### Question
Can you define what State bank means?


### Answer
**State bank** is defined as the following in *12 U.S.C. § 1813*:

> any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which—


(A) is engaged in the business of receiving deposits, other than trust funds (as defined in this section)

#### Citation:
  - *12 U.S.C. § 1813*
  - Heading: **CHAPTER 15-FEDERAL LOAN AGENCY**

