Industry Description
Federally chartered savings institutions (accepting deposits) operating under Federal charter.
Business Examples
Common types of business activities within US SIC 6035 - Savings Institutions, Federally Chartered are:
- Federal savings and loan associations
- Saving banks, Federal
- Savings and loan associations, federally chartered
IBISWorld Industry Research Report
Savings Banks & Thrifts in the US (52212)
Revenue 2022
$55bn
Growth 2022
0.45%
Key Trends
The industry has received tailwinds from regulations and the real estate market
Large commercial banks and mutual funds have offered more convenient and liquid depository alternatives
Estate markets are anticipated to cool off amid rising interest rates
Products and Services
US-SIC Hierarchy 6035 - Savings Institutions, Federally Chartered
US-SIC Code 6035 - Savings Institutions, Federally Chartered sits in the 2-digit Savings Institutions, Federally Chartered 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 6035 - Savings Institutions, Federally Chartered
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6035 - Savings Institutions, Federally Chartered. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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603501 Savings & loan associations
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603502 Thrift & loan companies
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603503 Savings plans
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603504 Savings & loan assns-representatives
8 Digit SIC Codes
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60350000 Federal savings institutions
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60359900 Federal savings institutions, nec
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60359901 Federal savings and loan associations
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60359902 Federal savings banks
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