Exhibit 99.1
Merrill Lynch & Co., Inc. and Subsidiaries
Unaudited Pro Forma Condensed Consolidated Financial Statements
The accompanying unaudited pro forma condensed consolidated financial statements have been prepared to reflect the merger of Merrill Lynch & Co., Inc. (“Merrill Lynch”) and Banc of America Securities Holdings Corporation (“BAS Holdings,” and together with its subsidiaries “BASH”), with Merrill Lynch as the surviving entity. Merrill Lynch and BAS Holdings are both wholly-owned subsidiaries of Bank of America Corporation (“Bank of America”). No consideration was paid by Merrill Lynch in connection with the merger. Banc of America Securities LLC (“BAS”), a Delaware limited liability company and a wholly-owned subsidiary of BAS Holdings, is registered as a broker-dealer and an investment advisor with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority and various exchanges. Subsequent to the merger, BAS was merged into Merrill Lynch, Pierce, Fenner & Smith Incorporated, a wholly-owned broker-dealer subsidiary of Merrill Lynch.
In accordance with the accounting guidance for business combinations involving entities under common control, Merrill Lynch’s consolidated financial statements will include the historical results of BASH as if the merger had occurred as of January 1, 2009, the date at which both entities were first under the common control of Bank of America. The assets and liabilities acquired in connection with the BASH merger will be recorded at their historical carrying values. The merger was completed on November 1, 2010.
The unaudited pro forma condensed consolidated statements of operations for the year ended December 31, 2009 and for the six months ended June 30, 2010 and June 30, 2009 give effect to the merger as if it had occurred on January 1, 2009. The unaudited pro forma condensed consolidated balance sheet as of June 30, 2010 gives effect to the merger as if it had occurred as of that date. The unaudited pro forma condensed consolidated financial statements are subject to the assumptions and adjustments set forth in the accompanying notes. Merrill Lynch’s management believes that the assumptions used and adjustments made are reasonable. The unaudited pro forma condensed consolidated financial statements are for illustrative and informational purposes only and are not intended to represent, or be indicative of, what Merrill Lynch’s consolidated results of operations or financial position would have been had the transaction occurred on the dates indicated. Further, the unaudited pro forma condensed consolidated financial statements should not be considered representative of Merrill Lynch’s future consolidated financial position or results of operations.
The unaudited pro forma condensed consolidated financial statements should be read in conjunction with:
•   The accompanying notes to the unaudited pro forma condensed consolidated financial statements;
 
•   Merrill Lynch’s Annual Report on Form 10-K for the year ended December 31, 2009; and
 
•   Merrill Lynch’s Quarterly Report on Form 10-Q for the quarterly periods ended June 30, 2010 and March 31, 2010.

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Merrill Lynch & Co., Inc. and Subsidiaries
Pro Forma Condensed Consolidated Balance Sheet (Unaudited)
                                 
    June 30, 2010
    Merrill Lynch   BASH   Eliminations,
Reclassifications 		  Merrill Lynch
(dollars in millions)   Historical (a)   Historical (b)   and Adjustments   Pro Forma
ASSETS
                                
Cash and cash equivalents
   $ 15,778     $ 72     $ (16 )(d)   $ 15,834  
Cash and securities segregated for regulatory purposes or deposited with clearing organizations
     11,542       1,035       (1,010 )(d)     11,567  
Securities financing transactions
                                
Receivables under resale agreements
     88,993       134,048       (11,788 )(c)     157,372  
 
                     (53,881 )(d)        
Receivables under securities borrowed transactions
     51,455       21,831       (6,007 )(c)     67,279  
 
 
     140,448       155,879       (71,676 )     224,651  
 
Trading assets, at fair value
     147,453       65,594       (13 )(d)     213,034  
Investment securities
     24,195       —       13  (d)     24,208  
Securities received as collateral, at fair value
     20,952       —       —       20,952  
Receivables from Bank of America
     34,364       —       (5,927 )(c)     83,439  
 
                     55,002  (d)        
Other receivables
     36,847       12,860       (223 )(c)     49,496  
 
                     12 (d)        
Loans, notes, and mortgages
     32,576       —       —       32,576  
Equipment and facilities, net
     1,847       —       —       1,847  
Goodwill and other intangible assets
     8,791       985       —       9,776  
Other assets
     17,638       216       (470 )(d)     17,384  
 
Total Assets
   $ 492,431     $ 236,641     $ (24,308 )   $ 704,764  
 
See Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet.

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Merrill Lynch & Co., Inc. and Subsidiaries
Pro Forma Condensed Consolidated Balance Sheet (Unaudited)
                                 
    June 30, 2010
    Merrill Lynch   BASH   Eliminations,
Reclassifications		   Merrill Lynch
(dollars in millions)   Historical (a)   Historical (b)   and Adjustments   Pro Forma
LIABILITIES
                                
Securities financing transactions
                                
Payables under repurchase agreements
   $ 83,134     $ 169,791     $ (5,895 )(c)   $ 232,498  
 
                     (14,532 )(d)        
Payables under securities loaned transactions
     13,474       773       (97 )(c)     14,150  
 
 
     96,608       170,564       (20,524 )     246,648  
 
Short-term borrowings
     6,801       15,386       (3,020 )(d)     19,167  
Deposits
     12,961       —       —       12,961  
Trading liabilities, at fair value
     84,986       30,851       —       115,837  
Obligation to return securities received as collateral, at fair value
     20,952       —       —       20,952  
Payables to Bank of America
     25,584       —       (18,633 )(c)     27,945  
 
                     20,994  (d)        
Other payables
     65,497       9,811       680  (c)     75,445  
 
                     (477 )(d)        
 
                     (66 )(e)        
Long-term borrowings
     131,734       3,328       (3,328 )(d)     131,734  
Junior subordinated notes (related to trust preferred securities)
     3,563       —       —       3,563  
 
Total Liabilities
     448,686       229,940       (24,374 )     654,252  
 
STOCKHOLDERS’ EQUITY
     43,745       6,701       66  (e)     50,512  
 
Total Liabilities and Stockholders’ Equity
   $ 492,431     $ 236,641     $ (24,308 )   $ 704,764  
 
See Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet.

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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
(a)   Reflects Merrill Lynch’s historical condensed consolidated balance sheet.
 
(b)   Reflects BASH’s historical condensed consolidated balance sheet.
 
(c)   Reflects the elimination of intercompany balances between Merrill Lynch and BASH.
 
(d)   Reflects reclassifications of BASH’s historical information to conform to Merrill Lynch’s condensed consolidated balance sheet presentation.
 
(e)   Reflects the recalculation of income tax liabilities as of June 30, 2010.

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Merrill Lynch & Co., Inc. and Subsidiaries
Pro Forma Condensed Consolidated Statement of Income (Unaudited)
                                 
    Year Ended December 31, 2009  
    Merrill Lynch     BASH     Eliminations,
Reclassifications		     Merrill Lynch  
(dollars in millions)   Historical (a)     Historical (b)     and Adjustments     Pro Forma  
Revenues
                                
Principal transactions
   $ 3,953     $ 1,329     $ (162 )(d)   $ 5,120  
Commissions
     5,885       31       92  (d)     6,008  
Managed accounts and other fee-based revenues
     4,315       —       —       4,315  
Investment banking
     3,573       1,985       —       5,558  
Earnings from equity method investments
     1,686       —       (7 )(d)     1,679  
Other
     3,242       114       4  (c)     3,403  
 
                     43  (d)        
 
                        
Subtotal
     22,654       3,459       (30 )     26,083  
Interest and dividend revenues
     11,405       4,121       (93 )(c)     15,467  
 
                     34  (d)        
Less interest expense
     10,773       1,361       (93 )(c)     12,041  
 
                        
Net interest profit
     632       2,760       34       3,426  
 
                        
Revenues, net of interest expense
     23,286       6,219       4       29,509  
 
                        
Non-interest expenses
                                
Compensation and benefits
     12,040       1,271       20  (d)     13,331  
Communications and technology
     1,918       72       25  (d)     2,015  
Occupancy and related depreciation
     1,189       126       —       1,315  
Brokerage, clearing, and exchange fees
     1,046       349       (308 )(d)     1,087  
Advertising and market development
     363       —       33  (d)     396  
Professional fees
     607       84       78  (d)     769  
Office supplies and postage
     161       —       12  (d)     173  
Other
     2,064       226       4  (c)     2,434  
 
                     140  (d)        
 
                        
Total non-interest expenses
     19,388       2,128       4       21,520  
 
                        
Pre-tax earnings from continuing operations
     3,898       4,091       —       7,989  
Income tax (benefit) expense
     (838 )     1,487       —       649  
 
                        
Net earnings from continuing operations
   $ 4,736     $ 2,604     $ —     $ 7,340  
 
                        
See Notes to Unaudited Pro Forma Condensed Consolidated Statements of Income.

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Merrill Lynch & Co., Inc. and Subsidiaries
Pro Forma Condensed Consolidated Statement of Income (Unaudited)
                                 
    Six Months Ended June 30, 2010  
    Merrill Lynch     BASH     Eliminations,
Reclassifications 		    Merrill Lynch  
(dollars in millions)   Historical (a)     Historical (b)     and Adjustments     Pro Forma  
Revenues
                                
Principal transactions
   $ 5,318     $ 853     $ (33 )(d)   $ 6,138  
Commissions
     2,927       —       39  (d)     2,966  
Managed accounts and other fee-based revenues
     2,212       —       —       2,212  
Investment banking
     1,383       1,091       —       2,474  
Earnings from equity method investments
     377       —       —       377  
Other
     2,303       53       (22 )(d)     2,334  
 
                        
Subtotal
     14,520       1,997       (16 )     16,501  
Interest and dividend revenues
     2,817       1,937       (30 )(c)     4,740  
 
                     16  (d)        
Less interest expense
     4,093       914       (30 )(c)     4,977  
 
                        
Net interest (expense) profit
     (1,276 )     1,023       16       (237 )
 
                        
Revenues, net of interest expense
     13,244       3,020       —       16,264  
 
                        
Non-interest expenses
                                
Compensation and benefits
     7,320       767       —       8,087  
Communications and technology
     922       39       12  (d)     973  
Occupancy and related depreciation
     623       79       —       702  
Brokerage, clearing, and exchange fees
     542       112       (104 )(d)     550  
Advertising and market development
     179       —       20  (d)     199  
Professional fees
     321       37       36  (d)     394  
Office supplies and postage
     77       —       —       77  
Other
     1,102       66       36  (d)     1,204  
 
                        
Total non-interest expenses
     11,086       1,100       —       12,186  
 
                        
Pre-tax earnings from continuing operations
     2,158       1,920       —       4,078  
Income tax expense
     529       708       (66 )(e)     1,171  
 
                        
Net earnings from continuing operations
   $ 1,629     $ 1,212     $ 66     $ 2,907  
 
                        
See Notes to Unaudited Pro Forma Condensed Consolidated Statements of Income.

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Merrill Lynch & Co., Inc. and Subsidiaries
Pro Forma Condensed Consolidated Statement of Income (Unaudited)
                                 
    Six Months Ended June 30, 2009  
                    Eliminations,        
    Merrill Lynch     BASH     Reclassifications     Merrill Lynch  
(dollars in millions)   Historical (a)     Historical (b)     and Adjustments     Pro Forma  
Revenues
                                
Principal transactions
   $ 4,086     $ 797     $ (51 )(d)   $ 4,832  
Commissions
     3,006       —       76  (d)     3,082  
Managed accounts and other fee-based revenues
     2,220       —       —       2,220  
Investment banking
     1,468       996       —       2,464  
Earnings from equity method investments
     94       —       (3 )(d)     91  
Other
     1,068       68       (22 )(d)     1,114  
 
                        
Subtotal
     11,942       1,861       —       13,803  
Interest and dividend revenues
     6,826       2,224       (48 )(c)     9,002  
Less interest expense
     6,424       694       (48 )(c)     7,070  
 
                        
Net interest profit
     402       1,530       —       1,932  
 
                        
Revenues, net of interest expense
     12,344       3,391       —       15,735  
 
                        
Non-interest expenses
                                
Compensation and benefits
     6,689       963       15  (d)     7,667  
Communications and technology
     897       42       10  (d)     949  
Occupancy and related depreciation
     585       64       3  (d)     652  
Brokerage, clearing, and exchange fees
     532       242       (212 )(d)     562  
Advertising and market development
     161       —       18  (d)     179  
Professional fees
     255       31       38  (d)     324  
Office supplies and postage
     80       —       7  (d)     87  
Other
     957       151       121  (d)     1,229  
 
                        
Total non-interest expenses
     10,156       1,493       —       11,649  
 
                        
 
Pre-tax earnings from continuing operations
     2,188       1,898       —       4,086  
Income tax expense
     479       682       (97 )(e)     1,064  
 
                        
Net earnings from continuing operations
  $ 1,709     $ 1,216     $ 97     $ 3,022  
 
                        
See Notes to Unaudited Pro Forma Condensed Statements of Income.

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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(a)   Reflects Merrill Lynch’s historical condensed consolidated statements of income.
(b)   Reflects BASH’s historical condensed consolidated statements of income.
(c)   Reflects the elimination of intercompany balances between Merrill Lynch and BASH.
(d)   Reflects reclassification of BASH’s historical information to conform to Merrill Lynch’s condensed consolidated statement of income presentation.
(e)   Reflects the recalculation of income tax expense for the six months ended June 30, 2010 and June 30, 2009.

8