EMBARGOED UNTIL: 12:01 A.M. EST, DECEMBER 6, 2001 (THURSDAY) Public Information Office CB01-191 301-457-3030/301-457-3670 (fax) 301-457-1037 (TDD) e-mail: pio@census.gov Brad Stovall/Kristy George 301-457-2787 Securities and Commodities Underwriters, Dealers and Brokers Report Revenues of $251 Billion The Commerce Department's Census Bureau said today that the nation's securities and commodity underwriters, dealers and brokers reported a 20 percent increase in their revenues between 1999 and 2000 from $210 billion to $251 billion. Investment banking and securities dealers showed revenues of $133 billion and securities brokers took in $113 billion. The tabulations, available on the Internet, show 97 percent, or $244 billion of the total revenues, were generated by employer firms (establishments with paid employees). Among the largest sources of revenues for employer firms in 2000 were commissions from the sale of securities and commodities, $65 billion, and margin interest and other interest income, $53 billion. The estimates are part of the 2000 Service Annual Survey Employer estimates for portfolio management firms and investment advisory firms also are included in the tabulations. Other reports derived from the same survey cover computer services, the information sector, the health sector, and trucking and warehousing. The survey did not collect data on securities and commodity exchanges; monetary authorities of central banks; credit intermediation and related activities; insurance carriers and related activities; and funds, trusts and other financial vehicles. The data are subject to sampling variability and nonsampling errors. Sources of nonsampling error include errors of response, nonreporting and coverage. Measures of sampling variability, presented as relative standard errors, are shown in the tables.
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