At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.
Second Federal Reserve District Banking Markets
The Federal Reserve Bank of New York is responsible
for assessing the potential anti-competitive effects resulting
from bank mergers, branch sales or other changes in bank ownership
within the Second Federal Reserve District. This assessment
requires designating geographic markets within the Second
District and monitoring the deposit market shares of top-tier bank holding companies operating in each market.
Currently, we designate 21 banking markets in the Second Federal
Reserve District: 13 in the New York area (map ), six in Puerto
Rico and two in the U.S. Virgin Islands: 2nd Federal Reserve District Bank Markets . For a list of banks in each market and their market
shares see CASSIDI (Competitive Analysis and Structure Source Instrument
for Depository Institutions) at right.
Competitive Analysis and Structure Source Instrument for Depository Institutions (CASSIDI)
The St. Louis Federal Reserve Bank created CASSIDI as a resource that provides banking market definitions as well as a tool to calculate how a potential merger transaction would change a banking market's concentration. Users are able to search for and view banking markets, find banking market concentrations and perform "what if" analyses on banking market structures.