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FEDERAL OLD-AGE AND SURVIVORS

INSURANCE TRUST FUND

LETTER

FROM THE

BOARD OF TRUSTEES OF THE FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND

TRANSMITTING

PURSUANT TO LAW THE EIGHTH ANNUAL REPORT

OF THE BOARD OF TRUSTEES OF THE
FEDERAL OLD-AGE AND SURVIVORS

INSURANCE TRUST FUND

MAY 25 (legislative day, MAY 20), 1948.—Referred to the Committee on

Finance and ordered to be printed, with illustrations

[blocks in formation]

LETTER OF TRANSMITTAL

BOARD OF TRUSTEES OF THE FEDERAL
OLD-AGE AND SURVIVORS INSURANCE TRUST FUND,

Washington, D. C., March 9, 1948.
The PRESIDENT OF THE SENATE,
The SPEAKER OF THE HOUSE OF REPRESENTATIVES,

Washington, D. C.
Sirs: We have the honor to transmit to you the Eighth Annual
Report of the Board of Trustees of the Federal Old-Age and Survivors
Insurance Trust Fund, in compliance with the provisions of section
201 (b) of the Social Security Act, as amended.
Respectfully,

John W. SNYDER,
Secretary of the Treasury, and
Managing Trustee of the Trust Fund.
L. B. SCHWELLENBACH,

Secretary of Labor.
OSCAR R. EWING,
Federal Security Administrator.

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