[poinq]

Banks can and do borrow to lend. Its just cheaper to lend using deposits.

[Toddsterpatriot]

Banks can and do borrow to lend.

Absolutely. When I'm trying to stomp out the "Banks lend multiples of deposits" meme, I try to keep it simple.

That's why I originally said, " Banks can't lend out more than they take in"