EXHIBIT 99(I)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET (UNAUDITED)
(Dollars in Thousands, Except Per Share Amounts) SEPT. 30,
ASSETS 1994
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CASH AND CASH EQUIVALENTS............................... $ 2,350,480
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 5,313,256
------------
MARKETABLE INVESTMENT SECURITIES........................ 2,146,744
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TRADING INVENTORIES, AT FAIR VALUE
Corporate debt, contractual agreements,
and preferred stock.................................... 25,560,618
Non-U.S. governments and agencies....................... 6,354,539
U.S. Government and agencies............................ 6,538,910
Equities and convertible debentures..................... 7,110,871
Mortgages and mortgage-backed........................... 5,716,300
Money markets........................................... 1,595,807
Municipals.............................................. 978,842
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Total................................................... 53,855,887
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RESALE AGREEMENTS....................................... 47,438,355
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SECURITIES BORROWED..................................... 20,561,976
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RECEIVABLES
Customers (net of allowance for doubtful accounts of
$47,110).............................................. 13,252,840
Brokers and dealers..................................... 9,380,993
Interest and other...................................... 2,818,136
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Total................................................... 25,451,969
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INVESTMENTS OF INSURANCE SUBSIDIARIES................... 6,029,482
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $201,001)............................... 1,595,448
OTHER INVESTMENTS....................................... 857,353
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $1,829,552)......................................... 1,556,655
OTHER ASSETS............................................ 1,237,301
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TOTAL ASSETS............................................ $168,394,906
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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET (UNAUDITED)
(Dollars in Thousands, Except Per Share Amounts) SEPT. 30,
LIABILITIES AND STOCKHOLDERS' EQUITY 1994
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LIABILITIES
REPURCHASE AGREEMENTS...................................... $ 56,635,531
------------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS........... 24,260,981
------------
COMMITMENTS FOR SECURITIES SOLD BUT NOT YET PURCHASED, AT
FAIR VALUE
U.S. Government and agencies............................... 16,220,950
Equities and convertible debentures........................ 5,135,063
Corporate debt, contractual agreements,
and preferred stock....................................... 12,930,569
Non-U.S. governments and agencies.......................... 1,485,145
Municipals................................................. 193,430
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Total...................................................... 35,965,157
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CUSTOMERS.................................................. 10,520,822
INSURANCE.................................................. 5,823,306
BROKERS AND DEALERS........................................ 6,240,925
OTHER LIABILITIES AND ACCRUED INTEREST..................... 7,395,476
LONG-TERM BORROWINGS....................................... 15,847,957
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TOTAL LIABILITIES.......................................... 162,690,155
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY
Preferred stock, par value $1.00 per share
(Liquidation preference $100,000 per share);
authorized: 25,000,000 shares;
issued: 3,000 shares; outstanding: 1,938 shares.......... 193,800
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COMMON STOCKHOLDERS' EQUITY
Common stock, par value $1.33 1/3 per share;
authorized: 500,000,000 shares;
issued: 236,330,162 shares.............................. 315,105
Paid-in capital............................................ 1,211,125
Foreign currency translation adjustment.................... 4,466
Net unrealized losses on investment securities
available-for-sale (net of applicable income tax
benefit of $24,751)...................................... (45,409)
Retained earnings.......................................... 5,495,685
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Subtotal............................................... 6,980,972
Less:
Treasury stock, at cost: 36,701,040 shares............... 1,203,212
Unallocated ESOP shares, at cost: 6,816,714 shares....... 107,363
Employee stock transactions.............................. 159,446
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TOTAL COMMON STOCKHOLDERS' EQUITY.......................... 5,510,951
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TOTAL STOCKHOLDERS' EQUITY................................. 5,704,751
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY................. $168,394,906
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