...document of the session of the Congress to which the report is made. INVESTMENT.— It shall be the duty of the Secretary of the Treasury to invest such portion...obligations guaranteed as to both principal and interest the United States. For such purpose such obligations may be Trust fund balance, start ol fiscal year...

...Social Security Act gives the investing authority to the Secretary of the Treasury and states that "Such investments may be made only in interest-bearing...both principal and interest by the United States." This was done to safeguard these funds and to assure their liquidity when needed. The losses that had...

...CURRENT DISBURSEMENTS MAY BE INVESTED AND REINVESTED BY THE SECRETARY OF THE TREASURY IN INTEREST BEARING OBLIGATIONS OF THE UNITED STATES OR IN OBLIGATIONS...BOTH PRINCIPAL AND INTEREST BY THE UNITED STATES." THE CURRENT INVESTMENTS WHICH CONSIST OF US TREASURY BONDS AND TREASURY BILLS TOTAL $1.857,000. THE...

...INVESTMENT. — (A) IN GENERAL. — It shall bo the duty of the Secretary to invest such portion of tho Trust Fund as is not. in his judgment, required to meet current withdrawals. Such investments may bo made, only in interest-bearing obligations of the United States. For siK,h purpose, such obligations...

...the session of the Congress to which the report is made. (16 USC 1606a) (2) (A) It shall be the duty of the Secretary of the Treasury to invest such portion...For such purpose, such obligations may be acquired (i) on original issue at the issue price, or (ii) by purchase of outstanding obligations at the market...

...trust funds not needed to meet current benefit payments and administrative expenses may be invested in interest-bearing obligations of the United States...both principal and interest by the United States. The laws authorize the Secretary of the Treasury to issue special, nonmarketable public debt obligations...

...benefits or administrative expenses and any amounts not required for these purposes have to be invested "only in interest-bearing obligations of the United...both principal and interest by the United States." S 201(d); 42 USCA SS 401(d), 402. There appears to be no warrant in the language of that Act that would...

...fiscal year. (c) INVESTMENT. — It shall be the duty of the Secretary to invest such portion of the Fund as is not, in his judgment, required to meet...interest-bearing obligations of the United States. For such purpose, such obligations may be acquired — (1) on original issue at the issue price, or...

...required for current disbursements may be invested and reinvested by the Secretary of the Treasury in interest-bearing obligations of the United States...both principal and interest by the United States. APPENDIX ECTIONS 2-12 OF PUBLIC LAW 85-857, THE ACT ENACTING TITLE 38, UNITED STATES CODE EFFECTIVE...

...Secretary of the Treasury for the benefit of the Service, and he may invest and reinvest such funds in interestbearing obligations of the United States...both principal and interest by the United States. Such gifts and the income from such investments shall be available for expenditure in the operation...