---
kind: "section"
citation: "12 C.F.R. § 328.1"
title: "12"
number: "328.1"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/328.1"
---

# §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)](/usc/12/1813.md?p=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)](/usc/12/1813.md?p=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)](/usc/12/1813.md?p=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.


## Notes

### Source

Source: 89 FR 3528, Jan. 18, 2024, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1818, 1819 (Tenth), 1820(c), 1828(a).

### Source

Source: 71 FR 66102, Nov. 13, 2006, unless otherwise noted.