EXHIBIT 99.5 Consent of Independent Auditors We consent to the incorporation by reference in this Current Report (Form 8-K) of NationsBank Corporation of our report dated January 18, 1996 (except for the pooling of interest with Fourth Financial Corporation as of January 31, 1996, and Note 3, for which the date is January 31, 1996) with respect to the supplemental consolidated financial statements of Boatmen's Bancshares, Inc. for the years ended December 31, 1995, 1994, and 1993, which are incorporated by reference in this Current Report (Form 8-K). We also consent to the incorporation by reference into each NationsBank Corporation registration statement listed below of our report referred to above. Registration Statements on Form S-3 Number Description 33-44826 Dividend Reinvestment and Stock Purchase Plan 33-57533 $3 billion shelf 33-63097 $3 billion shelf 333-7229 $3 billion shelf Registration Statements on Form S-8 Number Description 2-91958 1978 KESOP (additional shares) 2-73761 1978 KESOP 2-80406 Stock Thrift Plan 33-45279 C&S/Sovran Plan 33-48883 1992 Associates' Stock Option Award Plan 33-60695 Key Employee Stock Purchase Plan 33-43125 C&S/Sovran Plans 33-55145 RHNB Plans 33-63351 Bank South Plans 33-62069 ICBK Plans 33-62208 MNC ESP Shares 333-02875 Directors Stock Plan 333-07105 1996 Associates' Stock Option Award Plan /s/ Ernst & Young LLP St. Louis, Missouri September 5, 1996