SIC Codes - Standard Industrial Classification (SIC) Codes

What is a SIC Code ?

Standard Industrial Classification (SIC) codes are four digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment. The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code. Established in the United States in 1937, it is used by government agencies to classify industry areas. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies and private organizations. The classification covers all economic activities.

The SIC system arrays the economy into 11 divisions, that are divided into 83 2-digit major groups, that are further subdivided into 416 3-digit industry groups, and finally disaggregated into 1,005 4-digit industries. In the United States the SIC code is being supplanted by the six-digit North American Industry Classification System (NAICS code), which was released in 1997; however certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.

The SIC system is also used by agencies in other countries, e.g., by the United Kingdom's Companies House.

SIC Code Title
60 Depository Institutions
6011 Federal Reserve Banks
601100 Federal reserve banks
60110000 Federal reserve banks
6019 Central Reserve Depository, Nec
601900 Central reserve depository, nec
60190000 Central reserve depository, nec
601999 Central reserve depository, nec, nec
60199901 Central Liquidity Facility
60199902 Federal Home Loan Banks
60199903 National Credit Union Administration (NCUA)
6021 National Commercial Banks
602100 National commercial banks
60210000 National commercial banks
602199 National commercial banks, nec
60219901 National trust companies with deposits, commercial
6022 State Commercial Banks
602200 State commercial banks
60220000 State commercial banks
602299 State commercial banks, nec
60229901 State trust companies accepting deposits, commercial
6029 Commercial Banks, Nec
602900 Commercial banks, nec
60290000 Commercial banks, nec
6035 Federal Savings Institutions
603500 Federal savings institutions
60350000 Federal savings institutions
603599 Federal savings institutions, nec
60359901 Federal savings and loan associations
60359902 Federal savings banks
6036 Savings Institutions, Except Federal
603600 Savings institutions, except federal
60360000 Savings institutions, except federal
603699 Savings institutions, except federal, nec
60369901 Savings and loan associations, not federally chartered
60369902 State savings banks, not federally chartered
6061 Federal Credit Unions
606100 Federal credit unions
60610000 Federal credit unions
6062 State Credit Unions
606200 State credit unions
60620000 State credit unions
606299 State credit unions, nec
60629901 State credit unions, not federally chartered
6081 Foreign Bank and Branches and Agencies
608100 Foreign bank and branches and agencies
60810000 Foreign bank and branches and agencies
608199 Foreign bank and branches and agencies, nec
60819901 Agencies of foreign banks
6082 Foreign Trade and International Banks
608200 Foreign trade and international banks
60820000 Foreign trade and international banks
608299 Foreign trade and international banks, nec
60829901 Agreement Corporations
60829902 Edge Act Corporations
6091 Nondeposit Trust Facilities
609100 Nondeposit trust facilities
60910000 Nondeposit trust facilities
6099 Functions Related To Depository Banking
609900 Functions related to deposit banking
60990000 Functions related to deposit banking
609901 Check clearing services
60990100 Check clearing services
60990101 Automated clearinghouses
60990102 Clearinghouse associations, bank or check
60990103 Regional clearinghouse associations
609999 Functions related to deposit banking, nec
60999901 Check cashing agencies
60999902 Deposit brokers
60999903 Electronic funds transfer network, including switching
60999904 Escrow institutions other than real estate
60999905 Fiduciary agencies other than real estate or trust
60999906 Foreign currency exchange
60999907 Money order issuance
60999908 Representative foreign bank offices, ex. agents and branches
60999909 Safe deposit companies
60999910 Tax certificate sale and redemption agencies
60999911 Travelers' checks issuance
60999912 Automated teller machine (ATM) network
 

What are SIC Codes used for?

  • The Security and Exchange Commission (SEC) uses SIC codes when sorting company filings.
  • Companies that operate in a certain industry use a specific SIC code when filing with the SEC so that the type of business is properly identified.
  • Identifying government contracts by their SIC description.
  • To facilitate the collection, presentation, and analysis of data.
  • To promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies, and private organizations.

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Why are SIC Codes important?

  • Your SIC code is often asked for on various applications and forms.
  • SIC Codes organize industries utilizing a numerical system that defines a business according to its highest revenue source at a particular location.
  • SIC Codes allow the gathering and analysis of data quickly and efficiently.
  • By identifying your company’s SIC Code, eligibility for government contracts may be realized.
  • To identify competitors, public and private.

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How to Read a SIC Code ?

For Example :

Division 20-39 Manufacturing
Major Group 25 Furniture and Fixtures
Industry Group 25 Office Furniture
Industry 2521 Wood Office Furniture

The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry.

( Note: The digit "9" is used in the third or fourth digit position of the classification code to designate miscellaneous industries not elsewhere classified (NEC). These miscellaneous classifications are not comprised of homogeneous primary activity groups. They are grouped together and treated as a separate industry in order to retain the homogeneity of the other industries in the group. )