Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 100

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 100
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 as of December 31, 2024 and December 31, 2023, respectively. The securities being hedged are primarily U.S Treasuries, Agency RMBS, and Agency CMBS.(c)Includes $303 million of securities as of December 31, 2024, and $731 million of securities as of December 31, 2023, related to the purchase of senior notes from a securitization collateralized by sold indirect auto loans.The following table summarizes securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of December 31, 2024, and December 31, 2023:  Duration of Unrealized Loss Position   Less than 12 Months12 Months or LongerTotalDollars in millionsFair ValueGrossUnrealizedLossesFair ValueGrossUnrealizedLossesFair ValueGrossUnrealizedLossesDecember 31, 2024Securities available 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 $4,187 December 31, 2023      Securities available for sale:U.S. Treasury, agencies, and corporations$— $— $8,532 $280 $8,532 $280 Agency residential collateralized mortgage obligations— — 14,979 3,437