EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) SEPT. 29,
ASSETS 1995
- --------------------------------------------------------- ------------
CASH AND CASH EQUIVALENTS............................... $ 2,932,966
------------
CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 5,360,550
------------
MARKETABLE INVESTMENT SECURITIES........................ 2,321,681
------------
TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock...................... 18,254,829
Contractual agreements.................................. 11,463,086
U.S. Government and agencies............................ 8,992,533
Non-U.S. governments and agencies....................... 8,946,106
Equities and convertible debentures..................... 9,875,225
Mortgages and mortgage-backed........................... 2,923,718
Municipals.............................................. 996,174
Money markets........................................... 1,551,538
------------
Total................................................... 63,003,209
------------
RESALE AGREEMENTS....................................... 45,501,860
------------
SECURITIES BORROWED..................................... 23,619,471
------------
RECEIVABLES
Customers (net of allowance for doubtful accounts of
$47,754)............................................... 14,941,065
Brokers and dealers..................................... 10,999,592
Interest and other...................................... 4,005,927
------------
Total................................................... 29,946,584
------------
INVESTMENTS OF INSURANCE SUBSIDIARIES................... 5,709,734
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $181,806)............................... 2,672,601
OTHER INVESTMENTS....................................... 949,015
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $2,167,374)......................................... 1,608,225
OTHER ASSETS............................................ 1,846,791
------------
TOTAL ASSETS............................................ $185,472,687
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6
EXHIBIT 99(i)
(continued)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) SEPT. 29,
LIABILITIES AND STOCKHOLDERS' EQUITY 1995
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LIABILITIES
REPURCHASE AGREEMENTS............................... $ 54,274,118
------------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS.... 31,762,286
------------
TRADING LIABILITIES, AT FAIR VALUE
U.S. Government and agencies........................ 10,169,694
Contractual agreements.............................. 11,550,244
Non-U.S. governments and agencies................... 7,507,530
Equities and convertible debentures................. 6,197,449
Corporate debt and preferred stock.................. 1,772,335
Municipals.......................................... 100,523
------------
Total............................................... 37,297,775
------------
CUSTOMERS........................................... 10,527,590
INSURANCE........................................... 5,443,687
BROKERS AND DEALERS................................. 14,973,504
OTHER LIABILITIES AND ACCRUED INTEREST.............. 8,959,967
LONG-TERM BORROWINGS................................ 16,156,414
------------
TOTAL LIABILITIES................................... 179,395,341
------------
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..................................... 1,216,025
Foreign currency translation adjustment............. (29,596)
Net unrealized gains on investment securities
available-for-sale (net of applicable income tax
expense of $3,284)................................ 6,404
Retained earnings................................... 6,246,482
------------
Subtotal.......................................... 7,754,420
Less:
Treasury stock, at cost: 56,453,746 shares........ 1,998,751
Unallocated ESOP reversion shares, at cost:
4,375,113 shares................................ 68,908
Employee stock transactions....................... 228,215
------------
TOTAL COMMON STOCKHOLDERS' EQUITY................... 5,458,546
------------
TOTAL STOCKHOLDERS' EQUITY.......................... 6,077,346
------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.......... $185,472,687
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