BB&T 2015 Annual Report Download - page 145

TableofContents
The transfer of funds in the form of dividends, loans or advances from bank subsidiaries to the Parent Company is restricted. Federal law requires loans to the
Parent Company or its affiliates to be secured and at market terms and generally limits loans to the Parent Company or an individual affiliate to 10% of
Branch Bank’s unimpaired capital and surplus. In the aggregate, loans to the Parent Company and all affiliates cannot exceed 20% of the bank’s unimpaired
capital and surplus.
Dividend payments to the Parent Company by Branch Bank are subject to regulatory review and statutory limitations and, in some instances, regulatory
approval. In general, dividends from Branch Bank to the Parent Company are limited by rules which compare dividends to net income for regulatory-defined
periods. Furthermore, dividends are restricted by regulatory minimum capital constraints.

Accounting standards define 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, with a three level
valuation input hierarchy.
The following tables present fair value information for assets and liabilities measured at fair value on a recurring basis.
    

Assets:
Trading securities $ 1,180 $ 311 $ 869 $ ―
AFS securities:
U.S. Treasury 1,832 ― 1,832 ―
GSE 51 ― 51 ―
Agency MBS 20,046 ― 20,046 ―
States and political subdivisions 2,079 ― 2,079 ―
Non-agency MBS 221 ― 221 ―
Other 4 4 ― ―
Acquired from FDIC 1,064 ― 438 626
LHFS 1,035 ― 1,035 ―
Residential MSRs 880 ― ― 880
Derivative assets:
Interest rate contracts 964 ― 956 8
Foreign exchange contracts 6 ― 6 ―
Private equity and similar investments 289 ― ― 289
Total assets $ 29,651 $ 315 $ 27,533 $ 1,803
Liabilities:
Derivative liabilities:
Interest rate contracts $ 788 $ ― $ 784 $ 4
Foreign exchange contracts 4 ― 4 ―
Securities sold short 147 ― 147 ―
Total liabilities $ 939 $ ― $ 935 $ 4
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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