Exhibit 32.2


                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Merrill Lynch Preferred
Capital Trust V and Merrill Lynch Preferred Funding V, L.P. (the  "Partnership")
for the  period  ended  June 30, 2006 as filed  with the  Securities  and
Exchange  Commission  on the date  hereof  (the  "Report"),  I, Kathleen Skero,
Controller of Merrill Lynch & Co., Inc., the General Partner of the Partnership,
certify,  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d)
    of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
    respects, the financial condition and results of operations of the
    Partnership.




                              MERRILL LYNCH PREFERRED FUNDING V, L.P.

                              By:  MERRILL LYNCH & CO., INC., as General Partner


                              By:  /s/ KATHLEEN SKERO
                                   ---------------------------------------------
                              Name:    Kathleen Skero *
                              Title:   Controller, Merrill Lynch & Co., Inc.








Dated: August 9, 2006
_____________________

*  Kathleen Skero functions as the equivalent of the Chief Executive Officer
   and Chief Financial Officer of the Partnership for purposes of Section 906
   of the Sarbanes-Oxley Act of 2002.