in addition , included in the loan table are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup . in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield . accordingly , these loans have been excluded from the impaired loan information presented above . in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield . however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield . where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method . the carrying amount of the purchased distressed loan portfolio at december 31 , 2009 was $ 825 million net of an allowance of $ 95 million . the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2009 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance .
( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 87 million of purchased loans accounted for under the level-yield method and $ 242 million under the cost-recovery method . these balances represent the fair value of these loans at their acquisition date . the related total expected cash flows for the level-yield loans were $ 101 million at their acquisition dates . ( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 561 million of loans accounted for under the level-yield method and $ 359 million accounted for under the cost-recovery method. .
In millions of dollars Accretable yield Carrying amount of loan receivable Allowance
Beginning balance $92 $1,510 $122
Purchases(1) 14 329 —
Disposals/payments received (5) (967) —
Accretion (52) 52 —
Builds (reductions) to the allowance (21) 1 (27)
Increase to expected cash flows 10 2 —
FX/Other (11) (7) —
Balance, December 31, 2009(2) $27 $920 $95
in millions of dollars accretable yield carrying amount of loan receivable allowance
beginning balance $ 92 $ 1510 $ 122
purchases ( 1 ) 14 329 2014
disposals/payments received -5 ( 5 ) -967 ( 967 ) 2014
accretion -52 ( 52 ) 52 2014
builds ( reductions ) to the allowance -21 ( 21 ) 1 -27 ( 27 )
increase to expected cash flows 10 2 2014
fx/other -11 ( 11 ) -7 ( 7 ) 2014
balance december 31 2009 ( 2 ) $ 27 $ 920 $ 95
what is the percent of the purchased loans accounted for under the level-yield method included in the carrying amount of loan receivable net of purchased loans accounted for under the under the cost-recovery method