EXHIBIT 99(I)
Published on October 30, 1996
EXHIBIT 99(i)
Merrill Lynch & Co., Inc. and Subsidiaries
Preliminary Unaudited Consolidated Balance Sheet
(Dollars in Millions, Except Per Share Amounts) Sept. 27,
ASSETS 1996
---------
Cash and cash equivalents ........................................ $ 2,835
--------
Cash and securities segregated for regulatory purposes
or deposited with clearing organizations ........................ 5,238
--------
Marketable investment securities ................................. 2,158
--------
Trading assets, at fair value
Corporate debt and preferred stock ............................... 22,878
Contractual agreements ........................................... 12,038
Equities and convertible debentures .............................. 13,771
Non-U.S. governments and agencies ................................ 8,596
U.S. Government and agencies ..................................... 9,253
Mortgages, mortgage-backed, and asset-backed ..................... 4,247
Money markets .................................................... 1,802
Municipals ....................................................... 1,007
--------
Total ............................................................ 73,592
--------
Resale agreements ................................................ 55,873
--------
Securities borrowed .............................................. 25,968
--------
Receivables
Customers (net of allowance for doubtful accounts of $50) ........ 17,211
Brokers and dealers .............................................. 7,319
Interest and other ............................................... 4,605
--------
Total ............................................................ 29,135
--------
Investments of insurance subsidiaries ............................ 5,373
Loans, notes, and mortgages (net of allowance for
loan losses of $142) ............................................ 3,060
Other investments ................................................ 1,084
Property, leasehold improvements, and equipment
(net of accumulated depreciation and amortization
of $2,431) ...................................................... 1,629
Other assets ..................................................... 1,966
--------
Total Assets ..................................................... $207,911
========
6
EXHIBIT 99(i)
Merrill Lynch & Co., Inc. and Subsidiaries
Preliminary Unaudited Consolidated Balance Sheet
(Dollars in Millions, Except Per Share Amounts) Sept. 27,
LIABILITIES AND STOCKHOLDERS' EQUITY 1996
---------
LIABILITIES
Repurchase agreements ........................................... $ 65,123
--------
Commercial paper and other short-term borrowings ................ 36,699
--------
Trading liabilities, at fair value
Contractual agreements .......................................... 10,209
U.S. Government and agencies .................................... 14,509
Equities and convertible debentures ............................. 7,049
Non-U.S. governments and agencies ............................... 6,506
Corporate debt and preferred stock .............................. 3,030
Municipals ...................................................... 31
--------
Total ........................................................... 41,334
--------
Customers ....................................................... 10,091
Insurance ....................................................... 5,051
Brokers and dealers ............................................. 6,320
Other liabilities and accrued interest .......................... 12,577
Long-term borrowings ............................................ 24,098
--------
Total Liabilities ............................................... 201,293
--------
STOCKHOLDERS' EQUITY
Preferred Stockholders' Equity .................................. 619
--------
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 ................................................. 1,306
Foreign currency translation adjustment ......................... 1
Net unrealized gains on investment securities
available-for-sale (net of applicable income tax
expense of $9) ............................................... 7
Retained earnings ............................................... 7,484
--------
Subtotal ................................................... 9,113
Less:
Treasury stock, at cost: 68,607,716 shares ................... 2,735
Unallocated ESOP reversion shares, at cost:
2,093,251 shares ........................................... 33
Employee stock transactions .................................. 346
--------
Total Common Stockholders' Equity ............................... 5,999
--------
Total Stockholders' Equity ...................................... 6,618
--------
Total Liabilities and Stockholders' Equity ...................... $207,911
========
7