### Question
How is the "branch" defined?


### Answer
The term **branch** is defined in *12 U.S.C. § 1464* as follows -

> any office, place of business, or facility, other than the principal office as defined by the Director, of a savings association at which accounts are opened or payments are received or withdrawals are made, or any other office, place of business, or facility of a savings association defined by the Director as a branch within the meaning of such sentence

#### Citation:
  - *12 U.S.C. § 1464*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

