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Press Office \
999 E Street, N.W., Washington, D.C. 20463
Phone: Local 376-3155 Toll Free 800-424-9530

FOR IMMEDIATE RELEASE CONTACT: FRED EILAND
AUGUST 25, 1989 SHARON SNYDER
SCOTT MOXLEY

FEC RELEASES FINAL REPORT ON 1988 PRESIDENTIAL PRIMARY CAMPAIGNS

WASHINGION — The Federal Election Commission has released its final statistical
report on the 1988 Presidential Pre-Nomination campaigns.

The report summarizes the primary campaigns of sixteen candidates who received
primary matching funds, including nine democrats, six republicans and one minor party
candidate. .

Reports filed by the campaigns showed receipts of $253 million, and spending of
$250 million, including legal and accounting expenses, which did not count toward the
spending limits imposed under the public funding law. When transfers, loan and
contribution refunds, and rebates are subtracted, the campaigns' "adjusted" receipts
were actually $214 million and spending totalled $211 million.

Sixty-six million dollars in federal matching funds accounted for 31% of
adjusted receipts; individual contributors gave $141 million, or 66%} and PAC dollars
amounted to $3 million, or 1.43%. A

Independent expenditures on behalf of presidential candidates totalled $10.7
million, while negative spending totalled $3.4 million.

Partisan communications reported by corporations and unions were $2.2 million,
while reports by unauthorized delegates and their committees totalled $.1 million.

The following are comparative figures for federally funded primary campaigns
from 1976 through 1988:

1988 1984 1980 1976
Number of Candidates 16 1 10 15
Adjusted Receipts $213.8 $105.0 $94.2 $67.9
Individuals $141.1 66.00% $62.8 59.81% $61.0 64.76% $42.5 62.59%
Federal Funds $65.7 30.73% $34.9 33.24% $30.9 32.80% $24.3 35.79%
PAC's $3.0 1.42% $1.3 1.24% $1.4 1.49% $0.8 1.18%
Adjusted Disbursements $210.7 $103.6 $92.3 $66.9

—more-


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FOOINOTES

Net Receipt and Disbursement figures do not include transfers of funds
made between committees within a campaign.

Adjusted Receipt and Disbursement figures do not include transfers,
(mentioned above), contribution and loan refunds, or refunds and rebates
(offsets to expenditures) received by the campaigns.

The column "Other Cmtes" contains PAC contributions and contributions
from other candidates' campaign committees. In addition, four campaigns
transferred monies from previously authorized committees:

Dole

Total includes $1.15 million transferred from the Dole
for Senate committee.

Kemp ——— Total includes $490,000 from Victory '88 (formerly
Kemp Superbowl Brunch).

Dukakis -- Total includes $394,300 from Dukakis Gubernatorial
Committee.

Gephardt - Total includes $140,000 transferred from Gephardt in
Congress Committee.

Other candidates' campaign contributions and transfers, when added to
PAC contributions, totals $5.4 million. PAC contributios alone
totalled $3.0 million. This amount can be determined by consulting
Tables Al and A6 of the Report.


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?ALIALLOW ‘TWIONWNIA RIWWANS - SNDIVdWWO TWIENACISHad 886T



Various charts and graphs depict receipts of each campaign by source and time
period. Tables provide detailed summary information on the finances of each
campaign. State spending reported by each campaign is charted, as are individual
contributions. Finally, the activity of the campaigns for the first six months of
1989 is presented in Appendix I, while Appendix II graphically shows monthly
expenditures of those campaigns which approached spending ceilings for the 1988 and
1980 presidential primary contests.

Copies of the FEC Reports on Financial Activity 1987-1988, Final Report,
Presidential Pre-Nomination Campaigns are available for purchase from the FEC's
Public Records Office, 999 E Street, N.W., Washington, D.C. 20463. The cost is
$1.00.



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