I remember there was a time when a popular term was used within financial services circles: three-six-three. For financial service professionals three-six-three was the internal jargon for a successful institution.
The formula and meaning of this term was very simple to understand. The first three is what an institution would pay on deposits. The six is what the institution would charge in interest on the loan. The last three represented the tee time at the golf course.
The days of three-six-three are over. In place of three-six-three is now likely one-two-nine. One percent what you pay on deposits, two percent what you charge on loans, and nine p.m. is the time in the evening when you go home if your institution is still in business.
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