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) |