITAL

           81,590  
          


TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

         $ 983,049  
          


 

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

  )