NOTE 7. Benefit Plans

          BB&T provides various benefit plans to substantially all employees, including employees of acquired entities. Employees of acquired entities generally participate in existing BB&T plans after consummation of the business combinations. The plans of acquired institutions are typically merged into the BB&T plans after consummation of the mergers, and, under these circumstances, credit is usually given to these employees for years of service at the acquired institution for vesting and eligibility purposes. Please refer to BB&T’s Annual Report on Form 10-K for the year ended December 31, 2008 for descriptions and disclosures about the various benefit plans offered by BB&T.

          The following table summarizes the components of net periodic benefit cost recognized for BB&T’s pension plans for the three and six month periods ended June 30, 2009 and 2008, respectively:

		Pension Plans
		Qualified						Nonqualified
		For the						For the
		Three Months Ended						Three Months Ended
		June 30,						June 30,
		2009		2008				2009		2008
		(Dollars in millions)
Service cost	$	19		$	18		$	1	$	1
Interest cost		19			18			2		2
Estimated return on plan assets		(35	)		(34	)		-		-
Amortization and other		14			(1	)		-		-
Net periodic benefit cost	$	17		$	1		$	3	$	3
		Pension Plans
		Qualified						Nonqualified
		For the						For the
		Six Months Ended						Six Months Ended
		June 30,						June 30,
		2009		2008				2009		2008
		(Dollars in millions)
Service cost	$	38		$	35		$	2	$	2
Interest cost		38			36			4		4
Estimated return on plan assets		(71	)		(68	)		-		-
Amortization and other		28			(2	)		1		1
Net periodic benefit cost	$	33		$	1		$	7	$	7

          BB&T makes contributions to the qualified pension plan in amounts between the minimum required for funding standard accounts and the maximum amount deductible for federal income tax purposes. A discretionary contribution of $422 million was made to the qualified pension plan in the first quarter of 2009. Management currently has no plans to make any additional contributions to the qualified pension plan in 2009; however, management may elect to make additional contributions during 2009 if deemed appropriate.