### Question
How does the law define financial subsidiary?


### Answer
Under *12 U.S.C. § 371c*, **financial subsidiary** is defined as:

> any company that is a subsidiary of a bank that would be a financial subsidiary of a national bank under section 24a of this title

#### Citation:
  - *12 U.S.C. § 371c*
  - Heading: **CHAPTER 3-FEDERAL RESERVE SYSTEM > SUBCHAPTER X-POWERS AND DUTIES OF MEMBER BANKS**

