### Question
What does distressed area mean?


### Answer
**Distressed area** has the following meaning in *12 U.S.C. § 1441a*:

> the geographic areas in those political subdivisions designated from time to time by the chief executive officer as having depressed real estate markets

#### Citation:
  - *12 U.S.C. § 1441a*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

