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Acquired Property Net
 6 Months Ended
Jun. 30, 2014
Real Estate [Abstract]  
Acquired Property, Net
Acquired Property, Net
Acquired property, net consists of held-for-sale foreclosed property received in satisfaction of a loan, net of a valuation allowance for declines in the fair value of the properties after initial acquisition. We classify properties as held-for-sale when we intend to sell the property and are actively marketing it for sale. The following table displays the activity in acquired property, and the related valuation allowance, for the three and six months ended June 30, 2014 and 2013.
 
 
For the Three Months Ended June 30,
 
For the Six Months
Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(Dollars in millions)
Beginning balance — Acquired property
 
$
12,744

 
$
10,719

 
$
12,307

 
$
11,158

Additions
 
3,425

 
4,195

 
7,197

 
7,969

Disposals
 
(3,873
)
 
(4,108
)
 
(7,208
)
 
(8,321
)
Ending balance — Acquired property
 
$
12,296

 
$
10,806

 
$
12,296

 
$
10,806

Beginning balance — Valuation allowance
 
(784
)
 
(570
)
 
(686
)
 
(669
)
Decrease (increase) in valuation allowance
 
48

 
30

 
(50
)
 
129

Ending balance — Valuation allowance
 
(736
)
 
(540
)
 
(736
)
 
(540
)
Ending balance — Acquired property, net
 
$
11,560

 
$
10,266

 
$
11,560

 
$
10,266