YOU SAID:

banks do not lend out excess reserves

INTO JAPANESE

銀行が超過準備を貸し出していません

BACK INTO ENGLISH

Bank is not lending excess reserves

INTO JAPANESE

銀行が超過準備を貸していません

BACK INTO ENGLISH

Bank does not lend excess reserves

INTO JAPANESE

銀行が超過準備を貸していません

BACK INTO ENGLISH

Bank does not lend excess reserves