EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) JUNE 28, ASSETS 1996 ------------------------------------------------------- ------- CASH AND CASH EQUIVALENTS.............................. $ 2,751 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS.............. 5,011 -------- MARKETABLE INVESTMENT SECURITIES....................... 2,146 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock..................... 20,138 Contractual agreements................................. 10,981 Equities and convertible debentures.................... 14,011 Non-U.S. governments and agencies...................... 9,255 U.S. Government and agencies........................... 8,247 Mortgages, mortgage-backed, and asset-backed........... 3,740 Money markets.......................................... 1,666 Municipals............................................. 1,094 -------- Total.................................................. 69,132 -------- RESALE AGREEMENTS...................................... 52,322 -------- SECURITIES BORROWED.................................... 23,985 -------- RECEIVABLES Customers (net of allowance for doubtful accounts of $49) 17,405 Brokers and dealers.................................... 14,972 Interest and other..................................... 4,710 -------- Total.................................................. 37,087 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES.................. 5,365 LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR LOAN LOSSES OF $141).................................. 2,705 OTHER INVESTMENTS...................................... 1,128 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION OF $2,331)............................................ 1,582 OTHER ASSETS........................................... 1,961 -------- TOTAL ASSETS........................................... $205,175 ======== EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) JUNE 28, LIABILITIES AND STOCKHOLDERS' EQUITY 1996 ---------------------------------------------------- ------- LIABILITIES REPURCHASE AGREEMENTS................................ $ 62,865 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS..... 32,702 -------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements............................... 9,115 U.S. Government and agencies......................... 12,673 Equities and convertible debentures.................. 8,247 Non-U.S. governments and agencies.................... 6,718 Corporate debt and preferred stock................... 2,143 Municipals........................................... 58 -------- Total................................................ 38,954 -------- CUSTOMERS............................................ 10,112 INSURANCE............................................ 5,107 BROKERS AND DEALERS.................................. 14,852 OTHER LIABILITIES AND ACCRUED INTEREST............... 11,429 LONG-TERM BORROWINGS................................. 22,640 -------- TOTAL LIABILITIES.................................... 198,661 -------- 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...................................... 1,312 Foreign currency translation adjustment.............. (4) Net unrealized gains on investment securities available-for-sale (net of applicable income tax expense of $4)..................................... 8 Retained earnings.................................... 7,215 -------- Subtotal......................................... 8,846 Less: Treasury stock, at cost: 64,876,357 shares....... 2,502 Unallocated ESOP reversion shares, at cost: 2,529,387 shares................................. 40 Employee stock transactions........................ 409 -------- TOTAL COMMON STOCKHOLDERS' EQUITY.................... 5,895 -------- TOTAL STOCKHOLDERS' EQUITY........................... 6,514 -------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........... $205,175 ========