PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
Published on October 29, 1997
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts)
Sept. 26,
ASSETS 1997
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Cash and cash equivalents ......................................... $ 4,559
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Cash and securities segregated for regulatory purposes
or deposited with clearing organizations ......................... 10,606
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Marketable investment securities .................................. 2,342
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Trading assets, at fair value
Corporate debt and preferred stock ................................ 35,440
Contractual agreements ............................................ 17,004
Equities and convertible debentures ............................... 24,974
U.S. Government and agencies ...................................... 9,378
Non-U.S. governments and agencies ................................. 12,744
Mortgages, mortgage-backed, and asset-backed ...................... 8,038
Money markets ..................................................... 1,474
Municipals ........................................................ 1,451
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Total ............................................................. 110,503
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Resale agreements ................................................. 68,559
--------
Securities borrowed ............................................... 36,252
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Receivables
Customers (net of allowance for doubtful accounts of $55) ......... 25,263
Brokers and dealers ............................................... 7,404
Interest and other ................................................ 7,783
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Total ............................................................. 40,450
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Investments of insurance subsidiaries ............................. 4,962
Loans, notes, and mortgages (net of allowance for
loan losses of $124) ............................................. 4,454
Other investments ................................................. 1,600
Property, leasehold improvements, and equipment (net of
accumulated depreciation and amortization of $2,805) ............. 1,939
Other assets ...................................................... 2,204
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Total Assets ...................................................... $288,430
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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)
LIABILITIES, PREFERRED SECURITIES ISSUED BY Sept. 26,
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1997
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LIABILITIES
Repurchase agreements ........................................... $ 74,872
---------
Commercial paper and other short-term borrowings ................ 58,240
---------
Trading liabilities, at fair value
U.S. Government and agencies .................................... 15,694
Contractual agreements .......................................... 13,815
Equities and convertible debentures ............................. 17,724
Non-U.S. governments and agencies ............................... 9,362
Corporate debt and preferred stock .............................. 6,675
Municipals ...................................................... 129
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Total ........................................................... 63,399
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Customers ....................................................... 14,818
Insurance ....................................................... 4,807
Brokers and dealers ............................................. 6,375
Other liabilities and accrued interest .......................... 17,497
Long-term borrowings ............................................ 39,998
---------
Total Liabilities ............................................... 280,006
---------
PREFERRED SECURITIES ISSUED BY SUBSIDIARIES ..................... 627
---------
STOCKHOLDERS' EQUITY
Preferred Stockholders' Equity .................................. 425
---------
Common Stockholders' Equity
Common stock, par value $1.33 1/3 per share;
authorized: 500,000,000 shares; issued: 472,660,324
shares ........................................................ 630
Paid-in capital ................................................. 1,031
Foreign currency translation adjustment ......................... (39)
Net unrealized gains on investment securities
available-for-sale (net of applicable income tax
expense of $19) ............................................... 37
Retained earnings ............................................... 9,095
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Subtotal .................................................... 10,754
Less:
Treasury stock, at cost: 140,308,114 shares ................... 2,932
Employee stock transactions ................................... 450
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Total Common Stockholders' Equity ............................... 7,372
---------
Total Stockholders' Equity ...................................... 7,797
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Total Liabilities, Preferred Securities Issued by
Subsidiaries, and Stockholders' Equity ........................ $ 288,430
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