...the Code provides, in part, that the term "common trust fund" means a fund maintained by a bank (1) exclusively for the collective investment and reinvestment...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian; and (2) in conformity with the rules and regulations,...

...the Code provides, in part, that the term "common trust fund" means a fund maintained by a bank ( 1 ) proceeds, paid by reason of the death of the insured,...under an agreement to pay interest thereon, the inter as a trustee, executor, administrator, or guardian; and (2) in conformity with the rules and regulations,...

...the Code provides, in part, that the term "common trust fund" means a fund maintained by a bank ( 1 ) exclusively for the collective investment and reinvestment...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian; and (2) in conformity with the rules and regulations,...

...designated as a "common trust fund." One of these conditions is that such fund must be maintained by the bank exclusively for the collective investment and...reinvestment of moneys contributed thereto by the bank, whether acting alone or in conjunction with one or more cofiduciaries, but solely in its capacity as...

...property, as provided in subsection 408 (a) (3). "Common trust funds" are defined under IRC 584 as, "... a fund maintained by a bank exclusively for the collective...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian; and in conformity with the rules and regulations...

...liquidating agent, or similar official or person thereof or therefor; any common trust fund or similar fund maintained by a bank exclusively for the collective...moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian ; or any common trust fund or similar fund, established...

...excludes from the definition of investment company "any bank or ... any common trust fund or similar fund maintained by a bank exclusively for the collective...moneys contributed thereto by the bank In its capacity as a trustee, executor, administrator, or guardian. . . ." It should be noted that a collective Investment...

...Section 584 (a) (1) of the Internal Revenue Code to read as follows (new matter in brackets) : "(1) exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank [or contributed by any other bank which is a member of an affiliated group (as defined in Section 1504)...

...Section 584(a) (1) of the Internal Revenue Code to read as follows (new matter in brackets) : "(1) exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank [or contributed by any other bank which is a member of an affiliated group (as defined in Section 1504)...

...Section 584 (a) (1) (relating to definition of common trust fund) is amended to read as follows : " ( 1 ) exclusively for the collective investment and reinvestment...or guardian, or " ( B ) as a custodian of accounts — "(i) which the Secretary determines are established pursuant to a State law which is substantially...