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Thursday, August 21, 2014

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OMB Statistical Definitions: Their Impact on CRA and HMDA Reporting

2003 Geographic Definitions
Median Family Income
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD, Consolidated Metropolitan Statistical Area
$57,868
Atlantic-Cape May, NJ, PMSA
    Atlantic County, NJ
    Cape May County, NJ
$51,622
Philadelphia, PA-NJ, PMSA
    Bucks County, PA
    Chester County, PA
    Delaware County, PA
    Montgomery County, PA
    Philadelphia County, PA
$58,395
        Census Tract 45
$46,524
    Burlington County, NJ
    Camden County, NJ
    Gloucester County, NJ
    Salem County, NJ
 
Vineland-Millville-Bridgeton, NJ, PMSA
    Cumberland County, NJ
$45,403
Wilmington-Newark, DE-MD, PMSA
    New Castle County, DE
    Cecil County, MD
$61,246
Table 1: 2003 and 2004 Geographic Definitions
2004 Geographic Definitions
Median Family Income
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
$58,739
Philadelphia, PA, Metropolitan Division
    Bucks County, PA
    Chester County, PA
    Delaware County, PA
    Montgomery County, PA
    Philadelphia County, PA
$56,993
        Census Tract 45
$46,524
Camden, NJ, Metropolitan Division
    Burlington County, NJ
    Camden County, NJ
    Gloucester County, NJ
$62,032
Wilmington, DE-MD-NJ, Metropolitan Division
    New Castle County, DE
    Cecil County, MD
    Salem County, NJ
$60,622

Sources: Median family income for 2003 geographies was obtained from Census 2000; median family income for metropolitan divisions was obtained
from the 2004 Preliminary Federal Financial Institutions Examination Council (FFIEC) Census File; geographic definitions were taken from OMB
Bulletin No. 03-4 and Census 2000.

Table 2: Census Tract Reclassification 2003 to 2004 - PA, NJ, and DE
Higher-Income Categories
Low to Moderate
32
0.6%
Moderate to Middle
86
1.6%
Middle to Upper
167
3.2%
Total Increased
285
5.4%
Total Unchanged
4838
91.6%
Total Tracts
5283
100%
Lower-Income Categories
Moderate to Low
7
0.1%
Middle to Moderate
70
1.3%
Upper to Middle
83
1.6%
Total Decreased
160
3.0%
Total Unchanged
4838
91.6%
Total Tracts
5283
100%

Source: 2004 Preliminary FFIEC Census File.

Table 3: 2004 Revised OMB Metropolitan-Area Definitions
MSAs Metropolitan statistical areas have at least one urbanized area of 50,000 or more in population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.
Micropolitan Statistical Area Micropolitan statistical areas have at least one urban cluster of at least 10,000 but less than 50,000 in population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.
MetroDivs Metropolitan divisions: 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.
CSAs Combined Statistical Areas: If specified criteria are met, adjacent metropolitan and micropolitan statistical areas, in various combinations, may become the components of a new set of areas called combined statistical areas. For instance, a 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.

Source: OMB Bulletin No. 03-4 and accompanying attachment.

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