12 CFR § 330.2 - Purpose.

---
identifier: "/us/cfr/t12/s330.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 330.2 - Purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "330.2"
section_name: "Purpose."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "330"
part_name: "DEPOSIT INSURANCE COVERAGE"
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. 1813(), 1813(m), 1817(i), 1818(q), 1819(a)(Tenth), 1820(f), 1820(g), 1821(a), 1821(d), 1822(c)."
regulatory_source: "63 FR 25756, May 11, 1998, unless otherwise noted."
cfr_part: "330"
---


# 330.2 Purpose.

The purpose of this part is to clarify the rules and define the terms necessary to afford deposit insurance coverage under the Act and provide rules for the recognition of deposit ownership in various circumstances.