Offices of Bank Holding Companies
Description
This U.S. industry comprises legal entities known as bank holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold.
Hierarchy
| Code | Title | Description |
|---|---|---|
| 55 | Management of Companies and Enterprises 2-digit sector | The Sector as a Whole The Management of Companies and Enterprises sector comprises (1) establishments that hold the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or (2) establishments (except government establishments) that administer, oversee, and manage establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise. Establishments in this sector perform essential activities that are often undertaken in-house by establishments in many sectors of the economy. By consolidating the performance of these activities of the enterprise at one establishment, economies of scale are achieved. Government establishments primarily engaged in administering, overseeing, and managing governmental programs are classified in Sector 92, Public Administration. Establishments primarily engaged in providing a range of day-to-day office administrative services for other companies or enterprises on a contract or fee basis, such as financial planning, billing and recordkeeping, personnel, and physical distribution and logistics, are classified in Industry 56111, Office Administrative Services. |
| 551 | Management of Companies and Enterprises 3-digit subsector | Industries in the Management of Companies and Enterprises subsector include three main types of establishments: (1) those that hold the securities of (or other equity interests in) companies and enterprises; (2) those (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise but do not hold the securities of these establishments; and (3) those that both administer, oversee, and manage other establishments of the company or enterprise and hold the securities of (or other equity interests in) these establishments. Those establishments that administer, oversee, and manage normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. |
| 5511 | Management of Companies and Enterprises 4-digit industry group | Industries in the Management of Companies and Enterprises subsector include three main types of establishments: (1) those that hold the securities of (or other equity interests in) companies and enterprises; (2) those (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise but do not hold the securities of these establishments; and (3) those that both administer, oversee, and manage other establishments of the company or enterprise and hold the securities of (or other equity interests in) these establishments. Those establishments that administer, oversee, and manage normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. |
| 55111 | Management of Companies and Enterprises 5-digit NAICS industry | This industry comprises (1) establishments primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or (2) establishments (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise. |
| 551111 | Offices of Bank Holding Companies 6-digit U.S. detail | This U.S. industry comprises legal entities known as bank holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold. |
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Classification References
- 01Holding the securities of (or other equity interests in) a company or enterprise and administering, overseeing, and managing establishments of the company or enterprise whose securities they hold--are classified in U.S. Industry 551114, Corporate, Subsidiary, and Regional Managing Offices; and
- 02Holding the securities of depository banks and operating these entities--are classified in Industry Group 5221, Depository Credit Intermediation.
Index Items
Bank holding companies (except managing)
Holding companies, bank (except managing)
Offices of bank holding companies
How Item Can Help
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External Resources
Census.gov NAICS Detail
Official US Census Bureau definition and scope for NAICS 551111.
National Bank Association
Leading trade association representing U.S. bank holding companies and their shareholders.
Federal Reserve Board
Official government portal providing regulatory information and data specifically for bank holding companies.
NAICS 551111 Directory
U.S. Census Bureau page defining the industry and providing a searchable directory of establishments.
