SBI 64.19.3—Activities of savings banks

Where 64.19.3 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.1 Monetary intermediation
4. 64.19 Other monetary intermediation
5. 64.19.3 Activities of savings banks

What 64.19.3 includes

• Non-cooperatively organised money-creating financial institutions whose borrowed funds consist substantially of savings.
• Other activities of savings banks such as: • mediation in the purchase and sale of securities; • mediation in the purchase and sale of foreign currency; • mediation in issues; • mediation in insurance, travel, financing, trust matters, etc.

What 64.19.3 excludes

• Activities of cooperatively organised banks, 64191
• Activities of securities credit institutions, 64192
• Activities of general banks, 64194
• Lending by specialized institutions that do not attract deposits, e.g. for the purchase of a house, 6492
• Processing and settlement of credit card transactions, 6619

64.19.3 in other systems