My 94 year old aunt Helen recently
passed 
away. She owned some Bank of Ameirca stock which she bought some time
prior to 
1991. The accountant says we need to come up with a purchase price per
share 
of common stock from back there so he can calculate the capital gain we
made 
when we sold it and report that gain to the IRS. He says we should do our
best 
to pin point a price back then and provide a print out of the authority
for 
saying that was the price.

I did some searches, including the Bank of America web site. They repoirt 
historical data on their shares up to 1998 but before that you can't get
their 
share prices because that is when they merged with NationsBank and they
give 
historical data only about Nations. Can you help me get share prices
for Bank of America common shares through the year 1990?

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Request for Question Clarification by juggler-ga on 27 Apr 2004 15:44 PDT

It wouldn't be feasible to provide you with Bank of America share
prices for every single day before 1990.


However, I can get you the Bank of America share price for any date
that you want, but I'd need specific dates.

For example: June 10, 1960 or May 10, 1972, etc.  

Do you have particular dates in mind?

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Clarification of Question by bigandy-ga on 27 Apr 2004 16:44 PDT

Thanks for your inquiry. 
I wanted the year's data as I wanted to pick the highest price for the
year as this would minimize our capital gain. I wonder if I could ask
you to give me the year's highest share price for 1997 to 1999 and the
dates when those year's highs were recorded? Anything along these
lines would be helpful. Even I suppose just the year's highs without a
specific date would be better than nothing.....Thanks

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Request for Question Clarification by juggler-ga on 27 Apr 2004 17:01 PDT

Bank of America and Nationsbank merged on September 30, 1998, so the
"old" Bank of America stock ceased to trade. As such, there would be
no numbers for 1999.

So are you asking for the highs for 1997 & 1998?

Also, just as an aside, are you sure that this is the approach
recommended by an accountant?  Sometimes, when someone passes away,
you get to use a "stepped up" basis and calculate your gain from the
date of death value of the stock.  If for whatever reason the "stepped
up" basis approach is unavailable to you, are you certain that you
were told to determine the highest value for those years? Obviously,
it's up to you and your accountant to determine what you need, and
I'll try to locate whatever numbers that you want, but I just want to
make sure that the data will actually be useful to you.

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Request for Question Clarification by juggler-ga on 27 Apr 2004 17:45 PDT

Or did you mean 1987, 1988 and 1989 (rather the 1997-1999), since you
first indicated that she bought the stock prior to 1991?

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Clarification of Question by bigandy-ga on 27 Apr 2004 17:51 PDT

Thanks for the reply....Sorry...I meant 1988, 1989, and 1990
As for the step up...you are right - but we sold her shares just
before her death as we needed cash to look after her costs. The result
is we have to get a cost base for calculation of capital gains....

Hello.

I've obtained 52-week high/low and year-end data for Bank of America
stock for 1988, 1989, 1990.  Note that fractions were used at that
time rather than decimals, so 1/8 = .125, 5/8 = .625, etc.

--------------------------------------

1988:

52wk HI   52wk LO    LAST
19 1/8    6 5/8      17 5/8

Source: The New York Times, 12/31/88, page 35.
--------------------------------------

1989:

52wk HI   52wk LO    LAST
36 3/8    17         26 3/4

Source: The New York Times, 12/30/89, page 37.
--------------------------------------

1990:

52wk HI   52wk LO    LAST
33 1/2    17 1/2     26 1/2

Source: The New York Times, 01/01/91, page 45.

---------------------------------------
search strategy:
All data from The New York Times.

If you'd like to retrieve and purchase the actual stock tables for
your records, go to the New York Times archive page:
http://pqasb.pqarchiver.com/nytimes/advancedsearch.html

In the "search for" box, enter: BnkAm

In the "Date Range" section change both the "from" & "to" boxes to the
appropriate date mentioned above (e.g., Dec 31 1988).

Press the "search" button. You will then be given the opportunity to
purchase the article titled "Stock Quote" from the New York Times.
---------------------------------------

I hope this helps. If anything is unclear, please use the "request
clarification" feature. Thanks.

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Clarification of Answer by juggler-ga on 27 Apr 2004 20:04 PDT

I did some additional research:


The 1988 high of 19 1/8 was obtained on November 4, 1988.
source: New York Times, Nov 6, 1988, page F14.

The 1989 high of 36 3/8 was obtained on September 29, 1989.
source: New York Times, Oct 1, 1989, page F18.

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Clarification of Answer by juggler-ga on 27 Apr 2004 21:08 PDT

The 1990 high of 33 1/2 was obtained on June 6, 1990.
source: New York Times, June 7, 1990, page D11.

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Request for Answer Clarification by bigandy-ga on 28 Apr 2004 10:26 PDT

Thanks for your excellent answer...it is exactly what I needed....
Best regards....you're a star!!!

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Clarification of Answer by juggler-ga on 28 Apr 2004 11:24 PDT

You're welcome!
-juggler