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2012 NAICS: 52 - Finance and insurance




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Guide to All Census Bureau Data Sources for This Industry


Source & Description   Frequency Latest Data Geography Industry
Quarterly Services Survey (QSS)Quarterly2Q 2014U.S.Selected Services 2- thru 4-digits
Quarterly Workforce Indicators (QWI)Quarterly4Q 2013States, counties, metro areasSelected 2- thru 4-digits
American Community Survey (ACS)Annual2012U.S, states, counties, places, metros, tractsSelected 2- thru 6-digits
Annual Capital Expenditures Survey (ACES)Annual2012U.S.Selected 2- thru 6-digits
Business Research and Development and Innovation Survey (BRDIS)AnnualU.S.Selected 2- thru 4-digits
County Business Patterns (CBP)Annual2012U.S., states, counties, metros, ZIP Codes, and island areasSelected 2- thru 6-digits
E-Stats (E-Commerce Statistics) (E-STAT)Annual2012U.S.Selected 2- thru 5-digits
Information and Communication Technology Survey (ICT)Annual2011U.S.2-digits
Nonemployer Statistics (NES)Annual2012U.S., states, metro areas, countiesSelected 2- thru 6-digits
Service Annual Survey (SAS)Annual2012U.S.Selected Services 3- thru 6-digits
Statistics of U.S. Businesses (SUSB)Annual2011U.S., states, metro areas, countiesSelected 2- thru 6-digits
Economic Census (ECN)Every 5 years2012U.S., states, counties, places, metros, ZIP Codes2- thru 6-digits
Economic Census of Island Areas (IA)Every 5 years2012American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and the US Virgin Islands2-thru 5 digits
Survey of Business Owners (SBO)Every 5 years2007U.S., states, counties, cities, metro areasSelected 2- thru 6-digits

Links to Economic Data for Programs Published on AFF


Program Series Table Title Data Years Available
Economic CensusAdvance Report All sectors: Core Business Statistics Series: Advance Summary Statistics for the U.S. (2012 NAICS Basis): 2012 2012 2007
Advance Comparative Statistics for the US 2007
Comparative Statistics, 2007 and 2002 Comparative Statistics for the U.S. and States (2002 NAICS Basis) 2007
Geographic Area Series All sectors: Geographic Area Series: Economy-Wide Key Statistics: 2012 2012 2007 2002
Summary Statistics for ... States and Metro Areas 2007 2002
Comparative Statistics for the United States (2002 NAICS Basis): 2007
Subject Series: Establishment and Firm Size Revenue Size of Establishments for the U.S. 2007 2002
Employment Size of Establishments for the U.S. 2007 2002
Single Units and Multiunit Firms for the U.S. 2007 2002
Revenue Size of Firms for the U.S. 2007 2002
Employment Size of Firms for the U.S. 2007 2002
Concentration of Largest Firms for the U.S. 2007 2002
Legal Form of Organization for the U.S. 2007 2002
Subject Series: Product Lines Product Lines Statistics by Kind of Business for the U.S. 2007 2002
Economic Census of Island Areas Geographic Area Series Island Areas: Geographic Area Series: Comparative Statistics by Kind of Business for American Samoa, Commonwealth of the Northern Mariana Islands, Gua 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, P 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Legal Form of Organization for American Samoa, Commonwealth of the No 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Sales/Receipts/Revenue/Shipments Size of Establishments for American 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Employment Size of Establishments for American Samoa, Commonwealth of 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Gender Status of Ownership for Commonwealth of the Northern Mariana I 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Citizenship Status of Ownership for American Samoa, Commonwealth of t 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Ethnicity Status of Ownership for U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: Sales by Kind of Business and Class of Customer for American Samoa, Commonwealth of the Northern Mariana Island 2012
E-Commerce Statistics 2007
Island Areas: Geographic Area Series: Capital Expenditures and Depreciation Charges for American Samoa, Commonwealth of the Northern Mariana Islands, 2012
Share of Sales/Receipts/Revenue by Kind of Business Accounted for by the 4, 8, 20, and 50 Largest Establishments 2007
Selected Expenses and Rental Payments by Kind of Business 2007
Nonemployer Statistics Nonemployer Statistics Geographic Area Series: Nonemployer Statistics by Legal Form of Organization: 2012 2012 2007
Geographic Area Series: Nonemployer Statistics for the US, States, Metropolitan Areas, and Counties: 2012 2012 2007
Geographic Area Series: Nonemployer Statistics by Receipt Size Class: 2012 2012
Survey of Business Owners Survey of Business Owners Firms by Gender, Ethnicity, Race for US, States, Counties, Pl, MA 2007
Firms by Ethnicity, Receipts Size of Firm for the U.S. and States 2007
Firms by Ethnicity, Employment Size of Firm for U.S. and States 2007

NAICS search results



Definition


The Finance and Insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified:

1. Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities. Establishments engaged in this activity use raised funds to acquire financial assets by making loans and/or purchasing securities. 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.

2. Pooling of risk by underwriting insurance and annuities. 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. Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.

In addition, monetary authorities charged with monetary 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 establishments 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 process. For instance, the production process in raising funds through deposit-taking is different from the process of raising funds in bond or money markets. The process of making loans to individuals also requires different production processes than does the creation of investment 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) establishments engaged in activities that facilitate, or are otherwise related to, that type of financial or insurance intermediation. 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 particular 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 establishments 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 characteristics 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 intermediation 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, 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, 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, notifying banks (or credit card issuers) of the individual transactions, and providing daily summaries. Since these transaction processing activities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processing service are classified to this sector, rather than to the data processing industry in the Information sector.

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.

For the 2007 Economic Census, the 2007 Survey of Business Owners, and the 2007 Economic Census of Island Areas, excluded from this sector are equity real estate investment trusts (REITs) establishments that are primarily engaged in leasing buildings, dwellings, or other real estate property to others. The equity REITs are included in Industry Group 5311, Lessors of Real Estate, based on primary type of real estate property leased. Subsector 525, Funds, Trusts, and Other Financial Vehicles, is out of scope for the 2007 Economic Census, the 2007 Survey of Business Owners, and the 2007 Economic Census of Island Areas. However, for the 2002 Economic Census, the 2002 Survey of Business Owners, and the 2002 Economic Census of Island Areas, real estate investment trusts (REITS) were classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles.

Comparability


This 2012 NAICS code is comparable to the 2007, 2002 and 1997 NAICS codes.