Community Profiles

• Source: ESRI, Inc. of Redlands, CA and www.ffiec.gov

Contents of the Community Profiles

Each report contains information for an MSA or a portion of an MSA and includes:

• An Introduction – provides a geographical overview of the area and maps.
• Historical Information – provides a brief historical overview of the area and links to historical websites.
• Demographic and Economic Data – provides links to websites that allow users to obtain additional demographic and economic data. Also provides a custom profile report of select data produced by The Reinvestment Fund’s PolicyMap division.
• Financial Institutions and Market Share Data – provides links to websites that allow users to obtain deposit share information of FDIC-insured financial institutions and the market share of selected small-business, small-farm, and home mortgage lending.
• Community Organizations – provides information about affordable housing, social service, economic development, and community revitalization organizations in the area whose interests, activities, and initiatives improve the housing conditions and employment opportunities of residents. These groups represent potential partners for lenders seeking to more fully address the credit needs of each region's low- and moderate-income people and communities.
• Funding Sources – summarizes public sources of funds that support affordable housing, social service, economic development and community revitalization initiatives at the national, state, and local levels.

Definition of Metropolitan Statistical Areas

The Office of Management and Budget (OMB)  defines metropolitan statistical areas, as well as micropolitan statistical areas. According to the definition: "Metropolitan statistical areas have at least one urbanized area of 50,000 or more population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties. Micropolitan statistical areas have at least one urban cluster of at least 10,000 but less than 50,000 population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties. Metropolitan and micropolitan statistical areas are defined in terms of whole counties. If the specified criteria are met, a metropolitan statistical area containing a single core with a population of 2.5 million or more may be subdivided to form smaller groupings of counties referred to as metropolitan divisions."*

In 2003, the OMB also established the definition for combined statistical areas. The OMB indicates: "Combined statistical area may comprise two or more metropolitan statistical areas, a metropolitan statistical area and a micropolitan statistical area, two or more micropolitan statistical areas, or multiple metropolitan and micropolitan statistical areas that have social and economic ties as measured by commuting, but at lower levels than are found among counties within metropolitan and micropolitan statistical areas." * For example, the Philadelphia-Camden-Vineland, PA-NJ-DE-MD combined statistical area includes three MSAs: the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, the Reading, PA MSA, and the Vineland-Millville-Bridgeton, NJ MSA.

• * Source: The Office of Management and Budget, “Update of Statistical Area Definitions and Guidance on Their Uses,” http://www.whitehouse.gov/omb/bulletins/fy2007/b07-01.pdf 

Regional Economic Data

Regional economic data for the Third Federal Reserve District (Pennsylvania, New Jersey, and Delaware) are available in Research & Data section of our website:

• Latest Statistics and Data Analysis: Analysis of employment (both state and MSA), housing prices, housing permits, and personal income for the Third District.
• Employment, Unemployment, and Housing for the Third District States: Payroll employment data, household employment data, and unemployment insurance claims data for the U.S., Pennsylvania, New Jersey, and Delaware.
• Business Outlook Survey: Monthly survey of manufacturers in the Third District.
• South Jersey Business Survey: Quarterly survey of business establishments located in the South Jersey region.