Exhibit



	Year ended December 31,
	2016		2015		2014			2013		2012
Computation of Earnings
Net income (loss) attributable to Key	$	791	$	916	$	900		$	910	$	858
Add: Provision for income taxes	179		303		326			271		231
Less: Income (loss) from discontinued operations, net of taxes	1		1		(39		)	40		23
Income (loss) before income taxes and cumulative effect of accounting change	969		1,218		1,265			1,141		1,066
Fixed charges, excluding interest on deposits	246		185		160			154		200
Total earnings for computation, excluding interest on deposits	1,215		1,403		1,425			1,295		1,266
Interest on deposits	171		105		117			158		257
Total earnings for computation, including interest on deposits	$	1,386	$	1,508	$	1,542		$	1,453	$	1,523
Computation of Fixed Charges
Net rental expense	$	110	$	104	$	104		$	111	$	109
Portion of net rental expense deemed representative of interest	$	17	$	16	$	16		$	17	$	16
Interest on short-term borrowed funds	11		9		11			10		11
Interest on long-term debt	218		160		133			127		173
Total fixed charges, excluding interest on deposits	246		185		160			154		200
Interest on deposits	171		105		117			158		257
Total fixed charges, including interest on deposits	$	417	$	290	$	277		$	312	$	457
Combined Fixed Charges and Preferred Stock Dividends
Preferred stock dividend requirement on a pre-tax basis	$	37	$	23	$	22		$	23	$	22
Total fixed charges, excluding interest on deposits	246		185		160			154		200
Combined fixed charges and preferred stock dividends, excluding interest on deposits	283		208		182			177		222
Interest on deposits	171		105		117			158		257
Combined fixed charges and preferred stock dividends, including interest on deposits	$	454	$	313	$	299		$	335	$	479
Ratio of Earnings to Fixed Charges
Excluding deposit interest	4.94		7.58		8.91			8.41		6.33
Including deposit interest	3.32		5.20		5.57			4.66		3.33
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Excluding deposit interest	4.29		6.75		7.83			7.32		5.70
Including deposit interest	3.05		4.82		5.16			4.34		3.18