### Question
How does Banking Institutions define affiliated group?


### Answer
Under *26 U.S.C. § 593*, **affiliated group** is defined as:

> assigned to such term by section 1504(a); 

#### Citation:
  - *26 U.S.C. § 593*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter H-Banking Institutions > PART II-MUTUAL SAVINGS BANKS, ETC.**

