CONSOLIDATED BALANCE SHEET
Published on May 2, 1995
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) MARCH 31,
ASSETS 1995
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CASH AND CASH EQUIVALENTS............................... $ 2,961,691
------------
CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS.............. 5,556,700
------------
MARKETABLE INVESTMENT SECURITIES........................ 2,409,826
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TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock...................... 15,028,545
Contractual agreements.................................. 13,571,199
U.S. Government and agencies............................ 7,090,127
Non-U.S. governments and agencies....................... 8,269,381
Equities and convertible debentures..................... 6,271,017
Mortgages and mortgage-backed........................... 5,173,279
Municipals.............................................. 808,796
Money markets........................................... 1,364,647
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Total................................................... 57,576,991
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RESALE AGREEMENTS....................................... 45,089,532
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SECURITIES BORROWED..................................... 25,199,020
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RECEIVABLES
Customers (net of allowance for doubtful accounts of
$49,562).............................................. 13,117,075
Brokers and dealers..................................... 9,189,202
Interest and other...................................... 4,450,954
------------
Total................................................... 26,757,231
------------
INVESTMENTS OF INSURANCE SUBSIDIARIES................... 5,735,410
LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR
LOAN LOSSES OF $167,934).............................. 1,529,007
OTHER INVESTMENTS....................................... 1,007,575
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION
OF $1,954,115)........................................ 1,592,630
OTHER ASSETS............................................ 1,317,380
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TOTAL ASSETS............................................ $176,732,993
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MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) MARCH 31,
LIABILITIES AND STOCKHOLDERS' EQUITY 1995
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LIABILITIES
REPURCHASE AGREEMENTS................................. $ 57,110,193
------------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS...... 30,486,399
------------
TRADING LIABILITIES, AT FAIR VALUE
U.S. Government and agencies.......................... 13,170,544
Contractual agreements................................ 12,817,798
Non-U.S. governments and agencies..................... 5,722,599
Equities and convertible debentures................... 3,477,125
Corporate debt and preferred stock.................... 2,522,924
Municipals............................................ 97,531
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Total................................................. 37,808,521
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CUSTOMERS............................................. 10,986,016
INSURANCE............................................. 5,643,839
BROKERS AND DEALERS................................... 7,179,582
OTHER LIABILITIES AND ACCRUED INTEREST................ 7,329,772
LONG-TERM BORROWINGS.................................. 14,484,523
------------
TOTAL LIABILITIES..................................... 171,028,845
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY........................ 618,800
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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....................................... 1,226,730
Foreign currency translation adjustment............... 17,025
Net unrealized losses on investment securities
available-for-sale (net of applicable income tax
benefit of $18,580)................................. (34,593)
Retained earnings..................................... 5,778,548
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Subtotal............................................ 7,302,815
Less:
Treasury stock, at cost: 54,501,770 shares......... 1,892,155
Unallocated ESOP reversion shares, at cost:
5,306,924 shares.................................. 83,625
Employee stock transactions......................... 241,687
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TOTAL COMMON STOCKHOLDERS' EQUITY..................... 5,085,348
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TOTAL STOCKHOLDERS' EQUITY............................ 5,704,148
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY............ $176,732,993
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