### Question
Can you define what financial institution means?


### Answer
**Financial institution** is defined as the following in *12 U.S.C. § 1821*:

> a broker or dealer, a depository institution, a futures commission merchant, or any other institution, as determined by the Corporation by regulation to be a financial institution, and the term “clearing organization” has the same meaning as in section 4402 of this title

#### Citation:
  - *12 U.S.C. § 1821*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

