Rev. Proc. 83-53

SECTION 1. BACKGROUND

Rev. Proc. 83-22, 1983-1 C. B. 680, contains in section 5 thereof a list of those areas of the Internal Revenue Code under the jurisdiction of the Associate Chief Counsel (Technical) which are under extensive study and in which rulings or determination letters will not be issued until the Service resolves the issue through publication of a revenue ruling, revenue procedure, regulations, or otherwise.

SEC. 2. PROCEDURE

Rev. Proc. 83-22 is amplified to include the following under section 5:

Section 368.-Definitions Relating to Corporate Reorganizations. Whether the conversion of a financial institution from mutual to stock will qualify under section 368(a)(1)(G) and section 368(a)(3)(D) of the Code, unless the stock of the converted financial institution is acquired by a financial institution to which either section 585 or section 593 of the Code applies.

SEC. 3. EFFECT ON OTHER REVENUE PROCEDURES

Section 5 of Rev. Proc. 83-22 is amplified.

SEC. 4. EFFECTIVE DATE

This revenue procedure will apply to all ruling requests on hand in the National Office on July 11, 1983, the date of publication of this revenue procedure in the Internal Revenue Bulletin, as well as any requests received thereafter.