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
67 Holding and Other Investment Offices
6712 Bank Holding Companies
671200 Bank holding companies
67120000 Bank holding companies
6719 Holding Companies, Nec
671900 Holding companies, nec
67190000 Holding companies, nec
671999 Holding companies, nec, nec
67199901 Investment holding companies, except banks
67199902 Personal holding companies, except banks
67199903 Public utility holding companies
6722 Management Investment, Open-ended
672200 Management investment, open-end
67220000 Management investment, open-end
672299 Management investment, open-end, nec
67229901 Money market mutual funds
67229902 Mutual fund sales, on own account
67229903 Managed investments including trusts,pension & mutual funds,nec
6726 Investment Offices, Nec
672600 Investment offices, nec
67260000 Investment offices, nec
672699 Investment offices, nec, nec
67269901 Face amount certificate issuing
67269902 Face amount installment certificate issuing
67269903 Government National Mortgage Association (GNMA) pools
67269904 Investors syndicates
67269905 Management investment funds, closed-end
67269906 Unit investment trusts
6732 Trusts: Educational, Religious, Etc.
673200 Trusts: educational, religious, etc.
67320000 Trusts: educational, religious, etc.
673299 Trusts: educational, religious, etc., nec
67329901 Charitable trust management
67329902 Educational trust management
67329903 Religious trust management
6733 Trusts, Nec
673300 Trusts, nec
67330000 Trusts, nec
673301 Private estate, personal investment and vacation fund trusts
67330100 Private estate, personal investment and vacation fund trusts
67330101 Administrator of private estates, nonoperating
67330102 Personal investment trust management
67330103 Vacation funds for employees
673399 Trusts, nec, nec
67339901 Trusts, except educational, religious, charity: management
6792 Oil Royalty Traders
679200 Oil royalty traders
67920000 Oil royalty traders
679299 Oil royalty traders, nec
67929901 Oil leases, buying and selling on own account
6794 Patent Owners and Lessors
679400 Patent owners and lessors
67940000 Patent owners and lessors
679401 Music licensing and royalties
67940100 Music licensing and royalties
67940101 Music licensing to radio stations
67940102 Music royalties, sheet and record
67940103 Performance rights, publishing and licensing
679499 Patent owners and lessors, nec
67949901 Copyright buying and licensing
67949902 Franchises, selling or licensing
67949903 Patent buying, licensing, leasing
6798 Real Estate Investment Trusts
679800 Real estate investment trusts
67980000 Real estate investment trusts
679899 Real estate investment trusts, nec
67989901 Mortgage investment trusts
67989902 Realty investment trusts
6799 Investors, Nec
679900 Investors, nec
67990000 Investors, nec
679901 Commodity investors
67990100 Commodity investors
67990101 Commodity contract pool operators
67990102 Commodity contract trading companies
679999 Investors, nec, nec
67999901 Investment clubs
67999902 Security speculators for own account
67999903 Tax liens: holding, buying and selling
67999904 Venture capital companies
67999905 Real estate investors, except property operators
 

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. )