[Historical Tables]
[Section 13 - Social Security and Medicare]
[Table 13.1 - Cash Income, Outgo, and Balances of the Social Security and Medicare Trust Funds: 1936-2003]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                         Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003                         
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                        1936      1937      1938      1939      1940      1941      1942      1943      1944      1945  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement receipts........  ........       265       387       503       550       688       896     1,130     1,292     1,310
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement (952).....  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
       Interest (903)...............................  ........         2        15        27        42        56        71        87       103       124
       Other........................................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
                                                     ---------------------------------------------------------------------------------------------------
        Total intragovernmental receipts............  ........         2        15        27        42        56        71        87       103       124
     Other cash income..............................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
                                                     ---------------------------------------------------------------------------------------------------
         Total cash income..........................  ........       267       402       530       592       744       967     1,218     1,395     1,434
                                                     ===================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments...............................  ........         *         5        14        16        64       110       149       185       240
    Payments to the railroad retirement account.....  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
     Interest payments..............................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
     Administrative expenses........................  ........  ........  ........  ........        12        27        27        27        33        27
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation)................................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
                                                     ---------------------------------------------------------------------------------------------------
         Total cash outgo...........................  ........         *         5        14        28        91       137       177       217       267
                                                     ===================================================================================================
   Surplus or deficit (-)...........................  ........       267       397       516       564       653       830     1,041     1,178     1,167
                                                     ===================================================================================================
  Borrowing or repayment (-) of borrowing from other                                                                                                    
   trust funds......................................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
   Fund balance, end of year........................  ........       267       664     1,180     1,745     2,398     3,227     4,268     5,446     6,613
                                                     ===================================================================================================
   Invested balance.................................  ........       267       662     1,177     1,738     2,381     3,202     4,237     5,409     6,546
   Uninvested balance...............................  ........         *         2         3         7        17        26        31        38        67
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                        1946      1947      1948      1949      1950      1951      1952      1953      1954      1955  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement receipts........     1,238     1,459     1,616     1,690     2,106     3,120     3,594     4,097     4,589     5,081
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement (952).....  ........  ........  ........  ........  ........  ........  ........  ........         1         6
       Interest (903)...............................       148       163       191       230       257       287       334       387       439       438
       Other........................................  ........         *         1         3         4         4         4  ........        12        10
                                                     ---------------------------------------------------------------------------------------------------
        Total intragovernmental receipts............       148       164       191       233       260       291       337       387       452       454
     Other cash income..............................  ........  ........  ........  ........  ........  ........         *         *         *         *
                                                     ---------------------------------------------------------------------------------------------------
         Total cash income..........................     1,386     1,623     1,807     1,924     2,367     3,411     3,932     4,483     5,040     5,535
                                                     ===================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments...............................       321       426       512       607       727     1,498     1,982     2,627     3,276     4,333
    Payments to the railroad retirement account.....  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
     Interest payments..............................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
     Administrative expenses........................        37        41        47        53        57        70        85        89        89       103
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation)................................  ........  ........  ........  ........  ........  ........  ........  ........        -*  ........
                                                     ---------------------------------------------------------------------------------------------------
         Total cash outgo...........................       358       466       559       661       784     1,569     2,067     2,717     3,364     4,436
                                                     ===================================================================================================
   Surplus or deficit (-)...........................     1,028     1,157     1,248     1,263     1,583     1,843     1,864     1,766     1,677     1,098
                                                     ===================================================================================================
  Borrowing or repayment (-) of borrowing from other                                                                                                    
   trust funds......................................  ........  ........  ........  ........  ........  ........  ........  ........  ........  ........
   Fund balance, end of year........................     7,641     8,798    10,047    11,310    12,893    14,736    16,600    18,366    20,040    21,141
                                                     ===================================================================================================
   Invested balance.................................     7,549     8,742     9,937    11,231    12,645    14,323    16,273    17,818    19,337    20,580
   Uninvested balance...............................        93        56       110        79       248       413       327       549       703       560
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 252]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1956       1957       1958       1959       1960       1961       1962       1963       1964       1965  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................      6,425      6,457      7,138      7,418      9,671     11,104     11,267     13,117     15,242     15,567
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................         18         83        130        147        171        189        203        224        260        263
       Interest (903).....................        487        555        555        543        516        530        539        512        539        583
       Other..............................          7          5          2          *          1          1          2          2          3          3
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..        513        644        687        690        688        720        744        738        801        849
     Other cash income....................          *          *          *          *          *          *          *          *          *          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................      6,938      7,101      7,825      8,109     10,360     11,824     12,011     13,856     16,043     16,417
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................      5,361      6,515      7,875      9,049     10,270     11,185     12,658     13,845     14,579     15,226
    Payments to the railroad retirement                                                                                                                 
     account..............................  .........  .........  .........        124        600        332        361        423        403        436
     Interest payments....................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Administrative expenses..............        124        150        166        206        203        236        252        263        303        300
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation)......................  .........  .........         -*         -3         -3        -22          9          1         -1          3
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................      5,485      6,665      8,041      9,377     11,069     11,730     13,279     14,531     15,284     15,965
                                           =============================================================================================================
   Surplus or deficit (-).................      1,452        436       -216     -1,268       -710         94     -1,268       -675        760        452
                                           =============================================================================================================
  Borrowing or repayment (-) of borrowing                                                                                                               
   from other trust funds.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............     22,593     23,029     22,813     21,545     20,835     20,929     19,662     18,987     19,746     20,198
                                           =============================================================================================================
   Invested balance.......................     22,041     22,263     21,765     20,478     19,756     19,553     18,456     17,633     18,325     18,783
   Uninvested balance.....................        552        766      1,048      1,066      1,079      1,376      1,206      1,354      1,421      1,415
                                           =============================================================================================================
Disability insurance trust fund:                                                                                                                        
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................  .........        332        911        878        970      1,005      1,004      1,058      1,124      1,156
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................  .........          5         15         17         17         17         18         18         19         19
       Interest (903).....................  .........          1         16         33         47         61         70         70         68         65
       Other..............................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
                                           -------------------------------------------------------------------------------------------------------------
         Total interfund receipts.........  .........          6         31         51         64         78         88         88         87         85
    Other intragovernmental receipts......  .........  .........  .........  .........         27  .........  .........  .........  .........  .........
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..  .........          6         31         51         91         78         88         88         87         85
    Inter-trust interest (from OASI)......  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Other cash income....................  .........  .........  .........  .........  .........  .........  .........  .........  .........          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................  .........        339        942        928      1,061      1,083      1,092      1,145      1,211      1,241
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................  .........  .........        168        339        528        704      1,011      1,171      1,251      1,392
    Payments to the railroad retirement                                                                                                                 
     account..............................  .........  .........  .........  .........  .........          5         11         20         19         24
     Administrative expenses..............  .........          1         12         21         32         36         66         69         70         82
     Interest payments....................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
    Other outgo (mainly vocational                                                                                                                      
     rehabilitation)......................  .........  .........         -*         -*          *         -1          *          *         -2          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................  .........          1        180        360        560        745      1,089      1,259      1,339      1,498
                                           =============================================================================================================
   Surplus or deficit (-).................  .........        337        762        568        501        338          3       -114       -128       -258
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............  .........        337      1,099      1,667      2,168      2,505      2,509      2,394      2,266      2,009
                                           =============================================================================================================
   Invested balance.......................  .........        325      1,055      1,607      2,101      2,386      2,407      2,278      2,141      1,878
   Uninvested balance.....................  .........         12         45         60         66        119        102        116        125        131
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 253]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1966       1967       1968       1969       1970       1971       1972       1973       1974       1975  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................     17,556     22,197     22,265     25,484     29,396     31,354     35,132     40,703     47,778     55,207
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................        310        370        397        469        559        561        579        615        677        810
       Interest (903).....................        588        725        896      1,009      1,346      1,617      1,718      1,846      2,039      2,292
       Other..............................          7         79         78        382        442        449        488        475        442        447
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..        905      1,174      1,371      1,859      2,347      2,627      2,785      2,936      3,157      3,549
     Other cash income....................          *          *          4          4          3          1          *          *          *          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................     18,461     23,371     23,641     27,348     31,746     33,982     37,916     43,639     50,935     58,756
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................     18,071     18,886     20,737     23,732     26,267     31,101     34,541     42,170     47,849     54,839
    Payments to the railroad retirement                                                                                                                 
     account..............................        444        508        438        491        579        613        724        783        909        982
     Interest payments....................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Administrative expenses..............        254        334        449        465        474        552        582        667        723        848
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation)......................          1          1          *          2          1          2          1          3          2          8
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................     18,770     19,729     21,624     24,690     27,320     32,268     35,848     43,623     49,483     56,676
                                           =============================================================================================================
   Surplus or deficit (-).................       -309      3,642      2,017      2,657      4,426      1,714      2,068         16      1,452      2,080
                                           =============================================================================================================
  Borrowing or repayment (-) of borrowing                                                                                                               
   from other trust funds.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............     19,889     23,531     25,548     28,205     32,631     34,345     36,413     36,429     37,881     39,961
                                           =============================================================================================================
   Invested balance.......................     17,925     21,780     23,250     26,235     30,121     31,375     33,203     35,501     37,717     39,892
   Uninvested balance.....................      1,964      1,751      2,298      1,971      2,510      2,970      3,211        928        164         69
                                           =============================================================================================================
Disability insurance trust fund:                                                                                                                        
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................      1,530      2,204      2,651      3,469      4,063      4,490      4,775      5,381      6,147      7,250
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................         27         45         48         63         78         79         78         80         87        106
       Interest (903).....................         54         67         83        140        221        324        388        434        482        512
       Other..............................  .........         16         16         32         16         16         50         51         52         52
                                           -------------------------------------------------------------------------------------------------------------
         Total interfund receipts.........         81        128        147        235        315        419        516        565        621        670
    Other intragovernmental receipts......  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..         81        128        147        235        315        419        516        565        621        670
    Inter-trust interest (from OASI)......  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Other cash income....................          *          *          2          1          1          1          *          *          *  .........
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................      1,611      2,332      2,800      3,705      4,380      4,910      5,291      5,946      6,768      7,920
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................      1,721      1,861      2,088      2,443      2,778      3,381      4,046      5,162      6,159      7,630
    Payments to the railroad retirement                                                                                                                 
     account..............................         25         31         20         21         10         13         24         20         22         29
     Administrative expenses..............        184         99        112        134        149        190        212        247        154        253
     Interest payments....................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
    Other outgo (mainly vocational                                                                                                                      
     rehabilitation)......................          2          7         15         15         16         21         28         39         49         71
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................      1,931      1,997      2,237      2,613      2,954      3,606      4,309      5,467      6,384      7,982
                                           =============================================================================================================
   Surplus or deficit (-).................       -321        335        564      1,092      1,426      1,305        982        479        384        -62
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............      1,688      2,024      2,587      3,679      5,105      6,410      7,392      7,871      8,255      8,192
                                           =============================================================================================================
   Invested balance.......................      1,465      1,835      2,351      3,492      4,835      6,078      7,012      7,803      8,195      8,158
   Uninvested balance.....................        224        189        236        187        270        332        380         68         60         35
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 254]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1966       1967       1968       1969       1970       1971       1972       1973       1974       1975  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:                                                                                                                          
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................        893      2,645      3,493      4,398      4,755      4,874      5,205      7,603     10,551     11,252
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (951)..............................         16         60         65         79         91         87         85        121        147        166
       Interest (902).....................          6         46         61         96        139        183        190        198        408        614
       Interest from OASI.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
       Other..............................  .........        338        284        771        628        874        551        429        499        529
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..         22        444        410        946        859      1,144        826        748      1,054      1,309
    Other (mainly proprietary) receipts:                                                                                                                
       Premium income.....................  .........  .........  .........  .........  .........  .........  .........  .........          4          6
      Other (mainly proprietary interest).  .........          *          *          *          *          *          *          *          *          1
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................        915      3,089      3,902      5,344      5,614      6,018      6,031      8,352     11,610     12,568
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................  .........      2,508      3,736      4,654      4,804      5,442      6,108      6,648      7,806     10,353
     Administrative expenses..............         64         89         79        104        149        149        166        193        258        256
    Interest on normalized transfers......  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Other................................  .........  .........  .........  .........          *          1          1          1          1          2
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................         64      2,597      3,815      4,758      4,953      5,592      6,276      6,842      8,065     10,612
                                           =============================================================================================================
   Surplus or deficit (-).................        851        492         87        586        661        426       -244      1,510      3,545      1,956
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............        851      1,343      1,431      2,017      2,677      3,103      2,859      4,369      7,914      9,870
                                           =============================================================================================================
   Invested balance.......................        786      1,298      1,370      2,001      2,653      3,030      2,884      4,222      7,864      9,761
   Uninvested balance.....................         65         45         60         15         24         73        -25        146         49        109
                                           =============================================================================================================
Supplementary medical insurance trust                                                                                                                   
 fund:                                                                                                                                                  
  Cash income:                                                                                                                                          
    Offsetting collections:                                                                                                                             
      Intragovernmental receipts:                                                                                                                       
         Interest (902)...................  .........         14         21         23         12         17         29         45         76        106
         Federal contributions............  .........        623        634        984        928      1,245      1,365      1,430      2,029      2,330
                                           -------------------------------------------------------------------------------------------------------------
          Total intragovernmental receipts  .........        637        655      1,008        940      1,263      1,394      1,476      2,105      2,435
      Premium income:                                                                                                                                   
         From aged participants...........  .........        647        698        903        936      1,253      1,340      1,427      1,579      1,750
        From disabled participants........  .........  .........  .........  .........  .........  .........  .........  .........        125        151
                                           -------------------------------------------------------------------------------------------------------------
           Total premium income...........  .........        647        698        903        936      1,253      1,340      1,427      1,704      1,901
       Other..............................  .........          *          *          *          *          *          *          *          *  .........
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................  .........      1,284      1,353      1,911      1,876      2,516      2,734      2,902      3,809      4,336
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................  .........        664      1,390      1,645      1,979      2,035      2,255      2,391      2,874      3,765
     Administrative expenses..............  .........        134        143        195        217        248        289        246        409        404
    Other (mainly health insurance                                                                                                                      
     experiments).........................  .........  .........  .........  .........  .........          *          *          *          *          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................  .........        798      1,532      1,840      2,196      2,283      2,544      2,637      3,283      4,170
                                           =============================================================================================================
   Surplus or deficit (-).................  .........        486       -179         71       -321        233        191        265        526        166
   Fund balance at end of year............  .........        486        307        378         57        290        481        746      1,272      1,438
                                           =============================================================================================================
   Invested balance.......................  .........        479        281        358         13        257        478        700      1,231      1,378
   Uninvested balance.....................  .........          7         25         20         44         33          3         46         41         60
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 255]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1976        TQ        1977       1978       1979       1980       1981       1982       1983       1984  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................     58,703     15,886     68,032     73,141     83,410     96,581    117,757    122,840    128,972    150,312
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................        852        220        863        906        948      1,027      1,259      1,406      1,534      1,852
       Interest (903).....................      2,344         80      2,279      2,151      1,920      1,886      2,015      1,707      1,396      2,752
       Other..............................        425  .........        614        613        615        557        540        675     18,683      8,400
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..      3,621        300      3,756      3,670      3,483      3,470      3,814      3,788     21,613     13,004
     Other cash income....................          3          *          8          *          *          *          *          *          *          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................     62,327     16,186     71,795     76,811     86,893    100,051    121,572    126,629    150,586    163,315
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................     62,140     16,876     71,271     78,524     87,592    100,615    119,413    134,655    148,312    155,846
    Payments to the railroad retirement                                                                                                                 
     account..............................      1,212  .........      1,208      1,589      1,448      1,442      1,585      1,793      2,251      2,404
     Interest payments....................  .........  .........  .........  .........  .........  .........  .........  .........      1,544      2,565
     Administrative expenses..............        935        234        993      1,086      1,077      1,160      1,302      1,475      1,552      1,585
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation)  \1\.................          9          1          7          6         12         10          4          6        330          6
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................     64,296     17,110     73,479     81,205     90,129    103,227    122,304    137,929    153,989    162,406
                                           =============================================================================================================
   Surplus or deficit (-).................     -1,969       -924     -1,683     -4,394     -3,236     -3,176       -733    -11,300     -3,403        909
                                           =============================================================================================================
  Borrowing or repayment (-) of borrowing                                                                                                               
   from other trust funds.................  .........  .........  .........  .........  .........  .........  .........  .........     17,519  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............     37,992     37,068     35,384     30,990     27,754     24,578     23,845     12,545     26,661     27,570
                                           =============================================================================================================
   Invested balance.......................     37,968     37,055     35,410     30,967     27,328     23,577     23,255     11,932     25,503     27,224
   Uninvested balance.....................         25         13        -25         23        426      1,000        590        614      1,158        346
                                           =============================================================================================================
Disability insurance trust fund:                                                                                                                        
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................      7,686      2,130      8,786     12,250     14,584     16,628     12,418     20,626     18,348     15,763
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................        111         29        114        154        166        177        171        240        244        192
       Interest (903).....................        468         13        372        251        305        454        273        363        449        558
       Other..............................         90  .........        103        128        142        118        130        168      2,447        753
                                           -------------------------------------------------------------------------------------------------------------
         Total interfund receipts.........        669         42        589        533        612        749        574        772      3,140      1,503
    Other intragovernmental receipts......  .........  .........  .........  .........  .........         11  .........  .........  .........  .........
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..        669         42        589        533        612        760        574        772      3,140      1,503
    Inter-trust interest (from OASI)......  .........  .........  .........  .........  .........  .........  .........  .........        419        546
     Other cash income....................          *  .........          *          *          *          *          *          *          *          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................      8,355      2,172      9,374     12,784     15,196     17,388     12,992     21,398     21,907     17,812
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................      9,222      2,555     11,135     12,214     13,428     14,899     16,853     17,399     17,588     17,735
    Payments to the railroad retirement                                                                                                                 
     account..............................         26  .........         -*         30         30  .........         29         26         28         22
     Administrative expenses..............        266         71        378        327        402        334        402        572        659        585
     Interest payments....................  .........  .........  .........  .........  .........  .........  .........  .........         13         77
    Other outgo (mainly vocational                                                                                                                      
     rehabilitation)......................         92         27         77         84         84         99         -4         37          4         40
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................      9,606      2,653     11,590     12,655     13,944     15,332     17,280     18,035     18,291     18,459
                                           =============================================================================================================
   Surplus or deficit (-).................     -1,251       -481     -2,216        128      1,252      2,057     -4,288      3,363      3,615       -647
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................  .........  .........  .........  .........  .........  .........  .........  .........     -5,081  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............      6,941      6,460      4,245      4,373      5,625      7,682      3,394      6,757      5,291      4,644
                                           =============================================================================================================
   Invested balance.......................      6,931      6,453      4,242      4,352      5,583      7,674      3,392      6,753      5,288      4,656
   Uninvested balance.....................         10          7          3         21         43          7          2          4          2        -12
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 256]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1976        TQ        1977       1978       1979       1980       1981       1982       1983       1984  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:                                                                                                                          
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................     11,987      3,457     13,474     16,668     19,874     23,217     30,340     34,301     35,641     40,262
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (951)  \2\.........................        175         45        175        206        228        249        332        397      1,054      1,306
       Interest (902).....................        716         12        771        797        883      1,061      1,325      1,873      1,656      1,686
       Interest from OASI.................  .........  .........  .........  .........  .........  .........  .........  .........      1,028      1,337
       Other..............................        658  .........        944        860        907        871        834      1,015      4,541      1,106
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..      1,549         57      1,890      1,863      2,018      2,182      2,490      3,285      8,279      5,435
    Other (mainly proprietary) receipts:                                                                                                                
       Premium income.....................          8          2         11         12         17         17         21         25         26         35
      Other (after 1984, mainly for kidney                                                                                                              
       dialysis)..........................          *  .........          *          *          1          *          *          *          3          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................     13,544      3,516     15,374     18,543     21,910     25,415     32,851     37,611     43,949     45,732
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................     12,267      3,314     14,906     17,415     19,898     23,793     28,909     34,344     38,102     41,461
     Administrative expenses..............        308         88        295        442        443        486        333        510        519        632
    Interest on normalized transfers......  .........  .........  .........  .........  .........  .........  .........  .........         27        187
     Other................................          4          1          7          4          1          8          7         10        -97         15
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................     12,579      3,404     15,207     17,862     20,343     24,288     29,248     34,864     38,551     42,295
                                           =============================================================================================================
   Surplus or deficit (-).................        966        112        167        681      1,567      1,127      3,603      2,747      5,398      3,437
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................  .........  .........  .........  .........  .........  .........  .........  .........    -12,437  .........
   Fund balance, end of year..............     10,836     10,948     11,115     11,796     13,363     14,490     18,093     20,840     13,800     17,237
                                           =============================================================================================================
   Invested balance.......................     10,942     11,009     10,974     11,757     13,164     14,656     18,191     20,800     13,514     16,982
   Uninvested balance.....................       -106        -62        141         39        199       -166        -99         40        286        255
                                           =============================================================================================================
Supplementary medical insurance trust                                                                                                                   
 fund:                                                                                                                                                  
  Cash income:                                                                                                                                          
    Offsetting collections:                                                                                                                             
      Intragovernmental receipts:                                                                                                                       
         Interest (902)...................        104          4        137        229        363        416        384        473        680        807
         Federal contributions............      2,939        878      5,053      6,386      6,841      6,932      8,747     13,323     14,238     16,811
                                           -------------------------------------------------------------------------------------------------------------
          Total intragovernmental receipts      3,043        882      5,190      6,614      7,204      7,347      9,132     13,796     14,918     17,618
      Premium income:                                                                                                                                   
         From aged participants...........      1,769        492      1,987      2,186      2,373      2,637      2,987      3,460      3,834      4,463
        From disabled participants........        168         46        206        245        263        291        332        371        393        444
                                           -------------------------------------------------------------------------------------------------------------
           Total premium income...........      1,937        539      2,193      2,431      2,636      2,928      3,319      3,831      4,227      4,907
       Other..............................          *  .........          *          *          *          *          *          *          1          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................      4,980      1,421      7,383      9,045      9,840     10,275     12,451     17,627     19,147     22,526
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................      4,671      1,269      5,865      6,852      8,259     10,144     12,345     14,806     17,487     19,475
     Administrative expenses..............        528        132        475        494        544        594        889        746        823        899
     Other................................          1          *          2          4          1          8          7          7          6  .........
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................      5,200      1,401      6,342      7,350      8,805     10,746     13,240     15,559     18,317     20,374
                                           =============================================================================================================
   Surplus or deficit (-).................       -220         20      1,041      1,696      1,035       -471       -789      2,068        830      2,151
   Fund balance at end of year............      1,219      1,239      2,279      3,975      5,010      4,539      3,750      5,818      6,648      8,799
                                           =============================================================================================================
   Invested balance.......................      1,230      1,244      2,232      4,021      4,974      4,558      3,821      5,874      6,958      9,117
   Uninvested balance.....................        -12         -5         47        -45         36        -19        -72        -56       -310       -318
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 257]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1985       1986       1987       1988       1989       1990       1991       1992       1993       1994  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................    169,822    182,518    194,541    220,337    240,595    255,031    265,503    273,137    281,735    302,607
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................      2,288      2,608      3,011      4,000      4,432      5,038      5,242      5,508      5,796      5,787
       Interest (903).....................      3,537      3,698      4,495      6,758     10,649     15,125     19,164     22,557     25,822     28,505
       Other..............................      6,639      7,544      5,447      5,501      5,819      4,405      5,838      5,949      5,967      5,378
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..     12,465     13,850     12,953     16,259     20,900     24,568     30,244     34,015     37,585     39,670
     Other cash income....................          *          *         30          *          *          *          *          *          4          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................    182,287    196,368    207,525    236,596    261,495    279,599    295,747    307,152    319,325    342,278
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments.....................    165,422    174,364    182,055    192,541    204,648    218,957    236,120    251,317    264,582    276,291
    Payments to the railroad retirement                                                                                                                 
     account..............................      2,310      2,585      2,557      2,790      2,845      2,969      3,375      3,148      3,353      3,420
     Interest payments....................      2,293      1,013        625        836        989        982        418  .........         -*  .........
     Administrative expenses..............      1,588      1,610      1,542      1,730      1,658      1,566      1,747      1,824      2,026      1,876
     Military service credit adjustment...  .........  .........  .........  .........  .........  .........      2,114  .........  .........  .........
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation)......................          *  .........  .........         -*  .........          *          *  .........          *  .........
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................    171,614    179,572    186,780    197,897    210,141    224,475    243,774    256,290    269,960    281,586
                                           =============================================================================================================
   Surplus or deficit (-).................     10,673     16,797     20,745     38,700     51,354     55,125     51,972     50,862     49,364     60,691
                                           =============================================================================================================
  Borrowing or repayment (-) of borrowing                                                                                                               
   from other trust funds.................     -4,364    -13,155  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............     33,879     37,521     58,266     96,966    148,320    203,445    255,417    306,280    355,644    416,335
                                           =============================================================================================================
   Invested balance.......................     30,971     36,948     58,356     97,137    148,565    203,717    255,557    306,524    355,510    413,425
   Uninvested balance.....................      2,908        573        -89       -171       -245       -271       -140       -244        134      2,911
                                           =============================================================================================================
Disability insurance trust fund:                                                                                                                        
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................     16,348     17,711     18,861     21,154     23,071     26,625     28,382     29,289     30,199     32,419
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (952)..............................        221        249        289        382        426        529        562        593        620        622
       Interest (903).....................        580        631        795        657        745        866      1,058      1,080        966        698
       Other..............................        548      1,427        167        266        335        302        133        217        279        310
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..      1,349      2,308      1,251      1,306      1,506      1,697      1,753      1,890      1,865      1,631
    Inter-trust interest (from OASI)......        365        159  .........  .........  .........  .........  .........  .........  .........  .........
     Other cash income....................          *          *          3          *  .........          *          *          *          2          *
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................     18,062     20,177     20,115     22,460     24,577     28,322     30,135     31,179     32,065     34,049
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments  \3\................     18,654     19,526     20,421     21,395     22,516     24,306     26,871     30,360     33,588     36,823
    Payments to the railroad retirement                                                                                                                 
     account..............................         43         68         57         61         88         80         82         58         83        106
     Administrative expenses..............        603        600        738        803        747        707        785        843        932      1,018
     Interest payments....................         69         45         60         80         95        100         45  .........  .........  .........
     Military service credit adjustment...  .........  .........  .........  .........  .........  .........        775  .........  .........  .........
    Other outgo (mainly vocational                                                                                                                      
     rehabilitation)......................          3          4         15         21         40         38         34         34         38         37
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................     19,372     20,243     21,290     22,360     23,487     25,230     28,592     31,295     34,641     37,984
                                           =============================================================================================================
   Surplus or deficit (-).................     -1,310        -66     -1,175        100      1,090      3,091      1,543       -116     -2,576     -3,935
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................      2,540      2,541  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances.................  .........  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year..............      5,874      8,349      7,174      7,273      8,364     11,455     12,998     12,881     10,305      6,371
                                           =============================================================================================================
   Invested balance.......................      5,704      8,335      7,193      7,345      8,428     11,505     13,105     12,918     10,237      6,100
   Uninvested balance.....................        170         14        -19        -72        -65        -50       -107        -36         69        271
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 258]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1985       1986       1987       1988       1989       1990       1991       1992       1993       1994  
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:                                                                                                                          
  Cash income:                                                                                                                                          
    Social insurance and retirement                                                                                                                     
     receipts.............................     44,871     51,335     55,992     59,859     65,396     68,556     72,842     79,108     81,224     90,062
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement                                                                                                               
       (951)..............................      1,449      1,604      1,700      1,884      2,007      2,153      2,205      2,324      2,375      2,440
       Interest (902)  \2\................      2,016      2,809      3,994      5,169      6,603      7,943      8,992     10,054     10,581     10,593
       Interest from OASI.................      1,207        383  .........  .........  .........  .........  .........  .........  .........  .........
       Federal Payment (OASI taxes).......  .........  .........  .........  .........  .........  .........  .........  .........  .........      1,639
       Other..............................      1,348        254        999      1,045      1,070        798        631        706        495        608
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..      6,020      5,049      6,693      8,098      9,679     10,894     11,828     13,084     13,450     15,280
    Other (mainly proprietary) receipts:                                                                                                                
       Premium income.....................         38         40         40         42         42        113        367        484        622        852
      Other (after 1984, mainly for kidney                                                                                                              
       dialysis)..........................          *          *          9          *  .........          *          *          *          1          1
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................     50,928     56,424     62,735     67,999     75,117     79,563     85,038     92,677     95,297    106,195
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments  \4\................     47,710     48,867     49,804     51,862     57,317     65,722     68,486     80,584     90,535    101,350
     Administrative expenses..............        813        667        827        707        805        774        937      1,187        866      1,235
    Interest on normalized transfers......         13  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Military service credit adjustment...  .........  .........  .........  .........  .........  .........      1,100  .........  .........  .........
     Other  \4\...........................        131        151        172        160        116        190        218        200        203        185
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................     48,667     49,685     50,803     52,730     58,238     66,687     70,742     81,971     91,604    102,770
                                           =============================================================================================================
   Surplus or deficit (-).................      2,261      6,739     11,932     15,270     16,880     12,876     14,296     10,706      3,693      3,425
                                           =============================================================================================================
  Lending (-) or repayment of loans to                                                                                                                  
   OASI fund..............................      1,824     10,613  .........  .........  .........  .........  .........  .........  .........  .........
   Transfer of CHI balances...............  .........  .........  .........  .........  .........  .........  .........  .........      1,805  .........
   Fund balance, end of year..............     21,322     38,674     50,606     65,876     82,755     95,631    109,927    120,633    126,131    129,555
                                           =============================================================================================================
   Invested balance.......................     21,176     38,340     50,779     66,078     82,689     96,249    109,327    120,647    126,078    128,716
   Uninvested balance.....................        146        334       -173       -202         66       -617        600        -13         52        840
                                           =============================================================================================================
Supplementary medical insurance trust                                                                                                                   
 fund:                                                                                                                                                  
  Cash income:                                                                                                                                          
     Individual income taxes  \5\.........  .........  .........  .........  .........        527       -527  .........  .........  .........  .........
    Offsetting collections:                                                                                                                             
      Intragovernmental receipts:                                                                                                                       
         Interest (902)  \5\..............      1,154      1,228      1,019        828      1,025      1,427      1,627      1,716      1,888      2,116
         Federal contributions............     17,898     18,076     20,299     25,418     30,712     33,210     34,730     38,684     44,227     38,355
                                           -------------------------------------------------------------------------------------------------------------
          Total intragovernmental receipts     19,052     19,304     21,318     26,246     31,737     34,637     36,358     40,400     46,114     40,471
      Premium income:                                                                                                                                   
         From aged participants...........      5,042      5,200      5,897      7,963     10,603     10,499     10,741     11,564     13,255     15,212
        From disabled participants........        482        500        582        793        945        995      1,066      1,184      1,428      1,683
                                           -------------------------------------------------------------------------------------------------------------
           Total premium income...........      5,524      5,699      6,480      8,756     11,548     11,494     11,807     12,748     14,683     16,895
       Other  \6\.........................         -*          *          *          *  .........          3          1          1          1          2
                                           -------------------------------------------------------------------------------------------------------------
         Total cash income................     24,576     25,004     27,797     35,002     43,812     45,607     48,166     53,149     60,799     57,367
                                           =============================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments  \4\................     21,808     25,166     29,932     33,677     36,854     41,450     45,456     48,595     52,398     57,997
     Administrative expenses  \5\.........        923      1,051        900      1,265      1,450      1,524      1,507      1,658      1,845      1,718
     Other  \4\...........................  .........  .........          5          4         13         47         58         32         11         10
                                           -------------------------------------------------------------------------------------------------------------
         Total cash outgo.................     22,730     26,217     30,837     34,947     38,316     43,022     47,021     50,285     54,254     59,724
                                           =============================================================================================================
   Surplus or deficit (-).................      1,846     -1,214     -3,039         55      5,495      2,585      1,145      2,863      6,545     -2,357
   Transfer of CHI balances...............  .........  .........  .........  .........  .........  .........  .........  .........     -1,805  .........
   Fund balance at end of year............     10,645      9,431      6,392      6,447     11,942     14,527     15,672     18,535     23,276     20,919
                                           =============================================================================================================
   Invested balance.......................     10,736      9,424      6,166      6,326     11,928     14,286     16,241     18,534     23,268     21,489
   Uninvested balance.....................        -91          7        226        121         15        241       -569          2          8       -570
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 259]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                           1998       1999       2000       2001       2002       2003  
                                                         1995       1996       1997      estimate   estimate   estimate   estimate   estimate   estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:                                                                                                                   
  Cash income:                                                                                                                                          
    Social insurance and retirement receipts.........    284,091    311,869    336,729    358,949    374,612    388,988    404,101    422,586    441,648
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement (952)......      5,434      5,326      5,582      6,174      6,616      7,125      7,550      8,184      8,810
       Interest (903)................................     31,417     34,026     37,688     42,318     46,523     51,135     56,165     61,687     67,825
       Other.........................................      5,143      5,772      6,486      9,099      8,388      8,812      9,312      9,900     10,537
                                                      --------------------------------------------------------------------------------------------------
        Total intragovernmental receipts.............     41,994     45,124     49,756     57,591     61,527     67,072     73,027     79,771     87,172
     Other cash income...............................  .........  .........  .........  .........  .........  .........  .........  .........  .........
                                                      --------------------------------------------------------------------------------------------------
         Total cash income...........................    326,085    356,993    386,485    416,540    436,139    456,060    477,128    502,357    528,820
                                                      ==================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments................................    288,617    299,985    312,880    324,804    336,924    350,101    364,287    379,441    395,045
    Payments to the railroad retirement account......      4,052      3,554      3,688      3,708      3,690      3,703      3,621      3,693      3,684
     Interest payments...............................  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Administrative expenses.........................      1,805      1,793      2,001      2,353      2,133      2,055      1,819      1,800      1,802
     Military service credit adjustment..............  .........        129  .........  .........  .........  .........      1,175  .........  .........
    Other outgo (mainly for vocational                                                                                                                  
     rehabilitation).................................  .........  .........  .........  .........  .........  .........  .........  .........  .........
                                                      --------------------------------------------------------------------------------------------------
         Total cash outgo............................    294,474    305,461    318,569    330,865    342,747    355,859    370,902    384,934    400,531
                                                      ==================================================================================================
   Surplus or deficit (-)............................     31,611     51,532     67,916     85,675     93,392    100,201    106,226    117,423    128,289
                                                      ==================================================================================================
  Borrowing or repayment (-) of borrowing from other                                                                                                    
   trust funds.......................................  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances............................  .........          1  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year.........................    447,946    499,479    567,394    653,069    746,461    846,662    952,888   1,070,31           
                                                                                                                                            1   1,198,60
                                                                                                                                                       0
                                                      ==================================================================================================
   Invested balance..................................    447,946    499,403    567,445    653,068    746,460    846,661    952,887   1,070,31           
                                                                                                                                            0   1,198,59
                                                                                                                                                       9
   Uninvested balance................................  .........         76        -51          1          1          1          1          1          1
                                                      ==================================================================================================
Disability insurance trust fund:                                                                                                                        
  Cash income:                                                                                                                                          
    Social insurance and retirement receipts.........     66,988     55,623     55,261     57,042     59,516     64,915     68,630     71,756     74,995
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement (952)......        998        952        901        981      1,051      1,192      1,281      1,387      1,494
       Interest (903)................................      1,888      2,481      3,526      4,412      5,100      5,831      6,724      7,631      8,512
       Other.........................................        341        378        412        571        531        571        621        682        750
                                                      --------------------------------------------------------------------------------------------------
        Total intragovernmental receipts.............      3,227      3,811      4,839      5,964      6,682      7,594      8,626      9,700     10,756
    Inter-trust interest (from OASI).................  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Other cash income...............................  .........  .........  .........  .........         12         17         17         17         17
                                                      --------------------------------------------------------------------------------------------------
         Total cash income...........................     70,215     59,434     60,100     63,006     66,210     72,526     77,273     81,473     85,768
                                                      ==================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments  \3\...........................     40,201     43,231     45,367     49,220     51,873     55,215     59,183     63,793     68,681
    Payments to the railroad retirement account......         68          2         59         76         95        103         71        104        112
     Administrative expenses.........................      1,064      1,074      1,211      1,291      1,449      1,488      1,417      1,397      1,396
     Interest payments...............................  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Military service credit adjustment..............  .........        203  .........  .........  .........  .........          7  .........  .........
    Other outgo (mainly vocational rehabilitation)...         47         48         64         57         73  .........  .........  .........  .........
                                                      --------------------------------------------------------------------------------------------------
         Total cash outgo............................     41,380     44,558     46,701     50,644     53,490     56,806     60,678     65,294     70,189
                                                      ==================================================================================================
   Surplus or deficit (-)............................     28,835     14,876     13,399     12,362     12,720     15,720     16,595     16,179     15,579
                                                      ==================================================================================================
  Lending (-) or repayment of loans to OASI fund.....  .........  .........  .........  .........  .........  .........  .........  .........  .........
   Adjustment to balances............................  .........          2  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year.........................     35,205     50,083     63,482     75,844     88,563    104,283    120,878    137,057    152,636
                                                      ==================================================================================================
   Invested balance..................................     35,205     50,100     63,562     75,843     88,562    104,282    120,877    137,056    152,635
   Uninvested balance................................  .........        -17        -80          1          1          1          1          1          1
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.                                                                                                                          


[[Page 260]]


                    Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2003--Continued                   
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                           1998       1999       2000       2001       2002       2003  
                                                         1995       1996       1997      estimate   estimate   estimate   estimate   estimate   estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:                                                                                                                          
  Cash income:                                                                                                                                          
    Social insurance and retirement receipts.........     96,024    104,997    110,710    118,029    122,626    128,479    134,081    140,430    146,899
    Intragovernmental receipts:                                                                                                                         
      Employer share, employee retirement (951)......      2,449      2,382      2,465      2,499      2,596      2,708      2,788      2,918      3,044
       Interest (902)  \2\...........................     10,871     10,389      9,757      9,191      8,801      8,327      7,987      7,709      7,695
       Interest from OASI............................  .........  .........  .........  .........  .........  .........  .........  .........  .........
       Federal Payment (OASI taxes)..................      3,913      4,069      3,558      5,193      5,173      5,494      5,821      6,191      6,597
       Other.........................................        591        554        691        237        865        419        393        390        407
                                                      --------------------------------------------------------------------------------------------------
        Total intragovernmental receipts.............     17,824     17,394     16,471     17,120     17,435     16,948     16,989     17,208     17,743
    Other (mainly proprietary) receipts:                                                                                                                
       Premium income................................        998      1,107      1,279      1,310      1,410      1,748      1,877      2,061      2,253
      Other (after 1984, mainly for kidney dialysis).          1          1         89         50         53         58         67         77         89
                                                      --------------------------------------------------------------------------------------------------
         Total cash income...........................    114,847    123,499    128,549    136,509    141,524    147,233    153,014    159,776    166,984
                                                      ==================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments  \4\...........................    113,402    123,908    136,010    139,285    142,373    146,300    153,111    152,852    163,486
     Administrative expenses.........................      1,300      1,228      1,203      1,264      1,246      1,242      1,196      1,193      1,211
    Interest on normalized transfers.................  .........  .........  .........  .........  .........  .........  .........  .........  .........
     Military service credit adjustment..............  .........      2,366  .........  .........  .........  .........  .........  .........  .........
     Other  \4\......................................        181        181        671        971      1,001        864        950      1,010      1,075
                                                      --------------------------------------------------------------------------------------------------
         Total cash outgo............................    114,883    127,683    137,884    141,520    144,620    148,406    155,257    155,055    165,772
                                                      ==================================================================================================
   Surplus or deficit (-)............................        -36     -4,184     -9,335     -5,011     -3,096     -1,173     -2,243      4,721      1,212
   Adjustment to balances............................  .........          1  .........  .........  .........  .........  .........  .........  .........
   Fund balance, end of year.........................    129,520    125,337    116,002    110,991    107,896    106,723    104,480    109,201    110,413
                                                      ==================================================================================================
   Invested balance..................................    129,864    125,805    116,621    110,990    107,895    106,722    104,479    109,200    110,412
   Uninvested balance................................       -344       -467       -619          1          1          1          1          1          1
                                                      ==================================================================================================
Supplementary medical insurance trust fund:                                                                                                             
  Cash income:                                                                                                                                          
    Offsetting collections:                                                                                                                             
      Intragovernmental receipts:                                                                                                                       
         Interest (902)  \5\.........................      1,935      1,388      2,192      2,451      2,565      2,538      2,512      2,495      2,494
         Federal contributions.......................     36,988     61,702     59,471     59,773     62,036     67,574     74,443     82,164     90,836
                                                      --------------------------------------------------------------------------------------------------
          Total intragovernmental receipts...........     38,923     63,090     61,663     62,224     64,601     70,112     76,955     84,659     93,330
      Premium income:                                                                                                                                   
         From aged participants......................     17,126     16,858     16,984     17,008     17,593     19,372     21,222     23,184     25,450
        From disabled participants...................      2,117      2,073      2,158      2,354      2,508      2,814      3,179      3,571      4,028
                                                      --------------------------------------------------------------------------------------------------
           Total premium income......................     19,243     18,931     19,142     19,362     20,101     22,186     24,401     26,755     29,478
       Other  \6\....................................          3          4          1  .........  .........  .........  .........  .........  .........
                                                      --------------------------------------------------------------------------------------------------
         Total cash income...........................     58,169     82,025     80,806     81,586     84,702     92,298    101,356    111,414    122,808
                                                      ==================================================================================================
  Cash outgo:                                                                                                                                           
     Benefit payments  \4\...........................     63,482     67,167     71,115     75,721     82,657     90,396    102,140    107,201    120,294
     Administrative expenses  \5\....................      1,722      1,770      1,420      1,537      1,462      1,460      1,446      1,432      1,450
     Other  \4\......................................          9          9         18         29         43        540  .........  .........  .........
                                                      --------------------------------------------------------------------------------------------------
         Total cash outgo............................     65,213     68,946     72,553     77,287     84,162     92,396    103,586    108,633    121,744
                                                      ==================================================================================================
   Surplus or deficit (-)............................     -7,044     13,079      8,253      4,299        540        -98     -2,230      2,781      1,064
   Fund balance at end of year.......................     13,874     26,953     35,206     39,504     40,044     39,946     37,716     40,497     41,561
                                                      ==================================================================================================
   Invested balance..................................     13,513     27,175     34,464     39,504     40,044     39,946     37,716     40,497     41,561
   Uninvested balance................................        361       -222        742  .........  .........  .........  .........  .........  .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes on following page.                                                                                                                        
                                                                                                                                                        

[[Page 261]]

                                                                                                                                                        
* $500 thousand or less.                                                                                                                                
\1\ In 1983, includes $329.3 million loss on sale of securities.                                                                                        
\2\ Starting in 1983, includes amounts from Postal Service.                                                                                             
\3\ For years after 1999, includes outlays for vocational rehabilitation.                                                                               
\4\ For years after 1999, outlays for peer review organizations are included in the benefit payments line.                                              
\5\ For 1989 and 1990, includes transactions and balances of the HI and SMI Catastrophic Insurance trust funds, which began in 1989 and were abolished  
  in 1990.                                                                                                                                              
\6\ For years after 1986, receipts for kidney dialysis.                                                                                                 
Note: Offsetting collections from Federal sources that are credited to the Old Age and Survivors insurance account are treated as offsets to cash outgo 
  rather than as cash income. For years after 1999, reimbursements to Treasury for administrative services to each of the four Social Security trust    
  funds are included in the benefit payments line, rather than in the administrative expenses line.