You are here:  Home Q's and A's Sectors Sector (52)

Business Sector FAQs Sector 52: Finance and Insurance Resources for this sector   List of all forms in this sector   General Q's and A's Questions about this sector are provided below and apply to the Sector as a whole.

Questions

Sector Questions

1.    How are holding companies classified?

2.    Which finance or insurance form should I use?

3.    Why are the 2002 forms so different?

4.    If I don't have information should I leave it blank?

Answers

Sector Questions

1. How are holding companies classified?

Holding companies, including finance and insurance holding companies, are classified in NAICS sector 55, Management of Companies and Enterprises. Bank, non-bank, and active management companies are included in sector 55 and will receive a census form numbered MN-55xxx.

back to top

2. Which finance or insurance form should I use?

Please use the census form(s) that you received. Completing and submitting the form you received will expedite your response, and any FI-52xxx form should be effective to provide information for any finance or insurance establishment. Please use the "Other..." category if necessary (for example, for Item 18 or 22), and include any needed explanation of your responses in the "Remarks" section available on most forms (after Item 29). If you need forms, please contact us.

back to top

3. Why are the 2002 forms so different?

The 2002 Economic Census features both technical and substantive improvements. Technical improvements include use of letter-size paper and the same question numbers across all forms. Substantive improvements include use of new NAPCS product codes for receipts or revenues detail for some industries. The new NAPCS codes will provide first-ever, market-based, product data that can be linked to NAICS industry-based data.

back to top

4. If I don't have information should I leave it blank?

No. Please provide your best estimate of any item that is not available in your business records. We find that your best estimate is much better than no information at all. If you do provide estimates, use the "Remarks" section available on most forms (after Item 29) to identify and explain them.

back to top