Chart 1: C&I Loan Volume Is Driven by Capital Expenditures, Acquisitions, and Other Spending Relative to Business's Internal Funds | ||
Quarter and year | Adjusted Financing Gap (Four-Quarter Moving Average) |
Commercial and Industrial Loans (FDIC-Insured Institutions, dollars in billions) |
Q1 1984 | 544.16 |
|
Q2 1984 | 565.14 |
|
Q3 1984 | 566.41 |
|
Q4 1984 | 39,278 |
581.92 |
Q1 1985 | 37,824 |
587.22 |
Q2 1985 | 33,648 |
591.21 |
Q3 1985 | 28,988 |
596.39 |
Q4 1985 | 30,323 |
601.78 |
Q1 1986 | 30,183 |
605.74 |
Q2 1986 | 31,053 |
608.41 |
Q3 1986 | 32,045 |
601.50 |
Q4 1986 | 31,021 |
633.27 |
Q1 1987 | 27,751 |
617.65 |
Q2 1987 | 24,396 |
615.85 |
Q3 1987 | 20,589 |
613.38 |
Q4 1987 | 22,602 |
623.06 |
Q1 1988 | 22,912 |
631.37 |
Q2 1988 | 25,593 |
635.46 |
Q3 1988 | 27,884 |
631.36 |
Q4 1988 | 29,408 |
645.13 |
Q1 1989 | 37,979 |
646.29 |
Q2 1989 | 40,082 |
654.40 |
Q3 1989 | 45,180 |
658.27 |
Q4 1989 | 40,903 |
659.20 |
Q1 1990 | 35,902 |
660.77 |
Q2 1990 | 32,395 |
656.70 |
Q3 1990 | 31,029 |
654.87 |
Q4 1990 | 29,139 |
646.24 |
Q1 1991 | 21,994 |
634.17 |
Q2 1991 | 14,972 |
614.50 |
Q3 1991 | 6,020 |
596.19 |
Q4 1991 | 599 |
581.77 |
Q1 1992 | (4,062) |
572.33 |
Q2 1992 | (4,496) |
565.16 |
Q3 1992 | (4,217) |
557.60 |
Q4 1992 | (2,282) |
548.17 |
Q1 1993 | 4,900 |
542.68 |
Q2 1993 | 6,769 |
543.63 |
Q3 1993 | 5,628 |
539.42 |
Q4 1993 | 4,384 |
548.39 |
Q1 1994 | 1,843 |
558.59 |
Q2 1994 | 4,202 |
574.17 |
Q3 1994 | 9,036 |
584.89 |
Q4 1994 | 20,270 |
598.98 |
Q1 1995 | 29,276 |
633.38 |
Q2 1995 | 34,100 |
651.76 |
Q3 1995 | 38,200 |
659.39 |
Q4 1995 | 32,536 |
673.66 |
Q1 1996 | 28,295 |
689.19 |
Q2 1996 | 19,543 |
698.83 |
Q3 1996 | 20,137 |
713.25 |
Q4 1996 | 20,222 |
724.45 |
Q1 1997 | 21,738 |
746.23 |
Q2 1997 | 32,934 |
770.47 |
Q3 1997 | 33,348 |
781.30 |
Q4 1997 | 40,510 |
811.20 |
Q1 1998 | 48,411 |
836.52 |
Q2 1998 | 50,309 |
867.20 |
Q3 1998 | 65,120 |
893.35 |
Q4 1998 | 91,275 |
919.61 |
Q1 1999 | 89,637 |
943.85 |
Q2 1999 | 108,723 |
959.62 |
Q3 1999 | 101,477 |
970.19 |
Q4 1999 | 78,123 |
996.32 |
Q1 2000 | 74,934 |
1,027.46 |
Q2 2000 | 76,922 |
1,061.74 |
Q3 2000 | 83,213 |
1,074.51 |
Q4 2000 | 107,254 |
1,085.96 |
Q1 2001 | 114,371 |
1,082.19 |
Q2 2001 | 96,646 |
1,065.42 |
Q3 2001 | 88,612 |
1,048.85 |
Q4 2001 | 51,166 |
1,019.92 |
Q1 2002 | 38,331 |
1,003.78 |
Q2 2002 | 23,117 |
975.50 |
Q3 2002 | 17,916 |
962.02 |
Q4 2002 | 15,011 |
952.54 |
Q1 2003 | 15,265 |
947.95 |
Q2 2003 | 18,471 |
933.45 |
Q3 2003 | 11,269 |
931.07 |
Q4 2003 | 14,249 |
921.12 |
Q1 2004 | 15,969 |
910.11 |
Q2 2004 | 20,301 |
926.72 |
Q3 2004 | 30,305 |
951.71 |
Q4 2004 | 47,014 |
967.69 |
Q1 2005 | 60,417 |
1,000.05 |
Q2 2005 | 68,182 |
1,042.57 |
Q3 2005 | 72,254 |
1,050.32 |
Q4 2005 | 65,930 |
1,085.62 |
Q1 2006 | 1,133.10 |
|
Note: C&I = commercial and industrial. | ||
Sources: Federal Deposit Insurance Corporation, Federal Reserve Board. |