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District of Columbia 1997 Economic Census Finance and Insurance Geographic Area Series 1997 Issued January 2000 EC97F52A-DC U.S. Department of Commerce Economics and Statistics Administration U.S. CENSUS BUREAU Many persons participated in the various activities of the 1997 Economic Census for the Finance and Insurance sector. Service Sector Statistics Division prepared this report. Bobby E. Russell, Assistant Chief for Census Programs,was respon- sible for the overall planning,manage- ment,and coordination. Planning and implementation were under the direction of Steven M. Roman, Chief,Utilities and Financial Census Branch,assisted by Faye A. Jacobs and Laurie G. Torene. Primary staff assistance was provided by Vannah L. Beatty, Diane Carodiskey- Beeson, Robert S. Benedik, Sandra K. Creech, Michael J. Garger, Andrew N. Lampton, Juan P. Matias, Kathryn H. Miller, Susan K. Pozzanghera, William R. Samples, and Charles T. Spradlin. Mathematical and statistical techniques as well as the coverage operations were pro- vided by Carl A. Konschnik, Assistant Chief for Research and Methodology, assisted by Carol S. King, Chief,Statisti- cal Methods Branch,and Jock R. Black, Chief,Program Research and Development Branch,with staff assistance from Maria C. Cruz and David L. Kinyon. The Economic Planning and Coordination Division provided overall planning and review of many operations and the com- puter processing procedures. Shirin A. Ahmed, Assistant Chief for Post-Collection Processing,was responsible for edit proce- dures and designing the interactive ana- lytical software. Design and specifications were prepared under the supervision of Dennis L. Shoemaker, Chief,Census Pro- cessing Branch,assisted by John D. Ward. Primary staff assistance was pro- vided by Sonya P. Curcio, Richard W. Graham, and Cheryl E. Merkle. The Eco- nomic Product Team,with primary contri- butions from Andrew W. Hait and Jennifer E. Lins, was responsible for the development of the system to disseminate 1997 Economic Census reports. The staff of the National Processing Center, Judith N. Petty, Chief,performed mailout preparation and receipt operations,clerical and analytical review activities,and data entry. The Geography Division staff developed geographic coding procedures and associ- ated computer programs. The Economic Statistical Methods and Pro- gramming Division, Charles P. Pautler Jr., Chief,developed and coordinated the computer processing systems. Martin S. Harahush, Assistant Chief for Quinquen- nial Programs,was responsible for design and implementation of the computer sys- tems. Robert S. Jewett and Barbara L. Lambert provided special computer pro- gramming. William C. Wester, Chief,Ser- vices Branch,assisted by Robert A. Hill, Dennis P. Kelly, and Jeffrey S. Rosen, supervised the preparation of the com- puter programs. Additional programming assistance was provided by Donell D. Barnes, Daniel C. Collier, Gilbert J. Flodine, David Hiller, Leatrice D. Hines, William D. McClain, Jay L. Norris, Sarah J. Presley, and Michael A. Sendelbach. Computer Services Division, Debra D. Williams, Chief,performed the computer processing. Kim D. Ottenstein, Margaret A. Smith, and Laurene V. Qualls of the Administra- tive and Customer Services Division, Walter C. Odom, Chief,provided publica- tions and printing management,graphics design and composition,and editorial review for print and electronic media. Gen- eral direction and production management were provided by Michael G. Garland, Assistant Chief,and Gary J. Lauffer, Chief,Publications Services Branch. Special acknowledgment is also due the many businesses whose cooperation has contributed to the publication of these data. ACKNOWLEDGMENTS District of Columbia 1997 Economic Census Finance and Insurance Geographic Area Series 1997 Issued January 2000 EC97F52A-DC U.S. Department of Commerce William M. Daley, Secretary Robert L. Mallett, Deputy Secretary Economics and Statistics Administration Robert J. Shapiro, Under Secretary for Economic Affairs U.S. CENSUS BUREAU Kenneth Prewitt, Director Paula J. Schneider, Principal Associate Director for Programs Frederick T. Knickerbocker, Associate Director for Economic Programs Thomas L. Mesenbourg, Assistant Director for Economic Programs Carole A. Ambler, Chief, Service Sector Statistics Division ECONOMICS AND STATISTICS ADMINISTRATION Economics and Statistics Administration Robert J. Shapiro, Under Secretary for Economic Affairs U.S. CENSUS BUREAU Kenneth Prewitt, Director William G. Barron, Deputy Director CONTENTS Introduction to the Economic Census 1 ............................. Finance and Insurance 5 ......................................... TABLES 1. Summary Statistics for the District: 1997 7 .................... 2. Summary Statistics for Metropolitan Areas: 1997 8 ............. APPENDIXES A. Explanation of Terms A–1 ..................................... B. NAICS Codes, Titles, and Descriptions B–1 ...................... C. Coverage and Methodology C–1 ................................ D. Geographic Notes ~~ ........................................ E. Metropolitan Areas E–1 ....................................... ~~ Not applicable for this report. FINANCE AND INSURANCEmGEOG. AREA SERIES DISTRICT OF COLUMBIA iii U.S. Census Bureau, 1997 Economic Census Feb. 1, 2000 Introduction to the Economic Census PURPOSES AND USES OF THE ECONOMIC CENSUS The economic census is the major source of facts about the structure and functioning of the Nation’s economy. It provides essential information for government, business, industry, and the general public. Title 13 of the United States Code (Sections 131, 191, and 224) directs the Cen- sus Bureau to take the economic census every 5 years, covering years ending in 2 and 7. The economic census furnishes an important part of the framework for such composite measures as the gross domestic product estimates, input/output measures, pro- duction and price indexes, and other statistical series that measure short-term changes in economic conditions. Spe- cific uses of economic census data include the following: • Policymaking agencies of the Federal Government use the data to monitor economic activity and assess the effectiveness of policies. • State and local governments use the data to assess business activities and tax bases within their jurisdic- tions and to develop programs to attract business. • Trade associations study trends in their own and com- peting industries, which allows them to keep their mem- bers informed of market changes. • Individual businesses use the data to locate potential markets and to analyze their own production and sales performance relative to industry or area averages. ALL-NEW INDUSTRY CLASSIFICATIONS Data from the 1997 Economic Census are published pri- marily on the basis of the North American Industry Classi- fication System (NAICS), unlike earlier censuses, which were published according to the Standard Industrial Classi- fication (SIC) system. NAICS is in the process of being adopted in the United States, Canada, and Mexico. Most economic census reports cover one of the following NAICS sectors: 21 Mining 22 Utilities 23 Construction 31-33 Manufacturing 42 Wholesale Trade 44-45 Retail Trade 48-49 Transportation and Warehousing 51 Information 52 Finance and Insurance 53 Real Estate and Rental and Leasing 54 Professional, Scientific, and Technical Services 55 Management of Companies and Enterprises 56 Administrative and Support and Waste Management and Remediation Services 61 Educational Services 62 Health Care and Social Assistance 71 Arts, Entertainment, and Recreation 72 Accommodation and Foodservices 81 Other Services (except Public Administration) (Not listed above are the Agriculture, Forestry, Fishing, and Hunting sector (NAICS 11), partially covered by the census of agriculture conducted by the U.S. Department of Agri- culture, and the Public Administration sector (NAICS 92), covered by the census of governments conducted by the Census Bureau.) The 20 NAICS sectors are subdivided into 96 subsectors (three-digit codes), 313 industry groups (four-digit codes), and, as implemented in the United States, 1170 industries (five- and six-digit codes). RELATIONSHIP TO SIC While many of the individual NAICS industries corre- spond directly to industries as defined under the SIC sys- tem, most of the higher level groupings do not. Particular care should be taken in comparing data for retail trade, wholesale trade, and manufacturing, which are sector titles used in both NAICS and SIC, but cover somewhat dif- ferent groups of industries. The industry definitions dis- cuss the relationships between NAICS and SIC industries. Where changes are significant, it will not be possible to construct time series that include data for points both before and after 1997. For 1997, data for auxiliary establishments (those func- tioning primarily to manage, service, or support the activi- ties of their company’s operating establishments, such as a central administrative office or warehouse) will not be included in the sector-specific reports. These data will be published separately. GEOGRAPHIC AREA CODING Accurate and complete information on the physical location of each establishment is required to tabulate the census data for the states, metropolitan areas (MAs), coun- ties, parishes, and corporate municipalities including cit- ies, towns, villages, and boroughs. Respondents were INTRODUCTION 1 1997 ECONOMIC CENSUS U.S. Census Bureau, 1997 Economic Census required to report their physical location (street address, municipality, county, and state) if it differed from their mailing address. For establishments not surveyed by mail (and those single-establishment companies that did not provide acceptable information on physical location), loca- tion information from Internal Revenue Service tax forms is used as a basis for coding. BASIS OF REPORTING The economic census is conducted on an establishment basis. A company operating at more than one location is required to file a separate report for each store, factory, shop, or other location. Each establishment is assigned a separate industry classification based on its primary activ- ity and not that of its parent company. DOLLAR VALUES All dollar values presented are expressed in current dol- lars; i.e., 1997 data are expressed in 1997 dollars, and 1992 data, in 1992 dollars. Consequently, when making comparisons with prior years, users of the data should consider the changes in prices that have occurred. All dollar values are shown in thousands of dollars. AVAILABILITY OF ADDITIONAL DATA Reports in Print and Electronic Media All results of the 1997 Economic Census are available on the Census Bureau Internet site (www.census.gov) and on compact discs (CD-ROM) for sale by the Census Bureau. Unlike previous censuses, only selected highlights are published in printed reports. For more information, includ- ing a description of electronic and printed reports being issued, see the Internet site, or write to U.S. Census Bureau, Washington, DC 20233-8300, or call Customer Services at 301-457-4100. Special Tabulations Special tabulations of data collected in the 1997 Eco- nomic Census may be obtained, depending on availability of time and personnel, in electronic or tabular form. The data will be summaries subject to the same rules prohibit- ing disclosure of confidential information (including name, address, kind of business, or other data for individual business establishments or companies) that govern the regular publications. Special tabulations are prepared on a cost basis. A request for a cost estimate, as well as exact specifications on the type and format of the data to be provided, should be directed to the Chief of the division named below, U.S. Census Bureau, Washington, DC 20233-8300. To discuss a special tabulation before submitting specifications, call the appropriate division: Manufacturing and Construction Division 301-457-4673 Service Sector Statistics Division 301-457-2668 HISTORICAL INFORMATION The economic census has been taken as an integrated program at 5-year intervals since 1967 and before that for 1954, 1958, and 1963. Prior to that time, individual com- ponents of the economic census were taken separately at varying intervals. The economic census traces its beginnings to the 1810 Decennial Census, when questions on manufacturing were included with those for population. Coverage of economic activities was expanded for the 1840 Decennial Census and subsequent censuses to include mining and some commercial activities. The 1905 Manufactures Census was the first time a census was taken apart from the regular decennial population census. Censuses covering retail and wholesale trade and construction industries were added in 1930, as were some covering service trades in 1933. Cen- suses of construction, manufacturing, and the other busi- ness service censuses were suspended during World War II. The 1954 Economic Census was the first census to be fully integrated: providing comparable census data across economic sectors, using consistent time periods, con- cepts, definitions, classifications, and reporting units. It was the first census to be taken by mail, using lists of firms provided by the administrative records of other Fed- eral agencies. Since 1963, administrative records also have been used to provide basic statistics for very small firms, reducing or eliminating the need to send them cen- sus questionnaires. The range of industries covered in the economic cen- suses expanded between 1967 and 1992. The census of construction industries began on a regular basis in 1967, and the scope of service industries, introduced in 1933, was broadened in 1967, 1977, and 1987. While a few transportation industries were covered as early as 1963, it was not until 1992 that the census broadened to include all of transportation, communications, and utilities. Also new for 1992 was coverage of financial, insurance, and real estate industries. With these additions, the economic census and the separate census of governments and cen- sus of agriculture collectively covered roughly 98 percent of all economic activity. Printed statistical reports from the 1992 and earlier censuses provide historical figures for the study of long- term time series and are available in some large libraries. All of the census reports printed since 1967 are still avail- able for sale on microfiche from the Census Bureau. CD-ROMs issued from the 1987 and 1992 Economic Cen- suses contain databases including nearly all data pub- lished in print, plus additional statistics, such as ZIP Code statistics, published only on CD-ROM. 2 INTRODUCTION 1997 ECONOMIC CENSUS U.S. Census Bureau, 1997 Economic Census SOURCES FOR MORE INFORMATION More information about the scope, coverage, classifica- tion system, data items, and publications for each of the economic censuses and related surveys is published in the Guide to the 1997 Economic Census and Related Statistics at www.census.gov/econguide. More information on the methodology, procedures, and history of the censuses will be published in the History of the 1997 Economic Census at www.census.gov/econ/www/history.html. ABBREVIATIONS AND SYMBOLS The following abbreviations and symbols are used with the 1997 Economic Census data: A Standard error of 100 percent or more. D Withheld to avoid disclosing data of individual companies; data are included in higher level totals. F Exceeds 100 percent because data include establishments with payroll exceeding rev- enue. N Not available or not comparable. Q Revenue not collected at this level of detail for multiestablishment firms. S Withheld because estimates did not meet publication standards. V Represents less than 50 vehicles or .05 percent. X Not applicable. Y Disclosure withheld because of insufficient coverage of merchandise lines. Z Less than half the unit shown. a 0 to 19 employees. b 20 to 99 employees. c 100 to 249 employees. e 250 to 499 employees. f 500 to 999 employees. g 1,000 to 2,499 employees. h 2,500 to 4,999 employees. i 5,000 to 9,999 employees. j 10,000 to 24,999 employees. k 25,000 to 49,999 employees. l 50,000 to 99,999 employees. m 100,000 employees or more. p 10 to 19 percent estimated. q 20 to 29 percent estimated. r Revised. s Sampling error exceeds 40 percent. nec Not elsewhere classified. nsk Not specified by kind. – Represents zero (page image/print only). (CC) Consolidated city. (IC) Independent city. INTRODUCTION 3 1997 ECONOMIC CENSUS U.S. Census Bureau, 1997 Economic Census This page is intentionally blank. 4 INTRODUCTION 1997 ECONOMIC CENSUS U.S. Census Bureau, 1997 Economic Census Finance and Insurance SCOPE The Finance and Insurance sector (sector 52) of the 1997 Economic Census comprises establishments of firms with payroll primarily engaged in financial transactions (transactions involvingthe creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified: 1. Raisingfunds by takingdeposits and/or issuingsecu- rities and, in the process, incurringliabilities. Estab- lishments engaged in this activity use raised funds to acquire financial assets by makingloans and/or pur- chasingsecurities. Puttingthemselves at risk, they channel funds from lenders to borrowers and trans- form or repackage the funds with respect to maturity, scale and risk. This activity is known as financial inter- mediation. 2. Poolingof risk by underwritinginsurance and annu- ities. Establishments engaged in this activity collect fees, insurance premiums, or annuity considerations; build up reserves; invest those reserves; and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment. 3. Providingspecialized services facilitatingor support- ingfinancial intermediation, insurance, and employee benefit programs. In addition, monetary authorities charged with mon- etary control are included in this sector. The subsectors, industry groups, and industries within the Finance and Insurance sector are defined on the basis of their unique production processes. As with all indus- tries, the production processes are distinguished by their use of specialized human resources and specialized physi- cal capital. In addition, the way in which these establish- ments acquire and allocate financial capital, their source of funds, and the use of those funds provides a third basis for distinguishing characteristics of the production pro- cess. For instance, the production process in raisingfunds through deposit-taking is different from the process of raisingfunds in bond or money markets. The process of makingloans to individuals also requires different produc- tion processes than does the creation of investment pools or the underwritingof securities. Most of the Finance and Insurance subsectors contain one or more industry groups of (1) intermediaries with similar patterns of raisingand usingfunds and (2) estab- lishments engaged in activities that facilitate, or are other- wise related to, that type of financial or insurance interme- diation. Industries within this sector are defined in terms of activities for which a production process can be specified, and many of these activities are not exclusive to a particu- lar type of financial institution. To deal with the varied activities takingplace within existingfinancial institutions, the approach is to split these institutions into components performingspecialized services. This requires definingthe units engaged in providing those services and developing procedures that allow for their delineation. For finance and insurance, these units are the equivalents of the establish- ments defined for other industries. The output of many financial services, as well as the inputs and the processes by which they are combined, cannot be observed at a single location and can only be defined at a higher level of the organizational structure of the enterprise. Additionally, a number of independent activities that represent separate and distinct production processes may take place at a single location belonging to a multilocation financial firm. Activities are more likely to be homogeneous with respect to production characteris- tics than are locations, at least in financial services. The North American Industry Classification System (NAICS) defines activities broadly enough that it can be used by those classifyingby location and by those employinga more top-down approach to the delineation of the estab- lishment. The Finance and Insurance sector has been defined to encompass establishments primarily engaged in financial transactions; that is, transactions involvingthe creation, liquidation, or change in ownership of financial assets or in facilitatingfinancial transactions. Financial industries are extensive users of electronic means for facilitatingthe verification of financial balances, authorizingtransactions, transferringfunds to and from transactors’ accounts, noti- fyingbanks (or credit card issuers) of the individual trans- actions, and providingdaily summaries. Since these trans- action processingactivities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processingser- vice are classified to this sector, rather than to the data processingindustry in the Information sector. Funds, trusts, and other financial vehicles (legal entities that hold portfolios of assets on behalf of others) are the fifth subsector of the Finance and Insurance sector. These FINANCE AND INSURANCE 5 1997 ECONOMIC CENSUS U.S. Census Bureau, 1997 Economic Census entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services. Separate establishments and employees devoted to the management of funds are clas- sified in Industry Group 5239, Other Financial Investment Activities. Amongdepository institutions and insurance carriers, many locations with activities which might in other indus- tries be considered as support or auxiliary activities (such as headquarters operations), are included in this report as operatinglocations. GENERAL A list of reports that provide statistics on sector 52 fol- lows. Geographic area report. There is a separate report for each state, the District of Columbia, and the United States. Each state report presents general statistics on number of establishments, revenue, payroll, and employment by kind of business for the state and metropolitan areas (MAs). Greater kind-of-business detail is shown for larger areas. The United States report presents data for the United States as a whole. Sources of revenue report. This report presents sources of revenue data for establishments by kind of business. Data are presented for the United States. Establishment and firm size (including legal form of organization) report. This report presents revenue, payroll, and employment data for the United States by rev- enue size, by employment size, and by legal form of orga- nization for establishments; and by revenue size (includ- ingconcentration by largest firms), by employment size, and by number of establishments operated (single units and multiunits) for firms. Miscellaneous subjects report. This report presents data for establishments for a variety of industry-specific questions. Presentation of data varies by kind of business. GEOGRAPHIC AREAS COVERED The level of geographic detail varies by report. Data may be presented for: 1. The United States as a whole. 2. States and the District of Columbia. 3. Consolidated metropolitan statistical areas (CMSAs) and primary metropolitan statistical areas (PMSAs) defined by the Office of Management and Budget (OMB) as of June 30, 1997. A CMSA is an area used to facilitate the presentation and analysis of data for large concentrations of metropolitan populations. It includes two or more contiguous PMSAs which have a population of at least 1,000,000 (accordingto the 1990 Census of Population or subsequent special cen- sus) and which meet specific criteria of urban charac- ter and of social and economic integration. 4. Metropolitan statistical areas (MSAs) defined by the OMB as of June 30, 1997. An MSA is an integrated eco- nomic and social unit with a population nucleus of at least 50,000 inhabitants (accordingto the 1990 Cen- sus of Population or subsequent special census). Each MSA consists of one or more counties meetingstan- dards of metropolitan character. In New England, cities and towns rather than counties are the component geographic units. COMPARABILITY OF THE 1992 AND 1997 CENSUSES The 1997 Economic Census is the first census to present data based on the new North American Industry Classification System (NAICS). Previous census data were presented accordingto the Standard Industrial Classifica- tion (SIC) system developed some 60 years ago. Due to this change, comparability between census years may be limited. Comparative statistics will be included as part of the Core Business Statistics Reports. DISCLOSURE In accordance with Federal law governing census reports (Title 13 of the United States Code), no data are published that would disclose the operations of an indi- vidual establishment or business. However, the number of establishments in a kind-of-business classification is not considered a disclosure; therefore, this information may be released even though other information is withheld. AVAILABILITY OF MORE FREQUENT ECONOMIC DATA The Census Bureau’s County Business Patterns program offers annual statistics on the number of establishments, employment, and payroll classified by industry within each county. 6 FINANCE AND INSURANCE 1997 ECONOMIC CENSUS U.S. Census Bureau, 1997 Economic Census Table 1. Summary Statistics for the District: 1997 [Includes only establishments of companies with payroll. For meaning of abbreviations and symbols, see introductory text. For explanation of terms, see Appendix A] NAICS code Geographic area and kind of business Percent of revenuem Establish~ ments (number) Revenue ($1,000) Annual payroll ($1,000) First~quarter payroll ($1,000) Paid employees for pay period including March 12 (number) From adminis~ trative records1 Estimated2 DISTRICT OF COLUMBIA 52 Finance & insurance 908 ......................................... N 1 318 725 348 994 16 481 1.4 1.9 522 Credit intermediation & related activities 426 ................................. 23 450 679 568 733 158 538 7 738 .1 .5 5221 Depository credit intermediation 326 ...................................... 1 046 609 164 524 42 260 4 169 – 10.1 52211 Commercial banking 193 .............................................. 695 082 118 797 31 268 2 798 – 12.7 522110 Commercial banking 193 ............................................ 695 082 118 797 31 268 2 798 – 12.7 5221101 National commercial banks (banking) 177 ............................ 649 575 112 584 29 758 2 615 – 12.2 5221102 State commercial banks (banking) 12 .............................. D D D c D D 52212 Savings institutions 36 ............................................... 137 532 16 802 4 362 464 – – 522120 Savings institutions 36 ............................................. 137 532 16 802 4 362 464 – – 5221201 Savings institutions (federally chartered) 36 ......................... 137 532 16 802 4 362 464 – – 52213 Credit unions 97 ..................................................... 213 995 28 925 6 630 907 – 8.2 522130 Credit unions 97 ................................................... 213 995 28 925 6 630 907 – 8.2 5221301 Credit unions (federally chartered) 97 .............................. 213 995 28 925 6 630 907 – 8.2 5222 Nondepository credit intermediation 60 ................................... 22 379 301 397 951 114 785 3 371 .1 – 52222 Sales financing 13 ................................................... D D D b D D 522220 Sales financing 13 ................................................. D D D b D D 52229 Other nondepository credit intermediation 46 ............................ D D D h D D 522291 Consumer lending 12 .............................................. D D D c D D 522292 Real estate credit 17 ............................................... D D D c D D 522298 All other nondepository credit intermediation 10 ........................ D D D c D D 5222981 Pawn shops 8 .................................................. D D D b D D 5223 Activities related to credit intermediation 40 ............................... 24 769 6 258 1 493 198 25.7 14.0 52239 Other activities related to credit intermediation 33 ........................ 15 722 2 847 567 102 39.4 22.0 522390 Other activities related to credit intermediation 33 ...................... 15 722 2 847 567 102 39.4 22.0 523 Securities intermediation & related activities 267 .............................. 1 595 699 482 778 118 255 3 611 3.0 6.7 5231 Securities & commodity contracts intermediation & brokerage 103 ............ 818 534 362 917 83 672 2 524 1.4 11.1 52311 Investment banking & securities dealing 33 ............................. 330 599 176 028 27 617 577 1.8 3.8 523110 Investment banking & securities dealing 33 ........................... 330 599 176 028 27 617 577 1.8 3.8 52312 Securities brokerage 65 .............................................. 474 312 179 643 54 064 1 810 1.0 16.6 523120 Securities brokerage 65 ............................................ 474 312 179 643 54 064 1 810 1.0 16.6 5232 Securities & commodity exchanges 4 ................................... D D D e D D 52321 Securities & commodity exchanges 4 ................................. D D D e D D 523210 Securities & commodity exchanges 4 ............................... D D D e D D 5239 Other financial investment activities 160 ................................... D D D f D D 52391 Miscellaneous intermediation 28 ....................................... D D D c D D 523910 Miscellaneous intermediation 28 ..................................... D D D c D D 52392 Portfolio management 59 ............................................. D D D e D D 523920 Portfolio management 59 ........................................... D D D e D D 52393 Investment advice 65 ................................................ 105 002 34 431 6 466 299 3.6 7.2 523930 Investment advice 65 .............................................. 105 002 34 431 6 466 299 3.6 7.2 52399 All other financial investment activities 8 ............................... D D D b D D 523991 Trust, fiduciary, & custody activities 7 ............................... D D D b D D 524 Insurance carriers & related activities 201 .................................... N 245 019 65 918 4 862 4.6 12.8 5241 Insurance carriers 79 .................................................. N 166 961 45 190 3 216 4.3 13.1 52411 Direct life, health, & medical insurance carriers 38 ....................... Q 135 178 36 954 2 668 5.0 15.3 524113 Direct life insurance carriers 23 ...................................... Q 41 995 10 633 757 – – 524114 Direct health & medical insurance carriers 15 .......................... Q 93 183 26 321 1 911 7.6 23.1 52412 Other direct insurance carriers 39 ...................................... Q D D f D D 524126 Direct property & casualty insurance carriers 33 ....................... Q D D e D D 5242 Agencies, brokerages, & other insurance related activities 122 ............... 251 841 78 058 20 728 1 646 7.5 10.0 52421 Insurance agencies & brokerages 102 ................................... 170 407 50 568 12 707 1 084 9.9 12.8 524210 Insurance agencies & brokerages 102 ................................. 170 407 50 568 12 707 1 084 9.9 12.8 52429 Other insurance related activities 20 ................................... 81 434 27 490 8 021 562 2.6 4.1 524292 Third party administration of insurance & pension funds 11 .............. 7 981 3 315 976 102 4.5 – 525 Funds, trusts, & other financial vehicles (part) 14 ............................ 354 609 22 195 6 283 e 61.4 1.0 5259 Other investment pools & funds (part) 14 ................................. 354 609 22 195 6 283 e 61.4 1.0 52593 Real Estate Investment Trusts (REITs) 14 .............................. 354 609 22 195 6 283 e 61.4 1.0 525930 Real Estate Investment Trusts (REITs) 14 ............................ 354 609 22 195 6 283 e 61.4 1.0 1Includes revenue information obtained from administrative records of other Federal agencies. 2Includes revenue information which was imputed based on historic data, administrative records data, or on industry averages. FINANCE AND INSURANCEmGEOG. AREA SERIES DISTRICT OF COLUMBIA 7 U.S. Census Bureau, 1997 Economic Census Feb. 1, 2000 Table 2. Summary Statistics for Metropolitan Areas: 1997 [Includes only establishments of companies with payroll. For meaning of abbreviations and symbols, see introductory text. For explanation of terms, see Appendix A. For definitions of metropolitan areas (CMSAs, MSAs, and PMSAs), see Appendix E] NAICS code Geographic area and kind of business Percent of revenuem Establish~ ments (number) Revenue ($1,000) Annual payroll ($1,000) First~quarter payroll ($1,000) Paid employees for pay period including March 12 (number) From adminis~ trative records1 Estimated2 WASHINGTON–BALTIMORE, DC–MD–VA–WV CMSA 52 Finance & insurance 10 233 ......................................... N 7 339 466 1 910 084 156 283 1.3 3.4 521 Monetary authoritiesmcentral bank 1 ..................................... 371 000 12 734 3 237 380 – – 5211 Monetary authoritiesmcentral bank 1 ................................... 371 000 12 734 3 237 380 – – 52111 Monetary authoritiesmcentral bank 1 ................................. 371 000 12 734 3 237 380 – – 521110 Monetary authoritiesmcentral bank 1 ............................... 371 000 12 734 3 237 380 – – 522 Credit intermediation & related activities 4 579 ................................. N 3 399 032 869 268 84 229 .2 3.2 5221 Depository credit intermediation 2 701 ...................................... N 1 668 076 419 869 52 112 .2 12.1 52211 Commercial banking 1 886 .............................................. Q 1 112 088 288 282 34 040 .1 10.9 522110 Commercial banking 1 886 ............................................ Q 1 112 088 288 282 34 040 .1 10.9 52212 Savings institutions 430 ............................................... Q D D j D D 522120 Savings institutions 430 ............................................. Q D D j D D 52213 Credit unions 385 ..................................................... D D D i D D 522130 Credit unions 385 ................................................... D D D i D D 5222 Nondepository credit intermediation 1 294 ................................... D D D j D D 52221 Credit card issuing 11 ................................................ D D D g D D 522210 Credit card issuing 11 .............................................. D D D g D D 52222 Sales financing 223 ................................................... D D D h D D 522220 Sales financing 223 ................................................. D D D h D D 52229 Other nondepository credit intermediation 1 060 ............................ 40 613 956 1 211 348 333 168 18 832 .1 .8 522291 Consumer lending 177 .............................................. D D D g D D 522292 Real estate credit 700 ............................................... D D D i D D 522294 Secondary market financing 24 ...................................... D D D i D D 522298 All other nondepository credit intermediation 152 ........................ D D D g D D 5222981 Pawn shops 128 .................................................. D D D f D D 5223 Activities related to credit intermediation 584 ............................... D D D i D D 52231 Mortgage & nonmortgage loan brokers 352 .............................. D D D h D D 522310 Mortgage & nonmortgage loan brokers 352 ............................ D D D h D D 52232 Financial transactions processing, reserve, & clearinghouse act 43 ......... D D D h D D 522320 Financial transactions processing, reserve, & clearinghouse act 43 ....... D D D h D D 52239 Other activities related to credit intermediation 189 ........................ D D D g D D 522390 Other activities related to credit intermediation 189 ...................... D D D g D D 523 Securities intermediation & related activities 1 418 .............................. D D D j D D 5231 Securities & commodity contracts intermediation & brokerage 538 ............ D D D i D D 52311 Investment banking & securities dealing 114 ............................. D D D f D D 523110 Investment banking & securities dealing 114 ........................... D D D f D D 52312 Securities brokerage 396 .............................................. D D D i D D 523120 Securities brokerage 396 ............................................ D D D i D D 52313 Commodity contracts dealing 15 ....................................... D D D c D D 523130 Commodity contracts dealing 15 ..................................... D D D c D D 52314 Commodity contracts brokerage 13 .................................... D D D a D D 523140 Commodity contracts brokerage 13 .................................. D D D a D D 5232 Securities & commodity exchanges 4 ................................... D D D e D D 52321 Securities & commodity exchanges 4 ................................. D D D e D D 523210 Securities & commodity exchanges 4 ............................... D D D e D D 5239 Other financial investment activities 876 ................................... D D D i D D 52391 Miscellaneous intermediation 163 ....................................... 422 556 49 122 12 366 842 17.0 15.1 523910 Miscellaneous intermediation 163 ..................................... 422 556 49 122 12 366 842 17.0 15.1 52392 Portfolio management 371 ............................................. D D D h D D 523920 Portfolio management 371 ........................................... D D D h D D 52393 Investment advice 299 ................................................ D D D g D D 523930 Investment advice 299 .............................................. D D D g D D 52399 All other financial investment activities 43 ............................... D D D f D D 523991 Trust, fiduciary, & custody activities 40 ............................... D D D f D D 524 Insurance carriers & related activities 4 138 .................................... N 2 315 175 589 473 55 033 2.2 3.4 5241 Insurance carriers 1 157 .................................................. N 1 543 712 399 962 35 014 .5 2.5 52411 Direct life, health, & medical insurance carriers 389 ....................... Q D D j D D 524113 Direct life insurance carriers 297 ...................................... Q D D i D D 524114 Direct health & medical insurance carriers 92 .......................... Q D D i D D 52412 Other direct insurance carriers 747 ...................................... Q D D j D D 524126 Direct property & casualty insurance carriers 663 ....................... Q D D j D D 524127 Direct title insurance carriers 78 ..................................... Q D D f D D 52413 Reinsurance carriers 21 .............................................. Q D D c D D 524130 Reinsurance carriers 21 ............................................ Q D D c D D 5242 Agencies, brokerages, & other insurance related activities 2 981 ............... 2 102 264 771 463 189 511 20 019 19.3 12.6 52421 Insurance agencies & brokerages 2 648 ................................... D D D j D D 524210 Insurance agencies & brokerages 2 648 ................................. D D D j D D 52429 Other insurance related activities 333 ................................... D D D i D D 524291 Claims adjusting 102 ................................................ D D D g D D 524292 Third party administration of insurance & pension funds 172 .............. 330 766 160 166 39 254 4 127 12.2 3.2 524298 All other insurance related activities 59 ............................... D D D g D D 525 Funds, trusts, & other financial vehicles (part) 97 ............................ D D D g D D 5259 Other investment pools & funds (part) 97 ................................. D D D g D D 52593 Real Estate Investment Trusts (REITs) 97 .............................. D D D g D D 525930 Real Estate Investment Trusts (REITs) 97 ............................ D D D g D D See footnotes at end of table. 8 DISTRICT OF COLUMBIA FINANCE AND INSURANCEmGEOG. AREA SERIES U.S. Census Bureau, 1997 Economic Census Feb. 1, 2000 Table 2. Summary Statistics for Metropolitan Areas: 1997mCon. [Includes only establishments of companies with payroll. For meaning of abbreviations and symbols, see introductory text. For explanation of terms, see Appendix A. For definitions of metropolitan areas (CMSAs, MSAs, and PMSAs), see Appendix E] NAICS code Geographic area and kind of business Percent of revenuem Establish~ ments (number) Revenue ($1,000) Annual payroll ($1,000) First~quarter payroll ($1,000) Paid employees for pay period including March 12 (number) From adminis~ trative records1 Estimated2 WASHINGTON–BALTIMORE, DC–MD–VA–WV CMSAmCon. Baltimore, MD PMSA 52 Finance & insurance 3 594 ......................................... N 2 591 946 706 695 56 234 1.4 5.0 521 Monetary authoritiesmcentral bank 1 ..................................... 371 000 12 734 3 237 380 – – 5211 Monetary authoritiesmcentral bank 1 ................................... 371 000 12 734 3 237 380 – – 52111 Monetary authoritiesmcentral bank 1 ................................. 371 000 12 734 3 237 380 – – 521110 Monetary authoritiesmcentral bank 1 ............................... 371 000 12 734 3 237 380 – – 522 Credit intermediation & related activities 1 563 ................................. N 949 093 240 759 26 003 .8 8.6 5221 Depository credit intermediation 883 ...................................... N 589 121 156 717 16 841 .1 7.9 52211 Commercial banking 592 .............................................. Q 477 176 130 016 12 918 – 3.0 522110 Commercial banking 592 ............................................ Q 477 176 130 016 12 918 – 3.0 52212 Savings institutions 193 ............................................... Q 75 301 17 674 2 515 .3 25.6 522120 Savings institutions 193 ............................................. Q 75 301 17 674 2 515 .3 25.6 52213 Credit unions 98 ..................................................... 294 914 36 644 9 027 1 408 – 1.8 522130 Credit unions 98 ................................................... 294 914 36 644 9 027 1 408 – 1.8 5222 Nondepository credit intermediation 495 ................................... 1 789 800 304 319 73 043 7 231 1.6 8.5 52222 Sales financing 108 ................................................... 1 040 315 119 699 27 776 2 571 .1 5.6 522220 Sales financing 108 ................................................. 1 040 315 119 699 27 776 2 571 .1 5.6 52229 Other nondepository credit intermediation 386 ............................ D D D h D D 522291 Consumer lending 79 .............................................. D D D f D D 522292 Real estate credit 255 ............................................... 429 979 141 747 35 033 3 470 1.2 17.7 522298 All other nondepository credit intermediation 50 ........................ D D D e D D 5222981 Pawn shops 44 .................................................. D D D c D D 5223 Activities related to credit intermediation 185 ............................... 163 549 55 653 10 999 1 931 5.8 23.8 52231 Mortgage & nonmortgage loan brokers 105 .............................. D D D f D D 522310 Mortgage & nonmortgage loan brokers 105 ............................ D D D f D D 52232 Financial transactions processing, reserve, & clearinghouse act 12 ......... D D D c D D 522320 Financial transactions processing, reserve, & clearinghouse act 12 ....... D D D c D D 52239 Other activities related to credit intermediation 68 ........................ D D D f D D 522390 Other activities related to credit intermediation 68 ...................... D D D f D D 523 Securities intermediation & related activities 409 .............................. D D D i D D 5231 Securities & commodity contracts intermediation & brokerage 152 ............ D D D h D D 52311 Investment banking & securities dealing 25 ............................. D D D c D D 523110 Investment banking & securities dealing 25 ........................... D D D c D D 52312 Securities brokerage 121 .............................................. D D D h D D 523120 Securities brokerage 121 ............................................ D D D h D D 5239 Other financial investment activities 257 ................................... D D D h D D 52391 Miscellaneous intermediation 45 ....................................... D D D e D D 523910 Miscellaneous intermediation 45 ..................................... D D D e D D 52392 Portfolio management 124 ............................................. D D D g D D 523920 Portfolio management 124 ........................................... D D D g D D 52393 Investment advice 73 ................................................ D D D c D D 523930 Investment advice 73 .............................................. D D D c D D 52399 All other financial investment activities 15 ............................... D D D f D D 523991 Trust, fiduciary, & custody activities 14 ............................... D D D f D D 524 Insurance carriers & related activities 1 594 .................................... N 979 672 248 621 22 737 1.8 2.9 5241 Insurance carriers 445 .................................................. N 682 836 177 089 14 747 – 1.9 52411 Direct life, health, & medical insurance carriers 156 ....................... Q 242 295 61 404 6 575 – 1.8 524113 Direct life insurance carriers 125 ...................................... Q D D h D D 524114 Direct health & medical insurance carriers 31 .......................... Q D D h D D 52412 Other direct insurance carriers 282 ...................................... Q D D i D D 524126 Direct property & casualty insurance carriers 262 ....................... Q 426 698 112 739 7 868 – 2.1 524127 Direct title insurance carriers 19 ..................................... Q D D c D D 5242 Agencies, brokerages, & other insurance related activities 1 149 ............... 753 827 296 836 71 532 7 990 21.2 14.3 52421 Insurance agencies & brokerages 994 ................................... 548 111 197 939 47 667 5 298 23.8 13.8 524210 Insurance agencies & brokerages 994 ................................. 548 111 197 939 47 667 5 298 23.8 13.8 52429 Other insurance related activities 155 ................................... 205 716 98 897 23 865 2 692 14.5 15.9 524291 Claims adjusting 50 ................................................ D D D e D D 524292 Third party administration of insurance & pension funds 78 .............. 128 960 63 376 14 839 1 761 17.8 3.3 524298 All other insurance related activities 27 ............................... D D D e D D 525 Funds, trusts, & other financial vehicles (part) 27 ............................ D D D f D D 5259 Other investment pools & funds (part) 27 ................................. D D D f D D 52593 Real Estate Investment Trusts (REITs) 27 .............................. D D D f D D 525930 Real Estate Investment Trusts (REITs) 27 ............................ D D D f D D See footnotes at end of table. FINANCE AND INSURANCEmGEOG. AREA SERIES DISTRICT OF COLUMBIA 9 U.S. Census Bureau, 1997 Economic Census Feb. 1, 2000 Table 2. Summary Statistics for Metropolitan Areas: 1997mCon. [Includes only establishments of companies with payroll. For meaning of abbreviations and symbols, see introductory text. For explanation of terms, see Appendix A. For definitions of metropolitan areas (CMSAs, MSAs, and PMSAs), see Appendix E] NAICS code Geographic area and kind of business Percent of revenuem Establish~ ments (number) Revenue ($1,000) Annual payroll ($1,000) First~quarter payroll ($1,000) Paid employees for pay period including March 12 (number) From adminis~ trative records1 Estimated2 WASHINGTON–BALTIMORE, DC–MD–VA–WV CMSAmCon. Hagerstown, MD PMSA 52 Finance & insurance 179 ......................................... N 151 501 34 382 4 934 1.3 3.0 522 Credit intermediation & related activities 94 ................................. N 124 326 27 841 4 201 .1 4.5 5221 Depository credit intermediation 73 ...................................... N 22 994 5 551 954 – 8.1 52211 Commercial banking 61 .............................................. Q 15 824 3 867 614 – 11.7 522110 Commercial banking 61 ............................................ Q 15 824 3 867 614 – 11.7 5222 Nondepository credit intermediation 17 ................................... D D D b D D 52229 Other nondepository credit intermediation 14 ............................ D D D b D D 523 Securities intermediation & related activities 11 .............................. 13 530 5 113 1 191 61 – 1.7 524 Insurance carriers & related activities 74 .................................... N 22 062 5 350 672 3.5 .5 5241 Insurance carriers 21 .................................................. N 13 079 3 090 384 – – 52411 Direct life, health, & medical insurance carriers 10 ....................... Q D D c D D 52412 Other direct insurance carriers 11 ...................................... Q D D c D D 524126 Direct property & casualty insurance carriers 11 ....................... Q D D c D D 5242 Agencies, brokerages, & other insurance related activities 53 ............... 21 447 8 983 2 260 288 39.1 5.4 52421 Insurance agencies & brokerages 43 ................................... D D D c D D 524210 Insurance agencies & brokerages 43 ................................. D D D c D D 52429 Other insurance related activities 10 ................................... D D D b D D Washington, DC–MD–VA–WV PMSA 52 Finance & insurance 6 460 ......................................... N 4 596 019 1 169 007 95 115 1.2 3.0 522 Credit intermediation & related activities 2 922 ................................. N 2 325 613 600 668 54 025 .2 2.6 5221 Depository credit intermediation 1 745 ...................................... N 1 055 961 257 601 34 317 .2 14.3 52211 Commercial banking 1 233 .............................................. Q 619 088 154 399 20 508 .1 16.6 522110 Commercial banking 1 233 ............................................ Q 619 088 154 399 20 508 .1 16.6 52212 Savings institutions 231 ............................................... Q 231 378 56 510 7 462 .6 17.3 522120 Savings institutions 231 ............................................. Q 231 378 56 510 7 462 .6 17.3 52213 Credit unions 281 ..................................................... 1 371 393 205 495 46 692 6 347 – 4.2 522130 Credit unions 281 ................................................... 1 371 393 205 495 46 692 6 347 – 4.2 5222 Nondepository credit intermediation 782 ................................... 40 834 520 1 119 022 309 231 15 904 .1 .6 52222 Sales financing 113 ................................................... 588 676 45 502 10 353 703 1.8 6.6 522220 Sales financing 113 ................................................. 588 676 45 502 10 353 703 1.8 6.6 52229 Other nondepository credit intermediation 660 ............................ D D D j D D 522291 Consumer lending 95 .............................................. 192 889 16 616 4 040 448 .1 10.6 522292 Real estate credit 439 ............................................... 819 545 277 047 60 416 5 910 1.9 17.8 522294 Secondary market financing 23 ...................................... D D D i D D 522298 All other nondepository credit intermediation 98 ........................ D D D f D D 5222981 Pawn shops 80 .................................................. 37 984 9 308 2 121 365 14.3 5.3 5223 Activities related to credit intermediation 395 ............................... 708 675 150 630 33 836 3 804 4.2 5.1 52231 Mortgage & nonmortgage loan brokers 245 .............................. 149 912 67 431 13 324 1 928 12.6 19.1 522310 Mortgage & nonmortgage loan brokers 245 ............................ 149 912 67 431 13 324 1 928 12.6 19.1 52232 Financial transactions processing, reserve, & clearinghouse act 29 ......... 425 544 44 365 10 375 668 .6 .6 522320 Financial transactions processing, reserve, & clearinghouse act 29 ....... 425 544 44 365 10 375 668 .6 .6 52239 Other activities related to credit intermediation 121 ........................ 133 219 38 834 10 137 1 208 6.2 4.0 522390 Other activities related to credit intermediation 121 ...................... 133 219 38 834 10 137 1 208 6.2 4.0 523 Securities intermediation & related activities 998 .............................. 2 705 322 860 551 202 133 8 202 6.6 8.5 5231 Securities & commodity contracts intermediation & brokerage 378 ............ 1 375 927 570 055 131 707 4 910 2.6 11.5 52311 Investment banking & securities dealing 88 ............................. D D D f D D 523110 Investment banking & securities dealing 88 ........................... D D D f D D 52312 Securities brokerage 268 .............................................. 939 361 361 763 96 229 3 927 2.3 14.5 523120 Securities brokerage 268 ............................................ 939 361 361 763 96 229 3 927 2.3 14.5 52313 Commodity contracts dealing 12 ....................................... D D D c D D 523130 Commodity contracts dealing 12 ..................................... D D D c D D 52314 Commodity contracts brokerage 10 .................................... D D D a D D 523140 Commodity contracts brokerage 10 .................................. D D D a D D 5232 Securities & commodity exchanges 4 ................................... D D D e D D 52321 Securities & commodity exchanges 4 ................................. D D D e D D 523210 Securities & commodity exchanges 4 ............................... D D D e D D 5239 Other financial investment activities 616 ................................... D D D h D D 52391 Miscellaneous intermediation 118 ....................................... D D D e D D 523910 Miscellaneous intermediation 118 ..................................... D D D e D D 52392 Portfolio management 245 ............................................. 361 420 131 070 31 009 1 446 4.8 5.9 523920 Portfolio management 245 ........................................... 361 420 131 070 31 009 1 446 4.8 5.9 52393 Investment advice 225 ................................................ 273 513 94 610 16 772 1 066 21.4 5.9 523930 Investment advice 225 .............................................. 273 513 94 610 16 772 1 066 21.4 5.9 52399 All other financial investment activities 28 ............................... D D D b D D 523991 Trust, fiduciary, & custody activities 26 ............................... D D D b D D See footnotes at end of table. 10 DISTRICT OF COLUMBIA FINANCE AND INSURANCEmGEOG. AREA SERIES U.S. Census Bureau, 1997 Economic Census Feb. 1, 2000 Table 2. Summary Statistics for Metropolitan Areas: 1997mCon. [Includes only establishments of companies with payroll. For meaning of abbreviations and symbols, see introductory text. For explanation of terms, see Appendix A. For definitions of metropolitan areas (CMSAs, MSAs, and PMSAs), see Appendix E] NAICS code Geographic area and kind of business Percent of revenuem Establish~ ments (number) Revenue ($1,000) Annual payroll ($1,000) First~quarter payroll ($1,000) Paid employees for pay period including March 12 (number) From adminis~ trative records1 Estimated2 WASHINGTON–BALTIMORE, DC–MD–VA–WV CMSAmCon. Washington, DC–MD–VA–WV PMSAmCon. 52 Finance & insurancemCon. 524 Insurance carriers & related activities 2 470 .................................... N 1 313 441 335 502 31 624 2.4 3.7 5241 Insurance carriers 691 .................................................. N 847 797 219 783 19 883 .8 2.9 52411 Direct life, health, & medical insurance carriers 223 ....................... Q 412 905 108 841 9 271 1.2 3.8 524113 Direct life insurance carriers 164 ...................................... Q 200 467 50 112 4 567 – .3 524114 Direct health & medical insurance carriers 59 .......................... Q 212 438 58 729 4 704 2.6 7.6 52412 Other direct insurance carriers 454 ...................................... Q D D j D D 524126 Direct property & casualty insurance carriers 390 ....................... Q 403 698 103 140 9 785 .2 1.6 524127 Direct title insurance carriers 59 ..................................... Q D D e D D 52413 Reinsurance carriers 14 .............................................. Q D D c D D 524130 Reinsurance carriers 14 ............................................ Q D D c D D 5242 Agencies, brokerages, & other insurance related activities 1 779 ............... 1 326 990 465 644 115 719 11 741 17.8 11.8 52421 Insurance agencies & brokerages 1 611 ................................... 918 772 303 911 72 182 7 504 23.3 15.2 524210 Insurance agencies & brokerages 1 611 ................................. 918 772 303 911 72 182 7 504 23.3 15.2 52429 Other insurance related activities 168 ................................... 408 218 161 733 43 537 4 237 5.5 4.0 524291 Claims adjusting 47 ................................................ 115 890 43 961 14 426 1 279 3.3 3.3 524292 Third party administration of insurance & pension funds 89 .............. 198 882 95 474 24 006 2 315 7.6 3.1 524298 All other insurance related activities 32 ............................... 93 446 22 298 5 105 643 3.7 7.0 525 Funds, trusts, & other financial vehicles (part) 70 ............................ 2 274 212 96 414 30 704 1 264 10.2 .3 5259 Other investment pools & funds (part) 70 ................................. 2 274 212 96 414 30 704 1 264 10.2 .3 52593 Real Estate Investment Trusts (REITs) 70 .............................. 2 274 212 96 414 30 704 1 264 10.2 .3 525930 Real Estate Investment Trusts (REITs) 70 ............................ 2 274 212 96 414 30 704 1 264 10.2 .3 1Includes revenue information obtained from administrative records of other Federal agencies. 2Includes revenue information which was imputed based on historic data, administrative records data, or on industry averages. FINANCE AND INSURANCEmGEOG. AREA SERIES DISTRICT OF COLUMBIA 11 U.S. Census Bureau, 1997 Economic Census Feb. 1, 2000 Appendix A. Explanation of Terms ANNUAL PAYROLL Payroll includes all forms of compensation, such as salaries, wages, commissions, dismissal pay, bonuses, vacation allowances, sick-leave pay, and employee contri- butions to qualified pension plans paid during the year to all employees. Payroll does not include commissions paid to independent (nonemployee) agents, such as insurance agents. For corporations, payroll includes amounts paid to officers and executives; for unincorporated businesses, it does not include profit or other compensation of propri- etors or partners. Payroll is reported before deductions for social security, income tax, insurance, union dues, etc. This definition of payroll is the same as that used by the Internal Revenue Service (IRS) on form 941. FIRST QUARTER PAYROLL ($1,000) Represents payroll paid to persons employed at any time during the quarter January to March 1997. NUMBER OF EMPLOYEES Paid employees consist of the full-time and part-time employees who were on the payroll during the pay period including March 12 , including salaried officers and execu- tives of corporations. Included are employees on paid sick leave, paid holidays, and paid vacations; not included are proprietors and partners of unincorporated businesses. Excluded are independent (nonemployee) agents. The defi- nition of paid employees is the same as that used on IRS form 941. NUMBER OF ESTABLISHMENTS An establishment is generally a single physical location at which business is conducted. It is not necessarily identi- cal with a company or enterprise, which may consist of one establishment or more. Economic census figures rep- resent a summary of reports for individual establishments rather than companies. For cases where a census report was received, separate information was obtained for each location where business was conducted. When administra- tive records of other Federal agencies were used instead of a census report, no information was available on the number of locations operated. The count of establish- ments represents those in business at any time during 1997. When two or more activities were carried on at a single location under a single ownership, all activities generally were grouped together as a single establishment. The entire establishment was classified on the basis of its major activity and all data for it were included in that clas- sification. However, when distinct and separate economic activities (for which different industry classification codes were appropriate) were conducted at a single location under a single ownership, separate establishment reports for each of the different activities were obtained in the census. REVENUE Includes revenue from all business activities whether or not payment was received in the census year, including commissions and fees from all sources, rents, net invest- ment income, interest, dividends, royalties, and net insur- ance premiums earned. Revenue from leasing property marketed under operating leases is included, as well as interest earned from property marketed under capital, finance, or full payout leases. Revenue also includes the total value of service contracts and amounts received for work subcontracted to others. Revenue does not include sales and other taxes col- lected from customers and remitted directly by the firm to a local, state, or Federal tax agency. SALES, RECEIPTS, OR REVENUE ESTIMATED (PERCENT) Percent of total sales/receipts/revenue that was imputed based on historic company ratios or administra- tive records, or on industry averages. SALES, RECEIPTS, OR REVENUE FROM ADMINISTRA- TIVE RECORDS (PERCENT) Percent of total sales/receipts/revenue obtained from administrative records of other Federal agencies. APPENDIX A A–1 FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census Appendix B. NAICS Codes, Titles, and Descriptions 52 FINANCE AND INSURANCE The Finance and Insurance sector comprises establish- ments primarily engaged in financial transactions (transac- tions involving the creation, liquidation, or change in own- ership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identi- fied: Raising funds by taking deposits and/or issuing securi- ties and, in the process, incurring liabilities. Establish- ments engaged in this activity use raised funds to acquire financial assets by making loans and/or purchasing securi- ties. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk. This activity is known as financial intermediation. Pooling of risk by underwriting insurance and annuities. Establishments engaged in this activity collect fees, insur- ance premiums, or annuity considerations; build up reserves; invest those reserves; and make contractual pay- ments. Fees are based on the expected incidence of the insured risk and the expected return on investment. Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs. In addition, monetary authorities charged with mon- etary control are included in this sector. The subsectors, industry groups, and industries within the NAICS Finance and Insurance sector are defined on the basis of their unique production processes. As with all industries, the production processes are distinguished by their use of specialized human resources and specialized physical capital. In addition, the way in which these estab- lishments acquire and allocate financial capital, their source of funds, and the use of those funds provides a third basis for distinguishing characteristics of the produc- tion process. For instance, the production process in rais- ing funds through deposit-taking is different from the pro- cess of raising funds in bond or money markets. The process of making loans to individuals also requires differ- ent production processes than does the creation of invest- ment pools or the underwriting of securities. Most of the Finance and Insurance subsectors contain one or more industry groups of (1) intermediaries with similar patterns of raising and using funds and (2) estab- lishments engaged in activities that facilitate, or are other- wise related to, that type of financial or insurance interme- diation. Industries within this sector are defined in terms of activities for which a production process can be specified, and many of these activities are not exclusive to a particu- lar type of financial institution. To deal with the varied activities taking place within existing financial institutions, the approach is to split these institutions into components performing specialized services. This requires defining the units engaged in providing those services and developing procedures that allow for their delineation. These units are the equivalents for finance and insurance of the establish- ments defined for other industries. The output of many financial services, as well as the inputs and the processes by which they are combined, cannot be observed at a single location and can only be defined at a higher level of the organizational structure of the enterprise. Additionally, a number of independent activities that represent separate and distinct production processes may take place at a single location belonging to a multilocation financial firm. Activities are more likely to be homogeneous with respect to production characteris- tics than are locations, at least in financial services. The classification defines activities broadly enough that it can be used both by those classifying by location and by those employing a more top-down approach to the delineation of the establishment. Establishments engaged in activities that facilitate, or are otherwise related to, the various types of intermedia- tion have been included in individual subsectors, rather than in a separate subsector dedicated to services alone because these services are performed by intermediaries as well as by specialist establishments and the extent to which the activity of the intermediaries can be separately identified is not clear. The Finance and Insurance sector has been defined to encompass establishments primarily engaged in financial transactions; that is, transactions involving the creation, liquidation, or change in ownership of financial assets or in facilitating financial transactions. Financial industries are extensive users of electronic means for facilitating the verification of financial balances, authorizing transactions, transferring funds to and from transactors’ accounts, noti- fying banks (or credit card issuers) of the individual trans- actions, and providing daily summaries. Since these trans- action processing activities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processing ser- vice are classified to this sector, rather than to the data processing industry in the Information sector. APPENDIX B B–1 FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census Legal entities that hold portfolios of assets on behalf of others are significant and data on them are required for a variety of purposes. Thus for NAICS, these funds, trusts, and other financial vehicles are the fifth subsector of the Finance and Insurance sector. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services. Separate establishments and employees devoted to the management of funds are classified in Industry Group 5239, Other Financial Investment Activities. 521 Monetary Authorities-Central Bank The Monetary Authorities-Central Bank subsector groups establishments that engage in performing central banking functions, such as issuing currency, managing the Nation’s money supply and international reserves, holding deposits that represent the reserves of other banks and other central banks, and acting as fiscal agent for the cen- tral government. 5211 Monetary Authorities-Central Bank This NAICS industry group includes establishments classified in the following NAICS industry(ies):52111, Monetary Authorities-Central Bank 52111 Monetary Authorities-Central Bank This industry comprises establishments primarily engaged in performing central banking functions, such as issuing currency, managing the Nation’s money supply and international reserves, holding deposits that represent the reserves of other banks and other central banks, and acting as fiscal agent for the central government. 521110 Monetary Authorities-Central Bank This industry comprises establishments primarily engaged in performing central banking functions, such as issuing currency, managing the Nation’s money supply and international reserves, holding deposits that represent the reserves of other banks and other central banks, and acting as fiscal agent for the central government. The data published with NAICS code 521110 include these parts of the following SIC industries: 6011 Monetary authorities - central bank 522 Credit Intermediation and Related Activities Industries in the Credit Intermediation and Related Activities subsector group establishments that (1) lend funds raised from depositors; (2) lend funds raised from credit market borrowing; or (3) facilitate the lending of funds or issuance of credit by engaging in such activities as mortgage and loan brokerage, clearinghouse and reserve services, and check cashing services. 5221 Depository Credit Intermediation This industry group comprises establishments primarily engaged in accepting deposits (or share deposits) and in lending funds from these deposits. Within this group, industries are defined on the basis of differences in the types of deposit liabilities assumed and in the nature of the credit extended. 52211 Commercial Banking This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Com- mercial banks and branches of foreign banks are included in this industry. 522110 Commercial Banking This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Com- mercial banks and branches of foreign banks are included in this industry. The data published with NAICS code 522110 include these parts of the following SIC industries: 6021 (pt) National commercial banks (banking) 6022 (pt) State commercial banks (banking) 6029 Other commercial banks 6081 (pt) Branches of foreign banks 6099 (pt) Representative offices of foreign banks 5221101 National Commercial Banks (Banking) Establishments primarily engaged in accepting deposits and granting withdrawals; making commercial, institu- tional, and consumer loans; and providing other customer financial transactions. These depository institutions are chartered by the Federal Government. 5221102 State Commercial Banks (Banking) Establishments primarily engaged in accepting deposits and granting withdrawals, making commercial, institu- tional, and consumer loans; and providing customer finan- cial transactions. These depository institutions are char- tered by one of the states, the District of Columbia, or territories. 5221103 Other Commercial Banks Establishments primarily engaged in accepting deposits and granting withdrawals, and providing other customer financial transactions. These depository institutions are not chartered by the Federal Government, any of the states, the District of Columbia or territories. B–2 APPENDIX B FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census 5221104 Branches of Foreign Banks Establishments of foreign banks operating as branches that specialize in commercial loans. They typically fund themselves via large denomination interbank deposits, rather than through smaller denomination retail deposits. 5221109 Representative Offices of Foreign Banks Establishments primarily engaged in representing for- eign banks. These establishments generally have no rev- enue. 52212 Savings Institutions This industry comprises establishments primarily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high-grade securities. Savings and loan associations and savings banks are included in this industry. 522120 Savings Institutions This industry comprises establishments primarily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high-grade securities. Savings and loan associations and savings banks are included in this industry. The data published with NAICS code 522120 include these parts of the following SIC Industries: 6035 Savings institutions (federally chartered) 6036 Savings institutions (not federally chartered) 6141 Remedial loan societies and mutual benefit associations (deposit) 5221201 Savings Institutions, Federally Chartered Establishments, operating under Federal charter, prima- rily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high grade securi- ties. 5221203 Savings Institutions, Not Federally Chartered Establishments, not operating under Federal charter, primarily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high grade securities. 5221209 Remedial Loan Societies and Mutual Benefit Associations (Depository) Establishments (other than credit unions, savings and loan associations and savings banks) primarily engaged in accepting deposits, granting withdrawals, and serving the savings and credit needs of its members. 52213 Credit Unions This industry comprises establishments primarily engaged in accepting members’ share deposits in coopera- tives that are organized to offer consumer loans to their members. 522130 Credit Unions This industry comprises establishments primarily engaged in accepting members’ share deposits in coopera- tives that are organized to offer consumer loans to their members. The data published with NAICS code 522130 include these parts of the following SIC industries: 6061 Credit unions (federally chartered) 6062 Credit unions (not federally chartered) 5221301 Credit Unions, Federally Chartered Establishments chartered by the Federal Government as ‘‘cooperatives’’, primarily engaged in selling shares, grant- ing withdrawals, making loans, and providing other finan- cial transactions for their members. 5221309 Credit Unions, Not Federally Chartered Establishments chartered by other than the Federal Government as ‘‘cooperatives’’, primarily engaged in sell- ing shares, granting withdrawals, making loans, and pro- viding other financial transactions for their members. 52219 Other Depository Credit Intermediation This industry comprises establishments primarily engaged in accepting deposits and lending funds (except commercial banking, savings institutions, and credit unions). Establishments known as industrial banks or Mor- ris Plans and primarily engaged in accepting deposits, and private banks (i.e., unincorporated banks) are included in this industry. 522190 Other Depository Credit Intermediation This industry comprises establishments primarily engaged in accepting deposits and lending funds (except commercial banking, savings institutions, and credit unions). Establishments known as industrial banks or Mor- ris Plans and primarily engaged in accepting deposits, and private banks (i.e., unincorporated banks) are included in this industry. The data published with NAICS code 522190 include these parts of the following SIC industries: 6022 (pt) Other depository credit intermediation 5222 Nondepository Credit Intermediation This industry group comprises establishments, both public (government-sponsored enterprises) and private, primarily engaged in extending credit or lending funds APPENDIX B B–3 FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census raised by credit market borrowing, such as issuing com- mercial paper or other debt instruments or by borrowing from other financial intermediaries. Within this group, industries are defined on the basis of the type of credit being extended. 52221 Credit Card Issuing This industry comprises establishments primarily engaged in providing credit by issuing credit cards. Credit card issuance provides the funds required to purchase goods and services in return for payment of the full bal- ance or payments on an installment basis. Credit card banks are included in this industry. 522210 Credit Card Issuing This industry comprises establishments primarily engaged in providing credit by issuing credit cards. Credit card issuance provides the funds required to purchase goods and services in return for payment of the full bal- ance or payments on an installment basis. Credit card banks are included in this industry. The data published with NAICS code 522210 include these parts of the following SIC industries: 6021 (pt) National commercial banks (credit card issuing) 6022 (pt) State commercial banks (credit card issuing) 6141 (pt) Credit card issuing by personal credit institutions 6153 (pt) Other short-term business credit institutions 5222101 National Commercial Banks (Credit Card Issuing) Establishments of banks chartered by the Federal Gov- ernment, primarily engaged in issuing credit cards or charge cards to consumers and businesses for purchasing goods and services on an installment basis. 5222102 State Commercial Banks (Credit Card Issuing) Establishments of banks chartered by one of the states, the District of Columbia, or territories, primarily engaged in issuing credit cards or charge cards to consumers and businesses for purchasing goods and services on an installment basis. 5222103 Credit Card Issuing by Personal Credit Institutions Establishments of personal credit institutions (other than banks) primarily engaged in issuing credit cards or charge cards to individuals or consumers for purchasing goods and services on an installment basis. 5222109 Credit Card Issuing by Business Credit Institutions, Not Elsewhere Classified Establishments of short-term business credit institu- tions, not elsewhere classified, primarily engaged in pro- viding credit (including credit cards) to businesses and other organizations for relatively short periods. 52222 Sales Financing This industry comprises establishments primarily engaged in sales financing or sales financing in combina- tion with leasing. Sales financing establishments are pri- marily engaged in lending money for the purpose of pro- viding collaterized goods through a contractual installment sales agreement, either directly from or through arrangements with dealers. 522220 Sales Financing This industry comprises establishments primarily engaged in sales financing or sales financing in combina- tion with leasing. Sales financing establishments are pri- marily engaged in lending money for the purpose of pro- viding collaterized goods through a contractual installment sales agreement, either directly from or through arrangements with dealers. The data published with NAICS code 522220 include these parts of the following SIC industries: 6141 (pt) Automotive sales finance companies 6141 (pt) Sales finance companies (except automotive) 6153 (pt) Commercial finance companies 6159 (pt) Financing leases 5222201 Automotive Sales Finance Companies Establishments primarily engaged in lending money to individuals for automotive purchases, including trucks, either directly to individuals or through sales financing arrangements with dealers. 5222202 Sales Finance Companies, Except Automotive Establishments primarily engaged in lending money to individuals for the retail purchase of consumer goods (other than automotive), either directly to individuals or through sales financing arrangements with dealers. 5222203 Commercial Finance Companies Establishments primarily engaged in granting short- term credit to business or commercial enterprises (other than in exchange for credit-related assets). 5222209 Financing Leases Establishments primarily engaged in providing financ- ing for equipment or other assets to customers through a lease agreement, where the lessee acquires substantially B–4 APPENDIX B FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census all the benefits of its use, and takes all the risks associ- ated with its ownership. The lessee is responsible for maintenance and taxes, and may have the option to take title to the leased equipment at the end of the lease. 52229 Other Nondepository Credit Intermediation This industry comprises establishments primarily engaged in making cash loans or extending credit through credit instruments (except credit cards and sales finance agreements). 522291 Consumer Lending This U.S. industry comprises establishments primarily engaged in making unsecured cash loans to consumers. The data published with NAICS code 522291 include these parts of the following SIC industries: 6141 (pt) Consumer & personal finance companies 6141 (pt) Other personal credit institutions 5222911 Consumer and Personal Finance Companies Establishments primarily engaged in providing unse- cured cash loans to individuals or consumers for non- specified purposes, including student loans. 5222919 Other Personal Credit Institutions Establishments of nondepository credit institutions, not elsewhere classified, primarily engaged in providing credit to individuals and issuing personal loans. 522292 Real Estate Credit This U.S. industry comprises establishments primarily engaged in lending funds with real estate as collateral. The data published with NAICS code 522292 include these parts of the following SIC industries: 6111 (pt) Federally-sponsored credit agencies, primarily real estate 6159 (pt) Farm mortgage companies 6162 (pt) Mortgage bankers & loan correspondents 5222921 Federal and Federally-Sponsored Credit Agencies, Primarily Real Estate Credit Establishments of Federal and Federally-sponsored credit agencies primarily engaged in making real estate loans. Federally-sponsored credit agencies are established under authority of Federal legislation, but are not regarded as part of the government. They are often owned by their members or borrowers. Establishments of Federal credit agencies are out of scope of the census. 5222922 FarmMortgage Companies Establishments primarily engaged in making long-term farm real estate loans (except Federal and Federally- sponsored credit agencies). 5222929 Mortgage Bankers and Loan Correspon- dents Establishments primarily engaged in originating (mak- ing) and selling mortgage and other real estate loans (except farm) to permanent investors, and servicing these loans. 522293 International Trade Financing This U.S. industry comprises establishments primarily engaged in providing one or more of the following:(1) working capital funds to U.S. exporters; (2) lending funds to foreign buyers of U.S. goods; and (3) lending funds to domestic buyers of imported goods. The data published with NAICS code 522293 include these parts of the following SIC industries: 6081 (pt) Agencies of foreign banks, primarily trade finance 6082 (pt) Agreement & Edge Act Corporations, primarily trade finance 6111 (pt) Federally-sponsored credit agencies, primarily trade finance 6159 (pt) International trade credit 5222931 Agencies of Foreign Banks Primarily Engaged in Trade Finance Establishments primarily operating as agencies of for- eign banks that specialize in trade (import and/or export) finance. They typically fund themselves via large denomi- nation interbank deposits, rather than through smaller denomination retail deposits. 5222932 Agreement and Edge Act Corporations Primarily Engaged in Trade Finance Establishment of Agreement and Edge Act corporations, operating under Federal or state charter, primarily engaged in financing foreign trade. Also included in this industry are domestically-owned Federal or state-chartered institutions that only operate outside the United States. 5222933 Federal and Federally-Sponsored Credit Agencies, Primarily Trade Finance Establishments of Federal and Federally-sponsored credit agencies primarily engaged in facilitating the financ- ing of exports and imports and the exchange of commodi- ties between the U.S. and any foreign country. These establishments may also guarantee or insure exports and imports. Federally-sponsored credit agencies are estab- lished under authority of Federal legislation, but are not APPENDIX B B–5 FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census regarded as part of the government. They are often owned by their members or borrowers. Establishments of Federal credit agencies are out of scope of the census. 5222939 International Trade Credit Establishments primarily engaged in providing financ- ing for foreign buyers of U.S. goods (exports) or assis- tance in financing imports. 522294 Secondary Market Financing This U.S. industry comprises establishments primarily engaged in buying, pooling, and repackaging loans for sale to others on the secondary market. The data published with NAICS code 522294 include these parts of the following SIC industries: 6111 (pt) Federally-sponsored credit agencies, primarily secondary market 6159 (pt) Secondary market financing 5222941 Federal and Federally-Sponsored Credit Agencies, Primarily Secondary Market Establishments of Federal and Federally-sponsored credit agencies primarily engaged in buying, selling, pool- ing, or repackaging loans for sale to others on the second- ary market. Federally-sponsored credit agencies are estab- lished under authority of Federal legislation, but are not regarded as part of the government. They are often owned by their members or borrowers. Establishments of Federal credit agencies are out of scope of the census. 5222949 Secondary Market Financing (Private) Private establishments primarily engaged in buying, selling, pooling, or repackaging loans for sale to others on the secondary market. 522298 All Other Nondepository Credit Intermediation This U.S. industry comprises establishments primarily engaged in providing nondepository credit (except credit card issuing, sales financing, consumer lending, real estate credit, international trade financing, and secondary market financing). Examples of types of lending in this industry are:short-term inventory credit, agricultural lend- ing (except real estate and sales financing) and consumer cash lending secured by personal property. The data published with NAICS code 522298 include these parts of the following SIC industries: 5932 (pt) Pawn shops 6081 (pt) Agencies of foreign banks, primarily commercial finance 6111 (pt) Other federally-sponsored credit agencies 6153 (pt) Factors 6159 (pt) Agricultural credit (except federally- sponsored) 6159 (pt) Other miscellaneous business credit institutions 5222981 Pawnshops Establishments primarily engaged in lending money at interest in exchanged for personal property left as security and selling the merchandise if the property is not reclaimed. 5222982 Agencies of Foreign Banks Primarily Engaged in Commercial Finance Establishments primarily operating as agencies of for- eign banks that specialize in domestic commercial finance. They typically fund themselves via large denomination interbank deposits, rather than through smaller denomina- tion retail deposits. 5222983 Other Federal and Federally-Sponsored Credit Agencies Establishments of Federal and Federally-sponsored credit agencies primarily engaged in guaranteeing, insur- ing, and making loans, (except real estate credit, trade finance, or the secondary market). Federally-sponsored credit agencies are established under authority of Federal legislation, but are not regarded as part of the Govern- ment. They are often owned by their members or borrow- ers. Establishments of Federal credit agencies are out of scope of the census. 5222984 Factors Establishments primarily engaged in providing short- term capital to businesses in exchange for (or in consider- ation of) credit-related assets, such as installment notes, commercial paper, accounts receivable, and credit card debt. 5222985 Agricultural Credit (Except Federal and Federally-Sponsored) Establishments (except Federal and Federally-sponsored credit agencies) primarily engaged in providing nonde- pository agricultural (nonmortgage) credit and loans. 5222989 Other Miscellaneous Business Credit Institutions Establishments primarily engaged in providing credit or capital to businesses and other organizations for interme- diate and long-term periods (more than 1 year). 5223 Activities Related to Credit Intermediation This industry group comprises establishments primarily engaged in facilitating credit intermediation by performing activities, such as arranging loans by bringing borrowers and lenders together and clearing checks and credit card transactions. B–6 APPENDIX B FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census 52231 Mortgage and Nonmortgage Loan Brokers This industry comprises establishments primarily engaged in arranging loans by bringing borrowers and lenders together on a commission or fee basis. 522310 Mortgage and Nonmortgage Loan Brokers This industry comprises establishments primarily engaged in arranging loans by bringing borrowers and lenders together on a commission or fee basis. The data published with NAICS code 522310 include these parts of the following SIC industries: 6163 Mortgage & nonmortgage loan brokers 52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities This industry comprises establishments primarily engaged in providing one or more of the following:(1) financial transaction processing (except central banks); (2) reserve and liquidity services (except central banks); and (3) check or other financial instrument clearinghouse ser- vices (except central banks). 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities This industry comprises establishments primarily engaged in providing one or more of the following:(1) financial transaction processing (except central banks); (2) reserve and liquidity services (except central banks); and (3) check or other financial instrument clearinghouse ser- vices (except central banks). The data published with NAICS code 522320 include these parts of the following SIC industries: 6019 (pt) Other central reserve depository institutions 6099 (pt) Electr funds trans & automated clearing- houses for banks & checks 6153 (pt) Credit card service by business credit institutions 7389 (pt) Credit card processing 5223201 Other Central Reserve Depository Institutions Establishments primarily engaged in providing reserve and overnight advance services to their members, such as savings banks, savings and loan associations, or credit unions. These central reserve depository institutions gen- erally do not receive deposits from, or make advances to, other enterprises or individuals. 5223202 Electronic Funds Transfer and Automated Clearinghouse for Banks and Checks Establishments primarily engaged in providing elec- tronic funds transfer, or check or other financial instru- ment clearing house services. 5223203 Credit Card Service by Business Credit Institutions Establishments of credit institutions primarily engaged in servicing credit cards. 5223209 Credit Card Processing Establishments primarily engaged in providing credit card transaction processing services (except credit card issuing institutions). 52239 Other Activities Related to Credit Intermediation This industry comprises establishments primarily engaged in facilitating credit intermediation (except mort- gage and loan brokerage; and financial transactions pro- cessing, reserve, and clearinghouse activities). 522390 Other Activities Related to Credit Intermediation This industry comprises establishments primarily engaged in facilitating credit intermediation (except mort- gage and loan brokerage; and financial transactions pro- cessing, reserve, and clearinghouse activities). The data published with NAICS code 522390 include these parts of the following SIC industries: 6099 (pt) Other activities related to credit intermediation 6162 (pt) Loan servicing 5223901 Other Activities Related to Credit Intermediation Establishments primarily engaged in cashing checks, issuing traveler’s checks or money orders, or performing other functions closely related to depository intermedia- tion. Also included here are establishments that operate windows and kiosks where customers purchase traveler’s checks or general purpose stored value cards. 5223909 Loan Servicing Establishments primarily engaged in servicing loans for banks, credit unions, mortgage companies, and other financial institutions. Loan servicing functions include col- lection of payments, securing of escrow funds, payment of property taxes and insurance, monitoring delinquencies, and accounting for remitting principal and interest pay- ments to the loan holder. 523 Securities, Commodity Contracts, and Other Financial Investments and Related Activities Industries in the Securities, Commodity Contracts, and Other Financial Investments and Related Activities subsec- tor group establishments that are primarily engaged in one of the following:(1) underwriting securities issues APPENDIX B B–7 FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census and/or making markets for securities and commodities; (2) acting as agents (i.e., brokers) between buyers and sellers of securities and commodities; (3) providing securi- ties and commodity exchange services; and (4) providing other services, such as managing portfolios of assets; pro- viding investment advice; and trust, fiduciary, and custody services. 5231 Securities and Commodity Contracts Intermediation and Brokerage This industry group comprises establishments primarily engaged in putting capital at risk in the process of under- writing securities issues or in making markets for securi- ties and commodities; and those acting as agents and/or brokers between buyers and sellers of securities and com- modities, usually charging a commission. 52311 Investment Banking and Securities Dealing This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers. 523110 Investment Banking and Securities Dealing This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers. The data published with NAICS code 523110 include these parts of the following SIC industries: 6211 (pt) Investment banking & securities dealing 52312 Securities Brokerage . This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis. 523120 Securities Brokerage This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis. The data published with NAICS code 523120 include these parts of the following SIC industries: 6211 (pt) Securities brokerage 52313 Commodity Contracts Dealing This U.S. industry comprises establishments primarily engaged in acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, gen- erally on a spread basis. 523130 Commodity Contracts Dealing This U.S. industry comprises establishments primarily engaged in acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, gen- erally on a spread basis. The data published with NAICS code 523130 include these parts of the following SIC industries: 6099 (pt) Foreign currency exchange 6221 (pt) Commodity contracts dealing 6799 (pt) Commodity contract trading company 5231301 Foreign Currency Exchange Establishments primarily engaged in foreign currency transactions for their own account or for others. Also included here are windows and kiosks, where customers purchase or exchange currencies. 5231302 Commodity Contracts Dealing Establishments primarily engaged as principals in buy- ing and selling spot or future contracts, such as commodi- ties, foreign currency, or futures options. 5231309 Commodity Contract Trading Companies Establishments primarily engaged in buying and selling commodity contracts. 52314 Commodity Contracts Brokerage This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in buying or selling spot or future commodity contracts or options on a commission or transaction fee basis. 523140 Commodity Contracts Brokerage This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in buying or selling spot or future commodity contracts or options on a commission or transaction fee basis. The data published with NAICS code 523140 include these parts of the following SIC industries: B–8 APPENDIX B FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census 6221 (pt) Commodity contracts brokerage 5232 Securities and Commodity Exchanges This NAICS industry group includes establishments classified in the following NAICS industry(ies):52321, Securities and Commodity Exchange 52321 Securities and Commodity Exchanges This industry comprises establishments primarily engaged in furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of stocks, stock options, bonds, or commodity contracts. 523210 Securities and Commodity Exchanges This industry comprises establishments primarily engaged in furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of stocks, stock options, bonds, or commodity contracts. The data published with NAICS code 523210 include these parts of the following SIC industries: 6231 Security & commodity exchanges 5239 Other Financial Investment Activities This industry group comprises establishments primarily engaged in one of the following:(1) acting as principals in buying or selling financial contracts (except investment bankers, securityes dealers, and commodity contracts dealers); (2) acting as agents (i.e., brokers) (except securi- ties brokerages and commodity contracts brokerages) in buying or selling financial contracts; or (3) providing other investment services (except securities and commodity exchanges), such as portfolio management; investment advice; and trust, fiduciary, and custody services. 52391 Miscellaneous Intermediation This industry comprises establishments primarily engaged in acting as principals (except investment bank- ers, securities dealers, and commodity contracts dealers) in buying or selling of financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account. 523910 Miscellaneous Intermediation This industry comprises establishments primarily engaged in acting as principals (except investment bank- ers, securities dealers, and commodity contracts dealers) in buying or selling of financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account. The data published with NAICS code 523910 include these parts of the following SIC industries: 6211 (pt) Traders & dealers (except for securities & commodities) 6792 (pt) Oil royalty traders investing on own accounts 6799 (pt) Venture capital companies 6799 (pt) All other investors 5239101 Traders and Dealers, Except for Securities and Commodities Establishments primarily engaged as principals in buy- ing and selling investment instruments other than securi- ties or commodity contracts. 5239102 Oil Royalty Traders, Investing on Own Account Establishments primarily engaged in trading, on own account, the rights to a whole or partial interest in the pro- ceeds from the sale of oil or gas, produced from a specific tract. 5239103 Venture Capital Companies Establishments primarily engaged in providing funds for newly-formed companies and funds for existing com- panies experiencing a short-term shortage of capital. Funding may be in the form of equity or debt. 5239109 All Other Investors Establishments primarily engaged in investing, not else- where classified. 52392 Portfolio Management This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis. Establishments in this industry have the authority to make investment deci- sions, and they derive fees based on the size and/or over- all performance of the portfolio. 523920 Portfolio Management This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., funds) of others on a fee or commission basis. Establishments in this industry have the authority to make investment deci- sions, and they derive fees based on the size and/or over- all performance of the portfolio. The data published with NAICS code 523920 include these parts of the following SIC industries: 6282 (pt) Portfolio management 6733 (pt) Mgt of trust investment portfolios (exc ed relig & charitable) 6799 (pt) Commodity contract pool operators APPENDIX B B–9 FINANCE AND INSURANCE U.S. Census Bureau, 1997 Economic Census
