BB&T 2008 Annual Report Download - page 126

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BB&T CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
NOTE 17. Parent Company Financial Statements
Parent Company
Condensed Balance Sheets
December 31, 2008 and 2007
2008 2007
(Dollars in millions)
Assets
Cash and due from banks $ 274 $ 37
Securities available for sale at fair value 182 133
Investment in banking subsidiaries 16,466 13,710
Investment in other subsidiaries 1,501 1,432
Total investments in subsidiaries 17,967 15,142
Advances to / receivables from banking subsidiaries 4,057 2,386
Advances to / receivables from other subsidiaries 1,601 1,967
Premises and equipment 44
Other assets 227 211
Total assets $24,312 $19,880
Liabilities and Shareholders’ Equity
Short-term borrowed funds $ 1,709 $ 1,797
Dividends payable 279 251
Accounts payable and other liabilities 86 84
Long-term debt 3,579 3,172
Long-term debt due to subsidiaries 2,622 1,944
Total liabilities 8,275 7,248
Total shareholders’ equity 16,037 12,632
Total liabilities and shareholders’ equity $24,312 $19,880
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