News Release

Federal Reserve Adds A Day, Sets Earlier Time For NationsBank/BankAmerica Public Meeting

SAN FRANCISCO, July 6, 1998--The Federal Reserve Board today announced the scheduling of an additional day, July 10, and a time change for the public meeting in San Francisco on the proposal by NationsBank Corporation of Charlotte, North Carolina, to acquire BankAmerica Corporation, San Francisco, California.

The Board on June 19 announced a public meeting on the proposal for July 9. Today, the Presiding Officer extended the meeting to a second day, July 10, to accommodate timely requests to testify at the public meeting. In addition, the meetings on both days will begin at 8:00 a.m. PDT, instead of 9:00 a.m. PDT, at the Federal Reserve Bank of San Francisco, 101 Market Street, San Francisco, California.

The purpose of these meetings is to collect information relating to factors the Board is required to consider under the Bank Holding Company Act. These factors are the effects of the proposal on the financial and managerial resources and future prospects of both companies and banks involved in the proposal, competition in the relevant markets, and the convenience and needs of the communities to be served. Convenience and needs considerations include consideration of the records of performance of NationsBank and BankAmerica under the Community Reinvestment Act.

MEDIA ADVISORY

Reporters/News Organizations who wish to cover the public meeting are urged to notify us as soon as possible if you intend to come to either or both meetings in order to facilitate your access through our gated security system. Please call Carol Eckert at (415) 977-3853 to pre-register prior to the meeting date.