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| Income Statement of Employee Stock Ownership Plans (ESOPs) with 100 or More Participants by leveraged status, 1996 (amounts in millions) |
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| Income and Expenses | Total ESOPs | Nonleveraged ESOPs | Leveraged ESOPs |
| INCOME | |||
| Contributions received or receivable from: | |||
| Employers | $7,683 | $2,391 | $5,292 |
| Participants | 8,844 | 2,256 | 6,588 |
| Others | 262 | 160 | 102 |
| Noncash contributions | 225 | 150 | 76 |
| Total contributions | 17,015 | 4,957 | 12,058 |
| Interest earnings: | |||
| Interest-bearing cash | 570 | 316 | 254 |
| Certificates of deposit | 17 | 6 | 11 |
| U.S. Government securities | 133 | 13 | 120 |
| Corporate debt instruments | 216 | 9 | 207 |
| Mortgage loans | 2 | 1 | 1 |
| Other loans | 177 | 44 | 132 |
| Other or unspecified interest | 936 | 164 | 772 |
| Total interest earnings | 2,051 | 554 | 1,497 |
| Dividends: | |||
| Preferred stock | 1,205 | 127 | 1,078 |
| Common stock | 3,256 | 840 | 2,415 |
| Total dividend income | 4,461 | 968 | 3,493 |
| Rents | 4 | 4 | 1/ |
| Net gain (loss) on sale of assets | 2,540 | 722 | 1,818 |
| Unrealized appreciation (depreciation) of assets | 25,652 | 5,911 | 19,742 |
| Net investment gain (loss) from common/collective trusts | 1,842 | 632 | 1,210 |
| Net investment gain (loss) from pooled separate accounts | 304 | 20 | 284 |
| Net investment gain (loss) from master trusts | 8,539 | 1,522 | 7,017 |
| Net investment gain (loss) from 103-12 investment emtities | $27 | $17 | $10 |
| Net investment gain (loss) from registered investment companies | 1,550 | 506 | 1,044 |
| Other or unspecified income | 934 | 149 | 785 |
| TOTAL INCOME | 64,920 | 15,961 | 48,958 |
| a | |||
| EXPENSES | |||
| Benefit payments and payments to provide benefits: | |||
| Direct benefits | 21,138 | 6,231 | 14,907 |
| Payments to insurance carriers | 51 | 2 | 49 |
| Other benefits | 503 | 125 | 378 |
| Total payments | 21,692 | 6,358 | 15,334 |
| Interest expense | 2,118 | 119 | 1,999 |
| Administrative expenses: | |||
| Salaries and allowances | 4 | 1 | 3 |
| Accounting fees | 5 | 2 | 3 |
| Actuarial fees | 2 | 1 | 1 |
| Contract administrator fees | 22 | 6 | 15 |
| Investment advisory and management fees | 45 | 19 | 26 |
| Legal fees | 1 | 1/ | 1 |
| Valuation/appraisal fees | 2 | 1 | 1 |
| Trustee fees/expenses | 34 | 11 | 23 |
| Other administrative expenses | 132 | 22 | 110 |
| Total administrative expenses | 246 | 62 | 183 |
| Other or unspecified expenses | 62 | 1/ | 62 |
| TOTAL EXPENSES | 24,119 | 6,540 | 17,579 |
| NET INCOME | 40,801 | 9,421 | 31,380 |
| 1/ Less than $500,000. |
| SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |
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