Trustees Reports- 1996

Table II.C5. - Statement of Operations of the OASI and DI Trust Funds, Combined, During Fiscal Year 1995
[In thousands]

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Total assets, September 30, 1994...............                    $422,705,739
                                                                   ============
Receipts:
  Contributions:
    Employment taxes...........................    $357,223,612
    Payments from general fund of the Treasury
      representing employee-employer contri-
      butions on deemed wage credits for
      military service.........................         291,934
                                                   ------------
      Total contributions......................                     357,515,546
  Income from taxation of benefit payments:
    Withheld from benefit payments to non-
      resident aliens..........................         127,379
    All other, not subject to withholding......       5,322,000 
                                                   ------------
      Total income from taxation of benefits...                       5,449,379
  Reimbursement from general fund of the
    Treasury for costs of payments to uninsured
    persons who attained age 72 before 1968....                           6,994
  Investment income and interest adjustments:
    Interest on investments....................      33,298,490
    Interest on transfers to the general fund
      account for the Supplemental Security
      Income program due to adjustment in allo-
      cation of administrative expenses........           5,799
    Interest on interfund transfers due to
      adjustment in allocation of administra-
      tive expenses............................              61
                                                   ------------
      Total investment income and interest
        adjustments............................                      33,304,350
  Gifts........................................                              54
                                                                   ------------
Total receipts.................................                     396,276,323

Disbursements:
  Benefit payments:
    Gross benefit payments.....................     329,867,284
    Less collected overpayments................         997,527
    Less reimbursement from general fund for
      unnegotiated checks......................          67,933
                                                   ------------
      Net benefit payments.....................                     328,801,824
  Transfer to the Railroad Retirement "Social
    Security Equivalent Benefit Account".......                       4,120,118
  Payment for costs of vocational rehabilita-
    tion services for disabled beneficiaries...                          38,794
  Administrative expenses:
    Social Security Administration.............       2,573,491
    Department of Health and Human Services....          19,786
    Department of the Treasury.................         275,814
    Disability demonstration projects and
      experiments..............................           2,418
                                                   ------------
      Gross administrative expenses............       2,871,508
    Less reimbursements from general fund of
      the Treasury for costs of furnishing
      information on deferred vested pension
      benefits.................................           1,360
    Less receipts from sales of supplies,
      materials, etc...........................             576
                                                   ------------
      Net administrative expenses..............                       2,869,573
                                                                   ------------
Total disbursements............................                     335,830,310
                                                                   ============
Net increase in assets.........................                      60,446,013
                                                                   ============
Total assets, September 30, 1995...............                     483,151,753
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Note: Totals do not necessarily equal the sums of rounded components.