Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 36

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 36
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 in billionsJune 30, 2025December 31, 2024Money market deposits$41.4 $41.0 Demand deposits57.9 57.6 Savings deposits4.6 4.6 Time deposits15.3 17.0 Noninterest bearing deposits27.7 29.6 Total$146.9 $149.8 

Our highly diversified deposit base is our primary source of funding. At June 30, 2025, our deposits totaled $146.9 billion, a decrease of $2.9 billion, compared to December 31, 2024.

29

Uninsured deposits totaled $61.8 billion and $64.4 billion at June 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 billionsJune 30, 2025March 31, 2025December 31, 2024September 30, 2024June 30, 2024Uninsured deposits(a)$61.8 $65.2 $64.4 $66.6 $62.3 Total deposits146.9 150.7 149.8 150.4 145.7 Uninsured % of Deposits42 %43 %43 %44 %43 %(a) Intercompany deposits and accrued interest excluded from uninsured deposits$12.5 $12.4 $12.4 $11.8 $10.5 

As of June 30, 2025, approximately $12.2 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 $14.8 billion at June 30,