A bill to amend section 584 of the Internal Revenue Code of 1954 with respect to the treatment of affiliated banks for purposes of the common trust fund provisions of such code.

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to treat two or more banks which are members of the same affiliated group as one bank for the period of affiliation with respect to any common trust fund of which any of the member banks is trustee or two or more of the member banks are co-trustees.…