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EXHIBIT 99f.
J.P. Morgan & Co. Incorporated
CONSOLIDATED STATEMENT OF CONDITION (PRELIMINARY)
Morgan Guaranty Trust Company of New York
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In millions, except share data March 31 December 31
2000 1999
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ASSETS
Cash and due from banks $ 1,769 $ 2,382
Interest-earning deposits with banks 5,094 2,266
Debt investment securities available-for-sale carried at fair value 2,503 4,992
Trading account assets 97,091 84,786
Securities purchased under agreements to resell and federal funds sold 18,803 19,094
Securities borrowed 10,188 9,700
Loans, net of allowance for loan losses of $289 at March 2000 and $280 at December 1999 25,126 26,072
Accrued interest and accounts receivable 5,728 4,426
Premises and equipment, net of accumulated depreciation of $1,125 at March 2000
and $1,113 at December 1999 1,785 1,810
Other assets 14,885 12,138
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Total assets 182,972 167,666
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LIABILITIES
Noninterest-bearing deposits:
In offices in the U.S. 912 907
In offices outside the U.S. 721 501
Interest-bearing deposits:
In offices in the U.S. 3,010 4,256
In offices outside the U.S. 44,476 42,052
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Total deposits 49,119 47,716
Trading account liabilities 79,141 72,066
Securities sold under agreements to repurchase and federal funds purchased 18,198 13,610
Other liabilities for borrowed money 7,214 5,482
Accounts payable and accrued expenses 6,787 6,310
Long-term debt not qualifying as risk-based capital 6,050 6,224
Other liabilities, including allowance for credit losses of $126 at March 2000
and $125 at December 1999 2,913 2,719
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169,422 154,127
Long-term debt qualifying as risk-based capital 2,891 2,944
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Total liabilities 172,313 157,071
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 7,069 6,975
Accumulated other comprehensive income:
Net unrealized gains on investment securities, net of taxes 35 67
Foreign currency translation, net of taxes (15) (17)
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Total stockholder's equity 10,659 10,595
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Total liabilities and stockholder's equity 182,972 167,666
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Member of the Federal Reserve System and the Federal Deposit Insurance
Corporation.