SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 14)
MCRAE INDUSTRIES, INC.
(Name of Issuer)
Common Stock, Class B
(Title of Class of Securities)
582757308
(CUSIP Number)
Check the following box if a fee is being paid with this statement.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in the prior coverage page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages(s))
Page 1 of 6 Pages
CUSIP NO.
582757308
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Corporation
56-0906609
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
5
SOLE VOTING POWER
134,837
NUMBER OF SHARES BENEFICIALLYOWNED BY
6
SHARED VOTING POWER
- - -0-
EACH REPORTING PERSON WITH
7
SOLE DISPOSITIVE POWER
- - -0-
8
SHARED DISPOSITIVE POWER
- - -0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
134,837
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.3
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 6 Pages
CUSIP NO.
582757308
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of North Carolina, N.A.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5
SOLE VOTING POWER
134,837
NUMBER OF SHARES BENEFICIALLYOWNED BY
6
SHARED VOTING POWER
- - -0-
EACH REPORTING PERSON WITH
7
SOLE DISPOSITIVE POWER
- - -0-
8
SHARED DISPOSITIVE POWER
- - -0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
134,837
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.3
12
TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 6 Pages
SCHEDULE 13G
Item 1(a) Name of Issuer:
McRae Industries, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
P.O. Box 76
Mt. Gilead, NC 27306
Item 2(a) Name of Person(s) Filing:
(a) NationsBank Corporation
(b) NationsBank of North Carolina, N.A.
Item 2(b) Address of Principal Business Office or, if none, Residence:
(a) NationsBank Plaza, Charlotte, North Carolina 28255
(b) NationsBank Plaza, Charlotte, NC 28255
Item 2(c) Citizenship:
(a) North Carolina Corporation
(b) U.S. National Banking Association
Item 2(d) Title of Class of Securities:
Common Stock, Class B
Item 2(e) CUSIP Number:
582757308
Page 4 of 6 Pages
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a)
Broker or Dealer registered under Section 15 of the Act
(b)
X
Bank as defined in Section 3(a)(6) of the Act
(c)
Insurance Company as defined in Section 3(a)(19) of the Act
(d)
Investment Company registered under Section 8 of the Investment
Company Act
(e)
Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940
(f)
Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employees Retirement Income Security Act of
1974 or Endowment Fund; see Sub-section 240.13d-1(b)(1)(ii)(F)
(g)
X
Parent Holding Company in accordance with Sub-section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h)
X
Group, in accordance with Sub-section 240.13d-1(b)(1)(ii)(H)
The following entities are holding companies:
NationsBank Corporation
The following entities are banks:
NationsBank of North Carolina, N.A.
The following entities are registered investment advisors:
Item 4 Ownership:
With respect to the beneficial ownership of the reporting entity as of
December 31, 1993, see Items 5 through 11, inclusive, of the respective cover
pages of this Schedule 13G applicable to such entity which are incorporated
herein by reference.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More Than Five Percent on Behalf of Another Person:
The reported shares are held in various fiduciary accounts, and accordingly,
dividends, and the proceeds of such shares, are payable to other persons,
including such accounts, the beneficiaries or settlors thereof or a combination
of such persons. In certain instances, other persons (including beneficiaries
and settlors) may be deemed to have the power to direct receipt of dividends or
the proceeds of the sale of shares reported herein. To the best of the
undersigned's knowledge and belief, no one other person has such an
economic interest relating to more than 5% of the class of reported shares.
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
Pursuant to Rule 13d-1(b)(1)(ii)(G) of the Securities Exchange Act of 1934,
Page 5 of 6 Pages
NationsBank Corporation is filing this Schedule 13G as a parent holding company
of the following:
a. NationsBank of North Carolina, N.A., classifiable under Item 3(b) as a Bank
as defined in Section 3(a)(6) of the Securities Exchange Act of 1934.
Item 8 Identification and Classification of Members of the Group:
Except for the relationships referred to in Item 7 hereof, the reporting
entities do not affirm the existence of a group. This Form is filed on behalf
of each of the entities listed in Item 2(a) hereof.
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By signing below, I certify that, to the best of my knowledge and belief, the
securities referenced to the above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
NATIONSBANK CORPORATION
NATIONSBANK OF NORTH CAROLINA, N.A.
Date:
By:
Signature
Mary Jo Inglett/Compliance Officer
Name/Title
Page 6 of 6 Pages
