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
62 Security & Commodity Brokers, Dealers, Exchanges & Services
6211 Security Brokers and Dealers
621100 Security brokers and dealers
62110000 Security brokers and dealers
621101 Security brokers and dealers
62110100 Security brokers and dealers
62110101 Bond dealers and brokers
62110102 Brokers, security
62110103 Dealers, security
62110104 Floor traders, security
62110105 Note brokers
62110106 Stock brokers and dealers
62110107 Stock option dealers
62110108 Tax certificate dealers
62110109 Traders, security
621102 Flotation companies
62110200 Flotation companies
62110201 Distributors, security
62110202 Investment bankers
62110203 Investment certificate sales
62110204 Investment firm, general brokerage
62110205 Securities flotation companies
62110206 Syndicate shares (real estate, entertainment, equip.) sales
62110207 Underwriters, security
621103 Mineral, oil, and gas leasing and royalty dealers
62110300 Mineral, oil, and gas leasing and royalty dealers
62110301 Mineral leasing dealers
62110302 Mineral royalties dealers
62110303 Oil and gas lease brokers
62110304 Oil royalties dealers
621199 Security brokers and dealers, nec
62119901 Mortgages, buying and selling
62119902 Mutual funds, selling by independent salesperson
6221 Commodity Contracts Brokers, Dealers
622100 Commodity contracts brokers, dealers
62210000 Commodity contracts brokers, dealers
622199 Commodity contracts brokers, dealers, nec
62219901 Commodity brokers, contracts
62219902 Commodity dealers, contracts
62219903 Commodity traders, contracts
62219904 Futures brokers and dealers, commodity
6231 Security and Commodity Exchanges
623100 Security and commodity exchanges
62310000 Security and commodity exchanges
623199 Security and commodity exchanges, nec
62319901 Commodity contract exchanges
62319902 Futures exchanges, contract
62319903 Security exchanges
62319904 Stock exchanges
62319905 Stock option exchanges
6282 Investment Advice
628200 Investment advice
62820000 Investment advice
628299 Investment advice, nec
62829901 Futures advisory service
62829902 Investment advisory service
62829903 Investment counselors
62829904 Investment research
62829905 Manager of mutual funds, contract or fee basis
6289 Security and Commodity Service
628900 Security and commodity service
62890000 Security and commodity service
628901 Protective committees
62890100 Protective committees
62890101 Bondholders protective committee
62890102 Royalty owners protective associations
62890103 Security holders protective committee
628902 Security transfer agents
62890200 Security transfer agents
62890201 Security custodians
62890202 Stock transfer agents
628903 Security and commodity clearinghouses
62890300 Security and commodity clearinghouses
62890301 Exchange clearinghouses, commodity
62890302 Exchange clearinghouses, security
628999 Security and commodity services, nec, nec
62899901 Financial reporting
62899902 Stock quotation service
 

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. )