skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Public Meeting Transcripts

Public Meeting Regarding NationsBank and BankAmerica

Held on Thursday, July 9, and Friday, July 10, 1998, at the Federal Reserve Bank of San Francisco

Transcript of the Public Meeting held on July 9 and July 10, 1998, on the application by NationsBank Corporation, Charlotte, North Carolina, to acquire BankAmerica Corporation, San Francisco, California. Transcripts and exhibits are presented by speaker panel; each day's transcript and exhibits are also presented in their entirety after the last panel of each day.

Complete Thursday transcript | Complete Thursday exhibits (15.5 MB PDF)
 
Thursday, July 9, 1998
Opening Remarks Dolores S. Smith, Presiding Officer, Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System
Applicant Presentation David A. Coulter, Chairman & CEO, BankAmerica Corporation
Hugh L. McColl, Jr., CEO, NationsBank Corporation
Exhibits (811 KB PDF)
Panel One DeWayne Martin, Chief of Staff to The Honorable, Bill Campbell, Mayor, City of Atlanta
Roberta Brooks, Assistant Director to The Honorable Barbara Lee, Congresswoman, Ninth District, California
The Honorable Lee Brown, Mayor, City of Houston
Katrina Tavarola, Office of The Honorable Lucille Roybal-Allard, Congresswoman, 33rd District, California
The Honorable Mark Leno, Supervisor, City and County of San Francisco
Exhibits (733 KB PDF)
Panel Two John Gamboa, The Greenlining Institute
Alan Fisher, California Reinvestment Committee
George Bivins, Black Business Association of Los Angeles
Gayle Orr-Smith, National Association of Negro Business and Professional Women
Stella J. Adams, North Carolina Fair Housing Center
Earl Lui, Consumers Union
Peter Skillern, Durham Affordable Housing Coalition
Kevin Williams, The Greenlining Institute
Ronald Peak, Concerned Citizens Political Action Committee
Darlene Mar, Asian American Business Association
Toulu Thao, Hmong American Political Association
Leslie Abrams, for Harry C. Alford, National Black Chamber of Commerce
Exhibits (1.7 MB PDF)
Panel Three Rafael Sanchez, United States Hispanic Chamber of Commerce
Tammy D. Hawley, National Association for the Advancement of Colored People
Duane McClurg, Dallas City Homes
Chris Smith, William C. Smith & Co., Inc.
Johnny J. Mack, National Institute for Community Empowerment, Inc.
Augustin Dominguez, Greater Miami Neighborhoods
Exhibits (490 KB PDF)
Panel Four Kevin Mosley, Office of The Honorable Maxine Waters, Congresswoman, 35th District, California
Robert Gnaizda, The Greenlining Institute
Angelyque P. Campbell, Texas Community Reinvestment Coalition
Mario Obledo, California Coalition of Hispanic Organizations
Philip Nguyen, Southeast Asian Community Center
David Glover, Oakland Citizens Committee for Urban Renewal
James W. Head, The National Economic Development and Law Center
Clarence Williams, Sacramento Black Chamber of Commerce
Jorge Corralejo, Latin Business Association
Carlos Richardson, Neighborhoods First Alliance
Eddie Dillard, Oakland Black Board of Trade and Commerce
Gregory Hobbs, The Coalition of Black Businesses
Dufirston Neree, The Credit Is Due Project
Dennis Wong, Asian Business Association
Michael Betz, for Leo Avila, American G.I. Forum
George Dean, Phoenix Urban League
Mary Ann Mitchell, National Black Business Council
Arquimedes Caldera, for Steve Soto, Mexican-American Grocers Association
April Veneracian, for Alex Esclamado, Filipino-American Political Association
Tunua Thrash, for Mark Whitlock, First AME Church of Los Angeles
Haydee Diaz, for Willis White, California Black Chamber of Commerce
Trina Villanueva, for Mateo Camarillo, Chicano Federation of San Diego
Vy Nguyen, for Mai Cong, Vietnamese Community of Orange County, Inc.
Todd Romero, for Reverend James H. Daniel, Jr., 21st Century Partnership
Gene Calderon, for Bert Corona, Hermandad Mexicana Nacional
Freddie Ferrah, The Greenlining Institute
David Freeman, Commission on Disability
Exhibits (1.6 MB PDF)
Panel Five Bruce Marks and NACA Homeowners, Neighborhood Assistance Corporation of America
Hugo Cardona, SER National
Kermit Waddell, Economic Development Center of the Carolinas
Edward Lujan, Economic Development Commission, State of New Mexico
Bill Cooper, Choice Communications, Inc.
Exhibits (919 KB PDF)
Panel Six Gale Cincotta, National Training and Information Center
Margaret Webb, Sunflower Community Action
Gene Ortega, Home Education Livelihood Program, Inc.
Rocky Todea, The Community Reinvestment and Development Task Force
Robert Wells, Northern New Mexico Alliance
Gilbert Sanchez, San Ildefenso Pueblo
Exhibits (3.0 MB PDF)
Panel Seven Keith Brown, Project Neighborhood
Chloe Coney, CDC of Tampa, Inc.
Hugh Price, National Urban League
Eduardo Pedron, Miami-Dade Community College
Ellen Robertson, Highland Park Restoration
Bishop George Battle, AME Zion Church
Exhibits (540 KB PDF)
A videotape submitted by Project Neighborhood is available for viewing at the Federal Reserve Board, Washington, D.C., and at the Federal Reserve Banks of Richmond and San Francisco.
Panel Eight Brenda Le Blanc, Citizens for Community Improvement of Des Moines
Leslie Reicher, Pittsburgh Community Reinvestment Group
Gordon Goodwin, Rural Development and Finance Corporation
Exhibits (430 KB PDF)
Panel Nine Harold Shapiro, Catawba Regional Development Corporation
Donnell Reid, Gateway National Bank
Charles King, Arkansas Minority Supplier Development Council
Carlton Jenkins, Founders National Bank of Los Angeles
Cathie Dodd, Woodbine Community Development Organization
Leroy Wright, TLC Next Generation International Holding Co.
Exhibits (292 KB PDF)
Panel Ten Barbara Johnson, Women's Initiative for Self Employment
Lynette Jung-Lee, East Bay Asian Local Development Corporation
Tomoji Ishi, Japan Pacific Resource Network
John Stern, Wesley Housing Development Corporation
Henry Lawson, South Fair Community Development Corporation
J.R. Gonzalez, J.R.G. Communications
Exhibits (92 KB PDF)
Panel Eleven Jim Reed, Southern Dallas Development Corporation
Loretta Armenta, Albuquerque Hispano Chamber of Commerce
Calvin Johnson, Do the Right Thing
Deborah Hughes-Jones, LEDIC Management Co.
Greg Anesi, Independent Mobility Systems
Exhibits (209 KB PDF)
Panel Twelve Mark Sissman, Enterprise Development
Gilbert Gonzalez, San Antonio Business Development Fund
Cathy L. Kleiman, Charleston Affordable Housing
Anita Landecker, Local Initiatives Support Corporation
Lloyd Smith, Marshall Heights CDC
Suse Nakata, Keystone Community Ventures
Exhibits (136 KB PDF)
Panel Thirteen Rick Devine, Center for Community Change
Al Lewis, Save the BankAmerica OMI Coalition
Martin D. Omoto, California/Nevada Community Action
Rose Gibson, East Palo Alto Community Law Project
Leonard Randolph, East Palo Alto Community Alliance and Neighborhood Development Organization
Jim Bliesner, City-County Reinvestment Task Force
Exhibits (963 KB PDF)
Panel Fourteen George Butts, ACORN Housing
Karen Galvin, Summerhill CDC
Carolyn Ford, North Florida Educational Development Corporation
Mark Van Brunt, National Council of La Raza
Robert McNulty, Partners for Livable Communities
Patricia Garrett, Charlotte-Mecklenburg Housing Partnership
Exhibits (319 KB PDF)
Panel Fifteen Alex Espinosa, Los Medanos Fund
John Littrel, Eden Council for Hope
Gail Burks, Nevada Fair Housing Center
Catherine Marshall, California Association for Microenterprise Opportunities
Exhibits (180 KB PDF)
Panel Sixteen Andrew Gordon, Arizona MultiBank Community Development Corporation
Margaret Keaner for Kenneth Sweet, Northern Arizona Council of Governments
Sheilah Rogers, West Company
B. Thomas Vigil, First Nations Development Institute
Syd Beane, First Nations Development Institute
Johnnie King, Jr., The King Group
Janie Barrera, ACCION Texas
Exhibits (1.7 MB PDF)
Panel Seventeen Heather Kitchen, American Conservatory Theater
Susan Peck, Housing Assistance Council
Sheila Washington, California Business Incubator
Gabe Kaimowitz, Attorneys Against American Apartheid

Complete Friday transcript | Complete Friday exhibits (6.6 MB PDF)
 

Friday, July 10, 1998
Opening Remarks Dolores S. Smith, Presiding Officer, Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System
Panel Eighteen Michelle Fadelli, Association of Bay Area Governments
The Honorable Rosemary Corbin, Mayor, City of Richmond, CA
Exhibits (129 KB PDF)
Panel Nineteen Conrad Hewitt, Former Superintendent, California State Department of Financial Institutions
Craig Collette, California Independent Bankers Association
Larry Kurmel, California Bankers Association
Bruce Koppe, Washington Bankers Association
Exhibits (674 KB PDF)
Panel Twenty Kathryn Supinski, for Matthew Lee, Inner City Press/Community On the Move
Mashariki Kurudisha, West Contra Costa County Development Center
David Thompson, City of Richmond, CA
Ceasar Henry, OMI/Neighborhoods in Action
Regina Blosser, OMI Neighborhoods in Action
Exhibits (1.2 MB PDF)
Panel Twenty-One G. Rhea Serpan, San Francisco Chamber of Commerce
Sandra Ferniza, Arizona Hispanic Chamber of Commerce
James Tierney, Community Action Team, Inc.
Joann Hauger, Community Housing Resources of Arizona
Exhibits (1.0 MB PDF)
Panel Twenty-Two Michael Herald, Housing California
Deborah Raucher, Non-Profit Housing Association of Northern California
Lisa Haws, United Indian Nations Community Development Corporation
Terry Hill, Wright Chapel African Methodist Church
Robert Bivens, Stockton Chapter, National Association for the Advancement of Colored People
Chuck Prince, Southeast Idaho Council of Governments
Exhibits (661 KB PDF)
Panel Twenty-Three David Noguera, for The Honorable Elihu Harris, Mayor of Oakland
Mark Mosher, Committee on Jobs
Emily Duncan, Snohomish County Private Industry Council
Indira Singla, Automation Image Inc.
Eduardo Esquibel, United Housing & Educational Development Corp.
Albert J. Price, Sr., South East Texas Community Development Corporation
Exhibits (255 KB PDF)
Panel Twenty-Four Eddie Welbon, Congress of National Black Churches
John Burgess, for Sister Susan Vickers, Catholic Healthcare West
John Lind, CANICCOR Research
Erika Hizel, Youth Enterprises Systems, Inc.
Exhibits (408 KB PDF)
Panel Twenty-Five The Honorable Louis Papan, California State Assemblyman, 19th District
Joseph Baker, San Francisco Unified School District
Michele McKee, Community Services Agency Development Corporation
Reed Holderman, The Trust for Public Land
Mark Watkins, Southern States Service, Inc.
Abby Snay, Jewish Vocational Services
Jason Freedman, Institute for Social and Economic Development
Exhibits (355 KB PDF)
Panel Twenty-Six Clark Blasdell, Northbay Ecumenical Homes
Alvin Bonnett, Ecumenical Association for Housing
Martina Guilfoil, Inglewood Neighborhood Housing Services
Bruce Gottschall, Neighborhood Housing Services of Chicago, Inc.
Kate Reese, Neighborhood Housing Services of St. Louis, Inc.
Fran Wagstaff, Non-Profit Housing Association of Northern California
Exhibits (394 KB PDF)
A videotape submitted by Neighborhood Housing Services is available for viewing at the Federal Reserve Board, Washington, D.C., and at the Federal Reserve Banks of Richmond and San Francisco.
Panel Twenty-Seven David E. Lee, Chinese American Voters Educational Council
Donna Garcia, Community Housing Services
Marvalette Fentress, Third Ward Development Council, Inc.
Panel Twenty-Eight LueVenia Scott, California Community Economic Development Association
Exhibits (122 KB PDF)
Panel Twenty-Nine Don Lawhorne, MESBIC Ventures Holding Company
Ruth Garland-Dewson,
Joseph Funk, for Victor Weisser, California Council for Environmental and Economic Balance
Gerald Alcasas, Nevada Microenterprise Institute
J. Peter Thompson, Opportunity Capital
Stephen Acree, Community Development Agency, City of St. Louis
Exhibits (1.2 MB PDF)
Panel Thirty Tunua Thrash, for The Honorable Barbara Boxer, Senator from California
The Board has been advised that the oral testimony of Ms. Thrash was not authorized by Senator Boxer.
Exhibits (162 KB PDF)
Panel Thirty-One James Baird, Bay Area Development Company
Doris Hall, Ph.D., Poppleton Village CDC
Panel Thirty-Two Marla Johnson, Aristotle Internet Access
Chris Krehmeyer, Ecumenical Housing Production Corporation
Exhibits (99 KB PDF)
Last update: December 3, 2010