EXHIBIT 99(I)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) JULY 1,
ASSETS 1994
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CASH AND CASH EQUIVALENTS............................... $ 3,310,269
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 5,571,145
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MARKETABLE INVESTMENT SECURITIES........................ 2,089,302
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TRADING INVENTORIES, AT FAIR VALUE
Corporate debt, contractual agreements,
and preferred stock.................................... 28,478,182
Non-U.S. governments and agencies....................... 8,234,629
U.S. Government and agencies............................ 6,203,640
Equities and convertible debentures..................... 7,810,518
Mortgages and mortgage-backed........................... 5,800,325
Money markets........................................... 1,830,516
Municipals.............................................. 962,878
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Total................................................... 59,320,688
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RESALE AGREEMENTS....................................... 45,953,364
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SECURITIES BORROWED..................................... 20,215,603
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RECEIVABLES
Customers (net of allowance for doubtful accounts of
$46,350)............................................... 14,399,930
Brokers and dealers..................................... 7,168,993
Interest and other...................................... 4,227,808
------------
Total................................................... 25,796,731
------------
INVESTMENTS OF INSURANCE SUBSIDIARIES................... 6,372,764
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $205,556)............................... 1,739,118
OTHER INVESTMENTS....................................... 825,191
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $1,764,730)......................................... 1,571,758
OTHER ASSETS............................................ 1,240,603
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TOTAL ASSETS............................................ $174,006,536
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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) JULY 1,
LIABILITIES AND STOCKHOLDERS' EQUITY 1994
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LIABILITIES
REPURCHASE AGREEMENTS...................................... $ 60,081,702
------------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS........... 23,081,706
------------
COMMITMENTS FOR SECURITIES SOLD BUT NOT YET PURCHASED, AT
FAIR VALUE
U.S. Government and agencies............................... 12,692,762
Equities and convertible debentures........................ 4,459,107
Corporate debt, contractual agreements,
and preferred stock....................................... 14,614,812
Non-U.S. governments and agencies.......................... 2,874,041
Municipals................................................. 164,669
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Total...................................................... 34,805,391
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CUSTOMERS.................................................. 13,166,159
INSURANCE.................................................. 6,077,311
BROKERS AND DEALERS........................................ 7,345,447
OTHER LIABILITIES AND ACCRUED INTEREST..................... 8,531,133
LONG-TERM BORROWINGS....................................... 15,289,293
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TOTAL LIABILITIES.......................................... 168,378,142
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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............................................ 1,209,817
Foreign currency translation adjustment.................... 2,728
Net unrealized losses on investment securities
available-for-sale (net of applicable income tax
benefit of $18,366)....................................... (34,330)
Retained earnings.......................................... 5,310,680
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Subtotal................................................. 6,804,000
Less:
Treasury stock, at cost:
33,092,703 shares....................................... 1,070,374
Unallocated ESOP shares, at cost:
7,255,040 shares........................................ 114,267
Employee stock transactions............................... 184,765
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TOTAL COMMON STOCKHOLDERS' EQUITY.......................... 5,434,594
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TOTAL STOCKHOLDERS' EQUITY................................. 5,628,394
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY................. $174,006,536
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