No it doesn't.
This is not just a little thing. We have gotten to the point where monetary/credit transactions executed by the Fed is bigger than real economic transactions.
Total loans were about $1.2 trillion. At their peak.
While many argue that it is necessary, others might rationally argue that maybe a smaller banking system would be ok.
Banks have been shrinking their balance sheets.
Total transactions were $16T, which is greater than GDP. Unlike loans, GDP counts "economic" transactions, i.e. I build you a garage for $40,000, having spent $20,000 on supplies and buy a car for $20,000 that is $60,000 in GDP. Unlike credit transactions, the sales and the purchase add rather than cancel.