EX-99.B 4 ex99-b.txt STATEMENT OF CONDITION 1 Exhibit 99b. J.P. Morgan & Co. Incorporated CONSOLIDATED STATEMENT OF CONDITION (PRELIMINARY) Morgan Guaranty Trust Company of New York --------------------------------------------------------------------------------
In millions, except share data June 30 December 31 2000 1999 --------------------------------- ASSETS Cash and due from banks $ 2,463 $ 2,382 Interest-earning deposits with banks 4,538 2,266 Debt investment securities available-for-sale carried at fair value 2,578 4,992 Trading account assets 81,572 84,786 Securities purchased under agreements to resell and federal funds sold 22,535 19,094 Securities borrowed 13,371 9,700 Loans, net of allowance for loan losses of $282 at June 2000 and $280 at December 1999 26,609 26,072 Accrued interest and accounts receivable 5,236 4,426 Premises and equipment, net of accumulated depreciation of $1,152 at June 2000 and $1,113 at December 1999 1,777 1,810 Other assets 12,510 12,138 ----------------------------------------------------------------------------------------------------------------------------------- Total assets 173,189 167,666 ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES Noninterest-bearing deposits: In offices in the U.S. 1,019 907 In offices outside the U.S. 1,639 501 Interest-bearing deposits: In offices in the U.S. 3,605 4,256 In offices outside the U.S. 43,278 42,052 ----------------------------------------------------------------------------------------------------------------------------------- Total deposits 49,541 47,716 Trading account liabilities 71,202 72,066 Securities sold under agreements to repurchase and federal funds purchased 17,860 13,610 Other liabilities for borrowed money 4,921 5,482 Accounts payable and accrued expenses 7,688 6,310 Long-term debt not qualifying as risk-based capital 5,297 6,224 Other liabilities, including allowance for credit losses of $163 at June 2000 and $125 at December 1999 3,152 2,719 ----------------------------------------------------------------------------------------------------------------------------------- 159,661 154,127 Long-term debt qualifying as risk-based capital 2,876 2,944 ----------------------------------------------------------------------------------------------------------------------------------- Total liabilities 162,537 157,071 STOCKHOLDER'S EQUITY Preferred stock, $100 par value (authorized shares: 2,500,000) - - Common stock, $25 par value (authorized shares: 11,000,000; issued and outstanding: 10,599,027) 265 265 Surplus 3,305 3,305 Undivided profits 7,050 6,975 Accumulated other comprehensive income: Net unrealized gains on investment securities, net of taxes 45 67 Foreign currency translation, net of taxes (13) (17) ----------------------------------------------------------------------------------------------------------------------------------- Total stockholder's equity 10,652 10,595 ----------------------------------------------------------------------------------------------------------------------------------- Total liabilities and stockholder's equity 173,189 167,666 -----------------------------------------------------------------------------------------------------------------------------------
Member of the Federal Reserve System and the Federal Deposit Insurance Corporation.