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| Income Statement of Employee Stock Ownership Plans
(ESOPs) with 100 or More Participants by leveraged status, 1995 (amounts in millions) |
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| Income and Expenses | Total ESOPs | Nonleveraged ESOPs | Leveraged ESOPs |
INCOME |
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| Contributions received or receivable from: | |||
| Employers | $7,234 | $2,051 | $5,183 |
| Participants | 7,708 | 2,099 | 5,609 |
| Others | 375 | 80 | 295 |
| Noncash contributions | 359 | 140 | 219 |
| Total contributions | 15,677 | 4,371 | 11,306 |
Interest earnings |
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| Interest-bearing cash | 666 | 270 | 396 |
| Certificates of deposit | 11 | 5 | 6 |
| U.S. Government securities | 95 | 22 | 73 |
| Corporate debt instruments | 184 | 13 | 171 |
| Mortgage loans | 1 | 1 | 1/ |
| Other loans | 161 | 35 | 127 |
| Other or unspecified interest | 900 | 144 | 756 |
| Total interest earnings | 2,020 | 490 | 1,530 |
Dividends |
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| Preferred stock | 873 | 82 | 791 |
| Common stock | 2,939 | 760 | 2,179 |
| Total dividend income | 3,812 | 842 | 2,970 |
| Rents | 20 | 3 | 17 |
| Net gain (loss) on sale of assets | 1,839 | 499 | 1,339 |
| Unrealized appreciation (depreciation) of assets | 24,979 | 5,129 | 19,850 |
| Net investment gain (loss) from common/collective trusts | 1,413 | 610 | 803 |
| Net investment gain (loss) from pooled separate accounts | 209 | 40 | 168 |
| Net investment gain (loss) from master trusts | 12,544 | 1,239 | 11,305 |
| Net investment gain (loss) from 103-12 investment entities | 8 | 6 | 2 |
| Net investment gain (loss) from registered investment companies | 1,250 | 435 | 815 |
| Other or unspecified income | 592 | 71 | 521 |
| TOTAL INCOME | 64,362 | 13,736 | 50,626 |
EXPENSES |
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| Benefit payments and payments to provide benefits | |||
| Direct benefits | 16,087 | 5,106 | 10,981 |
| Payments to insurance carriers | 22 | 2 | 20 |
| Other benefits | 517 | 87 | 430 |
| Total payments | 16,626 | 5,195 | 11,431 |
| Interest expense | 2,182 | 125 | 2,057 |
Administrative expenses |
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| Salaries and allowances | 1 | 1 | 1 |
| Accounting fees | 4 | 1 | 2 |
| Actuarial fees | 1 | 1/ | 1/ |
| Contract administrator fees | 13 | 4 | 9 |
| Investment advisory and management fees | 31 | 13 | 18 |
| Legal fees | 2 | 1 | 1 |
| Valuation/appraisal fees | 1 | 1 | 1 |
| Trustee fees/expenses | 34 | 9 | 25 |
| Other administrative expenses | 118 | 13 | 105 |
| Total administrative expenses | 205 | 43 | 162 |
| Other or unspecified expenses | 15 | 1/ | 15 |
| TOTAL EXPENSES | 19,028 | 5,362 | 13,665 |
NET INCOME |
45,334 | 8,373 | 36,961 |
| 1/ Less than
$500,000. SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1995. |
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