Industry Description
The Federal Reserve banks and their branches, which serve as regional reserve and rediscount institutions for their member banks.
Business Examples
Common types of business activities within US SIC 6011 - Federal Reserve Banks are:
- Federal Reserve banks
- Federal Reserve branches
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
US-SIC Hierarchy 6011 - Federal Reserve Banks
US-SIC Code 6011 - Federal Reserve Banks sits in the 2-digit Federal Reserve Banks sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6011 - Federal Reserve Banks
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6011 - Federal Reserve Banks. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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601101 Federal reserve banks
8 Digit SIC Codes
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60110000 Federal reserve banks
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60119900 Federal reserve banks, nec
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60119901 Federal Reserve branches
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