Trustees Reports- 1996

Table II.C3. - Statement of Operations of the DI Trust Fund During Fiscal Year 1995
[In thousands]

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Total assets, September 30, 1994...............                      $6,370,463 

Receipts:
  Contributions:
    Employment taxes...........................     $67,919,598 
    Payments from general fund of the Treasury
      representing employee-employer contri-
      butions on deemed wage credits for
      military service.........................          67,222
                                                    -----------
      Total contributions......................                      67,986,820 
  Income from taxation of benefit payments:
    Withheld from benefit payments to non-
      resident aliens..........................           5,894
    All other, not subject to withholding......         329,000
                                                    -----------
      Total income from taxation of benefits...                         334,894 
  Investment income and interest adjustments:
    Interest on investments....................       1,456,409
    Interest paid from the OASI Trust Fund for
      the reallocation of the OASDI tax rate
      retroactive to January 1, 1994...........         431,838
                                                    -----------
      Gross investment income and interest
        adjustments............................       1,888,247
    Less interest on interfund transfers due to
      adjustment in allocation of administra-
      tive expenses............................             533
                                                    -----------
      Net investment income and interest
        adjustments............................                       1,887,714
                                                                    -----------
Total receipts.................................                      70,209,428

Disbursements:
  Benefit payments:
    Gross benefit payments.....................      40,377,428
    Less collected overpayments................         168,122
    Less net reimbursement from general fund
      for unnegotiated checks..................          14,031
                                                    -----------
      Net benefit payments.....................                      40,195,276
  Transfer to the Railroad Retirement "Social
    Security Equivalent Benefit Account".......                          67,786
  Payment for costs of vocational rehabilita-
    tion services for disabled beneficiaries...                          38,794
  Administrative expenses:
    Social Security Administration.............       1,007,379
    Department of Health and Human Services....          11,828
    Department of the Treasury.................          50,499
    Demonstration projects and experiments.....           2,418
                                                    -----------
      Total administrative expenses............                       1,072,125
                                                                    -----------
Total disbursements............................                      41,373,981
                                                                    ===========
Net increase in assets.........................                      28,835,447
                                                                    ===========
Total assets, September 30, 1995...............                      35,205,910
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Note: Totals do not necessarily equal the sums of rounded components.