### Question
Can you define what semiannual period means?


### Answer
**Semiannual period** is defined as the following in *12 U.S.C. § 1817*:

> a period beginning on January 1 of any calendar year and ending on June 30 of the same year, or a period beginning on July 1 of any calendar year and ending on December 31 of the same year

#### Citation:
  - *12 U.S.C. § 1817*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

