### Question
What is the definition of eligible insured depository institution?


### Answer
The definition of **eligible insured depository institution** is as follows in *12 U.S.C. § 1817*:

> any insured depository institution that—


(i) was in existence on December 31, 1996, and paid a deposit insurance assessment prior to that date

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

