A slang term used to describe a method of bankers offering a certain interest rate to their depositors, such as 3 percent, and then lending those same funds out at a higher rate, such as 6 percent. Then, the bankers go and play golf at 3:00 p.m.
Related information about 3-6-3 rule:
- 3-6-3 Rule Definition | Investopedia
Slang used to refer to an "unofficial rule" under which the banking industry once operated, which alludes to it being noncompetitive and simplistic.The 3-6-3 rule ...
- 3-6-3 Rule - Wikipedia, the free encyclopedia
The 3-6-3 Rule is how the United States retail banking industry operated from the 1950s to the 1980s. :51 The name 3-6-3 refers to the impression that bankers ...
- The 3-6-3 Rule: An Urban Myth? - Federal Reserve Bank of Richmond
The banking industry of the 1950s, 1960s, and 1970s is often described as operating according to a 3-6-3 rule: Bankers gathered deposits at 3 percent, lent ...
- 3-6-3 Rule: Definition from Answers.com
3-6-3 Rule Slang used to refer to an 'unofficial rule' under which the banking industry once operated, which alludes to it being noncompetitive and.
- 3-6-3 Rule
3-6-3 Rule. ... The 3-6-3 rule was first mentioned in Liar's Poker by Michael Lewis when he used it to refer to the 3-6-3 club who are a money lenders (thrifters) ...
- The 3-6-3 Rule: An Urban Myth? - Federal Reserve Bank of Richmond
and 1970s as operating according to a 3-6-3 rule: Bankers gathered deposits at 3 percent ... 3-6-3 rule and the concept of bankers' hours to survive. The banking ...
- Sippican Cottage: The 3-6-3 Rule Rules. Well, It Used To
Feb 18, 2009 ... The 3-6-3 Rule Rules. Well, It Used To. Why did the nascent United States produce so many great thinkers? Where are they now?
- The 3-6-3 rule : an urban myth?
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