### Question
How does FEDERAL DEPOSIT INSURANCE CORPORATION define in-State depository institution or in-State holding company?


### Answer
Under *12 U.S.C. § 1823*, **in-State depository institution or in-State holding company** is defined as:

> an existing insured depository institution currently operating in the State in which the bank in default or the bank in danger of default is chartered or a company that is operating an insured depository institution subsidiary in the State in which the bank in default or the bank in danger of default is chartered

#### Citation:
  - *12 U.S.C. § 1823*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

