Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 229

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 229
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 for sale:U.S. Treasury, agencies, and corporations$3,647 $8 $508 $36 $4,155 $44 Agency residential collateralized mortgage obligations91 — 8,108 2,193 8,199 2,193 Agency residential mortgage-backed securities11,364 254 3,145 618 14,509 872 Agency commercial mortgage-backed securities 50 1 4,360 516 4,410 517 Held-to-maturity securities:Agency residential collateralized mortgage obligations569 18 3,387 314 3,956 332 Agency residential mortgage-backed securities— — 134 17 134 17 Agency commercial mortgage-backed securities — — 2,060 203 2,060 203 Asset-backed securities— — 300 8 300 8 Other securities7 — 8 1 15 1 Total securities in an unrealized loss position$15,728 $281 $22,010 $3,906 $37,738 $4,187 Based on our evaluation at March 31, 2025, an allowance for credit losses has not been recorded nor have unrealized losses been recognized into income. The issuers of the securities are of high credit quality and have a history of no credit losses, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely attributed to changes in interest rates and other market conditions. The security issuers continue to make timely principal and interest payments.For the three months ended March 31, 2025, we had no gross realized gains or losses from the sale of securities available for sale. For the three months ended March 31, 2024, we recognized no gross realized gains and $3 million in gross realized losses from the sale of securities available for sale.At March 31, 2025 and December 31, 2024, securities available for sale and held-to-maturity securities totaling $20.4 billion and $19.1 billion, respectively, were pledged to secure securities sold under repurchase agreements, to secure public and trust deposits, to facilitate access to secured funding, and for other purposes required or permitted by law.The following table shows our securities by remaining maturity at March 31, 2025. CMOs, other mortgage