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<h1>Trust Fund Operations, Fiscal Years 1940-76</h1><span style="background-color: #ffff99"> &nbsp; Historical document &nbsp;</span><!-- #EndEditable -->
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<caption><b>Old-Age, Survivors, and Disability Insurance Trust Funds,
Fiscal Years 1940-1976</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>receipts</th>
<th align="right" width="23%" rowspan="2" scope="col">Total<br>expenditures</th>
<th align="center" width="44%" colspan="2">Assets</th>
</tr>
<tr valign="bottom" align="right">
<th scope="col" abbr="Asset change">Net increase<br>during year</th>
<th scope="col" abbr="End-of-year assets">Amount at<br>end of year</th>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1940</td>
<td>$592</td>
<td>$28</td>
<td>$564</td>
<td>$1,745</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1941</td>
<td>744</td>
<td>91</td>
<td>653</td>
<td>2,398</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1942</td>
<td>967</td>
<td>137</td>
<td>830</td>
<td>3,227</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1943</td>
<td>1,218</td>
<td>177</td>
<td>1,041</td>
<td>4,268</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1944</td>
<td>1,395</td>
<td>217</td>
<td>1,178</td>
<td>5,446</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1945</td>
<td>1,434</td>
<td>267</td>
<td>1,167</td>
<td>6,613</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1946</td>
<td>1,386</td>
<td>358</td>
<td>1,028</td>
<td>7,641</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1947</td>
<td>1,623</td>
<td>466</td>
<td>1,157</td>
<td>8,798</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1948</td>
<td>1,807</td>
<td>559</td>
<td>1,248</td>
<td>10,047</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1949</td>
<td>1,924</td>
<td>661</td>
<td>1,263</td>
<td>11,310</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1950</td>
<td>2,367</td>
<td>784</td>
<td>1,583</td>
<td>12,893</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1951</td>
<td>3,411</td>
<td>1,569</td>
<td>1,843</td>
<td>14,736</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1952</td>
<td>3,932</td>
<td>2,067</td>
<td>1,864</td>
<td>16,600</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1953</td>
<td>4,483</td>
<td>2,717</td>
<td>1,766</td>
<td>18,366</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1954</td>
<td>5,028</td>
<td>3,353</td>
<td>1,676</td>
<td>20,043</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1955</td>
<td>5,525</td>
<td>4,427</td>
<td>1,098</td>
<td>21,141</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1956</td>
<td>6,929</td>
<td>5,478</td>
<td>1,452</td>
<td>22,593</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1957</td>
<td>7,439</td>
<td>6,666</td>
<td>773</td>
<td>23,366</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1958</td>
<td>8,766</td>
<td>8,221</td>
<td>546</td>
<td>23,912</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1959</td>
<td>9,033</td>
<td>9,736</td>
<td>-703</td>
<td>23,208</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1960</td>
<td>11,394</td>
<td>11,606</td>
<td>-212</td>
<td>22,996</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1961</td>
<td>12,906</td>
<td>12,498</td>
<td>409</td>
<td>23,405</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1962</td>
<td>13,085</td>
<td>14,356</td>
<td>-1,272</td>
<td>22,133</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1963</td>
<td>14,986</td>
<td>15,786</td>
<td>-800</td>
<td>21,333</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1964</td>
<td>17,253</td>
<td>16,623</td>
<td>630</td>
<td>21,963</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1965</td>
<td>17,681</td>
<td>17,456</td>
<td>224</td>
<td>22,187</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1966</td>
<td>20,071</td>
<td>20,700</td>
<td>-629</td>
<td>21,558</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1967</td>
<td>25,703</td>
<td>21,725</td>
<td>3,979</td>
<td>25,537</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1968</td>
<td>26,440</td>
<td>23,859</td>
<td>2,581</td>
<td>28,118</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1969</td>
<td>31,054</td>
<td>27,303</td>
<td>3,750</td>
<td>31,868</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1970</td>
<td>36,127</td>
<td>30,275</td>
<td>5,852</td>
<td>37,720</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1971</td>
<td>38,893</td>
<td>35,874</td>
<td>3,019</td>
<td>40,739</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1972</td>
<td>43,208</td>
<td>40,158</td>
<td>3,050</td>
<td>43,789</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1973</td>
<td>49,586</td>
<td>49,090</td>
<td>496</td>
<td>44,285</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1974</td>
<td>57,704</td>
<td>55,869</td>
<td>1,835</td>
<td>46,120</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">1975</td>
<td>66,677</td>
<td>64,658</td>
<td>2,018</td>
<td>48,138</td>
</tr>
<tr bgcolor="#eeeeee" valign="bottom" align="right">
<td align="left">1976</td>
<td>70,682</td>
<td>73,901</td>
<td>-3,219</td>
<td>44,919</td>
</tr>
<tr valign="bottom" align="right">
<td align="left">July-Sept<br />1976</td>
<td>18,359</td>
<td>19,764</td>
<td>-1,405</td>
<td>43,514</td>
</tr>
<tr align=left>
<td colspan=5><small>Notes: Fiscal years before 1977 began July 1.
The quarter July-September 1976 was a transition quarter to the
current fiscal year definition. <a href="fyOps.html"><strong>Fiscal
years after 1976</strong></a> begin October 1.<br />
The <a href="describedi.html">Disability Insurance Trust Fund</a>
began operations in calendar year 1957 and is thus included above
for fiscal years 1957-76; amounts before 1957 are for the
<a href="describeoasi.html">Old-Age and Survivors Insurance
Trust Fund</a> only.</small></td></tr>
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