Financial Sectors

Insurance companies play an important role in an economy in that they are risk bearers or the underwriters of risk for a wide range of insurable events.

Non-depository financial institutions are intermediaries that do not accept deposits, but lend funds to consumers and businesses.

Depository institutions include commercial banks and thrifts. Thrifts include savings and loan associations, savings banks, and credit unions.

Domestic financial sectors include enterprises that and regulators that provide the framework for facilitating lending and borrowing.

Non-financial businesses are enterprises that primarily engage in activities unrelated to financial services such as banking, insurance, and investment management.

The government sector comprises organizations and institutions that operate under public administration to provide essential services, maintain law and order, and support economic stability.