Exhibit 15
November 4, 2008
Merrill Lynch & Co., Inc.
4 World Financial Center
New York, NY 10080
We have reviewed, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the unaudited condensed consolidated interim financial information of Merrill Lynch & Co., Inc. and subsidiaries (“Merrill Lynch”) as of September 26, 2008 and for the three-month and nine-month periods ended September 26, 2008 and September 28, 2007, and have issued our report thereon dated November 4, 2008. As indicated in such report (which report includes explanatory paragraphs relating to (1) the agreement and plan of merger with Bank of America Corporation on September 15, 2008 as discussed in Note 1 to the unaudited condensed consolidated interim financial statements, (2) the restatement discussed in Note 16 to the unaudited condensed consolidated interim financial statements, and (3) Merrill Lynch’s securities purchase agreement with the U.S. Treasury pursuant to the Emergency Economic Stabilization Act of 2008, its participation in the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program, and its participation in the Federal Reserve’s Commercial Paper Funding Facility as discussed in Note 18 to the unaudited condensed consolidated interim financial statements), because we did not perform an audit, we expressed no opinion on that information.
We are aware that our report referred to above, which is included in your Quarterly Report onForm 10-Q for the quarter ended September 26, 2008, is incorporated by reference in the following Registration Statements, as amended:
Filed onForm S-8:
Registration StatementNo. 33-41942 (1986 Employee Stock Purchase Plan)
Registration StatementNo. 33-17908 (Incentive Equity Purchase Plan)
Registration StatementNo. 33-33336 (Long-Term Incentive Compensation Plan)
Registration StatementNo. 33-51831 (Long-Term Incentive Compensation Plan)
Registration StatementNo. 33-51829 (401(k) Savings and Investment Plan)
Registration StatementNo. 33-54154 (Non-Employee Directors’ Equity Plan)
Registration StatementNo. 33-54572 (401(k) Savings and Investment Plan (Puerto Rico))
Registration StatementNo. 33-56427 (Amended and Restated 1994 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 33-55155 (1995 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 33-60989 (1996 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-00863 (401(k) Savings & Investment Plan)
Registration StatementNo. 333-09779 (1997 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-15009 (1997 KECALP Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-17099 (Deferred Unit and Stock Unit Plan for Non-Employee Directors)
Registration StatementNo. 333-18915 (Long-Term Incentive Compensation Plan for Managers and Producers)
Registration StatementNo. 333-32209 (1998 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-33125 (Employee Stock Purchase Plan for Employees of Merrill Lynch Partnerships)
Registration StatementNo. 333-41425 (401(k) Savings & Investment Plan)
Registration StatementNo. 333-56291 (Long-Term Incentive Compensation Plan for Managers and Producers)
Registration StatementNo. 333-60211 (1999 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-85421 (401(k) Savings and Investment Plan)
Registration StatementNo. 333-85423 (2000 Deferred Compensation Plan For a Select Group of Eligible Employees)
Registration StatementNo. 333-92663 (Long-Term Incentive Compensation Plan for Managers and Producers)
Registration StatementNo. 333-44912 (2001 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-64676 (1986 Employee Stock Purchase Plan)
Registration StatementNo. 333-64674 (Long-Term Incentive Compensation Plan for Managers and Producers)
Registration StatementNo. 333-68330 (2002 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-99105 (2003 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-108296 (2004 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-109236 (Employee Stock Compensation Plan)
Registration StatementNo. 333-118615 (2005 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-125109 (2006 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-125181 (Deferred Stock Unit Plan for Non-Employee Directors)
Registration StatementNo. 333-134065 (2007 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-142962 (2008 Deferred Compensation Plan for a Select Group of Eligible Employees)
Registration StatementNo. 333-151241 (2009 Deferred Compensation Plan for a Select Group of Eligible Employees)
Filed onForm S-3:
Debt Securities, Warrants, Common Stock, Preferred Securities,and/or Depositary Shares:
Registration StatementNo. 33-54218
Registration StatementNo. 2-78338
Registration StatementNo. 2-89519
Registration StatementNo. 2-83477
Registration StatementNo. 33-03602
Registration StatementNo. 33-17965
Registration StatementNo. 33-27512
Registration StatementNo. 33-33335
Registration StatementNo. 33-35456
Registration StatementNo. 33-42041
Registration StatementNo. 33-45327
Registration StatementNo. 33-45777
Registration StatementNo. 33-49947
Registration StatementNo. 33-51489
Registration StatementNo. 33-52647
Registration StatementNo. 33-55363
Registration StatementNo. 33-60413
Registration StatementNo. 33-61559
Registration StatementNo. 33-65135
Registration StatementNo. 333-13649
Registration StatementNo. 333-16603
Registration StatementNo. 333-20137
Registration StatementNo. 333-25255
Registration StatementNo. 333-28537
Registration StatementNo. 333-42859
Registration StatementNo. 333-44173
Registration StatementNo. 333-59997
Registration StatementNo. 333-68747
Registration StatementNo. 333-38792
Registration StatementNo. 333-52822
Registration StatementNo. 333-83374
Registration StatementNo. 333-97937
Registration StatementNo. 333-105098
Registration StatementNo. 333-109802
Registration StatementNo. 333-122639
Registration StatementNo. 333-132911
Medium Term Notes:
Registration StatementNo. 2-96315
Registration StatementNo. 33-03079
Registration StatementNo. 33-05125
Registration StatementNo. 33-09910
Registration StatementNo. 33-16165
Registration StatementNo. 33-19820
Registration StatementNo. 33-23605
Registration StatementNo. 33-27549
Registration StatementNo. 33-38879
Other Securities:
Registration StatementNo. 333-02275 (Long-Term Incentive Compensation Plan)
Registration StatementNo. 333-24889 (Long-Term Incentive Compensation Plan, and Long-Term Incentive Compensation Plan for Managers and Producers)
Registration StatementNo. 333-36651 (Hotchkis and Wiley Resale)
Registration StatementNo. 333-59263 (Exchangeable Shares of Merrill Lynch & Co., Canada Ltd. re: Midland Walwyn Inc.)
Registration StatementNo. 333-67903 (Howard Johnson & Company Resale)
Registration StatementNo. 333-45880 (Herzog, Heine, Geduld, Inc. Resale)
Registration StatementNo. 333-142690 (First Republic Merger)
Registration StatementNo. 333-146204 (First Republic Bank Amended and Restated Employee Stock Purchase Plan)
We also are aware that the aforementioned report, pursuant to Rule 436(c) under the Securities Act of 1933, is not considered a part of a Registration Statement prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of that Act.
/s/ Deloitte & Touche LLP
New York, New York