as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
why would a bank need to accept deposits from private clients if it can just borrow from the federal reserve?
user
they don't need to accept deposits from normal persons, but that's how they make lots of money.  banks make money off the fees they charge retailers when those folks swipe their debit cards at the retailer.  it's their bread and butter.  in order to facilitate you accruing swipe fees for them, they need to allow you to make deposits, on which they can charge the retailers swipe fees.
assistant