[ THE FEDERAL RESERVE BANK OF ST. LOUIS ] [ 1996 ANNUAL REPORT ]



President's Message
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How It All Started
The Origins of Social Security
The Success of Public Pension Systems
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How It Works
The Operation of Public Pension Systems
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Keeping It Going
Keeping The System Afloat
Will We Have Enough Contributors to Support the Beneficiaries?
Will Real Wages Grow Fast Enough?
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What We Can Do
Fixing the Social Security Problem
Reform Proposals
Maintain the Pay-as-you-go Structure
Move to a More Fully Funded System
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Conclusion
Conclusion
The U.S. Advisory Council on Social Security: A Group Divided
More Information
Balance Sheet
Statement of Income and Expenses
Operating Statistics
Board of Directors
Economic Advisory Council/Bank Officers
Sources
1996 Annual Report as a single file 22 printed pages