1997 Economic Census:
Comparative Statistics for Michigan
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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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 19,451 16,796 15.8 N 57,950,927 N 226,680 190,824 18.8 7,888,761 5,325,012 48.1
60 Depository institutions 4,119 3,944 4.4 15,506,352 13,183,477 17.6 84,115 70,192 19.8 2,434,331 1,631,430 49.2
61 Nondepository credit institutions 1,037 684 51.6 5,109,287 8,434,250 -39.4 15,072 14,276 5.6 671,155 510,288 31.5
62 Security and commodity brokers, dealers, exchanges, and services 1,153 728 58.4 1,638,503 867,948 88.8 8,471 5,760 47.1 604,895 355,849 70.0
63 Insurance carriers 1,363 1,161 17.4 D 29,442,844 N (25k-49999) 44,007 N D 1,451,670 N
64 Insurance agents, brokers, and services 4,334 3,987 8.7 2,194,195 1,662,050 32.0 23,634 20,968 12.7 808,626 606,298 33.4
65 Real estate 6,703 5,825 15.1 D 3,311,609 N (25k-49999) 32,246 N D 613,061 N
67 Holding and other investment offices, except trusts 742 467 58.9 3,382,560 1,048,749 222.5 7,812 3,375 131.5 474,507 156,416 203.4
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 19,451 16,796 15.8 N 57,950,927 N 226,680 190,824 18.8 7,888,761 5,325,012 48.1
60 Depository institutions 4,119 3,944 4.4 15,506,352 13,183,477 17.6 84,115 70,192 19.8 2,434,331 1,631,430 49.2
601 Central reserve depository institutions 1 1 0.0 406,000 440,563 -7.8 344 426 -19.2 13,469 11,581 16.3
6011 Federal reserve banks 1 1 0.0 406,000 440,563 -7.8 344 426 -19.2 13,469 11,581 16.3
6019 Central reserve depository institutions, n.e.c. 0 0 N 0 0 N 0 0 N 0 0 N
602 Commercial banks 2,791 2,559 9.1 D 8,987,009 N (50k-99999) 52,750 N D 1,243,595 N
6021 National commercial banks 1,265 1,116 13.4 5,771,184 4,000,348 44.3 41,312 25,700 60.7 1,256,775 636,253 97.5
6022 State commercial banks 1,526 1,443 5.8 D 4,986,661 N (10k-24999) 27,050 N D 607,342 N
603 Savings institutions 493 547 -9.9 D 2,611,582 N (5000-9999) 8,305 N D 201,097 N
6035 Savings institutions, federally chartered 467 539 -13.4 D D N (5000-9999) (5000-9999) N D D N
6036 Savings institutions, not federally chartered 26 8 225.0 D D N (100-249) (100-249) N D D N
606 Credit unions 754 778 -3.1 1,616,086 1,118,062 44.5 9,800 8,369 17.1 244,181 168,838 44.6
6061 Credit unions, federally chartered 282 301 -6.3 612,316 434,201 41.0 3,963 3,441 15.2 100,334 70,250 42.8
6062 Credit unions, not federally chartered 472 477 -1.0 1,003,770 683,861 46.8 5,837 4,928 18.4 143,847 98,588 45.9
608 Foreign banking and branches and agencies of foreign banks 0 0 N 0 0 N 0 0 N 0 0 N
609 Functions related to depository banking 80 59 35.6 D 26,261 N (500-999) 342 N D 6,319 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 1,037 684 51.6 5,109,287 8,434,250 -39.4 15,072 14,276 5.6 671,155 510,288 31.5
616 Mortgage bankers and brokers 715 354 102.0 1,207,551 928,506 30.1 9,082 6,500 39.7 383,470 233,580 64.2
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 1,153 728 58.4 1,638,503 867,948 88.8 8,471 5,760 47.1 604,895 355,849 70.0
621 Security brokers, dealers, and flotation companies 715 421 69.8 D 736,133 N (5000-9999) 4,763 N D 301,745 N
6211 Security brokers, dealers, and flotation companies 715 421 69.8 D 736,133 N (5000-9999) 4,763 N D 301,745 N
623 Security and commodity exchanges 0 0 N 0 0 N 0 0 N 0 0 N
6231 Security and commodity exchanges 0 0 N 0 0 N 0 0 N 0 0 N
628 Services allied with the exchange of securities or commodities 428 302 41.7 D 129,869 N (1000-2499) 986 N D 53,465 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 1,363 1,161 17.4 D 29,442,844 N (25k-49999) 44,007 N D 1,451,670 N
631 Life insurance 288 337 -14.5 Q 11,523,952 N (10k-24999) 11,859 N D 351,070 N
6311 Life insurance 288 337 -14.5 Q 11,523,952 N (10k-24999) 11,859 N D 351,070 N
632 Accident and health insurance and medical service plans 113 91 24.2 Q 7,954,604 N (10k-24999) 10,948 N D 367,161 N
6321 Accident and health insurance 26 28 -7.1 Q 366,954 N (1000-2499) 968 N D 24,377 N
6324 Hospital and medical service plans 87 63 38.1 Q 7,587,650 N 12,824 9,980 28.5 545,100 342,784 59.0
633 Fire, marine, and casualty insurance 794 620 28.1 Q 9,802,127 N (10k-24999) 19,489 N D 685,786 N
6331 Fire, marine, and casualty insurance 794 620 28.1 Q 9,802,127 N (10k-24999) 19,489 N D 685,786 N
635 Surety insurance 24 17 41.2 Q 38,138 N 102 74 37.8 4,573 2,387 91.6
6351 Surety insurance 24 17 41.2 Q 38,138 N 102 74 37.8 4,573 2,387 91.6
636 Title insurance 72 38 89.5 Q 66,462 N (1000-2499) 941 N D 26,444 N
6361 Title insurance 72 38 89.5 Q 66,462 N (1000-2499) 941 N D 26,444 N
637 Pension, health, and welfare funds 68 57 19.3 62,449 D N 809 (500-999) N 27,452 D N
6371 Pension, health, and welfare funds 68 57 19.3 62,449 D N 809 (500-999) N 27,452 D N
639 Insurance carriers, n.e.c. 4 1 300.0 D D N (1-19) (1-19) N D D N
6399 Insurance carriers, nec 4 1 300.0 D D N (1-19) (1-19) 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 4,334 3,987 8.7 2,194,195 1,662,050 32.0 23,634 20,968 12.7 808,626 606,298 33.4
641 Insurance agents, brokers, and services 4,334 3,987 8.7 2,194,195 1,662,050 32.0 23,634 20,968 12.7 808,626 606,298 33.4
6411 Insurance agents, brokers, and services 4,334 3,987 8.7 2,194,195 1,662,050 32.0 23,634 20,968 12.7 808,626 606,298 33.4
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 6,703 5,825 15.1 D 3,311,609 N (25k-49999) 32,246 N D 613,061 N
651 Real estate operators (except developers) and lessors 2,652 2,487 6.6 D 1,878,805 N (10k-24999) 11,909 N D r N
6512 Operators of nonresidential buildings 780 752 3.7 D 725,201 N (2500-4999) 3,159 N D 62,359 N
6513 Operators of apartment buildings 1,241 1,079 15.0 1,055,506 743,687 41.9 8,016 6,095 31.5 131,132 r 55.2
6514 Operators of dwellings other than apartment buildings 191 207 -7.7 58,324 95,613 -39.0 508 790 -35.7 8,798 10,081 -12.7
6515 Operators of residential mobile home sites 397 416 -4.6 257,254 234,073 9.9 1,339 1,267 5.7 23,646 19,306 22.5
653 Real estate agents and managers 3,473 2,896 19.9 D 1,246,671 N (10k-24999) 17,458 N D 348,781 N
6531 Real estate agents and managers 3,473 2,896 19.9 D 1,246,671 N (10k-24999) 17,458 N D 348,781 N
654 Title abstract offices 144 103 39.8 86,276 54,564 58.1 1,352 831 62.7 38,232 21,392 78.7
655 Land subdividers and developers 434 339 28.0 D 201,569 N (2500-4999) 2,048 N D 54,759 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 742 467 58.9 3,382,560 1,048,749 222.5 7,812 3,375 131.5 474,507 156,416 203.4
671 Holding offices 306 264 15.9 893,770 858,980 4.1 3,818 2,602 46.7 326,982 124,807 162.0
672 Investment offices 0 17 N 0 6,192 N 0 45 N 0 2,466 N
673 Trusts 197 N N D N N (1000-2499) N N D N N
679 Miscellaneous investing 239 186 28.5 D 183,577 N (2500-4999) 728 N D 29,143 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