In the millions of transactions made each year like those above, little actual currency changes hands, nor is it necessary that it do so. 95% of all “cash” transactions in the U.S. are by check, so the Banker is perfectly safe in “creating” that so-called “loan” by writing the check or deposit slip, not against actual money, but AGAINST YOUR PROMISE TO PAY IT BACK! The cost to him is paper, ink and a few dollars in salaries and office costs for each transaction.

These are a few taken from Arizona newspapers in January, 1979.

Valley Bank posts 49% gain in profits

Bank's profits rise 21%

These are a few of the latest news taken online.