Guidance Regarding the Treatment of Transactions in Which Federal Financial Assistance Is Provided

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This document contains proposed regulations under section 597 of the Internal Revenue Code (the "Code"). The proposed regulations, which will apply to banks and domestic building and loan associations (and related parties) that receive Federal financial assistance ("FFA"), will modify and clarify the treatment of transactions in which FFA is provided to such institutions. This document also invites comments from the public and requests for a public hearing regarding these proposed regulations.