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.

During September 2014, approximately $550 million of loans, which were primarily performing residential mortgage TDRs, with a related ALLL of $57 million were sold. This sale resulted in a gain of $42 million, which was recognized as a reduction to the provision for credit losses.

Effective October 1, 2014, loans subject to the commercial loss sharing agreement with the FDIC related to the Colonial acquisition were no longer covered by loss sharing. At September 30, 2014, these loans had a carrying value of $741 million and UPB of $1.0 billion and are included in covered loans in this Form 10-Q.

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

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	39,770	$	19	$	―	$	259	$	40,048
	CRE - income producing properties			10,576		5		―		81		10,662
	CRE - construction and development			2,695		1		―		37		2,733
	Other lending subsidiaries			5,241		13		―		9		5,263
Retail:
	Direct retail lending			7,939		40		13		50		8,042
	Revolving credit			2,382		22		10		―		2,414
	Residential mortgage-nonguaranteed			29,954		424		79		296		30,753
	Residential mortgage-government guaranteed			332		99		627		2		1,060
	Sales finance			10,204		55		5		5		10,269
	Other lending subsidiaries			5,771		204		―		45		6,020
Covered				1,155		41		229		―		1,425
		Total	$	116,019	$	923	$	963	$	784	$	118,689

			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
	September 30, 2014			& Industrial		Properties		Development		Subsidiaries

				(Dollars in millions)
	Commercial:
		Pass		$	38,555	$	10,158	$	2,577	$	5,230
		Special mention			230		52		6		5
		Substandard - performing			1,004		371		113		19
		Nonperforming			259		81		37		9
			Total	$	40,048	$	10,662	$	2,733	$	5,263

					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

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

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

				(Dollars in millions)
	Commercial:
		Commercial and industrial		$	423	$	(31)	$	10	$	(5)	$	397
		CRE - income producing properties			127		(8)		2		53		174
		CRE - construction and development			59		(2)		2		(9)		50
		Other lending subsidiaries			17		(4)		1		8		22
	Retail:
		Direct retail lending			124		(17)		7		6		120
		Revolving credit			112		(17)		4		9		108
		Residential mortgage-nonguaranteed			324		(31)		1		(41)		253
		Residential mortgage-government guaranteed			51		(1)		―		(9)		41
		Sales finance			44		(5)		2		6		47
		Other lending subsidiaries			218		(62)		7		50		213
	Covered				91		―		―		(12)		79
	ALLL				1,590		(178)		36		56		1,504
	RUFC				85		―		―		(22)		63
	ACL			$	1,675	$	(178)	$	36	$	34	$	1,567

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

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	459	$	(42)	$	17	$	36	$	470
	CRE - income producing properties			163		(10)		7		(11)		149
	CRE - construction and development			107		(7)		11		(32)		79
	Other lending subsidiaries			16		(1)		―		2		17
Retail:
	Direct retail lending			218		(35)		11		17		211
	Revolving credit			113		(22)		3		22		116
	Residential mortgage-nonguaranteed			268		(15)		―		(17)		236
	Residential mortgage-government guaranteed			61		―		―		(8)		53
	Sales finance			42		(5)		3		3		43
	Other lending subsidiaries			288		(65)		8		61		292
Covered				126		(2)		―		2		126
Unallocated				40		―		―		6		46
ALLL				1,901		(204)		60		81		1,838
RUFC				81		―		―		11		92
ACL			$	1,982	$	(204)	$	60	$	92	$	1,930

		ACL Rollforward
Nine Months Ended September 30, 2014			Beginning Balance		Charge-Offs		Recoveries		Provision (Benefit)		Other		Ending Balance

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	454	$	(104)	$	29	$	18	$	―	$	397
	CRE - income producing properties			149		(27)		7		45		―		174
	CRE - construction and development			76		(9)		15		(32)		―		50
	Other lending subsidiaries			15		(8)		2		13		―		22
Retail:
	Direct retail lending			209		(55)		22		29		(85)		120
	Revolving credit			115		(53)		14		32		―		108
	Residential mortgage-nonguaranteed			269		(72)		2		(31)		85		253
	Residential mortgage-government guaranteed			62		(2)		―		(19)		―		41
	Sales finance			45		(16)		7		11		―		47
	Other lending subsidiaries			224		(190)		23		156		―		213
Covered				114		(7)		―		(28)		―		79
ALLL				1,732		(543)		121		194		―		1,504
RUFC				89		―		―		(26)		―		63
ACL			$	1,821	$	(543)	$	121	$	168	$	―	$	1,567

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

			(Dollars in millions)
Commercial:
	Commercial and industrial		$	470	$	(203)	$	34	$	169	$	470
	CRE - income producing properties			170		(69)		15		33		149
	CRE - construction and development			134		(53)		23		(25)		79
	Other lending subsidiaries			13		(3)		1		6		17
Retail:
	Direct retail lending			300		(119)		29		1		211
	Revolving credit			102		(63)		13		64		116
	Residential mortgage-nonguaranteed			296		(63)		2		1		236
	Residential mortgage-government guaranteed			32		(1)		―		22		53
	Sales finance			29		(16)		7		23		43
	Other lending subsidiaries			264		(192)		26		194		292
Covered				128		(18)		―		16		126
Unallocated				80		―		―		(34)		46
ALLL				2,018		(800)		150		470		1,838
RUFC				30		―		―		62		92
ACL			$	2,048	$	(800)	$	150	$	532	$	1,930

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

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

				(Dollars in millions)
	Commercial:
		Commercial and industrial		$	39,664	$	355	$	38,042	$	382
		CRE - income producing properties			10,505		156		10,033		128
		CRE - construction and development			2,656		40		2,289		60
		Other lending subsidiaries			5,253		21		4,501		15
	Retail:
		Direct retail lending			7,940		95		15,648		166
		Revolving credit			2,370		91		2,355		96
		Residential mortgage-nonguaranteed			30,262		204		22,557		160
		Residential mortgage-government guaranteed			622		2		759		7
		Sales finance			10,247		43		9,363		41
		Other lending subsidiaries			5,859		184		5,823		196
	Covered				1,425		79		2,035		114
			Total	$	116,803	$	1,270	$	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 Nine Months Ended September 30, 2014				Investment		UPB		ALLL		Investment		Recognized

					(Dollars in millions)
	With no related ALLL recorded:
		Commercial:
			Commercial and industrial		$	123	$	170	$	―	$	145	$	1
			CRE - income producing properties			29		40		―		40		―
			CRE - construction and development			21		30		―		20		―
			Other lending subsidiaries			1		1		―		―		―
		Retail:
			Direct retail lending			14		51		―		14		1
			Residential mortgage-nonguaranteed			112		198		―		160		4
			Residential mortgage-government guaranteed			12		13		―		7		―
			Sales finance			1		2		―		1		―
			Other lending subsidiaries			3		7		―		3		―
	With an ALLL recorded:
		Commercial:
			Commercial and industrial			261		269		42		291		4
			CRE - income producing properties			128		132		18		136		3
			CRE - construction and development			56		57		10		68		2
			Other lending subsidiaries			9		10		1		4		―
		Retail:
			Direct retail lending			88		91		25		97		4
			Revolving credit			44		43		17		46		1
			Residential mortgage-nonguaranteed			379		400		49		807		27
			Residential mortgage-government guaranteed			426		427		39		408		13
			Sales finance			21		21		4		19		1
			Other lending subsidiaries			158		161		29		143		15
				Total	$	1,886	$	2,123	$	234	$	2,409	$	76

										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.

				September 30,		December 31,
				2014		2013

				(Dollars in millions)
	Performing TDRs:
		Commercial:
			Commercial and industrial	$	90	$	77
			CRE - income producing properties		25		50
			CRE - construction and development		28		39
		Direct retail lending			89		187
		Sales finance			20		17
		Revolving credit			44		48
		Residential mortgage-nonguaranteed			254		785
		Residential mortgage-government guaranteed			437		376
		Other lending subsidiaries			151		126
			Total performing TDRs		1,138		1,705
	Nonperforming TDRs (also included in NPL disclosures)				207		193
			Total TDRs	$	1,345	$	1,898

	ALLL attributable to TDRs			$	182	$	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 September 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	$	20	$	11	$	1	$	42	$	8	$	1
	CRE - income producing properties		5		4		―		12		13		―
	CRE - construction and development		8		5		―		10		5		―

Retail:
	Direct retail lending		8		1		1		10		1		2
	Revolving credit		6		―		1		7		―		―
	Residential mortgage-nonguaranteed		31		10		3		39		15		3
	Residential mortgage-government guaranteed		83		―		3		23		―		2
	Sales finance		―		5		1		1		2		1
	Other lending subsidiaries		34		―		4		40		―		6

		Nine Months Ended September 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	$	88	$	40	$	3	$	80	$	23	$	2
	CRE - income producing properties		18		15		―		29		38		1
	CRE - construction and development		19		18		―		45		14		(2)
Retail:
	Direct retail lending		27		4		5		31		6		4
	Revolving credit		19		―		4		21		―		3
	Residential mortgage-nonguaranteed		82		27		16		74		62		9
	Residential mortgage-government guaranteed		227		―		10		105		―		9
	Sales finance		1		11		2		4		5		3
	Other lending subsidiaries		92		―		12		132		―		30

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 September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013

		(Dollars in millions)
Commercial:
	Commercial and industrial	$	1	$	2	$	2	$	5
	CRE - income producing properties		―		5		1		11
	CRE - construction and development		2		―		3		4

Retail:
	Direct retail lending		1		1		2		3
	Revolving credit		2		3		7		8
	Residential mortgage-nonguaranteed		7		3		20		15
	Sales finance		―		―		1		1
	Other lending subsidiaries		9		10		24		22

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

		Nine Months Ended September 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		(85)		85		(139)		139		(149)		149		(301)		301
	Payments received, net		―		(316)		―		(518)		―		(686)		―		(1,023)
	Other, net		56		―		58		―		72		―		35		―
Balance at end of period		$	158	$	632	$	270	$	793	$	187	$	863	$	351	$	1,172

Outstanding UPB at end of period				$	941			$	1,027			$	1,266			$	1,516

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

		September 30,		December 31,
		2014		2013

		(Dollars in millions)
	Unearned income and net deferred loan fees and costs	$	188	$	261
	Residential mortgage loans in process of foreclosure		484		531