### Question
What does covered subsidiary mean?


### Answer
**Covered subsidiary** has the following meaning in *12 U.S.C. § 5381*:

> a subsidiary of a covered financial company, other than—


(A) an insured depository institution

#### Citation:
  - *12 U.S.C. § 5381*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER II-ORDERLY LIQUIDATION AUTHORITY**

