### Question
How is the term minority depository institution defined?


### Answer
The term **minority depository institution** is defined in *12 U.S.C. § 5701* as the following:

> given that term under section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

#### Citation:
  - *12 U.S.C. § 5701*
  - Heading: **CHAPTER 54-STATE SMALL BUSINESS CREDIT INITIATIVE**

