NAICS 551111
What is the NAICS code 551111?
The NAICS code 551111 is applied to those industries related to Offices of Bank Holding Companies.
This U.S. industry comprises legal entities known as bank holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold.
Therefore, all companies engaged in any industrial activity related to this type of business are grouped under category 551111 in the North American Industry Classification System.
This industrial activity of NAICS code is structured as follows:
- 55 - Management of Companies and Enterprises
- 551 - Management of Companies and Enterprises
- 5511 - Management of Companies and Enterprises
- 55111 - Management of Companies and Enterprises
- 551111 - Offices of Bank Holding Companies
Characteristics of the North American Industry Classification System code 551111
NAFTA
This code is only used in the North American Industry Classification System (NAICS). It´s to say, it is not used in the North American Free Trade Agreement (NAFTA): United States, Canada, and Mexico.
Related codes
The NAICS industry 551111 has the following cross-references:
- Holding the securities of (or other equity interests in) a company or enterprise and administering, overseeing, and managing establishments of the company or enterprise whose securities they hold are classified in U.S. Industry 551114, Corporate, Subsidiary, and Regional Managing Offices.
- Holding the securities of depository banks and operating these entities are classified in Industry Group 5221, Depository Credit Intermediation.
Related activities
Below are some of the most common types of activities in the Offices of Bank Holding Companies industry (NAICS Code 551111):
- Bank holding companies (except managing)
- Holding companies, bank (except managing)
- Offices of bank holding companies
