Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Financial Instruments

Schedule of derivative financial instruments and related hedged items

							December 31, 2013						December 31, 2012
						Hedged Item or	Notional		Fair Value				Notional		Fair Value
						Transaction	Amount		Gain		Loss		Amount		Gain		Loss
							(Dollars in millions)
Cash flow hedges:
	Interest rate contracts:
		Pay fixed swaps				3 mo. LIBOR funding	$	4,300	$	―	$	(203)	$	6,035	$	―	$	(298)
Fair value hedges:
	Interest rate contracts:
		Receive fixed swaps and option trades				Long-term debt		6,822		102		(3)		800		182		―
		Pay fixed swaps				Commercial loans		178		―		(3)		187		―		(7)
		Pay fixed swaps				Municipal securities		345		―		(83)		345		―		(153)
				Total				7,345		102		(89)		1,332		182		(160)
Not designated as hedges:
	Client-related and other risk management:
		Interest rate contracts:
			Receive fixed swaps					8,619		370		(37)		9,352		687		―
			Pay fixed swaps					8,401		31		(396)		9,464		―		(717)
			Other					2,010		8		(10)		3,400		24		(28)
		Foreign exchange contracts						384		2		(3)		534		4		(3)
				Total				19,414		411		(446)		22,750		715		(748)
	Mortgage banking:
		Interest rate contracts:
			Interest rate lock commitments					1,869		3		(14)		6,064		55		(1)
			When issued securities, forward rate agreements and forward
				commitments				3,100		34		(7)		8,886		10		(19)
			Other					531		8		(7)		215		6		(2)
				Total				5,500		45		(28)		15,165		71		(22)
	MSRs:
		Interest rate contracts:
			Receive fixed swaps					6,139		36		(141)		5,178		110		(27)
			Pay fixed swaps					5,449		89		(29)		5,389		7		(94)
			Option trades					9,415		181		(31)		14,510		363		(88)
			Futures contracts					―		―		―		30		―		―
			When issued securities, forward rate agreements and forward
				commitments				1,756		―		(3)		2,406		2		―
				Total				22,759		306		(204)		27,513		482		(209)
					Total nonhedging derivatives			47,673		762		(678)		65,428		1,268		(979)
Total derivatives							$	59,318		864		(970)	$	72,795		1,450		(1,437)
Gross amounts not offset in the Consolidated Balance Sheets:
	Amounts subject to master netting arrangements not offset due to policy election									(514)		514				(797)		797
	Cash collateral (received) posted									(44)		386				(41)		607
		Net amount							$	306	$	(70)			$	612	$	(33)

The effect of derivative instruments on the consolidated statements of income

				Effective Portion
				Pre-tax Gain (Loss)						Location of		Pre-tax Gain (Loss) Reclassified
				Recognized in OCI						Amounts Reclassified		from AOCI into Income
				2013		2012		2011		from AOCI into Income		2013		2012		2011
					(Dollars in millions)
Cash Flow Hedges:
	Interest rate contracts			$	204	$	(84)	$	(225)	Total interest income		$	―	$	11	$	26
										Total interest expense			(77)		(72)		(72)
												$	(77)	$	(61)	$	(46)
												Pre-tax Gain (Loss)
										Location of Amounts		Recognized in Income
										Recognized in Income		2013		2012		2011
											(Dollars in millions)
Fair Value Hedges:
	Interest rate contracts									Total interest income		$	(21)	$	(21)	$	(21)
										Total interest expense			141		288		314
												$	120	$	267	$	293
Not Designated as Hedges:
	Client-related and other risk management:
			Interest rate contracts							Other income		$	26	$	35	$	10
			Foreign exchange contracts							Other income			11		9		6
	Mortgage Banking:
		Interest rate contracts								Mortgage banking income			(27)		59		(70)
	MSRs:
		Interest rate contracts								Mortgage banking income			(197)		128		394
												$	(187)	$	231	$	340

Deferred Gains and Losses From Hedges

				December 31,
				2013			2012
				(Dollars in millions)
	Cash flow hedges:
		Net unrecognized after-tax gain (loss), including both active and terminated
			hedges, on derivatives classified as cash flow hedges recorded in OCI	$	2		$	(173)
		Estimated after-tax gain (loss) to be reclassified from OCI into earnings during the
			next 12 months, including active hedges and hedges that were terminated early for which the forecasted transactions are still probable		(50)			(37)
		Maximum length of time over which the entity has hedged a portion of its
			variability in future cash flows for forecasted transactions excluding those transactions relating to the payment of variable interest on existing financial instruments.		7	yrs		―	yrs
The following table presents information about BB&T's terminated hedge activity:
				Year Ended December 31,
				2013			2012
				(Dollars in millions)
	Cash flow hedges:
		Pre-tax deferred gain from terminated cash flow hedges recorded in OCI		$	198		$	―
	Fair value hedges:
		Pre-tax deferred gain from terminated fair value hedges related to long-term debt			―			85
		Pre-tax reduction of interest expense recognized from previously
			unwound fair value debt hedges		89			256

Schedule Of Derivative Instruments Summary Of Collateral Positions With Counterparties

		December 31,
		2013		2012
		(Dollars in millions)
Cash collateral received from dealer counterparties		$	44	$	44
Derivatives in a net gain position secured by that collateral			46		42
Unsecured positions in a net gain with dealer counterparties after collateral postings			3		―
Cash collateral posted to dealer counterparties			356		603
Derivatives in a net loss position secured by that collateral			357		610
Additional collateral that would have been posted had BB&T's credit ratings
	dropped below investment grade		4		10
Cash collateral, including initial margin, posted to central clearing parties			43		111
Derivatives in a net loss position secured by that collateral			43		7
Securities pledged to central clearing parties			82		―