EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars In Thousands, Except Per Share Amounts) APRIL 1,
ASSETS 1994
- - ------------------------------------------------------ ------------
CASH AND CASH EQUIVALENTS............................. $ 1,150,135
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CASH AND SECURITIES SEGREGATED FOR REGULATORY
PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS... 4,028,823
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MARKETABLE INVESTMENT SECURITIES...................... 1,743,939
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TRADING INVENTORIES, AT FAIR VALUE
Corporate debt, contractual agreements,
and preferred stock................................. 27,394,625
Non-U.S. governments and agencies..................... 8,831,084
U.S. Government and agencies.......................... 8,752,521
Equities and convertible debentures................... 8,097,207
Mortgages and mortgage-backed......................... 6,318,485
Money markets......................................... 2,362,471
Municipals............................................ 1,150,676
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Total................................................. 62,907,069
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RESALE AGREEMENTS..................................... 49,144,330
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SECURITIES BORROWED................................... 21,186,156
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RECEIVABLES
Customers (net of allowance for doubtful accounts of
$51,280)............................................. 14,498,266
Brokers and dealers................................... 9,477,169
Interest and other.................................... 3,086,611
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Total................................................. 27,062,046
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INVESTMENTS OF INSURANCE SUBSIDIARIES................. 7,105,889
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $190,741)............................. 1,811,146
OTHER INVESTMENTS..................................... 806,803
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $1,694,582)....................................... 1,521,485
OTHER ASSETS.......................................... 1,215,975
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TOTAL ASSETS.......................................... $179,683,796
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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars In Thousands, Except Per Share Amounts) APRIL 1,
LIABILITIES AND STOCKHOLDERS' EQUITY 1994
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LIABILITIES
REPURCHASE AGREEMENTS........................................... $ 66,156,594
------------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS................ 23,299,088
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COMMITMENTS FOR SECURITIES SOLD BUT NOT YET PURCHASED, AT
FAIR VALUE
U.S. Government and agencies.................................... 13,979,878
Equities and convertible debentures............................. 3,972,621
Corporate debt, contractual agreements,
and preferred stock........................................... 13,821,556
Non-U.S. governments and agencies............................... 2,545,363
Municipals...................................................... 136,972
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Total........................................................... 34,456,390
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CUSTOMERS....................................................... 13,462,387
INSURANCE....................................................... 6,797,586
BROKERS AND DEALERS............................................. 8,200,912
OTHER LIABILITIES AND ACCRUED INTEREST.......................... 6,854,878
LONG-TERM BORROWINGS............................................ 14,852,894
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TOTAL LIABILITIES............................................... 174,080,729
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY
Preferred stock, par value $1.00 per share
(Liquidation preference $100,000 per share);
authorized: 25,000,000 shares;
issued: 3,000 shares; outstanding: 1,938 shares............ 193,800
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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.................................. 315,105
Paid-in capital................................................. 1,214,934
Foreign currency translation adjustment......................... (12,296)
Net unrealized losses on investment securities
available-for-sale (net of applicable income tax benefit
of $6,194)................................................... (12,254)
Retained earnings............................................... 5,106,190
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Subtotal................................................... 6,611,679
Less:
Treasury stock, at cost:
27,694,702 shares.......................................... 868,184
Unallocated ESOP shares, at cost:
7,742,069 shares........................................... 121,938
Employee stock transactions.................................. 212,290
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TOTAL COMMON STOCKHOLDERS' EQUITY............................... 5,409,267
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TOTAL STOCKHOLDERS' EQUITY...................................... 5,603,067
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY...................... $179,683,796
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