Word Reimagined / chamber intake register
Current room: Facts source reading desk. This source record remains logged under proof custody with direct exits to Facts and the Facts threshold.
Source custody / reading room record
Federal Reserve Bank of Philadelphia. "How Banks Use Loans to Create Liquidity." Research in Focus, June 21, 2023. Public-facing summary of the working paper "Funding Liquidity Creation by Banks" (https://www.philadelphiafed.org/the-economy/banking-and-financial-markets/funding-liquidity-creation-by-banks).
Filed note / source reading copy
Federal Reserve Bank of Philadelphia research summary corroborating that bank lending creates the deposit in the same operation; reports that during 2001–2020, 92 percent of U.S. bank deposits resulted from funding liquidity created by bank lending activity rather than from cash deposits.