### Question
How is the term nonbank financial company supervised by the Board of Governors defined?


### Answer
The term **nonbank financial company supervised by the Board of Governors** is defined in *12 U.S.C. § 5311* as the following:

> a nonbank financial company that the Council has determined under section 5323 of this title shall be supervised by the Board of Governors

#### Citation:
  - *12 U.S.C. § 5311*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER I-FINANCIAL STABILITY**

