Numerous authorities have actually stated it: banking institutions try not to provide their deposits. The money is created by them they provide to their books.
Robert B. Anderson, Treasury Secretary under Eisenhower, stated it in 1959:
When a loan is made by a bank, it merely increases the debtor’s deposit account into the bank by the number of the mortgage. The amount of money is certainly not obtained from other people’s deposits; it was perhaps perhaps perhaps not formerly compensated in the bank by anybody. (more…)