[Historical Tables]
[Section 13 - Social Security and Medicare]
[Table 13.1 - Cash Income, Outgo, and Balances of the Social Security and Medicare Trust Funds: 1936-2012]
[From the U.S. Government Printing Office, www.gpo.gov]


[[Page 287]]

 
   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012
                                                                (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:
      Interest (903)................................  ........         2        15        27        42        56        71        87       103       124
                                                     ---------------------------------------------------------------------------------------------------
        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
    Administrative expenses.........................  ........  ........  ........  ........        12        27        27        27        33        27
                                                     ---------------------------------------------------------------------------------------------------
        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
  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 MEDICARE TRUST FUNDS: 1936-2012--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
    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
  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 288]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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             6,425      6,457      7,138      7,418      9,671     11,104     11,267     13,117     15,242     15,567
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement          18         83        130        147        171        189        203        224        260        263
       (952)..............................
      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     .........  .........  .........        124        600        332        361        423        403        436
     account..............................
    Administrative expenses...............        124        150        166        206        203        236        252        263        303        300
    Other outgo (mainly for vocational      .........  .........         -*         -3         -3        -22          9          1         -1          3
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        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
  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         .........        332        911        878        970      1,005      1,004      1,058      1,124      1,156
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement   .........          5         15         17         17         17         18         18         19         19
       (952)..............................
      Interest (903)......................  .........          1         16         33         47         61         70         70         68         65
      Other...............................  .........  .........  .........  .........         27  .........  .........  .........  .........  .........
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..  .........          6         31         51         91         78         88         88         87         85
    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     .........  .........  .........  .........  .........          5         11         20         19         24
     account..............................
    Administrative expenses...............  .........          1         12         21         32         36         66         69         70         82
    Other outgo (mainly vocational          .........  .........         -*         -*          *         -1          *          *         -2          *
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        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
  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 289]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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            17,556     22,197     22,265     25,484     29,396     31,354     35,132     40,703     47,778     55,207
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement         310        370        397        469        559        561        579        615        677        810
       (952)..............................
      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           444        508        438        491        579        613        724        783        909        982
     account..............................
    Administrative expenses...............        254        334        449        465        474        552        582        667        723        848
    Other outgo (mainly for vocational              1          1          *          2          1          2          1          3          2          8
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        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
  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             1,530      2,204      2,651      3,469      4,063      4,490      4,775      5,381      6,147      7,250
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement          27         45         48         63         78         79         78         80         87        106
       (952)..............................
      Interest (903)......................         54         67         83        140        221        324        388        434        482        512
      Other...............................  .........         16         16         32         16         16         50         51         52         52
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..         81        128        147        235        315        419        516        565        621        670
    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            25         31         20         21         10         13         24         20         22         29
     account..............................
    Administrative expenses...............        184         99        112        134        149        190        212        247        154        253
    Other outgo (mainly vocational                  2          7         15         15         16         21         28         39         49         71
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        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
  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 290]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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               893      2,645      3,493      4,398      4,755      4,874      5,205      7,603     10,551     11,252
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement          16         60         65         79         91         87         85        121        147        166
       (951)..............................
      Interest (902)......................          6         46         61         96        139        183        190        198        408        614
      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...............................  .........          *          *          *          *          *          *          *          *          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
    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
  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:
       Intragovernmental receipts:
        Interest (902)....................  .........         14         21         23         12         17         29         45         76        106
        Federal contributions and other...  .........        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 States and other 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.................................  .........  .........  .........  .........  .........          *          *          *          *          *
                                           -------------------------------------------------------------------------------------------------------------
        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 291]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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            58,703     15,886     68,032     73,141     83,410     96,581    117,757    122,840    128,972    150,312
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement         852        220        863        906        948      1,027      1,259      1,406      1,534      1,852
       (952)..............................
      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         1,212  .........      1,208      1,589      1,448      1,442      1,585      1,793      2,251      2,404
     account..............................
    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              9          1          7          6         12         10          4          6        330          6
     rehabilitation) \1\..................
                                           -------------------------------------------------------------------------------------------------------------
        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   .........  .........  .........  .........  .........  .........  .........  .........     17,519  .........
   from other trust funds.................
  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             7,686      2,130      8,786     12,250     14,584     16,628     12,418     20,626     18,348     15,763
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement         111         29        114        154        166        177        171        240        244        192
       (952)..............................
      Interest (903)......................        468         13        372        251        305        454        273        363        449        558
      Other...............................         90  .........        103        128        142        129        130        168      2,866      1,299
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..        669         42        589        533        612        760        574        772      3,559      2,049
    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            26  .........         -*         30         30  .........         29         26         28         22
     account..............................
    Administrative expenses...............        266         71        378        327        402        334        402        572        659        585
    Interest payments.....................  .........  .........  .........  .........  .........  .........  .........  .........         13         77
    Other outgo (mainly vocational                 92         27         77         84         84         99         -4         37          4         40
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        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      .........  .........  .........  .........  .........  .........  .........  .........     -5,081  .........
   OASI fund..............................
  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 292]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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            11,987      3,457     13,474     16,668     19,874     23,217     30,340     34,301     35,641     40,262
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement         175         45        175        206        228        249        332        397      1,054      1,306
       (951) \2\..........................
      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...............................          *  .........          *          *          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      .........  .........  .........  .........  .........  .........  .........  .........    -12,437  .........
   OASI fund..............................
  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:
       Intragovernmental receipts:
        Interest (902)....................        104          4        137        229        363        416        384        473        680        807
        Federal contributions and other...      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 States and other 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 293]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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           169,822    182,518    194,541    220,337    240,595    255,031    265,503    273,137    281,735    302,607
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement       2,288      2,608      3,011      4,000      4,432      5,038      5,242      5,508      5,796      5,787
       (952)..............................
      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         2,310      2,585      2,557      2,790      2,845      2,969      3,375      3,148      3,353      3,420
     account..............................
    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      -4,364    -13,155  .........  .........  .........  .........  .........  .........  .........  .........
   from other trust funds.................
  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            16,348     17,711     18,861     21,154     23,071     26,625     28,382     29,289     30,199     32,419
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement         221        249        289        382        426        529        562        593        620        622
       (952)..............................
      Interest (903)......................        580        631        795        657        745        866      1,058      1,080        966        698
      Other...............................        912      1,586        167        266        335        302        133        217        279        310
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..      1,714      2,466      1,251      1,306      1,506      1,697      1,753      1,890      1,865      1,631
    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......................     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            43         68         57         61         88         80         82         58         83        106
     account..............................
    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                  3          4         15         21         40         38         34         34         38         37
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        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          2,540      2,541  .........  .........  .........  .........  .........  .........  .........  .........
   OASI fund..............................
  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 294]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--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            44,871     51,335     55,992     59,859     65,396     68,556     72,842     79,108     81,224     90,062
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement       1,449      1,604      1,700      1,884      2,007      2,153      2,205      2,324      2,375      2,440
       (951) \2\..........................
      Interest (902)......................      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...............................          *          *          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......................     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.................................        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          1,824     10,613  .........  .........  .........  .........  .........  .........  .........  .........
   OASI fund..............................
  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 \3\...........  .........  .........  .........  .........        527       -527  .........  .........  .........  .........
       Intragovernmental receipts:
        Interest (902) \3\................      1,154      1,228      1,019        828      1,025      1,427      1,627      1,716      1,888      2,116
        Federal contributions and other...     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 States and other 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 \4\...........................         -*          *          *          *  .........          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......................     21,808     25,166     29,932     33,677     36,854     41,450     45,456     48,595     52,398     57,997
    Administrative expenses \3\...........        923      1,051        900      1,265      1,450      1,524      1,507      1,658      1,845      1,718
    Other.................................  .........  .........          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 295]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--Continued
                                                                (in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1995       1996       1997       1998       1999       2000       2001       2002       2003       2004
--------------------------------------------------------------------------------------------------------------------------------------------------------
 Old age and survivors insurance fund:
   Cash income:
    Social insurance and retirement           284,091    311,869    336,729    358,784    383,559    411,677    434,057    440,541    447,806    457,120
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement       5,434      5,326      5,582      6,086      6,374      6,542      6,761      7,591      8,207      9,686
       (952)..............................
      Interest (903)......................     31,417     34,026     37,688     42,197     46,847     53,531     61,239     68,105     73,980     76,441
      Other...............................      5,143      5,772      6,486      8,620     10,197     12,509     11,813     13,040     12,367     13,299
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..     41,994     45,124     49,756     56,903     63,418     72,582     79,813     88,736     94,554     99,426
    Other cash income.....................  .........  .........  .........  .........  .........  .........          1          1          1          1
                                           -------------------------------------------------------------------------------------------------------------
        Total cash income.................    326,085    356,993    386,485    415,687    446,977    484,259    513,871    529,278    542,361    556,547
                                           =============================================================================================================
   Cash outgo:
    Benefit payments......................    288,617    299,985    312,880    324,274    332,383    347,894    367,702    383,970    396,597    411,157
    Payments to the railroad retirement         4,052      3,554      3,688      3,662      3,681      3,538      3,273      3,493      3,580      3,628
     account..............................
    Administrative expenses...............      1,805      1,793      2,001      1,833      1,851      1,995      2,093      2,118      2,519      2,517
    Military service credit adjustment....  .........        129  .........  .........  .........  .........  .........  .........  .........  .........
    Other outgo (mainly for vocational      .........  .........  .........  .........  .........  .........        -25  .........          2          3
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        Total cash outgo..................    294,474    305,461    318,569    329,769    337,915    353,427    373,043    389,581    402,698    417,305
                                           =============================================================================================================
  Surplus or deficit (-)..................     31,611     51,532     67,916     85,918    109,062    130,832    140,828    139,697    139,663    139,242
  Fund balance, end of year...............    447,946    499,479    567,395    653,314    762,376    893,208   1,034,03   1,173,73   1,313,39   1,452,63
                                                                                                                      6          3          5          7
                                           =============================================================================================================
  Invested balance........................    447,947    499,403    567,445    653,282    762,226    893,519   1,034,11   1,173,75   1,313,42   1,452,63
                                                                                                                      4          9          7          7
  Uninvested balance......................         -1         75        -49         32        150       -311        -78        -26        -32  .........
                                           =============================================================================================================
 Disability insurance trust fund:
   Cash income:
    Social insurance and retirement            66,988     55,623     55,261     57,015     60,909     68,907     73,462     74,780     76,036     77,625
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement         998        952        901        966      1,011      1,095      1,149      1,287      1,395      1,645
       (952)..............................
      Interest (903)......................      1,888      2,481      3,526      4,433      5,224      6,265      7,572      8,715      9,565      9,787
      Other...............................        341        378        412        539        647        787        770        972        949      1,085
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..      3,227      3,811      4,839      5,938      6,882      8,147      9,491     10,974     11,909     12,517
    Other cash income.....................  .........  .........  .........  .........  .........          8         27         36         40         43
                                           -------------------------------------------------------------------------------------------------------------
        Total cash income.................     70,215     59,434     60,100     62,953     67,791     77,062     82,980     85,790     87,985     90,185
                                           =============================================================================================================
   Cash outgo:
    Benefit payments......................     40,201     43,231     45,367     47,680     50,424     54,210     58,159     64,202     69,789     76,212
    Payments to the railroad retirement            68          2         59        157        135        159         10        154        167        215
     account..............................
    Administrative expenses...............      1,064      1,074      1,211      1,565      1,520      1,611      1,764      2,008      1,968      2,072
    Military service credit adjustment....  .........        203  .........  .........  .........  .........        836  .........  .........  .........
    Other outgo (mainly vocational                 47         48         64         57         63         66         62         68         58         51
     rehabilitation)......................
                                           -------------------------------------------------------------------------------------------------------------
        Total cash outgo..................     41,380     44,558     46,701     49,459     52,142     56,046     60,831     66,432     71,982     78,550
                                           =============================================================================================================
  Surplus or deficit (-)..................     28,835     14,876     13,399     13,494     15,649     21,016     22,149     19,358     16,003     11,635
  Fund balance, end of year...............     35,206     50,083     63,483     76,979     92,628    113,644    135,793    155,151    171,153    182,788
                                           =============================================================================================================
  Invested balance........................     35,225     50,100     63,562     76,996     92,666    113,707    135,842    155,287    170,793    182,799
  Uninvested balance......................        -19        -17        -79        -17        -37        -64        -49       -137        360        -11
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.


[[Page 296]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--Continued
                                                                (in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               1995       1996       1997       1998       1999       2000       2001       2002       2003       2004
--------------------------------------------------------------------------------------------------------------------------------------------------------
 Hospital insurance trust fund:
   Cash income:
    Social insurance and retirement            96,024    104,997    110,710    119,863    132,268    135,529    149,651    149,049    147,186    150,589
     receipts.............................
     Intragovernmental receipts:
      Employer share, employee retirement       2,449      2,382      2,465      2,499      2,576      2,630      2,704      2,913      3,049      3,423
       (951) \2\..........................
      Interest (902)......................     10,871     10,389      9,757      9,154      9,286     10,470     12,338     13,774     14,791     15,074
      Federal Payment (OASI taxes)........      3,913      4,069      3,558      5,067      6,552      8,787      4,903     10,946      8,318      8,577
      Other...............................        591        554        691        197        861        725        725      1,201        641        998
                                           -------------------------------------------------------------------------------------------------------------
        Total intragovernmental receipts..     17,824     17,394     16,471     16,917     19,275     22,612     20,670     28,834     26,799     28,072
     Other (mainly proprietary) receipts:
      Premium income......................        998      1,107      1,279      1,320      1,401      1,392      1,440      1,525      1,598      1,799
      Other...............................          1          1         89        104         71        148        454        331        231        354
                                           -------------------------------------------------------------------------------------------------------------
        Total cash income.................    114,847    123,499    128,549    138,204    153,015    159,681    172,215    179,739    175,814    180,814
                                           =============================================================================================================
   Cash outgo:
    Benefit payments......................    113,402    123,908    136,010    135,299    129,286    127,698    139,082    145,308    150,967    163,765
    Administrative expenses...............      1,300      1,228      1,203      1,204      1,296      1,262      1,442      1,484      1,543      1,886
    Military service credit adjustment....  .........      2,366  .........  .........  .........  .........      1,177  .........  .........  .........
    Other.................................        181        181        671        795        918      1,070      1,200      1,221      1,310      1,364
                                           -------------------------------------------------------------------------------------------------------------
        Total cash outgo..................    114,883    127,683    137,884    137,298    131,500    130,030    142,901    148,013    153,820    167,015
                                           =============================================================================================================
  Surplus or deficit (-)..................        -36     -4,184     -9,335        906     21,515     29,651     29,314     31,726     21,994     13,799
  Adjustment to balances..................  .........          1  .........  .........         -2  .........  .........  .........        -13         11
  Fund balance, end of year...............    129,520    125,337    116,002    116,908    138,421    168,072    197,385    229,111    251,091    264,901
                                           =============================================================================================================
  Invested balance........................    129,864    125,805    116,621    118,236    153,767    168,859    197,137    228,906    251,297    264,901
  Uninvested balance......................       -344       -467       -619     -1,328    -15,346       -787        247        204       -206  .........
                                           =============================================================================================================
 Supplementary medical insurance trust
 fund:
   Cash income:
       Intragovernmental receipts:
        Interest (902)....................      1,935      1,388      2,192      2,606      2,926      3,160      3,187      2,916      2,452      1,727
        Federal contributions and other...     36,988     61,702     59,471     59,919     62,185     65,561     69,863     78,334     80,910     94,736
                                           -------------------------------------------------------------------------------------------------------------
          Total intragovernmental receipts     38,923     63,090     61,663     62,525     65,111     68,721     73,050     81,250     83,362     96,463
       Premium income:
        From aged participants............     17,126     16,858     16,984     17,153     17,722     17,961     19,447     21,173     23,115     25,873
        From States and other participants      2,117      2,073      2,158      2,274      2,438      2,554      2,861      3,254      3,720      4,468
                                           -------------------------------------------------------------------------------------------------------------
          Total premium income............     19,243     18,931     19,142     19,427     20,160     20,515     22,308     24,427     26,835     30,341
      Other \4\...........................          3          4          1          3          7          4          4          3         -1          1
                                           -------------------------------------------------------------------------------------------------------------
        Total cash income.................     58,169     82,025     80,806     81,955     85,278     89,240     95,362    105,680    110,196    126,805
                                           =============================================================================================================
   Cash outgo:
    Benefit payments......................     63,482     67,167     71,115     74,808     78,972     87,169     97,471    106,901    121,740    131,595
    Administrative expenses...............      1,722      1,770      1,420      1,431      1,510      1,780      1,926      1,717      2,245      2,648
    Other.................................          9          9         18         33         36         43         55        207         70        247
                                           -------------------------------------------------------------------------------------------------------------
        Total cash outgo..................     65,213     68,946     72,553     76,272     80,518     88,992     99,452    108,825    124,055    134,490
                                           =============================================================================================================
  Surplus or deficit (-)..................     -7,044     13,079      8,253      5,683      4,760        248     -4,090     -3,145    -13,859     -7,685
  Adjustment to balances..................  .........  .........  .........  .........  .........  .........  .........  .........  .........         -1
  Fund balance at end of year.............     13,874     26,953     35,206     40,889     45,649     45,896     41,805     38,660     24,801     17,115
                                           =============================================================================================================
  Invested balance........................     13,513     27,175     34,464     39,502     26,529     45,075     41,978     38,804     24,850     17,115
  Uninvested balance......................        361       -222        742      1,387     19,120        821       -174       -145        -49  .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.


[[Page 297]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--Continued
                                                                (in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                           2007       2008       2009       2010       2011       2012
                                                                     2005       2006     estimate   estimate   estimate   estimate   estimate   estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
 Old age and survivors insurance fund:
   Cash income:
    Social insurance and retirement receipts....................    493,646    520,069    542,098    576,237    608,106    643,935    680,272    714,061
     Intragovernmental receipts:
      Employer share, employee retirement (952).................      9,352      9,937     10,505     11,205     11,838     12,599     13,496     14,156
      Interest (903)............................................     81,708     87,316     95,607    103,859    113,827    125,321    137,923    150,514
      Other.....................................................     15,363     20,300     17,872     18,407     20,291     22,267     24,871     27,530
                                                                 ---------------------------------------------------------------------------------------
        Total intragovernmental receipts........................    106,423    117,553    123,984    133,471    145,956    160,187    176,290    192,200
    Other cash income...........................................  .........  .........          1          2          2          2          2          2
                                                                 ---------------------------------------------------------------------------------------
        Total cash income.......................................    600,069    637,622    666,083    709,710    754,064    804,124    856,564    906,263
                                                                 =======================================================================================
   Cash outgo:
    Benefit payments \5\........................................    430,375    454,265    478,682    499,485    525,347    556,431    590,206    656,141
    Payments to the railroad retirement account.................      3,579      3,458      3,509      3,519      3,541      3,607      3,617      3,814
    Administrative expenses.....................................      2,874      2,987      3,007      3,131      3,133      3,134      3,197      3,235
    Military service credit adjustment..........................  .........        350  .........  .........  .........  .........  .........  .........
    Other outgo (mainly for vocational rehabilitation)..........          2          3          6         10  .........  .........  .........  .........
                                                                 ---------------------------------------------------------------------------------------
        Total cash outgo........................................    436,830    461,063    485,204    506,145    532,021    563,172    597,020    663,190
                                                                 =======================================================================================
  Surplus or deficit (-)........................................    163,239    176,559    180,879    203,565    222,043    240,952    259,544    243,073
  Adjustment to balances........................................  .........  .........  .........  .........  .........  .........  .........  .........
  Fund balance, end of year.....................................   1,615,87   1,792,43   1,973,31   2,176,87   2,398,92   2,639,87   2,899,41   3,142,49
                                                                          6          5          4          9          2          4          8          1
                                                                 =======================================================================================
  Invested balance..............................................   1,616,15   1,793,12   1,973,31   2,176,87   2,398,92   2,639,87   2,899,41   3,142,49
                                                                          9          9          6          2          2          4          8          1
  Uninvested balance............................................       -283       -694         -2          7  .........  .........  .........  .........
                                                                 =======================================================================================
 Disability insurance trust fund:
   Cash income:
    Social insurance and retirement receipts....................     83,830     88,313     92,032     97,848    103,264    109,347    115,518    121,256
     Intragovernmental receipts:
      Employer share, employee retirement (952).................      1,589      1,688      1,784      1,903      2,010      2,140      2,292      2,404
      Interest (903)............................................     10,128     10,406     10,642     10,759     10,975     11,171     11,355     11,612
      Other.....................................................      1,202      1,789      1,530      1,599      1,787      2,004      2,283      2,583
                                                                 ---------------------------------------------------------------------------------------
        Total intragovernmental receipts........................     12,919     13,883     13,956     14,261     14,772     15,315     15,930     16,599
    Other cash income...........................................         15         17         18         19         21         22         23         25
                                                                 ---------------------------------------------------------------------------------------
        Total cash income.......................................     96,764    102,213    106,006    112,128    118,057    124,684    131,471    137,880
                                                                 =======================================================================================
   Cash outgo:
    Benefit payments \5\........................................     83,765     90,698     98,472    103,339    109,665    116,364    121,481    128,604
    Payments to the railroad retirement account.................        338        388        359        397        432        470        547        522
    Administrative expenses.....................................      2,316      2,409      2,387      2,456      2,561      2,564      2,616      2,644
    Military service credit adjustment..........................  .........  .........  .........  .........  .........  .........  .........  .........
    Other outgo (mainly vocational rehabilitation)..............         49         77        178        230  .........  .........  .........  .........
                                                                 ---------------------------------------------------------------------------------------
        Total cash outgo........................................     86,468     93,572    101,396    106,422    112,658    119,398    124,644    131,770
                                                                 =======================================================================================
  Surplus or deficit (-)........................................     10,296      8,641      4,610      5,706      5,399      5,286      6,827      6,110
  Adjustment to balances........................................  .........  .........  .........  .........  .........  .........  .........  .........
  Fund balance, end of year.....................................    193,084    201,725    206,335    212,041    217,440    222,726    229,553    235,663
                                                                 =======================================================================================
  Invested balance..............................................    193,263    202,178    206,334    212,032    217,440    222,726    229,553    235,663
  Uninvested balance............................................       -179       -453          1          9  .........  .........  .........  .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.


[[Page 298]]


                   Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2012--Continued
                                                                (in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                           2007       2008       2009       2010       2011       2012
                                                                     2005       2006     estimate   estimate   estimate   estimate   estimate   estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
 Hospital insurance trust fund:
   Cash income:
    Social insurance and retirement receipts....................    166,068    177,429    185,163    198,726    208,700    221,160    233,811    245,766
     Intragovernmental receipts:
      Employer share, employee retirement (951) \2\.............      3,302      3,404      3,533      3,685      3,805      3,968      4,171      4,307
      Interest (902)............................................     15,155     15,388     15,246     16,021     17,535     18,831     20,312     21,870
      Interest from OASI........................................  .........  .........  .........  .........  .........  .........  .........  .........
      Federal Payment (OASI taxes)..............................      8,765     10,319     10,810     12,245     13,655     15,269     16,992     18,899
      Other.....................................................        977        817        984      1,225        977        990      1,005      1,022
                                                                 ---------------------------------------------------------------------------------------
        Total intragovernmental receipts........................     28,199     29,928     30,573     33,176     35,972     39,058     42,480     46,098
     Other (mainly proprietary) receipts:
      Premium income............................................      2,303      2,652      2,859      2,974      3,135      3,327      3,539      3,756
      Other \4\.................................................      1,902      2,388      2,398      2,498      2,598      2,698      2,798      2,798
                                                                 ---------------------------------------------------------------------------------------
        Total cash income.......................................    198,472    212,397    220,993    237,374    250,405    266,243    282,628    298,418
                                                                 =======================================================================================
   Cash outgo:
    Benefit payments \6\........................................    182,515    183,551    204,645    210,993    224,262    235,565    254,556    258,563
    Payments to Stabilization Fund..............................  .........  .........          7         10         13         16         20        104
    Administrative expenses.....................................      1,769      1,959      1,833      2,032      2,063      2,080      2,117      2,132
    Military service credit adjustment..........................  .........  .........  .........  .........  .........  .........  .........  .........
    Other \6\...................................................      1,419      1,426      1,661      1,556  .........  .........  .........  .........
                                                                 ---------------------------------------------------------------------------------------
        Total cash outgo........................................    185,703    186,936    208,146    214,591    226,338    237,661    256,693    260,799
                                                                 =======================================================================================
  Surplus or deficit (-)........................................     12,769     25,461     12,847     22,783     24,067     28,582     25,935     37,619
  Adjustment to balances........................................  .........  .........  .........  .........  .........  .........  .........  .........
  Fund balance, end of year.....................................    277,670    303,131    315,978    338,761    362,828    391,410    417,345    454,964
                                                                 =======================================================================================
  Invested balance..............................................    277,268    302,186    296,638    317,385    362,828    391,410    417,345    454,964
  Uninvested balance............................................        402        945     19,340     21,376  .........  .........  .........  .........
                                                                 =======================================================================================
 Supplementary medical insurance trust fund:
   Cash income:
       Intragovernmental receipts:
        Interest (902)..........................................      1,364      1,459      2,012      2,475      2,741      2,913      3,046      3,168
        Federal contributions and other.........................    115,201    162,602    175,657    186,100    194,222    206,944    224,047    237,905
                                                                 ---------------------------------------------------------------------------------------
          Total intragovernmental receipts......................    116,565    164,061    177,669    188,575    196,963    209,857    227,093    241,073
       Premium income:
        From aged participants..................................     30,394     35,606     39,090     40,871     43,108     45,599     48,322     51,542
        For prescription drugs..................................  .........        809      3,840      6,206      8,257      9,951     11,796     14,002
        From States and other participants......................      5,546      9,671     15,026     15,238     16,224     17,481     18,894     20,462
                                                                 ---------------------------------------------------------------------------------------
          Total premium income..................................     35,940     46,086     57,956     62,315     67,589     73,031     79,012     86,006
      Other \4\.................................................        994      1,114      1,200      1,300      1,400      1,500      1,500      1,500
                                                                 ---------------------------------------------------------------------------------------
        Total cash income.......................................    153,499    211,261    236,825    252,190    265,952    284,388    307,605    328,579
                                                                 =======================================================================================
   Cash outgo:
    Benefit payments \6\........................................    150,661    191,324    224,570    241,993    259,248    278,696    307,174    316,485
    Payments to Stabilization Fund..............................  .........  .........          6          8         11         14         17         88
    Administrative expenses.....................................      2,745      3,177      3,102      3,281      3,266      3,254      3,327      3,365
    Other \6\...................................................        321        381        556        583  .........  .........  .........  .........
                                                                 ---------------------------------------------------------------------------------------
        Total cash outgo........................................    153,727    194,882    228,234    245,865    262,525    281,964    310,518    319,938
                                                                 =======================================================================================
  Surplus or deficit (-)........................................       -228     16,379      8,591      6,325      3,427      2,424     -2,913      8,641
  Adjustment to balances........................................         -2  .........  .........  .........  .........  .........  .........  .........
  Fund balance at end of year...................................     16,885     33,264     41,855     48,180     51,607     54,031     51,118     59,759
                                                                 =======================================================================================
  Invested balance..............................................     17,202     33,061     41,855     48,180     51,607     54,031     51,118     59,759
  Uninvested balance............................................       -317        203  .........  .........  .........  .........  .........  .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes on following page.
 

[[Page 299]]

 
* $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 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.
\4\ For years after 1986, SMI receipts for kidney dialysis. For years after 2004, includes medicare refunds, which were shown as offsets to cash outgo
  in years prior to 2005.
\5\ For years after 2008, includes outlays for vocational rehabilitation.
\6\ For years after 2008, outlays for peer review organizations are included in the benefit payments line.
Note: Offsetting collections from Federal sources that are credited to the Old Age and Survivors insurance (OASI) account and to the Supplementary
  Medical insurance (SMI) account are treated as offsets to cash outgo rather than as cash income. As a result, the partial transfer to SMI of Hospital
  Insurance (HI) home health is shown as benefit payments under HI rather than SMI. Similarly, transfers to Medicaid for payment of SMI premiums, which
  began in 2001, are shown as benefits under SMI.