1997 Economic Census:
Comparative Statistics for Minnesota
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 12,840 10,610 21.0 N 34,482,844 N 152,750 124,756 22.4 6,232,366 4,116,265 51.4
60 Depository institutions 1,799 1,684 6.8 7,844,290 6,685,614 17.3 37,087 35,496 4.5 1,222,745 961,818 27.1
61 Nondepository credit institutions 828 564 46.8 D 2,842,591 N (10k-24999) 9,525 N D 372,250 N
62 Security and commodity brokers, dealers, exchanges, and services 991 675 46.8 D 1,616,104 N (10k-24999) 7,966 N D 563,570 N
63 Insurance carriers 769 697 10.3 D 19,236,758 N (25k-49999) 34,501 N D 1,225,758 N
64 Insurance agents, brokers, and services 3,405 2,861 19.0 1,544,466 1,114,047 38.6 15,778 12,407 27.2 522,813 366,531 42.6
65 Real estate 4,523 3,749 20.6 D 2,078,695 N (10k-24999) 20,040 N D 366,561 N
67 Holding and other investment offices, except trusts 525 380 38.2 D 909,035 N (5000-9999) 4,821 N D 259,777 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 12,840 10,610 21.0 N 34,482,844 N 152,750 124,756 22.4 6,232,366 4,116,265 51.4
60 Depository institutions 1,799 1,684 6.8 7,844,290 6,685,614 17.3 37,087 35,496 4.5 1,222,745 961,818 27.1
601 Central reserve depository institutions 1 2 -50.0 367,635 431,160 -14.7 1,133 1,086 4.3 47,853 35,878 33.4
6011 Federal reserve banks 1 1 0.0 367,635 347,431 5.8 1,133 1,027 10.3 47,853 34,422 39.0
6019 Central reserve depository institutions, n.e.c. 0 1 N 0 83,729 N 0 59 N 0 1,456 N
602 Commercial banks 1,353 1,137 19.0 D 4,639,448 N (25k-49999) 25,980 N D 724,524 N
6021 National commercial banks 678 499 35.9 4,440,724 3,124,195 42.1 18,530 15,998 15.8 647,367 477,142 35.7
6022 State commercial banks 675 638 5.8 D 1,515,253 N (10k-24999) 9,982 N D 247,382 N
603 Savings institutions 103 207 -50.2 D 1,040,540 N (1000-2499) 4,444 N D 105,842 N
6035 Savings institutions, federally chartered 101 206 -51.0 D D N (1000-2499) (2500-4999) N D D N
6036 Savings institutions, not federally chartered 2 1 100.0 D D N (1-19) (20-99) N D D N
606 Credit unions 284 289 -1.7 451,258 310,723 45.2 2,751 2,269 21.2 68,186 44,098 54.6
6061 Credit unions, federally chartered 118 108 9.3 243,251 136,628 78.0 1,418 1,050 35.0 36,708 21,287 72.4
6062 Credit unions, not federally chartered 166 181 -8.3 208,007 174,095 19.5 1,333 1,219 9.4 31,478 22,811 38.0
608 Foreign banking and branches and agencies of foreign banks 1 0 N D 0 N (1-19) 0 N D 0 N
609 Functions related to depository banking 57 49 16.3 321,251 263,743 21.8 2,481 1,717 44.5 88,370 51,476 71.7
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 828 564 46.8 D 2,842,591 N (10k-24999) 9,525 N D 372,250 N
616 Mortgage bankers and brokers 491 215 128.4 D 736,443 N (5000-9999) 4,617 N D 197,629 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 991 675 46.8 D 1,616,104 N (10k-24999) 7,966 N D 563,570 N
621 Security brokers, dealers, and flotation companies 554 332 66.9 2,398,936 1,291,530 85.7 8,451 6,285 34.5 715,306 436,491 63.9
6211 Security brokers, dealers, and flotation companies 554 332 66.9 2,398,936 1,291,530 85.7 8,451 6,285 34.5 715,306 436,491 63.9
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 395 310 27.4 D D N (5000-9999) (1000-2499) 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 769 697 10.3 D 19,236,758 N (25k-49999) 34,501 N D 1,225,758 N
631 Life insurance 210 210 0.0 Q 11,737,798 N 16,437 15,157 8.4 727,277 605,013 20.2
6311 Life insurance 210 210 0.0 Q 11,737,798 N 16,437 15,157 8.4 727,277 605,013 20.2
632 Accident and health insurance and medical service plans 71 53 34.0 Q 1,398,550 N 9,399 4,372 115.0 346,474 131,926 162.6
6321 Accident and health insurance 17 21 -19.0 Q 240,039 N (500-999) 872 N D 21,008 N
6324 Hospital and medical service plans 54 32 68.8 Q 1,158,511 N (5000-9999) 3,500 N D 110,918 N
633 Fire, marine, and casualty insurance 382 379 0.8 Q 5,801,628 N (10k-24999) 13,876 N D 452,837 N
6331 Fire, marine, and casualty insurance 382 379 0.8 Q 5,801,628 N (10k-24999) 13,876 N D 452,837 N
635 Surety insurance 12 12 0.0 Q D N 47 (20-99) N 1,900 D N
6351 Surety insurance 12 12 0.0 Q D N 47 (20-99) N 1,900 D N
636 Title insurance 44 13 238.5 Q D N (1000-2499) (500-999) N D D N
6361 Title insurance 44 13 238.5 Q D N (1000-2499) (500-999) N D D N
637 Pension, health, and welfare funds 44 29 51.7 56,320 36,153 55.8 912 506 80.2 29,062 16,661 74.4
6371 Pension, health, and welfare funds 44 29 51.7 56,320 36,153 55.8 912 506 80.2 29,062 16,661 74.4
639 Insurance carriers, n.e.c. 6 1 500.0 D D N (100-249) (1-19) N D D N
6399 Insurance carriers, nec 6 1 500.0 D D N (100-249) (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 3,405 2,861 19.0 1,544,466 1,114,047 38.6 15,778 12,407 27.2 522,813 366,531 42.6
641 Insurance agents, brokers, and services 3,405 2,861 19.0 1,544,466 1,114,047 38.6 15,778 12,407 27.2 522,813 366,531 42.6
6411 Insurance agents, brokers, and services 3,405 2,861 19.0 1,544,466 1,114,047 38.6 15,778 12,407 27.2 522,813 366,531 42.6
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 4,523 3,749 20.6 D 2,078,695 N (10k-24999) 20,040 N D 366,561 N
651 Real estate operators (except developers) and lessors 1,735 1,684 3.0 D 1,062,930 N (5000-9999) 7,839 N D 116,018 N
6512 Operators of nonresidential buildings 405 405 0.0 D 470,015 N (1000-2499) 2,411 N D 53,653 N
6513 Operators of apartment buildings 1,057 965 9.5 659,748 473,379 39.4 4,965 4,488 10.6 65,270 50,769 28.6
6514 Operators of dwellings other than apartment buildings 82 115 -28.7 25,532 46,330 -44.9 328 490 -33.1 4,699 4,250 10.6
6515 Operators of residential mobile home sites 142 154 -7.8 61,861 60,651 2.0 353 380 -7.1 5,554 5,629 -1.3
653 Real estate agents and managers 2,315 1,624 42.5 D 779,789 N (10k-24999) 9,816 N D 189,229 N
6531 Real estate agents and managers 2,315 1,624 42.5 D 779,789 N (10k-24999) 9,816 N D 189,229 N
654 Title abstract offices 212 162 30.9 141,797 112,990 25.5 1,915 1,500 27.7 54,782 38,456 42.5
655 Land subdividers and developers 261 279 -6.5 D 122,986 N (500-999) 885 N D 22,858 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 525 380 38.2 D 909,035 N (5000-9999) 4,821 N D 259,777 N
671 Holding offices 238 226 5.3 D 478,833 N (2500-4999) 1,955 N D 119,739 N
672 Investment offices 0 23 N 0 D N 0 (1000-2499) N 0 D N
673 Trusts 143 N N D N N (500-999) N N D N N
679 Miscellaneous investing 144 131 9.9 233,882 D N 1,130 (500-999) N 50,298 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