EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) MARCH 29, ASSETS 1996 ----------------------------------------------------------------- -------- CASH AND CASH EQUIVALENTS........................................ $ 2,633 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS........................ 5,099 -------- MARKETABLE INVESTMENT SECURITIES................................. 2,307 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock............................... 18,386 Contractual agreements........................................... 10,285 Equities and convertible debentures.............................. 13,295 Non-U.S. governments and agencies................................ 6,820 U.S. Government and agencies..................................... 7,952 Mortgages, mortgage-backed, and asset-backed..................... 2,990 Money markets.................................................... 1,465 Municipals....................................................... 876 -------- Total............................................................ 62,069 -------- RESALE AGREEMENTS................................................ 52,880 -------- SECURITIES BORROWED.............................................. 24,814 -------- RECEIVABLES Customers (net of allowance for doubtful accounts of $41)........ 14,988 Brokers and dealers.............................................. 14,117 Interest and other............................................... 4,458 -------- Total............................................................ 33,563 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES............................ 5,432 LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR LOAN LOSSES OF $131)............................................ 2,503 OTHER INVESTMENTS................................................ 987 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION OF $2,253)...................................................... 1,602 OTHER ASSETS..................................................... 1,995 -------- TOTAL ASSETS..................................................... $195,884 ======== EXHIBIT 99(i) (CONTINUED) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) MARCH 29, LIABILITIES AND STOCKHOLDERS' EQUITY 1996 --------------------------------------------------------------- -------- LIABILITIES REPURCHASE AGREEMENTS.......................................... $ 61,657 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS............... 30,669 -------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements......................................... 9,132 U.S. Government and agencies................................... 12,443 Equities and convertible debentures............................ 7,834 Non-U.S. governments and agencies.............................. 6,231 Corporate debt and preferred stock............................. 1,994 Municipals..................................................... 69 -------- Total ......................................................... 37,703 -------- CUSTOMERS...................................................... 10,599 INSURANCE...................................................... 5,232 BROKERS AND DEALERS............................................ 12,808 OTHER LIABILITIES AND ACCRUED INTEREST......................... 10,626 LONG-TERM BORROWINGS........................................... 20,226 -------- TOTAL LIABILITIES.............................................. 189,520 -------- 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................................................ 1,322 Foreign currency translation adjustment........................ (21) Net unrealized gains on investment securities available-for-sale (net of applicable income tax expense of $2)............................................... 4 Retained earnings.............................................. 6,845 -------- Subtotal................................................... 8,465 Less: Treasury stock, at cost: 60,394,639 shares................... 2,224 Unallocated ESOP reversion shares, at cost: 2,895,319 shares........................................... 46 Employee stock transactions.................................. 450 -------- TOTAL COMMON STOCKHOLDERS' EQUITY.............................. 5,745 -------- TOTAL STOCKHOLDERS' EQUITY..................................... 6,364 -------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY..................... $195,884 ========