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