Loans negative and states borrowing less, thanks!
Top link is the change in total credit levels y/y in the commercial banking system using monthly data points through sept 2013. The numbers are seasonally adjusted. Trend going negative (looks to have last topped off in December 2012) in conjunction with federal deficit reduction and state & local deficit reductions. The bottom link has 3 series you can click on one for state & local and one for federal and one for consolidated gvt net borrowing or lending (looking at the federal or consolidated numbers they move flat 4q 2012 to 1q 2013 but spike upwards 1q 2013 moving forward. almost at the same exact time the credit levels started going negative).