This section contains definitions of the Third District banking markets, including a map of the markets, summary market statistics, and more detailed market tables. All data are based on the "Summary of Deposits" collected by the Federal Deposit Insurance Corporation. The information on these pages is for general information only and may not be as current as that used by the Federal Reserve Bank of Philadelphia for merger antitrust analysis. Those submitting regulatory applications concerning holding company and bank mergers and acquisitions should contact James DiSalvo by e-mail or phone (215) 574-3820, for the most recent statistics and market tables.
The Bank Structure Unit of the Research Department analyzes the competitive effects of proposed bank and bank holding company mergers and acquisitions for the Board of Governors of the Federal Reserve System. Bank competition is protected under the Bank Holding Company Act of 1956, as amended (12 U.S.C. 1841) and the Federal Deposit Insurance Act, as amended (12 U.S.C. 1828(c)). Competitive analysis for bank mergers and acquisitions applications decided by the Federal Reserve System is regulated by Regulation Y, Bank Holding Companies and Change in Bank Control, (12 CFR 225) and Regulation H, Membership of State Banking Institutions in the Federal Reserve System (12 CFR 208).
The definitions of Third District markets in these pages have been constructed using commuting data from the U.S. Census Bureau's "Journey to Work" files. In general, Third District banking markets follow metropolitan statistical areas and county boundaries, but this is not the case for every market. The market definitions are also subject to change if the Research Department receives new information that such a change is warranted. The Bank Structure Unit will review other possible geographic market definitions based on sound economic analysis and data.