what do banks do with the money that i deposit?

im aware that the whole "they take a fraction of your deposits and lend it to other people" is a myth. banks lend money created out of thin air, and that's primarily how money creation occurs.

if so, however, what's happening to my deposits? i read a yahoo article that talked about deposits simply being used to fulfil reserve requirements but the reserve requirements are currently ZERO

so… what's going on with the money that i've deposited at the bank????

if i have any misconceptions do clarify! thanks!

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