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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 2019U.S.Selected Services 2- thru 4-digits
Quarterly Workforce Indicators (QWI)Quarterly2Q 2019States, counties, metro areasSelected 2- thru 4-digits
American Community Survey (ACS)Annual2017U.S, states, counties, places, metros, tractsSelected 2- thru 6-digits
Annual Capital Expenditures Survey (ACES)Annual2017U.S.Selected 2- thru 6-digits
Business Research and Development and Innovation Survey (BRDIS)AnnualU.S.Selected 2- thru 4-digits
County Business Patterns (BP)Annual2016U.S., states, counties, metros, ZIP Codes, and island areasSelected 2- thru 6-digits
E-Stats (E-Commerce Statistics) (E-STAT)Annual2016U.S.Selected 2- thru 5-digits
Information and Communication Technology Survey (ICT)Annual2013U.S.2-digits
Nonemployer Statistics (NES)Annual2017U.S., states, metro areas, countiesSelected 2- thru 6-digits
Service Annual Survey (SAS)Annual2017U.S.Selected Services 3- thru 6-digits
Statistics of U.S. Businesses (SUSB)Annual2016U.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 years2012U.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
County Business PatternsGeographic Area Series Geography Area Series: County Business Patterns 2016 2015 2014 2013 2012 2011 2010 2009 2008
Geography Area Series: County Business Patterns by Legal Form of Organization 2016 2015 2014 2013 2012 2011 2010 2009 2008
Geography Area Series: County Business Patterns by Employment Size Class 2016 2015 2014 2013 2012 2011 2010 2009 2008
Geography Area Series: County Business Patterns for Puerto Rico and the Island Areas 2016 2015 2014 2013 2012 2011 2010 2009 2008
Geography Area Series: County Business Patterns by Employment Size Class for Puerto Rico and the Island Areas 2016 2015 2014 2013 2012 2011 2010 2009 2008
ZIP Code Business Statistics ZIP Code Business Statistics: Zip Code Business Patterns by Employment Size Class 2016 2015 2014 2013 2012 2011 2010 2009 2008
Economic Census 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
Finance and Insurance: Geographic Area Series: Summary Statistics for the U.S., States, Metro Areas, Counties, and Places: 2012 2012 2007 2002
Comparative Statistics for the United States (2002 NAICS Basis): 2007
Subject Series: Establishment and Firm Size Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Revenue Size of Establishments for the U.S.: 2012 2012 2007 2002
Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Employment Size of Establishments for the U.S.: 2012 2012 2007 2002
Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics for Single Unit and Multiunit Firms for the U.S.: 2012 2012 2007 2002
Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Revenue Size of Firms for the U.S.: 2012 2012 2007 2002
Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Employment Size of Firms for the U.S.: 2012 2012 2007 2002
Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Concentration of Largest Firms for the U.S.: 2012 2012 2007 2002
Finance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Legal Form of Organization for the U.S.: 2012 2012 2007 2002
Subject Series: Product Lines Finance and Insurance: Subject Series - Product Lines: Product Lines Statistics by Industry for the U.S.: 2012 2012 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, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 and 2007 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Legal Form of Organization for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Sales/Receipts/Revenue/Shipments Size of Establishments for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Employment Size of Establishments for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Gender Status of Ownership for Commonwealth of the Northern Mariana Islands, Guam, and U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: General Statistics by Kind of Business and Citizenship Status of Ownership for American Samoa, Commonwealth of the Northern Mariana Islands, and Guam: 2012 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 Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012
Island Areas: Geographic Area Series: E-commerce Statistics for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012 2007
Island Areas: Geographic Area Series: Capital Expenditures and Depreciation Charges for American Samoa, Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and U.S. Virgin Islands: 2012 2012
Island Areas: Geographic Area Series: Share of Sales/Receipts/Revenue by Kind of Business Accounted for by the 4, 8, 20, and 50 Largest Establishments for Puerto Rico: 2012 2012 2007
Island Areas: Geographic Area Series: Selected Expenses and Rental Payments by Kind of Business for Puerto Rico: 2012 2012 2007
Nonemployer Statistics Nonemployer Statistics Geographic Area Series: Nonemployer Statistics by Legal Form of Organization for the U.S. and States: 2016 2016 2015 2014 2013 2012 2007
Geographic Area Series: Nonemployer Statistics for the US, States, Metropolitan Areas, and Counties: 2016 2016 2015 2014 2013 2012 2007
Geographic Area Series: Nonemployer Statistics by Receipt Size Class for the U.S.: 2016 2016 2015 2014 2013 2012
Survey of Business Owners Survey of Business Owners Preliminary Statistics for All U.S. Firms by Sector, Gender, Ethnicity, and Race for the U.S. and States: 2012 2012 2007
Preliminary Statistics for All U.S. Firms by Sector, Veteran Status, and Gender for the U.S. and States: 2012 2012
Preliminary Statistics for All U.S. Firms by Sector, Veteran Status, and Ethnicity for the U.S. and States: 2012 2012
Preliminary Statistics for All U.S. Firms by Sector, Veteran Status, and Race for the U.S. and States: 2012 2012
Statistics for All U.S. Firms by Industry, Gender, and Receipts Size of Firm for the U.S. and States: 2012 2012
Statistics for All U.S. Firms by Industry, Ethnicity, and Receipts Size of Firm for the U.S. and States: 2012 2012 2007
Statistics for All U.S. Firms by Industry, Race, and Receipts Size of Firm for the U.S and States: 2012 2012
Statistics for All U.S. Firms by Industry, Veteran Status, and Receipts Size of Firm for the U.S. and States: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Industry, Gender, and Employment Size of Firm for the U.S. and States: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Industry, Ethnicity, and Employment Size of Firm for the U.S. and States: 2012 2012 2007
Statistics for All U.S. Firms With Paid Employees by Industry, Race, and Employment Size of Firm for the U.S. and States: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Industry, Veteran Status, and Employment Size of Firm for the U.S. and States: 2012 2012
Statistics for All U.S. Firms That Were Jointly Owned and Operated by Spouses by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Were Jointly Owned and Operated by Spouses by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Were Jointly Owned and Operated by Spouses by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Were Family-Owned by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Were Family-Owned by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Were Family-Owned by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Number of Owners by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Number of Owners by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Number of Owners by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Year the Business Was Originally Established or Self-Employment Activity Begun by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Year the Business Was Originally Established or Self-Employment Activity Begun by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Year the Business Was Originally Established or Self-Employment Activity Begun by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Sources of Capital Used to Start or Acquire the Business by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Sources of Capital Used to Start or Acquire the Business by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Sources of Capital Used to Start or Acquire the Business by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Total Amount of Capital Used to Start or Acquire the Business by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Total Amount of Capital Used to Start or Acquire the Business by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Total Amount of Capital Used to Start or Acquire the Business by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Were Home-Based by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Were Home-Based by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Were Home-Based by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Sources Used to Finance Expansion or Capital Improvements by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Sources Used to Finance Expansion or Capital Improvements by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Sources Used to Finance Expansion or Capital Improvements by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Total Sales of 10 Percent or More by Customer Categories by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Total Sales of 10 Percent or More by Customer Categories by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Total Sales of 10 Percent or More by Customer Categories by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Percent of Total Sales of Goods/Services Exported Outside the United States by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Percent of Total Sales of Goods/Services Exported Outside the United States by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Percent of Total Sales of Goods/Services Exported Outside the United States by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Outsourced or Transferred a Function/Service Outside the United States by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Outsourced or Transferred a Function/Service Outside the United States by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Outsourced or Transferred a Function/Service Outside the United States by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Language(s) Used for Customer Transactions by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Language(s) Used for Customer Transactions by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Language(s) Used for Customer Transactions by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Types of Workers by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Types of Workers by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Types of Workers by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Totally or Partly Paid Employee Benefits by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Totally or Partly Paid Employee Benefits by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Totally or Partly Paid Employee Benefits by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Had a Website by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Had a Website by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Had a Website by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Had E-Commerce Sales by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Had E-Commerce Sales by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Had E-Commerce Sales by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Business Activity by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Business Activity by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Business Activity by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Reasons That a Business Ceased Operations by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms by Reasons That a Business Ceased Operations by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees by Reasons That a Business Ceased Operations by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Operated as Franchises or Partially as Franchises by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Operated as Franchises or Partially as Franchises by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Operated as Franchises or Partially as Franchises by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Had Operations Outside the United States by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Had Operations Outside the United States by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Had Operations Outside the United States by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Owned Intellectual Property by Industry, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms That Owned Intellectual Property by Receipts Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for All U.S. Firms With Paid Employees That Owned Intellectual Property by Employment Size of Firm, Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by How the Owner Initially Acquired the Business by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Year the Owner Acquired the Business by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Owner s Primary Function in the Business by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Owner s Average Number of Hours Per Week Spent Managing or Working in the Business by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Whether the Business Provided the Owner s Primary Source of Personal Income by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Whether the Owner Previously Owned a Business or Had Been Self-Employed by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Owner s Educational Background by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Owner s Age by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Owners of Respondent Firms by Whether the Owner Was Born a U.S. Citizen by Gender, Ethnicity, Race, and Veteran Status for the U.S.: 2012 2012
Statistics for Veteran Owners of Respondent Firms by Owner s Specific Veteran Characteristics and Gender for the U.S.: 2012 2012

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.
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