ADDITIONAL EXHIBIT
Published on April 29, 1998
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amount)
MARCH 27,
ASSETS 1998
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CASH AND CASH EQUIVALENTS.............................. $ 5,400
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS.............. 10,502
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MARKETABLE INVESTMENT SECURITIES....................... 3,131
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TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock..................... 33,732
Equities and convertible debentures.................... 30,691
Contractual agreements................................. 22,527
U.S. Government and agencies........................... 11,295
Non-U.S. governments and agencies...................... 10,608
Mortgages, mortgage-backed, and asset-backed........... 9,463
Other.................................................. 2,990
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121,306
Securities received as collateral, net of securities...
pledged as collateral................................. 12,490
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Total trading assets................................... 133,796
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SECURITIES PLEDGED AS COLLATERAL....................... 16,452
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RECEIVABLES UNDER RESALE AGREEMENTS.................... 73,815
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RECEIVABLES UNDER SECURITIES BORROWED TRANSACTIONS..... 45,070
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OTHER RECEIVABLES
Customers (net of allowance for doubtful accounts
of $49)............................................... 29,140
Brokers and dealers.................................... 5,866
Interest and other..................................... 8,622
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Total.................................................. 43,628
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INVESTMENTS OF INSURANCE SUBSIDIARIES.................. 4,714
LOANS, NOTES, AND MORTGAGES (net of allowance for
loan losses of $132).................................. 5,635
OTHER INVESTMENTS...................................... 2,132
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(net of accumulated depreciation and amortization
of $3,028)............................................ 2,215
GOODWILL (net of accumulated amortization of $180)..... 5,412
OTHER ASSETS........................................... 1,522
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TOTAL ASSETS........................................... $353,424
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EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amount)
LIABILITIES, PREFERRED SECURITIES ISSUED BY MARCH 27,
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1998
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LIABILITIES
PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES
LOANED TRANSACTIONS................................. $ 95,296
--------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS..... 49,867
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TRADING LIABILITIES, AT FAIR VALUE
Contractual agreements............................... 19,502
U.S. Government and agencies......................... 15,350
Equities and convertible debentures.................. 21,337
Non-U.S. governments and agencies.................... 10,080
Corporate debt, preferred stock, and other........... 5,634
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Total................................................ 71,903
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OBLIGATION TO RETURN SECURITIES RECEIVED AS
COLLATERAL ......................................... 28,942
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OTHER PAYABLES
Customers............................................ 17,390
Brokers and dealers.................................. 8,551
Interest and other................................... 18,971
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Total................................................ 44,912
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LIABILITIES OF INSURANCE SUBSIDIARIES................ 4,594
LONG-TERM BORROWINGS................................. 47,532
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TOTAL LIABILITIES.................................... 343,046
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PREFERRED SECURITIES ISSUED BY SUBSIDIARIES.......... 1,377
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY....................... 425
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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...................................... 1,360
Accumulated other comprehensive income (net of tax).. (25)
Retained earnings.................................... 9,925
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11,890
Less:
Treasury stock, at cost: 127,929,023 shares........ 2,452
Employee stock transactions........................ 862
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TOTAL COMMON STOCKHOLDERS' EQUITY.................... 8,576
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TOTAL STOCKHOLDERS' EQUITY........................... 9,001
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TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY............. $353,424
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