Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 84

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 84
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 basis in accordance with GAAP. For more information on the valuation techniques used to measure classes of assets and liabilities reported at fair value on a recurring basis as well as the classification of each in the valuation hierarchy, refer below. The following tables present assets and liabilities measured at fair value on a recurring basis at December 31, 2024, and December 31, 2023.December 31, 2024December 31, 2023Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalDollars in millionsASSETS MEASURED ON A RECURRING BASISTrading account assets:U.S. Treasury, agencies and corporations$— $930 $— $930 $— $685 $— $685 States and political subdivisions— 127 — 127 — 93 — 93 Other mortgage-backed securities— 183 — 183 — 340 — 340 Other securities— 25 — 25 — 21 — 21 Total trading account securities— 1,265 — 1,265 — 1,139 — 1,139 Commercial loans— 18 — 18 — 3 — 3 Total trading account assets— 1,283 — 1,283 — 1,142 — 1,142 Securities available for sale:U.S. Treasury, agencies and corporations— 8,904 — 8,904 — 9,026 — 9,026 States and political subdivisions— — — — — — — — Agency residential collateralized mortgage obligations— 9,224 — 9,224 — 15,478 — 15,478 Agency residential mortgage-backed securities— 15,169 — 15,169 — 3,589 — 3,589 Agency commercial mortgage-backed securities— 4,410 — 4,410 — 9,092 — 9,092 Other securities— — — — — — — — Total securities available for sale$— $37,707 $— $37,707 $— $37,185 $— $37,185 Other investments:Principal investments:Indirect (measured at NAV