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<!-- #BeginEditable name="pagetitle" --><h2 class="center">Fiscal Year Trust Fund Operations</h2><!-- #EndEditable -->
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<p><a href="../index.html">Office of the Chief Actuary </a> </p>
<p><a href="allOps.html">Financial data for a selected time period</a></p>
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<p>The table below begins with fiscal year 1977,
the first fiscal year to begin on October 1.
<a href="oldfyOps.html">Prior fiscal years</a> began July 1.</p>
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<table width="100%" border="0" cellspacing="0" cellpadding="4" summary="formatting">
<tbody>
<tr valign="top">
<td class="grayruled-td"><p><center>
<table width="98%" border="1" bordercolor="#4499cc" cellpadding="1" cellspacing="0">
<caption><b>Old-Age, Survivors, and Disability Insurance Trust Funds,
Fiscal Years 1977-2024</b><br>[In millions]</caption>
<tr valign="bottom">
<th align="left" width="10%" rowspan="2" scope="col">Fiscal<br>year</th>
<th align="right" width="23%" rowspan="2" scope="col">Total<br>income</th>
<th align="right" width="23%" rowspan="2" scope="col">Total<br>cost</th>
<th align="center" width="44%" colspan="2">Asset Reserves</th>
</tr>
<tr valign="bottom">
<th align="right" scope="col" abbr="Asset change">Net
increase<br>during year <sup><small><a href="#fn1">1</a></th>
<th align="right" scope="col" abbr="End-of-year assets">Amount
at<br>end of year</th>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align="left" valign="bottom">1977</td>
<td>$81,170</td>
<td>$85,068</td>
<td>-$3,898</td>
<td>$39,615</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1978</td>
<td>89,595</td>
<td>93,861</td>
<td>-4,265</td>
<td>35,350</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1979</td>
<td>102,090</td>
<td>104,073</td>
<td>-1,983</td>
<td>33,367</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1980</td>
<td>117,428</td>
<td>118,548</td>
<td>-1,121</td>
<td>32,246</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1981</td>
<td>134,565</td>
<td>139,585</td>
<td>-5,019</td>
<td>27,226</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1982</td>
<td>148,028</td>
<td>155,964</td>
<td>-7,936</td>
<td>19,290</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1983</td>
<td>170,280</td>
<td>170,058</td>
<td>12,660</td>
<td>31,950</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1984</td>
<td>178,461</td>
<td>178,199</td>
<td>262</td>
<td>32,212</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1985</td>
<td>197,865</td>
<td>188,504</td>
<td>7,538</td>
<td>39,750</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1986</td>
<td>215,461</td>
<td>198,730</td>
<td>6,117</td>
<td>45,867</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1987</td>
<td>226,893</td>
<td>207,323</td>
<td>19,570</td>
<td>65,437</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1988</td>
<td>258,090</td>
<td>219,290</td>
<td>38,800</td>
<td>104,237</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1989</td>
<td>284,936</td>
<td>232,491</td>
<td>52,445</td>
<td>156,682</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1990</td>
<td>306,822</td>
<td>248,605</td>
<td>58,217</td>
<td>214,900</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1991</td>
<td>322,611</td>
<td>269,096</td>
<td>53,515</td>
<td>268,415</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1992</td>
<td>338,270</td>
<td>287,524</td>
<td>50,746</td>
<td>319,161</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1993</td>
<td>351,354</td>
<td>304,566</td>
<td>46,788</td>
<td>365,949</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1994</td>
<td>376,307</td>
<td>319,551</td>
<td>56,757</td>
<td>422,706</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1995</td>
<td>396,276</td>
<td>335,830</td>
<td>60,446</td>
<td>483,152</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1996</td>
<td>416,064</td>
<td>349,654</td>
<td>66,410</td>
<td>549,562</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1997</td>
<td>446,553</td>
<td>365,238</td>
<td>81,316</td>
<td>630,878</td>
</tr>
<tr align="right">
<td align=left valign=bottom>1998</td>
<td>478,608</td>
<td>379,291</td>
<td>99,318</td>
<td>730,195</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>1999</td>
<td>514,731</td>
<td>390,019</td>
<td>124,712</td>
<td>854,908</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2000</td>
<td>561,251</td>
<td>409,404</td>
<td>151,847</td>
<td>1,006,754</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2001</td>
<td>595,913</td>
<td>432,926</td>
<td>162,987</td>
<td>1,169,741</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2002</td>
<td>614,977</td>
<td>455,910</td>
<td>159,067</td>
<td>1,328,808</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2003</td>
<td>630,253</td>
<td>474,721</td>
<td>155,532</td>
<td>1,484,340</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2004</td>
<td>646,628</td>
<td>495,525</td>
<td>151,103</td>
<td>1,635,443</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2005</td>
<td>696,757</td>
<td>523,279</td>
<td>173,478</td>
<td>1,808,922</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2006</td>
<td>733,728</td>
<td>548,492</td>
<td>185,237</td>
<td>1,994,158</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2007</td>
<td>771,772</td>
<td>585,311</td>
<td>186,461</td>
<td>2,180,619</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2008</td>
<td>802,689</td>
<td>617,017</td>
<td>185,672</td>
<td>2,366,291</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2009</td>
<td>807,007</td>
<td>669,686</td>
<td>137,321</td>
<td>2,503,612</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2010</td>
<td>787,961</td>
<td>706,250</td>
<td>81,710</td>
<td>2,585,323</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2011</td>
<td>798,735</td>
<td>730,721</td>
<td>68,014</td>
<td>2,653,336</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2012</td>
<td>837,827</td>
<td>773,247</td>
<td>64,580</td>
<td>2,717,916</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2013</td>
<td>850,930</td>
<td>813,311</td>
<td>37,619</td>
<td>2,755,536</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2014</td>
<td>877,401</td>
<td>850,312</td>
<td>27,088</td>
<td>2,782,624</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2015</td>
<td>913,284</td>
<td>887,698</td>
<td>25,586</td>
<td>2,808,210</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2016</td>
<td>950,185</td>
<td>916,035</td>
<td>34,150</td>
<td>2,842,360</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2017</td>
<td>991,922</td>
<td>944,737</td>
<td>47,185</td>
<td>2,889,545</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2018</td>
<td>992,712</td>
<td>988,049</td>
<td>4,663</td>
<td>2,894,208</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2019</td>
<td>1,051,053</td>
<td>1,044,540</td>
<td>6,513</td>
<td>2,900,721</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2020</td>
<td>1,102,958</td>
<td>1,095,435</td>
<td>7,524</td>
<td>2,908,245</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2021</td>
<td>1,080,377</td>
<td>1,134,760</td>
<td>-54,383</td>
<td>2,853,862</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2022</td>
<td>1,203,100</td>
<td>1,218,641</td>
<td>-15,541</td>
<td>2,838,320</td>
</tr>
<tr align="right" bgcolor="#eeeeee">
<td align=left valign=bottom>2023</td>
<td>1,332,948</td>
<td>1,354,566</td>
<td>-21,618</td>
<td>2,816,703</td>
</tr>
<tr align="right">
<td align=left valign=bottom>2024</td>
<td>1,404,401</td>
<td>1,460,930</td>
<td>-56,529</td>
<td>2,760,174</td>
</tr>
<tr align="left">
<td colspan="5"><small><sup><a name="fn1">1</a></sup>
The annual net increase in the funds is the change in the asset reserves from
the end of one year to the end of the next. In fiscal year 1983, the
Old-Age and Survivors Insurance Trust Fund borrowed money from the Hospital
Insurance Trust Fund, and repaid the borrowed amounts in 1985 and 1986.
For each of these years, the net increase in the funds is equal
to total income less total cost, plus amounts borrowed or
less amounts repaid.</small></td></tr>
</table></p></td>
</tr>
</tbody></table>
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