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                                                                   Exhibit 12(b)
                                                                   Page 1 of 2
                                                                   -----------



                            BANKAMERICA CORPORATION
              Historical and Pro Forma Combined Ratio of Earnings
                   to Fixed Charges and Ratio of Earnings to
             Combined Fixed Charges and Preferred Stock Dividends



  The ratio of earnings to fixed charges is computed by dividing earnings by
fixed charges. The ratio of earnings to combined fixed charges and preferred
stock dividends is computed by dividing earnings by the sum of fixed charges and
preferred stock dividend requirements. Earnings consist primarily of income
(loss) before income taxes adjusted for fixed charges. Fixed charges consist
primarily of interest expense on short- and long-term borrowings and one-third
(the portion deemed representative of the interest factor) of net rents under
long-term leases.

  The following table sets forth (i) the historical ratios of earnings to fixed
charges and the ratios of earnings to combined fixed charges and preferred stock
dividends for the year ended December 31, 1992 for BankAmerica Corporation and
its consolidated subsidiaries (BAC) and for Security Pacific Corporation and its
consolidated subsidiaries (SPC) and (ii) the pro forma combined ratios of
earnings to fixed charges and ratios of earnings to combined fixed charges and
preferred stock dividends for the year ended December 31, 1992, giving effect to
the April 22, 1992 merger between BAC and SPC (the Merger) as if it had been
consummated on January 1, 1991. The pro forma combined ratio has been calculated
using the pro forma combined financial information for the year ended December
31, 1992, and should be read in conjunction with and is qualified in its
entirety by such pro forma combined information included in the 1994 Annual
Report to Shareholders. Pro forma adjustments made to arrive at the pro forma
combined ratio are based on the purchase method of accounting and are based upon
actual amounts recorded by BAC subsequent to the effective time of the Merger.

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                                                                   Exhibit 12(b)
                                                                   Page 2 of 2
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<TABLE> 
<CAPTION> 

                                                              Year Ended 
                                                          December 31, 1992
                                                          -----------------
                                                      Historical      Pro Forma
                                                      ----------      ---------
                                                      BAC/a/ SPC       Combined
                                                      ----   ---       --------
<S>                                                   <C>    <C>      <C>  
RATIO OF EARNINGS TO FIXED CHARGES                                         
                                                                           
Excluding interest on deposits                        3.18    /b/        2.05  
Including interest on deposits                        1.53    /b/        1.27  
                                                                               
RATIO OF EARNINGS TO COMBINED                                                  
   FIXED CHARGES AND PREFERRED                                                 
   STOCK DIVIDENDS                                                             
Excluding interest on deposits                        2.55    /b/        1.87  
Including interest on deposits                        1.45    /b/        1.26   
 
</TABLE>

/a/  This financial information reflects the effects of the Merger subsequent to
     the Merger's consummation on April 22, 1992.

/b/  Because the Merger was consummated on April 22, 1992, there is no year-to-
     date data for SPC.


  These pro forma combined ratios are intended for informational purposes and
are not necessarily indicative of the future ratios of earnings to fixed charges
and ratios of earnings to combined fixed charges and preferred stock dividends
of the combined company or the ratios of earnings to fixed charges and ratios of
earnings to combined fixed charges and preferred stock dividends of the combined
company that would have actually occurred had the Merger been effective on
January 1, 1991.

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