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Restrictions on Cash, Dividends and Lending Activities | 12 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Restrictions on Cash, Dividends, and Lending Activities | 3. Restrictions on Cash, Dividends, and Lending Activities Federal law requires a depository institution to maintain a prescribed amount of cash or deposit reserve balances with its Federal Reserve Bank. KeyBank maintained average reserve balances aggregating $377 million in 2019 to fulfill these requirements. Currently KeyBank meets the required reserve balances with vault cash, therefore any cash on deposit at the Federal Reserve is not restricted. Capital distributions from KeyBank and other subsidiaries are our principal source of cash flows for paying dividends on our common and preferred shares, servicing our debt, and financing corporate operations. Federal banking law limits the amount of capital distributions that a bank can make to its holding company without prior regulatory approval. A national bank’s dividend-paying capacity is affected by several factors, including net profits (as defined by statute) for the previous two calendar years and for the current year, up to the date the dividend is declared. During 2019, KeyBank paid $1.2 billion in dividends to KeyCorp. At January 1, 2020, KeyBank had regulatory capacity to pay $920 million in dividends to KeyCorp without prior regulatory approval. At December 31, 2019, KeyCorp held $3.8 billion in cash and short-term investments, which can be used to pay dividends to shareholders, service debt, and finance corporate operations.

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- Definition The entire disclosure for a banking or savings institution's compliance during the year with (a) federal and state laws and regulations relative to dividend restrictions and (b) federal laws and regulations relative to insider loans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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