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<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 5. Allowance for Loan and Lease Losses and Reserve for Unfunded Lending Commitments </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">An analysis of the allowance for credit losses for the three months ended March 31, 2010 and 2009 is presented in the following table: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="72%"> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>For the Three Months Ended<br />March 31,</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> 2010 </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> 2009 </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Beginning Balance</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,672</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,607</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Provision for credit losses</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">575</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">676</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans and leases charged-off</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(509</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(405</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Recoveries of previous charge-offs</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">34</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">17</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net loans and leases charged-off</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(475</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(388</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other changes, net</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(13</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Ending Balance</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,759</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,895</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Allowance for loan and lease losses</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,714</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,869</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Reserve for unfunded lending commitments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">45</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Allowance for credit losses</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,759</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,895</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table></div> </div>
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29686000000
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2611000000
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61000000
406000000
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33000000
45000000
1201000000
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559248000
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false
--12-31
Q1
2010
2010-03-31
10-Q
0000092230
692102008
Large Accelerated Filer
BB&T CORP
BBT
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5620000000
5677000000
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23000000
31000000
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 2. Business Combinations </b></font></p>
<p
style="margin-top: 6px; margin-bottom: 0px; margin-left: 2%;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b><i>Financial Institution Acquisitions </i></b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">On August 14, 2009, Branch Bank entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation ("FDIC") to acquire certain assets and assume substantially all of the deposits and certain liabilities of Colonial Bank, an Alabama state-chartered bank headquartered in Montgomery, Alabama ("Colonial"). As further discussed in BB&T's Annual Report on Form 10-K for the year ended December 31, 2009, BB&T entered into loss sharing agreements with the FDIC related to certain loans, securities and other assets. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Branch Bank did not immediately acquire the real estate, banking facilities, furniture or equipment of Colonial as part of the purchase and assumption agreement. However, under the terms of the agreement, Branch Bank had the option through February 1, 2010 to acquire these assets from the FDIC at their fair market value as of the acquisition date. Prior to the exercise of this option, these banking facilities and equipment were leased from the FDIC on a month-to-month basis. During the first quarter, Branch Bank purchased real estate, banking facilities, furniture and equipment from the FDIC at a cost of approximately $210 million. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Branch Bank also had an option through February 1, 2010 to assume or repudiate certain lease agreements of Colonial. The repudiation or assumption of these lease agreements was finalized prior to the expiration of this option and the process to determine the fair value of assumed lease obligations is still on-going. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">On January 15, 2010, BB&T sold certain Nevada branch locations and approximately $850 million in deposits that were acquired from Colonial. </font></p></div> </div>
2740000000
2000000000
2649000000
2238000000
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-411000000
1584000000
1265000000
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 13. Commitments and Contingencies </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T utilizes a variety of financial instruments to meet the financing needs of clients and to reduce exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, letters of credit and financial guarantees and derivatives. BB&T also has commitments to fund certain affordable housing investments and contingent liabilities of certain sold loans. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Commitments to extend, originate or purchase credit are primarily lines of credit to businesses and consumers and have specified rates and maturity dates. Many of these commitments also have adverse change clauses, which allow BB&T to cancel the commitment due to deterioration in the borrowers' creditworthiness. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Letters of credit and financial guarantees written are unconditional commitments issued by BB&T to guarantee the performance of a customer to a third party. These guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper issuance, bond financing and similar transactions. The credit risk involved in the issuance of these guarantees is essentially the same as that involved in extending loans to clients and as such, the instruments are collateralized when necessary. As of March 31, 2010 and December 31, 2009, BB&T had issued letters of credit totaling $8.0 billion. The carrying amount of the liability for such guarantees was $30 million and $40 million at March 31, 2010 and December 31, 2009, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">A derivative is a financial instrument that derives its cash flows, and therefore its value, by reference to an underlying instrument, index or referenced interest rate. These instruments include interest-rate swaps, swaptions, caps, floors, collars, financial forward and futures contracts, when-issued securities, foreign exchange contracts and options written and purchased. BB&T uses derivatives primarily to manage risk related to securities, business loans, Federal Funds purchased, other overnight funding, long-term debt, mortgage servicing rights, mortgage banking operations and certificates of deposit. BB&T also uses derivatives to facilitate transactions on behalf of its clients. BB&T held a variety of derivative financial instruments with notional values of $64.6 billion and $66.2 billion at March 31, 2010 and December 31, 2009, respectively. These instruments were in a net gain position of $307 million and $283 million at March 31, 2010 and December 31, 2009, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">In the ordinary course of business, BB&T indemnifies its officers and directors to the fullest extent permitted by law against liabilities arising from pending litigation. BB&T also issues standard representation and warranties in underwriting agreements, merger and acquisition agreements, loan sales, brokerage activities and other similar arrangements. Counterparties in many of these indemnification arrangements provide similar indemnifications to BB&T. Although these agreements often do not specify limitations, BB&T does not believe that any payments related to these guarantees would materially change the financial condition or results of operations of BB&T. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Merger and acquisition agreements of businesses other than financial institutions occasionally include additional incentives to the acquired entities to offset the loss of future cash flows previously received through ownership positions. Typically, these incentives are based on the acquired entity's contribution to BB&T's earnings compared to agreed-upon amounts. When offered, these incentives are typically issued for terms of three to five years. As certain provisions of these agreements do not specify dollar limitations, it is not possible to quantify the maximum exposure resulting from these agreements. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">As previously discussed, BB&T entered into loss sharing agreements with the FDIC in connection with the Colonial acquisition. The provisions of the agreements may require a payment by BB&T to the FDIC on October 15, 2019. On that date, BB&T is required to pay the FDIC 55% of the excess, if any, of (i) $1 billion over (ii) the sum of (A) 25% of the total net amounts paid to BB&T under both of the loss sharing agreements (i.e., BB&T's payments received from the FDIC for losses, offset by BB&T's payments made to the FDIC for recoveries) plus (B) 20% of the deemed total cost to BB&T of administering the assets covered under the loss sharing agreements other than shared loss securities. The deemed total cost to BB&T of administering the covered assets is the sum of 2% of the average of the principal amount of shared loss loans and shared loss assets (other than the shared loss securities) based on the beginning and end of year balances for each of the 10 years during which the shared loss agreements are in effect. In addition, any payments made by either party with respect to the securities with a 95% loss share will be excluded from this calculation. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T invests in certain affordable housing and historic building rehabilitation projects throughout its market area as a means of supporting local communities, and receives tax credits related to these investments. BB&T typically acts as a limited partner in these investments and does not exert control over the operating or financial policies of the partnerships. Branch Bank typically provides financing during the construction and development of the properties; however, permanent financing is generally obtained from independent third parties upon completion of a project. As of March 31, 2010 and December 31, 2009, BB&T had investments of $1.1 billion related to these projects, which are included as other assets on the Consolidated Balance Sheets. BB&T's outstanding commitments to fund affordable housing investments totaled $309 million and $371 million at March 31, 2010 and December 31, 2009, respectively, which are included as other liabilities on the Consolidated Balance Sheets. As of March 31, 2010 and December 31, 2009, BB&T had outstanding loan commitments to these funds of $135 million and $165 million, respectively. Of these amounts, $46 million and $73 million had been funded at March 31, 2010 and December 31, 2009, respectively, and were included in loans and leases on the Consolidated Balance Sheets. BB&T's maximum risk exposure related to these investments totaled $1.2 billion at March 31, 2010 and December 31, 2009. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T has sold certain mortgage-related loans that contain recourse provisions. These provisions generally require BB&T to reimburse the investor for a share of any loss that is incurred after the disposal of the property. At March 31, 2010 and December 31, 2009, BB&T had $1.9 billion and $2.0 billion, respectively, of residential mortgage loans sold with recourse. In the event of nonperformance by the borrower, BB&T has maximum recourse exposure of approximately $671 million and $667 million as of March 31, 2010 and December 31, 2009, respectively. In addition, BB&T has $4.0 billion in loans serviced for others that were covered by recourse provisions at March 31, 2010 and December 31, 2009. As of March 31, 2010 and December 31, 2009, BB&T's maximum exposure to loss for these loans is approximately $1.1 billion. BB&T has recorded $20 million and $18 million of reserves related to these recourse exposures at March 31, 2010 and December 31, 2009, respectively. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T has investments and future funding commitments to certain venture capital funds. As of March 31, 2010 and December 31, 2009, BB&T had investments of $261 million and $281 million related to these ventures, respectively. As of March 31, 2010 and December 31, 2009, BB&T had future funding commitments of $163 million and $183 million, respectively. BB&T's risk exposure relating to such commitments is generally limited to the amount of investments and future funding commitments made. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T has made loan commitments as a nontransferor lender. As of March 31, 2010 and December 31, 2009, BB&T had loan commitments to these entities totaling $209 million and $211 million, respectively. Of these amounts, $150 million and $160 million, respectively, had been funded and were included in loans and leases on the Consolidated Balance Sheets. </font></p></div> </div>
0.47
0.15
5
5
1000000000
1000000000
689750000
691869000
3449000000
3459000000
367000000
49000000
6000000
312000000
319000000
125000000
6000000
188000000
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 10. Accumulated Other Comprehensive Income (Loss) </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The balances in accumulated other comprehensive loss at March 31, 2010 and December 31, 2009 are shown in the following table. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="58%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>As of March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>As of December 31, 2009</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Pre-Tax<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Deferred<br />Tax Expense<br />(Benefit)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>After-Tax<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Pre-Tax<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Deferred<br />Tax Expense<br />(Benefit)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>After-Tax<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="22" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Unrecognized net pension and postretirement costs</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(441</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(167</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(274</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(447</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(169</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(278</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Unrealized net gains on cash flow hedges</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>103</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>39</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>64</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">173</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">66</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">107</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Unrealized net losses on securities available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(56</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(21</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(35</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(363</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(138</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(225</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">FDIC's share of unrealized net gains on securities available for sale under the loss share agreements (1)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(74</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(28</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(46</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(30</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(19</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign currency translation adjustment</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(7</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(6</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(1</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(7</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(475</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(183</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(292</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(674</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(257</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(417</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Certain securities available for sale are covered by loss sharing agreements with the FDIC. The securities covered by the loss share agreements reflected a net unrealized pretax gain of $81 million and $35 million as of March 31, 2010 and December 31, 2009, respectively. The FDIC's share of this net unrealized pretax gain, upon sale, was $74 million and $30 million as of March 31, 2010 and December 31, 2009, respectively, and was recorded as a reduction in other comprehensive income. </font></td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">As of March 31, 2010 and December 31, 2009, unrealized net losses on securities available for sale included $117 million and $114 million, respectively, of pre-tax losses related to other-than-temporarily impaired non-agency mortgage-backed securities where a portion of the loss was recognized in net income. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following tables reflect the components of total comprehensive income for the three months ended March 31, 2010 and 2009. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="79%"> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Three Months Ended March 31,<br />2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Pre-Tax</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Tax Effect</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>After-Tax</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Comprehensive income:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>242</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>48</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>194</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other comprehensive income:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Unrealized net holding gains (losses) arising during the period on securities available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>304</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>116</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>188</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Reclassification adjustment for losses (gains) on securities available for sale included in net income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>3</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>1</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in amounts attributable to the FDIC under the loss share agreements</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(44</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(17</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(27</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in unrecognized gains (losses) on cash flow hedges</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(70</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(27</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(43</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in foreign currency translation adjustment</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>— </b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(1</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>1</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in pension and postretirement liability</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>6</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>4</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 7em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total comprehensive income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>441</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>122</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>319</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td height="16"> </td>
<td height="16" colspan="12"> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Three Months Ended March 31,<br />2009</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Pre-Tax</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Tax Effect</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>After-Tax</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Comprehensive income:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">432</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">114</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">318</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other comprehensive income:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Unrealized net holding gains (losses) arising during the period on securities available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">203</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">75</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">128</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Reclassification adjustment for losses (gains) on securities available for sale included in net income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(150</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(57</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(93</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in unrecognized gains (losses) on cash flow hedges</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">14</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in foreign currency translation adjustment</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net change in pension and postretirement liability</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">13</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 7em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total comprehensive income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">510</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">143</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">367</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table></div> </div>
257000000
183000000
114965000000
113723000000
52097000000
51897000000
8205000000
9614000000
54000000
65000000
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 15. Derivative Financial Instruments </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T uses a variety of derivative instruments to manage interest rate and foreign exchange risks. These instruments consist of interest-rate swaps, swaptions, caps, floors, collars, financial forward and futures contracts, when-issued securities, foreign exchange contracts and options written and purchased. A derivative is a financial instrument that derives its cash flows, and therefore its value, by reference to an underlying instrument, index or referenced interest rate. There are five areas of risk management: balance sheet management, mortgage banking operations, mortgage servicing rights, net investment in a foreign subsidiary and client-related and other risk management activities. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following tables set forth certain information concerning BB&T's derivative financial instruments and related hedged items as of the periods indicated: </font></p>
<p
style="margin-top: 18px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Derivative Classifications and Hedging Relationships </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="40%"> </td>
<td valign="bottom" width="3%"> </td>
<td width="38%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom" rowspan="2"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" align="center">
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Hedged Item or</b></font></p>
<p
style="margin-top: 0px; margin-bottom: 1px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Transaction</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Notional</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain (1)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Loss (1)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Designated as Cash Flow Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">First forecasted interest receipts on commercial loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">500</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">First forecasted interest payments on 3 month LIBOR funding</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,650</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(49</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Caps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">First forecasted interest payments on 3 month LIBOR funding</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">200</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5,350</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">15</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(49</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Designated as Net Investment Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">73</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">73</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Designated as Fair Value Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Individual fixed rate long-term debt issuances</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,429</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">225</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(21</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Long-term CD's</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">292</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Individual fixed rate municipal securities classified as available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">354</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(54</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,075</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">229</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(75</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Not Designated as Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Client-related and other risk management Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9,994</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">427</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(19</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9,726</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">21</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(420</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,289</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Option trades</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">950</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Swaptions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">541</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">25</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(24</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Futures contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">662</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Collars</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">122</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">438</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(4</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage Banking</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate lock commitments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,081</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(9</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Forward commitments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,948</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">14</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(8</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Swaptions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">200</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Option trades</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">200</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">TBA/When issued securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">30</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Futures contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage Servicing Rights</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,527</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(22</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,029</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(7</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Swaptions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7,705</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">198</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Futures contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,995</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">When issued securities and Forward rate agreements</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,591</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(4</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">55,060</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">722</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(532</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total Derivatives</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">64,558</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">966</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(659</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives in a gain position are recorded as Other assets and derivatives in a loss position are recorded as Other liabilities on the Consolidated Balance Sheet. </font></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Derivative Classifications and Hedging Relationships </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="40%"> </td>
<td valign="bottom" width="3%"> </td>
<td width="38%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom" rowspan="2"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" align="center">
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Hedged Item or</b></font></p>
<p
style="margin-top: 0px; margin-bottom: 1px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Transaction</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Notional</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain (1)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Loss (1)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Designated as Cash Flow Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">First forecasted interest receipts on commercial loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,000</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">28</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">First forecasted interest payments on 3 month LIBOR funding</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,300</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">38</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(26</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Caps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">First forecasted interest payments on 3 month LIBOR funding</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">200</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5,500</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">66</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(26</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Designated as Net Investment Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">73</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">73</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Designated as Fair Value Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Individual fixed rate long-term debt issuances</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,429</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">192</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(43</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Long-term CD's</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">328</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Individual fixed rate municipal securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">classified as available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">354</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(50</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,111</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">194</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(93</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives Not Designated as Hedges:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Client-related and other risk management</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">10,004</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">392</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(32</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">10,401</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(369</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7,014</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Option trades</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">922</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Swaptions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">538</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">24</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(24</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Futures contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">611</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Collars</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">123</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">373</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(6</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage Banking</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate lock commitments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,970</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(19</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Forward commitments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,662</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">48</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Swaptions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">200</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">11</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Option trades</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">340</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">TBA/When issued securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">30</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Futures contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">50</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage Servicing Rights</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Receive fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,968</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(69</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Pay fixed swaps</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">654</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Swaptions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5,575</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">191</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Futures contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,631</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">When issued securities and Forward rate agreements</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5,425</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(37</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">56,491</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">723</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(580</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top" colspan="3">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total Derivatives</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">66,175</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">983</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(700</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives in a gain position are recorded as Other assets and derivatives in a loss position are recorded as Other liabilities on the Consolidated Balance Sheet. </font></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following tables set forth certain information concerning the effect of BB&T's derivative financial instruments on the Consolidated Statements of Income for the periods indicated: </font></p>
<p
style="margin-top: 18px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>The Effect of Derivative Instruments on the Consolidated Statements of Income </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>for the Three Month Period Ended March 31, 2010 </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(Dollars in millions) </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="26%"> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Effective Portion</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Ineffective Portion</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized in OCI</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Reclassified from<br />AOCI into Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Gain) or Loss<br />Reclassified from<br />AOCI into Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>in Income</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Designated as Cash Flow Hedges</b></font></p>
<p
style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(59</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(16</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td></tr>
<tr>
<td valign="top"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest expense</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Designated as Net Investment Hedges</b></font></p>
<p
style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td></tr>
<tr>
<td height="16"> </td>
<td height="16" colspan="8"> </td>
<td height="16" colspan="6"> </td>
<td height="16" colspan="3"> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Effective Portion</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Ineffective Portion</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Designated as Fair Value Hedges</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest expense</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">52</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$ 1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest expense</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">47</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$ 1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Not Designated as Hedges</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Client-related and other risk management</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other derivatives</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other nondeposit fees and<br />commissions</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage Banking</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage banking income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(20</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage Servicing Rights</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage banking income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(21</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Note: All amounts for Other Comprehensive Income (OCI) and Accumulated Other Comprehensive Income (AOCI) are stated on a pre-tax basis. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>The Effect of Derivative Instruments on the Consolidated Statements of Income </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>for the Three Month Period Ended March 31, 2009 </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(Dollars in millions) </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="30%"> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td valign="bottom" width="9%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Effective Portion</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="4" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Ineffective Portion</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized in OCI</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Reclassified from<br />AOCI into Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Gain) or Loss<br />Reclassified from<br />AOCI into Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized<br />in Income</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="margin-top: 0px; text-indent: -1em; margin-bottom: 0px; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Designated as Cash Flow Hedges</b></font></p>
<p
style="margin-top: 0px; text-indent: -1em; margin-bottom: 1px; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">21</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(6</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td></tr>
<tr>
<td valign="top"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest<br />expense</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(7</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Designated as Net Investment Hedges</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td></tr>
<tr>
<td height="16"> </td>
<td height="16" colspan="8"> </td>
<td height="16" colspan="6"> </td>
<td height="16" colspan="3"> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Effective Portion</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Ineffective Portion</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Location of Amounts<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gain or (Loss)<br />Recognized in Income</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Designated as Fair Value Hedges</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest expense</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">38</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$ 5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="top"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="top"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total interest income</font></td>
<td valign="top" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest<br />expense</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">35</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$ 5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Derivatives Not Designated as Hedges</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Client-related and other risk management</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other derivatives</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other noninterest income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Other nondeposit fees and<br />commissions</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> <br /> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage Banking</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage banking income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage Servicing Rights</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Mortgage banking income</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">74</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="1">85</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="1">Note: All amounts for Other Comprehensive Income (OCI) and Accumulated Other Comprehensive Income (AOCI) are stated on a pre-tax basis. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The majority of the balance sheet management derivatives are designated as cash flow or fair value hedges. BB&T's floating rate business loans, Federal funds purchased, other overnight funding, institutional and brokered certificates of deposit, other time deposits, medium-term bank notes and long-term debt expose it to variability in cash flows for interest payments. The risk management objective for these assets and liabilities is to hedge the variability in the interest payments. This objective is met by entering into interest rate swaps and interest rate collars and caps. Interest rate collars and caps fix the interest payments when interest rates on the hedged item exceed predetermined rates. </font></p>
<p
style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Cash Flow Hedges </i></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">At March 31, 2010 and December 31, 2009, BB&T had designated notional values of $5.4 billion and $5.5 billion, respectively, of derivatives as cash flow hedges. At March 31, 2010, these cash flow hedges reflected a net unrealized loss of $34 million, with instruments in a gain position reflecting a fair value of $15 million recorded in other assets and instruments in a loss position reflecting a fair value of $49 million recorded in other liabilities. At December 31, 2009, these cash flow hedges reflected a net unrealized gain of $40 million, with instruments in a gain position reflecting a fair value of $66 million recorded in other assets and instruments in a loss position reflecting a fair value of $26 million recorded in other liabilities. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">For a qualifying cash flow hedge, the portion of changes in the fair value of the derivatives that have been highly effective are recognized in other comprehensive income until the related cash flows from the hedged item are recognized in earnings. The impact on earnings resulting from the ineffectiveness of cash flow hedges was less than $1 million during the first three months of 2010 and 2009, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Accumulated other comprehensive income included $41 million and $54 million in unrecognized after-tax gains on interest rate swaps, caps and floors hedging variable interest payments on business loans at March 31, 2010 and December 31, 2009, respectively. These amounts included unrecognized after-tax gains on terminated swaps, caps and collars of $35 million and $29 million at March 31, 2010 and December 31, 2009, respectively. In addition, accumulated other comprehensive income included $20 million and $50 million in net unrecognized after-tax gains on interest rate swaps, caps and floors hedging variable interest payments on funding at March 31, 2010 and December 31, 2009, respectively. These amounts included unrecognized after-tax gains on terminated hedges related to short-term funding of $48 million and $52 million at March 31, 2010 and December 31, 2009, respectively. Also included in accumulated other comprehensive income at March 31, 2010 and December 31, 2009 are unrecognized after-tax gains of $3 million on terminated interest rate swaps hedging variable interest payments on long-term debt. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The estimated net amount in accumulated other comprehensive income at March 31, 2010 that is expected to be reclassified into earnings within the next 12 months is a net after-tax gain of $18 million. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">All of BB&T's cash flow hedges are hedging exposure to variability in future cash flows for forecasted transactions related to the payment of variable interest on then existing financial instruments. The maximum length of time over which BB&T is hedging its exposure to the variability in future cash flows for forecasted transactions related to variable interest payments on existing financial instruments at March 31, 2010 and December 31, 2009 is 6.4 years and 6.6 years, respectively. </font></p>
<p
style="margin-top: 18px; margin-bottom: 0px; margin-left: 2%;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Fair Value Hedges </i></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">At March 31, 2010 and December 31, 2009, BB&T had designated notional values of $4.1 billion of derivatives as fair value hedges. These fair value hedges reflected a net unrealized gain of $154 million and $101 million at March 31, 2010 and December 31, 2009, respectively, with instruments in a gain position reflecting a fair value of $229 million and $194 million, respectively, recorded in other assets and instruments in a loss position reflecting a fair value of $75 million and $93 million, respectively, recorded in other liabilities. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">For a qualifying fair value hedge, changes in the value of the derivatives that have been highly effective as hedges are recognized in current period earnings along with the corresponding changes in the fair value of the designated hedged item attributable to the risk being hedged. Fair value hedges with a notional value of $36 million were dedesignated and unwound during the three months ended March 31, 2010. There were no fair value hedge terminations during the three months ended March 31, 2009. The impact on earnings resulting from fair value hedge ineffectiveness was a gain of $1 million and $5 million during the three months ended March 31, 2010 and 2009, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T also held $55.1 billion and $56.5 billion in notional value of derivatives not designated as hedges at March 31, 2010 and December 31, 2009, respectively. These instruments were in a net gain position with a net estimated fair value of $190 million and $143 million at March 31, 2010 and December 31, 2009, respectively. Changes in the fair value of these derivatives are reflected in current period earnings. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives not designated as a hedge include the notional amounts of $8.5 billion and $8.2 billion that have been entered into as risk management instruments for mortgage banking operations at March 31, 2010 and December 31, 2009, respectively. For mortgage loans originated for sale, BB&T is exposed to changes in market rates and conditions subsequent to the interest rate lock and funding date. BB&T's risk management strategy related to its interest rate lock commitment derivatives and loans held for sale includes using mortgage-based derivatives such as forward commitments and options in order to mitigate market risk. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivatives not designated as a hedge include the notional amounts of $19.9 billion and $18.3 billion that have been entered into as risk management instruments for mortgage servicing rights at March 31, 2010 and December 31, 2009, respectively. For the three months ended March 31, 2010, the $1 million loss on these derivatives is offset by a positive $5 million valuation adjustment related to the mortgage servicing asset. For the three months ended March 31, 2009, the $74 million gain on these derivatives was offset by a negative $46 million valuation adjustment related to the mortgage servicing asset. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T also held derivatives not designated as hedges with notional amounts totaling $26.7 billion and $30.0 billion at March 31, 2010 and December 31, 2009, respectively, as risk management instruments primarily to facilitate transactions on behalf of its clients, as well as activities related to balance sheet management. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">At March 31, 2010 and December 31, 2009, BB&T had designated notional values of $73 million of derivatives as net investment hedges used to hedge the variability in a foreign currency exchange rate. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Credit risk related to derivatives arises when amounts receivable from a counterparty exceed those payable. BB&T controls the risk of loss by subjecting counterparties to credit reviews and approvals similar to those used in making loans and other extensions of credit. In addition, certain counterparties are required to provide cash collateral to BB&T when their unsecured loss positions exceed certain negotiated limits. These bilateral limits are typically based on current credit ratings and vary with ratings changes. As of March 31, 2010 and December 31, 2009, BB&T had received cash collateral of approximately $82 million. In addition, BB&T had posted collateral of $147 million and $138 million at March 31, 2010 and December 31, 2009, respectively. In the event that BB&T's credit ratings had been downgraded below investment grade, the amount of collateral posted would have increased by $50 million as of March 31, 2010 and December 31, 2009. As of March 31, 2010 and December 31, 2009, BB&T had approximately $18 million and $26 million, respectively, of unsecured positions with derivative dealers. All of the derivative contracts to which BB&T is a party settle monthly, quarterly or semiannually. In the case of contracts with derivative dealers, BB&T only transacts with dealers that are national market makers whose credit ratings are strong. Further, BB&T has netting agreements with the dealers with which it does business. Because of these factors, BB&T's credit risk exposure related to derivatives contracts at March 31, 2010 and December 31, 2009 was not material. </font></p></div> </div>
266000000
266000000
103000000
103000000
39000000
39000000
0.48
0.27
0.48
0.27
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 16. Computation of Earnings Per Common Share </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The basic and diluted earnings per common share calculations are presented in the following table: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="66%"> </td>
<td valign="bottom" width="13%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="15%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>For the Three Months Ended<br />March 31,</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> 2010 </b> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> 2009 </b> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions, except<br />per share data, shares in thousands)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Basic Earnings Per Share:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net income available to common shareholders</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>188</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">271</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Weighted average number of common shares</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>690,792</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">559,801</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Basic earnings per share</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>.27</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">.48</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Diluted Earnings Per Share:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net income available to common shareholders</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>188</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">271</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Weighted average number of common shares</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>690,792</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">559,801</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Add:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Effect of dilutive outstanding equity-based awards</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,883</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,765</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Weighted average number of diluted common shares</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>698,675</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">563,566</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Diluted earnings per share</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>.27</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">.48</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">For the three months ended March 31, 2010 and 2009, the number of anti-dilutive awards was 33.2 million and 43.4 million shares, respectively. In addition, as of March 31, 2009, BB&T had a warrant outstanding for 13.9 million shares that was anti-dilutive. </font></p></div> </div>
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 14. Fair Value Disclosures </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T carries various assets and liabilities at fair value based on applicable accounting standards. In addition, BB&T has elected to account for prime residential mortgage and commercial mortgage loans held for sale at fair value in accordance with applicable accounting standards (the "Fair Value Option"). Accounting standards have established a framework for measuring fair value and defines fair value as the exchange price that would be received on the measurement date to sell an asset or the price paid to transfer a liability in the principal or most advantageous market available to the entity in an orderly transaction between market participants. These standards also established a three level fair value hierarchy that describes the inputs that are used to measure assets and liabilities. Level 1 asset and liability fair values are based on quoted prices in active markets for identical assets and liabilities. Level 2 asset and liability fair values are based on observable inputs that include: quoted market prices for similar assets or liabilities; quoted market prices that are not in an active market; or other inputs that are observable in the market and can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 assets and liabilities are financial instruments whose value is calculated by the use of pricing models and/or discounted cash flow methodologies, as well as financial instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Assets and liabilities measured at fair value on a recurring basis, including financial instruments for which BB&T has elected the Fair Value Option are summarized below: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="59%"> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom" rowspan="2"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>3/31/2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value Measurements for Assets and<br />Liabilities Measured on a Recurring Basis</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> Level 1 </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> Level 2 </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b> Level 3 </b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in Millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Assets:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Trading securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">651</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">241</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">391</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">19</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Securities available for sale:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">U.S. government-sponsored entities (GSE)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,251</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,251</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage-backed securities issued by GSE</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,852</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,852</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">States and political subdivisions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,076</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,875</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">201</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Non-agency mortgage-backed securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">975</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">975</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Equity and other securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">237</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">183</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">45</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,263</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">537</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">726</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans held for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,057</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,057</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Residential mortgage servicing rights</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">875</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">875</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivative assets: (2)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">959</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">947</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">11</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Venture capital and similar investments (1)(2)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">261</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">261</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Total assets</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>37,464</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>425</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>34,937</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2,102</b></font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Liabilities:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivative liabilities: (2)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest rate contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">652</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">636</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">10</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Foreign exchange contracts</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Short-term borrowed funds (3)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">319</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">319</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Total liabilities</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>978</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>6</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>962</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>10</b></font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<table border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="67%"> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value Measurements for<br />Assets and Liabilities Measured<br />on a Recurring Basis</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>12/31/2009</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Level 1</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Level 2</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Level 3</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="2"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in Millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Assets:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Trading securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">636</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">255</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">288</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Securities available for sale:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">U.S. government-sponsored entities (GSE)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,035</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,035</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage-backed securities issued by GSE</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,670</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,670</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">States and political subdivisions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,107</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,897</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">210</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Non-agency mortgage-backed securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,022</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,022</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Equity and other securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">218</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">166</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">43</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,201</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">533</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">668</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans held for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,551</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,551</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Residential mortgage servicing rights</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">832</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">832</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivative assets (2)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">983</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">975</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Venture capital and similar investments (1)(2)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">281</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">281</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Total assets</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>38,536</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>422</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>36,014</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2,100</b></font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Liabilities:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Derivative liabilities (2)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">700</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">668</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">27</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Short-term borrowed funds (3)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">295</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">295</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Total liabilities</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>995</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>5</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>963</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>27</b></font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Based on its analysis of the nature and risks of these investments, BB&T has determined that presenting them as a single class is appropriate. </font></td></tr></table>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">These amounts are reflected in other assets and other liabilities on the Consolidated Balance Sheets. </font></td></tr></table>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Short-term borrowed funds reflect securities sold short positions. </font></td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following discussion focuses on the valuation techniques and significant inputs used by BB&T in determining the Level 2 and Level 3 fair values of each significant class of assets and liabilities. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The fair values for available-for-sale and trading securities are generally based upon quoted market prices or observable market prices for similar instruments. BB&T generally utilizes a third-party pricing service in determining the fair value of its securities portfolio. The pricing service uses observable inputs when available including benchmark yields, reported trades, broker-dealer quotes, issuer spreads, benchmark securities, bids and offers. For certain security types, additional inputs may be used, or some inputs may not be applicable. BB&T performs a review of pricing on actual trades executed in order to validate the fair values provided by this pricing service. BB&T also analyzes available third-party market data for a sample of securities to further validate these fair values. When market observable data is not available, which generally occurs due to the lack of liquidity for certain securities, the valuation of the security is subjective and may involve substantial judgment by management. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Specific valuation techniques and inputs used in determining the fair value of each significant class of assets and liabilities follows: </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Trading securities: </i>Trading securities are composed of all types of debt and equity securities, but the majority consists of debt securities issued by the U.S. Treasury, U.S. government-sponsored entities, or states and political subdivisions. The valuation techniques used for these investments are more fully discussed below. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>U.S. government-sponsored entities (GSE) and Mortgage-backed securities issued by GSE: </i>These are debt securities issued by government sponsored entities. BB&T's valuations are based on a market approach using observable inputs such as benchmark yields and securities, TBA prices, reported trades, issuer spreads, monthly payment information and collateral performance. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>States and political subdivisions: </i>These are debt securities issued by states and political subdivisions. BB&T's valuations are primarily based on a market approach using observable inputs such as benchmark yields, MSRB reported trades, material event notices and new issue data. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Non-agency mortgage-backed securities: </i>BB&T's valuation for these debt securities is based on a market approach using observable inputs such as benchmark yields and securities, TBA prices, reported trades, monthly payment information and collateral performance. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Equity and other securities: </i>These securities consist primarily of equities, mutual funds and corporate bonds. These securities are valued based on a review of quoted market prices for identical and similar assets as well as through the various other inputs discussed previously. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Covered securities: </i>Covered securities are covered by FDIC loss sharing agreements and consist of re-remic non-agency mortgage-backed securities and municipal securities. These securities were priced primarily through broker-dealer quotes. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Loans held for sale: </i>BB&T originates certain mortgage loans to be sold to investors. These loans are carried at fair value based on BB&T's election of the Fair Value Option. The fair value is primarily based on quoted market prices for securities backed by similar types of loans. The changes in fair value of these assets are largely driven by changes in interest rates subsequent to loan funding and changes in the fair value of servicing associated with the mortgage loan held for sale. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Residential mortgage servicing rights: </i>BB&T estimates the fair value of residential mortgage servicing rights ("MSRs") using an option adjusted spread ("OAS") valuation model to project MSR cash flows over multiple interest rate scenarios, which are then discounted at risk-adjusted rates. The OAS model considers portfolio characteristics, contractually specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. When available, fair value estimates and assumptions are compared to observable market data and to recent market activity and actual portfolio experience. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Derivative assets and liabilities: </i>BB&T uses derivatives to manage various financial risks. The fair values of derivative financial instruments are determined based on quoted market prices, dealer quotes and internal pricing models that are primarily sensitive to market observable data. The fair value of interest rate lock commitments, which are related to mortgage loan commitments, is based on quoted market prices adjusted for commitments that BB&T does not expect to fund and includes the value attributable to the net servicing fee. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Venture capital and similar investments: </i>BB&T has venture capital and similar investments that are carried at fair value. In many cases there are no observable market values for these investments and therefore management must estimate the fair value based on a comparison of the operating performance of the company to multiples in the marketplace for similar entities. This analysis requires significant judgment and actual values in a sale could differ materially from those estimated. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Short-term borrowed funds: </i>Short-term borrowed funds represent debt securities sold short. These are entered into through BB&T's brokerage subsidiary Scott & Stringfellow, LLC. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The tables below present reconciliations for the three months ended March 31, 2010 and 2009, respectively, for Level 3 assets and liabilities that are measured at fair value on a recurring basis. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="45%"> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="24" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value Measurements Using Significant Unobservable Inputs</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom" nowrap="nowrap">
<p
style="border-bottom: #000000 1px solid; width: 155pt;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>For the Three Months Ended March 31, 2010</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Trading</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>States &<br />Political<br />Subdivisions</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Equity &<br />Other<br />Securities</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Covered<br />Securities</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Mortgage<br />Servicing<br />Rights</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Net<br />Derivatives</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Venture<br />Capital and<br />Similar<br />Investments</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="24" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Balance at January 1, 2010</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">210</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">668</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">832</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(20</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">281</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total realized and unrealized gains or losses:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Included in earnings</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">16</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(26</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">17</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Included in other comprehensive income (loss)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">42</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Purchases, issuances and settlements</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(10</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">69</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(23</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Transfers into Level 3</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Transfers out of Level 3</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(76</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Balance at March 31, 2010</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">19</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">201</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">726</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">875</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">261</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="51%"> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="21" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value Measurements Using Significant Unobservable Inputs</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom" nowrap="nowrap">
<p
style="border-bottom: #000000 1px solid; width: 155pt;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>For the Three Months Ended March 31, 2009</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Trading</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Non-agency<br />mortgage-backed<br />securities</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Equity &<br />Other<br />Securities</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Mortgage<br />Servicing<br />Rights</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Net<br />Derivatives</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Venture<br />Capital and<br />Similar<br />Investments</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="21" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Balance at January 1, 2009</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,098</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">370</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">37</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">182</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total realized and unrealized gains or losses:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Included in earnings</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(78</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">41</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 4em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Included in other comprehensive income (loss)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(17</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Purchases, issuances and settlements</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(47</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">73</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(23</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">9</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Transfers in and/or out of Level 3</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Balance at March 31, 2009</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,034</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">365</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">55</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">190</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T's policy is to recognize transfers in and transfers out of Levels 1, 2 and 3 as of the end of the reporting period. For the three months ended March 31, 2010 and 2009, BB&T transferred $76 million and $11 million, respectively, in trading securities from Level 3 to Level 2 as a result of increased market activity for these securities. There were no significant transfers between Level 1 and Level 2 during the three months ended March 31, 2010. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">There were no gains or losses recognized as a result of the transfers of securities between Level 2 and Level 3 in either the three months ended March 31, 2010 or 2009, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T has investments in venture capital funds and other similar investments that are measured at fair value based on the investment's net asset value. The significant investment strategies for these ventures are primarily equity and subordinated debt in privately-held middle market companies. The majority of these investments are not redeemable and have varying dates for which the underlying assets are expected to be liquidated by distribution through 2018. As of March 31, 2010, restrictions on the ability to sell the investments include, but are not limited to, consent of majority member or general partner approval for transfer of ownership. There were no investments probable of sale for less than net asset value at March 31, 2010. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The tables below summarize unrealized and realized gains and losses recorded in earnings for Level 3 assets and liabilities for the three months ended March 31, 2010 and 2009, respectively. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="69%"> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="12" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total Gains and Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom" nowrap="nowrap">
<p
style="border-bottom: #000000 1px solid; width: 155pt;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>For the Three Months Ended March 31, 2010</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Covered<br />Securities</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Mortgage<br />Servicing<br />Rights</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Net<br />Derivatives</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Venture<br />Capital and<br />Similar<br />Investments</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="12" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in Millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Classification of gains and losses (realized/unrealized) included in earnings for the period:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Interest income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">16</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage banking income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(26</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">17</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other noninterest income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">16</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(26</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">17</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net unrealized gains (losses) included in net income relating to assets and liabilities still held at March 31, 2010</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">16</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="74%"> </td>
<td valign="bottom" width="7%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="7%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="7%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="9" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total Gains and Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom" nowrap="nowrap">
<p
style="border-bottom: #000000 1px solid; width: 155pt;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>For the Three Months Ended March 31, 2009</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Mortgage<br />Servicing<br />Rights</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Net<br />Derivatives</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Venture<br />Capital and<br />Similar<br />Investments</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="9" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in Millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Classification of gains and losses (realized/unrealized) included in earnings for the period:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage banking income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(78</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">41</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other noninterest income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(78</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">41</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net unrealized gains (losses) included in net income relating to assets and liabilities still held at March 31, 2009</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(46</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">55</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">For the three months ended March 31, 2010, the net realized and unrealized gains (losses) reported for mortgage servicing rights assets are composed of a positive valuation adjustment of $5 million less the realization of expected net servicing cash flows of $31 million. For the three months ended March 31, 2009, the net realized and unrealized gains (losses) reported for mortgage servicing rights assets are composed of a negative valuation adjustment of $46 million plus the realization of expected net servicing cash flows of $32 million. BB&T uses various derivative financial instruments to mitigate the income statement effect of changes in fair value due to its quarterly valuation. During the three months ended March 31, 2010 and 2009, the derivative instruments produced losses of $1 million and gains of $74 million, respectively, which offset the valuation adjustments recorded. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following table details the fair value and unpaid principal balance of loans held for sale at March 31, 2010 and December 31, 2009 that were elected to be carried at fair value. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="62%"> </td>
<td valign="bottom" width="2%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="2%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="2%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="2%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="2%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="2%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Aggregate<br />Unpaid<br />Principal<br />Balance</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value<br />Less<br />Aggregate<br />Unpaid<br />Principal<br />Balance</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Aggregate<br />Unpaid<br />Principal<br />Balance</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value<br />Less<br />Aggregate<br />Unpaid<br />Principal<br />Balance</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="18" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans held for sale reported at fair value </font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total (1)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,057</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,047</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">10</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,551</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,544</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Nonaccrual loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans 90 days or more past due and still accruing interest</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The change in fair value is reflected in mortgage banking income. </font></td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Also, BB&T may be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis. Assets measured at fair value on a nonrecurring basis for the periods ended March 31, 2010 and December 31, 2009 that were still held on the balance sheet at March 31, 2010 and December 31, 2009 totaled $2.6 billion and $2.4 billion, respectively. The March 31, 2010 amount consists of $1.1 billion of impaired loans, excluding covered loans, and $1.5 billion of foreclosed real estate, excluding covered foreclosed real estate, that were classified as Level 3 assets. The December 31, 2009 amount consists of $941 million of impaired loans, excluding covered loans, and $1.5 billion of foreclosed real estate, excluding covered foreclosed real estate, that were classified as Level 3 assets. During the three months ended March 31, 2010 and 2009, BB&T recorded $159 million and $79 million, respectively, in losses related to write-downs of impaired loans and $125 million and $16 million, respectively, in losses related to write-downs of foreclosed real estate. These write-downs are generally based on the appraised value of the underlying collateral. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Accounting standards require the disclosure of the estimated fair value of all financial instruments. A financial instrument is defined as cash, evidence of an ownership interest in an entity or a contract that creates a contractual obligation or right to deliver or receive cash or another financial instrument from a second entity. BB&T has recorded certain assets and liabilities at fair value based on the Fair Value Option or as required by the applicable accounting standards. The following is a summary of the carrying amounts and fair values of those financial assets and liabilities that BB&T has not recorded at fair value: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="66%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Carrying<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Carrying<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="11" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Financial assets:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans and leases, net of allowance for loan and lease losses</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>99,630</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>99,329</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">101,056</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">100,794</font></td></tr>
<tr>
<td height="8"> </td>
<td height="8" colspan="3"> </td>
<td height="8" colspan="3"> </td>
<td height="8" colspan="3"> </td>
<td height="8" colspan="3"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Financial liabilities:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Deposits</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>113,723</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>111,602</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">114,965</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">112,917</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Long-term debt</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>21,428</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>21,142</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">21,376</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">21,018</font></td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following is a summary of the notional or contractual amounts and fair values of BB&T's off-balance sheet financial instruments as of the periods indicated: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="68%"> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Notional/<br />Contract<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Notional/<br />Contract<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="11" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Contractual commitments:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Commitments to extend, originate or purchase credit</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>37,956</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>48</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">36,130</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">48</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Residential mortgage loans sold with recourse</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>1,932</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>6</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,986</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other loans sold with recourse</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>4,018</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>14</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,989</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">12</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Letters of credit and financial guarantees written</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,967</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>30</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7,999</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">40</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Commitments to fund affordable housing investments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>309</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>296</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">371</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">357</font></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Estimates of the fair value of these financial instruments are made at a point in time, based on relevant market data and information about the financial instrument. Fair values are calculated based on the value of one trading unit without regard to any premium or discount that may result from concentrations of ownership of a financial instrument, possible tax ramifications, estimated transaction costs that may result from bulk sales or the relationship between various financial instruments. No readily available market exists for a significant portion of BB&T's financial instruments. Fair value estimates for these instruments are based on current economic conditions, currency and interest rate risk characteristics, loss experience and other factors. Many of these estimates involve uncertainties and matters of significant judgment and cannot be determined with precision. Therefore, the calculated fair value estimates in many instances cannot be substantiated by comparison to independent markets and, in many cases, may not be realizable in a current sale of the instrument. In addition, changes in assumptions could significantly affect these fair value estimates. The following methods and assumptions were used by BB&T in estimating the fair value of these financial instruments. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Cash and cash equivalents and segregated cash due from banks</i>: For these short-term instruments, the carrying amounts are a reasonable estimate of fair values. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Loans receivable</i>: The fair values for loans are estimated using discounted cash flow analyses, applying interest rates currently being offered for loans with similar terms and credit quality. The interest rates being offered by BB&T for new loans with similar terms and credit quality are reflective of credit risk and liquidity spreads inherent in an orderly transaction in the current market. For commercial loans and leases, internal credit risk models are used to adjust discount rates for risk migration since inception. For residential mortgage and other consumer loans, internal prepayment risk models are used to adjust contractual cash flows. Loans are aggregated into pools of similar terms and credit quality and discounted using a LIBOR based rate. The carrying amounts of accrued interest approximate fair values. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Deposit liabilities</i>: The fair values for demand deposits, interest-checking accounts, savings accounts and certain money market accounts are, by definition, equal to the amount payable on demand at the reporting date, i.e., their carrying amounts. Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies current interest rates to aggregate expected maturities. In addition, nonfinancial instruments such as core deposit intangibles are not recorded at fair value. BB&T has developed long-term relationships with its customers through its deposit base and in the opinion of management, these items add significant value to BB&T. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds</i>: The carrying amounts of Federal funds purchased, borrowings under repurchase agreements and short-term borrowed funds approximate their fair values. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Long-term debt</i>: The fair values of long-term debt are estimated based on quoted market prices for the instrument if available, or for similar instruments if not available, or by using discounted cash flow analyses, based on BB&T's current incremental borrowing rates for similar types of instruments. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><i>Contractual commitments</i>: The fair values of commitments are estimated using the fees charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair values also consider the difference between current levels of interest rates and the committed rates. The fair values of guarantees and letters of credit are estimated based on the counterparties' creditworthiness and average default rates for loan products with similar risks. The fair values of commitments to fund affordable housing investments are estimated using the net present value of future commitments. </font></p></div> </div>
398000000
399000000
35000000
40000000
156000000
164000000
32000000
38000000
53000000
65000000
36000000
178000000
150000000
-3000000
6053000000
6055000000
<div> <div>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 6. Goodwill and Other Intangible Assets </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The changes in the carrying amounts of goodwill attributable to each of BB&T's operating segments for the three months ended March 31, 2010 are reflected in the table below. To date, there have been no goodwill impairments recorded by BB&T. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="49%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom" rowspan="3"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="25" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Goodwill Activity by Operating Segment</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Banking<br />Network</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Residential<br />Mortgage<br />Banking</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Sales<br />Finance</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Specialized<br />Lending</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Insurance<br />Services</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Financial<br />Services</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>All<br />Other</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="25" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Balance January 1, 2010</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,569</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">110</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,056</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">192</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6,053</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Contingent consideration</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" nowrap="nowrap" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other adjustments</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(4</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Balance, March 31, 2010</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,568</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">107</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,062</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">192</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6,055</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following table presents the gross carrying amounts and accumulated amortization for BB&T's identifiable intangible assets subject to amortization at the dates presented: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="52%"> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="19" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Identifiable Intangible Assets</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="9" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>As of March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="9" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>As of December 31, 2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gross<br />Carrying<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Accumulated<br />Amortization</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Net<br />Carrying<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gross<br />Carrying<br />Amount</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Accumulated<br />Amortization</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Net<br />Carrying<br />Amount</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="19" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Identifiable intangible assets</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Core deposit intangibles</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">626</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(392</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">234</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">633</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(375</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">258</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other (1)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">755</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(388</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">367</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">755</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(373</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">382</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Totals</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,381</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(780</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">601</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,388</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(748</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">640</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other identifiable intangibles are primarily customer relationship intangibles. </font></td></tr></table></div> </div>
36000000
12000000
432000000
242000000
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 11. Income Taxes </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T's provision for income taxes was $48 million and $114 million for the three months ended March 31, 2010 and 2009, respectively, representing effective tax rates of 19.8% and 26.4% during those periods. The lower effective tax rate is primarily the result of an increase in tax credits and a relatively equal level of tax-exempt income on a lower level of pre-tax income. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The IRS has completed its federal income tax examinations of BB&T through 2006. In connection with the settlement agreement with the IRS regarding its leveraged lease transactions, BB&T is entitled to federal income tax refunds for tax years 1998-2006. During the first quarter of 2010, BB&T received federal tax refunds including interest of approximately $354 million for tax years 1998-2005 and expects to receive additional federal tax refunds of approximately $25 million for tax year 2006 later in 2010. In February 2010, BB&T received an IRS statutory notice of deficiency for tax years 2002-2007 asserting a liability for taxes, penalties and interest of approximately $892 million related to the disallowance of foreign tax credits and other deductions claimed by a deconsolidated subsidiary in connection with a financing transaction. Management has consulted with outside counsel and continues to believe that BB&T's treatment of this transaction was in compliance with applicable tax laws and regulations. Consequently, BB&T paid the disputed tax, penalties and interest, and it filed a lawsuit seeking a refund in the U.S. Court of Federal Claims in March 2010. Management believes the Company's current reserves for this matter are adequate, although the final outcome is uncertain. Final resolution of this matter is not expected to occur within the next twelve months. Various years remain subject to examination by state taxing authorities. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p></div> </div>
138000000
636000000
114000000
48000000
-7993000000
-365000000
2355000000
-457000000
-3562000000
-66000000
4376000000
1155000000
-73000000
-97000000
105000000
15000000
252000000
253000000
640000000
601000000
1679000000
1779000000
352000000
336000000
1322000000
1440000000
667000000
574000000
3420000000
3504000000
533000000
465000000
346000000
259000000
164000000
201000000
23000000
5000000
470000000
739000000
1146000000
1314000000
484000000
430000000
82000000
79000000
<div> <div>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 3. Securities </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The amortized cost and approximate fair values of securities available for sale were as follows: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="74%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="11" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Amortized</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Cost</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gross Unrealized</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Value</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gains</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="11" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Securities available for sale:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">U.S. government-sponsored entities (GSE)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,284</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">36</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,251</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage-backed securities issued by GSE</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,624</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">321</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,852</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">States and political subdivisions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,145</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">53</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">122</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,076</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Non-agency mortgage-backed securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,260</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">285</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">975</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Equity and other securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">215</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">22</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">237</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,182</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">92</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">11</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,263</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total securities available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32,710</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">491</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">547</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32,654</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr>
<td height="16"> </td>
<td height="16" colspan="12"> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="11" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Amortized</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Cost</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gross Unrealized</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair</b></font><br /><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Value</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Gains</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="11" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Securities available for sale:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">U.S. government-sponsored entities (GSE)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,090</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">60</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,035</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage-backed securities issued by GSE</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,649</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">231</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">210</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">26,670</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">States and political subdivisions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,176</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">56</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">125</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,107</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Non-agency mortgage-backed securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,339</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">317</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,022</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Equity and other securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">196</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">22</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">218</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,166</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">47</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">12</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,201</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total securities available for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">33,616</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">361</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">724</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">33,253</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">As of March 31, 2010, the fair value of covered securities included $958 million of non-agency mortgage-backed securities and $305 million of municipal securities. As of December 31, 2009, the fair value of covered securities included $896 million of non-agency mortgage-backed securities and $305 million of municipal securities. All covered securities were acquired from Colonial and are covered by one of the FDIC loss share agreements, as further discussed in BB&T's Annual Report on Form 10-K for the year ended December 31, 2009. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">At March 31, 2010 and December 31, 2009, securities with carrying value of approximately $20.4 billion and $20.7 billion were pledged to secure municipal deposits, securities sold under agreements to repurchase, other borrowings, and for other purposes as required or permitted by law. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T had certain investments in marketable debt securities and mortgage-backed securities issued by the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") that exceeded ten percent of shareholders' equity at March 31, 2010. The Fannie Mae investments had total amortized cost and fair values of $18.7 billion and $18.8 billion, respectively, at March 31, 2010, while Freddie Mac investments had total amortized cost and fair values of $6.8 billion and $6.9 billion, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">At March 31, 2010 and December 31, 2009, non-agency mortgage-backed securities primarily consisted of residential mortgage-backed securities. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The gross realized gains and losses and other than temporary impairments recognized in income during the first three months of 2010 and 2009 are reflected in the following table: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="75%"> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="10%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31,<br />2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31,<br />2009</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Gross gains</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">186</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Gross losses</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net realized gains/(losses)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">186</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other than temporary impairment ("OTTI") recognized in income</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(6</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(36</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net securities gains/(losses)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(3</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">150</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The amortized cost and estimated fair value of the debt securities portfolio at March 31, 2010, by contractual maturity, are shown in the accompanying table. The expected life of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to prepay the underlying mortgage loans with or without prepayment penalties. For purposes of the maturity table, mortgage-backed securities, which are not due at a single maturity date, have been included in maturity groupings based on the contractual maturity. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="76%"> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="6%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Available for Sale</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Amortized<br />Cost</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Debt Securities:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Due in one year or less</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">131</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">132</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Due after one year through five years</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">78</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">83</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Due after five years through ten years</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,955</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,992</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Due after ten years</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">29,324</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">29,206</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total debt securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32,488</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32,413</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total securities with no stated maturity</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">222</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">241</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 7em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32,710</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">32,654</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following tables reflect the gross unrealized losses and fair values of BB&T's investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at the dates presented. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="56%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="17" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Less than 12 months</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>12 months or more</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Losses</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="17" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Securities:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">U.S. government-sponsored entities (GSE)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,136</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">36</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,136</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">36</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage-backed securities issued by GSE</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">13,083</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">15</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">13,098</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">States and political subdivisions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">380</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">68</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">269</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">54</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">649</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">122</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Non-agency mortgage-backed securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">960</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">285</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">960</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">285</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Equity and other securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">15</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">15</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">139</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">11</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">139</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">11</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total temporarily impaired securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">14,753</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">208</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,244</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">339</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">15,997</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">547</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr>
<tr>
<td height="16"> </td>
<td height="16" colspan="18"> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="17" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Less than 12 months</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>12 months or more</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair<br />Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Losses</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="17" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Securities:</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">U.S. government-sponsored entities (GSE)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,843</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">60</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,843</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">60</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Mortgage-backed securities issued by GSE</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">16,338</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">210</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">114</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">16,452</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">210</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">States and political subdivisions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">409</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">65</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">274</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">60</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">683</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">125</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Non-agency mortgage-backed securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">181</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">66</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">825</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">251</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,006</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">317</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Equity and other securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">13</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">14</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">94</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">12</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">94</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">12</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total temporarily impaired securities</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">18,878</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">413</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,214</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">311</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">20,092</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">724</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T periodically evaluates available-for-sale securities for other-than-temporary impairment. Based on its evaluations during the first quarter of 2010, BB&T recognized $12 million of other-than-temporary impairments which related to non-agency mortgage-backed securities, and of that amount $6 million was recognized in net income and $6 million was recorded in other comprehensive income. Based on its evaluations during the first quarter of 2009, BB&T recorded $36 million of other-than-temporary impairments in net income related to certain debt and equity securities. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">On March 31, 2010, BB&T held certain investment securities having continuous unrealized loss positions for more than 12 months. As of March 31, 2010, the unrealized losses on these securities totaled $339 million. All of these losses were in non-agency mortgage-backed and municipal securities. At March 31, 2010, all of the available-for-sale debt securities in an unrealized loss position, excluding those covered by FDIC loss sharing agreements, were investment grade with the exception of (a) one auction rate security with an amortized cost of $2 million; (b) two municipal bonds with an amortized cost of $8 million; (c) twelve non-agency mortgage-backed securities with an amortized cost of $829 million and (d) one non-agency commercial mortgage-backed security with an amortized cost of $25 million. All of the non-investment grade securities referenced above were initially investment grade and have been downgraded since purchase. BB&T evaluated all of its debt securities for credit impairment. Based on its evaluation at March 31, 2010, BB&T determined that certain of the non-investment grade non-agency mortgage-backed securities had credit losses evident and recognized other-than-temporary impairments related to these securities. Approximately $6 million of the decline in fair value related to credit losses and was recognized in net income. BB&T's evaluation of the other debt securities with continuous unrealized losses indicated that there were no credit losses evident. Furthermore, BB&T does not intend to sell and it is more likely than not that the Company will not be required to sell these debt securities before the anticipated recovery of the amortized cost basis. See the "Summary Analysis Supporting Conclusions" section below for further details regarding BB&T's below investment grade securities with significant unrealized losses. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T conducts periodic reviews to identify and evaluate each investment that has an unrealized loss for other-than-temporary impairment. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. Unrealized losses that are determined to be temporary in nature are recorded, net of tax, in accumulated other comprehensive income for available-for-sale securities. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Factors considered in determining whether a loss is temporary include: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The financial condition and near-term prospects of the issuer, including any specific events that may influence the operations of the issuer; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">BB&T's intent to sell and whether it is more likely than not that the Company will be required to sell these debt securities before the anticipated recovery of the amortized cost basis; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The length of the time and the extent to which the market value has been less than cost; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Whether the decline in fair value is attributable to specific conditions, such as conditions in an industry or in a geographic area; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Whether a debt security has been downgraded by a rating agency; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Whether the financial condition of the issuer has deteriorated; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The seniority of the security; </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Whether dividends have been reduced or eliminated, or scheduled interest payments on debt securities have not been made; and </font></p></td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 6px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="5%"><font
class="_mt" size="1"> </font></td>
<td valign="top" width="2%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">•</font></td>
<td valign="top" width="1%"><font
class="_mt" size="1"> </font></td>
<td valign="top" align="left">
<p align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Any other relevant available information. </font></p></td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">For certain U.S. mortgage-backed securities (and in particular for non-agency Alt-A, Prime and other mortgage-backed securities that have significant unrealized losses as a percentage of amortized cost), credit impairment is assessed using a cash flow model that estimates the cash flows on the underlying mortgage pools, using security-specific structure information. The model estimates cash flows from the underlying mortgage loan pools and distributes those cash flows to the various tranches of securities, considering the transaction structure and any subordination and credit enhancements that exist in each structure. The cash flow model projects the remaining cash flows using a number of assumptions, including default rates, prepayment rates and recovery rates (on foreclosed properties). </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Management reviews the result of the cash flow model, internal credit analysis and other market observable information in its estimation of possible future credit losses. If management does not expect to recover the entire amortized cost basis of a mortgage-backed security, the Company records other-than-temporary impairment equal to the amount of expected credit losses in the mortgage-backed security. The remaining amount of unrealized loss is recognized as a component of other comprehensive income. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Where a mortgage-backed security is not deemed to be credit impaired, management performs additional analysis to assess whether it intends to sell and it is more likely than not that the Company will be required to sell these debt securities before anticipated recovery of the amortized cost basis. In making this determination, BB&T considers its expected liquidity and capital needs, including its asset/liability management needs, forecasts, strategies and other relevant information. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; margin-bottom: 0px; margin-left: 2%;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b><i>Summary Analysis Supporting Conclusions </i></b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following table presents a detailed analysis of non-investment grade securities with significant unrealized losses that are not covered by a loss sharing arrangement, as the vast majority of potential losses related to covered securities would be reimbursed by the FDIC. The expected underlying collateral losses represent losses on the underlying mortgage pools supporting BB&T's tranche. The benefits from subordination represent the amount of the expected losses the subordinate security holders are obligated to absorb prior to BB&T incurring a loss.</font></p>
<p
style="margin-top: 18px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>Non-investment grade securities with significant unrealized losses </b></font></p>
<p
style="margin-top: 6px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>As of March 31, 2010 </b></font></p>
<p
style="margin-top: 6px; margin-bottom: 0px;" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(Dollars in millions) </b></font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="36%"> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom" nowrap="nowrap">
<p
style="border-bottom: #000000 1px solid; width: 28pt;"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Security</b></font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Amortized<br />Cost</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fair Value</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Unrealized<br />Loss</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Moody's</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Credit<br />Rating<br />S&P</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Fitch</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Expected<br />Underlying<br />Collateral<br />Losses</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Benefit of<br />Subordination</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top" colspan="23">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Securities with other-than-temporary impairment losses (1):</font></p></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 1</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">59</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">48</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> 2</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 2</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">122</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(29</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 3</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">58</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">46</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(12</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Ba2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 4</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">154</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">120</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(34</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Caa1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">10</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 5</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">55</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">35</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(20</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Caa2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">C</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 6</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">47</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">36</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(11</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">B3</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td></tr>
<tr>
<td height="8" colspan="23"> </td></tr>
<tr>
<td valign="top" colspan="23">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Securities without other-than-temporary impairment losses (2):</font></p></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 7</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">60</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">19</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(41</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Caa1</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 8</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">111</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">74</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(37</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Caa2</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">RMBS 9</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">118</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">71</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(47</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="2">CCC</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5</font></td></tr></table>
<p
style="border-bottom: #000000 0.5pt solid; line-height: 8px; margin-top: 0px; width: 10%; margin-bottom: 2px;"> </p>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(1)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The total amount of other-than-temporary impairment related to these securities in the first quarter of 2010 was $12 million, and of that amount $6 million was recognized in current year income while $6 million was recorded in other comprehensive income. </font></td></tr></table>
<table
style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(2)</font></td>
<td valign="top" align="left"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Additional benefits of subordination are available in excess of the expected underlying collateral losses. </font></td></tr></table></div> </div>
600000000
646000000
149523000000
147172000000
165764000000
163700000000
29000000
35000000
2600000000
2714000000
103656000000
102344000000
101056000000
99630000000
<div> <div>
<p
style="margin-top: 18px; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>NOTE 4. Loans and Leases </b></font></p>
<p
style="margin-top: 6px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following table provides a breakdown of BB&T's loan portfolio as of March 31, 2010 and December 31, 2009: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="78%"> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="5%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31,<br />2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31,<br />2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="5" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans and leases, net of unearned income:</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Commercial loans and leases</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>49,304</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">49,820</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Sales finance loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>6,555</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">6,290</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Revolving credit loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>1,981</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,016</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Direct retail loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>14,055</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">14,283</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Residential mortgage loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>15,498</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">15,435</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Specialized lending loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,394</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">7,670</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other acquired loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>99</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">123</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total loans and leases held for investment (excluding covered loans)</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>94,886</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">95,637</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,458</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8,019</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total loans and leases held for investment</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>102,344</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">103,656</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Loans held for sale</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2,057</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,551</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 5em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total loans and leases</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>104,401</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">106,207</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Covered loans represent loans acquired from the FDIC subject to one of the loss sharing agreements. Other acquired loans represent consumer loans acquired from the FDIC that are not subject to one of the loss sharing agreements. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following table reflects the carrying value of all purchased impaired and nonimpaired loans as of March 31, 2010 and December 31, 2009: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="52%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31, 2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="8" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31, 2009</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Purchased<br />Impaired<br />Loans</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Purchased<br />Nonimpaired<br />Loans</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Purchased<br />Impaired<br />Loans</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Purchased<br />Nonimpaired<br />Loans</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Total</b></font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="20" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Residential mortgage loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>814</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>777</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>1,591</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">826</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">806</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,632</font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Commercial real estate loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2,583</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2,407</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>4,990</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,732</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,574</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">5,306</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Commercial loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>84</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>793</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>877</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">94</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">987</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,081</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total covered loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>3,481</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>3,977</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,458</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,652</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,367</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8,019</font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Other acquired loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>5</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>94</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>99</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">14</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">109</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">123</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>3,486</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>4,071</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,557</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,666</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,476</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8,142</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Allowance for loan losses</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(15</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(4</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>(19</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>) </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 3em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Net</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>3,471</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>4,067</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>7,538</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,666</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,476</font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">8,142</font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Changes in the carrying amount and accretable yield for purchased impaired and nonimpaired loans, excluding loans held for sale, were as follows for the period ended March 31, 2010: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="68%"> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Purchased Impaired</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Purchased Nonimpaired</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Accretable<br />Yield</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Carrying<br />Amount<br />of Loans</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Accretable<br />Yield</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>Carrying<br />Amount<br />of Loans</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="14" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Balance at beginning of period</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">889</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,666</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,301</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,476</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Additions</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Accretion</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(83</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">83</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(82</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">82</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Reclassifications from nonaccretable balance , net</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">370</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">93</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Payments received, net</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(263</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">— </font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">(487</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2">) </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Balance at end of period</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,176</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">3,486</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">1,312</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">4,071</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td
style="border-top: #000000 3px double;" valign="bottom"> </td>
<td> </td></tr></table>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The outstanding unpaid principal balance for all purchased impaired loans as of March 31, 2010 and December 31, 2009 was $5.2 billion and $5.7 billion, respectively. The outstanding unpaid principal balance for all purchased nonimpaired loans as of March 31, 2010 and December 31, 2009 was $6.1 billion and $6.6 billion, respectively. </font></p>
<p
style="margin-top: 12px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">At March 31, 2010 and December 31, 2009, none of the purchased impaired or purchased nonimpaired loans were classified as nonperforming assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all purchased loans. The allowance for credit losses related to the purchased loans results from decreased expectations of future cash flows for certain acquired loan pools. </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px;"><font
class="_mt" size="1"> </font> </p>
<p
style="margin-top: 0px; text-indent: 4%; margin-bottom: 0px;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">The following table sets forth certain information regarding BB&T's impaired loans, excluding acquired impaired loans, that were evaluated for specific reserves: </font></p>
<p
style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="78%"> </td>
<td valign="bottom" width="7%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="7%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>March 31,<br />2010</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td
style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>December 31,<br />2009 (1)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom" colspan="6" align="center"><font
style="font-family: Times New Roman;"
class="_mt" size="1"><b>(Dollars in millions)</b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total recorded investment—impaired loans</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>3,099</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2">$</font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">2,305</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr
style="font-size: 1px;">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td>
<td valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td
style="border-top: #000000 1px solid;" valign="bottom"> </td>
<td> </td></tr>
<tr>
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total recorded investment with no related valuation allowance</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>316</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2">611</font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td></tr>
<tr bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; margin-left: 1em;"><font
style="font-family: Times New Roman;"
class="_mt" size="2">Total recorded investment with related valuation allowance</font></p></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom" align="right"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b>2,783</b></font></td>
<td valign="bottom" nowrap="nowrap"><font
style="font-family: Times New Roman;"
class="_mt" size="2"><b> </b></font></td>
<td valign="bottom"><font
class="_mt" size="1"> </font></td>
<td valign="bottom"><font
style="font-family: Times New Roman;"
class="_mt" size="2"> </font></td>