Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 244

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 244
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ized Mortgage Obligations(a)Agency Residential Mortgage-backed Securities(a)Agency Commercial Mortgage-backed Securities(a)Asset-backed securities(a)OtherSecuritiesTotalWeighted-Average Yield(b)December 31, 2024Remaining maturity:One year or less$35 $— $41 $2 $7 $85 2.54 %After one through five years1,160 101 1,221 304 19 2,805 3.05 After five through ten years2,429 7 236 2 — 2,674 3.59 After ten years953 43 835 — — 1,831 3.79 Amortized cost$4,577 $151 $2,333 $308 $26 $7,395 3.43 %Fair value4,248 134 2,130 300 25 6,837 — Weighted-average yield(b)3.78 %2.82 %2.94 %2.09 %4.17 %3.43 %— Weighted-average maturity7.2 years7.1 years8.3 years1.4 years1.9 years7.3 years— December 31, 2023Amortized cost$5,170 $165 $2,473 $738 $29 $8,575 3.49 %Fair value4,896 152 2,270 709 29 8,056 — 

(a)Maturity is based upon expected average lives rather than contractual terms.

(b)Weighted-average yields are calculated based on amortized cost. Such yields have been adjusted to a TE basis using the statutory federal income tax rate in effect that calendar year.

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Deposits and other sources of funds

Figure 18. Breakdown of Deposits at December 31, 2024

The following presents the breakdown of our deposits by product for the noted periods.

December 31,Dollars in billions20242023Money market deposits$41.0 $37.0 Demand deposits57.6 57.7 Savings deposits4.6 5.4 Time deposits17.0 14.8 Noninterest bearing deposits29.6 30.7 Total$149.8 $145.6 

Our highly diversified deposit base