Offices of Bank Holding Companies
Key Figures
Figures are published for NAICS 551111 directly.
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Official definition
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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Bank holding companies are classified in this industry when their primary purpose is to own a controlling interest or influence management of other firms through securities ownership, without actively administering or overseeing those firms' operations. The distinction from offices of other holding companies lies in the type of entity; bank holding companies are legal entities specifically designated as such and are classified here, while non-bank holding companies belong in offices of other holding companies. Corporate managing offices that actively administer and oversee their subsidiary operations, even if they hold securities, are classified separately in corporate, subsidiary, and regional managing offices.