Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 34

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 34
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 information about these securities, including gross unrealized gains and losses by type of security and securities pledged, see Note 6 (“Securities”). 

Figure 14. Securities Available for Sale 

Dollars in millionsU.S. Treasury, Agencies, and CorporationsAgency Residential Collateralized Mortgage Obligations(a)Agency Residential Mortgage-backed Securities(a)Agency Commercial Mortgage-backed Securities(a)TotalWeighted-Average Yield(b)June 30, 2025Remaining maturity:One year or less$2,696 $4 $4 $321 $3,025 3.88 %After one through five years5,436 1,374 2,978 746 10,534 3.63 After five through ten years142 6,938 10,897 2,204 20,181 3.54 After ten years69 614 5,375 871 6,929 4.03 Fair value$8,343 $8,930 $19,254 $4,142 $40,669 Amortized cost(b)$8,318 $10,840 $19,812 $4,533 $43,503 3.67 %Weighted-average yield(c)4.17 %1.93 %4.59 %2.87 %3.67 %— Weighted-average maturity1.7 years7.9 years9.2 years6.8 years7.2 years— December 31, 2024Fair value$8,904 $9,224 $15,169 $4,410 $37,707 Amortized cost8,928 11,409 16,038 4,927 41,302 3.48 %

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

(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 $109 million and $(6) million as of June 30, 2025 and December 31, 2024, respectively. The securities being hedged are primarily U.S Treasuries, Agency RMBS, and Agency CMBS.

(c)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