Long-Term Debt

The following table presents a summary of long-term debt:



	Mar 31, 2018											Dec 31, 2017
				Stated Rate				Effective Rate		Carrying		Carrying
(Dollars in millions)	Maturity			Min		Max		Effective Rate		Amount		Amount
BB&T Corporation:
Fixed rate senior notes	2018	to	2024	2.05	%	6.85	%	3.20	%	$	8,490	$	8,562
Floating rate senior notes	2018		2022	1.99		2.99		2.60		2,547		2,547
Fixed rate subordinated notes	2019		2022	3.95		5.25		2.33		919		933
Branch Bank:
Fixed rate senior notes	2018		2022	1.45		2.85		2.89		5,617		5,653
Floating rate senior notes	2019		2020	2.17		2.30		2.32		1,149		1,149
Fixed rate subordinated notes	2025		2026	3.63		3.80		3.96		2,064		2,119
FHLB advances (1)	2018		2034	—		5.50		1.85		2,451		2,480
Other long-term debt										173		205
Total long-term debt										$	23,410	$	23,648


(1)	FHLB advances had a weighted average maturity of 3.6 years at March 31, 2018.

The effective rates above reflect the impact of fair value hedges and debt issuance costs. Subordinated notes with a remaining maturity of one year or greater qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.

During 2017, Branch Bank terminated FHLB advances totaling $2.9 billion of par value, which resulted in a pre-tax loss on early extinguishment of debt totaling $392 million.