Activity (Process)

Balance Sheet Mechanics of Inter-Bank Loan Transfers

When a loan from one bank (the lending bank) is used for a payment to a customer at another bank (the receiving bank), the settlement involves a transfer of central bank reserves. The lending bank's reserve account is reduced by the payment amount, and the receiving bank's reserve account is increased by the same amount, leaving the total reserves in the banking system unchanged. While the lending bank's newly created deposit liability is extinguished by the transfer, the receiving bank gains a new deposit liability. This results in a net expansion of the aggregate money supply, as the total deposit liabilities across the banking system have increased by the amount of the original loan.

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Updated 2025-09-14

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