Division K FINANCIAL AND INSURANCE SERVICES
Subdivision 62 FINANCE
Group 622 DEPOSITORY FINANCIAL INTERMEDIATION
Class 6221 Banking
| This class consists of units mainly engaged in operating banks (except merchant banks). Banks incur liabilities by accepting demand and other deposits and make commercial, industrial and consumer loans. |
| Primary activities |
- Development bank operation
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| Exclusions/References |
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- performing central banking functions are included in Class 6210 Central Banking;
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- operating building societies are included in Class 6222 Building Society Operation;
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- operating credit unions are included in Class 6223 Credit Union Operation; and
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- operating merchant banks are included in Class 6229 Other Depository Financial Intermediation.
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