Treasury Regulations · 26 CFR
§ 1.581-3. Definition of bank prior to September 28, 1962.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 581
Cite as 26 CFR § 1.581-3
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- May 17, 1963 by T.D. 6651
- Issued under
- 26 U.S.C. § 581
- Length
- 128 words · about 1 min to read
- Defines
- 1 term
- Cross-references
- cites 1 Code section and 0 regulations; cited by 0
Prior to September 28, 1962, for purposes of sections 582 and 584, the term bank means a bank or trust company incorporated and doing business under the laws of the United States (including laws relating to the District of Columbia), of any State, or of any Territory, a substantial part of the business of which consists of receiving deposits and making loans and discounts, or of exercising fiduciary powers similar to those permitted to national banks under section 11(k) of the Federal Reserve Act (38 Stat. 262; 12 U.S.C. 248(k)), and which is subject by law to supervision and examination by State, Territorial, or Federal authority having supervision over banking institutions. Such term also means a domestic building and loan association.
[T.D. 6651, 28 FR 4950, May 17, 1963]
Terms defined here
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Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 6651 (28 FR 4950)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Banking Institutions
Nearby sections
- § 1.581-1 Banks.
- § 1.581-2 Mutual savings banks, building and loan associations, and cooperative banks.
- § 1.581-3 Definition of bank prior to September 28, 1962.
- § 1.582-1 Bad debts, losses, and gains with respect to securities held by financial institutions.
- § 1.584-1 Common trust funds.
- § 1.584-2 Income of participants in common trust fund.
- § 1.584-3 Computation of common trust fund income.