Oh how I wish just one reporter one day would ask any of the governors (FED) when they brag about their loan facility where the money they lend comes from.
Something like this:
"Hello, I understand how banking works and know that my bank takes all its deposits and creates loans for others in my community, like I learned watching "It's A Wonderful Life" from George Bailey. What I don't understand is if the FED works same way? Do you lend out reserves others have deposited with you? If not where do you get the money you lend out from?