### Question
How does the law define bank?


### Answer
Under *12 U.S.C. § 5002*, **bank** is defined as:

> any person that is located in a State and engaged in the business of banking and includes—


(A) any depository institution (as defined in section 461(b)(1)(A) of this title)

#### Citation:
  - *12 U.S.C. § 5002*
  - Heading: **CHAPTER 50-CHECK TRUNCATION**

