CONFORMED COPY

 

 

 

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)
o

 

HSBC Bank USA, National Association

(Exact name of trustee as specified in its charter)

 

N/A

 

20-1177241

(Jurisdiction of incorporation

 

(I.R.S. Employer

or organization if not a U.S.

 

Identification No.)

national bank)

 

 

 

1800 Tyson’s Boulevard, Ste 50

 

 

McLean, VA

 

22102

(Address of principal executive offices)

 

(Zip Code)

 

Peter Snodgrass, SVP
HSBC Bank USA, National Association
452 Fifth Avenue
New York, New York 10018-2706
Tel: (212) 525-4456

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

 

STAPLES, INC.

(Exact name of obligor as specified in its charter)

 

DELAWARE

 

04-2896127

(State or other jurisdiction

 

(I.R.S. Employer

of incorporation or organization)

 

Identification No.)

 

500 Staples Drive

 

 

Framingham, Massachusetts

 

01702

(Address of principal executive offices)

 

(Zip Code)

 

SEE TABLE OF ADDITIONAL REGISTRANTS

 

Christine T. Komola
Senior Vice President and Chief Financial Officer
Five Hundred Staples Drive
Framingham, Massachusetts 01702

 

(508) 253-5000

 

Copy To:

 

Mark G. Borden, Esq.

 

Michael T. Williams, Esq.

Erika L. Robinson, Esq.

 

Senior Vice President and General Counsel

Wilmer Cutler Pickering Hale and Dorr LLP

 

Staples, Inc.

60 State Street

 

500 Staples Drive

Boston, MA 02109

 

Framingham, MA 01702

(617) 526-6000

 

(508) 253-5000

 

Debt Securities
Guarantees of 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

 

2



 

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 (September 30, 2012), 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.

 

3



 

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 3rd day of January, 2013.

 

 

 

HSBC BANK USA, NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Herawattee Alli

 

Name:

Herawattee Alli

 

Title:

Vice President

 

4



 

Exhibit T1A (vii)

 

Federal Financial Institutions Examination Council

 

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

Expires March 31, 2011

 

 

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

 

(20040630)

(RCRI 9999)

 

 

 

Report at the close of business September 30, 2012

 

 

 

 

 

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).

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

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, John T. McGinnis, CFO

Name and Title of Officer Authorized to Sign Report

 

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

 

5



 

 

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.

 

issued by the appropriate Federal regulatory authority and is true and correct.

 

 

/s/ Irene Dorney

 

Director (Trustee)

 

 

 

 

/s/ Niall Booker

/s/ John T. McGinnis

 

Director (Trustee)

Signature of Officer Authorized to Sign Report

 

 

 

 

/s/ Richard Jalkut

11/2/2012

 

Director (Trustee)

Date of Signature

 

 

 

 

 

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     5     7     8     9     0

 

6



 

http://www.banking.us.hsbc.com

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

(Example: www.examplebank.com)

 

HSBC Bank USA, NATIONAL ASSOCIATION

Legal Title of Bank (TEXT 9010)

 

McLean

City (TEXT 9130)

 

 

VA

State Abbrev. (TEXT 9200)

 

22102

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  September 30, 2012

 

7



 

 

 

 

 

Thousands of
dollars

 

ASSETS

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

a. Non-interest-bearing balances currency and coin

 

 

 

1,383.501

 

b. Interest-bearing balances

 

 

 

13,348,035

 

Held-to-maturity securities

 

 

 

1,730,107

 

Available-for-sale securities

 

 

 

62,023,066

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

a. Federal funds sold in domestic offices

 

 

 

0

 

b. Securities purchased under agreements to resell

 

 

 

11,677,840

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

1,056,361

 

Loans and leases net of unearned income

 

60,719,572

 

 

 

LESS: Allowance for loan and lease losses

 

637,101

 

 

 

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

 

 

 

60,082,471

 

Trading assets

 

 

 

35,485,119

 

Premises and fixed assets

 

 

 

287,898

 

Other real estate owned

 

 

 

94,441

 

Investments in unconsolidated subsidiaries

 

 

 

0

 

Customers’ liability to this bank on acceptances outstanding

 

 

 

1,072

 

Intangible assets: Goodwill

 

 

 

1,717,045

 

Intangible assets: Other intangible assets

 

 

 

252,584

 

Other assets

 

 

 

7,098,873

 

Total assets

 

 

 

196,238,413

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

93,762,368

 

Non-interest-bearing

 

31,531,518

 

 

 

Interest-bearing

 

62,230,850

 

 

 

In foreign offices

 

 

 

39,129,411

 

Non-interest-bearing

 

1,782,137

 

 

 

Interest-bearing

 

37,347,274

 

 

 

 

 

 

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

a. Federal funds purchased in domestic offices

 

 

 

2,791,082

 

b. Securities sold under agreements to repurchase

 

 

 

3,237,757

 

 

 

 

 

 

 

Trading Liabilities

 

 

 

18,045,371

 

Other borrowed money

 

 

 

5,073,964

 

Bank’s liability on acceptances

 

 

 

NA

 

Subordinated notes and debentures

 

 

 

6,402,049

 

Other liabilities

 

 

 

8,976,747

 

Total liabilities

 

 

 

177,418,749

 

Minority Interests in consolidated Subsidiaries

 

 

 

N/A

 

EQUITY CAPITAL

 

 

 

 

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common Stock

 

 

 

2,002

 

Surplus

 

 

 

16,048,347

 

Retained earnings

 

 

 

1,911,085

 

Accumulated other comprehensive income

 

 

 

857,929

 

Other equity capital components

 

 

 

301

 

Total equity capital

 

 

 

18,819,664

 

Total liabilities, minority interests and equity capital

 

 

 

196,238,413

 

 

8