EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) JUNE 30,
ASSETS 1995
- --------------------------------------------------------- ------------
CASH AND CASH EQUIVALENTS............................... $ 3,327,658
------------
CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 6,158,072
------------
MARKETABLE INVESTMENT SECURITIES........................ 2,486,560
------------
TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock...................... 15,008,898
Contractual agreements.................................. 13,257,433
U.S. Government and agencies............................ 5,822,573
Non-U.S. governments and agencies....................... 10,270,239
Equities and convertible debentures..................... 5,639,587
Mortgages and mortgage-backed........................... 4,536,167
Municipals.............................................. 1,129,075
Money markets........................................... 1,101,246
------------
Total................................................... 56,765,218
------------
RESALE AGREEMENTS....................................... 45,301,994
------------
SECURITIES BORROWED..................................... 21,752,624
------------
RECEIVABLES
Customers (net of allowance for doubtful accounts of
$47,922)............................................... 13,420,179
Brokers and dealers..................................... 9,745,775
Interest and other...................................... 4,445,044
------------
Total................................................... 27,610,998
------------
INVESTMENTS OF INSURANCE SUBSIDIARIES................... 5,780,049
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $173,694)............................... 1,868,958
OTHER INVESTMENTS....................................... 966,627
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $2,031,859)......................................... 1,575,984
OTHER ASSETS............................................ 1,257,791
------------
TOTAL ASSETS............................................ $174,852,533
============
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) JUNE 30,
LIABILITIES AND STOCKHOLDERS' EQUITY 1995
- ----------------------------------------------------- -------------
LIABILITIES
REPURCHASE AGREEMENTS............................... $ 52,491,110
------------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS.... 29,397,404
------------
TRADING LIABILITIES, AT FAIR VALUE
U.S. Government and agencies........................ 8,902,382
Contractual agreements.............................. 12,718,056
Non-U.S. governments and agencies................... 7,820,197
Equities and convertible debentures................. 4,310,127
Corporate debt and preferred stock.................. 2,168,189
Municipals.......................................... 147,475
------------
Total............................................... 36,066,426
------------
CUSTOMERS........................................... 11,521,207
INSURANCE........................................... 5,571,440
BROKERS AND DEALERS................................. 9,418,677
OTHER LIABILITIES AND ACCRUED INTEREST.............. 8,799,437
LONG-TERM BORROWINGS................................ 15,703,594
------------
TOTAL LIABILITIES................................... 168,969,295
------------
STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY...................... 618,800
------------
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..................................... 1,218,576
Foreign currency translation adjustment............. 17,680
Net unrealized losses on investment securities
available-for-sale (net of applicable income tax
benefit of $6,695)................................ (11,928)
Retained earnings................................... 6,003,846
------------
Subtotal.......................................... 7,543,279
Less:
Treasury stock, at cost: 56,061,348 shares........ 1,968,076
Unallocated ESOP reversion shares, at cost:
4,809,014 shares................................ 75,782
Employee stock transactions....................... 234,983
------------
TOTAL COMMON STOCKHOLDERS' EQUITY................... 5,264,438
------------
TOTAL STOCKHOLDERS' EQUITY.......................... 5,883,238
------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.......... $174,852,533
============