### Question
How is the term insured bank defined?


### Answer
The term **insured bank** is defined in *12 U.S.C. § 632* as the following:

> given to it in section 12B of this Act.

#### Citation:
  - *12 U.S.C. § 632*
  - Heading: **CHAPTER 6-FOREIGN BANKING > SUBCHAPTER II-ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING**

