MORRIS PLAN BANK
A non-traditional bank that lends money to individual who cannot obtain loans spurned by mainstream banks. Established in 1910, Fidelity Savings & Trust Co. was the first Morris Plan bank with $20,000 in capital. There were 109 Morris Plan banks in 1931. However, the number sank after the economy recouped from the Great Depression and commercial banks started offering small loans. Today, there are more than 100 Morris plan banks all over the United States with an average loss on loans at less than 0.1%.
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Golden Life Jacket
Compensation package offered by the acquiring firm to top executives of the company being acquired. The same with stay bonus, it aims to retain tho ...
Bank Insurance Fund - BIF
Unit of the FDIC providing protections to the insurance for the banks that are not classified as a savings and loan association.
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| Time | Country | Indices | Period |
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| 08:00 | Prelim Machine Tool Orders | Mar | |
| 10:00 | New Yuan Loans | Mar | |
| 11:00 | Retail Sales | Feb | |
| 13:00 | MPC Member Andy Haldane Speaks | ||
| 15:00 | MPC Member Silvana Tenreyro Speaks | ||
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Interest Rate Decision | 1 quarter | |
| 19:00 | FOMC Member Eric Rosengren Speaks | ||
| 19:01 | 10-y Bond Auction | Apr |
