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Trust Fund Operations, Fiscal Years 1940-76

Old-Age, Survivors, and Disability Insurance Trust Funds, Fiscal Years 1940-1976
[In millions]
Fiscal
year
Total
receipts
Total
expenditures
Assets
Net increase
during year
Amount at
end of year
1940 $592 $28 $564 $1,745
1941 744 91 653 2,398
1942 967 137 830 3,227
1943 1,218 177 1,041 4,268
1944 1,395 217 1,178 5,446
1945 1,434 267 1,167 6,613
1946 1,386 358 1,028 7,641
1947 1,623 466 1,157 8,798
1948 1,807 559 1,248 10,047
1949 1,924 661 1,263 11,310
1950 2,367 784 1,583 12,893
1951 3,411 1,569 1,843 14,736
1952 3,932 2,067 1,864 16,600
1953 4,483 2,717 1,766 18,366
1954 5,028 3,353 1,676 20,043
1955 5,525 4,427 1,098 21,141
1956 6,929 5,478 1,452 22,593
1957 7,439 6,666 773 23,366
1958 8,766 8,221 546 23,912
1959 9,033 9,736 -703 23,208
1960 11,394 11,606 -212 22,996
1961 12,906 12,498 409 23,405
1962 13,085 14,356 -1,272 22,133
1963 14,986 15,786 -800 21,333
1964 17,253 16,623 630 21,963
1965 17,681 17,456 224 22,187
1966 20,071 20,700 -629 21,558
1967 25,703 21,725 3,979 25,537
1968 26,440 23,859 2,581 28,118
1969 31,054 27,303 3,750 31,868
1970 36,127 30,275 5,852 37,720
1971 38,893 35,874 3,019 40,739
1972 43,208 40,158 3,050 43,789
1973 49,586 49,090 496 44,285
1974 57,704 55,869 1,835 46,120
1975 66,677 64,658 2,018 48,138
1976 70,682 73,901 -3,219 44,919
July-Sept
1976
18,359 19,764 -1,405 43,514
Notes: Fiscal years before 1977 began July 1. The quarter July-September 1976 was a transition quarter to the current fiscal year definition. Fiscal years after 1976 begin October 1.
The Disability Insurance Trust Fund began operations in calendar year 1957 and is thus included above for fiscal years 1957-76; amounts before 1957 are for the Old-Age and Survivors Insurance Trust Fund only.
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Last reviewed or modified Thursday Dec 6, 2007
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