Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 51

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 51
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ed-AverageDecember 31, 2024Dollars in millionsNotionalAmountFairValueMaturity(Years)ReceiveRatePayRateNotionalAmountFairValueReceive fixed/pay variable — conventional loans$23,525 $(193)1.62.9 %4.4 %$18,750 $(442)Receive fixed/pay variable — conventional debt10,782 (241)3.82.8 4.4 9,818 (470)Receive fixed/pay variable — forward loans14,475 184 3.03.8 4.4 19,200 (114)Receive fixed/pay variable — forward debt— — —— — 950 (22)Pay fixed/receive variable — conventional debt50 — 3.04.7 3.6 50 1 Pay fixed/receive variable — securities9,420 (110)2.44.4 4.1 9,405 5 Total portfolio swaps$58,252 $(360)(a)2.53.3 %4.4 %$58,173 $(1,042)(a)Floors — forward purchased $3,250 $1 0.6— %— %$3,250 $2 Floors — forward sold 3,250 — 0.6— — 3,250 (1)Total floors$6,500 $1 —— %— %$6,500 $1 

(a)Excludes accrued interest of $86 million at June 30, 2025, and accrued interest of $51 million at December 31, 2024.

Liquidity risk management

Liquidity risk, which is inherent in the banking industry, is measured by our ability to accommodate liability maturities and deposit withdrawals, meet contractual obligations, and fund new business opportunities at a reasonable cost, in a timely manner, and without adverse consequences. Liquidity management involves maintaining sufficient and diverse sources of funding to accommodate planned, as well as unanticipated, changes in cash flows of assets and liabilities under both normal and adverse conditions.

Governance structure

We manage liquidity for all of our affiliates on a consolidated basis. This approach considers the funding sources available to each entity, as well as each entity’s capacity to manage through adverse conditions.

The management of consolidated liquidity risk is centralized within Corporate Treasury. Oversight and governance is