Published on July 31, 1996
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts) JUNE 28,
ASSETS 1996
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CASH AND CASH EQUIVALENTS.............................. $ 2,751
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS.............. 5,011
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MARKETABLE INVESTMENT SECURITIES....................... 2,146
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TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock..................... 20,138
Contractual agreements................................. 10,981
Equities and convertible debentures.................... 14,011
Non-U.S. governments and agencies...................... 9,255
U.S. Government and agencies........................... 8,247
Mortgages, mortgage-backed, and asset-backed........... 3,740
Money markets.......................................... 1,666
Municipals............................................. 1,094
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Total.................................................. 69,132
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RESALE AGREEMENTS...................................... 52,322
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SECURITIES BORROWED.................................... 23,985
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RECEIVABLES
Customers (net of allowance for doubtful accounts of $49) 17,405
Brokers and dealers.................................... 14,972
Interest and other..................................... 4,710
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Total.................................................. 37,087
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INVESTMENTS OF INSURANCE SUBSIDIARIES.................. 5,365
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $141).................................. 2,705
OTHER INVESTMENTS...................................... 1,128
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $2,331)............................................ 1,582
OTHER ASSETS........................................... 1,961
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TOTAL ASSETS........................................... $205,175
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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) JUNE 28,
LIABILITIES AND STOCKHOLDERS' EQUITY 1996
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LIABILITIES
REPURCHASE AGREEMENTS................................ $ 62,865
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COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS..... 32,702
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TRADING LIABILITIES, AT FAIR VALUE
Contractual agreements............................... 9,115
U.S. Government and agencies......................... 12,673
Equities and convertible debentures.................. 8,247
Non-U.S. governments and agencies.................... 6,718
Corporate debt and preferred stock................... 2,143
Municipals........................................... 58
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Total................................................ 38,954
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CUSTOMERS............................................ 10,112
INSURANCE............................................ 5,107
BROKERS AND DEALERS.................................. 14,852
OTHER LIABILITIES AND ACCRUED INTEREST............... 11,429
LONG-TERM BORROWINGS................................. 22,640
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TOTAL LIABILITIES.................................... 198,661
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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...................................... 1,312
Foreign currency translation adjustment.............. (4)
Net unrealized gains on investment securities
available-for-sale (net of applicable income tax
expense of $4)..................................... 8
Retained earnings.................................... 7,215
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Subtotal......................................... 8,846
Less:
Treasury stock, at cost: 64,876,357 shares....... 2,502
Unallocated ESOP reversion shares, at cost:
2,529,387 shares................................. 40
Employee stock transactions........................ 409
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TOTAL COMMON STOCKHOLDERS' EQUITY.................... 5,895
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TOTAL STOCKHOLDERS' EQUITY........................... 6,514
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........... $205,175
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