UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Wood, E. Jenner, III
303 Peachtree Street, N.E.
Atlanta, GA 30308
2. Issuer Name and Ticker or Trading Symbol
SunTrust Banks, Inc.
(STI)
3. IRS or Social Security Number of Reporting Person (Voluntary)
58-1575035
4. Statement for Month/Year
March 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President, SunTrust Banks, Inc.
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |3/17/9|M | |3,200 |A |10.5625 | | | |
|8 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|3/17/9|F | |444 |D |76.0000 |15,902 |D | |
|8 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | |354 |I |Children |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | |21,300 |I |401(k) |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | |76,000 |I |(1) |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Phantom Stock Units (2|1 for 1 | | | | | |(2) |(2) |Common Stock|210 |(2) |210 |D | |
) | | | | | | | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option |10.5625 |3/17/|M | |3,200 |D |11/8/|11/8/|Common Stock|0 | |0 |D | |
| |98 | | | | |88 |98 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option |11.00 | | | | | |11/14|11/14|Common Stock|7,200 | |7,200 |D | |
| | | | | | |/89 |/99 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option (3) |30.00 | | | | | |8/8/9|8/8/9|Common Stock|16,500 | |16,500 |D | |
| | | | | | |5 |9 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Restricted stock held under 1986 SunTrust Executive Stock Plan and 1995
SunTrust Executive Stock Plan.
Subject to certain performance and/or vesting conditions. Restricted stock
agreements contain tax withholding
features allowing stock to be withheld to satisfy tax withholding obligations.
Both plans are exempt under Rule
16(b)-3.
(2) The reported phantom stock units were acquired at various times and prices
under SunTrust Banks, Inc.'s
401(k) excess benefit
plan.
(3) Option to buy shares under SunTrust Banks, Inc. 1995 Executive Stock Plan.
The option becomes
exercisable in 20% increments over 5 years or in the event of death, disability
or change in control.
SIGNATURE OF REPORTING PERSON
/s/ E. Jenner Wood III by Raymond Fortin, Power of Attorney
DATE
April 1, 1998