This is why the economy hasn’t budged since 2008 (contrary to what the TV, BLS, WH, etc. tells you). Thanks to Fed policies (ZIRP/NIRP, trillions in excess liquidity, etc.) banks are paid (and incentivized) to not lend. Difference between loans and deposits has surged to an all-time high of $2 trillion.
Notice where the two lines (which historically have always moved together) began their dramatic divergence. Clue: Right when the economy imploded and the Fed swooped in to the rescue.