In this table, we show results from estimating the following regression: |$Y_{b, t} = \alpha _b + \alpha _T + \beta \: {Transfers}_{(t-1)} + \epsilon _{b,t}$|⁠. |$Y_{b,t}$| are logs of total assets, total loans, mortgages, firm loans, and securities. |${Transfers}_{(t-1)}$| is the share of total mortgages which banks transfer to cover pools in the previous quarter. The regression covers the time period 2008q4–2012q4 due to data availability of transfers, and includes year FEs |$\alpha _T$|⁠. Robust standard errors are clustered at the bank level and are depicted in parentheses. *, **, and *** indicate significant coefficients at the 10%, 5%, and 1% level, respectively.