1992 CENSUS OF FINANCIAL, INSURANCE, AND REAL ESTATE INDUSTRIES Introduction =>GENERAL The 1992 Census of Financial, Insurance, and Real Estate (FIRE) Industries, part of the 1992 Economic Census, covered financial, insurance, and real estate industries as defined in Division H of the Standard Industrial Classification Manual: 1987 (SIC) Data are presented for establishments in the following classifications: SIC Code Title 60 Depository Institutions 61 Nondepository Credit Institutions 62 Security and Commodity Brokers, Dealers, Exchanges, and Services 63 Insurance Carriers 64 Insurance Agents, Brokers, and Service 65 Real Estate 67 Holding and Other Investment Offices This report includes only establishments with payroll. Government-affiliated establishments in the covered industries are excluded from this report, with the exception of depository institutions under conservatorship of a governmental organization, central reserve institutions, and federally- sponsored credit agencies. For firms classified as commercial banks, savings institutions, and credit unions (SIC's 602, 603, and 606); and life insurance carriers, accident and health and medical service plans, fire, marine, and casualty, and surety insurance carriers (SIC's 631, 632, 633 and 635), the basic tabulations in this report include establishments which are auxiliary (primary function is providing a service, such as an administrative office) to other establishments within the same organization. For firms classified in all other industries covered by this report, the basic tabulations do not include data for auxiliary establishments. Data for these auxiliaries are presented in a subsequent report issued as part of the 1992 Enterprise Statistics reports. For the 1992 Census of Financial, Insurance, and Real Estate Industries, large- and medium-size firms, plus all firms known to operate more than one establishment, were sent questionnaires to be completed and returned to the Census Bureau by mail. For selected very small firms, including those with no paid employees, data from existing administrative records of other Federal agencies were used instead. These records provided basic information on location, kind of business, revenue, payroll, number of employees, and legal form of organization. In addition, more detailed information for selected kinds of business was obtained on the various questionnaires. =>ESTABLISHMENT AND FIRM SIZE This report represents a recompilation of data collected in the 1992 Census of Financial, Insurance, and Real Estate Industries and is divided into three categories: size of establishment, size of firm and legal form of organization. Size of establishment Only establishments which operate the entire year have been classified into the various size groups used in the establishment size tables (tables 1 and 2). An establishment is classified "operated entire year" if it operated 10 months or more during the year. Data for establishments which reported that they were in operation fewer than 10 months are separately summarized as "not operated entire year." Revenue size. Data in table 1 are classified into revenue size groups depending on the value of revenue reported for the year 1992. Employment size. Data in table 2 are classified into employment size groups depending on the number of employees on the payroll during the pay period including March 12, 1992. Proprietors, partners, and unpaid family workers were not regarded as employees in determining the employment size of an establishment. Size of firm A firm may be either a single establishment (single unit) firm or a multiestablishment (multiunit) firm. Firm size groups are based on aggregate data for all establishments operated by the same firm in the kind-of-business classification, group, or total for which data are presented. For example, a firm operates two real estate establishments: it owns and leases out a shopping center property (SIC 6512), and also manages a shopping center on contract for others (SIC 6531). At each of the two most detailed levels of classification, each of the establishments is a single unit operated by a multiunit firm. At the real estate major group level (SIC 65), the two establishments comprise a two- establishment multiunit. In tables 3 through 6, data are presented based on revenue size of firm, employment size of firm, concentration by largest firms, as well as for single unit and multiunit firms (by number of establishments operated). In tables 4 and 5, only firms which operated the entire year are classified into the various size groups. A firm is considered to have "operated entire year" if any of its establishments at that SIC level operated 10 months or more during the year. Data for firms which reported that none of their establishments operated 10 months or more are separately summarized as "not operated entire year." Single unit and multiunit firms. Data in table 3 are classified into firm size groups based on the number of establishments operated. A single unit firm is a firm with only one establishment engaged in economic activities. A multiunit (multiestablishment) firm is a firm with two establishments or more engaged in economic activities. A multiestablishment firm may, however, operate only one establishment classified in financial, insurance, and real estate industries. Revenue size. Data in table 4 are classified into revenue size groups depending on the value of revenue reported for 1992. Employment size. Data in table 5 are classified into employment size groups depending on the number of employees on the payroll during the pay period including March 12, 1992. Proprietors, partners, and unpaid family workers were not regarded as employees in determining the employment size of a firm. Concentration of largest firms. Data in table 6 are presented separately for the 4, 8, 20, and 50 largest firms based on total revenue. Legal form of organization Data in table 7 are presented for firms by legal form of organization for four separate categories. =>CENSUS DISCLOSURE RULES In accordance with Federal law governing census reports, no data are published that would disclose the operations of an individual establishment or business. However, the number of establishments in a kind-of-business classification is not considered a disclosure, so this information may be released even though other information is withheld. =>GEOGRAPHIC AREAS COVERED This report presents data for the following area: The United States as a whole. =>DOLLAR VALUES All dollar values presented in this report are expressed in current dollars, i.e., 1992 data are expressed in 1992 dollars. Consequently, when making comparisons to prior years, users of the data should consider the inflation that has occurred. =>RELIABILITY OF DATA All data compiled in this report originated from either census questionnaires or administrative records of other Federal agencies and, therefore, are not subject to sampling errors. However, the data are subject to nonsampling errors. Nonsampling errors can be attributed to many sources: inability to identify all cases in the actual universe; definition and classification difficulties; differences in the interpretation of questions; errors in recording or coding the data obtained; and other errors of collection, response, coverage, processing, and estimation for missing or misreported data. The accuracy of these tabulated data is determined by the joint effects of the various nonsampling errors. No direct measurement of these effects has been obtained except for estimation for missing or misreported data; however, precautionary steps were taken in all phases of the collection, processing, and tabulation of the data in an effort to minimize the effects of nonsampling errors. The Bureau of the Census obtains on computer tape limited information extracted from administrative records of other Federal agencies. This information is used in conjunction with other information available to the Census Bureau to develop estimates for nonemployers, small employers, and other establishments for which responses were not received in time for publication. =>SPECIAL TABULATIONS Special tabulations of data collected in the 1992 Census of Financial, Insurance, and Real Estate Industries may be obtained, depending on availability of time and personnel, on diskette, computer tape, or in tabular form. The data will be in summary form and subject to the same rules prohibiting disclosure of confidential information (including name, address, kind of business, or other data for individual business establishments or companies) as are the regular publications. Special tabulations are prepared on a cost basis. A request for a cost estimate, as well as exact specifications on the type and format of the data to be provided, should be directed to the Chief, Services Division, Bureau of the Census, Washington, DC 20233. To discuss a special tabulation before submitting specifications, call 1-800-541-8345.