The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.



	Gross Amounts of Recognized Assets/(Liabilities)			Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Assets/(Liabilities) Presented in the Condensed Consolidated Balance Sheet
									Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
March 31, 2015 ($ in millions)									Financial Instruments			Collateral (a) (b)			Net Amount
Assets
Derivative assets in net asset positions	$	261		$	—	$	261		$	(72	)	$	(102	)	$	87
Derivative assets in net liability positions	54			—		54			(54		)	—			—
Total derivative assets (c)	315			—		315			(126		)	(102		)	87
Reverse repurchase, securities borrowing, and similar arrangements	50			—		50			—			—			50
Total assets	$	365		$	—	$	365		$	(126	)	$	(102	)	$	137
Liabilities
Derivative liabilities in net liability positions	$	(186	)	$	—	$	(186	)	$	54		$	68		$	(64	)
Derivative liabilities in net asset positions	(72		)	—		(72		)	72			—			—
Derivative liabilities with no offsetting arrangements	(10		)	—		(10		)	—			—			(10		)
Total derivative liabilities (c)	(268		)	—		(268		)	126			68			(74		)
Securities sold under agreements to repurchase (d)	(2,166		)	—		(2,166		)	—			2,166			—
Total liabilities	$	(2,434	)	$	—	$	(2,434	)	$	126		$	2,234		$	(74	)


(a)	Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.

(b)

Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged. As of March 31, 2015, $10 million of derivative non-cash collateral received and $50 million of non-cash collateral related to the reverse repurchase agreement were excluded. We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met.


(c)	For additional information on derivative instruments and hedging activities, refer to Note 20.


(d)	For additional information on securities sold under agreements to repurchase, refer to Note 13.



	Gross Amounts of Recognized Assets/(Liabilities)			Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Assets/(Liabilities) Presented in the Condensed Consolidated Balance Sheet
									Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
December 31, 2014 ($ in millions)									Financial Instruments			Collateral (a)			Net Amount
Assets
Derivative assets in net asset positions	$	216		$	—	$	216		$	(60	)	$	(68	)	$	88
Derivative assets in net liability positions	47			—		47			(47		)	—			—
Total assets (b)	$	263		$	—	$	263		$	(107	)	$	(68	)	$	88
Liabilities
Derivative liabilities in net liability positions	$	(188	)	$	—	$	(188	)	$	47		$	54		$	(87	)
Derivative liabilities in net asset positions	(60		)	—		(60		)	60			—			—
Derivative liabilities with no offsetting arrangements	(4		)	—		(4		)	—			—			(4		)
Total derivative liabilities (b)	(252		)	—		(252		)	107			54			(91		)
Securities sold under agreements to repurchase (c)	(774		)	—		(774		)	—			774			—
Total liabilities	$	(1,026	)	$	—	$	(1,026	)	$	107		$	828		$	(91	)


(a)	Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.


(b)	For additional information on derivative instruments and hedging activities, refer to Note 20.


(c)	For additional information on securities sold under agreements to repurchase, refer to Note 13