Quote from Federal Reserve Bank of New York 

"Because of 'fractional' reserve system, banks, as a whole,
can expand our money supply several times, by making loans and investments."

Quote by:
The Story of Banks, p.5. (2006), Story by Gail Donovan; Art by Norman Nodel, Published by Federal Reserve Bank of New York see http://www.newyorkfed.org/publications/result.cfm?comics=1
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