It is true that a bank can convert reserves to notes, but that doesn’t mean the bank will actually do so. And if it does, it is merely facilitating the withdraw

It is true that a bank can convert reserves to notes, but that doesn’t mean the bank will actually do so. And if it does, it is merely facilitating the withdrawal of cash for its depositors, which means that the money already exists (in the form of a demand deposit account balance). New money is created by debt issuance. This comes from both the federal government, which supplies the monetary base, and from commercial lenders, which leverage the monetary base through loans to the “real” economy—business startup loans, mortgages, supply chain finance, revolving lines of credit, etc.