PRELIMINARY UNAUDITED BALANCE SHEET
Published on July 30, 1997
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts)
JUNE 27,
ASSETS 1997
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CASH AND CASH EQUIVALENTS . . . . . . . . . . . . . . . . . $ 4,528
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS . . . . . . . . . 9,707
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MARKETABLE INVESTMENT SECURITIES. . . . . . . . . . . . . . 2,659
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TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock. . . . . . . . . . . . . 32,950
Contractual agreements. . . . . . . . . . . . . . . . . . . 16,219
Equities and convertible debentures . . . . . . . . . . . . 22,288
U.S. Government and agencies. . . . . . . . . . . . . . . . 9,595
Non-U.S. governments and agencies . . . . . . . . . . . . . 13,236
Mortgages, mortgage-backed, and asset-backed. . . . . . . . 7,018
Money markets . . . . . . . . . . . . . . . . . . . . . . . 1,609
Municipals. . . . . . . . . . . . . . . . . . . . . . . . . 1,419
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,334
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RESALE AGREEMENTS . . . . . . . . . . . . . . . . . . . . . 60,447
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SECURITIES BORROWED . . . . . . . . . . . . . . . . . . . . 36,287
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RECEIVABLES
Customers (net of allowance for doubtful accounts of $45) . 22,810
Brokers and dealers . . . . . . . . . . . . . . . . . . . . 6,683
Interest and other. . . . . . . . . . . . . . . . . . . . . 6,541
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,034
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INVESTMENTS OF INSURANCE SUBSIDIARIES . . . . . . . . . . . 5,034
LOANS, NOTES, AND MORTGAGES (net of allowance for
loan losses of $122) . . . . . . . . . . . . . . . . . . . 3,866
OTHER INVESTMENTS . . . . . . . . . . . . . . . . . . . . . 1,203
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(net of accumulated depreciation and amortization
of $2,709) . . . . . . . . . . . . . . . . . . . . . . . . 1,857
OTHER ASSETS. . . . . . . . . . . . . . . . . . . . . . . . 2,080
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TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . $268,036
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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts)
LIABILITIES, PREFERRED SECURITIES ISSUED BY JUNE 27,
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1997
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LIABILITIES
REPURCHASE AGREEMENTS . . . . . . . . . . . . . . . . . . . $ 68,058
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COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS. . . . . . 57,431
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TRADING LIABILITIES, AT FAIR VALUE. . . . . . . . . . . . .
U.S. Government and agencies. . . . . . . . . . . . . . . . 16,436
Contractual agreements. . . . . . . . . . . . . . . . . . . 12,810
Equities and convertible debentures . . . . . . . . . . . . 16,234
Non-U.S. governments and agencies . . . . . . . . . . . . . 9,012
Corporate debt and preferred stock. . . . . . . . . . . . . 4,799
Municipals. . . . . . . . . . . . . . . . . . . . . . . . . 122
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,413
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CUSTOMERS . . . . . . . . . . . . . . . . . . . . . . . . . 13,677
INSURANCE . . . . . . . . . . . . . . . . . . . . . . . . . 4,859
BROKERS AND DEALERS . . . . . . . . . . . . . . . . . . . . 7,097
OTHER LIABILITIES AND ACCRUED INTEREST. . . . . . . . . . . 15,643
LONG-TERM BORROWINGS. . . . . . . . . . . . . . . . . . . . 33,963
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TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . 260,141
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PREFERRED SECURITIES ISSUED BY SUBSIDIARIES . . . . . . . . 627
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY. . . . . . . . . . . . . . . 425
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COMMON STOCKHOLDERS' EQUITY
Common stock, par value $1.33 1/3 per share;
authorized: 500,000,000 shares;
issued: 472,660,324 shares. . . . . . . . . . . . . . . . 630
Paid-in capital . . . . . . . . . . . . . . . . . . . . . . 1,065
Foreign currency translation adjustment . . . . . . . . . . 5
Net unrealized gains on investment securities
available-for-sale (net of applicable income tax
expense of $17) . . . . . . . . . . . . . . . . . . . . . 31
Retained earnings . . . . . . . . . . . . . . . . . . . . 8,678
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Subtotal. . . . . . . . . . . . . . . . . . . . . . . . . 10,409
Less:
Treasury stock, at cost: 143,611,883 shares . . . . . . . 3,099
Employee stock transactions . . . . . . . . . . . . . . . 467
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TOTAL COMMON STOCKHOLDERS' EQUITY . . . . . . . . . . . . . 6,843
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TOTAL STOCKHOLDERS' EQUITY. . . . . . . . . . . . . . . . . 7,268
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TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY. . . . . . . . . . $268,036
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