Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 99

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 99
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)GrossUnrealizedGainsGrossUnrealizedLossesFairValueSECURITIES AVAILABLE FOR SALEU.S. Treasury, agencies, and corporations$8,928 $20 $44 $8,904 $9,300 $6 $280 $9,026 Agency residential collateralized mortgage obligations11,409 8 2,193 9,224 18,911 4 3,437 15,478 Agency residential mortgage-backed securities16,038 3 872 15,169 4,189 — 600 3,589 Agency commercial mortgage-backed securities 4,927 — 517 4,410 10,295 — 1,203 9,092 Total securities available for sale$41,302 $31 $3,626 $37,707 $42,695 $10 $5,520 $37,185 HELD-TO-MATURITY SECURITIESAgency residential collateralized mortgage obligations$4,577 $3 $332 $4,248 $5,170 $9 $283 $4,896 Agency residential mortgage-backed securities151 — 17 134 165 — 13 152 Agency commercial mortgage-backed securities2,333 — 203 2,130 2,473 1 204 2,270 Asset-backed securities(c)308 — 8 300 738 — 29 709 Other securities26 — 1 25 29 — — 29 Total held-to-maturity securities$7,395 $3 $561 $6,837 $8,575 $10 $529 $8,056 (a)Amortized cost amounts exclude accrued interest receivable which is recorded within “other assets” on the balance sheet. At December 31, 2024, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $109 million and $21 million, respectively. At December 31, 2023, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $64 million and $25 million, respectively.(b)Excluded from the amortized cost of securities available for sale are basis adjustments for securities designated in active fair value hedges. Basis adjustments totaled $(6) million and $140 million