No, you're wrong. The whole money supply is controlled by the Federal Reserve through purchasing and selling securities. When the FED purchases a security, the money gets deposited in the reserves of commercial banks, which then increases the money in circulation through making loans to consumers and businesses. And the mentioned securities are, uhhh, treasuries!
To break it down:
If I have 1 dollar in my account, the bank owes me 1 dollar. And this goes all the way up.
I am certain that you're trolling, but I'm giving you the answer anyway: No.
When you have 1 dollar in your account, the bank still has the dollar! It's a liability owed to you.
Every financial asset is somebody else's liability. Every financial asset is similar to a promissory note. If you sign one, it is your liability, but it would be an asset for the note's holder. This is also true for your bank account. Your account statement is a promissory note that the bank owes you 1 dollar.
