622 Depository Financial Intermediation
This group contains the following ANZSIC classes:
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
- Savings bank operation
- Trading bank operation
Exclusions/References
Units mainly engaged in
- performing central banking functions are included in Class 6210 Central Banking;
- operating building societies are included in Class 6222 Building Society Operation;
- operating credit unions are included in Class 6223 Credit Union Operation; and
- operating merchant banks are included in Class 6229 Other Depository Financial Intermediation.
6222 Building Society Operation
This class consists of units mainly engaged in operating building societies which accept deposits and provide specialised financing for home building or purchasing purposes.
Primary activities
- Building society operation
Exclusions/References
Units mainly engaged in
- operating development, savings and trading banks are included in Class 6221 Banking; and
- operating credit unions are included in Class 6223 Credit Union Operation.
6223 Credit Union Operation
This class consists of units mainly engaged in operating credit unions which accept members’ share deposits and provide loans to their members for various purposes.
Primary activities
- Credit union operation
Exclusions/References
Units mainly engaged in
- operating development, savings and trading banks are included in Class 6221 Banking; and
- operating building societies are included in Class 6222 Building Society Operation.
6229 Other Depository Financial Intermediation
This class consists of units mainly engaged in accepting deposits and providing finance (except units operating banks, building societies and credit unions). Also included are deposit-taking units engaged in money market dealing and operating deposit-taking merchant banks or finance companies.
Primary activities
- Bill of exchange discounting or financing (except by banks)
- Commercial finance company operation
- Depository financial intermediation n.e.c.
- Merchant banking operation
- Money market dealing
Exclusions/References
Units mainly engaged in
- operating development, savings and trading banks are included in Class 6221 Banking;
- operating building societies are included in Class 6222 Building Society Operation;
- operating credit unions are included in Class 6223 Credit Union Operation;
- providing non-depository credit intermediation are included in Class 6230 Non-Depository Financing;
- providing financial market transaction broking services (e.g. stock broking) and related activities on behalf of others are included in Class 6411 Financial Asset Broking Services; and
- providing financial investment management or advisory services or other services in the field of finance or investment (except insurance or superannuation), are included in Class 6419 Other Auxiliary Finance and Investment Services.