1997 Economic Census: Finance and Insurance

	1997 Economic Census: Finance and Insurance Michigan

See also 2002 Economic Census data.

Finance and Insurance by Subsector
Introductory text includes scope and methodology. Table includes only establishments with payroll. Nonemployers are shown separately. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.

NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
52	Finance & insurance	12,249	N	6,598,853	181,898
521	Monetary authorities - central bank	1	406,000	13,469	344
522	Credit intermediation & related activities	5,204	20,240,623	3,097,450	99,086
523	Securities intermediation & related activities	1,320	1,945,772	642,729	9,454
524	Insurance carriers & related activities	5,697	N	2,808,056	71,594
525	Funds, trusts, & other financial vehicles (part)	27	390,475	37,149	1,420

Finance and Insurance by Industry
Introductory text includes scope and methodology. Table includes only establishments with payroll. Nonemployers are shown separately. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.

NAICS
code Description Estab-
lish-
ments Revenue
($1,000) Annual
payroll
($1,000) Paid
employees

52 Finance & insurance 12,249 N 6,598,853 181,898

NAICS
code Description Estab-
lish-
ments Revenue
($1,000) Annual
payroll
($1,000) Paid
employees

521 Monetary authorities - central bank 1 406,000 13,469 344

NAICS
code Description Estab-
lish-
ments Revenue
($1,000) Annual
payroll
($1,000) Paid
employees

522 Credit intermediation & related activities 5,204 20,240,623 3,097,450 99,086

5221 Depository credit intermediation 4,040 15,035,301 2,403,854 83,158

52211 Commercial banking 2,793 11,203,591 1,942,662 65,214

5221101 National commercial banks (banking) 1,265 5,771,184 1,256,775 41,312

5221102 State commercial banks (banking) 1,526 D D (10k-24999)

52212 Savings institutions 493 2,215,624 217,011 8,144

5221201 Savings institutions (federally chartered) 467 D D (5000-9999)

5221203 Savings institutions (not federally chartered) 26 D D (100-249)

52213 Credit unions 754 1,616,086 244,181 9,800

5221301 Credit unions (federally chartered) 282 612,316 100,334 3,963

5221309 Credit unions (not federally chartered) 472 1,003,770 143,847 5,837

5222 Nondepository credit intermediation 857 4,988,098 613,378 13,613

52222 Sales financing 200 3,657,765 248,831 4,933

52229 Other nondepository credit intermediation 656 D D (5000-9999)

522291 Consumer lending 63 60,606 15,535 558

522292 Real estate credit 506 1,115,844 326,792 7,578

522298 All other nondepository credit intermediation 84 D D (250-499)

5222981 Pawn shops 49 30,466 6,118 239

5223 Activities related to credit intermediation 307 217,224 80,218 2,315

52231 Mortgage & nonmortgage loan brokers 204 115,849 50,097 1,313

52232 Financial transactions processing, reserve, & clearinghouse act 37 57,513 14,444 476

52239 Other activities related to credit intermediation 66 43,862 15,677 526

NAICS
code Description Estab-
lish-
ments Revenue
($1,000) Annual
payroll
($1,000) Paid
employees

523 Securities intermediation & related activities 1,320 1,945,772 642,729 9,454

5231 Securities & commodity contracts intermediation & brokerage 711 1,222,429 477,883 6,151

52311 Investment banking & securities dealing 51 99,556 38,561 645

52312 Securities brokerage 650 1,119,145 437,863 5,478

52314 Commodity contracts brokerage 8 D D (20-99)

5239 Other financial investment activities 609 723,343 164,846 3,303

52391 Miscellaneous intermediation 144 311,775 38,728 900

52392 Portfolio management 227 253,349 86,079 1,238

52393 Investment advice 201 146,575 36,030 986

52399 All other financial investment activities 37 11,644 4,009 179

523991 Trust, fiduciary, & custody activities 31 8,600 3,523 161

523999 Miscellaneous financial investment activities 6 3,044 486 18

NAICS
code Description Estab-
lish-
ments Revenue
($1,000) Annual
payroll
($1,000) Paid
employees

524 Insurance carriers & related activities 5,697 N 2,808,056 71,594

5241 Insurance carriers 1,295 N 1,971,978 47,151

52411 Direct life, health, & medical insurance carriers 397 Q 923,958 23,741

524113 Direct life insurance carriers 302 Q 376,723 10,857

524114 Direct health & medical insurance carriers 95 Q 547,235 12,884

52412 Other direct insurance carriers 891 Q 1,037,240 23,161

524126 Direct property & casualty insurance carriers 816 Q 1,002,114 21,820

524127 Direct title insurance carriers 72 Q D (1000-2499)

52413 Reinsurance carriers 7 Q 10,780 249

5242 Agencies, brokerages, & other insurance related activities 4,402 2,256,644 836,078 24,443

52421 Insurance agencies & brokerages 4,042 1,817,556 655,965 19,447

52429 Other insurance related activities 360 439,088 180,113 4,996

524291 Claims adjusting 98 70,110 28,191 877

524292 Third party administration of insurance & pension funds 192 293,562 123,070 3,328

524298 All other insurance related activities 70 75,416 28,852 791

NAICS
code Description Estab-
lish-
ments Revenue
($1,000) Annual
payroll
($1,000) Paid
employees

525 Funds, trusts, & other financial vehicles (part) 27 390,475 37,149 1,420

5251 Insurance and Employee Benefit Funds (not covered in the Economic Census) N N N N

5259 Other investment pools & funds (part) 27 390,475 37,149 1,420

52591 Open-End Investment Funds (not covered in the Economic Census) N N N N

52592 Trusts, Estates, and Agency Accounts (not covered in the Economic Census) N N N N

52593 Real Estate Investment Trusts (REITs) 27 390,475 37,149 1,420

52599 Other Financial Vehicles (not covered in the Economic Census) N N N N

D = Withheld to avoid disclosure; N = Not available

NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
52	Finance & insurance	12,249	N	6,598,853	181,898
NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
521	Monetary authorities - central bank	1	406,000	13,469	344
NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
522	Credit intermediation & related activities	5,204	20,240,623	3,097,450	99,086
5221	Depository credit intermediation	4,040	15,035,301	2,403,854	83,158
52211	Commercial banking	2,793	11,203,591	1,942,662	65,214
5221101	National commercial banks (banking)	1,265	5,771,184	1,256,775	41,312
5221102	State commercial banks (banking)	1,526	D	D	(10k-24999)
52212	Savings institutions	493	2,215,624	217,011	8,144
5221201	Savings institutions (federally chartered)	467	D	D	(5000-9999)
5221203	Savings institutions (not federally chartered)	26	D	D	(100-249)
52213	Credit unions	754	1,616,086	244,181	9,800
5221301	Credit unions (federally chartered)	282	612,316	100,334	3,963
5221309	Credit unions (not federally chartered)	472	1,003,770	143,847	5,837
5222	Nondepository credit intermediation	857	4,988,098	613,378	13,613
52222	Sales financing	200	3,657,765	248,831	4,933
52229	Other nondepository credit intermediation	656	D	D	(5000-9999)
522291	Consumer lending	63	60,606	15,535	558
522292	Real estate credit	506	1,115,844	326,792	7,578
522298	All other nondepository credit intermediation	84	D	D	(250-499)
5222981	Pawn shops	49	30,466	6,118	239
5223	Activities related to credit intermediation	307	217,224	80,218	2,315
52231	Mortgage & nonmortgage loan brokers	204	115,849	50,097	1,313
52232	Financial transactions processing, reserve, & clearinghouse act	37	57,513	14,444	476
52239	Other activities related to credit intermediation	66	43,862	15,677	526
NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
523	Securities intermediation & related activities	1,320	1,945,772	642,729	9,454
5231	Securities & commodity contracts intermediation & brokerage	711	1,222,429	477,883	6,151
52311	Investment banking & securities dealing	51	99,556	38,561	645
52312	Securities brokerage	650	1,119,145	437,863	5,478
52314	Commodity contracts brokerage	8	D	D	(20-99)
5239	Other financial investment activities	609	723,343	164,846	3,303
52391	Miscellaneous intermediation	144	311,775	38,728	900
52392	Portfolio management	227	253,349	86,079	1,238
52393	Investment advice	201	146,575	36,030	986
52399	All other financial investment activities	37	11,644	4,009	179
523991	Trust, fiduciary, & custody activities	31	8,600	3,523	161
523999	Miscellaneous financial investment activities	6	3,044	486	18
NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
524	Insurance carriers & related activities	5,697	N	2,808,056	71,594
5241	Insurance carriers	1,295	N	1,971,978	47,151
52411	Direct life, health, & medical insurance carriers	397	Q	923,958	23,741
524113	Direct life insurance carriers	302	Q	376,723	10,857
524114	Direct health & medical insurance carriers	95	Q	547,235	12,884
52412	Other direct insurance carriers	891	Q	1,037,240	23,161
524126	Direct property & casualty insurance carriers	816	Q	1,002,114	21,820
524127	Direct title insurance carriers	72	Q	D	(1000-2499)
52413	Reinsurance carriers	7	Q	10,780	249
5242	Agencies, brokerages, & other insurance related activities	4,402	2,256,644	836,078	24,443
52421	Insurance agencies & brokerages	4,042	1,817,556	655,965	19,447
52429	Other insurance related activities	360	439,088	180,113	4,996
524291	Claims adjusting	98	70,110	28,191	877
524292	Third party administration of insurance & pension funds	192	293,562	123,070	3,328
524298	All other insurance related activities	70	75,416	28,852	791
NAICS code	Description	Estab- lish- ments	Revenue ($1,000)	Annual payroll ($1,000)	Paid employees
525	Funds, trusts, & other financial vehicles (part)	27	390,475	37,149	1,420
5251	Insurance and Employee Benefit Funds (not covered in the Economic Census)	N	N	N	N
5259	Other investment pools & funds (part)	27	390,475	37,149	1,420
52591	Open-End Investment Funds (not covered in the Economic Census)	N	N	N	N
52592	Trusts, Estates, and Agency Accounts (not covered in the Economic Census)	N	N	N	N
52593	Real Estate Investment Trusts (REITs)	27	390,475	37,149	1,420
52599	Other Financial Vehicles (not covered in the Economic Census)	N	N	N	N

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Data in formats for downloading

Publications (page images) including city data

Source: 1997 Economic Census

Last modified: 2/ 6/01 Questions?

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Page Last Modified: February 06, 2001