Colonial Savings Association and Subsidiaries, Cross v. Commissioner of Internal Revenue, Cross-Appellant. Frontier Savings and Loan Association v. Commissioner of Internal Revenue

854 F.2d 1001

62 A.F.T.R.2d 88-5420, 57 USLW 2148, 88-2

USTC P 9458

COLONIAL SAVINGS ASSOCIATION AND SUBSIDIARIES,

Petitioners-Appellants, Cross- Appellees,

v.

COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee,

Cross-Appellant.

FRONTIER SAVINGS AND LOAN ASSOCIATION, Petitioner-Appellee,

v.

COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellant.

Nos. 87-1012, 87-1633, 87-1499 & 87-1500.

United States Court of Appeals,

Seventh Circuit.

Argued Dec. 3, 1987.

Decided Aug. 10, 1988.

Rehearing and Rehearing En Banc Denied in Nos. 87-1012 and

87-1663 Sept. 13, 1988.

Robert A. Schnur, Best & Friedrich, Milwaukee,…