SIC 6081—Foreign Bank and Branches and Agencies

Where 6081 sits

1. H Finance, Insurance, and Real Estate
2. 60 Depository Institutions
3. 608 Foreign Banking and Branches and Agencies Of
4. 6081 Foreign Bank and Branches and Agencies

Description

Establishments operating as branches or agencies of foreign banks which specialize in commercial loans, especially trade finance. They typically fund themselves via large denomination interbank deposits, rather than through smaller denomination retail deposits. Federally licensed agencies of foreign banks may not accept deposits. Federal branches may accept deposits; however, if they choose to accept deposits in denominations of $100,000 or less, Federal deposit insurance is required.

What 6081 includes

6-digit codes

• 608100 — Foreign Bank and Branches and Agencies
• 608199 — Foreign Bank and Branches and Agencies, NEC

8-digit codes

• 60810000 — Foreign bank and branches and agencies
• 60819900 — Foreign bank and branches and agencies, nec
• 60819901 — Agencies of foreign banks

Example activities

• agencies of foreign banks
• branches of foreign banks

Cross-references for 6081

• Establishments which are owned by foreign banks but primarily engaged in accepting retail deposits from the general public in the United States are classified in Industry Group 602.

6081 in other systems