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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 2, 1995
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(Date of earliest event reported)
BankAmerica Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-7377 94-1681731
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification
Number)
Bank of America Center
555 California Street
San Francisco, California 94104
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(Address of principal executive offices) (Zip Code)
415-622-3530
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(Registrant's telephone number, including area code)
4118048
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Item 5. Other Events.
Attached hereto as Exhibit 99 is a copy of BankAmerica
Corporation's press release dated October 3, 1995 titled
"BankAmerica Board Increases Preferred Stock Repurchase
Authorization to $750 Million From $500 Million."
Item 7. Financial Statements, Pro Forma
Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits
Exhibit
Number Description
- ------- -----------
99 BankAmerica Corporation press release dated October 3,
1995 titled "BankAmerica Board Increases Preferred
Stock Repurchase Authorization to $750 Million From
$500 Million."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
BANKAMERICA CORPORATION
(Registrant)
Date: October 3, 1995
By /s/ JAMES H. WILLIAMS
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James H. Williams
Executive Vice President
4118048 2
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EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
99 BankAmerica Corporation press release dated
October 3, 1995 titled "BankAmerica Board Increases
Preferred Stock Repurchase Authorization to
$750 Million From $500 Million."
4118048
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Exhibit 99
[BankAmerica Corporation logo appears here]
BankAmerica Corporation News
For release:
Contact: Peter Magnani
(415) 953-2418 or
(415) 407-9214
BANKAMERICA BOARD INCREASES PREFERRED STOCK REPURCHASE
AUTHORIZATION TO $750 MILLION FROM $500 MILLION
SAN FRANCISCO, October 3, 1995 -- BankAmerica Corporation (NYSE: BAC)
today announced that its Board of Directors has authorized the repurchase
or redemption of up to an additional $250 million of the corporation's
outstanding preferred stock.
BankAmerica announced a common and preferred stock repurchase program
on February 6, 1995. Yesterday's action increased the total number of shares
of preferred stock that may be repurchased or redeemed between February 6,
1995 and the end of 1996 to $750 million. From the inception of the program
through September 30, 1995, the corporation has repurchased or redeemed
approximately $202 million of its preferred stock.
The terms of the common stock repurchase program previously announced
remain unchanged. The corporation is authorized to buy back approximately
$1.9 billion of its common stock by the end of 1997. Through September 30,
1995, purchases pursuant to the February 1995 authorization totaled
13 million shares of common stock at an average per-share price of $51.58.
In other action, the Board yesterday named David A. Coulter, President
of BankAmerica Corporation and Bank of America NT&SA, to the boards of
directors of the corporation and the bank.
###
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