[mulmen]

Thanks this explanation helps. Does that mean that from the banks perspective my deposits are a liability?

[hhshhhhjjjd]

Yes! Because you can remove your deposits from the bank and they also have to pay you interest on that balance. Your mortgage is an asset to the bank for the opposite reasons.

[someguydave]

Exactly, from the bank’s point of view every dollar you deposit is incurring indebtedness to you