Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Financial Instruments

Schedule of Derivative Financial Instruments and Related Hedged Items

							December 31, 2014						December 31, 2013
						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	$	9,300	$	―	$	(289)	$	4,300	$	―	$	(203)
Fair value hedges:
	Interest rate contracts:
		Receive fixed swaps				Long-term debt		11,902		269		(5)		6,822		102		(3)
		Pay fixed swaps				Commercial loans		161		―		(3)		178		―		(3)
		Pay fixed swaps				Municipal securities		336		―		(126)		345		―		(83)
				Total				12,399		269		(134)		7,345		102		(89)
Not designated as hedges:
	Client-related and other risk management:
		Interest rate contracts:
			Receive fixed swaps					7,995		350		(3)		8,619		370		(37)
			Pay fixed swaps					8,163		1		(375)		8,401		31		(396)
			Other swaps					1,372		5		(7)		1,586		6		(8)
			Other					528		1		(1)		424		2		(2)
		Forward commitments						5,326		10		(12)		―		―		―
		Foreign exchange contracts						571		8		(6)		384		2		(3)
				Total				23,955		375		(404)		19,414		411		(446)
	Mortgage banking:
		Interest rate contracts:
			Interest rate lock commitments					1,566		20		―		1,869		3		(14)
			When issued securities, forward rate agreements and forward
				commitments				2,623		3		(25)		3,100		34		(7)
			Other					916		7		―		531		8		(7)
				Total				5,105		30		(25)		5,500		45		(28)
	MSRs:
		Interest rate contracts:
			Receive fixed swaps					4,119		215		(1)		6,139		36		(141)
			Pay fixed swaps					4,362		1		(124)		5,449		89		(29)
			Option trades					9,350		229		(36)		9,415		181		(31)
			When issued securities, forward rate agreements and forward
				commitments				3,731		3		―		1,756		―		(3)
				Total				21,562		448		(161)		22,759		306		(204)
					Total derivatives not designated as hedges			50,622		853		(590)		47,673		762		(678)
Total derivatives							$	72,321		1,122		(1,013)	$	59,318		864		(970)
Gross amounts not offset in the Consolidated Balance Sheets:
	Amounts subject to master netting arrangements not offset due to policy election									(629)		629				(514)		514
	Cash collateral (received) posted									(190)		342				(44)		386
		Net amount							$	303	$	(42)			$	306	$	(70)

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
				2014		2013		2012		from AOCI into Income		2014		2013		2012
					(Dollars in millions)
Cash Flow Hedges:
	Interest rate contracts			$	(172)	$	204	$	(84)	Total interest income		$	―	$	―	$	11
										Total interest expense			(82)		(77)		(72)
												$	(82)	$	(77)	$	(61)
												Pre-tax Gain (Loss)
										Location of Amounts		Recognized in Income
										Recognized in Income		2014		2013		2012
											(Dollars in millions)
Fair Value Hedges:
	Interest rate contracts									Total interest income		$	(22)	$	(21)	$	(21)
										Total interest expense			233		141		288
												$	211	$	120	$	267
Not Designated as Hedges:
	Client-related and other risk management:
			Interest rate contracts							Other income		$	18	$	26	$	35
			Foreign exchange contracts							Other income			16		11		9
	Mortgage Banking:
		Interest rate contracts								Mortgage banking income			(16)		(27)		59
	MSRs:
		Interest rate contracts								Mortgage banking income			251		(197)		128
												$	269	$	(187)	$	231

Deferred Gains and Losses From Hedges

			December 31,
			2014			2013
			(Dollars in millions)
Cash flow hedges:
	Net unrecognized after-tax loss on active hedges recorded in AOCI		$	(181)		$	(127)
	Net unrecognized after-tax gain on terminated hedges recorded in AOCI
		(to be recognized in earnings primarily from 2016 through 2021)		127			129
	Estimated portion of net after-tax loss on active and terminated hedges
		to be reclassified from AOCI into earnings during the next 12 months		(51)			(50)
	Maximum time period over which BB&T has hedged a portion of the variability
		in future cash flows for forecasted transactions excluding those transactions relating to the payment of variable interest on existing instruments		8	yrs		7	yrs
Fair value hedges:
	Unrecognized pre-tax net gain on terminated hedges (to be recognized
		as interest primarily through 2019)	$	227		$	317
	Portion of pre-tax net gain on terminated hedges to be recognized as a change
		in interest during the next 12 months		88			87

Schedule Of Derivative Instruments Summary Of Collateral Positions With Counterparties

		December 31,
		2014		2013
		(Dollars in millions)
Cash collateral received from dealer counterparties		$	191	$	44
Derivatives in a net gain position secured by that collateral			201		46
Unsecured positions in a net gain with dealer counterparties after collateral postings			10		3
Cash collateral posted to dealer counterparties			227		356
Derivatives in a net loss position secured by that collateral			231		357
Additional collateral that would have been posted had BB&T's credit ratings
	dropped below investment grade		3		4
Derivatives in a net gain position with central clearing parties			-		26
Cash collateral, including initial margin, posted to central clearing parties			114		43
Derivatives in a net loss position secured by that collateral			129		43
Securities pledged to central clearing parties			116		82