### Question
How is the term bank defined?


### Answer
The term **bank** is defined in *26 U.S.C. § 585* as the following:

> any bank (as defined in section 581)

#### Citation:
  - *26 U.S.C. § 585*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter H-Banking Institutions > PART I-RULES OF GENERAL APPLICATION TO BANKING INSTITUTIONS**

