FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

SHUFELDT R CHARLES	2. Issuer Name and Ticker or Trading Symbol

SUNTRUST BANKS INC [ STI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Corporate Exec. Vice President	
(Last)          (First)          (Middle)

303 PEACHTREE STREET	3. Date of Earliest Transaction (MM/DD/YYYY)

11/21/2006		
(Street)

ATLANTA, GA 30308
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Stock  	11/21/2006  	 	M	  	1950  	A	$51.125  	29899  	D  	
 	
Common Stock  	11/21/2006  	 	M	  	676  	A	$54.28  	30575  	D  	
 	
Common Stock  	11/21/2006  	 	F	  	1650  	D	$82.64  	28925  	D  	
 	
Common Stock  	 	 	 	  	 	 	 	7787  	I  	Spouse  	
Common Stock  	 	 	 	  	 	 	 	1047.661  	I  	401(k)   (1)	
Common Stock  	 	 	 	  	 	 	 	27600  	I  	Restricted Stock   (2)	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
Phantom Stock Units   (3)	  (3)	 	 	  	  	  	  	  (3)	  (3)	Common Stock  	963.2929  	 	963.2929  	D  	
 	
Option   (4)	$73.0625  	 	 	  	  	  	  	11/9/2002  	11/9/2009  	Common Stock  	5000  	 	5000  	D  	
 	
Option   (5)	$51.125  	11/21/2006  	 	M 	  	  	1950   	11/14/2003  	11/14/2010  	Common Stock  	1950  	$51.125  	7400  	D  	
 	
Option   (5)	$64.57  	 	 	  	  	  	  	11/13/2004  	11/13/2011  	Common Stock  	10000  	 	10000  	D  	
 	
Option   (5)	$61.54  	 	 	  	  	  	  	2/1/2005  	2/1/2012  	Common Stock  	7000  	 	7000  	D  	
 	
Option   (5)	$54.28  	11/21/2006  	 	M 	  	  	676   	2/11/2006  	2/11/2013  	Common Stock  	676  	$54.28  	11324  	D  	
 	
Option   (5)	$73.19  	 	 	  	  	  	  	2/10/2007  	2/10/2014  	Common Stock  	18000  	 	18000  	D  	
 	
Option   (6)	$73.14  	 	 	  	  	  	  	2/8/2008  	2/8/2015  	Common Stock  	18000  	 	18000  	D  	
 	
Option   (6)	$71.03  	 	 	  	  	  	  	2/14/2009  	2/14/2016  	Common Stock  	18000  	 	18000  	D  	

Explanation of Responses:	
(  1) 	Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.	
(  2) 	Restricted stock held under 1986 SunTrust Executive Stock Plan, 1995 SunTrust Executive Stock Plan and SunTrust Banks, Inc. 2000 Stock Plan. Subject to certain vesting conditions. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. All plans are exempt under Rule 16(b)-3.	
(  3) 	The reported phantom stock units were acquired under SunTrust Banks, Inc.'s 401(k) excess benefit plan. These phantom stock units convert to common stock on a one-for-one basis.	
(  4) 	Granted pursuant to the 1995 SunTrust Executive Stock Plan.	
(  5) 	Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.	
(  6) 	Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
SHUFELDT R CHARLES
303 PEACHTREE STREET
ATLANTA, GA 30308			Corporate Exec. Vice President		

Signatures		
T. Stephen Johnson, Attorney-in-Fact for R. Charles Shufeldt		11/22/2006	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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