Graphical Representations of Bernanke's Effort to Stimulate Bank Lending

1. Banks do not lend simply because they have the money
2. Banks lend as long as they have credit-worthy customers provided the banks are not capital impaired
3. Reserves are not an issue. Lending comes first, reserves follow if needed.

http://globaleconomicanalysis.blogspot.com/2012/01/graphical-representations-of-bernankes.html