Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 30

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 30
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 within Note 1 (“Summary of Significant Accounting Policies”) under the heading “Securities” and Note 6 (“Fair Value Measurements”) under the heading “Qualitative Disclosures of Valuation Techniques.” Additionally refer to Note 6 (“Securities”) within this report.

Figure 13. Mortgage-Backed Securities by Issuer 

Dollars in millionsMarch 31, 2025December 31, 2024FHLMC & FNMA$16,208 $14,291 GNMA23,081 21,573 Total (a)$39,289 $35,864 

(a) Includes securities in the available-for-sale portfolio recorded at fair value and securities in the held-to-maturity portfolio recorded at amortized cost.

27

Securities available for sale

The majority of our securities available-for-sale portfolio consists of federal agency mortgage-backed securities and CMOs. CMOs are debt securities secured by a pool of mortgages or mortgage-backed securities. 

Figure 14 shows the composition, yields, and remaining maturities of our securities available for sale. For more 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)March 31, 2025Remaining maturity:One year or less$2,596 $3 $5 $384 $2,988 3.77 %After one through five years5,607 1,031 3,060 607 10,305 3.70 After five through ten years90 6,265 10,321 2,416 19,092 3.65 After ten years69 1,832 5,591 874 8,366 3.61 Fair value$8,362 $9,131 $18,977 $4,281 $40,751 Amortized cost(b)$8,347 $11,135 $19,597 $4,707 $43,786 3.66 %Weighted-average yield(c)4.20 %2.01 %4.57 %2