Long-Term Debt

12 Months Ended

Dec. 31, 2013

Long-Term Debt

Long-Term Debt

NOTE 9. Long-Term Debt

			December 31,
			2013		2012
			(Dollars in millions)
BB&T Corporation:
	3.38% Senior Notes Due 2013		$	―	$	500
	5.70% Senior Notes Due 2014			510		510
	2.05% Senior Notes Due 2014			700		700
	Floating Rate Senior Note Due 2014 (LIBOR-based, 0.94% at December 31, 2013)			300		300
	3.95% Senior Notes Due 2016			500		500
	3.20% Senior Notes Due 2016			999		999
	2.15% Senior Notes Due 2017			749		748
	1.60% Senior Notes Due 2017			749		749
	1.45% Senior Notes Due 2018			500		499
	Floating Rate Senior Notes Due 2018 (LIBOR-based, 1.10% at December 31, 2013)			400		―
	2.05% Senior Notes Due 2018			599		―
	6.85% Senior Notes Due 2019			539		539
	5.20% Subordinated Notes Due 2015			933		933
	4.90% Subordinated Notes Due 2017			349		345
	5.25% Subordinated Notes Due 2019			586		586
	3.95% Subordinated Notes Due 2022			298		298
Branch Bank:
	Floating Rate Senior Note Due 2015 (LIBOR-based, 0.57% at December 31, 2013)			650		―
	1.45% Senior Notes Due 2016			750		―
	Floating Rate Senior Notes Due 2016 (LIBOR-based, 0.67% at December 31, 2013)			500		―
	1.05% Senior Notes Due 2016			499		―
	2.30% Senior Notes Due 2018			750		―
	4.88% Subordinated Notes Due 2013			―		222
	5.63% Subordinated Notes Due 2016			386		386
	Floating Rate Subordinated Note Due 2016 (LIBOR-based, 0.56% at December 31, 2013)			350		350
	Floating Rate Subordinated Note Due 2017 (LIBOR-based, 0.54% at December 31, 2013)			262		262
FHLB Advances to Branch Bank:
	Varying maturities to 2034			8,110		8,994
Other Long-Term Debt				101		100
Fair value hedge-related basis adjustments				424		594
		Total Long-Term Debt	$	21,493	$	19,114

The subordinated notes qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.Certain of the FHLB advances have been swapped to floating rates from fixed rates or from fixed rates to floating rates. At December 31, 2013, the weighted average rate paid on these advances including the effect of the swapped portion was 3.79%, and the weighted average maturity was 6.6 years.

The following table presents the amounts and estimated effective rates of long-term debt, including the effect of hedges (carrying amount excludes fair value hedge-related basis adjustments):

	Carrying		Effective
	Amount		Rate
	(Dollars in millions)
BB&T Corporation Fixed Rate Senior Notes swapped to floating rates	$	5,845	2.55	%
BB&T Corporation Floating Rate Senior Notes swapped to fixed rates		700	1.03
BB&T Corporation Fixed Rate Subordinated Notes swapped to floating rates		2,166	2.44
Branch Bank Fixed Rate Senior Notes swapped to floating rates		1,999	1.62
Branch Bank Floating Rate Senior Notes swapped to fixed rates		1,150	0.61
Branch Bank Fixed Rate Subordinated Notes swapped to floating rates		386	1.70
Branch Bank Floating Rate Subordinated Notes swapped to fixed rates		612	2.53

												2019
	2014		2015		2016		2017		2018		and later
		(Dollars in millions)
Future debt maturities (excluding capital leases)	$	2,141	$	1,693	$	5,650	$	2,453	$	2,289	$	7,226