Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 189

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 189
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 losses from the sale of securities available for sale. For the three months ended June 30, 2024, we recognized no gross realized gains and $10 million in gross realized losses from the sale of securities available for sale.For the six months ended June 30, 2025, we had no gross realized gains or losses from the sale of securities available for sale. For the six months ended June 30, 2024, we recognized no gross realized gains and $13 million in gross realized losses from the sale of securities available for sale.At June 30, 2025 and December 31, 2024, securities available for sale and held-to-maturity securities totaling $20.0 billion and $19.1 billion, respectively, were pledged to secure securities sold under repurchase agreements, to secure public and trust deposits, to facilitate access to secured funding, and for other purposes required or permitted by law.The following table shows our securities by remaining maturity at June 30, 2025. CMOs, other mortgage-backed securities, and asset-backed securities in the available for sale portfolio and held-to-maturity portfolio are presented based on their expected average lives. The remaining securities, in both the available-for-sale and held-to-maturity portfolios, are presented based on their remaining contractual maturity. Actual maturities may differ from expected or contractual maturities since borrowers have the right to prepay obligations with or without prepayment penalties.

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June 30, 2025Securities Available for SaleHeld to Maturity SecuritiesDollars in millionsAmortized CostFair ValueAmortized CostFair ValueDue in one year or less$3,027 $3,025 $538 $531 Due after one through five years10,852 10,534 2,291 2,214 Due after five through ten years22,107 20,181 2,887 2,718 Due after ten years7,517 6,929 1,198 1,056 Total$43,503 $40,669 $6,914 $6,519 

7. Derivatives and Hedging ActivitiesWe are a party to various derivative instruments, mainly through our subsidiary, KeyBank. The primary derivatives that we use are interest rate swaps, caps, floors, forwards, and futures; foreign exchange contracts; commodity derivatives; and credit derivatives. Generally, these instruments help us manage exposure to interest rate risk, mitigate