Only an institution which keeps full reserves can be said to be a bank

If a bank does not keep sufficient reserves, it is not a bank. Only a ‘bank’ which keeps full reserves can be said to be a bank. There is no form of banking which is not full reserve banking. It is a trick for an institution to pretend to be a bank if it does not keep full reserves. Most ‘banking institutions’ pretend to be a bank, which they are not since a bank keeps full reserves.