### Question
How does the law define bank?


### Answer
Under *12 U.S.C. § 202*, **bank** is defined as:

> (1) any national banking association or any other financial institution chartered or licensed under Federal law and subject to the supervision of the Comptroller of the Currency, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency

#### Citation:
  - *12 U.S.C. § 202*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER XIV-BANK CONSERVATION ACT**

