Investment of the Social Security Trust Funds: Hearing Before the Subcommittee on Social Security of the Committee on Ways Ang Means, House of Representatives, Ninety-seventh Congress, First Session, October 16, 1981U.S. Government Printing Office, 1981 - 38 pages |
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$1 billion actuarial advantage appropriate ARCHER average market yield average market-yield rate benefits BILL GRADISON billion dollars bonds borrow cash needs Chairman PICKLE current high interest discretion Federal funds deficit GEPHARDT governing the investment Government obligations Government securities high interest rates highest current yield increase the deficit Insurance Trust Fund interest basis interest income investment policy investment procedure J. J. PICKLE JACOBS June 30 long-term rates longer term securities lowest yielding managing trustee market rate maturity dates MYERS OASDI OASI obligations issued Old-Age and Survivors proposal prudent investor purchased question rate of return redeem the lowest redemption rity Secretary security trust funds sell short-term rates shorter term securities Social Security Administration social security fund social security trust special issues STALNECKER statutory taxes Thank total portfolio Treas Treasury securities Treasury's trust fund assets trust fund investment U.S. Government unified budget WYCHE FOWLER yielding securities