United States yearbook - 1982 (1)

Trust Funds— Credit Markets 253
N o . 4 2 6 . F e d e r a l T r u s t F u n d R e c e i p t s . O u t l a y s , a n d B a l a n c e s : 1 9 7 0 t o 1 9 8 2
[In WIBons o f tfoltarm. For years ending June 30 except, beginning 1977, ending Sept 30; transition quarter July-SepL 1976,
omitted. Receipts based on collections received and deposited. Outlays stated on a checks issued basis, !ess refunds collected.
Balances: That portion of funds authorized for use which have not been spent See text, p. 243 for discussion of the budget
concept and trust funds]
TYPE OF FUND 1970 1975 1976 1977 1978 1979 1980 1981
1982,
est.
Total receipts1.................................................... 59.4 118.6 133.7 152.8 168.0 189.6 213.9 239.4 274.7
OASDI * trust funds...................................................... 36.1 66.7 70.7 81.2 89.6 102.1 117.4 134.6 152.1
Health insurance trust funds......................................... 7.5 16.9 18.5 22.8 27.6 31.7 35.7 46.3 55.9
State and local fiscal assistance trust funds 3.............. (X) 6.2 6.4 6.7 6.9 6.9 6.9 4.6 4.6
Unemployment insurance funds.................................... 4.1 0.2 16.2 16.0 15.2 15.9 16.2 18.1 21.3
Railroad employees retirement funds........................... 1.7 2.8 3.3 3.6 3.9 4.2 4.4 4.7 5.1
Federal employees retirement funds............................ 4.7 11.5 13.2 16.7 17.8 20.5 24.6 28.6 33.3
Airport and airway trust funds...................................... (X) 1.1 1.1 1.4 1.5 1.8 2.3 .6 .7
Highway trust funds..................................................... 5.5 6.8 6.0 7.3 7.6 8.0 7.6 7.4 7.7
Foreign military sales trust funds.................................. .6 4.4 7.3 9.4 8.4 8.5 7.7 9.5 10.8
Veterans life insurance funds....................................... .8 .6 .9 1.0 1.0 1.0 1.1 1.1 1.2
Total outlays4..................................................... 49.1 111.2 131.3 143.3 155.3 171.3 205.1 232.6 262.2
OASDI3 trust funds...................................................... 30.3 64.7 73.9 85.1 93.9 104.1 118.6 139.6 156.6
Health Insurance trust funds......................................... 7,1 14.8 17.8 21.5 25.2 29.1 35.0 42.5 49.6
State and local fiscal assistance trust funds 8....,......... (X) 6.1 6.2 6.8 6.8 6.8 6.8 5.1 4.6
Unemployment Insurance funds................................... 3.6 13.2 17.9 14.1 11.2 11.2 16.4 18.7 25.4
Railroad employees retirement funds........................... 1.6 3.1 3.5 3.8 4.0 4.3 4.7 5.3 5.3
Federal employees retirement funds............................ 2.8 7.1 8.4 9.7 11.0 12.5 14.9 17.9 19.6
Airport and airway trust funds...................................... (X) .8 .5 .9 1.1 1.1 1.2 1.3 1.6
Highway trust funds.......... ........... 4.4 4.8 6.5 6.1 6.1 7.2 9.2 9.2 8.3
Foreign military sales trust funds................................. 1.0 3.5 6.7 8.2 8.1 7,1 8.8 9.9 11.0
Veterans life insurance funds....................................... .8 .8 .7 .6 .7 .1 1.0 1.0 1.0
Balances.............................................................. 97.2 142.6 145.0 162.5 165.2 183.6 192.4 199.2 20B.1
OASDI 9 trust funds...................................................... 37.7 48.2 44.9 39.6 35.4 33.4 32.3 27.2 20.5
Health Insurance trust funds......................................... 2.7 11.3 12.0 13.4 15.8 18.4 18.0 21.8 28.5
Stale and local fiscal assistance trust funds.................
Unemployment trust fund.............................................
(X)
13.1
1.7
7.4
1.8
5.7
1.8
6.5
1.8
10.4
1.8
15.1
1.8
14.9
1.3
14.4
1.3
10.3
4.8 4.3 4.0 3.2 3.1 3.1 2.7 2.0
Federal employees retirement funds............................ 22.5 38.8 43.7 49.9 56.7 64.7 74.3 85.0
(‘)
98.7
Airport and airway trust fund........................................ (X) 2.0 2.6 3.3 3.7 4.4 5.4 4.7 3.8
Highway trust funds.................................................... 2.6 9.6 9.1 10.2 11.7 12.6 11.0 9.3 8.6
.5 2.7 4.6 4J) 6.3 5.2 4.7 4.6
Veterans life insurance funds......................... ............. 7.1 7.7 7.8 8.0 8.3 8.4 8.5 8.6 8.8
Other trust funds (nonrevofvfng)................................... .6 .7 .8 .9 1 .0 1 .3 f.7 2 .3 2 .9
Trust revolving funds................................................... 5.5 8.9 9.9 11.2 12.5 14.1 15.5 17.7 20.1
X Not applicable. 1 After deductions for intrafund transactions, proprietary receipts from public, receipts from off-budget
Federal agencies, and receipts and outlays from trust funds, not shown separately. 1 Old-age, survivors, and disability
insurance. 3 Deposits for general revenue sharing. 4 After deductions for intrafund transactions, proprietary receipts from
public, receipts from off-budget Federal agencies, and trust revolving funds on net basis (outlays (ess receipts). ‘ Payments for
general revenue sharing. *Under proposed legislation, as of Sept. 30, 1962, the ownership of the assets of the Railroad
account is to be transferred to a newly created private rail industry pension corporation.
Source: U.S. Office of Management and Budget, S p e c ia l A n a ly s e s , B u d g e t o f th e U n ite d S ta te s G o v e rn m e n t annual.
No. 427. Fed eral Pa r ticipatio n in Do m estic Cred it Markets: 1970 to 1982
[In billions of dollars, except percent. See headnote, table 423. Federal credit programs are primarily in three forms: direct loans
from the Federal government, Federal guarantees of private lending, and lending by privately owned Government-sponsored
enterprises. Credit programs provide credit in private capital markets to certain classes of borrowers, or on special terms and
conditions, or for special activities. An element of subsidy is involved since Government assistance is given on terms or
conditions more favorable than would have occurred in private capital markets]
TYPE OF PARTICIPATION 1970 1975 1976 1977 1978 1979 1980 1981
1982,
est.
Total funds advanced In U.S. credit markets,
Direct loan's:
'174.4
27.0
241.8
26.9
11.1
310.8
36.7
11.8
378.9
58.4
15.4
412.9 342.5 407.8 (NA)
79.9 86.5 114.9
17.7 23.3 21.2 (NA)
(NA) 5.8 4.2 2.6
6.0 9.5 6.2 4.5
7.0 6.7 9.0 11.2 13.8 14.7 20.9 16.4
8.6 11.1 13.5 13.4 25.2 31.6 28.0 44.0
56 4.9 11.7
28.1 24.1 32.4 50.1
86.6 241.5 310.8 378.9 412.9 342.5 407.8 (NA)
16.5 64.8 98.1 79.0 93.9 80.7 123.5 142.1 206.0
18.5 37.2
25.4
19.5 36.1 34.8 (NA)
3.8 50.9 82.9 53.5
33.6 70.5 79.3 115.4
7.8 6.6 11.1
13.4 25.2 31.6 28.0 44.0
Government-sponsored enterprise borrowing — ...i 4.9 5.3 4.1 12.0 21.4 21.9 21.4 34.8 46.6
NA Not available. 1Nonftnandal sectors. 3 Estimated.
Source: U.S. Office of Management and Budget, S p e c ia l A n a ly s e s , B u d g e t o f th e U n ite d S ta te s G o v e rnme n t, annual.