### Question
How is the term insured depository institution defined?


### Answer
The term **insured depository institution** is defined in *12 U.S.C. § 1813* as the following:

> any bank or savings association the deposits of which are insured by the Corporation pursuant to this chapter

#### Citation:
  - *12 U.S.C. § 1813*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

