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 Annual Report on Form 10-K of Merrill Lynch Preferred
Capital Trust V and Merrill Lynch Preferred Funding V, L.P. (the "Partnership")
for the period ended December 26, 2008 as filed with the Securities and
Exchange Commission on the date hereof (the "Report"), I, Thomas W. Perry,
Chief Accounting Officer and 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/ THOMAS W. PERRY
                                  --------------------------------------
                             Name:     Thomas W. Perry*
                             Title:    Chief Accounting Officer and Controller



Dated: March 26, 2009
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* Thomas W. Perry 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.