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<html> <head></head> <body>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left"> </div>  <div align="center" style="font-size: 10pt; margin-top: 0pt"><b></b> </div> <div align="Center" style="font-size: 10pt; margin-top: 6pt"><b>1. Basis of Presentation</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The unaudited condensed consolidated interim financial statements include the accounts of KeyCorp and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As used in these Notes: </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td><b><i>KeyCorp </i></b>refers solely to the parent holding company;</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td><b><i>KeyBank </i></b>refers to KeyCorp’s subsidiary bank, KeyBank National Association; and</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td><b><i>Key </i></b>refers to the consolidated entity consisting of KeyCorp and its subsidiaries.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The consolidated financial statements include any voting rights entity in which Key has a controlling financial interest. In accordance with Financial Accounting Standards Board (“FASB”) Revised Interpretation No. 46, “Consolidation of Variable Interest Entities,” a variable interest entity (“VIE”) is consolidated if Key has a variable interest in the entity and is exposed to the majority of its expected losses and/or residual returns (i.e., Key is considered to be the primary beneficiary). Variable interests can include equity interests, subordinated debt, derivative contracts, leases, service agreements, guarantees, standby letters of credit, loan commitments, and other contracts, agreements and financial instruments. See Note 8 (“Variable Interest Entities”), which begins on page 26, for information on Key’s involvement with VIEs. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Management uses the equity method to account for unconsolidated investments in voting rights entities or VIEs in which Key has significant influence over operating and financing decisions (usually defined as a voting or economic interest of 20% to 50%, but not controlling). Unconsolidated investments in voting rights entities or VIEs in which Key has a voting or economic interest of less than 20% generally are carried at cost. Investments held by KeyCorp’s registered broker-dealer and investment company subsidiaries (primarily principal investments) are carried at fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Qualifying special purpose entities (“SPEs”), including securitization trusts, established by Key under the provisions of Statement of Financial Accounting Standards (“SFAS”) No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,” are not consolidated. In June 2009, the FASB issued SFAS No. 166, “Accounting for Transfers of Financial Assets, an amendment of FASB Statement No. 140.” This guidance will change the way entities account for securitizations and SPEs by eliminating the concept of a qualifying SPE, changing the requirements for derecognition of financial assets and requiring additional disclosures. Information on SFAS No. 140 is included in Note 7 (“Loan Securitizations and Mortgage Servicing Assets”), which begins on page 23. For additional information regarding SFAS No. 166, which is effective January 1, 2010, for Key, see the section entitled “Accounting Pronouncements Pending Adoption”<br /> on page 11. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Management believes that the unaudited condensed consolidated interim financial statements reflect all adjustments of a normal recurring nature and disclosures that are necessary for a fair presentation of the results for the interim periods presented. Some previously reported amounts have been reclassified to conform to current reporting practices. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The results of operations for the interim period are not necessarily indicative of the results of operations to be expected for the full year. The interim financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in Key’s 2008 Annual Report to Shareholders. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In preparing these financial statements, subsequent events were evaluated through the time the financial statements were issued on August 10, 2009. Financial statements are considered issued when they are widely distributed to all shareholders and other financial statement users, or filed with the Securities and Exchange Commission. In conjunction with applicable accounting standards, all material subsequent events have been either recognized in the financial statements or disclosed in the notes to the financial statements. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Goodwill and Other Intangible Assets</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Under SFAS No. 142, “Goodwill and Other Intangible Assets,” goodwill and certain other intangible assets are subject to impairment testing, which must be conducted at least annually. Key performs the goodwill impairment testing in the fourth quarter of each year. Key’s reporting units for purposes of this testing are its major business segments, Community Banking and National Banking. Due to the ongoing uncertainty regarding market conditions, which may continue to negatively impact the performance of Key’s reporting units, management continues to monitor the impairment indicators for goodwill and other intangible assets and to evaluate the carrying amount of these assets, as necessary. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the first quarter of 2009, a review of impairment indicators prompted management to review and evaluate the carrying amount of the goodwill and other intangible assets assigned to Key’s Community Banking and National Banking units. This review indicated that the estimated fair value of the Community Banking unit was greater than its carrying amount, while the estimated fair value of the National Banking unit was less than its carrying amount, reflecting continued weakness in the financial markets and requiring additional impairment testing. Based on the results of additional impairment testing for the National Banking unit, Key recorded an after-tax noncash accounting charge of $187 million, or $.38 per common share, during the first quarter of 2009. Key’s regulatory and tangible capital ratios were not affected by this adjustment. As a result of this charge, Key has now written off all of the goodwill that had been assigned to the National Banking unit. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In April 2009, management made the decision to curtail the operations of Austin Capital Management, Ltd., an investment subsidiary that specializes in managing hedge fund investments for its institutional customer base. As a result of this decision, Key has accounted for this business as a discontinued operation. Of the $187 million impairment charge recorded during the first quarter of 2009, $23 million, or $.05 per common share, is related to the discontinued operation, and thus has been reclassified to “income (loss) from discontinued operations, net of taxes” on the income statement. See Note 3 (“Acquisition and Divestiture”) on page 12 for additional information regarding the Austin Capital Management discontinued operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the second quarter of 2009, based on a review of impairment indicators, management determined that a further review of goodwill and other intangible assets for Key’s Community Banking unit was necessary. This further review indicated that the estimated fair value of the Community Banking unit was greater than its carrying amount at June 30, 2009; therefore, no further impairment testing was required. A review of other intangible assets in the National Banking unit did not identify any impairment of these assets. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Other-than-Temporary Impairments</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">During the second quarter of 2009, Key adopted Staff Position No. FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-than-Temporary Impairments,” which provides new guidance on the recognition and presentation of other-than-temporary impairments (“OTTI”) of debt securities, and requires additional disclosures for both debt and equity securities. In accordance with the guidance, if the amortized cost of a debt security held by Key is greater than its fair value and Key intends to sell it, or more-likely-than-not will be required to sell it, before the expected recovery of the amortized cost, then the entire impairment is recognized in earnings. If Key has no intent to sell the security, or it is more-likely-than-not that Key will not be required to sell it, before expected recovery, then the credit portion of the impairment is recognized in earnings, while the remaining portion attributable to liquidity, interest rate changes, etc. is recognized in equity as a component of “accumulated other comprehensive income” (“AOCI”) on the balance sheet. The credit portion is equal to the difference between the cash flows expected to be collected and the amortized cost basis of the debt security. Additional information regarding this Staff Position is provided in this note under the heading “Accounting Pronouncements Adopted in 2009” and in Note 5 (“Securities”), which begins on page 18. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Noncontrolling Interests</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key’s Principal Investing unit and the Real Estate Capital and Corporate Banking Services line of business have noncontrolling (minority) interests that are accounted for in accordance with SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an Amendment of ARB No. 51.” Key reports noncontrolling interests in subsidiaries as a component of equity on the consolidated balance sheets. “Net loss” on the consolidated statements of income includes the revenues, expenses, gains and losses pertaining to both Key and the noncontrolling interests. The portion of net results attributable to the noncontrolling interests is disclosed separately on the face of Key’s income statements to arrive at the “net loss attributable to Key.” </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Offsetting Derivative Positions</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with FASB Staff Position No. FIN 39-1, “Amendment of FASB Interpretation 39,” and Interpretation No. 39, “Offsetting of Amounts Related to Certain Contracts,” Key takes into account the impact of master netting agreements that allow Key to settle all derivative contracts held with a single counterparty on a net basis and to offset the net derivative position with the related cash collateral when recognizing derivative assets and liabilities. Additional information regarding derivative offsetting is provided in Note 15 (“Derivatives and Hedging Activities”), which begins on page 37. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Accounting Pronouncements Adopted in 2009</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Business combinations. </i></b>In December 2007, the FASB issued SFAS No. 141(R), “Business Combinations.” The new pronouncement requires the acquiring entity in a business combination to recognize only the assets acquired and liabilities assumed in a transaction (e.g., acquisition costs must be expensed when incurred), establishes the fair value at the date of acquisition as the initial measurement for all assets acquired and liabilities assumed, and requires expanded disclosures. SFAS No. 141(R) is effective for fiscal years beginning after December 15, 2008 (effective January 1, 2009, for Key). Early adoption was prohibited. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Noncontrolling interests</i></b>. In December 2007, the FASB issued SFAS No. 160, which requires all entities to report noncontrolling interests in subsidiaries as a component of equity and sets forth other presentation and disclosure requirements. This guidance is effective for fiscal years beginning after December 15, 2008 (effective January 1, 2009, for Key). Early adoption was prohibited. Additional information regarding this guidance is provided in this note under the heading “Noncontrolling Interests.” Adoption of this guidance did not have a material effect on Key’s financial condition or results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Accounting for transfers of financial assets and repurchase financing transactions</i></b>. In February 2008, the FASB issued Staff Position No. FAS 140-3, “Accounting for Transfers of Financial Assets and Repurchase Financing Transactions.” This Staff Position provides guidance on accounting for a transfer of a financial asset and a repurchase financing, and presumes that an initial transfer of a financial asset and a repurchase financing are considered part of the same arrangement (linked transaction) under SFAS No. 140. However, if certain criteria are met, the initial transfer and repurchase financing shall be evaluated separately. Staff Position No. FAS 140-3 is effective for fiscal years beginning after November 15, 2008 (effective January 1, 2009, for Key). Early adoption was prohibited. Adoption of this guidance did not have a material effect on Key’s financial condition or results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Disclosures about derivative instruments and hedging activities</i></b><b>. </b>In March 2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments and Hedging Activities,” which amends and expands the disclosure requirements of SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities.” This guidance requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts, and gains and losses on derivative instruments, and disclosures about credit risk contingent features in derivative agreements. SFAS No. 161 is effective for fiscal years beginning after November 15, 2008 (effective January 1, 2009, for Key). The required disclosures are provided in Note 15. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Determination of the useful life of intangible assets. </i></b>In April 2008, the FASB issued Staff Position No. FAS 142-3, “Determination of the Useful Life of Intangible Assets.” This guidance amends the factors that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized intangible asset under SFAS No. 142, “Goodwill and Other Intangible Assets.” This Staff Position is effective for fiscal years beginning after December 15, 2008 (effective January 1, 2009, for Key). Early adoption was prohibited. Adoption of this guidance did not have a material effect on Key’s financial condition or results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Accounting for convertible debt instruments. </i></b>In May 2008, the FASB issued Staff Position No. APB 14-1, “Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement).” This guidance requires the issuer of certain convertible debt instruments that may be settled in cash (or other assets) on conversion to separately account for the liability (debt) and equity (conversion option) components of the instrument in a manner that reflects the issuer’s nonconvertible debt borrowing rate. This Staff Position is effective for fiscal years beginning after December 15, 2008 (effective January 1, 2009, for Key). Early adoption was prohibited. Key has not issued and does not have any convertible debt instruments outstanding that are subject to the accounting guidance in this Staff Position. Therefore, adoption of this guidance did not have an effect on Key’s financial condition or results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Recognition and presentation of other-than-temporary impairments</i></b>. In April 2009, the FASB issued Staff Position No. FAS 115-2 and FAS 124-2, which provides new guidance on the recognition and presentation of OTTI of debt securities, and requires additional disclosures for both debt and equity securities. This guidance is effective for interim and annual periods ending after June 15, 2009 (effective June 30, 2009, for Key) with early adoption permitted. Additional information regarding this guidance is provided in this note under the heading “Other-than-Temporary Impairments” on page 8 and in Note 5. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Interim disclosures about fair value of financial instruments. </i></b>In April 2009, the FASB issued Staff Position No. FAS 107-1 and APB 28-1, “Interim Disclosures about Fair Value of Financial Instruments.” This guidance amends SFAS No. 107, “Disclosures about Fair Value of Financial Instruments,” and APB Opinion No. 28, “Interim Financial Reporting,” to require disclosures about the fair value of financial instruments in interim financial statements of publicly traded companies. This Staff Position is effective for interim and annual periods ending after June 15, 2009 (effective June 30, 2009, for Key) with early adoption permitted. The required disclosures are provided in Note 16 (“Fair Value Measurements”), which begins on page 44. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Determining fair value when volume and level of activity have significantly decreased and identifying transactions that are not orderly. </i></b>In April 2009, the FASB issued Staff Position No. FAS 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly.” This Staff Position provides additional guidance for: (i) estimating fair value in accordance with SFAS No. 157, “Fair Value Measurements,” when the volume and level of activity for the asset or liability have significantly decreased, and (ii) identifying circumstances that indicate that a transaction is not orderly. This guidance emphasizes that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions (i.e., not a forced liquidation or distressed sale). Staff Position No. FAS 157-4 is effective for interim and annual periods ending after June 15, 2009 (effective June 30, 2009, for Key) with early adoption permitted. Adoption of this accounting guidance did not have a material effect on Key’s financial condition or results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Subsequent events. </i></b>In May 2009, the FASB issued SFAS No. 165, “Subsequent Events,” which provides authoritative accounting literature for a topic that was previously addressed only in the auditing literature. This accounting guidance is similar to the guidance in the auditing literature with some exceptions that will not result in significant changes in practice. SFAS No. 165 is effective on a prospective basis for interim or annual financial periods ending after June 15, 2009 (effective June 30, 2009, for Key). In preparing these financial statements, subsequent events were evaluated through the time the financial statements were issued on August 10, 2009. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Accounting Pronouncements Pending Adoption</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Employers’ disclosures about postretirement benefit plan assets. </i></b>In December 2008, the FASB issued Staff Position No. FAS 132(R)-1, “Employers’ Disclosures about Postretirement Benefit Plan Assets,” which amends SFAS No. 132 (revised 2003), “Employers’ Disclosures about Pensions and Other Postretirement Benefits.” This guidance will require additional disclosures about assets held in an employer’s defined benefit pension or other postretirement plan, including fair values of each major asset category and the levels within the fair value hierarchy as set forth in SFAS No. 157. This Staff Position will be effective for fiscal years ending after December 15, 2009 (effective December 31, 2009, for Key). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>FASB accounting standards codification. </i></b>In June 2009, the FASB issued accounting guidance that establishes the FASB Accounting Standards Codification as the single source of authoritative nongovernmental U.S. generally accepted accounting principles (“GAAP”). As of the effective date, all existing accounting standard documents will be superseded, and all other accounting literature not included in the Codification will be considered non-authoritative. The Codification was launched on July 1, 2009, and will be effective for interim and annual periods ending after September 15, 2009 (effective September 30, 2009, for Key). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Transfers of financial assets. </i></b>In June 2009, the FASB issued SFAS No. 166, which will change the way entities account for securitizations and SPEs by eliminating the concept of a qualifying SPE, changing the requirements for derecognition of financial assets and requiring additional disclosures. This guidance will be effective at the start of an entity’s first fiscal year beginning after November 15, 2009 (effective January 1, 2010, for Key). Management is currently evaluating the impact this guidance may have on Key’s financial condition or results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Consolidation of variable interest entities. </i></b>In June 2009, the FASB issued SFAS No. 167, “Amendments to FASB Interpretation No. 46(R).” In addition to requiring additional disclosures, this guidance changes how a company determines when an entity that is insufficiently capitalized or is not controlled through voting (or similar rights) should be consolidated. The determination of whether a company is required to consolidate an entity is based on, among other things, an entity’s purpose and design, and its ability to direct the activities that most significantly impact the entity’s economic performance. SFAS No. 167 will be effective at the start of a company’s first fiscal year beginning after November 15, 2009 (effective January 1, 2010, for Key). Management is currently evaluating the impact this guidance may have on Key’s financial condition or results of operations. </div> </div> </body> </html>

<html> <head></head> <body>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 10pt; margin-top: 18pt"><b>4. Line of Business Results</b> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Community Banking</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Regional Banking </i></b>provides individuals with branch-based deposit and investment products, personal finance services, and loans, including residential mortgages, home equity and various types of installment loans. This line of business also provides small businesses with deposit, investment and credit products, and business advisory services. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Regional Banking also offers financial, estate and retirement planning, and asset management services to assist high-net-worth clients with their banking, trust, portfolio management, insurance, charitable giving and related needs. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Commercial Banking </i></b>provides midsize businesses with products and services that include commercial lending, cash management, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, derivatives and foreign exchange. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>National Banking</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Real Estate Capital and Corporate Banking Services </i></b>consists of two business units, Real Estate Capital and Corporate Banking Services. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Real Estate Capital is a national business that provides construction and interim lending, permanent debt placements and servicing, equity and investment banking, and other commercial banking products and services to developers, brokers and owner-investors. This unit deals primarily with nonowner-occupied properties (i.e., generally properties in which at least 50% of the debt service is provided by rental income from nonaffiliated third parties). Real Estate Capital emphasizes providing clients with finance solutions through access to the capital markets. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Corporate Banking Services provides cash management, interest rate derivatives, and foreign exchange products and services to clients served by both the Community Banking and National Banking groups. Through its Public Sector and Financial Institutions businesses, Corporate Banking Services also provides a full array of commercial banking products and services to government and not-for-profit entities, and to community banks. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Equipment Finance </i></b>meets the equipment leasing needs of companies worldwide and provides equipment manufacturers, distributors and resellers with financing options for their clients. Lease financing receivables and related revenues are assigned to other lines of business (primarily Institutional and Capital Markets, and Commercial Banking) if those businesses are principally responsible for maintaining the relationship with the client. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Institutional and Capital Markets, </i></b>through its KeyBanc Capital Markets unit, provides commercial lending, treasury management, investment banking, derivatives, foreign exchange, equity and debt underwriting and trading, and syndicated finance products and services to large corporations and middle-market companies. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Through its Victory Capital Management unit, Institutional and Capital Markets also manages or offers advice regarding investment portfolios for a national client base, including corporations, labor unions, not-for-profit organizations, governments and individuals. These portfolios may be managed in separate accounts, common funds or the Victory family of mutual funds. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Consumer Finance </i></b>provides government-guaranteed education loans to students and their parents, and processes tuition payments for private schools. Through its Commercial Floor Plan Lending unit, this line of business also finances inventory for automobile dealers. In October 2008, Consumer Finance exited retail and floor plan lending for marine and recreational vehicle products and began to limit new education loans to those backed by government guarantee. This line of business continues to service existing loans in these portfolios and to honor existing education loan commitments. These actions are consistent with Key’s strategy of de-emphasizing nonrelationship or out-of-footprint businesses. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Other Segments</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Other Segments consist of Corporate Treasury and Key’s Principal Investing unit. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Reconciling Items</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Total assets included under “Reconciling Items” primarily represent the unallocated portion of nonearning assets of corporate support functions. Charges related to the funding of these assets are part of net interest income and are allocated to the business segments through noninterest expense. Reconciling Items also includes intercompany eliminations and certain items that are not allocated to the business segments because they do not reflect their normal operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The table that spans pages 15 and 16 shows selected financial data for each major business group for the three- and six-month periods ended June 30, 2009 and 2008. This table is accompanied by supplementary information for each of the lines of business that make up these groups. The information was derived from the internal financial reporting system that management uses to monitor and manage Key’s financial performance. GAAP guides financial accounting, but there is no authoritative guidance for “management accounting” — the way management uses its judgment and experience to make reporting decisions. Consequently, the line of business results Key reports may not be comparable with line of business results presented by other companies. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The selected financial data are based on internal accounting policies designed to compile results on a consistent basis and in a manner that reflects the underlying economics of the businesses. In accordance with Key’s policies: </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>Net interest income is determined by assigning a standard cost for funds used or a standard credit for funds provided based on their assumed maturity, prepayment and/or repricing characteristics. The net effect of this funds transfer pricing is charged to the lines of business based on the total loan and deposit balances of each line.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>Indirect expenses, such as computer servicing costs and corporate overhead, are allocated based on assumptions regarding the extent to which each line actually uses the services.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>Key’s consolidated provision for loan losses is allocated among the lines of business primarily based on their actual net charge-offs, adjusted periodically for loan growth and changes in risk profile. The amount of the consolidated provision is based on the methodology that management uses to estimate Key’s consolidated allowance for loan losses. This methodology is described in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Allowance for Loan Losses” on page 79 of Key’s 2008 Annual Report to Shareholders.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>Income taxes are allocated based on the statutory federal income tax rate of 35% (adjusted for tax-exempt interest income, income from corporate-owned life insurance and tax credits associated with investments in low-income housing projects) and a blended state income tax rate (net of the federal income tax benefit) of 2.5%.</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>Capital is assigned based on management’s assessment of economic risk factors (primarily credit, operating and market risk) directly attributable to each line.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Developing and applying the methodologies that management uses to allocate items among Key’s lines of business is a dynamic process. Accordingly, financial results may be revised periodically to reflect accounting enhancements, changes in the risk profile of a particular business or changes in Key’s organizational structure. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Three months ended June 30,</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Community Banking</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>National Banking</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>SUMMARY OF OPERATIONS</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income (expense) (TE) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>397</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">433</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>282</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(471</td> <td nowrap="nowrap">) <sup style="font-size: 85%; vertical-align: text-top">(c)</sup></td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest income </div></td> <td> </td> <td> </td> <td align="right"><b>195</b></td> <td> </td> <td> </td> <td> </td> <td align="right">221</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>265</b></td> <td> </td> <td> </td> <td> </td> <td align="right">338</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenue (TE) <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>592</b></td> <td> </td> <td> </td> <td> </td> <td align="right">654</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>547</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(133</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>187</b></td> <td> </td> <td> </td> <td> </td> <td align="right">44</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>662</b></td> <td> </td> <td> </td> <td> </td> <td align="right">609</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation and amortization expense </div></td> <td> </td> <td> </td> <td align="right"><b>37</b></td> <td> </td> <td> </td> <td> </td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>62</b></td> <td> </td> <td> </td> <td> </td> <td align="right">71</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other noninterest expense </div></td> <td> </td> <td> </td> <td align="right"><b>460</b></td> <td> </td> <td> </td> <td> </td> <td align="right">409</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>296</b></td> <td> </td> <td> </td> <td> </td> <td align="right">264</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income from continuing operations before income taxes (TE) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(92</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">165</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(473</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,077</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Allocated income taxes and TE adjustments </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(35</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">62</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(178</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(403</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income from continuing operations </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(57</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">103</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(295</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(674</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Income from discontinued operations, net of taxes </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(57</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">103</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(285</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(672</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Net (loss) income attributable to noncontrolling interests </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(57</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td align="left">$</td> <td align="right">103</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(284</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(672</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> </tr> <tr style="font-size: 10pt"> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>AVERAGE BALANCES</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans and leases </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>28,237</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28,470</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>43,943</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">47,872</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>31,183</b></td> <td> </td> <td> </td> <td> </td> <td align="right">31,414</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>50,998</b></td> <td> </td> <td> </td> <td> </td> <td align="right">56,316</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td align="right"><b>52,689</b></td> <td> </td> <td> </td> <td> </td> <td align="right">49,944</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>13,260</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,287</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>OTHER FINANCIAL DATA</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>87</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">38</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>452</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">486</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity <sup style="font-size: 85%; vertical-align: text-top">(b) </sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(6.81</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">13.28</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(21.41</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(51.37</td> <td nowrap="nowrap">)%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(6.81</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">13.28</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(20.68</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(51.22</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average full-time equivalent employees </div></td> <td> </td> <td> </td> <td align="right"><b>8,656</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,783</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,899</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,582</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Six months ended June 30,</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Community Banking</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>National Banking</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>SUMMARY OF OPERATIONS</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income (expense) (TE) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>807</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">855</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>572</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(131</td> <td nowrap="nowrap">) <sup style="font-size: 85%; vertical-align: text-top">(c)</sup></td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest income </div></td> <td> </td> <td> </td> <td align="right"><b>384</b></td> <td> </td> <td> </td> <td> </td> <td align="right">428</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>508</b></td> <td> </td> <td> </td> <td> </td> <td align="right">433</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenue (TE) <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1,191</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,283</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,080</b></td> <td> </td> <td> </td> <td> </td> <td align="right">302</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>268</b></td> <td> </td> <td> </td> <td> </td> <td align="right">62</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,452</b></td> <td> </td> <td> </td> <td> </td> <td align="right">778</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation and amortization expense </div></td> <td> </td> <td> </td> <td align="right"><b>74</b></td> <td> </td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>126</b></td> <td> </td> <td> </td> <td> </td> <td align="right">143</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other noninterest expense </div></td> <td> </td> <td> </td> <td align="right"><b>893</b></td> <td> </td> <td> </td> <td> </td> <td align="right">797</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>737 </b></td> <td nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top"><b>(c)</b></sup></td> <td> </td> <td> </td> <td align="right">496</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income from continuing operations before income taxes (TE) </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(44</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">350</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,235</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,115</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Allocated income taxes and TE adjustments </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(17</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">131</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(389</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(418</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income from continuing operations </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(27</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">219</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(846</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(697</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Loss (income) from discontinued operations, net of taxes </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(12</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(27</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">219</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(858</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(694</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Net loss attributable to noncontrolling interests </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(3</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(27</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td align="left">$</td> <td align="right">219</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(855</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(694</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 3px double #000000"> </td> <td> </td> </tr> <tr style="font-size: 10pt"> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>AVERAGE BALANCES</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans and leases </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>28,587</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28,278</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>45,064</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">46,017</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>31,564</b></td> <td> </td> <td> </td> <td> </td> <td align="right">31,215</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>52,888</b></td> <td> </td> <td> </td> <td> </td> <td align="right">56,260</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deposits </div></td> <td> </td> <td> </td> <td align="right"><b>52,128</b></td> <td> </td> <td> </td> <td> </td> <td align="right">49,860</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>12,740</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,082</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>OTHER FINANCIAL DATA</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>141</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">68</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>890</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">577</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity <sup style="font-size: 85%; vertical-align: text-top">(b) </sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1.64</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">14.51</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(31.03</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(27.41</td> <td nowrap="nowrap">)%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1.64</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">14.51</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(31.47</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(27.30</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average full-time equivalent employees </div></td> <td> </td> <td> </td> <td align="right"><b>8,771</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,748</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,958</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,659</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>Substantially all revenue generated by Key’s major business groups is derived from clients with residency in the United States. Substantially all long-lived assets, including premises and equipment, capitalized software and goodwill held by Key’s major business groups are located in the United States.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(b)</td> <td> </td> <td>From continuing operations.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(c)</td> <td> </td> <td>National Banking’s results for the first quarter of 2009 include a noncash charge for goodwill and other intangible assets impairment of $196 million ($164 million after tax). During the second quarter of 2008, National Banking’s taxable-equivalent net interest income and net results were reduced by $838 million and $536 million, respectively, as a result of its involvement with certain leveraged lease financing transactions that were challenged by the Internal Revenue Service (“IRS”). National Banking’s taxable-equivalent net interest income and net results were reduced by $34 million and $21 million, respectively, during the first quarter of 2008 as a result of its involvement with these leveraged lease financing transactions.</td> </tr> </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Other Segments</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Total Segments</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Reconciling Items</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Key</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap" valign="top" align="left"><b>$</b></td> <td valign="top" align="right"><b>(48</b></td> <td valign="top" nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" valign="top" align="left">$</td> <td valign="top" align="right">(32</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>631</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(70</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(33</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(30</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>598</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(100</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right"><b>231 </b></td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top"><b>(d)</b></sup></td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">1</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>691</b></td> <td> </td> <td> </td> <td> </td> <td align="right">560</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>24 </b></td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top"><b>(e)</b></sup></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13 </td> <td nowrap="nowrap">) <sup style="font-size: 85%; vertical-align: text-top">(e)</sup></td> <td> </td> <td> </td> <td align="right"><b>715</b></td> <td> </td> <td> </td> <td> </td> <td align="right">547</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>183</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(31</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>1,322</b></td> <td> </td> <td> </td> <td> </td> <td align="right">490</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(9</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(43</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>1,313</b></td> <td> </td> <td> </td> <td> </td> <td align="right">447</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>849</b></td> <td> </td> <td> </td> <td> </td> <td align="right">653</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>850</b></td> <td> </td> <td> </td> <td> </td> <td align="right">647</td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>99</b></td> <td> </td> <td> </td> <td> </td> <td align="right">107</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>99</b></td> <td> </td> <td> </td> <td> </td> <td align="right">107</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>13</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">9</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>769</b></td> <td> </td> <td> </td> <td> </td> <td align="right">682</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(12</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>771</b></td> <td> </td> <td> </td> <td> </td> <td align="right">670</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>170</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(40</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(395</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(952</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(12</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(25</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(407</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(977</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>54</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(25</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(159</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(366</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(15</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">518 </td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">(e)</sup></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(174</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">152</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>116</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(15</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(236</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(586</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(543</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(233</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,129</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>116</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(15</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(226</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(584</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(543</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(223</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,127</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>4</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(1</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="33" nowrap="nowrap" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"><b>$</b></td> <td valign="top" align="right"><b>112</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left">$</td> <td valign="top" align="right">(14</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(229</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(583</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(543</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(226</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,126</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="font-size: 1px"> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"><b> </b></td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"><b> </b></td> </tr> <tr style="font-size: 10pt"> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="40" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"><b>$</b></td> <td valign="top" align="right"><b>148</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left">$</td> <td valign="top" align="right">177</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>72,328</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">76,519</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>53</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">133</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>72,381</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">76,652</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>18,099</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">14,098</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>100,280</b></td> <td> </td> <td> </td> <td> </td> <td align="right">101,828</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>578</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,462</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>100,858</b></td> <td> </td> <td> </td> <td> </td> <td align="right">103,290</td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>1,931</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">3,092</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>67,880</b></td> <td> </td> <td> </td> <td> </td> <td align="right">65,323</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(399</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(191</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>67,481</b></td> <td> </td> <td> </td> <td> </td> <td align="right">65,132</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>539</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">524</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>539</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">524</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>N/M</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">N/M</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(10.32</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(26.62</td> <td nowrap="nowrap">)%</td> <td> </td> <td> </td> <td align="right"><b>N/M</b></td> <td> </td> <td> </td> <td> </td> <td align="right">N/M</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(9.28</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(52.65</td> <td nowrap="nowrap">)%</td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>N/M</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">N/M</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(9.88</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(26.53</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>N/M</b></td> <td> </td> <td> </td> <td> </td> <td align="right">N/M</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(8.89</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(52.56</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>41</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">43</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>11,596</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,408</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5,341</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,756</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>16,937</b></td> <td> </td> <td> </td> <td> </td> <td align="right">18,164</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="40" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Other Segments</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Total Segments</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Reconciling Items</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Key</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap" valign="top" align="left"><b>$</b></td> <td valign="top" align="right"><b>(94</b></td> <td valign="top" nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" valign="top" align="left">$</td> <td valign="top" align="right">(60</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,285</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">664</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(67</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(60</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,218</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">604</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right"><b>198 </b></td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top"><b>(d)</b></sup></td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">56</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>1,090</b></td> <td> </td> <td> </td> <td> </td> <td align="right">917</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>110 </b></td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top"><b>(e)</b></sup></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">154 </td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">(e)</sup></td> <td> </td> <td> </td> <td align="right"><b>1,200</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,071</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>104</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(4</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>2,375</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,581</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>43</b></td> <td> </td> <td> </td> <td> </td> <td align="right">94</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,418</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,675</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>1,720</b></td> <td> </td> <td> </td> <td> </td> <td align="right">840</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>1,725</b></td> <td> </td> <td> </td> <td> </td> <td align="right">834</td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>200</b></td> <td> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>200</b></td> <td> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>23</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">20</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>1,653</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,313</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(41</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(24</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>1,612</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,289</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>81</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(24</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,198</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(789</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>79</b></td> <td> </td> <td> </td> <td> </td> <td align="right">124</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,119</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(665</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>10</b></td> <td valign="top"> </td> <td> </td> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right">(31</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(396</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(318</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(14</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">564 </td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">(e)</sup></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(410</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">246</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>71</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">7</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(802</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(471</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>93</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(440</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(709</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(911</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(12</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(12</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>71</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">7</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(814</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(468</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>93</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(440</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(721</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(908</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td nowrap="nowrap" valign="top" align="left"> </td> <td valign="top" align="right"><b>(4</b></td> <td valign="top" nowrap="nowrap"><b>)</b></td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(7</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(7</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"><b>$</b></td> <td valign="top" align="right"><b>75</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left">$</td> <td valign="top" align="right">7</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(807</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(468</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>93</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(440</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(714</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(908</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="font-size: 1px"> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"><b> </b></td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"> </td> <td> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td valign="top" align="left" style="border-bottom: 3px double #000000"> </td> <td nowrap="nowrap"><b> </b></td> </tr> <tr style="font-size: 10pt"> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="40" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"><b>$</b></td> <td valign="top" align="right"><b>152</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left">$</td> <td valign="top" align="right">207</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>73,803</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">74,502</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>44</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">168</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>73,847</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">74,670</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>17,337</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">14,260</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>101,789</b></td> <td> </td> <td> </td> <td> </td> <td align="right">101,735</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>539</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,588</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>102,328</b></td> <td> </td> <td> </td> <td> </td> <td align="right">103,323</td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>1,841</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">3,947</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>66,709</b></td> <td> </td> <td> </td> <td> </td> <td align="right">65,889</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(271</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(180</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>66,438</b></td> <td> </td> <td> </td> <td> </td> <td align="right">65,709</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">—</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,031</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">645</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,031</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">645</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>N/M</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">N/M</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(17.37</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11.03</td> <td nowrap="nowrap">)%</td> <td> </td> <td> </td> <td align="right"><b>N/M</b></td> <td> </td> <td> </td> <td> </td> <td align="right">N/M</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(13.78</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21.47</td> <td nowrap="nowrap">)%</td> </tr> <tr valign="bottom"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>N/M</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">N/M</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(17.63</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10.96</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>N/M</b></td> <td> </td> <td> </td> <td> </td> <td align="right">N/M</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(14.01</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21.40</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td valign="top" align="left"> </td> <td valign="top" align="right"><b>41</b></td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td valign="top" align="right">43</td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>11,770</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,450</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5,431</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,845</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>17,201</b></td> <td> </td> <td> </td> <td> </td> <td align="right">18,295</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="40" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(d)</td> <td> </td> <td>Other Segments’ results for the second quarter of 2009 include net gains of $125 million ($78 million after tax) in connection with the repositioning of the securities portfolio and a $95 million ($59 million after tax) gain related to the exchange of Key common shares for capital securities.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(e)</td> <td> </td> <td>Reconciling Items for the second quarter of 2009 include a $32 million ($20 million after tax) gain from the sale of Key’s claim associated with the Lehman Brothers’ bankruptcy. For the first quarter of 2009, Reconciling Items include a $105 million ($65 million after tax) gain from the sale of Key’s remaining equity interest in Visa Inc. Reconciling Items for the second quarter of 2008 include a $475 million charge to income taxes for the interest cost associated with the previously disclosed leveraged lease tax litigation. For the first quarter of 2008, Reconciling Items include a $165 million ($103 million after tax) gain from the partial redemption of Key’s equity interest in Visa Inc. and a $17 million charge to income taxes for the interest cost associated with the increase to Key’s tax reserves for certain leveraged lease transactions.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">TE</td> <td colspan=2>= Taxable Equivalent, N/M = Not Meaningful</td> </tr> </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif">  <div align="left" style="font-size: 10pt; margin-top: 6pt">Supplementary information (Community Banking lines of business) </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Three months ended June 30,</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Regional Banking</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Commercial Banking</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenue (TE) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>502</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">552</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>90</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">102</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>165</b></td> <td> </td> <td> </td> <td> </td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>22</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest expense </div></td> <td> </td> <td> </td> <td align="right"><b>447</b></td> <td> </td> <td> </td> <td> </td> <td align="right">397</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>50</b></td> <td> </td> <td> </td> <td> </td> <td align="right">48</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(68</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td> </td> <td> </td> <td align="right">22</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average loans and leases </div></td> <td> </td> <td> </td> <td align="right"><b>19,746</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,626</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,491</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,844</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average deposits </div></td> <td> </td> <td> </td> <td align="right"><b>48,716</b></td> <td> </td> <td> </td> <td> </td> <td align="right">46,253</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,973</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,691</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs </div></td> <td> </td> <td> </td> <td align="right"><b>73</b></td> <td> </td> <td> </td> <td> </td> <td align="right">33</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>14</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs to average loans </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>1.48</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">.68</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>.66</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">.23</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Nonperforming assets at period end </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>245</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>135</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">61</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(11.71</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">14.62</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.29</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">9.92</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average full-time equivalent employees </div></td> <td> </td> <td> </td> <td align="right"><b>8,339</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,453</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>317</b></td> <td> </td> <td> </td> <td> </td> <td align="right">330</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Six months ended June 30,</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Regional Banking</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Commercial Banking</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenue (TE) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,009</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,080</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>182</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">203</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>234</b></td> <td> </td> <td> </td> <td> </td> <td align="right">35</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>34</b></td> <td> </td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest expense </div></td> <td> </td> <td> </td> <td align="right"><b>865</b></td> <td> </td> <td> </td> <td> </td> <td align="right">780</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td> </td> <td align="right">91</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(56</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">166</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>29</b></td> <td> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average loans and leases </div></td> <td> </td> <td> </td> <td align="right"><b>19,875</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,595</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,712</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,683</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average deposits </div></td> <td> </td> <td> </td> <td align="right"><b>48,253</b></td> <td> </td> <td> </td> <td> </td> <td align="right">46,222</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,875</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,638</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs </div></td> <td> </td> <td> </td> <td align="right"><b>126</b></td> <td> </td> <td> </td> <td> </td> <td align="right">62</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>15</b></td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs to average loans </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>1.28</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">.64</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>.35</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">.14</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Nonperforming assets at period end </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>245</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>135</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">61</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(4.90</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">15.47</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>5.80</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">12.15</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average full-time equivalent employees </div></td> <td> </td> <td> </td> <td align="right"><b>8,452</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,417</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>319</b></td> <td> </td> <td> </td> <td> </td> <td align="right">331</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Supplementary information (National Banking lines of business) </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Real Estate Capital and</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Institutional and</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Three months ended June 30,</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Corporate Banking Services</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Equipment Finance</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Capital Markets</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Consumer Finance</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenue (TE) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>183</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">236</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>101</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(696</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>185</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">223</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>78</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">104</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>462</b></td> <td> </td> <td> </td> <td> </td> <td align="right">366</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>72</b></td> <td> </td> <td> </td> <td> </td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>37</b></td> <td> </td> <td> </td> <td> </td> <td align="right">36</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>91</b></td> <td> </td> <td> </td> <td> </td> <td align="right">171</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest expense </div></td> <td> </td> <td> </td> <td align="right"><b>106</b></td> <td> </td> <td> </td> <td> </td> <td align="right">70</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>88</b></td> <td> </td> <td> </td> <td> </td> <td align="right">90</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>120</b></td> <td> </td> <td> </td> <td> </td> <td align="right">124</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>44</b></td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income from continuing operations attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(239</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(125</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(37</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(514</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>18</b></td> <td> </td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(36</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(74</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(239</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(125</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(37</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(514</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>28</b></td> <td> </td> <td> </td> <td> </td> <td align="right">41</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(36</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(74</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average loans and leases </div></td> <td> </td> <td> </td> <td align="right"><b>15,873</b></td> <td> </td> <td> </td> <td> </td> <td align="right">17,086</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,769</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,326</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,388</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,898</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>10,913</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,562</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average loans held for sale </div></td> <td> </td> <td> </td> <td align="right"><b>231</b></td> <td> </td> <td> </td> <td> </td> <td align="right">616</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>40</b></td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>193</b></td> <td> </td> <td> </td> <td> </td> <td align="right">494</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>446</b></td> <td> </td> <td> </td> <td> </td> <td align="right">121</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average deposits </div></td> <td> </td> <td> </td> <td align="right"><b>10,582</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,460</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,332</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,384</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>329</b></td> <td> </td> <td> </td> <td> </td> <td align="right">422</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs </div></td> <td> </td> <td> </td> <td align="right"><b>274</b></td> <td> </td> <td> </td> <td> </td> <td align="right">376</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>46</b></td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>121</b></td> <td> </td> <td> </td> <td> </td> <td align="right">77</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs to average loans </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6.92</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">8.85</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>2.10</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.09</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>.53</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">.25</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.45</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">2.47</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Nonperforming assets at period end </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,460</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">779</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>270</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">105</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>88</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>331</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">82</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(35.84</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23.04</td> <td nowrap="nowrap">)%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(23.71</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(225.69</td> <td nowrap="nowrap">)%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6.33</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">12.52</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(13.53</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(32.14</td> <td nowrap="nowrap">)%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(35.84</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23.04</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(23.74</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(225.69</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>9.85</b></td> <td> </td> <td> </td> <td> </td> <td align="right">13.16</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(13.53</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(32.14</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average full-time equivalent employees <sup style="font-size: 85%; vertical-align: text-top">(b)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>982</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,228</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>732</b></td> <td> </td> <td> </td> <td> </td> <td align="right">867</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>869</b></td> <td> </td> <td> </td> <td> </td> <td align="right">930</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>316</b></td> <td> </td> <td> </td> <td> </td> <td align="right">557</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="20%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Real Estate Capital and</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Institutional and</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Six months ended June 30,</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Corporate Banking Services</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Equipment Finance</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Capital Markets</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Consumer Finance</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenue (TE) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>358</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">319</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>202</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(602</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>355</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">377</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>165</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">208</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>932</b></td> <td> </td> <td> </td> <td> </td> <td align="right">410</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>149</b></td> <td> </td> <td> </td> <td> </td> <td align="right">60</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>69</b></td> <td> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>302</b></td> <td> </td> <td> </td> <td> </td> <td align="right">255</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest expense </div></td> <td> </td> <td> </td> <td align="right"><b>221</b></td> <td> </td> <td> </td> <td> </td> <td align="right">131</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>173</b></td> <td> </td> <td> </td> <td> </td> <td align="right">185</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>323</b></td> <td> </td> <td> </td> <td> </td> <td align="right">224</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>146</b></td> <td> </td> <td> </td> <td> </td> <td align="right">99</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Loss) income from continuing operations attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(508</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(139</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(75</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(529</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(61</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">62</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(199</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(91</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net (loss) income attributable to Key </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(508</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(139</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(75</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(529</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(73</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">65</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(199</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(91</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average loans and leases </div></td> <td> </td> <td> </td> <td align="right"><b>16,218</b></td> <td> </td> <td> </td> <td> </td> <td align="right">16,791</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,929</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,461</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,667</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,765</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>11,250</b></td> <td> </td> <td> </td> <td> </td> <td align="right">11,000</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Average loans held for sale </div></td> <td> </td> <td> </td> <td align="right"><b>250</b></td> <td> </td> <td> </td> <td> </td> <td align="right">803</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>34</b></td> <td> </td> <td> </td> <td> </td> <td align="right">41</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>230</b></td> <td> </td> <td> </td> <td> </td> <td align="right">525</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>480</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,738</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average deposits </div></td> <td> </td> <td> </td> <td align="right"><b>10,286</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,122</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,054</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,422</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>383</b></td> <td> </td> <td> </td> <td> </td> <td align="right">521</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs </div></td> <td> </td> <td> </td> <td align="right"><b>491</b></td> <td> </td> <td> </td> <td> </td> <td align="right">413</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>91</b></td> <td> </td> <td> </td> <td> </td> <td align="right">52</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>56</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>252</b></td> <td> </td> <td> </td> <td> </td> <td align="right">105</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loan charge-offs to average loans </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6.11</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.95</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>2.06</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.00</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>1.30</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">.18</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.52</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.92</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Nonperforming assets at period end </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,460</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">779</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>270</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">105</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>88</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>331</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">82</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(40.06</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13.70</td> <td nowrap="nowrap">)%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(22.64</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(115.38</td> <td nowrap="nowrap">)%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(10.42</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">10.13</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(37.40</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19.91</td> <td nowrap="nowrap">)%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average allocated equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(40.06</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13.70</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(22.64</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(115.38</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(12.46</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">10.62</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(37.40</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19.91</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average full-time equivalent employees <sup style="font-size: 85%; vertical-align: text-top">(b)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1,003</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,230</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>736</b></td> <td> </td> <td> </td> <td> </td> <td align="right">876</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>891</b></td> <td> </td> <td> </td> <td> </td> <td align="right">934</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>328</b></td> <td> </td> <td> </td> <td> </td> <td align="right">619</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="33" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>From continuing operations.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(b)</td> <td> </td> <td>The number of average full-time employees has not been adjusted for discontinued operations.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">TE</td> <td> </td> <td>= Taxable Equivalent</td> </tr> </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> </div> </body> </html>

<html> <head></head> <body>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 10pt; margin-top: 18pt"><b>5. Securities</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Securities available for sale. </i></b>These are securities that Key intends to hold for an indefinite period of time but that may be sold in response to changes in interest rates, prepayment risk, liquidity needs or other factors. Securities available for sale are reported at fair value. Unrealized gains and losses (net of income taxes) deemed temporary are recorded in equity as a component of AOCI on the balance sheet. Unrealized losses on equity securities deemed to be “other-than-temporary” are included in “net securities gains (losses)” on the income statement, as are actual gains and losses resulting from the sales of securities using the specific identification method. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">When Key retains an interest in loans it securitizes, it bears risk that the loans will be prepaid (which would reduce expected interest income) or not be paid at all. Key accounts for these retained interests as debt securities and classifies them as available for sale. Unrealized losses on debt securities deemed to be “other-than-temporary” are included in “net securities gains (loss)” or AOCI in accordance with Staff Position No. FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments,” as further described on page 20 of this note. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">“Other securities” held in the available-for-sale portfolio are primarily marketable equity securities that are traded on a public exchange such as the NYSE or NASDAQ. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Held-to-maturity securities. </i></b>These are debt securities that Key has the intent and ability to hold until maturity. Debt securities are carried at cost, adjusted for amortization of premiums and accretion of discounts using the interest method. This method produces a constant rate of return on the adjusted carrying amount. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">“Other securities” held in the held-to-maturity portfolio consist of foreign bonds, trust preferred securities and preferred equity securities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amortized cost, unrealized gains and losses, and approximate fair value of Key’s securities available for sale and held-to-maturity securities are presented in the following tables. Gross unrealized gains and losses represent the difference between the amortized cost and the fair value of securities on the balance sheet as of the dates indicated. Accordingly, the amount of these gains and losses may change in the future as market conditions change. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif">  <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="15" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Amortized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Cost</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gains</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Losses</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Value</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>SECURITIES AVAILABLE FOR SALE</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury, agencies and corporations </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,710</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,710</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right"><b>85</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>86</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right"><b>8,462</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>99</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>38</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>8,523</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right"><b>1,525</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>74</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,599</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Retained interests in securitizations </div></td> <td> </td> <td> </td> <td align="right"><b>167</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>19</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>186</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right"><b>66</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>6</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>70</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total securities available for sale </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,015</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>199</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>40</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,174</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px DOUBLE #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>HELD-TO-MATURITY SECURITIES</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right"><b>21</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>21</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total held-to-maturity securities </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="15" style="border-bottom: 1px solid #000000"><b>December 31, 2008</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Amortized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Cost</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gains</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Losses</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Value</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>SECURITIES AVAILABLE FOR SALE</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury, agencies and corporations </div></td> <td> </td> <td align="left">$</td> <td align="right">9</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">90</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">91</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">6,380</td> <td> </td> <td> </td> <td> </td> <td align="right">148</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">6,523</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">1,505</td> <td> </td> <td> </td> <td> </td> <td align="right">63</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">1,567</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Retained interests in securitizations </div></td> <td> </td> <td> </td> <td align="right">162</td> <td> </td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">191</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right">71</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> <td> </td> <td> </td> <td align="right">55</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total securities available for sale </div></td> <td> </td> <td align="left">$</td> <td align="right">8,217</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">243</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,437</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px DOUBLE #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>HELD-TO-MATURITY SECURITIES</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total held-to-maturity securities </div></td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="15" style="border-bottom: 1px solid #000000"><b>June 30, 2008</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Amortized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Cost</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gains</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Losses</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Value</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>SECURITIES AVAILABLE FOR SALE</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Treasury, agencies and corporations </div></td> <td> </td> <td align="left">$</td> <td align="right">18</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">18</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">92</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">91</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">6,309</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td align="right">6,350</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">1,583</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">1,584</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Retained interests in securitizations </div></td> <td> </td> <td> </td> <td align="right">153</td> <td> </td> <td> </td> <td> </td> <td align="right">34</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">187</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total securities available for sale </div></td> <td> </td> <td align="left">$</td> <td align="right">8,237</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">119</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">44</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,312</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>HELD-TO-MATURITY SECURITIES</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total held-to-maturity securities </div></td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes Key’s securities available for sale that were in an unrealized loss position as of June 30, 2009, December 31, 2008, and June 30, 2008. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Duration of Unrealized Loss Position</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Less than 12 Months</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>12 Months or Longer</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Total</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Unrealized</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair Value</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Losses</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair Value</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Losses</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair Value</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Losses</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>JUNE 30, 2009</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Securities available for sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">U.S. Treasury, agencies and corporations </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>6</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right"><b>1,660</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>38</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,660</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>38</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right"><b>86</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>97</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>12</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total temporarily impaired securities </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,763</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>39</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>15</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,778</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>40</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>DECEMBER 31, 2008</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Securities available for sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td align="left">$</td> <td align="right">18</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">107</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">360</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">467</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">15</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">18</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right">40</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">45</td> <td> </td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total temporarily impaired securities </div></td> <td> </td> <td align="left">$</td> <td align="right">168</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">381</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">549</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>JUNE 30, 2008</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Securities available for sale: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">U.S. Treasury, agencies and corporations </div></td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">States and political subdivisions </div></td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">70</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Collateralized mortgage obligations </div></td> <td> </td> <td> </td> <td align="right">1,142</td> <td> </td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> <td> </td> <td> </td> <td align="right">400</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">1,542</td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other mortgage-backed securities </div></td> <td> </td> <td> </td> <td align="right">653</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">42</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">695</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other securities </div></td> <td> </td> <td> </td> <td align="right">44</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">45</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total temporarily impaired securities </div></td> <td> </td> <td align="left">$</td> <td align="right">1,916</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">31</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">444</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,360</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">44</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="25" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Of the $40 million of gross unrealized losses at June 30, 2009, $38 million relates to fixed-rate collateralized mortgage obligations, which Key invests in as part of an overall asset/liability management strategy. Since these instruments have fixed interest rates, their fair value is sensitive to movements in market interest rates. During the first half of 2009, interest rates generally increased, so the fair value of these 15 instruments, which had a weighted-average maturity of 3.9 years at June 30, 2009, decreased below their amortized cost. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The unrealized losses within each investment category are considered temporary since Key has the intent to hold the securities until they mature or recover in value, and it is likely that Key will be able to hold these securities through the expected recovery period. Accordingly, these investments have not been reduced to their fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Management regularly assesses Key’s securities portfolio for OTTI. The assessments are based on the nature of the securities, underlying collateral, the financial condition of the issuer, the extent and duration of the loss, Key’s intent related to the securities and the likelihood that Key will be able to hold these securities through the expected recovery period. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Debt securities identified by management to have OTTI are written down to their current fair value. For those debt securities that Key intends to sell, or more-likely-than-not will be required to sell, prior to expected recovery, the entire impairment (i.e., difference between amortized cost and the fair value) is recognized in earnings. For those debt securities that Key does not intend to sell, or it is more-likely-than-not that Key will not be required to sell, prior to expected recovery, the credit portion of OTTI is recognized in earnings, while the remaining amount is recognized in equity as a component of AOCI on the balance sheet. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table shows the OTTI losses recognized by Key during the second quarter of 2009: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="90%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Three months ended June 30, 2009</b></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total OTTI losses recognized on debt securities which Key does not intend to sell or <br /> more-likely-than-not will not be required to sell </div></td> <td> </td> <td align="right">$</td> <td align="right">5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Portion of OTTI losses recognized in AOCI, pre-tax </div></td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Net OTTI losses recognized in earnings for debt securities which Key does not intend <br /> to sell or more-likely-than-not will not be required to sell </div></td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">OTTI losses on equity securities recognized in earnings </div></td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Total OTTI losses recognized in earnings </div></td> <td> </td> <td align="right">$</td> <td align="right">6</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table shows changes in the cumulative credit portion of impairments on debt securities held by Key. All credit-related impairments on debt securities relate to Key’s education loan securitization residual interests. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="90%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Three months ended June 30, 2009</b></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Balance at April 1, 2009</b> </div></td> <td> </td> <td align="right">$</td> <td align="right">2</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impairment recognized in earnings </div></td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Balance at June 30, 2009</b> </div></td> <td> </td> <td align="right">$</td> <td align="right">6</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Realized gains and losses related to securities available for sale were as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="90%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Six months ended June 30, 2009</b></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Realized gains </div></td> <td> </td> <td align="right">$</td> <td align="right">128</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Realized losses </div></td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Net securities gains </div></td> <td> </td> <td align="right">$</td> <td align="right">111</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">At June 30, 2009, securities available for sale and held-to-maturity securities totaling $7.1 billion were pledged to secure public and trust deposits, securities sold under repurchase agreements, and for other purposes required or permitted by law. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following table shows securities by remaining maturity. Collateralized mortgage obligations, other mortgage-backed securities and retained interests in securitizations — all of which are included in the securities available-for-sale portfolio — are presented based on their expected average lives. The remaining securities, including all of those in the held-to-maturity portfolio, 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. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Securities</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7"><b>Held-to-Maturity</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Available for Sale</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Securities</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>June 30, 2009</b></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Amortized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Amortized</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Cost</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Value</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Cost</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Value</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Due in one year or less </div></td> <td> </td> <td align="left">$</td> <td align="right">2,112</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,123</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Due after one through five years </div></td> <td> </td> <td> </td> <td align="right">9,308</td> <td> </td> <td> </td> <td> </td> <td align="right">9,448</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Due after five through ten years </div></td> <td> </td> <td> </td> <td align="right">567</td> <td> </td> <td> </td> <td> </td> <td align="right">574</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Due after ten years </div></td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">12,015</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,174</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">25</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> </div> </body> </html>  <html> <head></head> <body>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 10pt; margin-top: 18pt"><b>6. Loans and Loans Held for Sale</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key’s loans by category are summarized as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>December 31,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial, financial and agricultural </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>23,542</b></td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">27,260</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">25,929</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial real estate: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Commercial mortgage </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>11,761</b></td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">(a)</sup></td> <td> </td> <td> </td> <td align="right">10,819</td> <td> </td> <td> </td> <td> </td> <td align="right">10,737</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Construction </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6,119</b></td> <td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">(a)</sup></td> <td> </td> <td> </td> <td align="right">7,717</td> <td> </td> <td> </td> <td> </td> <td align="right">7,849</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Total commercial real estate loans </div></td> <td> </td> <td> </td> <td align="right"><b>17,880</b></td> <td> </td> <td> </td> <td> </td> <td align="right">18,536</td> <td> </td> <td> </td> <td> </td> <td align="right">18,586</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial lease financing </div></td> <td> </td> <td> </td> <td align="right"><b>8,263</b></td> <td> </td> <td> </td> <td> </td> <td align="right">9,039</td> <td> </td> <td> </td> <td> </td> <td align="right">9,610</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Total commercial loans </div></td> <td> </td> <td> </td> <td align="right"><b>49,685</b></td> <td> </td> <td> </td> <td> </td> <td align="right">54,835</td> <td> </td> <td> </td> <td> </td> <td align="right">54,125</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Real estate — residential mortgage </div></td> <td> </td> <td> </td> <td align="right"><b>1,753</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,908</td> <td> </td> <td> </td> <td> </td> <td align="right">1,928</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Home equity: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Community Banking </div></td> <td> </td> <td> </td> <td align="right"><b>10,256</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,124</td> <td> </td> <td> </td> <td> </td> <td align="right">9,851</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">National Banking </div></td> <td> </td> <td> </td> <td align="right"><b>934</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,051</td> <td> </td> <td> </td> <td> </td> <td align="right">1,153</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Total home equity loans </div></td> <td> </td> <td> </td> <td align="right"><b>11,190</b></td> <td> </td> <td> </td> <td> </td> <td align="right">11,175</td> <td> </td> <td> </td> <td> </td> <td align="right">11,004</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer other — Community Banking </div></td> <td> </td> <td> </td> <td align="right"><b>1,199</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,233</td> <td> </td> <td> </td> <td> </td> <td align="right">1,261</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Consumer other — National Banking: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Marine </div></td> <td> </td> <td> </td> <td align="right"><b>3,095</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,401</td> <td> </td> <td> </td> <td> </td> <td align="right">3,634</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Education </div></td> <td> </td> <td> </td> <td align="right"><b>3,636</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,669</td> <td> </td> <td> </td> <td> </td> <td align="right">3,584</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>245</b></td> <td> </td> <td> </td> <td> </td> <td align="right">283</td> <td> </td> <td> </td> <td> </td> <td align="right">319</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Total consumer other — National Banking </div></td> <td> </td> <td> </td> <td align="right"><b>6,976</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,353</td> <td> </td> <td> </td> <td> </td> <td align="right">7,537</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Total consumer loans </div></td> <td> </td> <td> </td> <td align="right"><b>21,118</b></td> <td> </td> <td> </td> <td> </td> <td align="right">21,669</td> <td> </td> <td> </td> <td> </td> <td align="right">21,730</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Total loans </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>70,803</b></td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">76,504</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">75,855</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>In late March 2009, Key transferred $1.5 billion of loans from the construction portfolio to the commercial mortgage portfolio in accordance with regulatory guidelines pertaining to the classification of loans that have reached a completed status.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key uses interest rate swaps to manage interest rate risk; these swaps modify the repricing characteristics of certain loans. For more information about such swaps, see Note 15 (“Derivatives and Hedging Activities”), which begins on page 37. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key’s loans held for sale by category are summarized as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>December 31,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial, financial and agricultural </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>   51</b></td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">   102</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">   212</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Real estate — commercial mortgage </div></td> <td> </td> <td> </td> <td align="right"><b>288</b></td> <td> </td> <td> </td> <td> </td> <td align="right">273</td> <td> </td> <td> </td> <td> </td> <td align="right">994</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Real estate — construction </div></td> <td> </td> <td> </td> <td align="right"><b>146</b></td> <td> </td> <td> </td> <td> </td> <td align="right">164</td> <td> </td> <td> </td> <td> </td> <td align="right">398</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial lease financing </div></td> <td> </td> <td> </td> <td align="right"><b>30</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">42</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Real estate — residential mortgage </div></td> <td> </td> <td> </td> <td align="right"><b>245</b></td> <td> </td> <td> </td> <td> </td> <td align="right">77</td> <td> </td> <td> </td> <td> </td> <td align="right">79</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Education </div></td> <td> </td> <td> </td> <td align="right"><b>148</b></td> <td> </td> <td> </td> <td> </td> <td align="right">401</td> <td> </td> <td> </td> <td> </td> <td align="right">103</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Automobile </div></td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total loans held for sale </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>909</b></td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">1,027</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">1,833</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Changes in the allowance for loan losses are summarized as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three months ended June 30,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Six months ended June 30,</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,186</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,298</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,803</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,200</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Charge-offs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(578</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(554</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,098</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(702</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Recoveries </div></td> <td> </td> <td> </td> <td align="right"><b>39</b></td> <td> </td> <td> </td> <td> </td> <td align="right">30</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>67</b></td> <td> </td> <td> </td> <td> </td> <td align="right">57</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Net loans charged off </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(539</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(524</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,031</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(645</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for loan losses </div></td> <td> </td> <td> </td> <td align="right"><b>850</b></td> <td> </td> <td> </td> <td> </td> <td align="right">647</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,725</b></td> <td> </td> <td> </td> <td> </td> <td align="right">834</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Allowance related to loans acquired, net </div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">32</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Foreign currency translation adjustment </div></td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,499</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,421</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,499</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,421</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Changes in the liability for credit losses on lending-related commitments are summarized as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three months ended June 30,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Six months ended June 30,</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>54</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">53</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>54</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">80</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision (credit) for losses on lending-related commitments </div></td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(29</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period <sup style="font-size: 85%; vertical-align: text-top">(a)</sup> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>65</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">51</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>65</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">51</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>Included in “accrued expense and other liabilities” on the consolidated balance sheet.</td> </tr> </table> </div> </div> </body> </html>  <html> <head></head> <body>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 10pt; margin-top: 18pt"><b>7. Loan Securitizations and Mortgage Servicing Assets</b> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Retained Interests in Loan Securitizations</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">A securitization involves the sale of a pool of loan receivables to investors through either a public or private issuance (generally by a qualifying SPE) of asset-backed securities. Generally, the assets are transferred to a trust that sells interests in the form of certificates of ownership. In previous years, Key sold education loans in securitizations; however, Key has not securitized any education loans since 2006 due to unfavorable market conditions. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">When Key sells loans in securitizations, Key records a gain or loss when the net sale proceeds and residual interests, if any, differ from the loans’ allocated carrying amount. Gains or losses resulting from securitizations are recorded as one component of “net (losses) gains from loan securitizations and sales” on the income statement. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">A servicing asset is recorded if Key purchases or retains the right to service securitized loans, and receives servicing fees that exceed the going market rate. Key generally retains an interest in securitized loans in the form of an interest-only strip, residual asset, servicing asset or security. Key’s mortgage servicing assets are discussed under the heading “Mortgage Servicing Assets” on page 25. All other retained interests are accounted for as debt securities and classified as securities available for sale. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with Revised Interpretation No. 46, “Consolidation of Variable Interest Entities,” qualifying SPEs, including securitization trusts, established by Key under SFAS No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,” are exempt from consolidation. In June 2009, the FASB issued SFAS No. 166, “Accounting for Transfers of Financial Assets, an amendment of FASB Statement No. 140.” This guidance will change the way entities account for securitizations and SPEs. Information related to Revised Interpretation No. 46 is included in Note 1 (“Basis of Presentation”), which begins on page 7. For additional information regarding SFAS No. 166, which is effective January 1, 2010, for Key, see Note 1 under the heading “Accounting Pronouncements Pending Adoption” <br /> on page 11. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">Management uses certain assumptions and estimates to determine the fair value to be allocated to retained interests at the date of transfer and at subsequent measurement dates. Primary economic assumptions used to measure the fair value of Key’s retained interests in education loans and the sensitivity of the current fair value of residual cash flows to immediate adverse changes in those assumptions at June 30, 2009, are as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in millions</i></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of retained interests </div></td> <td> </td> <td align="left">$</td> <td align="right">187</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted-average life (years) </div></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right">.8 - 6.6</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>PREPAYMENT SPEED ASSUMPTIONS (ANNUAL RATE)</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td nowrap="nowrap" align="right">4.00% - 26.00</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 1% CPR adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 10% CPR adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(54</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>EXPECTED CREDIT LOSSES (STATIC RATE)</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td nowrap="nowrap" align="right">2.00% - 80.00</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 5% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 10% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(24</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>RESIDUAL CASH FLOWS DISCOUNT RATE (ANNUAL RATE)</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td nowrap="nowrap" align="right">8.50% - 14.00</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 2% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(30</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 5% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(49</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>EXPECTED STATIC DEFAULT (STATIC RATE)</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td nowrap="nowrap" align="right">3.75% - 33.00</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 1% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(9</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Impact on fair value of 10% adverse change </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(115</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>VARIABLE RETURNS TO TRANSFEREES</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"> </td> <td nowrap="nowrap">(a)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">These sensitivities are hypothetical and should be relied upon with caution. Sensitivity analysis is based on the nature of the asset, the seasoning (i.e., age and payment history) of the portfolio and historical results. Changes in fair value based on a 1% variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may cause changes in another. For example, increases in market interest rates may result in lower prepayments and increased credit losses, which might magnify or counteract the sensitivities. </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>Forward London Interbank Offered Rate (“LIBOR”) plus contractual spread over LIBOR ranging from .00% to 1.30%.</td> </tr> <tr style="font-size: 3pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">CPR</td> <td> </td> <td>= Constant Prepayment Rate</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value measurement of Key’s mortgage servicing assets is described under the heading “Mortgage Servicing Assets” on page 25. Management conducts a quarterly review of the fair values of its other retained interests. The historical performance of each retained interest and the assumptions used to project future cash flows are reviewed, assumptions are revised and present values of cash flows are recalculated, as appropriate. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The present values of cash flows represent the fair value of the retained interests. If the fair value of a retained interest exceeds its carrying amount, the increase in fair value is recorded in equity as a component of AOCI on the balance sheet. Conversely, if the carrying amount of a retained interest exceeds its fair value, impairment is indicated. If Key intends to sell the retained interest, or more-likely-than-not will be required to sell it, before the expected recovery of the amortized cost, then the entire impairment is recognized in earnings. If Key does not have the intent to sell it, or it is more-likely-than-not that Key will not be required to sell it, before expected recovery, then the credit portion of the impairment is recognized in earnings, while the remaining portion is recognized in AOCI. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the relationship between the education loans Key manages and those held in the loan portfolio. Managed loans include those held in portfolio and those securitized and sold, but still serviced by Key. Related delinquencies and net credit losses are also presented. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Net Credit Losses</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>June 30, 2009</b></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Loan</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Loans Past Due</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>For the Six</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Principal</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>60 days or More</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>Months Ended</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Education loans managed </div></td> <td> </td> <td align="left">$</td> <td align="right">7,820</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">253</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">123</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Loans securitized </div></td> <td> </td> <td> </td> <td align="right">4,036</td> <td> </td> <td> </td> <td> </td> <td align="right">156</td> <td> </td> <td> </td> <td> </td> <td align="right">54</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:45px; text-indent:-15px">Loans held for sale or securitization </div></td> <td> </td> <td> </td> <td align="right">148</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Loans held in portfolio </div></td> <td> </td> <td align="left">$</td> <td align="right">3,636</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">91</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">69</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Mortgage Servicing Assets</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Key originates and periodically sells commercial mortgage loans but continues to service those loans for the buyers. Key also may purchase the right to service commercial mortgage loans for other lenders. Changes in the carrying amount of mortgage servicing assets are summarized as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Six months ended June 30,</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>242</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">313</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Servicing retained from loan sales </div></td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases </div></td> <td> </td> <td> </td> <td align="right"><b>15</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Amortization </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(27</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(53</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>234</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">272</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value at end of period </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>403</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">426</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px double #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of mortgage servicing assets is determined by calculating the present value of future cash flows associated with servicing the loans. This calculation uses a number of assumptions that are based on current market conditions. Primary economic assumptions used to measure the fair value of Key’s mortgage servicing assets at June 30, 2009 and 2008, are: </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>prepayment speed generally at an annual rate of 0.00% to 25.00%;</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>expected credit losses at a static rate of 2.00%; and</td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left"><font face="symbol">¨</font></td> <td width="1%"> </td> <td>residual cash flows discount rate of 8.50% to 15.00%.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Changes in these assumptions could cause the fair value of mortgage servicing assets to change in the future. The volume of loans serviced and expected credit losses are critical to the valuation of servicing assets. A 1.00% increase in the assumed default rate of commercial mortgage loans at June 30, 2009, would cause a $9 million decrease in the fair value of Key’s mortgage servicing assets. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Contractual fee income from servicing commercial mortgage loans totaled $34 million and $32 million for the six-month periods ended June 30, 2009 and 2008, respectively. Key has elected to remeasure servicing assets using the amortization method. The amortization of servicing assets is determined in proportion to, and over the period of, the estimated net servicing income. The amortization of servicing assets for each period, as shown in the preceding table, is recorded as a reduction to fee income. Both the contractual fee income and the amortization are recorded in “other income” on the income statement. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Servicing assets are evaluated quarterly for possible impairment. This process involves classifying the assets based on the types of loans serviced and their associated interest rates, and determining the fair value of each class. If the evaluation indicates that the carrying amount of the servicing assets exceeds their fair value, the carrying amount is reduced through a charge to income in the amount of such excess. For the six-month periods ended June 30, 2009 and 2008, no servicing asset impairment occurred. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> </div> </body> </html>

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