EXHIBIT 99(i)
MERILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(dollars in millions, except per share amount)
DECEMBER 25,
ASSETS 1998
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CASH AND CASH EQUIVALENTS...................................................... $ 12,530
--------
CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS...................................... 6,590
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RECEIVABLES UNDER RESALE AGREEMENTS AND SECURITIES BORROWED TRANSACTIONS....... 87,713
--------
MARKETABLE INVESTMENT SECURITIES............................................... 4,605
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TRADING ASSETS, AT FAIR VALUE
Equities and convertible debentures............................................ 25,318
Contractual agreements......................................................... 21,979
Corporate debt and preferred stock............................................. 21,166
U.S. Government and agencies................................................... 15,421
Non-U.S. governments and agencies.............................................. 7,474
Mortgages, mortgage-backed, and asset-backed................................... 7,023
Other.......................................................................... 3,358
--------
101,739
Securities received as collateral, net of securities pledged as collateral..... 6,106
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Total.......................................................................... 107,845
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SECURITIES PLEDGED AS COLLATERAL............................................... 8,184
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OTHER RECEIVABLES
Customers (net of allowance for doubtful accounts of $48)...................... 29,559
Brokers and dealers............................................................ 8,872
Interest and other............................................................. 9,278
--------
Total.......................................................................... 47,709
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INVESTMENTS OF INSURANCE SUBSIDIARIES.......................................... 4,485
LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $124)......... 7,687
OTHER INVESTMENTS.............................................................. 2,590
EQUIPMENT AND FACILITIES
(net of accumulated depreciation and amortization of $3,482).................. 2,761
GOODWILL (net of accumulated amortization of $338)............................. 5,364
OTHER ASSETS................................................................... 1,741
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TOTAL ASSETS................................................................... $299,804
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EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET, continued
(dollars in millions, except per share amount)
DECEMBER 25,
1998
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LIABILITIES
PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES
LOANED TRANSACTIONS.................................... $ 67,127
--------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS........ 18,679
--------
DEMAND AND TIME DEPOSITS................................ 13,744
--------
TRADING LIABILITIES, AT FAIR VALUE
Contractual agreements.................................. 23,840
Equities and convertible debentures..................... 21,558
U.S. Government and agencies............................ 7,939
Non-U.S. governments and agencies....................... 7,245
Corporate debt and preferred stock...................... 2,878
Other................................................... 254
--------
Total................................................... 63,714
--------
OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL.. 14,290
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OTHER PAYABLES
Customers............................................... 20,972
Brokers and dealers..................................... 7,899
Interest and other...................................... 18,738
--------
Total................................................... 47,609
--------
LIABILITIES OF INSURANCE SUBSIDIARIES................... 4,319
LONG-TERM BORROWINGS.................................... 57,563
--------
TOTAL LIABILITIES....................................... 287,045
--------
PREFERRED SECURITIES ISSUED BY SUBSIDIARIES............. 2,627
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY.......................... 425
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COMMON STOCKHOLDERS' EQUITY
Shares exchangeable into common stock................... 66
Common stock (par value $1.33 1/3 per share;
authorized: 1,000,000,000 shares;
issued: 472,660,324 shares)........................... 630
Paid-in capital......................................... 1,427
Accumulated other comprehensive loss (net of tax)....... (122)
Retained earnings....................................... 10,475
--------
12,476
Less: Treasury stock, at cost (116,376,259 shares)...... 2,101
Employee stock transactions....................... 668
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TOTAL COMMON STOCKHOLDERS' EQUITY....................... 9,707
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TOTAL STOCKHOLDERS' EQUITY.............................. 10,132
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TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY................. $299,804
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