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Consolidated Balance Sheets (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
ASSETS      
Cash and due from banks $ 853 $ 278 $ 591
Short-term investments 4,563 1,344 1,984
Trading account assets 769 985 1,014
Securities available for sale 18,680 21,933 19,773
Held-to-maturity securities (fair value: $19, $17 and $19) 19 17 19
Other investments 1,195 1,358 1,415
Loans, net of unearned income of $1,460, $1,572 and $1,641 47,840 50,107 53,334
Less: Allowance for loan and lease losses 1,230 1,604 2,219
Net loans 46,610 48,503 51,115
Loans held for sale 381 467 699
Premises and equipment 919 908 872
Operating lease assets 453 509 589
Goodwill 917 917 917
Other intangible assets 19 21 42
Corporate-owned life insurance 3,208 3,167 3,109
Derivative assets 900 1,006 1,153
Accrued income and other assets (including $91 of consolidated LIHTC guaranteed funds VIEs, see Note 9)(a) 2,968 [1] 3,876 [1] 4,061 [1]
Discontinued assets (including $3,134 of consolidated education loan securitization trust VIEs at fair value, see Note 9)(a) 6,328 [1] 6,554 [1] 6,814 [1]
Total assets 88,782 91,843 94,167
Deposits in domestic offices:      
NOW and money market deposit accounts 26,277 27,066 25,526
Savings deposits 1,973 1,879 1,883
Certificates of deposit ($100,000 or more) 4,939 5,862 8,476
Other time deposits 7,167 8,245 10,430
Total interest-bearing 40,356 43,052 46,315
Noninterest-bearing 19,318 16,653 15,226
Deposits in foreign office - interest-bearing 736 905 834
Total deposits 60,410 60,610 62,375
Federal funds purchased and securities sold under repurchase agreements 1,668 2,045 2,836
Bank notes and other short-term borrowings 511 1,151 819
Derivative liabilities 991 1,142 1,321
Accrued expense and other liabilities 1,518 1,931 2,154
Long-term debt 10,997 10,592 10,451
Discontinued liabilities (including $2949 of consolidated education loan securitization trust VIEs at fair value, see Note 9)(a) 2,950 [1] 2,998 [1] 3,139 [1]
Total liabilities 79,045 80,469 83,095
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Common shares, $1 par value; authorized 1,400,000,000 shares; issued 1,016,969,905, 946,348,435 and 946,348,435 shares 1,017 946 946
Common stock warrant 0 87 87
Capital surplus 4,191 3,711 3,701
Retained earnings 5,926 5,557 5,118
Treasury stock, at cost (63,147,538, 65,740,726 and 65,833,721) (1,815) (1,904) (1,914)
Accumulated other comprehensive income (loss) 109 (17) 153
Key shareholders' equity 9,719 11,117 10,820
Noncontrolling interests 18 257 252
Total equity 9,737 11,374 11,072
Total liabilities and equity 88,782 91,843 94,167
Preferred Stock
     
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Total equity 291 2,737 2,729
Series A Preferred Stock
     
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Preferred stock 291 291 291
Series B Preferred Stock
     
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Preferred stock $ 0 $ 2,446 $ 2,438
[1] The assets of the VIEs can only be used by the particular VIE and there is no recourse to Key with respect to the liabilities of the consolidated education loan securitization trust VIEs for LIHTC.