EXHIBIT 99(I) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) DEC. 27, ASSETS 1996 - ---------------------------------------------------------- -------- CASH AND CASH EQUIVALENTS . . . . . . . . . . . . . . . . $ 3,375 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS . . . . . . . . 5,628 -------- MARKETABLE INVESTMENT SECURITIES . . . . . . . . . . . . . 2,180 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock . . . . . . . . . . . . 24,270 Contractual agreements . . . . . . . . . . . . . . . . . . 13,465 Equities and convertible debentures . . . . . . . . . . . 13,153 U.S. Government and agencies . . . . . . . . . . . . . . . 9,304 Non- U.S. governments and agencies . . . . . . . . . . . . 7,758 Mortgages, mortgage-backed, and asset-backed . . . . . . . 5,189 Money markets . . . . . . . . . . . . . . . . . . . . . . 1,209 Municipals . . . . . . . . . . . . . . . . . . . . . . . . 1,176 -------- Total . . . . . . . . . . . . . . . . . . . . . . . . . . 75,524 -------- RESALE AGREEMENTS . . . . . . . . . . . . . . . . . . . . 58,402 -------- SECURITIES BORROWED . . . . . . . . . . . . . . . . . . . 24,692 -------- RECEIVABLES Customers (net of allowance for doubtful accounts of $39) 18,309 Brokers and dealers . . . . . . . . . . . . . . . . . . . 6,205 Interest and other . . . . . . . . . . . . . . . . . . . . 5,280 -------- Total . . . . . . . . . . . . . . . . . . . . . . . . . . 29,794 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES . . . . . . . . . . 5,107 LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR LOAN LOSSES OF $117) . . . . . . . . . . . . . . . . . . 3,334 OTHER INVESTMENTS . . . . . . . . . . . . . . . . . . . . 1,125 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION OF $2,523) . . . . . . . . . . . . . . . . . . . . . . . 1,670 OTHER ASSETS . . . . . . . . . . . . . . . . . . . . . . . 2,185 -------- TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . $213,016 -------- -------- 6 Exhibit 99(I) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) LIABILITIES, PREFERRED SECURITIES ISSUED BY DEC. 27, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1996 - -------------------------------------------------------- --------- LIABILITIES REPURCHASE AGREEMENTS . . . . . . . . . . . . . . . . . $ 62,669 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS . . . . 39,333 -------- TRADING LIABILITIES, AT FAIR VALUE U.S. Government and agencies . . . . . . . . . . . . . . 13,965 Contractual agreements . . . . . . . . . . . . . . . . . 11,221 Equities and convertible debentures . . . . . . . . . . 8,332 Non-U.S. governments and agencies . . . . . . . . . . . 7,135 Corporate debt and preferred stock . . . . . . . . . . . 2,762 Municipals . . . . . . . . . . . . . . . . . . . . . . . 130 -------- Total . . . . . . . . . . . . . . . . . . . . . . . . . 43,545 -------- CUSTOMERS . . . . . . . . . . . . . . . . . . . . . . . 11,758 INSURANCE . . . . . . . . . . . . . . . . . . . . . . . 5,010 BROKERS AND DEALERS . . . . . . . . . . . . . . . . . . 3,407 OTHER LIABILITIES AND ACCRUED INTEREST . . . . . . . . . 13,973 LONG-TERM BORROWINGS . . . . . . . . . . . . . . . . . . 26,102 -------- TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . 205,797 -------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES . . . . . . 327 -------- STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY . . . . . . . . . . . . . 619 -------- COMMON STOCKHOLDERS' EQUITY Common stock, par value $1.33 1/3 per share; authorized: 500,000,000 shares; issued: 236,330,162 shares . . . . . . . . . . . . . 315 Paid-in capital . . . . . . . . . . . . . . . . . . . . 1,304 Foreign currency translation adjustment . . . . . . . . 10 Net unrealized gains on investment securities available-for-sale (net of applicable income tax expense of $5) . . . . . . . . . . . . . . . . . . . 9 Retained earnings . . . . . . . . . . . . . . . . . . . 7,868 -------- Subtotal . . . . . . . . . . . . . . . . . . . . . 9,506 Less: Treasury stock, at cost: 70,705,598 shares . . . . . 2,895 Unallocated ESOP reversion shares, at cost: 1,538,778 shares . . . . . . . . . . . . . . . . 24 Employee stock transactions . . . . . . . . . . . . . 314 -------- TOTAL COMMON STOCKHOLDERS' EQUITY . . . . . . . . . . . 6,273 -------- TOTAL STOCKHOLDERS' EQUITY . . . . . . . . . . . . . . . 6,892 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY . . . . . . . . $213,016 -------- -------- 7