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Acquired Property, Net
 9 Months Ended
Sep. 30, 2016
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, are actively marketing it and it is ready for immediate sale in its current condition. 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,
 
2016
 
2015
 
2016
 
2015
 
(Dollars in millions)
Beginning balance — Acquired property
$
5,928

 
$
9,199

 
$
7,481

 
$
11,442

Additions
1,391

 
2,236

 
4,876

 
7,602

Disposals
(1,906
)
 
(3,125
)
 
(6,944
)
 
(10,734
)
Ending balance — Acquired property
5,413

 
8,310

 
5,413

 
8,310

Valuation allowance
(372
)
 
(619
)
 
(372
)
 
(619
)
Ending balance — Acquired property, net
$
5,041

 
$
7,691

 
$
5,041

 
$
7,691