Since Adrienne LaFrance hadn’t started reporting from Washington, D.C., for us yet, we faxed and mailed our request, along with a check for $2.04 (the reports cost 20 cents a page), on July 21.
The envelope arrived in our mailbox Monday. Here’s what we found out about the Dans’ dough.
As with representatives, senators are not required to disclose salaries. The current annual salary for both positions is $174,000.
Sen. Akaka reported $14,853 in income from the State of Hawaii Employees’ Retirement System. (Akaka is a former educator who later worked in various state agencies.)
Akaka reported $915 in capital gains from the Teachers Insurance & Annuity Association, as well as $2,105 in capital gains from an association blind trust.
He listed two IRAs (one is for his wife, Millie) valued between $1,000 and $15,000, and growth shares with investor Eaton Vance valued between $15,000 and $50,000. The shares generated between $2,500 and $5,000 in capital gains.
The senator has a condominium in Alexandria, Va., valued between $250,000 and $500,000; rent income from the condo was between $5,000 and $15,000. An Akaka Family Estate savings and real estate account shows between $250,000 and $500,000 in assets that generated between $1,000 and $2,500 in dividends and capital gains.
Akaka reported less than $1,000 with Honolulu Federal Credit Union, between $1,000 and $15,000 with First Hawaiian Bank and between $100,000 and $500,000 with the U.S. Senate Federal Credit Union — the last of which generated between $5,000 and $15,000 in interest.
Sen. Inouye reported $1,314 in pension income from the State of Hawaii Employees’ Retirement System. (He served in the Territorial Legislature in the 1950s.)
Inouye had between $1,000 and $15,000 in a Morgan Stanley money market fund, between $15,000 and $50,000 in stock with Central Pacific Financial Corporation (Inouye is a co-founder of CPB) and between $50,000 and $100,000 in a Suntrust checking account.
Inouye lists a 3-acre lot on the Big Island valued between $1,000 and $15,000, and a Series EE U.S. Savings Bond valued between $15,000 and $50,000.
Residences in Honolulu and Bethesda, Md., are each valued between $500,000 and $1 million and are listed under a trust in the name of Inouye’s late wife, Margaret Shinobu Awamura Inouye, who passed away in 2006.
The trust also lists a Morgan Stanley money market fund valued between $1,000 and $15,000.
Inouye’s Wife’s Money
Inouye married Irene Hirano in 2008. She is chair of the board of governors for the Japanese American National Museum in Los Angeles.
According to Inouye’s disclosure report, Hirano received more than $1,000 in salary from the U.S.-Japan Council and more than $1,000 in board advisory fees from the Ford Foundation and the Kresge Foundation.
Hirano has retirement funds with Transamerica and Pacific Life, each valued between $250,000 and $500,000.
She also has a time share mortgage with Marriott Vacation Club in Orange County, Calif., valued between $15,000 and $50,000.
And, Hirano lists a Yasutake Family Trust that includes a Los Angeles residence valued between $100,000 and $250,000, and land in Lockwood, Calif., valued between $500,000 and $1 million.
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