[Federal Register Volume 60, Number 210 (Tuesday, October 31, 1995)]
[Rules and Regulations]
[Pages 55311-55312]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26786]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8611]
RIN 1545-AS40


Conduit Arrangement Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD

[[Page 55312]]

8611), which were published in the Federal Register for Friday, August 
11, 1995 (60 FR 40997). The final regulations relate to conduit 
financing arrangements issued under the authority granted by section 
7701(l).

EFFECTIVE DATE: September 11, 1995.

FOR FURTHER INFORMATION CONTACT: Elissa J. Shendalman of the Office of 
the Associate Chief Counsel (International), (202) 622-3870 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections are 
under sections 871, 881, 1441, 1442, and 7701(l) of the Internal 
Revenue Code.

Need for Correction

    As published, TD 8611 contains typographical errors that are in 
need of correction.

Correction of Publication

    Accordingly, the publication of the final regulations which is the 
subject of FR Doc. 95-19446, are corrected as follows:


Sec. 1.881-3  [Corrected]

    1. On page 41013, column 3, Sec. 1.881-3, paragraph (e), paragraph 
(i) of Example 25., line 1, the figure ``10,000,000'' is corrected to 
read ``5,000,000''.
    2. On page 41013, column 3, Sec. 1.881-3, paragraph (e), paragraph 
(i) of Example 25., line 5, the figure ``5,000,000'' is corrected to 
read ``10,000,000''.
    3. On page 41013, column 3, Sec. 1.881-3, paragraph (e), paragraph 
(iii) of Example 25., the first sentence ``Pursuant to paragraph 
(d)(1)(i) of this section, the amount subject to recharacterization is 
a fraction the numerator of which is the average principal amount 
advanced from FS to DS and denominator of which is the average 
principal amount advanced from FP to FS.'' is corrected to read 
``Pursuant to paragraph (d)(1)(i) of this section, the amount subject 
to recharacterization is a fraction the numerator of which is the 
lowest aggregate principal amount advanced and the denominator of which 
is the principal amount advanced from FS to DS.''.


Sec. 1.1441-7  [Corrected]

    4. On page 41015, column 2, Sec. 1.1441-7, paragraph (d)(2)(ii), 
paragraph (i) of Example 4., the language ``size. BK2 considers BK1 to 
enter into a loan'' is corrected to read ``size. BK2 considers asking 
BK1 to enter into a loan''.
Cynthia E. Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
[FR Doc. 95-26786 Filed 10-30-95; 8:45 am]
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