### Question
How does the law define insured System bank?


### Answer
Under *12 U.S.C. § 2277a*, **insured System bank** is defined as:

> any System bank whose participation in notes, bonds, debentures, and other obligations issued under subsection (c) or (d) of section 2153 of this title is insured under this part

#### Citation:
  - *12 U.S.C. § 2277a*
  - Heading: **CHAPTER 22-TYING ARRANGEMENTS > SUBCHAPTER V-FARM CREDIT ADMINISTRATION ORGANIZATION > Part E-Farm Credit System Insurance Corporation**

