Archived - Standard Industrial Classification - Establishments (SIC-E) 1980

K - Finance and Insurance Industries

70 - Deposit Accepting Intermediary Industries

Establishments primarily engaged in accepting deposits, which are employed in financing their financial intermediary activities including banks, trust companies and credit unions.

704 - Deposit Accepting Mortgage Companies

Establishments operating under the Loan Companies Act or corresponding provincial legislation. They are primarily engaged in investing funds in mortgages secured by real estate. Included in this industry are co-operative mortgage establishments operating under the Co-operatives Act.

7041 - Deposit Accepting Mortgage Companies (ExceptCo-operatives)

Establishments operating under the Loan Companies Act or corresponding provincial legislation (except those operating under a Co-operative act). They can accept demand and term deposits. Under the Act, investments are restricted with the result that most funds are invested in mortgages secured by real estate. Included are the establishments known as savings certificate companies or investment certificate (contract) companies which operate under provincial legislation. They are also restricted as to type of investments permitted and their investments are primarily in mortgages.

7042 - Co-operative Mortgage Companies

Establishments operating under a co-operatives act whereby they raise funds from their members in the form of investment accounts (similar to non-chequing savings accounts). These funds are used primarily for mortgage loans to their members and for investment and corporate securities.