Not "ballon" frame: BALLOON frame. As in the floaty thingies.
Balloon framing was common way of quickly knocking-out multistory light-duty wood-framed structures a century or so ago, before it was pushed-out by Western Platform Framing, which is the norm today.
Balloon framing pushed out timber framing. Houses could be built with less skill, labor and time with balloon framing than timber framing.
For a two-story structure:
As I'm sure you know: In western platform framing, stud walls are built story by story. The second floor is built atop the first-story stud walls, sheathed, and then the second-story stud walls are built atop that deck and tilted up. Etc.
In balloon framing, the perimeter stud walls run the full height of both stories, sill to eaves.
Just below the bottom of the joists of the second story floor framing, "ribbands" are "let into" notches in the the studs. The floor joists are run long, outside of wall to outside of wall, get set bearing (sorta) on the ribband, and are face-nailed to each stud, which they each flank.
Here are some problems with this:
1. No perimeter chord at the floor diaphragms, on walls where the joists frame into the wall at right angles.
2. The stud bay spaces are open from the crawl space all the way up. Even at the plane(s) of the floor(s). These form potential chimneys. So if a fire were to start low down, the fire could zip into the stud bays, accelerate right up those flue spaces, into the joist bays, maybe even into the attic. Then POOF, the entire house is blown away in minutes. Yikes!!!!
Modern codes require fire stopping at such junctures, where that function is not already achieved by other means. In platform framing, the top plates already handle the job.
Modern codes also usually dictate fire stopping in wood-framed walls at maximum 10' intervals, both directions. I hope everyone is detailing/noting this on their plans and details. Because if missed, it can amount to unhappy change orders if an inspector catches the lack thereof and orders it done after the framing is complete. Soffits and bump-outs, too.
In balloon framing:
If the place is as-built, then you likely have open stud bays, from bottom to top.
You can fire-stop the connections at the floor plane. You must fire-stop both the vertical runs (stud bays), and the transitions to any horizontal spaces (joist bays).
Some jurisdictions may allow you to deal with the chimney effect by using solely insulation. Something to look into, maybe. Some won't allow fiberglass insulation for this purpose, only rock wool. I've used both for this purpose, AHJ-approved.
If you're tearing the plaster off, you have lots of options, right?
If you're not touching anything: "Existing/Non-conforming." It's up to your client and his asset insurer.
James Horecka, AIA