Description: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 a fiscal agent for the central government.
Examples:N/A
Commercial Banking
Description:This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Commercial banks and branches of foreign banks are included in this industry.
Examples:N/A
Savings Institutions
Description:This U.S. 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.
Examples:N/A
Credit Unions
Description:This industry comprises establishments primarily engaged in accepting members' share deposits in cooperatives that are organized to offer consumer loans to their members.
Examples:N/A
Other Depository Credit Intermediation
Description: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 Morris Plans and primarily engaged in accepting deposits, and private banks (i.e., unincorporated banks) are included in this industry.
Examples:N/A
Credit Card Issuing
Description: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 balance or payments on an installment basis. Credit card banks are included in this industry.
Examples:N/A
Sales Financing
Description:This industry comprises establishments primarily engaged in sales financing or sales financing in combination with leasing. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual installment sales agreement, either directly from or through arrangements with dealers.
Examples:N/A
Consumer Lending
Description:This U.S. industry comprises establishments primarily engaged in making unsecured cash loans to consumers.
Description: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/or (3) lending funds to domestic buyers of imported goods.
Examples:Trade banks (i.e., international trade financing), Export-Import banks, Edge Act corporations (i.e., international trade financing), Agreement corporations (i.e., international trade financing)
Secondary Market Financing
Description:This U.S. industry comprises establishments primarily engaged in buying, pooling, and repackaging loans for sale to others on the secondary market.
Examples:Student Loan Marketing Association (SLMA), Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC)
All Other Nondepository Credit Intermediation
Description: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 lending (except real estate and sales financing) and consumer cash lending secured by personal property.
Examples:Pawnshops, Morris Plans (i.e., known as), nondepository, Industrial banks (i.e., known as), nondepository, Factoring accounts receivable, Commodity Credit Corporation
Mortgage and Nonmortgage Loan Brokers
Description:This industry comprises establishments primarily engaged in arranging loans by bringing borrowers and lenders together on a commission or fee basis.
Examples:N/A
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Description:This industry comprises establishments primarily engaged in providing one or more of the following: (1) financial transaction processing (except central bank); (2) reserve and liquidity services (except central bank); and/or (3) check or other financial instrument clearinghouse services (except central bank).
Examples:Electronic funds transfer services, Credit card processing services, Check clearing services (except central bank), Automated clearinghouses, bank or check (except central bank)
Other Activities Related to Credit Intermediation
Description:This industry comprises establishments primarily engaged in facilitating credit intermediation (except mortgage and loan brokerage; and financial transactions processing, reserve, and clearinghouse activities).
