@sandman : Looks like right amount of zeroes to me.
No Sir - no free money. As we understand our Fed Reserve system, all banks must be approved by the feds. No more independent state or national banks (e.g. like in the movie "It's a Wonderful Life" - probably before your time).
As you know, when loans are created, digital entries are made at the lending institution for that amount, but NOT for the interest to be paid. Think about that for a moment. Every loan for vehicles, mortgages, credit, etc. are CREATED at the time of the loan (debt) by Federal Reserve "units" primarily in digital form out of thin air. When you "borrow" for example $1,000 at 3% for one year, they create the $1,000 amount in your bank account (digital entry); but they do NOT create the associated interest amount in the system, in this case $30. This little scheme has been going for decades including T-bills, bonds like this one, etc. etc.
So: someone is holding the bag for cumulative trillions. Care to guess who that is? Hint: it's NOT China.
(I am waiting to see what happens when we join other countries in going cashless i.e. paperless.)