Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 36

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 36
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 totaled $150.8 billion, an increase of $1.0 billion, compared to December 31, 2024.

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Uninsured deposits totaled $66.5 billion and $64.4 billion at September 30, 2025 and December 31, 2024, respectively. Uninsured deposits are defined as the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit or similar state deposit insurance regimes and amounts in any other uninsured investment or deposit accounts that are classified as deposits and not subject to any federal or state deposit insurance regimes. 

Figure 17 presents estimated uninsured deposits for the noted periods which reflect amounts disclosed in KeyBank’s Call Report adjusted for intercompany deposits, which are not customer facing and are eliminated in consolidation, and accrued interest.

Figure 17. Estimated Uninsured Deposits

Dollars in billionsSeptember 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024Uninsured deposits(a)$66.5 $61.8 $65.2 $64.4 $66.6 Total deposits150.8 146.9 150.7 149.8 150.4 Uninsured % of Deposits44 %42 %43 %43 %44 %(a) Intercompany deposits and accrued interest excluded from uninsured deposits$13.2 $12.5 $12.4 $12.4 $11.8 

As of September 30, 2025, approximately $12.9 billion of uninsured deposits were collateralized by government-backed securities compared to $12.3 billion as of December 31, 2024.

Wholesale funds, consisting of short-term borrowings and long-term debt, totaled $12.3 billion at September 30, 2025, compared to $14.2 billion at December 31, 2024. The change primarily reflects the maturity of certain long-term debt during 2025. Wholesale funding supplements client deposit funding and may rise or fall with seasonal or other funding needs. For more information regarding our wholesale funds, see Part II, Item 2. Management’s Discussion & Analysis of Financial Condition & Results of Operations under the heading “Risk Management - Liquidity risk management” of this report. 

Capital

The objective of capital management is to maintain