2nd Federal Reserve District Bank Market Definitions

Description: The Federal Reserve Bank of New York is responsible for gauging the anti-competitive effects resulting from changes in local banking market structure (including mergers and deposit-holding branch sales among bank and thrifts). We do this by noting changes in the Herfindahl-Hirschmann Index (HHI) and monitoring the share of deposits held by each top-tier holding company with a banking presence in each banking market. The FRBNY makes this information available in our market tables, which rank these parent holding companies by deposits. Currently, we oversee 21 markets in total: 15 in the New York area, 4 in Puerto Rico and 2 in the Virgin Islands.

To request market tables or further information about their applications, please contact: Kara Sulmasy.

The rest of this document will focus on their definitions. Contacts listed in the following pages will only address questions regarding deposit data and market definitions.

Contents Information

1. Notes and Contacts

2. New York Area Markets

Metropolitan NY-NJ-PA-CT

Albany
Binghamton
Buffalo
Elmira-Corning
Ithaca
Jamestown
Olean

Oneonta
Plattsburgh
Rochester
Lawrence
Syracuse
Utica-Rome
Watertown

3. Puerto Rico Markets

Aguadilla
Mayaguez
Ponce
San Juan & Culebra

4. Virgin Islands Markets

St. John & St. Thomas
St. Croix

Notes and Contacts

How our terminology compares to Census Bureau geography
Our terminology Census Bureau equivalent
Townships Minor Civil Divsions (MCDs).
Municipios The same. This is equivalent to county-level geography in U.S. Municipios are Puerto Rico-specific geography.

For questions and/or comments regarding these market definitions, please contact either of the following people in Research and Market Analysis Group:

Mei Kok
Chris Metli
Adrienne Rumble

New York Area Markets

Metropolitan NY-NJ-PA-CT Market

In New York State
Full Counties Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, Sullivan, Ulster, Westchester.

In New Jersey State
Full Counties Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, Warren.
Split County
Mercer County

Townships: East Windsor, Hightstown, Hopewell, Pennington, Princeton Borough, Princeton Township, West Windsor.

Part of Township: Washington Township less city of Robbinsville.


In Pennsylvania State
Full Counties Pike

In Connecticut State
Full Counties Fairfield
Split County
Litchfield County

Townships: Bridgewater, Canaan, Kent, New Milford, Roxbury, Salisbury, Sharon.

Cities: Cornwall Bridge, Falls Village, Lakeville, Marble Dale, New Preston, Washington Depot.

New Haven County Townships: Ansonia, Beacon Falls, Derby, Milford, Oxford, Seymour.

Albany Market

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In New York State
Full Counties Albany, Columbia, Fulton, Greene, Hamilton, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren, Washington.

Binghamton Market

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In New York State
Full Counties Broome, Tioga.
Split County
Chenango County

Townships: Afton, Coventry, Greene, Smithville.


In Pennsylvania State
Split County
Susquehanna County

Townships: Apolacon, Bridgewater, Choconut, Forest Lake, Franklin, Friendsville, Great Bend, Harmony, Jackson, Jessup, Liberty, Middletown, New Milford, Oakland, Rush, Silver Lake, Thompson.

Cities: Hallstead, Lanesboro, Little Meadows, Montrose, Susquehanna Depot.

Buffalo Market

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In New York State
Full Counties Erie, Niagara.
Split Counties
Cattaraugus County

Townships: Ashford, Dayton, East Otto, Farmersville, Freedom, Machias, Otto, Perrysburg, Persia, Yorkshire.

Indian Reservation: Cattaraugus Indian Reservation.

Orleans County Townships: Ridgeway, Shelby, Yates.
Wyoming County Townships: Arcade, Bennington, Eagle, Java, Orangeville, Sheldon, Wethersfield.

Elmira-Corning Market

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In New York State
Full Counties Chemung.
Split County
Allegany County

Townships: Alfred, Andover, Independence.

Schuyler County Townships: Catharine, Cayuta, Dix, Orange, Montour, Reading, Tyrone.
Steuben County Townships: Addison, Bath, Bradford, Cameron, Campbell, Canisteo, Caton, Corning, Erwin, Greenwood, Hartsville, Hornby, Jasper, Lindley, Rathbone, Thurston, Troupsburg, Tuscarora, Urbana, Wayne, West Union, Woodhull.

Ithaca Market

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In New York State
Full Counties Tompkins.
Split Counties
Cortland County

Townships: Cincinnatus, Freetown, Harford, Lapeer, Marathon, Virgin, Willet.

Schuyler County Township: Hector.

Jamestown Market

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In New York State
Full Counties Chautauqua.
Split County
Cattaraugus County

Townships: Cold Spring, Conewango, Leon, Napoli, Randolph, South Valley.

Part of Township: New Albion Township less Cattaraugus Village.

Indian Reservation: Allegany Indian Reservation.

Olean Market

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In New York State
Allegany County

Townships: Alma, Amity, Angelica, Belfast, Bolivar, Clarksville, Cuba, Friendship, Genesee, New Hudson, Scio, Ward, Wellsville, West Almond, Willing, Wirt.

City: Cattaraugus Village (in New Albion Township).

Indian Reservation: Oil Springs Reservation.

Cattaraugus County

Townships: Allegany, Carrollton, Ellicottville, Franklinville, Great Valley, Hindsdale, Humphrey, Ischua, Little Valley, Lyndon, Mansfield, Olean, Portville, Red House, Salamanca.

Oneonta Market

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In New York State
Full Counties Delaware, Otsego.
Split County
Chenango County

Townships: Bainbridge, Columbus, German, Guilford, Lincklaen, McDonough, New Berlin, North Norwich, Norwich, Otselic, Oxford, Pharsalia, Pitcher, Plymouth, Preston, Sherburne, Smyrna.

Plattsburgh Market

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In New York State
Full Counties Clinton, Essex.
Split County
Franklin County

Townships: Altamont, Bellmont, Brighton, Burke, Chateauguay, Constable, Duane, Franklin, Harrietstown, Malone.

Rochester Market

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In New York State
Full Counties Genesee, Livingston, Monroe, Ontario, Seneca, Wayne, Yates.
Split County
Allegany County

Townships: Allen, Almond, Birdsall, Burns, Caneadea, Centerville, Granger, Grove, Hume, Rushford.

Orleans County Townships: Albion, Barre, Carlton, Clarendon, Gaines, Kendall, Murray.
Steuben County

Townships: Avoca, Cohocton, Dansville, Fremont, Hornellsville, Howard, Prattsburg, Pulteney, Wayland, Wheeler.

City: Hornell City.

Wyoming County Townships: Attica, Castile, Covington, Gainesville, Genesee Falls, Middlebury, Perry, Pike, Warsaw.

St. Lawrence

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In New York State
Full Counties St. Lawrence.
Split County
Franklin County

Townships: Bangor, Bombay, Brandon, Dickinson, Fort Covington, Moira, Santa Clara, Waverly, Westville.

Indian Reservation: St. Regis Reservation.

Syracuse Market

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In New York State
Full Counties Cayuga, Onondaga, Oswego.
Split Counties
Lewis County

Townships: Cortlandville, Cuyler, Homer, Preble, Scott, Solon, Taylor, Truxton.

City: Cortland City.

Madison County Townships: Cazenovia, DeRuyter, Eaton, Fenner, Georgetown, Lebanon, Lenox, Lincoln, Nelson, Smithfield, Sullivan.

Utica-Rome Market

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In New York State
Full Counties Herkimer, Oneida.
Split Counties
Lewis County

Townships: Grieg, Lewis, Leyden, Lyonsdale, Osceola, Turin, West Turin.

Madison County

Townships: Brookfield, Hamilton, Madison, Stockbridge.

City: Oneida City.

Watertown Market

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In New York State
Full County Jefferson.
Split County
Lewis County

Townships: Croghan, Denmark, Diana, Harrisburg, Lowville, Martinsburg, Montague, New Bremen, Pinckney, Watson.

Puerto Rico Bank Markets

Aguadilla, PR Market

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(Municipios are equivalent to Counties.)

(Municipios are equivalent to Counties.)
Municipios included in Aguadilla MSA Aguada, Aguadilla, Moca.
Other Municipios Isabela, San Sebastian.

Mayaguez, PR Market

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(Municipios are equivalent to Counties.)
Municipios included in Mayaguez MSA Anasco, Cabo Rojo, Hormigueros, Mayaguez, Sabana Grande.
Other Municipios Lajas, Las Marias, Maricao, Rincon.

Ponce, PR Market

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(Municipios are equivalent to Counties.)
Municipios included in Ponce MSA Guayanilla, Juana Diaz, Penuelas, Ponce, Villalba, Yauco.
Other Municipios Adjuntos, Arroyo, Coamo, Guanica, Guayama, Patillas, Salinas, Santa Isabel.

San Juan, PR Market

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(Municipios are equivalent to Counties.)
Municipios included in Arecibo MSA Arecibo, Camuy, Hatillo.
Municipios included in Caguas MSA Caguas, Cayey, Cidra, Gurabo, San Lorenzo.
Municipios included in San Juan MSA

Aguas Buenas, Barceloneta, Bayamon, Canovanas, Carolina, Catano, Ceiba, Comerio, Corozal, Dorado, Fajardo, Florida, Guaynabo, Humacao, Juncos, Las Piedras, Loiza, Luquillo, Manati, Morovis, Naugabo, Naranjito, Rio Grande, San Juan, Toa Alta, Toa Baja, Trujillo Alto, Vega Alta, Vega Baja, Yabucoa.

Other Municipios Aibonito, Barranquitas, Ciales, Jayuya, Lares, Maunabo, Orocovis, Quebradillas, Utuado, Vieques.

Culebra Municipio constitutes a separate banking market. Since it is a very small one, we have combined it into this market.

Virgin Islands Bank Markets

St. John and St. Thomas, VI Market

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Full Counties St. John, St. Thomas.

St. Croix, VI Market

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Full Counties St. Croix.

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