[Congressional Record Volume 142, Number 73 (Wednesday, May 22, 1996)]
[Senate]
[Pages S5503-S5504]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           FINANCIAL DISCLOSURE REPORT OF SENATOR PAUL SIMON

 Mr. SIMON. Mr. President, it has been my practice in each of 
the 41 years I have spent in public life to volunteer a detailed 
accounting of my finances.
  I ask that my financial report for 1995 be printed in the Record.
  The financial report and related announcement follow:

                              Announcement

       For the 41st consecutive year that he has held public 
     office, U.S. Senator Paul Simon, D-Ill., has released a 
     detailed description of his income, assets and liabilities--
     the last such report that he will file before retiring from 
     the Senate when his term ends in January 1997.
       Simon has been making the voluntary annual statements 
     longer than any other national officeholder. Simon set his 
     policy when he left the newspaper publishing business he had 
     established to enter public service and has followed the 
     practice during his eight years in the Illinois House of 
     Representatives, six years in the Illinois Senate, four years 
     as lieutenant governor, 10 years in the U.S. House of 
     Representatives and now 11 years in the U.S. Senate. The 
     listing predates disclosure requirements of state and federal 
     law and continues to exceed those requirements. Senate rules 
     today require only the listing of income within broad 
     brackets. Simon's practice also has set the standard for many 
     officeholders in Illinois.
       Simon also continues to exceed Senate requirements by 
     listing detailed income for his wife, Jeanne.
       The Illinois Senator lists 1995 income for himself and 
     Jeanne Simon totaling $196,300.60, down from $206,287 in 
     1994. The figure includes Paul Simon's Senate salary, Jeanne 
     Simon's per diem compensation as chair of the Naional 
     Commission on Library and Information Science, and 
     reimbursements to Paul and Jeanne Simon for travel and other 
     expenses.
       The Simons had assets of $551,837.35 and liabilities of 
     $106,979.79 for a net worth of $444,857.56. Earlier 
     disclosures have shown Simon to be one of the least wealthy 
     members of the United States Senate.
       The detailed 1995 financial report of Senator Paul Simon 
     follows:


             Income statement: Paul and Jeanne Simon--1995

General Income (Paul Simon):
    Salary, U.S. Senate.....................................$133,600.00
    State of Illinois, General Assembly System................22,281.60
    Book Royalties.............................................2,788.45
    Dana College, Homecoming Payment Refund.......................43.00
    Blue Cross/Blue Shield, Insurance Reimbursement..............100.75
    Movies Unlimited, Refund......................................20.49
    Discover Card, Cash Back Bonus.................................7.28
    Earnings, IRA................................................989.46
                                                       ================

General Income (Jeanne Simon):
    Salary, Emeritus Foundation...............................$1,000.00
    Social Security, (Entirely donated to charitable causes)...5,350.00
    Medicare Premiums............................................718.80
    U.S. Department of Education, (National Commission on Libraries and 
      Information Science)....................................17,103.04
    Distribution from IRA........................................980.41
    Earnings, IRA................................................423.15
    U.S. Government, Travel Expense Reimbursement..............5,412.37
    University of Illinois at Urbana, Travel Expense Reimbursemen826.00
    North Suburban Library Association, Travel Expense Reimbursem211.00
    Lincoln Trail Libraries, Travel Expense Reimbursement........411.00
    Wisconsin Library Association, Expense Reimbursement.........548.40
    Emeritus Foundation, Expense Reimbursement...................133.12
                                                       ================

Interest Income:
    U.S. Senate Federal Credit Union.............................$14.25
    General American Life........................................225.61
    Polish National Alliance of U.S.A.............................57.63
    South Shore Bank of Chicago...................................30.11
                                                       ================

Non-IRA Dividends
    Adams Express...............................................$711.52
    General Mills.................................................84.60
    Union One........................................................58
    Mattel.........................................................7.08
    McDonalds......................................................6.57
    Quaker Oats....................................................9.12
    Scott Paper....................................................6.40
    Dreyfus Growth & Income Fund.................................237.06
    Dreyfus Municipal Bond Fund..................................892.92
    Franklin Money Fund...........................................47.11
    Wal-Mart Stores...............................................18.48
    Pacific Gas & Electric.......................................525.28
    Pax World Fund...............................................167.22
    Texas Instruments.............................................14.16
    Harcourt General...............................................4.55
    Scudder Growth & Income.......................................74.72

[[Page S5504]]

    Smith Barney Money Funds......................................30.70
    Darden Restaurants.............................................1.80
    Ford Motor....................................................47.09
    Johnson & Johnson.............................................38.40
    Polish National Alliance......................................99.20
    SIU Credit Union.................................................12
                                                       ================

      Total income..........................................$196,300.60


                           Stock Transactions

                               Purchased:

       01/03/95, 30 Shares of Johnson & Johnson--$1,707.57.
       04/24/95, 38 Shares of Ford Motor Co--$1,080.00.
       11/21/95, 100 Shares of Livent Co--$887.50.
       12/08/95, 35 Shares of Wm Wrigley, Jr., Co--$1,761.53.

                             Stock Splits:

       01/12/95, Mattel Inc De, 25 Shares to 31 Shares.
       05/15/95, Scott Paper, 8 Shares to 16 Shares.
       08/24/95, Texas Instruments 12 Shares to 24 Shares.

                             Stock Merger:

       12/13/95, Scott Paper merged with Kimberly Clark 16 Shares 
     of Scott became 12 Shares of Kimberly Clark.

                                 Sold:

       07/21/95, Dreyfus Municipal Bond Fund, 893.582 shares for 
     $11,000. Purchased at various times for a total of $10,922. 
     Profit = $78.00.

                                Spinoff:

       06/06/95, Darden Restaurants Inc., 45 Shares

       Other changes in stock numbers due to reinvestment of 
     dividends.

                               Paul's IRA

                               Purchase:

       02/10/95, Knight-Ridder, 10 Shares for $551.96.
       08/10/95, Oshkosh B Gosh, 25 Shares for $453.73.

                             Stock Splits:

       01/23/95--Mattel Inc De., 88 Shares to 110 Shares.
       07/12/95--Tootsie Roll Industries, 22 Shares to 44 Shares.

       Other changes in stock numbers due to reinvestment of 
     dividends.

                              Jeanne's IRA

                                 Sold:

       12/06/95--Smith Barney Utilities Fund, 34.496 Shares for 
     $533.66.

       Other changes in stock numbers due to reinvestment of 
     dividends.


       Paul and Jeanne Simon, net worth statement, Dec. 31, 1995

General Assets:
    First Bank of Carbondale, Checking Account..................$210.93
    Credit Union, Rantoul.........................................27.80
    U.S. Senate Federal Credit Union, Checking Account.........1,845.36
    U.S. Senate Federal Credit Union, Savings Account............150.19
    South Shore Bank of Chicago, Savings Account...............1,107.52
    SIU Credit Union, Savings Account.............................25.12
    SIU Credit Union, Checking Account............................75.00
    Loan, Senator Paul Simon Official Office Account.............100.00
    U.S. Savings Bonds.........................................1,838.00
    Deposit, Harbour Square Apartments............................50.00
    General American Life Insurance, Cash Value and Deposit...10,710.24
    Polish National Alliance Insurance, Cash Value and Deposit.3,970.33
    Congressional Retirement System, Cash Value...............99,974.08
    Thrift Savings Plan.......................................44,610.25
    10.8 Acres & Home, Makanda, IL., (Appraised 1987 at $204,000)--
      Plus Improvements......................................235,350.00
    Furniture and Presidential Autograph Collection...........18,000.00
    1991 Chevrolet.............................................8,000.00
    1995 GEO Prism............................................12,000.00
Stock and Bond Holdings with Number of Shares:
    Cash and Smith Barney Money Fund.............................166.38
    Adams Express, 470 Shares..................................8,695.00
    Bethlehem Steel, 5 Shares.....................................69.38
    Dreyfus Municipal Bond Fund, 756.418 Shares................9,614.07
    Dreyfus Growth & Income, 259.999 Shares....................4,822.98
    Franklin Fund, 1,184.259 Shares............................1,184.26
    General Mills, 45 Shares...................................2,598.75
    Harcourt General, 7 Shares...................................293.13
    Intergroup, 25 Shares......................................1,193.75
    Jet-Lite, 120 (Approximate)..................................300.00
    Lands End, 44 Shares.........................................599.50
    Liberte Inves., 100 Shares...................................225.00
    Mattel, 31 Shares............................................953.25
    McDonalds, 25 Shares.......................................1,128.13
    Pacific Gas & Electric, 268 Shares.........................7,604.50
    Pax World Fund, 179.813 Shares.............................2,936.35
    Quaker Oats, 8 Shares........................................276.00
    Rohr Industries, 6 Shares.....................................86.25
    Scudder Growth & Income Fund, 82.220 Shares................1,663.31
    Texas Instruments, 24 Shares...............................1,236.00
    United M & M, 8 Shares.........................................1.00
    Wal-Mart Stores, 96 Shares.................................2,136.00
    Darden Restaurants, 45 Shares................................534.38
    Ford Motor, 38 Shares......................................1,097.25
    Johnson & Johnson, 30 Shares...............................2,565.00
    Kimberly Clark, 12 Shares....................................993.00
    Wm Wrigley Jr., 35 Shares..................................1,837.50
    Livent, 100 Shares...........................................887.50
IRA--Paul--Common Stock:
    Smith Barney Money Fund......................................397.21
    Smith Barney Utilities Fund, 98.645........................1,553.66
    Adams Express, 721........................................13,338.50
    Lands End, 34................................................463.25
    Mattel, 110................................................3,382.50
    Pacific Enterprises, 56....................................1,582.00
    Pacific Gas & Electric, 40.................................1,135.00
    Pepsico Inc--North Carolina, 32............................1,788.00
    Price Enterprises, 51........................................784.13
    Quaker Oats, 284...........................................9,798.00
    Sara Lee, 20.................................................640.00
    Servicemaster Ltd Partnership Pub Partnership Shs., 27.......816.75
    Southwest Water, 86..........................................827.75
    Southwestern Energy, 48......................................612.00
    Tootsie Roll Industries, 44................................1,743.50
    Knight-Ridder, 10............................................625.00
    Oshkosh B' Gosh, CLA, 25.....................................437.50
Preferred Stock: McDonald's, 18 Shares...........................472.50
                                                             __________

      Total...................................................40,397.25
                                                               ==========
_______________________________________________________________________

IRA--Jeanne:
    Smith Barney Money Funds......................................42.85
    Smith Barney Utilities Fund, 35.845..........................564.56
    Adams Express, 701........................................12,968.50
    Pacific Gas & Electric, 40.................................1,135.00
    Pepsico Inc. North Carolina, 42............................2,346.75
    Sara Lee, 20.................................................640.00
                                                             __________

      Total...................................................17,697.66
      Total assets...........................................551,837.35
                                                               ==========
_______________________________________________________________________

Liabilities:
    Polish National Insurance, Loan............................1,484.48
    General American Insurance, Loan...........................3,021.15
    LaSalle Talman Home Mortgage Corp........................102,474.16
                                                             __________

      Total liabilities......................................106,979.79
                                                               ==========
_______________________________________________________________________

      Total assets...........................................551,837.35
      Total liabilities......................................106,979.79
                                                             __________

      Net worth..............................................444,857.56


 gifts, received of more than $25.00 value, outside immediate family *

     Framed poem by Elijah Lovejoy from Robert Tabscott--Value 
         under $250.00
     Book by Tom Clancy from Comanche Helicopter Group--25.95
     Messiah records from Al Booth--Value under $250.00
     Book, Chronicle of America from Dorling Kindersley Publishing 
         Company--$59.95
     Tickets to Baltimore Oriole game from Gene Callahan--Value 
         under $250.00
     Book on the history of Macomb from Don Spencer--$35.00
     Two tickets to St. Louis Rams game from Alfred Kerth, III--
         $90.00
     Handmade quilt from Mrs. William J. Lee--Value under $250.00
     Food samples from Nabisco company--Value under $250.00
     Food assortment basket from Mel Blackwell--Value under 
         $250.00
     Book from Aileen Estrella--Value under $250.00
     Subscription to Roll Call (1 year) from publisher--$216.00
     Book on Claude Monet from Art Institute of Chicago--Value 
         under $250.00
     Historical Books from Stan Glass--Value under $250.00
     Flowers from Phil Corboy and Mary Dempsey--Value under 
         $250.00
     Flowers from Nancy and William Chen--Value under $250.00
     Gift from United Transportation Union--Value under $250.00

     ________________

       * The law requires disclosure only of gifts of $250.00 and 
     over. Paul Simon's statement includes all non-family gifts of 
     more than $25.00, whatever the source.

                          ____________________