### Question
Can you define what financial subsidiary means?


### Answer
**Financial subsidiary** is defined as the following in *12 U.S.C. § 371c*:

> 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**

