Direct Transactions of U.S. Reporter With Foreign Affiliate

BE-577 INSTRUCTIONS

U.S. DEPARTMENT OF COMMERCE

(REV. 1/2007)

BUREAU OF ECONOMIC ANALYSIS

DIRECT TRANSACTIONS OF U.S. REPORTER WITH FOREIGN AFFILIATE
Purpose – Reports on this form are required in order to provide
reliable and up-to-date information on U.S. direct investment
abroad for inclusion in the U.S. international transactions and the
national income and product accounts.
Authority – This survey is being conducted under the
International Investment and Trade in Services Survey Act
(P.L.94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108 as amended) –
hereinafter "the Act", and the filing of reports is mandatory under
Section 5(b) (2) of the Act (22 U.S.C. 3104). The implementing
regulations are contained in Title 15, CFR, Part 806.
This report has been approved by the Office of Management and
Budget under the Paperwork Reduction Act (44 U.S.C. 3501, et seq.).
Penalties – Whoever fails to report may be subject to a civil
penalty of not less than $2,500, and not more than $25,000, and to
injunctive relief commanding such person to comply, or both.
Whoever willfully fails to report shall be fined not more than
$10,000 and, if an individual, may be imprisoned for not more
than one year, or both. Any officer, director, employee, or agent
of any corporation who knowingly participates in such violation,
upon conviction, may be punished by a like fine, imprisonment, or
both. (22 U.S.C. 3105.) Civil penalties are subject to inflationary
adustments. Those adjustments are found in 15 CFR 6.4.
Not withstanding any other provision of the law, no person is
required to respond to, nor shall any person be subject to a
penalty for failure to comply with, a collection of information
subject to the requirements of the Paperwork Reduction Act,
unless that collection of information displays a currently valid
OMB Control Number.
Confidentiality – The Act provides that your report is
CONFIDENTIAL and may be used only for analytical or statistical
purposes. Without your prior written permission, the information
filled in your report CANNOT be presented in a manner that
allows it to be individually identified. Your report CANNOT be
used for purposes of taxation, investigation, or regulation. Copies
retained in your files are immune from legal process.
Assistance – For assistance, telephone 202 606–5557 between
8:00 a.m. and 4:30 p.m., Eastern time, fax 202 606–5305, or e-mail
[email protected].
DEFINITIONS
United States, when used in a geographic sense, means the
several States, the District of Columbia, the Commonwealth of
Puerto Rico, and all territories and possessions of the United States.
Foreign, when used in a geographic sense, means that which is
situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
Person means any individual, branch, partnership, associated
group, association, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and any
government (including a foreign government, the United States
Government, a State or local government), and any agency,
corporation, financial institution, or other entity or instrumentality
thereof, including a government-sponsored agency.

Banking covers business enterprises engaged in deposit banking
or closely related functions, including commercial banks, Edge Act
corporations, foreign branches and agencies of U.S. banks
whether or not they accept deposits abroad, savings and loans,
savings banks, bank holding companies, and financial holding
companies under the Gramm-Leach-Bliley Act.
Lease is an arrangement conveying the right to use property,
plant, or equipment (i.e., land and/or depreciable assets), usually
for a stated period of time.
1. Capital lease – A long-term lease under which a sale of the
asset is recognized at the inception of the lease. These may be
shown as lease contracts or accounts receivable on the lessor’s
books. The asset would not be considered to be owned by the
lessor.
2. Operating lease – Generally a lease with a term which is less
than the useful life of the asset and in which a transfer of
ownership is not contemplated.
GENERAL INSTRUCTIONS
Report currency amounts in U.S. dollars rounded to thousands.
If an amount is between + or – $500.00, enter "0". Use parentheses
to indicate negative numbers.
Base data on the books of the U.S. Reporter except for
items 11–14, 30–38 which should be based on the books of
the foreign affiliate.
Estimates – Reasonable estimates may be used in order to file a
timely report when data are not available from customary
accounting records or precise data could not be obtained without
undue burden. Estimates should be labeled as such.
Revisions – File revisions to any prior period data either by letter
if the revisions are minimal, or by noting changes on a file copy of
the previously completed form, or by completing a revised form
in its entirety and refiling it.
REPORTING REQUIREMENTS
Who must report – A Form BE-577 is required from every U.S.
person that had direct transactions or positions with a foreign
business enterprise in which it had a direct and/or indirect
ownership interest of at least 10 percent of the voting stock if an
incorporated business enterprise or an equivalent interest if an
unincorporated business enterprise at any time during the
reporting period, except as exempted below. Reports are required
even though a foreign affiliate may have been established,
acquired, seized, liquidated, expropriated, sold, or inactivated
during the reporting period.
Coverage – All transactions or positions with the foreign affiliate
by all U.S. domestic subsidiaries, divisions, etc., which constitute
the U.S. Reporter, as defined, must be combined on one Form
BE-577.
Basic requirement – A Form BE-577 must be filed for each
foreign affiliate for which any one of the following three items
was greater than $40 million (positive or negative):
1. Total assets,

U.S. person means any person resident in the United States or
subject to the jurisdiction of the United States.

2. Annual sales or gross operating revenues, excluding sales
taxes, or

Direct investment means the ownership or control, directly or
indirectly, by one person of 10 per centum or more of the voting
securities of an incorporated foreign business enterprise or an
equivalent interest in an unincorporated foreign business
enterprise, including a branch.

3. Annual net income after provision for foreign income taxes.

Affiliate means a business enterprise located in one country
which is directly or indirectly owned or controlled by a person of
another country to the extent of 10 per centum or more of its
voting securities for an incorporated business or an equivalent
interest for an unincorporated business enterprise, including a
branch.
Foreign affiliate means an affiliate located outside the United
States in which a U.S. person has direct investment.
U.S. Reporter means the U.S. person which has direct
investment in a foreign business enterprise, including a branch. If
the U.S. person is an incorporated business enterprise, the U.S.
Reporter is the fully consolidated U.S. domestic enterprise, which
is defined as: (1) the U.S. corporation whose voting securities are
not owned more than 50 percent by another U.S. corporation, and
(2) proceeding down each ownership chain from that U.S.
corporation, any U.S. corporation whose voting securities are
more than 50 percent owned by the U.S. corporation above it.
This consolidation excludes foreign branches and all other foreign
affiliates.

Other requirements – An indirectly owned foreign affiliate is not
required to be reported unless an intercompany debt balance with
the U.S. Reporter (item 19 or 20) exceeds $1 million. Complete the
Certificate of Exemption on the reverse side of Form BE-577.
An inactive foreign affiliate is not required to be reported except
in the reporting period in which it becomes active or inactive.
Complete item 9 to indicate an affiliate’s inactive status.
Quarterly reports for a year may be required retroactively when it
is determined that the exemption level has been exceeded. If a
foreign affiliate’s total assets, sales, or net income (loss) exceed
the exemption level in a given year, it is deemed that the
exemption level will also be exceeded in the following year. A
U.S. Reporter claiming exemption from filing a given report must
complete the Certificate of Exemption, giving the levels of these
three items.
Rules for consolidation of foreign affiliate – The following
rules should be used in determining which foreign business
enterprises may be consolidated into one foreign affiliate:
1. FOREIGN BUSINESS ENTERPRISES LOCATED IN
DIFFERENT COUNTRIES MAY NOT, UNDER ANY
CIRCUMSTANCES, BE CONSOLIDATED;

Item 8 – Industry classification refers to the 4-digit International
Surveys Industry (ISI) codes shown on pages 4–5 of these
instructions.

2. Foreign business enterprises located in the same country that
are integral parts of the same business operation may be
consolidated into one affiliate (example: German enterprise A
manufactures automobile engines and a majority of its sales are
to German enterprise B which produces complete automobiles);

Item 10 – If this affiliate is not directly owned by the U.S.
Reporter, enter the affiliate ID (or, if unavailable, the name) of the
foreign affiliate in this affiliate’s ownership chain that is directly
owned by the U.S. Reporter. For example, if the U.S. Reporter
directly owns foreign affiliate A, which, in turn, owns foreign
affiliate B, which, in turn, owns foreign affiliate C, affiliate A’s ID
should appear in this item on the forms for both affiliate B and
affiliate C. For affiliates that are both directly and indirectly owned
by the U.S. Reporter, do not complete this item; for such affiliates,
the amounts reported in Parts I, IV, and V must be based upon the
U.S. Reporter’s direct equity interest only. Amounts reported in
Parts II and III should reflect direct transactions, irrespective of
direct or indirect ownership.

3. Foreign business enterprises located in the same country and in
the same 4-digit International Surveys Industry (ISI)
classification, shown in the Summary of Industry Classifications
on pages 4–5 of these instructions, may be consolidated; and
4. Foreign bank branches of the U.S. Reporter that are located in
the same country must be consolidated on one Form BE-577,
even if it is the U.S. Reporter’s practice to report data for these
branches separately to the Federal Reserve (on Form FFIEC 030)
or to the Comptroller of the Currency. Incorporated foreign bank
affiliates of the U.S. Reporter located in the same country may
be consolidated.

Item 11 – Net income in this item should be reported on a
quarterly basis, not on a cumulative or year-to-date basis.

NOTE – An affiliate’s level of consolidation, name, country
of operation, or industry may be changed on Form BE-577
provided that this is done consistently thereafter on all of
BEA’s direct investment surveys (BE-577, BE-10, and BE-11), and
provided the change is consistent with BEA’s reporting rules.

The amount entered should represent the U.S. Reporter’s equity,
based on its directly held equity interest in the foreign affiliate’s
net income (loss) for the quarter, before provision for common or
preferred dividends and before any reduction for foreign
withholding taxes on dividends, but after provision for other
foreign income taxes. In calculating net income, do not eliminate
intercompany transactions. Include certain foreign currency gains
(losses) in net income in accordance with FAS 52 or other
currently applicable standard of the Financial Accounting
Standards Board. Do not include foreign currency translation
adjustments in net income; report such amounts in item 14.

SPECIAL INSTRUCTIONS
Derivatives Contracts – Do not report either the value of
outstanding financial derivatives contracts or any payments or
receipts resulting from the settlement of those contracts. For
example, the settlements of interest rate derivatives should not be
reported as interest or as another type of transaction on this form.
Derivatives contracts are covered by the Treasury International
Capital (TIC) Form D–Report Of Holdings Of, And Transactions In,
Financial Derivatives Contracts With Foreign Residents.

Net income should include, on an equity basis, the foreign
affiliate’s share in the net income of unconsolidated
foreign enterprises owned by it.
If this report is for the U.S. Reporter’s direct transactions or
accounts with a foreign affiliate in which it does not hold a direct
equity interest, the U.S. Reporter’s share in net income should be
zero. If the U.S. Reporter holds both a direct and indirect equity
interest, only the share representing the direct equity interest
should be given in this item.

U.S. Reporters that cannot distinguish between equity and
debt investment in their unincorporated foreign affiliates: if
your accounting records do not distinguish between
intercompany debt (items 19 and 20) and equity (item 38), then:
1. Compute the net change in the home office account. (This
equals: End-of-quarter home office account minus
beginning-of-quarter home office account.)

Items 12 and 13 – In item 12, enter the U.S. Reporter’s share
of gains (losses) that are included in net income, item 11.
Include gains (losses), after provision for foreign income
taxes, resulting from:

2. Subtract net income (item 11), certain realized and
unrealized gains (losses) taken directly to other
comprehensive income or owner’s equity (item 13), and the
quarterly translation adjustment (item 14).

• Sales or other dispositions of financial assets, including
investment securities; FAS 115 holding gains (losses) on
securities classified as trading securities; and FAS 115
impairment losses. (Dealers in financial instruments
(including securities, currencies, derivatives, and other
financial instruments) and finance and insurance companies,
see instructions below.)

3. If the amount computed above is positive, show it as an
increase in equity (item 22). If the amount computed in 2. is
negative, show it as a remittance of earnings (items 15 and
17) to the extent that there is quarterly net income; show the
residual, if any, as a decrease in equity (item 25). Items 19
and 20 should be blank.

• Sales or other dispositions of land, other property, plant and
equipment, or other assets (other than from the sale of
inventory assets in the ordinary course of business), and
FAS 144 impairment losses. (Real estate companies, see
instructions below.)

Foreign banking affiliates of U.S. Reporters that are also
banks – For foreign banking affiliates of U.S. Reporters that are
also banks, include in item 19 debt that is considered to be BOTH
(a) permanently invested by the U.S. Reporter, and (b) positively
identified as being used for nonbanking-type activities (e.g., debt
used to acquire buildings, equipment, and other fixed assets).
Exclude non-permanent debt such as ordinary bank loans or
deposits. Also exclude demand and overnight accounts, debt used
to fund investment activities, and debt for which the proceeds are
used to meet regulatory and/or capital requirements.

• Goodwill impairment as defined by FAS 142.
• Restructuring costs that reflect write-downs or write-offs of
assets and liabilities. (Exclude actual payments and charges
to establish reserves for future expected payments, such as
for severance pay, and fees to accountants, lawyers,
consultants, or other contractors.)

Any interest receipts entered in item 18 should relate only to this
debt.

• Disposals of discontinued operations. (Exclude income from
the operations of a discontinued segment.)

Item 20 should be blank.

• Re-measurement of foreign affiliate’s foreign-currencydenominated assets and liabilities due to changes in foreign
exchange rates during the quarter.

ADDITIONAL INSTRUCTIONS
Item 1 – Mark with an "X" if a prior report was filed and this is a
replacement for that report. A revised report must be completed
in its entirety.

• Extraordinary, unusual, or infrequently occurring items that
are material, including uninsured losses from accidental
damage or disasters and other material items, including
writeups, write-downs, and write-offs of tangible and
intangible assets and gains (losses) from the sales or other
dispositions of capital assets. (Exclude insured losses and
legal judgments.)

Item 3 – Reflects the name of the U.S. company not owned to the
extent of more than 50% of its voting stock by another U.S.
corporation. Use the same name on all reports filed subsequently
by this U.S. Reporter with the Bureau of Economic Analysis, i.e.,
Forms BE-577, BE-10, and BE-11.

• The cumulative effect of a change in accounting principle.

Item 5 – Enter the name of the foreign affiliate. Use the same name
on all reports filed subsequently for this affiliate with the Bureau of
Economic Analysis, i.e., Forms BE-577, BE-10, and BE-11.

• Change in accounting estimate of provision for expected
stock option forfeitures under the inception method as
defined by FAS 123.

Item 6 – Country of location does not refer to the country of
incorporation but, rather, to the country where the affiliate’s
physical assets are located or where its primary activity is carried
out.

In item 13, enter the U.S. Reporter’s share of gains (losses)
not included in net income of the foreign affiliate but,
instead taken to other comprehensive income or to another
equity account, such as certain changes in the valuation of
financial instruments per FAS 115, after provision for foreign
income taxes. Do not include foreign currency translation
adjustments, which should be entered in item 14.

Item 7 – Country of location refers to the country named in
item 6.

BE-577 INSTRUCTIONS (REV. 1/2007)

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Certain realized and unrealized gains (losses) for dealers in
financial instruments and finance, insurance, and real
estate companies.

Items 21–26 – Report the consideration paid, received, or owed
for increases or decreases in the U.S. Reporter’s equity capital
investment during the quarter. For investments that are written
off, enter zero in items 24–26 (include the amount written off in
item 27 or 28 as appropriate); if an account receivable due to the
U.S. Reporter from the affiliate is also written off, report the
amount of the receivable in item 22 as a capital contribution (and
include in the computation of item 27 or 28 as appropriate).

1. Dealers in financial instruments (including securities,
currencies, derivatives, and other financial
instruments) and finance and insurance companies –
Include in item 12 (1) impairment losses as defined by
FAS 115, (2) realized gains or losses on trading or dealing,
and (3) unrealized gains or losses due to changes in the
valuation of financial instruments that flow through the
income statement, and, goodwill impairment as defined by
FAS 142. Include unrealized gains or losses due to changes
in the valuation of financial instruments that are taken
directly to other comprehensive income in item 13. Include
income from explicit fees and commissions in item 11.

For an affiliate that is sold, report the sale price in item 24 or 26,
as appropriate. Include foreign income taxes, if any, on gains (and
tax refunds on losses) in the calculation of these items. Report the
end-of-quarter intercompany debt position for the affiliate
(column (2) of items 19 and 20) as zero; to the extent that debt
positions still exist, they are between a U.S. person and an
unaffiliated foreign person, and may be reportable on the
Department of the Treasury International Capital report forms.

2. Real estate companies
For a newly established or acquired affiliate, report what the U.S.
Reporter paid to establish or acquire the affiliate in item 21 or 23,
as appropriate; do not report the book value of the equity interest
in the affiliate, if different in these items. (For directly owned
affiliates only, report book value in items 33–38.)

Report gains or losses from the sale, disposition, or
revaluation of land, other property, plant and equipment, or
other assets as follows:
Realized gains and losses
Include gains or losses from the sale of real estate in the
ordinary course of trade or business in net income, item 11;
DO NOT include these gains and losses in items 12 or 13.

For affiliates that are entirely indirectly owned, items 21–26 should
be blank; equity transactions between a directly owned foreign
affiliate and foreign affiliates that it, in turn, owns, are not
reportable on this form.

Impairment of long-lived assets
Include impairment losses, as defined by FAS 121, and
recognized during the period, in net income, item 11 and in
item 12.

Items 27 and 28 – If the book value of the U.S. Reporter’s equity
investment changed by more or less than the value of the
consideration paid, received, or owed, enter the amount of the
difference in the appropriate box. For example, if the book value
of an affiliate was $10 million and the affiliate was sold for $11
million, enter $1 million in column (2) of item 27. Report the
amount gross of U.S. income taxes, if any.

Unrealized gains
Include gains recognized due to the revaluation of real estate
assets in item 12.
Item 14 – Report foreign currency translation adjustments
resulting from the translation of the foreign affiliate’s financial
statements from the affiliate’s functional currency into U.S.
dollars. Such adjustments should be computed in accordance with
FAS 52 or other currently applicable standard of the Financial
Accounting Standards Board. Report translation adjustments on a
quarterly basis, not on a cumulative or year-to-date basis.

Items 30–38 – For directly owned affiliates only, report these
items once a year, but no later than the second report following
the end of the fiscal year. Also, complete these items on the initial
report for a directly owned affiliate. In item 32, report annual net
income calculated on the same basis used for calculating
quarterly net income, item 11. Include the cumulative translation
adjustment in item 36 or 38 as appropriate. Retained earnings of
unconsolidated indirectly owned affiliates should be included on
the report of the directly owned foreign affiliate parent in item 35
or 38 as appropriate, on an equity basis.

Items 15–18 – Amounts should be entered as of the date they
were either received from (paid to), or entered into intercompany
accounts with, the foreign affiliate, whichever occurred first. Do
not report a foreign affiliate’s receipt of dividend income in item
15. This should be included in item 11, Quarterly net income (loss)
after provision for foreign income taxes. Include amounts for
which payment was made in kind. For an item entered into
intercompany account (item 19 or 20) in this or previous periods,
in order to avoid duplication, any subsequent settlement of the
account should not be reflected again in one of these items but
should be reflected only as a reduction in intercompany account.

FILING FORM BE-577
Due date – Form BE-577 is a quarterly report. A single copy of
each report should be filed within 30 days after the close of each
fiscal quarter, except for the final quarter of the fiscal year, when
reports should be filed within 45 days. Requests for extension of
the filing date, additional forms, or clarification of the reporting
requirements should be directed to the appropriate address
below.

Items 19 and 20 – Include all intercompany accounts or
indebtedness of the foreign affiliate with the U.S. Reporter
whether current or long-term. The current quarter’s opening
balance should be equal to the preceding quarter’s closing
balance; therefore, if it is necessary to translate the balance into
U.S. dollars, use the same exchange rate to translate the opening
balance for the current quarter as was used to translate the
closing balance of the preceding quarter. If the closing balance on
the preceding quarter’s report was in error, note the correction.
Entries in items 19 and 20 should be consistent with entries in
items 17–18 insofar as they reflect the latter entries. (For example,
dividends shown in item 17 and not received by the U.S. Reporter
in the current quarter should be included in item 19.)

Electronic Filing – BEA offers an electronic filing option, its
Automated Survey Transmission and Retrieval (ASTAR) system,
for use in reporting on Form BE-577 as an alternative to using
paper forms. See our web site at www.bea.gov/astar.
Where to send the report – For filing by mail through the U.S.
Postal Service send reports to: U.S. Department of Commerce,
Bureau of Economic Analysis, BE-69(Q), Washington, DC 20230.
For filing by overnight delivery, send reports to: U.S. Department
of Commerce, Bureau of Economic Analysis, BE-69(Q), Shipping
and Receiving Section M-100, 1441 L Street, NW, Washington, DC
20005.

If leases between the U.S. Reporter and the foreign affiliate are
capitalized in accordance with FAS 13, the outstanding capitalized
value should be shown here as an intercompany balance. Lease
payments should be disaggregated into the amount that is a. a
reduction in the intercompany balance, which should be reflected
in either item 19 or 20, and b. interest, which should be entered in
item 18.

For filing by fax: 202–606–5305
Number of copies – File a single copy of the report with BEA.
You should retain a copy of your report to facilitate resolution of
problems. These copies should be retained for at least 3 years
beyond the report’s original due date.

For operating leases of equipment for more than one year that
have not been capitalized, include the net book value (original
cost less accumulated depreciation). (Operating leases of one year
or less should not be entered here.) Lease payments should be
disaggregated into a. the return of capital, consisting of principal
payments for capital leases and the depreciation component for
operating leases, which should be reflected as a reduction in one
of these items, and b. interest for capital leases, which should be
included in item 18.
Do not net items 19 and 20.

BE-577 INSTRUCTIONS (REV. 1/2007)

Page 3

WORKSHEET FOR DETERMINING ISI CODE OF FOREIGN AFFILIATE
For purposes of determining an affiliate’s 4-digit ISI code, use the following worksheet and
Summary of Industry Classifications.
1. Identify major activity of foreign affiliate. Mark (X) one item below:
Select the one activity below that best describes the major activity of the foreign affiliate.
For an inactive affiliate, select the activity based on its last active period; for "start-ups,"
select the intended activity.
Producer of goods
Seller of goods the foreign affiliate does not produce
Producer or distributor of information

Provider of services
Other – Specify

2. Based on the major activity identified in item 1, select the appropriate 4-digit ISI code and enter on Form BE-577,
item 6. If the foreign affiliate has sales in more than one ISI code, select the single ISI code representing the highest
percentage of annual sales and enter on Form BE-577, item 8.
For "startups" with no sales, show the intended activity(ies). Holding companies should compute percent of total
income. A holding company’s equity in the net income of affiliates that it holds must constitute a majority of its total
income and, in general, it must have a sizeable portion (usually, at least 50%) of its total assets invested in affiliates
that it holds. ISI code 5512, holding companies, is an invalid classification when the foreign affiliate being reported
generates, or is expected to generate, more than 50 percent of its total income from other activities.
3. For additional information on industry classifications, see BE-799, Guide to Industry and Foreign Trade Classifications
for International Surveys, 2002.

SUMMARY OF INDUSTRY CLASSIFICATIONS
AGRICULTURE, FORESTRY,
FISHING, AND HUNTING
1110
1120
1130
1140
1150

Crop production
Animal production
Forestry and logging
Fishing, hunting, and trapping
Support activities for agriculture
and forestry

MINING
2111
2121
2123
2124
2125
2126
2127
2132

Oil and gas extraction
Coal
Nonmetallic minerals
Iron ores
Gold and silver ores
Copper, nickel, lead, and zinc ores
Other metal ores
Support activities for oil and gas
operations
2133 Support activities for mining,
except for oil and gas
operations
UTILITIES
2211 Electric power generation,
transmission, and distribution
2212 Natural gas distribution
2213 Water, sewage, and other systems
CONSTRUCTION
2360 Construction of buildings
2370 Heavy and civil engineering
construction
2380 Specialty trade contractors
MANUFACTURING
3111
3112
3113
3114
3115
3116
3117
3118
3119
3121
3122
3130
3140
3150
3160
3210
3221
3222
3231
3242
3243

Animal foods
Grain and oilseed milling
Sugar and confectionery products
Fruit and vegetable preserving
and specialty foods
Dairy products
Meat products
Seafood product preparation and
packaging
Bakeries and tortillas
Other food products
Beverages
Tobacco
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Pulp, paper, and paperboard mills
Converted paper products
Printing and related support
activities
Integrated petroleum refining
and extraction
Petroleum refining without
extraction

FORM BE-577(I) (REV. 1/2007)

3244 Asphalt and other petroleum
and coal products
3251 Basic chemicals
3252 Resins, synthetic rubbers, and
artificial and synthetic fibers
and filaments
3253 Pesticides, fertilizers, and other
agricultural chemicals
3254 Pharmaceuticals and medicines
3255 Paints, coatings, and adhesives
3256 Soap, cleaning compounds, and
toilet preparations
3259 Other chemical products and
preparations
3261 Plastics products
3262 Rubber products
3271 Clay products and refractories
3272 Glass and glass products
3273 Cement and concrete products
3274 Lime and gypsum products
3279 Other nonmetallic mineral
products
3311 Iron and steel mills and
ferroalloys
3312 Steel products from purchased
steel
3313 Alumina and aluminum
production and processing
3314 Nonferrous metal (except
aluminum) production and
processing
3315 Foundries
3321 Forging and stamping
3322 Cutlery and handtools
3323 Architectural and structural metals
3324 Boilers, tanks, and shipping
containers
3325 Hardware
3326 Spring and wire products
3327 Machine shops; turned products;
and screws, nuts, and bolts
3328 Coating, engraving, heat treating,
and allied activities
3329 Other fabricated metal products
3331 Agriculture, construction, and
mining machinery
3332 Industrial machinery
3333 Commercial and service industry
machinery
3334 Ventilation, heating, airconditioning, and commercial
refrigeration equipment
3335 Metalworking machinery
3336 Engines, turbines, and power
transmission equipment
3339 Other general purpose machinery
3341 Computer and peripheral
equipment
3342 Communications equipment
3343 Audio and video equipment
3344 Semiconductors and other
electronic components
3345 Navigational, measuring,
electromedical, and control
instruments
Page 4

3346 Manufacturing and reproducing
magnetic and optical media
3351 Electric lighting equipment
3352 Household appliances
3353 Electrical equipment
3359 Other electrical equipment and
components
3361 Motor vehicles
3362 Motor vehicle bodies and trailers
3363 Motor vehicle parts
3364 Aerospace products and parts
3365 Railroad rolling stock
3366 Ship and boat building
3369 Other transportation equipment
3370 Furniture and related products
3391 Medical equipment and supplies
3399 Other miscellaneous
manufacturing
WHOLESALE TRADE
MERCHANT WHOLESALERS, DURABLE
GOODS
4231 Motor vehicles and motor vehicle
parts and supplies merchant
wholesalers
4232 Furniture and home furnishing
merchant wholesalers
4233 Lumber and other construction
materials merchant wholesalers
4234 Professional and commercial
equipment and supplies
merchant wholesalers
4235 Metal and mineral (except
petroleum) merchant
wholesalers
4236 Electrical and electronic goods
merchant wholesalers
4237 Hardware, and plumbing and
heating equipment and supplies
merchant wholesalers
4238 Machinery, equipment, and
supplies merchant wholesalers
4239 Miscellaneous durable goods
merchant wholesalers
MERCHANT WHOLESALERS
NONDURABLE GOODS
4241 Paper and paper product
merchant wholesalers
4242 Drugs and druggists’ sundries
merchant wholesalers
4243 Apparel, piece goods, and notions
merchant wholesalers
4244 Grocery and related product
merchant wholesalers
4245 Farm product raw material
merchant wholesalers
4246 Chemical and allied products
merchant wholesalers
4247 Petroleum and petroleum
products merchant wholesalers
4248 Beer, wine, and distilled alcoholic
beverage merchant wholesalers

SUMMARY OF INDUSTRY CLASSIFICATIONS — Continued

4249 Miscellaneous nondurable goods
merchant wholesalers
ELECTRONIC MARKETS AND AGENTS
AND BROKERS
4251 Wholesale electronic markets and
agents and brokers
RETAIL TRADE
4410 Motor vehicle and parts dealers
4420 Furniture and home furnishings
stores
4431 Electronics and appliance stores
4440 Building material and garden
equipment and supplies dealers
4450 Food and beverage stores
4461 Health and personal care stores
4471 Gasoline stations
4480 Clothing and clothing accessories
stores
4510 Sporting goods, hobby, book, and
music stores
4520 General merchandise stores
4530 Miscellaneous store retailers
4540 Nonstore retailers
TRANSPORTATION AND
WAREHOUSING
4810
4821
4833
4839
4840
4850
4863
4868
4870
4880
4920
4932
4939

Air transportation
Rail transportation
Petroleum tanker operations
Other water transportation
Truck transportation
Transit and ground passenger
transportation
Pipeline transportation of crude
oil, refined petroleum products,
and natural gas
Other pipeline transportation
Scenic and sightseeing
transportation
Support activities for
transportation
Couriers and messengers
Petroleum storage for hire
Other warehousing and storage

INFORMATION
5111 Newspaper, periodical, book, and
directory publishers
5112 Software publishers
5121 Motion picture and video
industries
5122 Sound recording industries
5151 Radio and television broadcasting
5152 Cable and other subscription
programming
5161 Internet publishing and
broadcasting
5171 Wired telecommunications
carriers
5172 Wireless telecommunications
carriers (except satellite)
5173 Telecommunications resellers
5174 Satellite telecommunications
5175 Cable and other program
distribution
5179 Other telecommunications
5181 Internet service providers and
web search portals
5182 Data processing, hosting, and
related services
5191 Other information services

FORM BE-577(I) (REV. 1/2007)

FINANCE AND INSURANCE

EDUCATIONAL SERVICES

5221 Depository credit intermediation
(Banking)
5223 Activities related to credit
intermediation
5224 Nondepository credit
intermediation
5229 Nondepository branches and
agencies
5231 Securities and commodity
contracts intermediation and
brokerage
5238 Other financial investment
activities and exchanges
5242 Agencies, brokerages, and other
insurance related activities
5243 Insurance carriers, except life
insurance carriers
5249 Life insurance carriers

6110 Educational services

5252 Funds, trusts, and other financial
vehicles
REAL ESTATE AND RENTAL AND
LEASING
5310 Real estate
5321 Automotive equipment rental and
leasing
5329 Other rental and leasing services
5331 Lessors of nonfinancial intangible
assets (except copyrighted
works)
PROFESSIONAL, SCIENTIFIC, AND
TECHNICAL SERVICES
5411 Legal services
5412 Accounting, tax preparation,
bookkeeping, and payroll
services
5413 Architectural, engineering, and
related services
5414 Specialized design services
5415 Computer systems design and
related services
5416 Management, scientific, and
technical consulting services
5417 Scientific research and
development services
5418 Advertising and related services
5419 Other professional, scientific, and
technical services
MANAGEMENT OF COMPANIES
AND ENTERPRISES
5512 Holding companies, except bank
holding companies
5513 Corporate, subsidiary, and
regional management offices
ADMINISTRATIVE AND SUPPORT
AND WASTE MANAGEMENT AND
REMEDIATION SERVICES
5611
5612
5613
5614
5615
5616
5617
5619
5620

Office administrative services
Facilities support services
Employment services
Business support services
Travel arrangement and
reservation services
Investigation and security services
Services to buildings and
dwellings
Other support services
Waste management and
remediation services

Page 5

HEALTH CARE AND SOCIAL
ASSISTANCE
6210 Ambulatory health care services
6220 Hospitals
6230 Nursing and residential care
facilities
6240 Social assistance
ARTS, ENTERTAINMENT, AND
RECREATION
7110 Performing arts, spectator sports,
and related industries
7121 Museums, historical sites, and
similar institutions
7130 Amusement, gambling, and
recreation industries
ACCOMMODATION AND FOOD
SERVICES
7210 Accommodation
7220 Food services and drinking places
OTHER SERVICES
8110 Repair and maintenance
8120 Personal and laundry services
8130 Religious, grantmaking, civic,
professional, and similar
organizations
PUBLIC ADMINISTRATION
9200 Public administration