A Blood Bank is a cache or bank of blood or blood components, gathered as a result of blood donation, stored and preserved for later use in blood transfusions.The Food and Drug Administration licenses blood banks.Whole blood can only be stored for a limited time, but various components of blood (red blood cells, platelets, albumin, and plasma fractions) can be frozen and stored for a year or longer.The Red Cross collects about 50% of the blood for the nation's blood banks.
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