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. "% chg" columns show percent change between 1992 and 1997. An alternate display has 1992 columns.

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SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
  Financial, insurance, and real estate industries 19,451 15.8 N N 226,680 18.8 7,888,761 48.1
60 Depository institutions 4,119 4.4 15,506,352 17.6 84,115 19.8 2,434,331 49.2
61 Nondepository credit institutions 1,037 51.6 5,109,287 -39.4 15,072 5.6 671,155 31.5
62 Security and commodity brokers, dealers, exchanges, and services 1,153 58.4 1,638,503 88.8 8,471 47.1 604,895 70.0
63 Insurance carriers 1,363 17.4 D N (25k-49999) N D N
64 Insurance agents, brokers, and services 4,334 8.7 2,194,195 32.0 23,634 12.7 808,626 33.4
65 Real estate 6,703 15.1 D N (25k-49999) N D N
67 Holding and other investment offices, except trusts 742 58.9 3,382,560 222.5 7,812 131.5 474,507 203.4
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. "% chg" columns show percent change between 1992 and 1997. An alternate display has 1992 columns.

SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
  Financial, insurance, and real estate industries 19,451 15.8 N N 226,680 18.8 7,888,761 48.1
60 Depository institutions 4,119 4.4 15,506,352 17.6 84,115 19.8 2,434,331 49.2
601 Central reserve depository institutions 1 0.0 406,000 -7.8 344 -19.2 13,469 16.3
6011 Federal reserve banks 1 0.0 406,000 -7.8 344 -19.2 13,469 16.3
6019 Central reserve depository institutions, n.e.c. 0 N 0 N 0 N 0 N
602 Commercial banks 2,791 9.1 D N (50k-99999) N D N
6021 National commercial banks 1,265 13.4 5,771,184 44.3 41,312 60.7 1,256,775 97.5
6022 State commercial banks 1,526 5.8 D N (10k-24999) N D N
603 Savings institutions 493 -9.9 D N (5000-9999) N D N
6035 Savings institutions, federally chartered 467 -13.4 D N (5000-9999) N D N
6036 Savings institutions, not federally chartered 26 225.0 D N (100-249) N D N
606 Credit unions 754 -3.1 1,616,086 44.5 9,800 17.1 244,181 44.6
6061 Credit unions, federally chartered 282 -6.3 612,316 41.0 3,963 15.2 100,334 42.8
6062 Credit unions, not federally chartered 472 -1.0 1,003,770 46.8 5,837 18.4 143,847 45.9
608 Foreign banking and branches and agencies of foreign banks 0 N 0 N 0 N 0 N
609 Functions related to depository banking 80 35.6 D N (500-999) N D N
SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
61 Nondepository credit institutions 1,037 51.6 5,109,287 -39.4 15,072 5.6 671,155 31.5
616 Mortgage bankers and brokers 715 102.0 1,207,551 30.1 9,082 39.7 383,470 64.2
SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
62 Security and commodity brokers, dealers, exchanges, and services 1,153 58.4 1,638,503 88.8 8,471 47.1 604,895 70.0
621 Security brokers, dealers, and flotation companies 715 69.8 D N (5000-9999) N D N
6211 Security brokers, dealers, and flotation companies 715 69.8 D N (5000-9999) N D N
623 Security and commodity exchanges 0 N 0 N 0 N 0 N
6231 Security and commodity exchanges 0 N 0 N 0 N 0 N
628 Services allied with the exchange of securities or commodities 428 41.7 D N (1000-2499) N D N
SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
63 Insurance carriers 1,363 17.4 D N (25k-49999) N D N
631 Life insurance 288 -14.5 Q N (10k-24999) N D N
6311 Life insurance 288 -14.5 Q N (10k-24999) N D N
632 Accident and health insurance and medical service plans 113 24.2 Q N (10k-24999) N D N
6321 Accident and health insurance 26 -7.1 Q N (1000-2499) N D N
6324 Hospital and medical service plans 87 38.1 Q N 12,824 28.5 545,100 59.0
633 Fire, marine, and casualty insurance 794 28.1 Q N (10k-24999) N D N
6331 Fire, marine, and casualty insurance 794 28.1 Q N (10k-24999) N D N
635 Surety insurance 24 41.2 Q N 102 37.8 4,573 91.6
6351 Surety insurance 24 41.2 Q N 102 37.8 4,573 91.6
636 Title insurance 72 89.5 Q N (1000-2499) N D N
6361 Title insurance 72 89.5 Q N (1000-2499) N D N
637 Pension, health, and welfare funds 68 19.3 62,449 N 809 N 27,452 N
6371 Pension, health, and welfare funds 68 19.3 62,449 N 809 N 27,452 N
639 Insurance carriers, n.e.c. 4 300.0 D N (1-19) N D N
6399 Insurance carriers, nec 4 300.0 D N (1-19) N D N
SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
64 Insurance agents, brokers, and services 4,334 8.7 2,194,195 32.0 23,634 12.7 808,626 33.4
641 Insurance agents, brokers, and services 4,334 8.7 2,194,195 32.0 23,634 12.7 808,626 33.4
6411 Insurance agents, brokers, and services 4,334 8.7 2,194,195 32.0 23,634 12.7 808,626 33.4
SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
65 Real estate 6,703 15.1 D N (25k-49999) N D N
651 Real estate operators (except developers) and lessors 2,652 6.6 D N (10k-24999) N D N
6512 Operators of nonresidential buildings 780 3.7 D N (2500-4999) N D N
6513 Operators of apartment buildings 1,241 15.0 1,055,506 41.9 8,016 31.5 131,132 55.2
6514 Operators of dwellings other than apartment buildings 191 -7.7 58,324 -39.0 508 -35.7 8,798 -12.7
6515 Operators of residential mobile home sites 397 -4.6 257,254 9.9 1,339 5.7 23,646 22.5
653 Real estate agents and managers 3,473 19.9 D N (10k-24999) N D N
6531 Real estate agents and managers 3,473 19.9 D N (10k-24999) N D N
654 Title abstract offices 144 39.8 86,276 58.1 1,352 62.7 38,232 78.7
655 Land subdividers and developers 434 28.0 D N (2500-4999) N D N
SIC 1987 SIC Description Establishments Revenue
($1,000)
Paid employees Annual payroll
($1,000)
1997 % chg 1997 % chg 1997 % chg 1997 % chg
67 Holding and other investment offices, except trusts 742 58.9 3,382,560 222.5 7,812 131.5 474,507 203.4
671 Holding offices 306 15.9 893,770 4.1 3,818 46.7 326,982 162.0
672 Investment offices 0 N 0 N 0 N 0 N
673 Trusts 197 N D N (1000-2499) N D N
679 Miscellaneous investing 239 28.5 D N (2500-4999) N D 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