### Question
How does FEDERAL DEPOSIT INSURANCE CORPORATION define economically depressed region?


### Answer
Under *12 U.S.C. § 1823*, **economically depressed region** is defined as:

> any geographical region which the Corporation determines by regulation to be a region within which real estate values have suffered serious decline due to severe economic conditions, such as a decline in energy or agricultural values or prices

#### Citation:
  - *12 U.S.C. § 1823*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

