Bank lending is not tied in any way to the amount of deposits they have on hand: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/mone

Bank lending is not tied in any way to the amount of deposits they have on hand: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...