Long-term debt comprised the following:
					September 30,		December 31,
					2011		2010

					(Dollars in millions)
		BB&T Corporation
			3.10% Senior Notes Due 2011		$	―	$	250
			3.85% Senior Notes Due 2012			1,000		1,000
			3.38% Senior Notes Due 2013			500		500
			5.70% Senior Notes Due 2014			510		510
			2.05% Senior Notes Due 2014 (1)			700		―
			Floating Rate Senior Notes Due 2014 (2)			300		―
			3.95% Senior Notes Due 2016			499		499
			3.20% Senior Notes Due 2016 (1)			999		―
			6.85% Senior Notes Due 2019 (1)			538		538
			6.50% Subordinated Notes Due 2011 (3)			―		610
			4.75% Subordinated Notes Due 2012 (3)			490		490
			5.20% Subordinated Notes Due 2015 (3)			932		932
			4.90% Subordinated Notes Due 2017 (1)(3)			342		339
			5.25% Subordinated Notes Due 2019 (1)(3)			586		586

		Branch Bank
			Floating Rate Subordinated Notes Due 2016 (3)(4)			350		350
			Floating Rate Subordinated Notes Due 2017 (3)(4)			261		261
			4.875% Subordinated Notes Due 2013 (3)			222		222
			5.625% Subordinated Notes Due 2016 (1)(3)			386		386

		Federal Home Loan Bank Advances to Branch Bank (5)
			Varying maturities to 2034			9,320		10,243

		Junior Subordinated Debt to Unconsolidated Trusts (6)				3,270		3,269

		Other Long-Term Debt				74		123

		Fair value hedge-related basis adjustments				874		622
				Total Long-Term Debt	$	22,153	$	21,730


(1)	These fixed rate notes were swapped to floating rates based on LIBOR. At September 30, 2011, the effective rates paid on these borrowings ranged from 0.99% to 3.75%.
(2)	These floating-rate senior notes are based on LIBOR and had an effective rate of 0.95% at September 30, 2011.
(3)	Subordinated notes that qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.
(4)	These floating-rate securities are based on LIBOR, but the majority of the cash flows have been swapped to a fixed rate. The effective rate paid on these securities including the effect of cash flow hedges was 3.25% at September 30, 2011.
(5)	Certain of these advances have been swapped to floating rates from fixed rates and from fixed rates to floating rates. At September 30, 2011, the weighted average rate paid on these advances including the effect of hedges was 3.81%, and the weighted average maturity was 6.0 years.
(6)	Securities that qualify under the risk-based capital guidelines as Tier 1 capital, subject to certain limitations. Refer to BB&T's Annual Report on Form 10-K for the year ended December 31, 2010 for additional information.

In March 2011, BB&T made the decision to retire all of its junior subordinated debt to unconsolidated trusts through the exercise of certain early redemption provisions. BB&T determined that it was appropriate to amortize the remaining debt issuance costs and related discounts or premiums, including fair value hedge adjustments, over the period from March 2011 to the current expected redemption date for each of the impacted debt securities.