While some thrift institutions have acquired demand deposit authority, their participation in money creation is limited relative to banks which hold nearly all business demand deposits and the majority of individual and government demand deposits.

• 尽管一些储蓄机构也获得了提供活期存款的授权，但与商业银行相比它们创造信用的能力十分有限，由于商业银行拥有几乎所有企业的活期存款、绝大部分个人和政府的活期存款。