12 CFR § 328.1 - Definitions.

---
identifier: "/us/cfr/t12/s328.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 328.1 - Definitions."
title_number: 12
title_name: "Banks and Banking"
section_number: "328.1"
section_name: "Definitions."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "328"
part_name: "FDIC OFFICIAL SIGNS, ADVERTISEMENT OF MEMBERSHIP, FALSE ADVERTISING, MISREPRESENTATION OF INSURED STATUS, AND MISUSE OF THE FDIC'S NAME OR LOGO"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1818, 1819 (Tenth), 1820(c), 1828(a)."
regulatory_source: "71 FR 66102, Nov. 13, 2006, unless otherwise noted."
cfr_part: "328"
---


# 328.1 Definitions.

*Branch* has the same meaning as the term “domestic branch” as set forth under section 3(*o*) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(*o*).

*Corporation* means the Federal Deposit Insurance Corporation.

*Deposit* has the same meaning as set forth under section 3(*l*) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(*l*).

*Digital deposit-taking channel* means websites, banking applications, and any other electronic communications method through which an insured depository institution accepts deposits. *Hybrid product* means a product or service that has both deposit product features and non-deposit product features. A sweep account is an example of a hybrid product.

*Insured depository institution* has the same meaning as set forth under section 3(c)(2) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(c)(2).

*Non-deposit product* means any product that is not a “deposit”, including, but not limited to: insurance products, annuities, mutual funds, securities and crypto-assets. For purposes of this definition, credit products and safe deposit boxes are not non-deposit products.