Other monetary intermediation

This class includes the receiving of deposits and/or close substitutes for deposits and extending of credit or other forms of lending funds. The granting of credit can take a variety of forms (for example, loans, mortgages, consumer credit cards, and so on). These activities are generally carried out by monetary institutions other than central banks, for example:

• banks
• savings banks
• credit cooperatives and unions

This class also includes:

• activities of postal banks (e.g. for giro (current) and savings accounts)
• credit granting by specialised deposit-taking institutions (e.g. for house purchases, agriculture)
• money order activities

This class excludes:

• credit granting by specialised non-depository institutions (e.g. for house purchases), see 64.92
• credit card transaction processing and settlement activities, see 66.19