### Question
How is the term bank defined?


### Answer
The term **bank** is defined in *15 U.S.C. § 77c* as the following:

> any national bank, or banking institution organized under the laws of any State, territory, or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official

#### Citation:
  - *15 U.S.C. § 77c*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

