Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

Notes Offering

On July 15, 2013, we completed a securities offering of $1.4 billion in aggregate principal amount of Ally senior guaranteed notes. The offering included $1.0 billion of fixed rate notes at par to yield 3.5% with a July 2016 maturity date and $375 million of floating rate notes to yield a spread of 2.68% over the three-month London interbank offer rate with a July 2016 maturity date.

Declaration of Quarterly Dividend Payments

On July 9, 2013, the Ally Board of Directors declared quarterly dividend payments on certain outstanding preferred stock. This included a cash dividend of $1.125 per share, or a total of $134 million, on Fixed Rate Cumulative Mandatorily Convertible Preferred Stock, Series F-2; a cash dividend of $17.50 per share, or a total of $45 million, on Fixed Rate Cumulative Perpetual Preferred Stock, Series G; and a cash dividend of $0.53 per share, or a total of $22 million, on Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A. The dividends are payable on August 15, 2013.