### Question
How does the law define new depository institution?


### Answer
Under *12 U.S.C. § 1813*, **new depository institution** is defined as:

> a new national bank or Federal savings association, other than a bridge depository institution, organized by the Corporation in accordance with section 1821(m) of this title

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

