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of <h1>Banking companies must apportion expenses and interest on securities by ratio of securities interest to total receipts</h1> For a banking company, expenses and interest attributable to income from interest on securities are to be apportioned by applying the ratio of gross receipts from interest on securities to the company's total gross receipts included in profit and loss; that apportioned amount counts as the sum reasonably expended and as interest payable on borrowed moneys for the purposes specified. Amounts so allocated may not be claimed again under the general deductions for business expenses. 'Moneys borrowed' expressly includes deposits.
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