### Question
What does insured depository institution mean?


### Answer
**Insured depository institution** has the following meaning in *12 U.S.C. § 1813*:

> any bank or savings association the deposits of which are insured by the Corporation pursuant to this chapter

#### Citation:
  - *12 U.S.C. § 1813*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

