XML 88 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Acquired Property Net
 9 Months Ended
Sep. 30, 2015
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 Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(Dollars in millions)
Beginning balance — Acquired property
 
$
9,199

 
$
12,296

 
$
11,442

 
$
12,307

Additions
 
2,236

 
3,240

 
7,602

 
10,437

Disposals
 
(3,125
)
 
(3,412
)
 
(10,734
)
 
(10,620
)
Ending balance — Acquired property
 
8,310

 
12,124

 
8,310

 
12,124

Beginning balance — Valuation allowance
 
(693
)
 
(736
)
 
(824
)
 
(686
)
Decrease (increase) in valuation allowance
 
74

 
(49
)
 
205

 
(99
)
Ending balance — Valuation allowance
 
(619
)
 
(785
)
 
(619
)
 
(785
)
Ending balance — Acquired property, net
 
$
7,691

 
$
11,339

 
$
7,691

 
$
11,339