...during such year X received tax-exempt interest of $500. X's earnings and profits for 1963 (computed at the close of the taxable year without diminution by...of any distributions made during the taxable year) is $20,400. The opening balance of X's reserve for losses on qualifying real property loans as of the...

...its earnings or profits accumulated after February 28, 1913, or (2) out of the earnings or profits of the taxable year (computed as of the close of the...without diminution by reason of any distributions rnnde during the taxable year), without rrgard to the amount of earnings and profits at the time the...

...its earnings and profits accumulated after Janunary 1, 1911, or out of its earnings and profits of the taxable year (computed as of the close of the...of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made. Except...

...earnings or profits accumulated after February 2«, 3913, or (2) out of the earning* or profits of the taxable year (computed as of the close of the...of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time tbe distribution was made. * •...

...its earnings and profits accumulated after Janunary 1, 1911, or out of its earnings and profits of the taxable year (computed as of the close of the...of any distributions made during the taxable year) , without regard to the amount of the earnings and profits at the time the distribution was made. Except...

...allowable credit is 85 percent of the amount received as dividends from (a) earnings and profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distribution made during the taxable year), without regard to the amount of the earnings and profits...

...and profits of such corporation accumulated after February 28. 1913, and the earnings and profits of the taxable year (computed as of the close of the...without diminution by reason of any distributions, except those described in subparagraphs (A), (B), and (C) of paragraph (3), made during the taxable...

...earnings and profits accumulated after February 28, 1913, or (2) out of its earnings and profits of iste without regard to the amount of the earnings and profits at the time the distribution was made. Except...

...during such year X received tax-exempt interest of $500. X's earnings and profits for 1963 (computed at % S m܈ Z * Y/ ԡn is $20,400. The opening balance of X's reserve for losses on qualifying real property loans as of the...

...and profits of such corporation accumulated after February 28, 1913, and the earnings and profits of the taxable year (computed as of the close of the...without diminution by reason of any distributions, except those described in subparagraphs (A), (B),and (C) of paragraph (3), made during the taxable...