The Partnership makes loans available to those general partners and, in limited circumstances, subordinated limited partners (in each case, other than members of the Executive Committee, as defined in the Partnership’s Twentieth Amended and Restated Agreement of Registered Limited Liability Limited Partnership, dated August 6, 2018 (the “Partnership Agreement”)), who require financing for some or all of their Partnership capital contributions. In limited circumstances a general partner may withdraw from the Partnership and become a subordinated limited partner while he or she still has an outstanding Partnership loan. It is anticipated that, of the future general and subordinated limited partnership capital contributions (in each case, other than for Executive Committee members) requiring financing, the majority will be financed through Partnership loans. Loans made by the Partnership to such partners are generally for a period of one year but are expected to be renewed and bear interest at the interest rate defined in the loan documents. The Partnership recognizes interest income for the interest earned related to these loans. The outstanding amount of Partnership loans is reflected as a reduction to total Partnership capital. As of June 28, 2019 and December 31, 2018, the outstanding amount of Partnership loans was $399 and $332, respectively. Interest income earned from these loans, which is included in interest and dividends in the Consolidated Statements of Income, was $5 and $11 for the three and six month periods ended June 28, 2019, respectively, and $4 and $8 for the three and six month periods ended June 29, 2018, respectively.

The following table shows the roll forward of outstanding Partnership loans for:

	Six Months Ended
	June 28,			June 29,
	2019			2018
Partnership loans outstanding at beginning of period	$	332		$	297
Partnership loans issued during the period		164			168
Repayment of Partnership loans during the period		(97	)		(112	)
Total Partnership loans outstanding	$	399		$	353

The minimum 7.5% annual payment on the face amount of limited partnership capital was $23 and $47 for the three and six month periods ended June 28, 2019, respectively, and $16 and $33 for the three and six month periods ended June 29, 2018, respectively. These amounts are included as a component of interest expense in the Consolidated Statements of Income.

The Partnership filed a Registration Statement on Form S-8 with the U.S. Securities and Exchange Commission ("SEC") on January 12, 2018, to register $450 of Interests to be issued pursuant to the Partnership's 2018 Employee Limited Partnership Interest Purchase Plan (the "2018 Plan"). The Partnership issued approximately $380 of Interests under the 2018 Plan on January 2, 2019. The remaining $70 of Interests may be issued under the Plan at the discretion of the Managing Partner in the future.