### Question
How is the "depository institution" defined?


### Answer
The term **depository institution** is defined in *12 U.S.C. § 4313* as follows -

> given such term in clauses (i) through (vi) of section 461(b)(1)(A) of this title, but does not include any nonautomated credit union that was not required to comply with the requirements of this chapter [1](#4313_1_target) as of September 30, 1996, pursuant to the determination of the National Credit Union Administration Bureau.[2](#4313_2_target)


#### (7) Interest


The term “interest” includes dividends paid with respect to share draft accounts which are accounts within the meaning of paragraph (3).

#### Citation:
  - *12 U.S.C. § 4313*
  - Heading: **CHAPTER 44-TRUTH IN SAVINGS**

