Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 165

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 165
---
31 $3,626 $37,707 HELD-TO-MATURITY SECURITIESAgency residential collateralized mortgage obligations$4,452 $7 $246 $4,213 $4,577 $3 $332 $4,248 Agency residential mortgage-backed securities148 — 15 133 151 — 17 134 Agency commercial mortgage-backed securities2,300 1 171 2,130 2,333 — 203 2,130 Asset-backed securities (c)236 — 5 231 308 — 8 300 Other securities24 — 1 23 26 — 1 25 Total held-to-maturity securities$7,160 $8 438 $6,730 $7,395 $3 $561 $6,837 (a)Amortized cost amounts exclude accrued interest receivable which is recorded within “other assets” on the balance sheet. At March 31, 2025, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $127 million and $20 million, respectively.  At December 31, 2024, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $109 million and $21 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 $71 million and $(6) million as of March 31, 2025 and December 31, 2024, respectively. The securities being hedged are primarily U.S Treasuries, Agency RMBS, and Agency CMBS.(c)Amortized cost includes  $231 million of securities as of March 31, 2025, and $303 million of securities as of December 31, 2024, related to the purchase of senior notes from a securitization collateralized by sold indirect auto loans.

70

The following table summarizes securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of March 31, 2025, and December 31, 2024. Duration of Unrealized Loss Position   Less than 12 Months12 Months or LongerTotalDollars in millionsFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLosses