PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
Published on February 25, 1997
EXHIBIT 99(I)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts) DEC. 27,
ASSETS 1996
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CASH AND CASH EQUIVALENTS . . . . . . . . . . . . . . . . $ 3,375
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS . . . . . . . . 5,628
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MARKETABLE INVESTMENT SECURITIES . . . . . . . . . . . . . 2,180
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TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock . . . . . . . . . . . . 24,270
Contractual agreements . . . . . . . . . . . . . . . . . . 13,465
Equities and convertible debentures . . . . . . . . . . . 13,153
U.S. Government and agencies . . . . . . . . . . . . . . . 9,304
Non- U.S. governments and agencies . . . . . . . . . . . . 7,758
Mortgages, mortgage-backed, and asset-backed . . . . . . . 5,189
Money markets . . . . . . . . . . . . . . . . . . . . . . 1,209
Municipals . . . . . . . . . . . . . . . . . . . . . . . . 1,176
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . 75,524
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RESALE AGREEMENTS . . . . . . . . . . . . . . . . . . . . 58,402
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SECURITIES BORROWED . . . . . . . . . . . . . . . . . . . 24,692
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RECEIVABLES
Customers (net of allowance for doubtful accounts of $39) 18,309
Brokers and dealers . . . . . . . . . . . . . . . . . . . 6,205
Interest and other . . . . . . . . . . . . . . . . . . . . 5,280
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . 29,794
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INVESTMENTS OF INSURANCE SUBSIDIARIES . . . . . . . . . . 5,107
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $117) . . . . . . . . . . . . . . . . . . 3,334
OTHER INVESTMENTS . . . . . . . . . . . . . . . . . . . . 1,125
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $2,523) . . . . . . . . . . . . . . . . . . . . . . . 1,670
OTHER ASSETS . . . . . . . . . . . . . . . . . . . . . . . 2,185
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TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . $213,016
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Exhibit 99(I)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts)
LIABILITIES, PREFERRED SECURITIES ISSUED BY DEC. 27,
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1996
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LIABILITIES
REPURCHASE AGREEMENTS . . . . . . . . . . . . . . . . . $ 62,669
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COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS . . . . 39,333
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TRADING LIABILITIES, AT FAIR VALUE
U.S. Government and agencies . . . . . . . . . . . . . . 13,965
Contractual agreements . . . . . . . . . . . . . . . . . 11,221
Equities and convertible debentures . . . . . . . . . . 8,332
Non-U.S. governments and agencies . . . . . . . . . . . 7,135
Corporate debt and preferred stock . . . . . . . . . . . 2,762
Municipals . . . . . . . . . . . . . . . . . . . . . . . 130
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Total . . . . . . . . . . . . . . . . . . . . . . . . . 43,545
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CUSTOMERS . . . . . . . . . . . . . . . . . . . . . . . 11,758
INSURANCE . . . . . . . . . . . . . . . . . . . . . . . 5,010
BROKERS AND DEALERS . . . . . . . . . . . . . . . . . . 3,407
OTHER LIABILITIES AND ACCRUED INTEREST . . . . . . . . . 13,973
LONG-TERM BORROWINGS . . . . . . . . . . . . . . . . . . 26,102
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TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . 205,797
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PREFERRED SECURITIES ISSUED BY SUBSIDIARIES . . . . . . 327
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY . . . . . . . . . . . . . 619
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COMMON STOCKHOLDERS' EQUITY
Common stock, par value $1.33 1/3 per share;
authorized: 500,000,000 shares;
issued: 236,330,162 shares . . . . . . . . . . . . . 315
Paid-in capital . . . . . . . . . . . . . . . . . . . . 1,304
Foreign currency translation adjustment . . . . . . . . 10
Net unrealized gains on investment securities
available-for-sale (net of applicable income tax
expense of $5) . . . . . . . . . . . . . . . . . . . 9
Retained earnings . . . . . . . . . . . . . . . . . . . 7,868
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Subtotal . . . . . . . . . . . . . . . . . . . . . 9,506
Less:
Treasury stock, at cost: 70,705,598 shares . . . . . 2,895
Unallocated ESOP reversion shares, at cost:
1,538,778 shares . . . . . . . . . . . . . . . . 24
Employee stock transactions . . . . . . . . . . . . . 314
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TOTAL COMMON STOCKHOLDERS' EQUITY . . . . . . . . . . . 6,273
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TOTAL STOCKHOLDERS' EQUITY . . . . . . . . . . . . . . . 6,892
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TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY . . . . . . . . $213,016
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