1992 CENSUS OF FINANCIAL, INSURANCE, AND REAL ESTATE INDUSTRIES

Kind of Business Descriptions

=>GENERAL

Finance, Insurance, and Real Estate, as defined in Division H of
the 1987 Standard Industrial Classification (SIC) manual,
includes establishments operating primarily in the fields of
finance, insurance, and real estate.  Finance includes depository
institutions, nondepository credit institutions, holding (but not
predominantly operating) companies, other investment companies,
brokers and dealers in securities and commodity contracts, and
security and commodity exchanges.  Insurance covers carriers of
all types of insurance and insurance agents and brokers.  Real
estate includes owners, lessors, lessees, agents, and developers
of real estate.

Establishments covered by the census were assigned kind-of-
business classifications according to the industry
classifications defined in the 1987 SIC manual.  When a more
detailed classification than defined in the SIC manual was 
needed, additional kinds of business were identified within an
SIC industry.

The basis for a kind-of-business classification is described
above in Method of Classifying Kinds of Business.  Descriptions
of those kinds of business for which data are provided in this
report follow.


=>DEPOSITORY INSTITUTIONS (SIC MAJOR GROUP 60)

->SIC MAJOR GROUP 60

This major group includes institutions that are engaged in
deposit banking or closely related functions, including fiduciary
activities.

->CENTRAL RESERVE DEPOSITORY INSTITUTIONS (SIC 601)

>>FEDERAL RESERVE BANKS (SIC 6011)

Central reserve depository institutions whose primary activity is
receiving deposits from Federal Reserve banks and branches and
providing advances to such institutions.  These institutions
generally do not receive deposits from or make advances to other
enterprises or individuals.

>>CENTRAL RESERVE DEPOSITORY INSTITUTIONS, N.E.C. (SIC 6019)

Central reserve depository institutions, other than Federal
Reserve banks, primarily engaged in providing credit to and
holding deposits and reserves for their members, such as savings
banks, savings and loan associations, or credit unions. 

->COMMERCIAL BANKS (SIC 602)

>>NATIONAL COMMERCIAL BANKS (SIC 6021)

Commercial banks and trust companies (accepting deposits)
chartered under the National Bank Act.  Trust companies engaged
in fiduciary business, but not regularly engaged in deposit
banking, are classified in Industry 6091.

>>STATE COMMERCIAL BANKS (SIC 6022)

Commercial banks and trust companies (accepting deposits)
chartered by one of the States or territories.  Trust companies
engaged in fiduciary business, but not regularly engaged in
deposit banking, are classified in Industry 6091.

>>COMMERCIAL BANKS, N.E.C. (SIC 6029)

Commercial banks (accepting deposits) which do not operate under
Federal or State charter.

->SAVINGS INSTITUTIONS (SIC 603)

>>SAVINGS INSTITUTIONS, FEDERALLY CHARTERED (SIC 6035)

Federally chartered savings institutions (accepting deposits)
operating under Federal charter.

>>SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED (SIC 6036)

State-chartered savings institutions (accepting deposits) which
do not operate under Federal charter.

->CREDIT UNIONS (SIC 606)

>>CREDIT UNIONS, FEDERALLY CHARTERED (SIC 6061)

Cooperative thrift and loan associations (accepting deposits)
organized under Federal charter to finance credit needs of their
members.

>>CREDIT UNIONS, NOT FEDERALLY CHARTERED (SIC 6062)

Cooperative thrift and loan associations (accepting deposits)
organized under other than Federal charter to finance credit
needs of their members.

->FOREIGN BANKING AND BRANCHES AND AGENCIES OF FOREIGN BANKS (SIC
608)

>>BRANCHES AND AGENCIES OF FOREIGN BANKS (SIC 6081)

Establishments operating as branches or agencies of foreign banks
which specialize in commercial loans, especially trade finance. 
They typically fund themselves via large denomination interbank
deposits, rather than through smaller denomination retail
deposits.  Federally licensed agencies of foreign banks may not
accept deposits. Federal branches may accept deposits; however,
if they choose to accept deposits in denominations of $100,000 or
less, Federal deposit insurance is required.  Establishments
which are owned by foreign banks but primarily engaged in
accepting retail deposits from the general public in the United
States are classified in Industry Group 602.

>>FOREIGN TRADE AND INTERNATIONAL BANKING INSTITUTIONS (SIC 6082)

Establishments of foreign trade companies operating in the United
States under Federal or State charter for the purpose of aiding
or financing foreign trade.  Also included in this industry are
Federal or State chartered banking institutions which only engage
in banking outside the United States.

->FUNCTIONS RELATED TO DEPOSITORY BANKING (SIC 609)

>>NONDEPOSIT TRUST FACILITIES (SIC 6091)

Trust companies engaged in fiduciary business, but not regularly
engaged in deposit banking.  Some of these establishments
occasionally hold limited amounts of special types of deposits,
and their uninvested trust funds are usually classified as
deposits.  These nondeposit trust facilities may have either
National or State charters.  This industry does not include
establishments operating under trust company charters which limit
their fiduciary business to that incidental to real estate title
or mortgage loan activities, which are classified in Industry
6361.

>>FUNCTIONS RELATED TO DEPOSITORY BANKING, N.E.C. (SIC 6099)

Establishments primarily engaged in performing functions related
to depository banking, not elsewhere classified.


=>NONDEPOSITORY CREDIT INSTITUTIONS (SIC MAJOR GROUP 61)

->SIC MAJOR GROUP 61

This major group includes establishments engaged in extending
credit in the form of loans, but not engaged in deposit banking.

->FEDERAL AND FEDERALLY-SPONSORED CREDIT AGENCIES (SIC 6111)

Establishments of federally-sponsored credit agencies primarily
engaged in guaranteeing, insuring, or making 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. 
Data for Federal credit agencies are not included.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Farm credit system

Federally-sponsored credit agencies, except farm credit system

->PERSONAL CREDIT INSTITUTIONS (SIC 6141)

Establishments primarily engaged in providing loans to
individuals.  Also included in this industry are establishments
primarily engaged in financing retail sales made on the
installment plan and financing automobile loans for individuals.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Automotive sales finance companies

Sales finance companies, except automotive

Consumer and personal finance companies, and personal and small
loan companies

Personal credit institutions, n.e.c.

->BUSINESS CREDIT INSTITUTIONS (SIC 615)

>>SHORT-TERM BUSINESS CREDIT INSTITUTIONS, EXCEPT AGRICULTURAL 
(SIC 6153)

Establishments primarily engaged in extending credit to business
enterprises for relatively short periods.  Private establishments
primarily engaged in extending agricultural credit are classified
in Industry 6159.

>>MISCELLANEOUS BUSINESS CREDIT INSTITUTIONS (SIC 6159)

Establishments primarily engaged in furnishing intermediate or
long-term general and industrial credit, including the finance
leasing of automobiles, trucks, and machinery and equipment. 
Included in this industry are private establishments primarily
engaged in extending agriculture credit.  Federal and federally-
sponsored credit agencies primarily engaged in extending
agricultural credit are classified in Industry 6111. 
Establishments primarily engaged in other types of leasing of
passenger cars and trucks are classified in Industry Group 751.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Agricultural credit institutions

Miscellaneous business credit institutions, n.e.c.

->MORTGAGE BANKERS AND BROKERS (SIC 616)

>>MORTGAGE BANKERS AND LOAN CORRESPONDENTS (SIC 6162)

Establishments primarily engaged in originating mortgage loans,
selling mortgage loans to permanent investors, and servicing
these loans.  They may also provide real estate construction
loans.

>>LOAN BROKERS (SIC 6163)

Establishments primarily engaged in arranging loans for others. 
These establishments operate mostly on a commission or fee basis
and do not ordinarily have any continuing relationship with
either borrower or lender.


=>SECURITY AND COMMODITY BROKERS, DEALERS, EXCHANGES, AND
SERVICES (SIC MAJOR GROUP 62)

->SIC MAJOR GROUP 62

This major group includes establishments engaged in the
underwriting, purchase, sale, or brokerage of securities and
other financial contracts on their own account or for the account
of others; and exchanges of securities and commodities.

->SECURITY BROKERS, DEALERS, AND FLOTATION COMPANIES (SIC 621)

Establishments primarily engaged in the purchase, sale, and
brokerage of securities; and those, generally known as investment
bankers, primarily engaged in originating, underwriting, and
distributing issues of securities.  Establishments primarily
engaged in issuing shares of mutual and money market funds, unit
investment trusts, and face amount certificates are classified in
Industry Group 672.  Establishments primarily engaged in
providing investment advice on a contract or fee basis to
establishments which deal in financial contracts are classified
in Industry 6282.

->COMMODITY CONTRACTS BROKERS AND DEALERS (SIC 622)

Establishments primarily engaged in buying and selling commodity
contracts on either a spot or future basis for their own account
or for the account of others.  These establishments are members,
or are associated with members, of recognized commodity
exchanges.  Establishments primarily engaged in buying and
selling commodities are classified in Wholesale Trade.

->SECURITY AND COMMODITY EXCHANGES (SIC 623)

Establishments primarily engaged in furnishing space and other
facilities to members for the purpose of buying, selling, or
otherwise trading in stocks, stock options, bonds, or commodity
contracts.

->SERVICES ALLIED WITH THE EXCHANGE OF SECURITIES OR COMMODITIES
(SIC 628)

>>INVESTMENT ADVICE (SIC 6282)

Establishments primarily engaged in furnishing investment
information and advice to companies and individuals concerning
securities and commodities on a contract or fee basis. 
Establishments that provide advice and also act as brokers or
dealers are classified in Industry 6211.

>>SERVICES ALLIED WITH THE EXCHANGE OF SECURITIES OR COMMODITIES,
N.E.C. (SIC 6289)

Establishments primarily engaged in furnishing services to
security or commodity holders, brokers, or dealers, not elsewhere
classified.


=>INSURANCE CARRIERS (SIC MAJOR GROUP 63)

->SIC MAJOR GROUP 63

This major group includes carriers of insurance of all types,
including reinsurance.  Agents and brokers dealing in insurance
and organizations rendering services to insurance carriers or to
policyholders are classified in Major Group 64.

->LIFE INSURANCE (SIC 6311)

Establishments primarily engaged in underwriting life insurance. 
These establishments are operated by enterprises that may be
owned by stockholders, policyholders, or other carriers.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Sales offices of life insurance carriers

Home offices of life insurance carriers

Other offices of life insurance carriers, n.e.c.

->ACCIDENT AND HEALTH INSURANCE AND MEDICAL SERVICE PLANS (SIC
632)

>>ACCIDENT AND HEALTH INSURANCE (SIC 6321)

Establishments primarily engaged in underwriting accident and
health insurance.  This industry includes establishments which
provide health insurance protection for disability income losses
and medical expense coverage on an indemnity basis.  These
establishments are operated by enterprises that may be owned by
stockholders, policyholders, or other carriers.  Establishments
primarily engaged in providing hospital, medical and other health
services on a service basis or combination of service and
indemnity basis are classified in Industry 6324.

>>HOSPITAL AND MEDICAL SERVICE PLANS (SIC 6324)

Establishments primarily engaged in providing hospital, medical
and other health services to subscribers or members in accordance
with prearranged agreements or service plans.  Generally, these
service plans provide benefits to subscribers or members in
return for specified subscription charges.  The plans may be
through a contract under which a participating hospital or
physician agrees to render the covered services without charging
any additional fees.  Other plans provide for partial indemnity
and service benefits.  Also included in this industry are
separate establishments of health maintenance organizations which
provide medical insurance.  Establishments providing these
services through their own facilities or employed physicians are
classified in Major Group 80.

->FIRE, MARINE, AND CASUALTY INSURANCE (SIC 633)

Establishments primarily engaged in underwriting fire, marine,
and casualty insurance.  These establishments are operated by
enterprises that may be owned by stockholders, policyholders, or
other carriers.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Sales offices of fire, marine, and casualty insurance carriers

Home offices of fire, marine, and casualty insurance carriers

Other offices of fire, marine, and casualty insurance carriers,
n.e.c.

->SURETY INSURANCE (SIC 635)

Establishments primarily engaged in underwriting financial
responsibility insurance.  Establishments primarily performing
bail bonding services are classified in Industry 7389.

->TITLE INSURANCE (SIC 636)

Establishments primarily engaged in underwriting insurance to
protect the owner of real estate, or lenders of money thereon,
against loss sustained by reason of any defect of title.

->PENSION, HEALTH, AND WELFARE FUNDS (SIC 637)

Establishments primarily engaged in managing pension, retirement,
health, and welfare funds. (The tabulations in this publication
include only third-party administrators of pension, health, and
welfare funds.)

->INSURANCE CARRIERS, N.E.C. (SIC 639)

Establishments primarily engaged in underwriting insurance, not
elsewhere classified, such as insuring bank deposits and shares
in savings and loan associations.  They may also perform other
functions related to insurance carriers, not elsewhere
classified.  These establishments include sales, home, and other
offices owned or operated by insurance carriers, not elsewhere
classified.


=>INSURANCE AGENTS, BROKERS, AND SERVICE (SIC MAJOR GROUP 64)

->SIC MAJOR GROUP 64

This major group includes agents and brokers dealing in
insurance, and also organizations offering services to insurance
companies and to policyholders.

>>INSURANCE AGENTS, BROKERS, AND SERVICE (SIC 6411)

Agents primarily representing one or more insurance carriers, or
brokers not representing any particular carriers primarily
engaged as independent contractors in the sale or placement of
insurance contracts with carriers, but not employees of the
insurance carriers they represent.  This industry also includes
independent organizations concerned with insurance services. 
Establishments engaged in searching real estate titles are
classified in Industry 6541.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Offices of insurance agents and brokers

Insurance-related services, n.e.c.


=>REAL ESTATE (SIC MAJOR GROUP 65)

->SIC MAJOR GROUP 65

This major group includes real estate operators, and owners and
lessors of real property, as well as buyers, sellers, developers,
agents, and brokers.  Establishments primarily engaged in the
construction of buildings for sale (operative builders) are
classified in Industry 1531.

->REAL ESTATE OPERATORS (EXCEPT DEVELOPERS) AND LESSORS (SIC 651)

>>OPERATORS OF NONRESIDENTIAL BUILDINGS (SIC 6512)

Establishments primarily engaged in the operation of
nonresidential buildings.  

For large geographic areas, data are presented for the following
subdivisions of this classification:

Operators of professional and other office buildings

Operators of manufacturing and industrial buildings

Operators of shopping centers and retail stores

Operators of nonresidential buildings and facilities, n.e.c.

>>OPERATORS OF APARTMENT BUILDINGS (SIC 6513)

Establishments primarily engaged in the operation of apartment
buildings.  Apartment buildings are defined as containing five or
more housing units.  This industry does not include hotels,
rooming and boarding houses, camps, and other lodging places for
transients which are classified in Services, Major Group 70.

>>OPERATORS OF DWELLINGS OTHER THAN APARTMENT BUILDINGS (SIC
6514)

Establishments primarily engaged in the operation of dwellings
other than apartment buildings.  Dwellings other than apartment
buildings are defined as containing four or fewer housing units. 
This industry does not include hotels, rooming and boarding
houses, camps, and other lodging places for transients which are
classified in Services, Major Group 70.

>>OPERATORS OF RESIDENTIAL MOBILE HOME SITES (SIC 6515)

Establishments primarily engaged in the operation of residential
mobile home sites.  Establishments primarily engaged in the
operation of sites for overnight or transient use for travel
trailers are classified in Services, Industry 7033.

>>LESSORS OF RAILROAD PROPERTY (SIC 6517)

Establishments primarily engaged in leasing railroad property.

>>LESSORS OF REAL PROPERTY, N.E.C. (SIC 6519)

Establishments primarily engaged in leasing real property, not
elsewhere classified.

->REAL ESTATE AGENTS AND MANAGERS (SIC 653)

Establishments primarily engaged in renting, buying, selling,
managing, and appraising real estate for others.

For large geographic areas, data are presented for the following
subdivisions of this classification:

Offices of residential real estate agents and brokers

Offices of nonresidential real estate agents and brokers

Residential real estate property managers

Nonresidential real estate property managers

Condominium and cooperative owners' associations

Real estate appraisers

Services related to real estate sales and management, n.e.c. 

->TITLE ABSTRACT OFFICES (SIC 654)

Establishments primarily engaged in searching real estate titles. 
This industry does not include title insurance companies which
are classified in Industry 6361.

->LAND SUBDIVIDERS AND DEVELOPERS (SIC 655)

>>LAND SUBDIVIDERS AND DEVELOPERS, EXCEPT CEMETERIES (SIC 6552)

Establishments primarily engaged in subdividing real property
into lots, except cemetery lots, and in developing it for resale
on their own account.  Establishments primarily engaged in
developing lots for others are classified in Industry 1794.

>>CEMETERY SUBDIVIDERS AND DEVELOPERS (SIC 6553)

Establishments primarily engaged in subdividing real property
into cemetery lots, and in developing it for resale on their own
account.


=>HOLDING AND OTHER INVESTMENT OFFICES (SIC MAJOR GROUP 67)

->SIC MAJOR GROUP 67

This major group includes investment trusts, investment
companies, holding companies, and miscellaneous investment
offices.

->HOLDING OFFICES (SIC 671)

>>OFFICES OF BANK HOLDING COMPANIES (SIC 6712)

Establishments primarily engaged in holding or owning the
securities of banks for the sole purpose of exercising some
degree of control over the activities of bank companies whose
securities they hold.  Companies holding securities of banks, but
which are predominantly operating the banks, are classified
according to the kind of bank operated.

>>OFFICES OF HOLDING COMPANIES, N.E.C. (SIC 6719)

Establishments primarily engaged in holding or owning securities
of companies other than banks, for the sole purpose of exercising
some degree of control over the activities of the companies whose
securities they hold.  Companies holding securities, but which
are predominantly operating companies, are classified according
to the kind of business operated.

->INVESTMENT OFFICES (SIC 672)

>>MANAGEMENT INVESTMENT OFFICES, OPEN-END (SIC 6722)

Establishments primarily engaged in issuing shares, other than
unit investment trusts and face-amount certificate companies,
whose shares contain a provision requiring redemption by the
company upon request of the security holder.


>>UNIT INVESTMENT TRUSTS, FACE-AMOUNT CERTIFICATE OFFICES, AND
CLOSED-END MANAGEMENT INVESTMENT OFFICES (SIC 6726)

Establishments primarily engaged in issuing unit investment
trusts or face-amount certificates; and establishments primarily
engaged in issuing shares, other than unit investment trusts and
face-amount certificate companies, whose shares contain no
provision requiring redemption by the company upon request of the
security holder.  Unit investment trust companies (1) are
organized under a trust indenture, contract of custodianship or
agency, or similar instrument; (2) do not have a board of
directors; and (3) issue only securities redeemable at the
request of the security holder, each of which represents an
undivided interest in a unit of specified securities, but does
not include voting trusts.  Face-amount certificates, sometimes
referred to as guaranteed face-amount certificates, are
essentially obligations of the issuing company to pay a fixed sum
at a specified maturity date and usually require periodic
payments by the purchaser.

->TRUSTS (SIC 673)

>>EDUCATIONAL, RELIGIOUS, AND CHARITABLE TRUSTS (SIC 6732)

Establishments primarily engaged in the management of the funds
of trusts and foundations organized for religious, educational,
charitable, or nonprofit research purposes.

>>TRUSTS, EXCEPT EDUCATIONAL, RELIGIOUS, AND CHARITABLE (SIC
6733)

Establishments primarily engaged in the management of the funds
of trusts and foundations organized for purposes other than
religious, educational, charitable, or nonprofit research.

->MISCELLANEOUS INVESTING (SIC 679)

>>OIL ROYALTY TRADERS (SIC 6792)

Establishments primarily engaged in investing in oil and gas
royalties or leases, or fractional interest therein.

>>PATENT OWNERS AND LESSORS (SIC 6794)

Establishments primarily engaged in owning or leasing franchises,
patents, and copyrights which they in turn license others to use.

>>REAL ESTATE INVESTMENT TRUSTS (SIC 6798)

Establishments primarily engaged in closed-end investments in
real estate or related mortgage assets operating so that they
could meet the requirements of the Real Estate Investment Trust
Act of 1960 as amended.  This act exempts trusts from corporate
income and capital gains taxation, provided they invest primarily
in specified assets, pay out most of their income to
shareholders, and meet certain requirements regarding the
dispersion of trust ownership.

>>INVESTORS, N.E.C. (SIC 6799)

Establishments primarily engaged in investing, not elsewhere
classified.