Commercial Banking
Key Figures
Figures are published for NAICS 522110 directly.
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Official definition
This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Commercial banks and branches of foreign banks are included in this industry.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Commercial banking establishments accept demand and other deposits and make commercial, industrial, and consumer loans. The distinguishing feature of this industry is the combination of deposit-taking and broad lending activities across multiple borrower types. Savings institutions focus primarily on residential mortgage lending rather than the diversified commercial and industrial loan portfolios central to commercial banking. Credit unions and other depository intermediaries operate under different organizational or membership structures that differentiate them from commercial banks.