0000092230 us-gaap:CommonStockAtParValueMember 2008-01-01 2008-06-30 0000092230 us-gaap:CommonStockMember 2008-01-01 2008-06-30 0000092230 us-gaap:CommonStockMember 2009-01-01 2009-06-30 0000092230 us-gaap:CommonStockAtParValueMember 2009-01-01 2009-06-30 0000092230 us-gaap:RetainedEarningsMember 2009-06-30 0000092230 us-gaap:PreferredStockMember 2009-06-30 0000092230 us-gaap:CommonStockAtParValueMember 2009-06-30 0000092230 us-gaap:AdditionalPaidInCapitalMember 2009-06-30 0000092230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-06-30 0000092230 bbt:NoncontrollingInterestMember 2009-06-30 0000092230 us-gaap:RetainedEarningsMember 2008-12-31 0000092230 us-gaap:PreferredStockMember 2008-12-31 0000092230 us-gaap:CommonStockAtParValueMember 2008-12-31 0000092230 us-gaap:AdditionalPaidInCapitalMember 2008-12-31 0000092230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-12-31 0000092230 bbt:NoncontrollingInterestMember 2008-12-31 0000092230 us-gaap:RetainedEarningsMember 2008-06-30 0000092230 us-gaap:CommonStockAtParValueMember 2008-06-30 0000092230 us-gaap:AdditionalPaidInCapitalMember 2008-06-30 0000092230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-06-30 0000092230 bbt:NoncontrollingInterestMember 2008-06-30 0000092230 us-gaap:RetainedEarningsMember 2007-12-31 0000092230 us-gaap:CommonStockAtParValueMember 2007-12-31 0000092230 us-gaap:AdditionalPaidInCapitalMember 2007-12-31 0000092230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2007-12-31 0000092230 bbt:NoncontrollingInterestMember 2007-12-31 0000092230 us-gaap:CommonStockMember 2009-06-30 0000092230 us-gaap:CommonStockMember 2008-12-31 0000092230 us-gaap:CommonStockMember 2008-06-30 0000092230 us-gaap:CommonStockMember 2007-12-31 0000092230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-01-01 2009-06-30 0000092230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-01-01 2008-06-30 0000092230 us-gaap:RetainedEarningsMember 2008-01-01 2008-06-30 0000092230 2007-12-31 0000092230 2008-06-30 0000092230 2009-07-31 0000092230 us-gaap:AdditionalPaidInCapitalMember 2008-01-01 2008-06-30 0000092230 2009-06-30 0000092230 2008-12-31 0000092230 2009-04-01 2009-06-30 0000092230 2008-04-01 2008-06-30 0000092230 us-gaap:RetainedEarningsMember 2009-01-01 2009-06-30 0000092230 us-gaap:PreferredStockMember 2009-01-01 2009-06-30 0000092230 us-gaap:AdditionalPaidInCapitalMember 2009-01-01 2009-06-30 0000092230 bbt:NoncontrollingInterestMember 2009-01-01 2009-06-30 0000092230 2009-01-01 2009-06-30 0000092230 bbt:NoncontrollingInterestMember 2008-01-01 2008-06-30 0000092230 2008-01-01 2008-06-30 xbrli:pure iso4217:USD xbrli:shares xbrli:shares iso4217:USD 2000000 2000000 -8000000 -9000000 1000000 52000000 -52000000 <div> <div style= "FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: Times New Roman, Serif"> NOTE 2. Business Combinations and Intangible Assets      Acquisitions           During the first six months of 2009, BB&T acquired certain assets of an insurance premium financing business. Approximately $8 million of goodwill and $6 million of identifiable intangibles were recorded in connection with this transaction.      Goodwill and Other Intangible Assets           The changes in the carrying amount of goodwill attributable to each of BB&T’s operating segments for the six months ended June 30, 2009, are as follows: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="22%"></td> <td align="middle" width="1%"></td> <td align="middle" width="8%"></td> <td align="middle" width="1%"></td> <td align="middle" width="1%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="1%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="16"> Goodwill Activity by Operating Segment </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Residential  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"> Banking </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage  </td> <td align="middle">   </td> <td align="middle"> Sales  </td> <td align="middle" colspan="2"> Specialized  </td> <td align="middle" colspan="2"> Insurance  </td> <td align="middle">   </td> <td align="middle"> Financial  </td> <td align="middle">   </td> <td align="middle"> All  </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Network </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Banking </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Finance  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2">   Lending  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2">   Services  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Services  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Other  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Total  </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="16"> (Dollars in millions) </td> </tr> <tr> <td colspan="18">   </td> </tr> <tr valign="bottom"> <td align="left"> Balance,  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> January 1, 2009  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 4,038 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   $  </td> <td align="right" bgcolor="#80FFFF"> 7  </td> <td align="left" bgcolor="#80FFFF">   $  </td> <td align="right" bgcolor="#80FFFF"> 93  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 98  </td> <td align="left" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 1,029  </td> <td align="left" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 192  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 26  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 5,483  </td> </tr> <tr> <td colspan="18">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Acquisitions  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 8  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 8  </td> </tr> <tr valign="bottom"> <td align="left">      Other  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      adjustments  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> (2 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 2  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> </tr> <tr valign="bottom"> <td align="left"> Balance,  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> June 30, 2009  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 4,036 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 7  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 93  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 108  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1,029  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 192  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 26  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 5,491  </td> </tr> </tbody> </table>           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: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="35%"></td> <td align="middle" width="1%"></td> <td align="middle" width="9%"></td> <td align="middle" width="2%"></td> <td align="middle" width="9%"></td> <td align="middle" width="1%"></td> <td align="middle" width="1%"></td> <td align="middle" width="9%"></td> <td align="middle" width="2%"></td> <td align="middle" width="9%"></td> <td align="middle" width="2%"></td> <td align="middle" width="9%"></td> <td align="middle" width="1%"></td> <td align="middle" width="1%"></td> <td align="middle" width="9%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Identifiable Intangible Assets </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="6"> As of June 30, 2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="6"> As of December 31, 2008 </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">    Gross  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Net </td> <td align="middle">   </td> <td align="middle">    Gross  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Net </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"> Carrying  </td> <td align="middle" colspan="2"> Accumulated </td> <td align="middle">   </td> <td align="middle" colspan="2"> Carrying  </td> <td align="middle">   </td> <td align="middle"> Carrying  </td> <td align="middle" colspan="2"> Accumulated </td> <td align="middle">   </td> <td align="middle" colspan="2"> Carrying  </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Amortization </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Amount  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Amortization </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Amount  </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="13"> (Dollars in millions) </td> </tr> <tr valign="bottom"> <td align="left"> Identifiable intangible assets  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Core deposit intangibles  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 457  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> (341 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 116  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 457  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> (325 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 132  </td> </tr> <tr valign="bottom"> <td align="left">      Other (1)  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 723  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (342 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 381  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 719  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (309 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 410  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">           Totals  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1,180  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (683 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 497  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1,176  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (634 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 542  </td> </tr> <tr height="20"> <td style="BORDER-BOTTOM: #000000 1pt solid" align= "left">   </td> <td align="right"></td> <td align="right"></td> <td align="right"></td> <td align="right"></td> <td align="left"></td> <td align="right"></td> <td align="right"></td> <td align="right"></td> <td align="right"></td> <td align="right"></td> <td align="right"></td> <td align="left"></td> <td align="right"></td> <td align="right"></td> </tr> <tr valign="bottom"> <td align="left" colspan="15">      (1) Other identifiable intangibles are primarily customer relationship intangibles. </td> </tr> </tbody> </table> </div> </div> 99000000 53000000 106000000 57000000 27937000000 25472000000 0 0 12000000 112000000 38000000 38000000 36000000 36000000 0 0 77000000 77000000 1396000000 3974000000 116000000 57000000 372000000 184000000 <div> <div style= "FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: Times New Roman, Serif"> NOTE 8. Computation of Earnings Per Common Share           BB&T’s basic and diluted earnings per common share amounts for the three and six month periods ended June 30, 2009 and 2008, respectively, were calculated as follows: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="46%"></td> <td align="middle" width="1%"></td> <td align="middle" width="11%"></td> <td align="middle" width="3%"></td> <td align="middle" width="11%"></td> <td align="middle" width="3%"></td> <td align="middle" width="11%"></td> <td align="middle" width="3%"></td> <td align="middle" width="11%"></td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="3"> For the Three Months Ended   </td> <td align="middle">    </td> <td align="middle" colspan="3"> For the Six Months Ended   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> June 30, </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> June 30, </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 2009   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 2008   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 2009   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 2008   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="7"> (Dollars in millions, except per share data, shares in thousands)   </td> </tr> <tr valign="bottom"> <td align="left"> Basic Earnings Per Common Share:   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">            Net income available to common shareholders   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 121   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 428   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 392   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 856   </td> </tr> <tr valign="bottom"> <td align="left">      Weighted average number of common shares   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 602,726   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 546,628   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 581,382   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 546,421   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Basic earnings per common share   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> .20   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> .78   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> .67   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1.57   </td> </tr> <tr valign="bottom"> <td align="left"> Diluted Earnings Per Common Share:   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">            Net income available to common shareholders   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 121   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 428   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 392   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 856   </td> </tr> <tr valign="bottom"> <td align="left">      Weighted average number of common shares   </td> <td align="right">    </td> <td align="right"> 602,726   </td> <td align="left">    </td> <td align="right"> 546,628   </td> <td align="right">    </td> <td align="right"> 581,382   </td> <td align="left">    </td> <td align="right"> 546,421   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">            Effect of dilutive outstanding equity-based awards   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 6,071   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 3,130   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 4,874   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 2,923   </td> </tr> <tr valign="bottom"> <td align="left">      Weighted average number of diluted common shares   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 608,797   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 549,758   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 586,256   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 549,344   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Diluted earnings per common share   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> .20   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> .78   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> .67   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1.56   </td> </tr> </tbody> </table>           For the three months ended June 30, 2009 and 2008, the number of anti-dilutive awards was 39.1 million and 33.2 million shares, respectively. For the six months ended June 30, 2009 and 2008, the number of anti-dilutive awards was 39.3 million and 32.4 million shares, respectively. In addition, BB&T had a warrant outstanding for 13.9 million shares as of June 30, 2009 that was anti-dilutive.  On July 22, 2009, the warrant was repurchased. </div> </div> <div> <div style= "FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: Times New Roman, Serif"> NOTE 9. Comprehensive Income (Loss)           The balances in accumulated other comprehensive loss for the periods indicated are shown in the following tables: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="52%"></td> <td align="middle" width="1%"></td> <td align="middle" width="12%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="12%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="12%"></td> <td align="middle" width="1%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="8"> As of June 30, 2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"> Deferred </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle"></td> <td align="middle"> Pre-Tax </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"> Tax Expense </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"></td> <td align="middle"> After-Tax </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> (Benefit) </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="8"> (Dollars in millions) </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Unrealized net losses on securities available for sale  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> (617 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> (233 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   $  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (384 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left"> Unrealized net gains on cash flow hedges  </td> <td align="right">   </td> <td align="right"> 148 </td> <td align="left">   </td> <td align="left">   </td> <td align="right"> 56 </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> 92 </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Foreign currency translation adjustment  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (10 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (2 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (8 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left"> Unrecognized net pension and postretirement costs  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (692 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (262 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (430 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Total  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (1,171 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (441 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (730 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="11">   </td> </tr> <tr> <td colspan="11">            As of June 30, 2009, accumulated other comprehensive income included $77 million of unrealized losses related to other-than-temporarily impaired securities. </td> </tr> <tr height="20"> <td colspan="11">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="8"> As of December 31, 2008 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"> Deferred </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle"></td> <td align="middle"> Pre-Tax </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"> Tax Expense </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle"></td> <td align="middle"> After-Tax </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> (Benefit) </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="8"> (Dollars in millions) </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Unrealized net losses on securities available for sale  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> (517 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> (193 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   $  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (324 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left"> Unrealized net gains on cash flow hedges  </td> <td align="right">   </td> <td align="right"> 76 </td> <td align="left">   </td> <td align="left">   </td> <td align="right"> 28 </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> 48 </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Foreign currency translation adjustment  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (9 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (9 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left"> Unrecognized net pension and postretirement costs  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (720 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (273 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (447 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Total  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (1,170 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (438 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (732 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> </tbody> </table>           The following table reflects the components of total comprehensive income for the three and six month periods ended June 30, 2009 and 2008, respectively. <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="39%">   </td> <td align="middle" width="2%"></td> <td align="middle" width="4%"></td> <td align="middle" width="5%"></td> <td align="middle" width="2%"></td> <td align="middle" width="3%"></td> <td align="middle" width="9%"></td> <td align="middle" width="2%"></td> <td align="middle" width="7%"></td> <td align="middle" width="5%"></td> <td align="middle" width="2%"></td> <td align="middle" width="3%"></td> <td align="middle" width="6%"></td> <td align="middle" width="2%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="5"> For the Three Months Ended </td> <td align="middle">   </td> <td align="middle" colspan="5"> For the Six Months Ended </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> June 30, </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> June 30, </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2">   2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 2008 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> 2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 2008 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="11"> (Dollars in millions) </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left"> Comprehensive income:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Net income  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 208 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 431 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 526 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 860 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">      Other comprehensive income:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">              Change in unrealized net losses on securities  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (95 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (256 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (60 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (246 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left">              Change in unrealized net gains on cash flow hedges  </td> <td align="left">   </td> <td align="left">   </td> <td align="right"> 36 </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> 20 </td> <td align="left">   </td> <td align="left">   </td> <td align="right"> 44 </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> 13 </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">              Change in pension and postretirement liability  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 9 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (1 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 17 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (2 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left">              Net foreign currency translation adjustment  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 3 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 1 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 1 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">                      Total comprehensive income  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 161 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 195 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 528 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 625 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> </tr> </tbody> </table> </div> </div> 9000000 4000000 139000000 106000000 false --12-31 2009-06-30 10-Q 0000092230 648138236000000 Yes Large Accelerated Filer 12700000000 BB&T Corporation No Yes

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<div> <div style= "FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: Times New Roman, Serif"> NOTE 6. Contractual Obligations, Commitments, Contingent Liabilities, and Off-Balance Sheet Arrangements           BB&T utilizes a variety of financial instruments to meet the financing needs of clients and reduce exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, standby 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.            Standby 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 June 30, 2009 and December 31, 2008, BB&T had issued standby letters of credit totaling $7.6 billion and $5.9 billion, respectively. The carrying amount of the liability for such guarantees was $29 million and $20 million at June 30, 2009 and December 31, 2008, respectively.           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 $84.6 billion and $74.2 billion at June 30, 2009 and December 31, 2008, respectively. These instr uments were in a net gain position of $355 million and $626 million at June 30, 2009 and December 31, 2008, respectively.           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 June 30, 2009 and December 31, 2008, BB&T had investments of $940 million and $891 million, respectively, related to these projects, which are included in other assets on the Consolidated Balance Sheets. BB&T’s outstanding commitments to fund affordable housing investments total ed $402 million and $412 million at June 30, 2009 and December 31, 2008, respectively, which are included in other liabilities on the Consolidated Balance Sheets. As of June 30, 2009 and December 31, 2008, BB&T had outstanding loan commitments to these funds of $166 million and $161 million, respectively. Of this amount, $92 million and $81 million had been funded at June 30, 2009 and December 31, 2008, respectively, and were included in loans and leases on the Consolidated Balance Sheets. BB&T’s maximum risk exposure related to these investments totaled $1.1 billion at June 30, 2009 and December 31, 2008, respectively.           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 representations 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.           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 June 30, 2009 and December 31, 2008, BB&T had $2.2 billion and $2.5 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 $670 million and $745 million as of June 30, 2009 and December 31, 2008, respectively. In addition, BB&T has $3.9 billion and $3.3 billion in loans serviced for others that were covered by loss sharing agreements at June 30, 2009 and December 31, 2008, respectively. As of June 30, 2009 and December 31, 2008, BB&T’s maximum exposure to loss for these loans is approximately $993 million and $818 million, respectively. At June 30, 2009, BB&T has recorded $15 million of reserves related to these recourse exposures.           BB&T has investments and future funding commitments to certain venture capital funds. As of June 30, 2009 and December 31, 2008, respectively, BB&T had investments of $186 million and $168 million, net of noncontrolling interest, related to these ventures and future funding commitments of $210 million and $222 million. BB&T’s risk exposure relating to such commitments is generally limited to the amount of investments and future funding commitments made.           BB&T has made loan commitments to qualified special purpose entities as a nontransferor lender. As of June 30, 2009 and December 31, 2008, BB&T had loan commitments to these entities totaling $333 million and $405 million, respectively. Of this amount, $248 million and $290 million had been funded at June 30, 2009 and December 31, 2008, respectively, and were included in loans and leases on the Consolidated Balance Sheets. </div> </div>

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<div> <div style= "FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: Times New Roman, Serif"> NOTE 12. Derivative Financial Instruments           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.           The following tables set forth certain information concerning BB&T’s derivative financial instruments and related hedged items at June 30, 2009: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="28%"></td> <td align="middle" width="30%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="1%"></td> <td align="middle" width="1%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> </tr> <tr valign="bottom"> <td align="middle" colspan="12"> Derivative Classifications and Hedging Relationships </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="10"> June 30, 2009 </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle"> Hedged Item or   </td> <td align="middle" colspan="2"> Notional   </td> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> Fair Value </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Transaction   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Amount   </td> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Gain (1)   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"></td> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Loss (1)   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"></td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="6"> (Dollars in millions)   </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> </tr> <tr> <td colspan="12">    </td> </tr> <tr> <td colspan="12">    </td> </tr> <tr valign="bottom"> <td align="left"> Derivatives Designated as Cash Flow Hedges   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Receive fixed swaps   </td> <td align="left" bgcolor="#80FFFF"> First forecasted interest receipts on   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 5,000   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 32 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (36 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    </td> <td align="left">   commercial loans   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Pay fixed swaps   </td> <td align="left" bgcolor="#80FFFF"> First forecasted interest payments on   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 3,150   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 39 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (6 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    </td> <td align="left">   overnight funding   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Pay fixed swaps   </td> <td align="left" bgcolor="#80FFFF"> First forecasted interest payments on   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 2,900   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 48 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (31 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    </td> <td align="left">   3 month LIBOR funding   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Caps   </td> <td align="left" bgcolor="#80FFFF"> First forecasted interest payments on   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 442   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 1 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">    </td> <td align="left">   3 month LIBOR funding   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Total   </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 11,492   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 120 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> (73 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF"> )   </td> </tr> <tr> <td colspan="12">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF" colspan="2"> Derivatives Designated as Net Investment Hedges   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Foreign exchange contracts   </td> <td align="left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 73   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (2 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> </tr> <tr> <td bgcolor="#80FFFF" colspan="12">    </td> </tr> <tr valign="bottom"> <td align="left"> Derivatives Designated as Fair Value Hedges   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">    Receive fixed swaps   </td> <td align="left"> Individual fixed rate long-term debt   </td> <td align="right"> $   </td> <td align="right"> 3,342   </td> <td align="left">    </td> <td align="right"> $   </td> <td align="right"> 262 </td> <td align="left">    </td> <td align="right"> $   </td> <td align="right">    </td> <td align="right"> (8 </td> <td align="left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Receive fixed swaps   </td> <td align="left" bgcolor="#80FFFF"> Long-term CDs   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 328   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 3 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">    Pay fixed swaps   </td> <td align="left"> Individual fixed rate securities   </td> <td align="left">    </td> <td align="right"> 354   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> - </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> (69 </td> <td align="left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">   available for sale   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">    Total   </td> <td align="left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 4,024   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 265 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (77 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> </tr> <tr> <td bgcolor="#80FFFF" colspan="12">    </td> </tr> <tr valign="bottom"> <td align="left"> Derivatives Not Designated as Hedges   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Client-related and other risk management   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Receive fixed swaps   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 10,969   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 444 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (30 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">      Pay fixed swaps   </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 10,736   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 29 </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> (391 </td> <td align="left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Other swaps   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 7,713   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 4 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (7 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">      Option trades   </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 898   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> - </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> - </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Swaptions   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 543   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 27 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (26 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">      Futures contracts   </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 3,329   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 1 </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> - </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Collars   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 151   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 5 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (5 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">   Foreign exchange contracts   </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 466   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 9 </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> (6 </td> <td align="left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Mortgage Banking   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Receive fixed swaps   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 76   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (1 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    Forward commitments   </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 8,253   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 69 </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> (35 </td> <td align="left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Interest rate lock commitments   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 4,630   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 14 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (15 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    Swaptions   </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 75   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 2 </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> - </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    TBA/When issued securities   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 340   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 3 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left"> Mortgage Servicing Rights   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> </tr> </tbody> </table> <hr align="center" width="100%" noshade="noshade" size="2" /> <div style="PAGE-BREAK-BEFORE: always"></div> <a id="page_35" name="page_35"></a> <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td width="61%"></td> <td width="1%"></td> <td width="12%"></td> <td width="4%"></td> <td width="8%"></td> <td width="4%"></td> <td width="8%"></td> <td width="2%"></td> </tr> <tr valign="bottom"> <td align="left"> Interest rate contracts   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Receive fixed swaps   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 1,972   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 17   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (61 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    Pay fixed swaps   </td> <td align="right">    </td> <td align="right"> 641   </td> <td align="left">    </td> <td align="right"> 8   </td> <td align="left">    </td> <td align="right"> - </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Swaptions   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 1,930   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 85   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (2 </td> <td align="left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    Futures contracts   </td> <td align="right">    </td> <td align="right"> 10,400   </td> <td align="left">    </td> <td align="right"> 1   </td> <td align="left">    </td> <td align="right"> (4 </td> <td align="left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    When issued securities and Forward rate agreements   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 5,938   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 10   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> (23 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF"> )   </td> </tr> <tr valign="bottom"> <td align="left">    Total   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $ </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 69,060   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 728   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (606 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Total Derivatives   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 84,649   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 1,113   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (758 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )   </td> </tr> </tbody> </table> <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td valign="top" align="middle" width="5%"></td> <td width="95%"></td> </tr> <tr valign="bottom"> <td valign="top" align="middle"> (1) </td> <td align="left">  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 Sheets.   </td> </tr> <tr valign="bottom"> <td valign="top" align="middle"></td> <td align="left">      </td> </tr> </tbody> </table> The Effect of Derivative Instruments on the Consolidated Statements of Income for the Six Month Period Ended June 30, 2009 (Dollars in millions) <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="23%"></td> <td align="middle" width="2%"></td> <td align="middle" width="15%"></td> <td align="middle" width="2%"></td> <td align="middle" width="6%"></td> <td align="middle" width="4%"></td> <td align="middle" width="4%"></td> <td align="middle" width="2%"></td> <td align="middle" width="3%"></td> <td align="middle" width="9%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="9%"></td> <td align="middle" width="3%"></td> <td align="middle" width="6%"></td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="8"> Effective Portion </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> Ineffective Portion </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="3"> Location of Amounts </td> <td align="middle">    </td> <td align="middle" colspan="2"> (Gain) or Loss </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2"> Gain or (Loss)   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Gain or (Loss) </td> <td align="middle">    </td> <td align="middle" colspan="3">   Reclassified from </td> <td align="middle">    </td> <td align="middle" colspan="2"> Reclassified from </td> <td align="middle">    </td> <td align="middle" colspan="3"> Location of Amounts   </td> <td align="middle" colspan="2"> Recognized   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Recognized in OCI </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3">   AOCI into Income </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> AOCI into Income </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> in Income   </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="3"> Derivatives Designated as Cash Flow Hedges </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 90 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF" colspan="3">        Total interest income </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> (15 </td> <td align="left" bgcolor="#80FFFF"> )   </td> <td align="middle" bgcolor="#80FFFF" colspan="3"> Other noninterest income   </td> <td align="right" bgcolor="#80FFFF">   $   </td> <td align="right" bgcolor="#80FFFF"> 1   </td> </tr> <tr valign="bottom"> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left" colspan="3">        Total interest expense </td> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1pt solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (3 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (18 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="3"> Derivatives Designated as Net Investment Hedges </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Foreign exchange contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (1 </td> <td align="left" bgcolor="#80FFFF"> )   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="7"> Effective Portion </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="7"> Ineffective Portion </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="3"> Location of Amounts   </td> <td align="middle" colspan="4">      Gain or (Loss)   </td> <td align="middle" colspan="3"> Location of Amounts   </td> <td align="middle">    </td> <td align="middle" colspan="2"> Gain or (Loss)   </td> <td align="middle">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="4"> Recognized in Income  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" align= "middle" colspan="3"> Recognized in Income </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1pt solid" align= "middle">    </td> </tr> <tr> <td align="middle" colspan="16">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="3"> Derivatives Designated as Fair Value Hedges </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF" colspan="3">                Total interest expense   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 80 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="middle" bgcolor="#80FFFF" colspan="3">   Other noninterest income   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF">        7   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="right">    </td> <td align="left" colspan="3">                Total interest income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (8 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Total   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 72 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="left"> Derivatives Not Designated as Hedges   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left"> Client-related and other risk management   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> Other noninterest income </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 17 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Credit derivatives   </td> <td align="right">    </td> <td align="left"> Other noninterest income </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> (20 </td> <td align="left"> )   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Foreign exchange contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> Other nondeposit fees </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (3 </td> <td align="left" bgcolor="#80FFFF"> )   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">   and commissions </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left"> Mortgage Banking   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="right">    </td> <td align="left"> Mortgage banking income </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 42 </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Mortgage Servicing Rights   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> Mortgage banking income </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> (40 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF"> )   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">      Total   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> (4 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left"> )   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> </tbody> </table> Note: All amounts for Other Comprehensive Income (OCI) and Accumulated Other Comprehensive Income (AOCI) are stated on a pre-tax basis. <div style="PAGE-BREAK-BEFORE: always"></div> <a id="page_36" name="page_36"></a> <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td width="23%"></td> <td width="2%"></td> <td width="15%"></td> <td width="6%"></td> <td width="2%"></td> <td width="5%"></td> <td width="3%"></td> <td width="2%"></td> <td width="2%"></td> <td width="10%"></td> <td width="2%"></td> <td width="8%"></td> <td width="2%"></td> <td width="9%"></td> <td width="3%"></td> <td width="6%"></td> </tr> <tr valign="bottom"> <td align="middle" colspan="16"> The Effect of Derivative Instruments on the Consolidated Statements of Income </td> </tr> <tr valign="bottom"> <td align="middle" colspan="16"> for the Three Month Period Ended June 30, 2009 </td> </tr> <tr valign="bottom"> <td align="middle" colspan="16"> (Dollars in millions) </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="8"> Effective Portion </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> Ineffective Portion </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="3"> Location of Amounts </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2">   (Gain) or Loss </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2"> Gain or (Loss)   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Gain or (Loss)   </td> <td align="middle" colspan="3">   Reclassified from </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2"> Reclassified from </td> <td align="middle">    </td> <td align="middle" colspan="3"> Location of Amounts   </td> <td align="middle" colspan="2"> Recognized   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Recognized in OCI   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3">   AOCI into Income </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> AOCI into Income </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> in Income   </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="3"> Derivatives Designated as Cash Flow Hedges   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF">                        69   </td> <td align="middle" bgcolor="#80FFFF" colspan="3">   Total interest income </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> (9 </td> <td align="left" bgcolor="#80FFFF"> )   </td> <td align="left" bgcolor="#80FFFF" colspan="3"> Other noninterest income   </td> <td align="right" bgcolor="#80FFFF">   $   </td> <td align="right" bgcolor="#80FFFF"> 1   </td> </tr> <tr valign="bottom"> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="middle" colspan="3">    Total interest expense </td> <td align="left">    </td> <td align="right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (2 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"></td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (11 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="3"> Derivatives Designated as Net Investment Hedges   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Foreign exchange contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 1   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="7"> Effective Portion </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="6"> Ineffective Portion </td> <td align="middle">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2"> Location of Amounts   </td> <td align="middle" colspan="5"> Gain or (Loss)   </td> <td align="middle" colspan="3"> Location of Amounts   </td> <td align="middle">    </td> <td align="middle" colspan="2"> Gain or (Loss)   </td> <td align="middle">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> Recognized in Income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Recognized in Income   </td> <td align="middle">    </td> </tr> <tr> <td align="middle" colspan="16">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="3"> Derivatives Designated as Fair Value Hedges   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF" colspan="2">                Total interest expense   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 42 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="middle" bgcolor="#80FFFF" colspan="3"> Other noninterest income   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 2   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="right">    </td> <td align="left" colspan="2">                Total interest income   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (5 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Total   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 37 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr> <td colspan="16">    </td> </tr> <tr valign="bottom"> <td align="left"> Derivatives Not Designated as Hedges   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left"> Client-related and other risk management   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> Other noninterest income   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 6 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   Credit derivatives   </td> <td align="right">    </td> <td align="left"> Other noninterest income   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> (17 </td> <td align="left"> )   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Foreign exchange contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> Other nondeposit fees   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> (4 </td> <td align="left" bgcolor="#80FFFF"> )   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">   and commissions   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left"> Mortgage Banking   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left">   Interest rate contracts   </td> <td align="right">    </td> <td align="left"> Mortgage banking income   </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 36 </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Mortgage Servicing Rights   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Interest rate contracts   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> Mortgage banking income   </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> (114 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF"> )   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">      Total   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> (93 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left"> )   </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> </tbody> </table> Note: All amounts for Other Comprehensive Income (OCI) and Accumulated Other Comprehensive Income (AOCI) are stated on a pre-tax basis.           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.      Cash Flow Hedges           At June 30, 2009, BB&T had designated notional values of $11.5 billion of derivatives as cash flow hedges. These cash flow hedges reflected a net unrealized gain of $47 million, with instruments in a gain position reflecting a fair value of $120 million recorded in other assets and instruments in a loss position reflecting a fair value of $73 million recorded in other liabilities. 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 $1 million during the first six months of 2009.           Accumulated other comprehensive income included $33 million in unrecognized after-tax gains on interest rate swaps, caps and floors hedging variable interest payments on business loans at June 30, 2009. These amounts included unrecognized after-tax gains on terminated swaps, caps and collars of $35 million at June 30, 2009. In addition, accumulated other comprehensive income included $56 million in net unrecognized after-tax gains on interest rate swaps, caps and floors hedging variable interest payments on funding at June 30, 2009. These amounts included unrecognized after-tax gains on terminated hedges of $26 million at June 30, 2009. Also included in accumulated other comprehensive income at June 30, 2009 are unrecognized after-tax gains of $3 million on terminated interest rate swaps hedging variable interest payments on long-term debt.           The estimated net amount in accumulated other comprehensive income at June 30, 2009 that is expected to be reclassified into earnings within the next 12 months is a net after-tax gain of $45 million. The amount reclassified into earnings from other comprehensive income during the first six months of 2009 was a net after-tax gain of $18 million.           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 is 6.9 years.      Fair Value Hedges           At June 30, 2009, BB&T had designated notional values of $4.0 billion of derivatives as fair value hedges which reflected a net unrealized gain of $188 million, with instruments in a gain position reflecting a fair value of $265 million recorded in other assets and instruments in a loss position reflecting a fair value of $77 million recorded in other liabilities. 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. BB&T terminated certain fair value hedges relating to its long-term debt during the second quarter of 2009 and received proceeds of $74 million. The proceeds from these terminations were included in cash flows from financing activities. The impact on earnings resulting from fair value hedge ineffectiveness was a $7 million gain during the first six months of 2009.           BB&T also held $69.1 billion in notional value of derivatives not designated as hedges at June 30, 2009. These instruments were in a net gain position with a net estimated fair value of $122 million. Changes in the fair value of these derivatives are reflected in current period earnings.           Derivatives not designated as a hedge include the notional amount of $13.4 billion that have been entered into as a risk management instrument for mortgage banking operations at June 30, 2009. 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.            Derivatives not designated as a hedge include the notional amount of $20.9 billion that have been entered into as a risk management instrument for mortgage servicing rights at June 30, 2009. The $40 million loss related to these derivatives is offset by a positive $91 million valuation adjustment for residential mortgage servicing rights for the six month period ended June 30, 2009. For the quarter ended June 30, 2009, the $114 million loss on these derivatives is offset by a positive $137 million valuation adjustment.            BB&T also held derivatives not designated as hedges with notional amounts totaling $34.8 billion at June 30, 2009 as risk management instruments primarily to facilitate transactions on behalf of its clients, as well as activities related to balance sheet management.           At June 30, 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.           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 June 30, 2009 and December 31, 2008, respectively, BB&T had received cash collateral of approximately $38 million and $165 million. In addition, BB&T had posted collateral of $88 million and $180 million at June 30, 2009 and December 31, 2008, respectively. In the event that BB&T's credit ratings had been downgraded below investmen t grade, the amount of collateral posted would have increased by $83 million and $225 million as of June 30, 2009 and December 31, 2008, respectively. As of June 30, 2009, BB&T had approximately $26 million 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 June 30, 2009 and December 31, 2008 was not material. </div> </div>

-73000000

1.57

0.78

0.67

0.2

1.56

0.78

0.67

0.2

<div> <div style= "FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: Times New Roman, Serif"> NOTE 11. Fair Value Disclosures           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 SFAS No. 159, “The Fair Value Option for Financial Assets and Liabilities-including an amendment of FASB Statement No. 115,” (the “Fair Value Option”). SFAS No. 157 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. SFAS No. 157 also established a three level fair value hierarchy that describes the inputs that are used to measure assets and liabilities. Level 1 Level 1 asset and liability fair values are based on quoted prices in active markets for identical assets and liabilities. Level 1 assets and liabilities include certain equity securities and derivative contracts that are traded in an active market. Level 2 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 2 assets and liabilities include fixed income securities and mortgage-backed securities that are held in the Corporation’s trading and available-for-sale portfolios, loans held for sale, certain derivative contracts and short-term borrowings. Level 3 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. Level 3 assets and liabilities include certain trading securities, non-agency mortgage-backed securities, mortgage servicing rights, venture capital investments and certain derivative contracts.           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: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="47%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="12%"></td> <td align="middle" width="2%"></td> <td align="middle" width="12%"></td> <td align="middle" width="2%"></td> <td align="middle" width="1%"></td> <td align="middle" width="12%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="6"> Fair Value Measurements for Assets and Liabilities </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="6"> Measured on a Recurring Basis </td> </tr> <tr> <td align="middle" colspan="10">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 6/30/2009  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Level 1  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Level 2  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Level 3  </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="6"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left"> Assets:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Trading securities  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 522  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 213  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 295  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 14  </td> </tr> <tr valign="bottom"> <td align="left">   Securities available for sale:  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    U.S. government-sponsored entities (GSE)  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1,379  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1,379  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> </tr> <tr valign="bottom"> <td align="left">    Mortgage-backed securities issued by GSE  </td> <td align="right">   </td> <td align="right"> 25,695  </td> <td align="left">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> 25,695  </td> <td align="right">   </td> <td align="left">   </td> <td align="right"> -  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    States and political subdivisions  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 2,134  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 2,134  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> </tr> <tr valign="bottom"> <td align="left">    Non-agency mortgage-backed securities  </td> <td align="right">   </td> <td align="right"> 1,048  </td> <td align="left">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="left">   </td> <td align="right"> 1,048  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Equity and other securities  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 777  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 164  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 612  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1  </td> </tr> <tr valign="bottom"> <td align="left">   Loans held for sale (1)  </td> <td align="right">   </td> <td align="right"> 3,974  </td> <td align="left">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> 3,974  </td> <td align="right">   </td> <td align="left">   </td> <td align="right"> -  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Residential mortgage servicing rights  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 615  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 615  </td> </tr> <tr valign="bottom"> <td align="left">   Derivative assets (2)  </td> <td align="right">   </td> <td align="right"> 1,113  </td> <td align="left">   </td> <td align="right"> 2  </td> <td align="right">   </td> <td align="right"> 1,096  </td> <td align="right">   </td> <td align="left">   </td> <td align="right"> 15  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Venture capital investments (2)  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 201  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 1  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 200  </td> </tr> <tr valign="bottom"> <td align="left">    Total assets  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 37,458  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 379  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 35,186  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 1,893  </td> </tr> <tr> <td bgcolor="#80FFFF" colspan="10">   </td> </tr> <tr valign="bottom"> <td align="left"> Liabilities:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Derivative liabilities (2)  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF">   758  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 4  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 739  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 15  </td> </tr> <tr valign="bottom"> <td align="left">   Short-term borrowed funds (3)  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   226  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 226  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Total liabilities  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF">   984  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 4  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 965  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 15  </td> </tr> <tr> <td colspan="10">   </td> </tr> <tr> <td colspan="10">   </td> </tr> <tr> <td colspan="10">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="6"> Fair Value Measurements for Assets and Liabilities </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="6"> Measured on a Recurring Basis </td> </tr> <tr> <td align="middle" colspan="10">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> 12/31/2008  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Level 1  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Level 2  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Level 3  </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="6"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left"> Assets:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Trading securities  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 376  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 204  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 168  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 4  </td> </tr> <tr valign="bottom"> <td align="left">   Securities available for sale  </td> <td align="right">   </td> <td align="right"> 32,843  </td> <td align="left">   </td> <td align="right"> 170  </td> <td align="right">   </td> <td align="right"> 31,574  </td> <td align="right">   </td> <td align="left">   </td> <td align="right"> 1,099  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Loans held for sale (1)  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1,396  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1,396  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> </tr> <tr valign="bottom"> <td align="left">   Residential mortgage servicing rights  </td> <td align="right">   </td> <td align="right"> 370  </td> <td align="left">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="left">   </td> <td align="right"> 370  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Derivative assets (2)  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1,723  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 4  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 1,681  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 38  </td> </tr> <tr valign="bottom"> <td align="left">   Venture capital investments (2)  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 183  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 1  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 182  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">    Total assets  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 36,891  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 378  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 34,820  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1,693  </td> </tr> <tr> <td colspan="10">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Liabilities:  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Derivative liabilities (2)  </td> <td align="right"> $  </td> <td align="right"> 1,097  </td> <td align="right"> $  </td> <td align="right"> 11  </td> <td align="right"> $  </td> <td align="right"> 1,085  </td> <td align="right"> $  </td> <td align="left">   </td> <td align="right"> 1  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Short-term borrowed funds (3)  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 149  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 149  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> -  </td> </tr> <tr valign="bottom"> <td align="left">    Total liabilities  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 1,246  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 11  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 1,234  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right"> 1  </td> </tr> </tbody> </table> (1) Loans held for sale are residential and commercial mortgage loans that were originated subsequent to December 31, 2007 for which the Company elected the fair value option under SFAS No. 159. Loans originated prior to January 1, 2008 and certain other loans held for sale are still accounted for at the lower of cost or market. There were $8 million and $28 million in loans held for sale that are not accounted for at fair value at June 30, 2009 and December 31, 2008, respectively. (2) These amounts are reflected in other assets and other liabilities on the Consolidated Balance Sheets. (3) Short-term borrowed funds reflect securities sold short positions.           The tables below present a reconciliation for the three and six month periods ended June 30, 2009 and 2008, respectively, for Level 3 assets and liabilities that are measured at fair value on a recurring basis. As of June 30, 2009, BB&T also had $1 million of Level 3 other securities outstanding. There was no activity during the three or six month periods ended June 30, 2009 related to these securities. <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td width="41%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="4%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="1%"></td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Fair Value Measurements Using Significant Unobservable Inputs </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle"> Non-agency </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle"> mortgage- </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle"> backed </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> servicing  </td> <td align="middle" colspan="2"> Net </td> <td align="middle">   </td> <td align="middle" colspan="3"> capital </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> securities </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Trading  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> rights </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at March 31, 2009  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 1,034 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 4 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 365  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 55 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 190 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Total realized and unrealized gains or losses:  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Included in earnings  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (1 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 105  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 64 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (1 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left">      Included in other comprehensive income (loss)  </td> <td align="right">   </td> <td align="right"> 89 </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Purchases, issuances and settlements  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (75 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 145  </td> <td align="right" bgcolor="#80FFFF" colspan="2"> (119 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 11 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Transfers in and/or out of Level 3  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 11 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at June 30, 2009  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1,048 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 14 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 615  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 200 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> </tr> <tr> <td colspan="15">   </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Fair Value Measurements Using Significant Unobservable Inputs </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle"> Non-agency </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle"> mortgage- </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle"> backed </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> servicing  </td> <td align="middle" colspan="2"> Net </td> <td align="middle">   </td> <td align="middle" colspan="3"> capital </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> securities </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2">   Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> rights </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at January 1, 2009  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 1,098 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 4 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 370  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 37 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 182 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Total realized and unrealized gains or losses:  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Included in earnings  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (1 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 27  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 105 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (2 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left">      Included in other comprehensive income (loss)  </td> <td align="right">   </td> <td align="right"> 72 </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Purchases, issuances and settlements  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (122 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 11 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 218  </td> <td align="right" bgcolor="#80FFFF" colspan="2"> (142 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 20 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Transfers in and/or out of Level 3  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at June 30, 2009  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 1,048 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 14 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 615  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 200 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> </tr> <tr> <td colspan="15">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Fair Value Measurements Using Significant Unobservable Inputs </td> </tr> <tr> <td align="middle" colspan="15">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> servicing  </td> <td align="middle" colspan="2"> Net </td> <td align="middle">   </td> <td align="middle" colspan="3"> capital </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> AFS securities </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2">   Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> rights </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at March 31, 2008  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 14 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 14 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 406  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 19 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 141 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Total realized and unrealized gains or losses:  </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Included in earnings  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 131  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 4 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (8 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left">      Included in other comprehensive income (loss)  </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Purchases, issuances and settlements  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (9 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 74  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (17 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 19 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Transfers in and/or out of Level 3  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at June 30, 2008  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 14 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 5 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 611  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 6 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 152 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> </tr> </tbody> </table> <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="35%"></td> <td align="middle" width="4%"></td> <td align="middle" width="9%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="7%"></td> <td align="middle" width="3%"></td> <td align="middle" width="6%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="7%"></td> <td align="middle" width="2%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="11"> Fair Value Measurements Using Significant Unobservable Inputs </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> </tr> <tr> <td align="middle" colspan="14">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage  </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> servicing  </td> <td align="middle" colspan="2"> Net </td> <td align="middle">   </td> <td align="middle" colspan="3"> capital </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> AFS securities  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> rights  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="12"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at January 1, 2008  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 9  </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 27 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 472  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 2 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 128 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Total realized and unrealized gains or losses:  </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> <td align="right">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Included in earnings  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (2 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 24  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 26 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (9 </td> <td align="left" bgcolor="#80FFFF"> )  </td> </tr> <tr valign="bottom"> <td align="left">      Included in other comprehensive income (loss)  </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> -  </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> <td align="right">   </td> <td align="right"> - </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Purchases, issuances and settlements  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 5  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (23 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 115  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> (22 </td> <td align="left" bgcolor="#80FFFF"> )  </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> 33 </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">   Transfers in and/or out of Level 3  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> 3 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Balance at June 30, 2008  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 14  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 5 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 611  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 6 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 152 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> </tr> </tbody> </table>           The tables below summarize unrealized and realized gains and losses recorded in earnings for Level 3 assets and liabilities for the three month periods ended June 30, 2009 and 2008, respectively. <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="40%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Total Gains and Losses </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle" colspan="2">   Non-agency </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle" colspan="2"> mortgage- </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle" colspan="2"> backed </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture capital </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> securities </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> servicing rights </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Net derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left"> Classification of gains and losses  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" colspan="2"> (realized/unrealized) included in earnings  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left"> for the period:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Mortgage banking income  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 105  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 64 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">      Other noninterest income  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (1 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (1 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">            Total  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (1 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 105  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 64 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (1 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Net unrealized gains (losses) included  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF" colspan="2">   in net income relating to assets and liabilities  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   still held at June 30, 2009  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 137  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (56 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (2 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr> <td align="middle" colspan="14">   </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Total Gains and Losses </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture capital </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> AFS securities  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> servicing rights </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Net derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="middle">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left"> Classification of gains and losses  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left"> (realized/unrealized) included in  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left"> earnings for the period:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Mortgage banking income  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF">   $  </td> <td align="right" bgcolor="#80FFFF"> 131  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 4 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">      Other noninterest income  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (8 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">              Total  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF">   $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 131  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> 4 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> (8 </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Net unrealized gains (losses) included  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF" colspan="2">   in net income relating to assets and liabilities  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   still held at June 30, 2008  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 152  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 6 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (12 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> </tbody> </table>           The realized and unrealized gains reported for mortgage servicing rights assets are composed of a positive valuation adjustment of $137 million and $152 million less the realization of expected residential mortgage servicing rights cash flows of $32 million and $21 million for the quarters ended June 30, 2009 and 2008, respectively. 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 June 30, 2009 and 2008, respectively, the derivative instruments produced losses of $114 million and $158 million, which offset the positive valuation adjustment recorded.           The tables below summarize unrealized and realized gains and losses recorded in earnings for Level 3 assets and liabilities for the six month periods ended June 30, 2009 and 2008, respectively. <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td width="42%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Total Gains and Losses </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle" colspan="2">   Non-agency </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle" colspan="2"> mortgage- </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle" colspan="2"> backed </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture capital </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> securities </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> servicing rights  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Net derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left"> Classification of gains and losses  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" colspan="2"> (realized/unrealized) included in earnings  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left"> for the period:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Mortgage banking income  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 27  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 105 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">      Other noninterest income  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (1 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (2 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">            Total  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (1 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 27  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 105 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (2 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Net unrealized gains (losses) included  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF" colspan="2">   in net income relating to assets and liabilities  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   still held at June 30, 2009  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 91  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (56 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (3 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="13"> Total Gains and Losses </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="2"> Mortgage </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle">   </td> <td align="middle" colspan="3"> Venture capital </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> AFS securities  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Trading </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> servicing rights </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Net derivatives </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> investments </td> </tr> <tr valign="bottom"> <td align="left">   </td> <td align="middle" colspan="13"> (Dollars in Millions) </td> </tr> <tr valign="bottom"> <td align="left"> Classification of gains and losses  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left"> (realized/unrealized) included in  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left"> earnings for the period:  </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> <td align="left">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Mortgage banking income  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> -  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 24  </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> 26 </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="right" bgcolor="#80FFFF"> $  </td> <td align="right" bgcolor="#80FFFF"> - </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left">      Other noninterest income  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (2 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> -  </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> - </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (9 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )  </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">              Total  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (2 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 24  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 26 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (9 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> <tr> <td colspan="14">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF"> Net unrealized gains (losses) included  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF" colspan="2">   in net income relating to assets and liabilities  </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> <td align="left" bgcolor="#80FFFF">   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   still held at June 30, 2008  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> -  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> - </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 68  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 6 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $  </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> (12 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF"> )  </td> </tr> </tbody> </table>           The realized and unrealized gains reported for mortgage servicing rights assets are composed of a positive valuation adjustment of $91 million and $68 million less the realization of expected residential mortgage servicing rights cash flows of $64 million and $44 million for the six months ended June 30, 2009 and 2008, respectively. 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 first six months of 2009 and 2008, respectively, the derivative instruments produced losses of $40 million and $76 million, which offset the positive valuation adjustment recorded.           The following table details the fair value and unpaid principal balance of loans held for sale at June 30, 2009 and December 31, 2008, that were elected to be carried at fair value. <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="30%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="8%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2"> Fair Value less </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="2"> Fair Value less   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Aggregate   </td> <td align="middle" colspan="2"> Aggregate </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Aggregate   </td> <td align="middle" colspan="2"> Aggregate   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Unpaid   </td> <td align="middle" colspan="2"> Unpaid </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Unpaid   </td> <td align="middle" colspan="2"> Unpaid   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    Fair   </td> <td align="middle">    </td> <td align="middle"> Principal   </td> <td align="middle" colspan="2"> Principal </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">   Fair   </td> <td align="middle">    </td> <td align="middle"> Principal   </td> <td align="middle" colspan="2"> Principal   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">   Value   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Balance   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Balance </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Value   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Balance   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Balance   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> June 30, 2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="5"> December 31, 2008 </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="12"> (Dollars in millions) </td> </tr> <tr valign="bottom"> <td align="left"> Loans held for sale reported at fair value   </td> <td align="right">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Total (1)   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 3,974   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 3,979   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> (5 </td> <td align="left" bgcolor="#80FFFF"> )   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 1,396   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 1,367   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 29   </td> </tr> <tr valign="bottom"> <td align="left">   Nonaccrual loans   </td> <td align="right">    </td> <td align="right"> 5   </td> <td align="right">    </td> <td align="right"> 6   </td> <td align="left">    </td> <td align="right"> (1 </td> <td align="left"> )   </td> <td align="right">    </td> <td align="right"> 1   </td> <td align="left">    </td> <td align="right"> 1   </td> <td align="left">    </td> <td align="right"> -   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">   Loans 90 days or more past due   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">   and still accruing interest   </td> <td align="right">    </td> <td align="right"> 1   </td> <td align="right">    </td> <td align="right"> 1   </td> <td align="left">    </td> <td align="right"> - </td> <td align="left">    </td> <td align="right">    </td> <td align="right"> 3   </td> <td align="left">    </td> <td align="right"> 3   </td> <td align="left">    </td> <td align="right"> -   </td> </tr> </tbody> </table> (1) The change in fair value is reflected in mortgage banking income.           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 quarter ended June 30, 2009 that were still held on the balance sheet at June 30, 2009 totaled $1.8 billion. This amount consists of $582 million for impaired loans and $1.2 billion for foreclosed real estate that were classified as Level 3 assets. During the second quarter and the first six months of 2009, BB&T recorded $111 million and $189 million, respectively, in losses related to write-downs of the loans and $32 million and $49 million in losses related to write-downs of foreclosed real estate based on the appraised value of the underlying collateral.           SFAS No. 107, “Disclosures About Fair Value of Financial Instruments,” requires the disclosure of the estimated fair value of 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 SFAS No. 157. 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: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="44%"></td> <td align="middle" width="2%"></td> <td align="middle" width="12%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> <td align="middle" width="2%"></td> <td align="middle" width="12%"></td> <td align="middle" width="2%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="4"> June 30, 2009   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="4"> December 31, 2008   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle" colspan="2"> Carrying </td> <td align="middle">    </td> <td align="middle" colspan="2"> Fair   </td> <td align="middle">    </td> <td align="middle"> Carrying </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Fair   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Amount </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Value   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Value   </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="9"> (Dollars in millions) </td> </tr> <tr valign="bottom"> <td align="left"> Financial assets:   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Cash and cash equivalents   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 2,234 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 2,234   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 2,740 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 2,740   </td> </tr> <tr valign="bottom"> <td align="left">      Segregated cash due from banks   </td> <td align="right">    </td> <td align="right"> 267 </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 267   </td> <td align="right">    </td> <td align="right"> 379 </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 379   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Loans and leases, net of unearned income:   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr valign="bottom"> <td align="left">            Loans (1)   </td> <td align="right">    </td> <td align="right"> 95,250 </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 95,708   </td> <td align="right">    </td> <td align="right"> 95,958 </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 96,280   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">            Leases   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 1,110 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> NA   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 1,315 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> NA   </td> </tr> <tr valign="bottom"> <td align="left">            Allowance for loan and lease losses   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (2,110 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> <td align="left">    </td> <td align="right"> NA   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right"> (1,574 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left"> )   </td> <td align="left">    </td> <td align="right"> NA   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">                    Net loans and leases   </td> <td style="BORDER-BOTTOM: #000000 2pt double" align= "right" bgcolor="#80FFFF"> $   </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 94,250 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> $ </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "right" bgcolor="#80FFFF"> 95,699 </td> <td style="BORDER-BOTTOM: #000000 3px double" align= "left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> </tr> <tr> <td colspan="11">    </td> </tr> <tr valign="bottom"> <td align="left"> Financial liabilities:   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Deposits   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 102,164 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 100,474   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 98,613 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 98,877   </td> </tr> <tr valign="bottom"> <td align="left">      Federal funds purchased, securities sold under   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      repurchase agreements and short-term borrowed funds   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 12,631 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 12,631   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 10,788 </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 10,788   </td> </tr> <tr valign="bottom"> <td align="left">      Long-term debt   </td> <td align="left">    </td> <td align="right"> 18,104 </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 17,677   </td> <td align="right">    </td> <td align="right"> 18,026 </td> <td align="left">    </td> <td align="left">    </td> <td align="right"> 17,873   </td> </tr> <tr valign="bottom"> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">      Capitalized leases   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 6 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> NA   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "right" bgcolor="#80FFFF"> 6 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> NA   </td> </tr> <tr> <td colspan="11">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="5">                    (1) Excludes loans held for sale for which the Fair Value Option was elected.   </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" colspan="11">                    NA - not applicable </td> </tr> </tbody> </table>           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: <table cellspacing="0" cellpadding="0" width="100%" border= "0"> <tbody> <tr> <td align="middle" width="45%"></td> <td align="middle" width="2%"></td> <td align="middle" width="11%"></td> <td align="middle" width="4%"></td> <td align="middle" width="9%"></td> <td align="middle" width="3%"></td> <td align="middle" width="14%"></td> <td align="middle" width="2%"></td> <td align="middle" width="10%"></td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> June 30, 2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="3"> December 31, 2008 </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Notional/   </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Notional/   </td> <td align="middle">    </td> <td align="middle">    </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle"> Contract   </td> <td align="middle">    </td> <td align="middle"> Fair   </td> <td align="middle">    </td> <td align="middle"> Contract   </td> <td align="middle" colspan="2"> Fair </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Value   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle">    </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle"> Amount   </td> <td style="BORDER-BOTTOM: #000000 1px solid" align= "middle" colspan="2"> Value </td> </tr> <tr valign="bottom"> <td align="middle">    </td> <td align="middle">    </td> <td align="middle" colspan="7"> (Dollars in millions) </td> </tr> <tr valign="bottom"> <td align="left"> Contractual commitments:   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Commitments to extend, originate or purchase credit   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 33,522   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 45   </td> <td align="right" bgcolor="#80FFFF"> $ </td> <td align="right" bgcolor="#80FFFF"> 35,144   </td> <td align="right" bgcolor="#80FFFF"> $   </td> <td align="right" bgcolor="#80FFFF"> 50   </td> </tr> <tr valign="bottom"> <td align="left">      Mortgage loans sold with recourse   </td> <td align="left">    </td> <td align="right"> 2,160   </td> <td align="left">    </td> <td align="right"> 4   </td> <td align="right">    </td> <td align="right"> 2,470   </td> <td align="left">    </td> <td align="right"> 3   </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      Other assets sold with recourse   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 3,899   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 11   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 3,259   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 8   </td> </tr> <tr valign="bottom"> <td align="left">      Standby and commercial letters of credit and financial   </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> <td align="right">    </td> <td align="left">    </td> <td align="left">    </td> <td align="left">    </td> </tr> <tr valign="bottom"> <td align="left" bgcolor="#80FFFF">      guarantees written   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 7,627   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 29   </td> <td align="right" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 5,895   </td> <td align="left" bgcolor="#80FFFF">    </td> <td align="right" bgcolor="#80FFFF"> 20   </td> </tr> <tr valign="bottom"> <td align="left">      Commitments to fund affordable housing investments   </td> <td align="left">    </td> <td align="right"> 402   </td> <td align="left">    </td> <td align="right"> 381   </td> <td align="right">    </td> <td align="right"> 412   </td> <td align="left">    </td> <td align="right"> 393   </td> </tr> </tbody> </table>           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 judgments regarding 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.           Cash and cash equivalents and segregated cash due from banks: For these short-term instruments, the carrying amounts are a reasonable estimate of fair values.           Loans receivable and loans held for sale: The fair values for loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms and credit quality. The carrying amounts of accrued interest approximate fair values. The fair values of loans held for sale for which BB&T did not elect the Fair Value Option are based on quoted market prices and the projected value of the net servicing fees.           Deposit liabilities: 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.           Federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds: The carrying amounts of Federal funds purchased, borrowings under repurchase agreements and short-term borrowed funds approximate their fair values.           Long-term debt: 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.           Contractual commitments: 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. </div> </div>

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