Bear Stearns Companies (BSR) 10-Q 2002 Q2 Quarterly report

EXHIBIT 15

LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION

To the Board of Directors and Stockholders of The Bear Stearns Companies Inc.:

We have made a review, in accordance with standards established by the American Institute of Certified Public Accountants, of the unaudited interim consolidated financial information of The Bear Stearns Companies Inc. and Subsidiaries as of May 31, 2002 and for the three months and six months ended May 31, 2002 and May 25, 2001, as indicated in our report dated July 11, 2002; 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 on Form 10-Q for the quarter ended May 31, 2002, is incorporated by reference in the following Registration Statements:

                Filed on Form S-3:

Registration Statement No.   33-56009

Registration Statement No. 333-42295

Registration Statement No. 333-43565

Registration Statement No. 333-57083

Registration Statement No. 333-61437

Registration Statement No. 333-66861

Registration Statement No. 333-79417

Registration Statement No. 333-83049

Registration Statement No. 333-31980

Registration Statement No. 333-49876

Registration Statement No. 333-52902

Registration Statement No. 333-76894

                Filed on Form S-8:

Registration Statement No.   33-49979

Registration Statement No.   33-50012

Registration Statement No.   33-55804

Registration Statement No.   33-56103

Registration Statement No. 333-16041

Registration Statement No. 333-57661

Registration Statement No. 333-58007

Registration Statement No. 333-66353

Registration Statement No. 333-81901

Registration Statement No. 333-92357

Registration Statement No. 333-50928

Registration Statement No. 333-57460

Registration Statement No. 333-63002

Registration Statement No. 333-74200

Registration Statement No. 333-83580

Registration Statement No. 333-86060

We are also aware that the aforementioned report, pursuant to Rule 436(c) under the Securities Act of 1933, is not considered a part of the 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
July 11, 2002

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