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Class 6419 - Other monetary intermediation

PSIC Class 6419 covers Other monetary intermediation. Current child subclasses include Expanded Commercial Banking (universal Banking), Regular Commercial Banking, and Savings and Mortgage Banking. This four-digit layer...

Level Class
Hierarchy depth 4/5
Children 9
Last verified 2026-05-12
About this level

Practical summary

Class 6419 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 64 Financial Service Activities, except Insurance and Pension Funding > 641 Monetary intermediation. This class usually fans out into more specific subclasses such as Expanded Commercial Banking (universal Banking), Regular Commercial Banking, and Savings and Mortgage Banking. It is the level people use when they already know the activity family but still need the exact five-digit match.

Administrative context

Where this code is used

This class is used when a business can already narrow the activity family and only needs to compare the final subclasses such as Expanded Commercial Banking (universal Banking), Regular Commercial Banking, and Savings and Mortgage Banking. It is the level most often checked before a five-digit decision is finalized.

Selection note

How to choose it

Use this class to choose between its final subclasses such as Expanded Commercial Banking (universal Banking), Regular Commercial Banking, and Savings and Mortgage Banking. If two options look close, compare the exact activity, the outputs and the way the business actually earns revenue.

Official note

Source-backed description

This class includes the receiving of deposits and/or close substitutes for deposits and extending of credit or lending funds. The granting of credit can take a variety of forms, such as loans, mortgages, credit cards etc. These activities are generally carried out by monetary institutions other than central banks, such as: banks; savings banks; and credit unions. This class also includes postal giro and postal savings bank activities; credit granting for house purchase by specialized deposits-taking institutions. This class excludes: Credit granting for house purchase by specialized non-depository institutions, see 6492; Credit card transaction processing and settlement activities, see 6619. Banking, n.e.c.

FAQ

What does PSIC Class 6419 cover?

PSIC Class 6419 is the four-digit layer that sits just above the final subclasses and usually defines the activity family for Other monetary intermediation.

How do I compare Class 6419 with the sibling classes?

Read the neighboring classes and compare the exact wording of the child subclasses. Nearby options include 6411 Central banking.

Why does Class 6419 matter for a filing decision?

It is usually the last broad checkpoint before the five-digit subclass choice, so it is the right place to catch near-miss classifications.