### Question
How does FEDERAL HOME LOAN BANKS define governmental agency?


### Answer
Under *12 U.S.C. § 1441a*, **governmental agency** is defined as:

> any agency or entity of the Federal Government or a State or local government

#### Citation:
  - *12 U.S.C. § 1441a*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

