During January 2014, approximately $8.3 billion of nonguaranteed, closed-end, first and second lien position residential mortgage loans, along with the related allowance, were transferred from direct retail lending to residential mortgage to facilitate compliance with a series of new rules related to mortgage servicing associated with first and second lien position mortgages collateralized by real estate.

During March 2014, the CRE loan categories were realigned into CRE – income producing properties and CRE – construction and development in order to better reflect the nature of the underlying loans. Prior period data has been reclassified to conform to this new presentation.

			Accruing
							90 Days Or
					30-89 Days		More Past
June 30, 2014			Current		Past Due		Due		Nonaccrual		Total

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	39,999	$	21	$	―	$	298	$	40,318
	CRE - income producing properties			10,347		7		―		84		10,438
	CRE - construction and development			2,594		2		―		38		2,634
	Other lending subsidiaries			4,713		11		―		5		4,729
Retail:
	Direct retail lending			7,696		41		11		49		7,797
	Revolving credit			2,363		20		8		―		2,391
	Residential mortgage-nonguaranteed			30,796		513		80		320		31,709
	Residential mortgage-government guaranteed			324		90		677		―		1,091
	Sales finance			10,348		49		3		5		10,405
	Other lending subsidiaries			6,130		186		―		42		6,358
Covered				1,320		84		249		―		1,653
		Total	$	116,630	$	1,024	$	1,028	$	841	$	119,523

			Accruing
							90 Days Or
					30-89 Days		More Past
December 31, 2013			Current		Past Due		Due		Nonaccrual		Total

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	38,110	$	35	$	―	$	363	$	38,508
	CRE - income producing properties			10,107		8		―		113		10,228
	CRE - construction and development			2,329		2		―		51		2,382
	Other lending subsidiaries			4,482		14		5		1		4,502
Retail:
	Direct retail lending			15,595		132		33		109		15,869
	Revolving credit			2,370		23		10		―		2,403
	Residential mortgage-nonguaranteed			22,747		454		69		243		23,513
	Residential mortgage-government guaranteed			236		93		806		―		1,135
	Sales finance			9,316		56		5		5		9,382
	Other lending subsidiaries			5,703		207		―		50		5,960
Covered				1,643		88		304		―		2,035
		Total	$	112,638	$	1,112	$	1,232	$	935	$	115,917

The following tables present the carrying amount of loans by risk rating. Covered loans are excluded because their related ALLL is determined by loan pool performance.

						CRE -		CRE -
				Commercial		Income Producing		Construction and		Other Lending
	June 30, 2014			& Industrial		Properties		Development		Subsidiaries

				(Dollars in millions)
	Commercial:
		Pass		$	38,713	$	9,807	$	2,456	$	4,693
		Special mention			240		62		4		1
		Substandard - performing			1,067		485		136		30
		Nonperforming			298		84		38		5
			Total	$	40,318	$	10,438	$	2,634	$	4,729

			Direct Retail		Revolving		Residential		Sales		Other Lending
			Lending		Credit		Mortgage		Finance		Subsidiaries

			(Dollars in millions)
Retail:
	Performing		$	7,748	$	2,391	$	32,480	$	10,400	$	6,316
	Nonperforming			49		―		320		5		42
		Total	$	7,797	$	2,391	$	32,800	$	10,405	$	6,358

					CRE -		CRE -
			Commercial		Income Producing		Construction and		Other Lending
December 31, 2013			& Industrial		Properties		Development		Subsidiaries

			(Dollars in millions)
Commercial:
	Pass		$	36,804	$	9,528	$	2,149	$	4,464
	Special mention			219		52		17		8
	Substandard - performing			1,122		536		164		29
	Nonperforming			363		112		52		1
		Total	$	38,508	$	10,228	$	2,382	$	4,502

			Direct Retail		Revolving		Residential		Sales		Other Lending
			Lending		Credit		Mortgage		Finance		Subsidiaries

			(Dollars in millions)
Retail:
	Performing		$	15,760	$	2,403	$	24,405	$	9,377	$	5,910
	Nonperforming			109		―		243		5		50
		Total	$	15,869	$	2,403	$	24,648	$	9,382	$	5,960

During December 2013, the unallocated ALLL was allocated to the loan portfolio segments.

			ACL Rollforward
				Beginning		Charge-				Provision		Ending
	Three Months Ended June 30, 2014			Balance		Offs		Recoveries		(Benefit)		Balance

				(Dollars in millions)
	Commercial:
		Commercial and industrial		$	423	$	(40)	$	10	$	30	$	423
		CRE - income producing properties			136		(11)		3		(1)		127
		CRE - construction and development			65		(3)		10		(13)		59
		Other lending subsidiaries			16		(1)		1		1		17
	Retail:
		Direct retail lending			120		(19)		7		16		124
		Revolving credit			115		(18)		5		10		112
		Residential mortgage-nonguaranteed			327		(20)		―		17		324
		Residential mortgage-government guaranteed			69		(1)		―		(17)		51
		Sales finance			45		(4)		2		1		44
		Other lending subsidiaries			222		(46)		8		34		218
	Covered				104		(4)		―		(9)		91
	ALLL				1,642		(167)		46		69		1,590
	RUFC				80		―		―		5		85
	ACL			$	1,722	$	(167)	$	46	$	74	$	1,675

		ACL Rollforward
			Beginning		Charge-				Provision		Ending
Three Months Ended June 30, 2013			Balance		Offs		Recoveries		(Benefit)		Balance

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	528	$	(70)	$	10	$	(9)	$	459
	CRE - income producing properties			151		(24)		6		30		163
	CRE - construction and development			67		(25)		4		61		107
	Other lending subsidiaries			13		(1)		―		4		16
Retail:
	Direct retail lending			254		(42)		10		(4)		218
	Revolving credit			97		(20)		5		31		113
	Residential mortgage-nonguaranteed			261		(16)		1		22		268
	Residential mortgage-government guaranteed			55		―		―		6		61
	Sales finance			30		(5)		2		15		42
	Other lending subsidiaries			300		(60)		10		38		288
Covered				139		(2)		―		(11)		126
Unallocated				80		―		―		(40)		40
ALLL				1,975		(265)		48		143		1,901
RUFC				56		―		―		25		81
ACL			$	2,031	$	(265)	$	48	$	168	$	1,982

		ACL Rollforward
			Beginning		Charge-								Ending
Six Months Ended June 30, 2014			Balance		Offs		Recoveries		Provision		Other		Balance

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	454	$	(73)	$	19	$	23	$	―	$	423
	CRE - income producing properties			149		(19)		5		(8)		―		127
	CRE - construction and development			76		(7)		13		(23)		―		59
	Other lending subsidiaries			15		(2)		1		3		―		17
Retail:
	Direct retail lending			209		(38)		15		23		(85)		124
	Revolving credit			115		(36)		10		23		―		112
	Residential mortgage-nonguaranteed			269		(41)		1		10		85		324
	Residential mortgage-government guaranteed			62		(1)		―		(10)		―		51
	Sales finance			45		(11)		5		5		―		44
	Other lending subsidiaries			224		(130)		16		108		―		218
Covered				114		(7)		―		(16)		―		91
ALLL				1,732		(365)		85		138		―		1,590
RUFC				89		―		―		(4)		―		85
ACL			$	1,821	$	(365)	$	85	$	134	$	―	$	1,675

		ACL Rollforward
			Beginning		Charge-						Ending
Six Months Ended June 30, 2013			Balance		Offs		Recoveries		Provision		Balance

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	470	$	(161)	$	17	$	133	$	459
	CRE - income producing properties			170		(58)		9		42		163
	CRE - construction and development			134		(47)		11		9		107
	Other lending subsidiaries			13		(2)		1		4		16
Retail:
	Direct retail lending			300		(84)		18		(16)		218
	Revolving credit			102		(41)		10		42		113
	Residential mortgage-nonguaranteed			296		(48)		2		18		268
	Residential mortgage-government guaranteed			32		(1)		―		30		61
	Sales finance			29		(11)		4		20		42
	Other lending subsidiaries			264		(127)		18		133		288
Covered				128		(16)		―		14		126
Unallocated				80		―		―		(40)		40
ALLL				2,018		(596)		90		389		1,901
RUFC				30		―		―		51		81
ACL			$	2,048	$	(596)	$	90	$	440	$	1,982

The following table provides a summary of loans that are collectively evaluated for impairment.

				June 30, 2014				December 31, 2013
				Recorded Investment		Related ALLL		Recorded Investment		Related ALLL

				(Dollars in millions)
	Commercial:
		Commercial and industrial		$	39,897	$	377	$	38,042	$	382
		CRE - income producing properties			10,273		108		10,033		128
		CRE - construction and development			2,553		48		2,289		60
		Other lending subsidiaries			4,725		16		4,501		15
	Retail:
		Direct retail lending			7,693		99		15,648		166
		Revolving credit			2,345		94		2,355		96
		Residential mortgage-nonguaranteed			30,652		211		22,557		160
		Residential mortgage-government guaranteed			658		5		759		7
		Sales finance			10,385		40		9,363		41
		Other lending subsidiaries			6,206		191		5,823		196
	Covered				1,653		91		2,035		114
			Total	$	117,040	$	1,280	$	113,405	$	1,365

The following tables set forth certain information regarding impaired loans, excluding purchased impaired loans and LHFS, that were individually evaluated for reserves.

											Average		Interest
					Recorded				Related		Recorded		Income
	As Of / For The Six Months Ended June 30, 2014				Investment		UPB		ALLL		Investment		Recognized

					(Dollars in millions)
	With no related ALLL recorded:
		Commercial:
			Commercial and industrial		$	166	$	227	$	―	$	140	$	1
			CRE - income producing properties			41		55		―		43		―
			CRE - construction and development			19		32		―		18		―
		Retail:
			Direct retail lending			14		52		―		15		―
			Residential mortgage-nonguaranteed			181		302		―		166		3
			Residential mortgage-government guaranteed			11		11		―		3		―
			Sales finance			1		2		―		1		―
			Other lending subsidiaries			3		7		―		4		―
	With an ALLL recorded:
		Commercial:
			Commercial and industrial			255		268		46		311		2
			CRE - income producing properties			124		126		19		143		2
			CRE - construction and development			62		63		11		70		1
			Other lending subsidiaries			4		4		1		2		―
		Retail:
			Direct retail lending			90		93		25		101		3
			Revolving credit			46		45		18		47		1
			Residential mortgage-nonguaranteed			876		895		113		900		20
			Residential mortgage-government guaranteed			422		423		46		393		8
			Sales finance			19		19		4		20		1
			Other lending subsidiaries			149		151		27		140		10
				Total	$	2,483	$	2,775	$	310	$	2,517	$	52

										Average		Interest
				Recorded				Related		Recorded		Income
As Of / For The Year Ended December 31, 2013				Investment		UPB		ALLL		Investment		Recognized

				(Dollars in millions)
With no related ALLL recorded:
	Commercial:
		Commercial and industrial		$	91	$	165	$	―	$	111	$	―
		CRE - income producing properties			22		35		―		43		―
		CRE - construction and development			19		42		―		41		―
	Retail:
		Direct retail lending			23		76		―		23		1
		Residential mortgage-nonguaranteed			144		237		―		129		4
		Residential mortgage-government guaranteed			1		1		―		2		―
		Sales finance			1		2		―		1		―
		Other lending subsidiaries			2		6		―		4		―
With an ALLL recorded:
	Commercial:
		Commercial and industrial			375		409		72		453		5
		CRE - income producing properties			172		174		21		197		4
		CRE - construction and development			75		76		16		112		3
		Other lending subsidiaries			1		1		―		2		―
	Retail:
		Direct retail lending			198		204		43		204		12
		Revolving credit			48		48		19		52		2
		Residential mortgage-nonguaranteed			812		830		109		763		34
		Residential mortgage-government guaranteed			375		376		55		356		15
		Sales finance			18		19		4		20		1
		Other lending subsidiaries			135		137		28		173		18
			Total	$	2,512	$	2,838	$	367	$	2,686	$	99

The following table provides a summary of TDRs, all of which are considered impaired.

				June 30,		December 31,
				2014		2013

				(Dollars in millions)
	Performing TDRs:
		Commercial:
			Commercial and industrial	$	86	$	77
			CRE - income producing properties		27		50
			CRE - construction and development		30		39
		Direct retail lending			91		187
		Sales finance			18		17
		Revolving credit			46		48
		Residential mortgage-nonguaranteed			814		785
		Residential mortgage-government guaranteed			433		376
		Other lending subsidiaries			141		126
			Total performing TDRs		1,686		1,705
	Nonperforming TDRs (also included in NPL disclosures)				192		193
			Total TDRs	$	1,878	$	1,898

	ALLL attributable to TDRs			$	252	$	283

The following table summarizes the primary reason loan modifications were classified as TDRs and includes newly designated TDRs as well as modifications made to existing TDRs. Balances represent the recorded investment at the end of the quarter in which the modification was made. Rate modifications in this table include TDRs made with below market interest rates that also include modifications of loan structures.

		Three Months Ended June 30,
		2014						2013
		Types of						Types of
		Modifications				Impact To		Modifications				Impact To
		Rate		Structure		Allowance		Rate		Structure		Allowance

		(Dollars in millions)
Commercial:
	Commercial and industrial	$	49	$	10	$	1	$	23	$	9	$	1
	CRE - income producing properties		5		6		―		6		10		―
	CRE - construction and development		6		10		―		14		7		(2)

Retail:
	Direct retail lending		8		1		1		9		3		1
	Revolving credit		6		―		2		6		―		1
	Residential mortgage-nonguaranteed		19		8		2		20		26		3
	Residential mortgage-government guaranteed		105		―		4		46		―		3
	Sales finance		1		1		―		2		1		1
	Other lending subsidiaries		29		―		3		37		―		6

		Six Months Ended June 30,
		2014						2013
		Types of						Types of
		Modifications				Impact To		Modifications				Impact To
		Rate		Structure		Allowance		Rate		Structure		Allowance

		(Dollars in millions)
Commercial:
	Commercial and industrial	$	68	$	29	$	2	$	38	$	15	$	1
	CRE - income producing properties		13		11		―		17		25		1
	CRE - construction and development		11		13		―		35		9		(2)
Retail:
	Direct retail lending		19		3		4		21		5		2
	Revolving credit		13		―		3		14		―		3
	Residential mortgage-nonguaranteed		51		17		13		35		47		6
	Residential mortgage-government guaranteed		144		―		7		82		―		7
	Sales finance		1		6		1		3		3		2
	Other lending subsidiaries		58		―		8		92		―		24

Charge-offs and forgiveness of principal and interest for TDRs were immaterial for all periods presented.

The following table summarizes the pre-default balance for modifications that experienced a payment default that had been classified as TDRs during the previous 12 months. Payment default is defined as movement of the TDR to nonaccrual status, foreclosure or charge-off, whichever occurs first.

		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013

		(Dollars in millions)
Commercial:
	Commercial and industrial	$	1	$	1	$	1	$	3
	CRE - income producing properties		―		6		2		6
	CRE - construction and development		―		4		―		5

Retail:
	Direct retail lending		1		1		1		2
	Revolving credit		2		2		5		5
	Residential mortgage-nonguaranteed		6		4		13		12
	Sales finance		―		1		―		1
	Other lending subsidiaries		7		6		16		12

Changes in the carrying value and accretable yield of covered loans are presented in the following table.

		Six Months Ended June 30, 2014								Year Ended December 31, 2013
		Purchased Impaired				Purchased Nonimpaired				Purchased Impaired				Purchased Nonimpaired
		Accretable		Carrying		Accretable		Carrying		Accretable		Carrying		Accretable		Carrying
		Yield		Value		Yield		Value		Yield		Value		Yield		Value

		(Dollars in millions)
Balance at beginning of period		$	187	$	863	$	351	$	1,172	$	264	$	1,400	$	617	$	1,894
	Accretion		(58)		58		(101)		101		(149)		149		(301)		301
	Payments received, net		―		(222)		―		(319)		―		(686)		―		(1,023)
	Other, net		35		―		35		―		72		―		35		―
Balance at end of period		$	164	$	699	$	285	$	954	$	187	$	863	$	351	$	1,172

Outstanding UPB at end of period				$	1,023			$	1,234			$	1,266			$	1,516

The following table presents additional information about BB&T’s loans and leases:

		June 30,		December 31,
		2014		2013

		(Dollars in millions)
	Unearned income and net deferred loan fees and costs	$	222	$	261
	Residential mortgage loans in process of foreclosure		506		531