EXHIBIT 99(I) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (UNAUDITED)
(Dollars in Thousands, Except Per Share Amounts) SEPT. 30, ASSETS 1994 - -------------------------------------------------------- ------------ CASH AND CASH EQUIVALENTS............................... $ 2,350,480 ------------ CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 5,313,256 ------------ MARKETABLE INVESTMENT SECURITIES........................ 2,146,744 ------------ 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 ------------ Total................................................... 53,855,887 ------------ RESALE AGREEMENTS....................................... 47,438,355 ------------ SECURITIES BORROWED..................................... 20,561,976 ------------ 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 ------------ Total................................................... 25,451,969 ------------ 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 ------------ TOTAL ASSETS............................................ $168,394,906 ============
6 MERRILL LYNCH & CO., INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (UNAUDITED)
(Dollars in Thousands, Except Per Share Amounts) SEPT. 30, LIABILITIES AND STOCKHOLDERS' EQUITY 1994 - ----------------------------------------------------------- ------------- 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 ----------- Total...................................................... 35,965,157 ----------- 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 ------------ TOTAL LIABILITIES.......................................... 162,690,155 ------------ 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 ------------ 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 ------------ 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 ------------ TOTAL COMMON STOCKHOLDERS' EQUITY.......................... 5,510,951 ------------ TOTAL STOCKHOLDERS' EQUITY................................. 5,704,751 ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY................. $168,394,906 ============
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