Industry Description
This industry comprises establishments primarily engaged in performing central banking functions, such as issuing currency, managing the Nation's money supply and international reserves, holding deposits that represent the reserves of other banks and other central banks, and acting as a fiscal agent for the central government.
Cross-References.
Business Examples
Common types of business activities within NAICS 521110 - Monetary Authorities-Central Bank are:
- Financial transactions processing of the central bank
- Monetary authorities, central bank
- Federal Reserve Banks or Branches
- Check clearing activities of the central bank
- Branches, Federal Reserve Bank
- Central bank, monetary authorities
- Banks, Federal Reserve
- Banking, central
IBISWorld Industry Research Report
Industrial Banks in the US (52219)
Revenue 2022
$13.1bn
Growth 2022
4.49%
Key Trends
Recently decreased rates along with the exit of AECB has helped bolster average industry profitability during the period
Due to the widespread distribution of the coronavirus vaccine, economic improvements are expected to boost demand
Some nonfinancial companies are expected to seek industrial loan company charters from the FDIC
Products and Services
Similar Industries
For some business types, there may be a similar industry to 521110 - Monetary Authorities-Central Bank that is a better classification match. Establishments primarily engaged in:
NAICS Hierarchy 521110 - Monetary Authorities-Central Bank
NAICS Code 521110 - Monetary Authorities-Central Bank sits in the 2-digit Monetary Authorities-Central Bank sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
-
-
5211 Monetary Authorities-Central Bank
-
52111 Monetary Authorities-Central Bank
-
-
-
-
5221 Depository Credit Intermediation
-
52211 Commercial Banking
-
52212 Savings Institutions
-
52213 Credit Unions
-
52219 Other Depository Credit Intermediation
-
-
5222 Nondepository Credit Intermediation
-
52221 Credit Card Issuing
-
52222 Sales Financing
-
52229 Other Nondepository Credit Intermediation
-
-
5223 Activities Related to Credit Intermediation
-
52231 Mortgage and Nonmortgage Loan Brokers
-
52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
-
52239 Other Activities Related to Credit Intermediation
-
-
-
-
5231 Securities and Commodity Contracts Intermediation and Brokerage
-
52311 Investment Banking and Securities Dealing
-
52312 Securities Brokerage
-
52313 Commodity Contracts Dealing
-
52314 Commodity Contracts Brokerage
-
-
5232 Securities and Commodity Exchanges
-
52321 Securities and Commodity Exchanges
-
-
5239 Other Financial Investment Activities
-
52391 Miscellaneous Intermediation
-
52392 Portfolio Management
-
52393 Investment Advice
-
52399 All Other Financial Investment Activities
-
-
-
-
5241 Insurance Carriers
-
52411 Direct Life, Health, and Medical Insurance Carriers
-
52412 Direct Insurance (except Life, Health, and Medical) Carriers
-
52413 Reinsurance Carriers
-
-
5242 Agencies, Brokerages, and Other Insurance Related Activities
-
52421 Insurance Agencies and Brokerages
-
52429 Other Insurance Related Activities
-
-
-
-
5251 Insurance and Employee Benefit Funds
-
52511 Pension Funds
-
52512 Health and Welfare Funds
-
52519 Other Insurance Funds
-
-
5259 Other Investment Pools and Funds
-
52591 Open-End Investment Funds
-
52592 Trusts, Estates, and Agency Accounts
-
52599 Other Financial Vehicles
-
-
NAICS Resources
Can't find the NAICS Code you are looking for? Full NAICS Code Directory
