After NY push, KeyCorp to post political spending

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ALBANY, N.Y. (AP) -- The New York comptroller says KeyCorp has agreed to disclose all its corporate political spending with annual reporting on its website.

Comptroller Thomas DiNapoli, trustee of the pension fund for state and municipal workers, said the agreement was reached in December with the Cleveland-based commercial banking company stemming from a shareholder resolution his office filed for 2013.

The pension fund has 5.1 million KeyCorp shares worth about $46.4 million.

Its Key Bank subsidiary sells services to the state, operating its primary checking account for issuing all payroll and vendor checks.

The comptroller's office filed 27 similar shareholder resolutions in 2011 and 2012, reaching agreement with 10 other companies.

DiNapoli has filed 26 of those resolutions for 2013.