With these caveats in mind, we rees

With these caveats in mind, we reestimate our major regressions reported in Tables 3, 4, 7, and 8 using the extended time period.Our results are qualitatively similar although less significant. The only exception is the result for Table 7, where we compare banks with more senior depositors to those with fewer senior depositors. With the extended time series including the Great Recession, we do not observe the smaller negative correlation between retail deposits and the change in FFR for banks with a more senior deposit base. We suppose that this may be due to the flight-to-quality effect—if seniors had shifted more funds into the banking sector during the crisis because of their higher risk aversion, banks with more senior depositors would have experienced a larger increase in retail deposits during the crisis. This variation may offset the effect on which we focus.