Report to the Congress on the Availability of Credit to Small Businesses
Submitted to the Congress pursuant to section 2227 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996
October 2007
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Figure 1
Total Debt and Equity of Nonfinancial Businesses, 1980-2007
| Year | Percent |
|---|---|
| 1980 | 10.02 |
| 1981 | 12.86 |
| 1982 | 9.19 |
| 1983 | 9.10 |
| 1984 | 16.16 |
| 1985 | 11.00 |
| 1986 | 11.45 |
| 1987 | 7.68 |
| 1988 | 9.84 |
| 1989 | 6.09 |
| 1990 | 3.61 |
| 1991 | -2.24 |
| 1992 | -0.19 |
| 1993 | 0.39 |
| 1994 | 3.74 |
| 1995 | 7.22 |
| 1996 | 6.23 |
| 1997 | 9.02 |
| 1998 | 12.31 |
| 1999 | 10.63 |
| 2000 | 9.20 |
| 2001 | 5.93 |
| 2002 | 2.46 |
| 2003 | 2.59 |
| 2004 | 5.79 |
| 2005 | 7.60 |
| 2006 | 9.61 |
| 2007:Q1 | 9.05 |
Note. Data are annual. Data for 2007 are based on Q1 only.
Source. Federal Reserve Board, flow of funds accounts.
| Year | Percent |
|---|---|
| 1980 | 52.99 |
| 1981 | 53.12 |
| 1982 | 55.65 |
| 1983 | 56.53 |
| 1984 | 59.11 |
| 1985 | 61.08 |
| 1986 | 64.35 |
| 1987 | 65.90 |
| 1988 | 66.82 |
| 1989 | 66.09 |
| 1990 | 64.68 |
| 1991 | 61.08 |
| 1992 | 57.73 |
| 1993 | 55.35 |
| 1994 | 54.15 |
| 1995 | 55.50 |
| 1996 | 55.80 |
| 1997 | 57.24 |
| 1998 | 61.03 |
| 1999 | 64.12 |
| 2000 | 66.11 |
| 2001 | 67.71 |
| 2002 | 67.11 |
| 2003 | 65.97 |
| 2004 | 65.31 |
| 2005 | 66.08 |
| 2006 | 68.08 |
| 2007:Q1 | 67.80 |
Note. Data are annual. Data for 2007 are based on Q1 only.
Source. Federal Reserve Board, flow of funds accounts.
| Year | Private issuance1 | Public issuance | Total gross issuance |
|---|---|---|---|
| 1980 | 0.00 | 17.43 | 17.43 |
| 1981 | 0.26 | 20.77 | 21.03 |
| 1982 | 0.20 | 23.89 | 24.09 |
| 1983 | 0.85 | 36.80 | 37.65 |
| 1984 | 2.17 | 12.96 | 15.14 |
| 1985 | 2.45 | 19.34 | 21.79 |
| 1986 | 4.51 | 30.18 | 34.70 |
| 1987 | 4.66 | 27.85 | 32.51 |
| 1988 | 9.32 | 13.76 | 23.07 |
| 1989 | 6.18 | 12.97 | 19.15 |
| 1990 | 18.68 | 12.20 | 30.89 |
| 1991 | 16.64 | 44.48 | 61.12 |
| 1992 | 38.21 | 48.34 | 86.55 |
| 1993 | 20.01 | 55.63 | 75.64 |
| 1994 | 22.75 | 34.52 | 57.26 |
| 1995 | 21.27 | 46.93 | 68.21 |
| 1996 | 38.33 | 75.93 | 114.26 |
| 1997 | 58.23 | 56.16 | 114.39 |
| 1998 | 83.42 | 69.71 | 153.14 |
| 1999 | 118.15 | 104.68 | 222.83 |
| 2000 | 172.53 | 113.21 | 285.75 |
| 2001 | 95.59 | 71.35 | 166.94 |
| 2002 | 59.62 | 60.94 | 120.56 |
| 2003 | 75.81 | 44.28 | 120.09 |
| 2004 | 74.39 | 63.72 | 138.12 |
| 2005 | 85.24 | 54.71 | 139.96 |
| 2006 | 121.95 | 55.99 | 177.94 |
| 2007:Q1 | 156.00 | 63.00 | 219.00 |
Note. Data are annual. Data for 2007 are based on Q1 only.
1. Includes venture capital, buyouts, corporate finance, mezzanine, and other private equity investments. Return to table
Source. Securities Data Company, Private Equity Analyst, and Venture Capital Association MoneyTree Survey.