...associations under Federal or State law, there shall be allowed as deductions in computing taxable income amounts paid to, or credited to the accounts of, depositors...withdrawable on demand subject only to customary notice of Intention to withdraw. (Aug. 16, 1954, ch. 736, 68A Stat. 204; Oct. 16, 1962, Pub. L. 87-834, §...

...withdrawable accounts. Except as provided in regulations prescribed by the Secretary or his delegate, amounts paid to, or credited to the accounts of, depositors...holders of accounts as dividends or Interest on their deposita or withdrawable accounts (If such amounts paid or credited are withdrawable on demand subject...

...In the case of mutual savings banks, cooperative banks, and domestic building and loan associations, , U.S. G.P.O. on their deposits or withdrawable accounts, if such amounts paid or credited are withdrawable on demand...

...(5) Section 461(d) and this paragraph shall apply to taxable years ending after December 31, 1960. (e) Dividends or interest paid by certain savings...shares, a domestic building and loan association, or a cooperative bank shall not be allowed as a deduction for the taxable year to the extent such amounts...

...institutions on certain deposits or withdrawable accounts — (1) Deduction not allowable — (1) In general. Except as otherwise provided in this paragraph,...shares, a domestic building and loan association, or a cooperative bank shall not be allowed as a deduction for the taxable year to the extent such amounts...

...allowable— <1) In general. Except as otherwise provided In this paragraph, pursuant to section 461(e) amounts paid to, or credited to the accounts of, depositors...shares, a domestic building and loan association, or a cooperative bank shall not be allowed as a deduction for the taxable year to the extent such amounts...

...allowable— (i) In general. Except as otherwise provided in this paragraph, pursuant to section 461(e) amounts paid to, or credited to the accounts of, depositors...savings bank not having capital stock represented by share';, a domestic building and loan association, or a cooperative bank shall net be allowed as a...

...pursuant to section 481(e) amounts paid to, or credited to the accounts of, depositors or holders oí accounts as dividends or interest on their deposits...shares, a domestic building and loan association, or a cooperative bank shall not be allowed as a deduction for the taxable year to the extent such amounts...

...applicable, there are allowed as deductions from gross income amounts which during the taxable year are paid to, or credited to the accounts of, depositors...withdrawable on demand subject only to customary notice of intention to withdraw. (2) The deduction provided in section 591 is applicable to the taxable year...

...shall be allowed as deductions in computing taxable income amounts paid to, or credited to the account* of, depositors or holders of accounts as dividends...withdrawable on demand subject only to customary notice of intention to withdraw. [Sec. 591 as amended by sec. 6(f), Rev. Act 1962 (76 Stat. 984)l [TD 6728,...