EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amount) JUNE 26, ASSETS 1998 - --------------------------------------------------------- --------- CASH AND CASH EQUIVALENTS. . . . . . . . . . . . . . . . . $ 6,281 --------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS . . . . . . . . 11,933 --------- MARKETABLE INVESTMENT SECURITIES . . . . . . . . . . . . . 4,176 --------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock . . . . . . . . . . . . 32,589 Equities and convertible debentures. . . . . . . . . . . . 30,054 Contractual agreements . . . . . . . . . . . . . . . . . . 24,765 U.S. Government and agencies . . . . . . . . . . . . . . . 10,245 Non-U.S. governments and agencies. . . . . . . . . . . . . 11,409 Mortgages, mortgage-backed, and asset-backed . . . . . . . 11,196 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . 4,281 --------- 124,539 Securities received as collateral, net of securities pledged as collateral. . . . . . . . . . . . . . . . . . 12,162 --------- Total. . . . . . . . . . . . . . . . . . . . . . . . . . . 136,701 --------- SECURITIES PLEDGED AS COLLATERAL . . . . . . . . . . . . . 15,694 --------- RECEIVABLES UNDER RESALE AGREEMENTS. . . . . . . . . . . . 77,828 --------- RECEIVABLES UNDER SECURITIES BORROWED TRANSACTIONS . . . . 42,876 --------- OTHER RECEIVABLES Customers (net of allowance for doubtful accounts of $50). 30,398 Brokers and dealers. . . . . . . . . . . . . . . . . . . . 7,114 Interest and other . . . . . . . . . . . . . . . . . . . . 8,915 --------- Total. . . . . . . . . . . . . . . . . . . . . . . . . . . 46,427 --------- INVESTMENTS OF INSURANCE SUBSIDIARIES. . . . . . . . . . . 4,590 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $138) . . . . . . . . . . . . . . . . . . 7,621 OTHER INVESTMENTS. . . . . . . . . . . . . . . . . . . . . 1,970 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (net of accumulated depreciation and amortization of $3,146) . . . . . . . . . . . . . . . . . . . . . . . 2,295 GOODWILL (net of accumulated amortization of $234) . . . . 5,368 OTHER ASSETS . . . . . . . . . . . . . . . . . . . . . . . 1,691 --------- TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . $ 365,451 ========= 6 EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amount) LIABILITIES, PREFERRED SECURITIES ISSUED BY JUNE 26, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1998 - --------------------------------------------------------- --------- LIABILITIES PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES LOANED TRANSACTIONS. . . . . . . . . . . . . . . . . . . $ 99,710 --------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS . . . . . 50,891 --------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements . . . . . . . . . . . . . . . . . . 21,547 U.S. Government and agencies . . . . . . . . . . . . . . . 14,652 Equities and convertible debentures. . . . . . . . . . . . 20,641 Non-U.S. governments and agencies. . . . . . . . . . . . . 11,444 Corporate debt, preferred stock, and other . . . . . . . . 5,383 --------- Total. . . . . . . . . . . . . . . . . . . . . . . . . . . 73,667 --------- OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL . . 27,856 --------- OTHER PAYABLES Customers. . . . . . . . . . . . . . . . . . . . . . . . . 18,900 Brokers and dealers. . . . . . . . . . . . . . . . . . . . 5,540 Interest and other . . . . . . . . . . . . . . . . . . . . 20,857 --------- Total. . . . . . . . . . . . . . . . . . . . . . . . . . . 45,297 --------- LIABILITIES OF INSURANCE SUBSIDIARIES. . . . . . . . . . . 4,487 LONG-TERM BORROWINGS . . . . . . . . . . . . . . . . . . . 52,075 --------- TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . . 353,983 --------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES. . . . . . . . 1,777 --------- STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY . . . . . . . . . . . . . . 425 --------- COMMON STOCKHOLDERS' EQUITY 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. . . . . . . . . . . . . . . . . . . . . . 1,438 Accumulated other comprehensive income(net of tax) . . . . (23) Retained earnings. . . . . . . . . . . . . . . . . . . . . 10,377 --------- 12,422 Less: Treasury stock, at cost: 125,416,789 shares. . . . . 2,371 Employee stock transactions. . . . . . . . . . . . . 785 --------- TOTAL COMMON STOCKHOLDERS' EQUITY. . . . . . . . . . . . . 9,266 --------- TOTAL STOCKHOLDERS' EQUITY . . . . . . . . . . . . . . . . 9,691 --------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY . . . . . . . . . $ 365,451 ========= 7