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The term 3-6-3 Rule describes how the United States retail banking industry operated from the 1950s to the 1980s. [1]: 51 The name 3-6-3 refers to the impression that bankers had a stable, comfortable existence by paying 3 percent interest on deposits, lending money out at 6 percent, and being able to "tee off at the golf course by 3 p.m." [1]: 51 [2]