Numerous authorities have actually said it: banking institutions try not to provide their deposits. They produce the cash they provide on their publications.
Robert B. Anderson, Treasury Secretary under Eisenhower, stated it in 1959:
Each time a bank makes financing, it simply enhances the debtor’s deposit account within the bank because of the level of the mortgage. The cash is not obtained from someone else’s build up; it had been perhaps perhaps not previously compensated in the bank by anybody. Lees verder