### Question
What is the definition of securities?


### Answer
The definition of **securities** is as follows in *12 U.S.C. § 371c*:

> stocks, bonds, debentures, notes, or other similar obligations

#### Citation:
  - *12 U.S.C. § 371c*
  - Heading: **CHAPTER 3-FEDERAL RESERVE SYSTEM > SUBCHAPTER X-POWERS AND DUTIES OF MEMBER BANKS**

