Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  RITTER C DOWD
 2. Date of Event Requiring Statement (Month/Day/Year)
11/04/2006		 3. Issuer Name and Ticker or Trading Symbol
REGIONS FINANCIAL CORP [RF]
(Last)
(First)
(Middle)
P O BOX 10247		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BIRMINGHAM, AL 352020247		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 243,994
D
 
Common Stock 83,962.864
I
By 401(k)
Common Stock 239,220
I
By GRAT
Common Stock 15,416
I
By Spouse (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option 11/04/2006(2) 10/04/2009 Common Stock 318,960 $ 30.96 D  
Stock Option 11/04/2006(2) 02/11/2010 Common Stock 151,247 $ 20.1436 D  
Stock Option 11/04/2006(2) 01/30/2011 Common Stock 493,690 $ 21.3444 D  
Stock Option 11/04/2006(2) 01/29/2012 Common Stock 511,700 $ 25.4076 D  
Stock Option 11/04/2006(2) 02/09/2013 Common Stock 476,144 $ 25.696 D  
Stock Option 11/04/2006(2) 02/04/2014 Common Stock 464,405 $ 30.5493 D  
Stock Option 11/04/2006(2) 02/07/2015 Common Stock 423,260 $ 32.0166 D  
Stock Option 04/02/2007(2) 04/02/2016 Common Stock 296,075 $ 34.462 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RITTER C DOWD
P O BOX 10247
BIRMINGHAM, AL 352020247		   X     President & CEO  

Signatures

By: D. Bryan Jordan 11/08/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Reporting person disclaims beneficial ownership of these shares.
(2) Provisions exist to these shares to allow for the withholding of shares to satisfy tax withholding obligations and the withholding of shares to satisfy the payment of the exercise price.

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