Profits and Balance Sheet Developments at U.S. Commercial Banks in 2007
Figure 5. Financing gap at nonfarm nonfinancial corporations, 1990-2007. Data plotted as a curve. The financing gap ranges between about $20 billion and about $80 billion between 1990 and 1996 and then rises to reach a peak of about $310 billion in 2000. It then falls to reach about negative $20 billion in mid-2004 but rebounds to a positive level of about $40 billion in 2005. The financing gap then falls to about negative $110 billion by early 2006. It then climbs threefold between the third and fourth quarters of 2006, continuing the rise in 2007 with a final value of about $254 billion.
Note: The data are 4-quarter moving averages. The financing gap is the difference between capital expenditures and internally generated funds.
Source: Federal Reserve Board, Statistical Release Z.1, "Flow of Funds Accounts of the U.S," table F. 102.