Federal Reserve announces that it has not objected to a re-submitted capital plan from BB&T Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 23, 2013. It is reproduced in full below.

The Federal Reserve on Friday announced it has not objected to a re-submitted capital plan from BB&T Corporation. Earlier this year, the Federal Reserve objected to BB&T’s 2013 capital plan based on a qualitative assessment conducted during the annual Comprehensive Capital Analysis and Review. BB&T was required to submit a new capital plan under the Federal Reserve’s regulation.

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Source: Board of Governors of the Federal Reserve System