1997 Economic Census:
Comparative Statistics for Massachusetts
1987 SIC Basis: Financial, Insurance, and Real Estate Industries

 
Financial, Insurance, and Real Estate Industries by Major Group (2-digit SIC)
Includes only establishments with payroll. Data are in current dollars and have not been adjusted for inflation. Detail may not add to total because of rounding. Introductory text includes scope and methodology.
For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table. An alternate display has fewer columns.

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detail		 SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
  Financial, insurance, and real estate industries 14,325 12,691 12.9 N 67,243,075 N 247,872 216,742 14.4 12,728,967 8,088,450 57.4
60 Depository institutions 2,700 2,657 1.6 D 18,504,877 N (50k-99999) 67,434 N D 1,986,695 N
61 Nondepository credit institutions 692 590 17.3 D 1,867,383 N (5000-9999) 7,793 N D 292,448 N
62 Security and commodity brokers, dealers, exchanges, and services 1,424 825 72.6 14,717,030 4,014,754 266.6 53,550 20,259 164.3 4,743,860 1,535,013 209.0
63 Insurance carriers 629 613 2.6 D 34,847,486 N (50k-99999) 63,424 N D 2,196,808 N
64 Insurance agents, brokers, and services 3,152 2,886 9.2 2,472,775 1,751,271 41.2 20,556 19,886 3.4 862,455 679,130 27.0
65 Real estate 5,048 4,600 9.7 4,540,864 3,382,625 34.2 31,635 28,743 10.1 959,917 766,569 25.2
67 Holding and other investment offices, except trusts 680 520 30.8 D 2,874,679 N (5000-9999) 9,203 N D 631,787 N
N=Comparable data not available D=Withheld to avoid disclosure

 

 

Financial, Insurance, and Real Estate Industries by Industry (4-digit SIC)
Includes only establishments with payroll. Data are in current dollars and have not been adjusted for inflation. Detail may not add to total because of rounding. Introductory text includes scope and methodology.
For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table. An alternate display has fewer columns.

SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
  Financial, insurance, and real estate industries 14,325 12,691 12.9 N 67,243,075 N 247,872 216,742 14.4 12,728,967 8,088,450 57.4
60 Depository institutions 2,700 2,657 1.6 D 18,504,877 N (50k-99999) 67,434 N D 1,986,695 N
601 Central reserve depository institutions 3 2 50.0 2,722,463 1,887,579 44.2 1,270 1,686 -24.7 60,737 55,054 10.3
6011 Federal reserve banks 1 1 0.0 1,403,000 1,242,458 12.9 1,143 1,569 -27.2 52,824 49,150 7.5
6019 Central reserve depository institutions, n.e.c. 2 1 100.0 1,319,463 645,121 104.5 127 117 8.5 7,913 5,904 34.0
602 Commercial banks 1,260 1,065 18.3 D 10,537,128 N (25k-49999) 40,388 N D 1,263,677 N
6021 National commercial banks 864 572 51.0 5,964,021 6,826,858 -12.6 15,460 19,402 -20.3 585,814 622,070 -5.8
6022 State commercial banks 396 493 -19.7 D 3,710,270 N (10k-24999) 20,986 N D 641,607 N
603 Savings institutions 954 1,075 -11.3 4,693,853 5,013,632 -6.4 17,244 20,449 -15.7 541,841 534,909 1.3
6035 Savings institutions, federally chartered 127 124 2.4 1,123,156 973,427 15.4 2,078 3,408 -39.0 70,456 87,046 -19.1
6036 Savings institutions, not federally chartered 827 951 -13.0 3,570,697 4,040,205 -11.6 15,166 17,041 -11.0 471,385 447,863 5.3
606 Credit unions 404 450 -10.2 D 793,078 N (2500-4999) 4,200 N D 90,177 N
6061 Credit unions, federally chartered 234 258 -9.3 D 374,439 N (1000-2499) 2,159 N D 44,663 N
6062 Credit unions, not federally chartered 170 192 -11.5 465,001 418,639 11.1 2,134 2,041 4.6 60,658 45,514 33.3
608 Foreign banking and branches and agencies of foreign banks 6 7 -14.3 D D N (20-99) (100-249) N D D N
609 Functions related to depository banking 73 58 25.9 D D N (250-499) (500-999) N D D N
SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
61 Nondepository credit institutions 692 590 17.3 D 1,867,383 N (5000-9999) 7,793 N D 292,448 N
616 Mortgage bankers and brokers 438 283 54.8 D D N (2500-4999) (2500-4999) N D D N
SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
62 Security and commodity brokers, dealers, exchanges, and services 1,424 825 72.6 14,717,030 4,014,754 266.6 53,550 20,259 164.3 4,743,860 1,535,013 209.0
621 Security brokers, dealers, and flotation companies 569 321 77.3 D D N (10k-24999) (10k-24999) N D D N
6211 Security brokers, dealers, and flotation companies 569 321 77.3 D D N (10k-24999) (10k-24999) N D D N
623 Security and commodity exchanges 1 1 0.0 D D N (20-99) (20-99) N D D N
6231 Security and commodity exchanges 1 1 0.0 D D N (20-99) (20-99) N D D N
628 Services allied with the exchange of securities or commodities 844 498 69.5 D D N (25k-49999) (5000-9999) N D D N
SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
63 Insurance carriers 629 613 2.6 D 34,847,486 N (50k-99999) 63,424 N D 2,196,808 N
631 Life insurance 266 296 -10.1 Q 21,177,055 N (25k-49999) 36,149 N D 1,253,653 N
6311 Life insurance 266 296 -10.1 Q 21,177,055 N (25k-49999) 36,149 N D 1,253,653 N
632 Accident and health insurance and medical service plans 85 76 11.8 Q 5,773,925 N 11,616 9,671 20.1 495,705 324,263 52.9
6321 Accident and health insurance 20 23 -13.0 Q 406,801 N (1000-2499) 1,426 N D 46,282 N
6324 Hospital and medical service plans 65 53 22.6 Q 5,367,124 N (10k-24999) 8,245 N D 277,981 N
633 Fire, marine, and casualty insurance 201 169 18.9 Q 7,764,488 N (10k-24999) 16,995 N D 597,315 N
6331 Fire, marine, and casualty insurance 201 169 18.9 Q 7,764,488 N (10k-24999) 16,995 N D 597,315 N
635 Surety insurance 11 17 -35.3 Q D N 107 (100-249) N 5,691 D N
6351 Surety insurance 11 17 -35.3 Q D N 107 (100-249) N 5,691 D N
636 Title insurance 13 13 0.0 Q D N (100-249) (100-249) N D D N
6361 Title insurance 13 13 0.0 Q D N (100-249) (100-249) N D D N
637 Pension, health, and welfare funds 48 39 23.1 27,899 D N 360 (250-499) N 13,762 D N
6371 Pension, health, and welfare funds 48 39 23.1 27,899 D N 360 (250-499) N 13,762 D N
639 Insurance carriers, n.e.c. 5 3 66.7 D D N (20-99) (20-99) N D D N
6399 Insurance carriers, nec 5 3 66.7 D D N (20-99) (20-99) N D D N
SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
64 Insurance agents, brokers, and services 3,152 2,886 9.2 2,472,775 1,751,271 41.2 20,556 19,886 3.4 862,455 679,130 27.0
641 Insurance agents, brokers, and services 3,152 2,886 9.2 2,472,775 1,751,271 41.2 20,556 19,886 3.4 862,455 679,130 27.0
6411 Insurance agents, brokers, and services 3,152 2,886 9.2 2,472,775 1,751,271 41.2 20,556 19,886 3.4 862,455 679,130 27.0
SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
65 Real estate 5,048 4,600 9.7 4,540,864 3,382,625 34.2 31,635 28,743 10.1 959,917 766,569 25.2
651 Real estate operators (except developers) and lessors 1,706 1,846 -7.6 D 1,658,280 N (5000-9999) 8,713 N D 198,418 N
6512 Operators of nonresidential buildings 727 834 -12.8 D 890,916 N (2500-4999) 3,772 N D 97,002 N
6513 Operators of apartment buildings 737 728 1.2 785,973 660,931 18.9 5,118 4,137 23.7 120,890 85,348 41.6
6514 Operators of dwellings other than apartment buildings 132 158 -16.5 81,868 69,450 17.9 740 492 50.4 12,059 9,228 30.7
6515 Operators of residential mobile home sites 74 91 -18.7 33,588 25,997 29.2 227 229 -0.9 5,720 4,775 19.8
653 Real estate agents and managers 2,921 2,390 22.2 D 1,532,998 N (10k-24999) 18,289 N D 522,852 N
6531 Real estate agents and managers 2,921 2,390 22.2 D 1,532,998 N (10k-24999) 18,289 N D 522,852 N
654 Title abstract offices 65 49 32.7 33,025 17,867 84.8 262 233 12.4 10,302 6,965 47.9
655 Land subdividers and developers 356 315 13.0 D 173,480 N (1000-2499) 1,508 N D 38,334 N
SIC 1987 SIC Description Establishments Revenue
($1,000)		 Paid employees Annual payroll
($1,000)
1997 1992 % chg 1997 1992 % chg 1997 1992 % chg 1997 1992 % chg
67 Holding and other investment offices, except trusts 680 520 30.8 D 2,874,679 N (5000-9999) 9,203 N D 631,787 N
671 Holding offices 253 221 14.5 D 798,375 N (2500-4999) 2,408 N D 115,630 N
672 Investment offices 0 44 N 0 1,545,503 N 0 5,453 N 0 428,655 N
673 Trusts 198 N N D N N (500-999) N N D N N
679 Miscellaneous investing 229 255 -10.2 D 530,801 N (2500-4999) 1,342 N D 87,502 N
N=Comparable data not available D=Withheld to avoid disclosure

Top: 2-digit SIC table All-sector table Data in formats for downloading PDF report

- Source: 1997 Economic Census, Comparative Statistics   - Questions?
Last revised: July 13, 2011