Debt (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Short-term Debt [Table Text Block]

The following table presents the composition of our short-term borrowings portfolio.



	March 31, 2017							December 31, 2016
($ in millions)	Unsecured			Secured (a)		Total		Unsecured		Secured (a)		Total
Demand notes	$	3,652		$	—	$	3,652	$	3,622	$	—	$	3,622
Federal Home Loan Bank	—			1,850		1,850		—		7,875		7,875
Financial instruments sold under agreements to repurchase	—			1,620		1,620		—		1,176		1,176
Other	1,249		(b)	—		1,249		—		—		—
Total short-term borrowings	$	4,901		$	3,470	$	8,371	$	3,622	$	9,051	$	12,673


(a)	Refer to the section below titled Long-term Debt for further details on assets restricted as collateral for payment of the related debt.


(b)	Balance represents private unsecured committed credit facility and includes debt issuance costs of $1 million as of March 31, 2017. This debt is scheduled to mature in December 2017.

Schedule of Debt [Table Text Block]

The following table presents the composition of our long-term debt portfolio.



	March 31, 2017							December 31, 2016
($ in millions)	Unsecured		Secured			Total		Unsecured		Secured			Total
Long-term debt
Due within one year	$	2,329	$	9,048		$	11,377	$	4,274	$	10,279		$	14,553
Due after one year (a)	14,893		24,492			39,385		15,450		23,810			39,260
Fair value adjustment (b)	308		(9		)	299		326		(11		)	315
Total long-term debt (c)	$	17,530	$	33,531		$	51,061	$	20,050	$	34,078		$	54,128


(a)	Includes $2.6 billion of trust preferred securities at both March 31, 2017, and December 31, 2016.


(b)	Represents the fair value adjustment associated with the application of hedge accounting on certain of our long-term debt positions. Refer to Note 19 for additional information.


(c)	Includes advances from the FHLB of Pittsburgh of $6.1 billion at both March 31, 2017, and December 31, 2016

Scheduled Remaining Maturity of Long-term Debt [Table Text Block]

The following table presents the scheduled remaining maturity of long-term debt at March 31, 2017, assuming no early redemptions will occur. The actual payment of secured debt may vary based on the payment activity of the related pledged assets.



($ in millions)	2017			2018			2019			2020			2021			2022 and thereafter			Fair value adjustment			Total
Unsecured
Long-term debt	$	1,811		$	3,700		$	1,681		$	2,236		$	638		$	8,460		$	308		$	18,834
Original issue discount	(69		)	(101		)	(39		)	(39		)	(42		)	(1,014		)	—			(1,304		)
Total unsecured	1,742			3,599			1,642			2,197			596			7,446			308			17,530
Secured
Long-term debt	7,575			8,534			8,080			5,175			2,558			1,618			(9		)	33,531
Total long-term debt	$	9,317		$	12,133		$	9,722		$	7,372		$	3,154		$	9,064		$	299		$	51,061

Pledged assets for the payment of the related secured borrowings and repurchase agreements [Table Text Block]

The following summarizes assets restricted as collateral for the payment of the related debt obligation primarily arising from securitization transactions accounted for as secured borrowings and repurchase agreements.



	March 31, 2017					December 31, 2016
($ in millions)	Total (a)			Ally Bank		Total (a)			Ally Bank
Investment securities (b)	$	3,175		$	1,978	$	4,895		$	4,231
Mortgage assets held-for-investment and lending receivables	10,847			10,847		10,954			10,954
Consumer automotive finance receivables (b)	26,420			4,523		27,846			5,751
Commercial automotive finance receivables	17,901			17,709		19,487			19,280
Investment in operating leases, net	1,412			314		2,040			913
Total assets restricted as collateral (c) (d)	$	59,755		$	35,371	$	65,222		$	41,129
Secured debt	$	37,001	(e)	$	15,120	$	43,129	(e)	$	22,149


(a)	Ally Bank is a component of the total column.


(b)	A portion of the restricted investment securities and consumer automotive finance receivables are restricted under repurchase agreements. Refer to the section above titled Short-term Borrowings for information on the repurchase agreements.

(c)

Ally Bank has an advance agreement with the FHLB, and had assets pledged to secure borrowings that were restricted as collateral to the FHLB totaling $16.8 billion and $19.0 billion at March 31, 2017, and December 31, 2016, respectively. These assets were composed primarily of consumer mortgage finance receivables and loans and investment securities. Ally Bank has access to the Federal Reserve Bank Discount Window. Ally Bank had assets pledged and restricted as collateral to the Federal Reserve Bank totaling $2.3 billion and $2.4 billion at March 31, 2017, and December 31, 2016, respectively. These assets were composed of consumer automotive finance receivables and loans and operating lease assets. Availability under these programs is only for the operations of Ally Bank and cannot be used to fund the operations or liabilities of Ally or its subsidiaries.


(d)	Excludes restricted cash and cash reserves for securitization trusts recorded within other assets on the Condensed Consolidated Balance Sheet. Refer to Note 12 for additional information.


(e)	Includes $3.5 billion and $9.1 billion of short-term borrowings at March 31, 2017, and December 31, 2016, respectively.

Schedule Of Committed Funding Facilities [Table Text Block]

Committed Funding Facilities



	Outstanding				Unused capacity (a)				Total capacity
($ in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Bank funding
Secured (b)	$	2,050	$	3,250	$	350	$	350	$	2,400	$	3,600
Parent funding
Secured	12,123		11,550		652		1,975		12,775		13,525
Unsecured	1,250		—		—		1,250		1,250		1,250
Total committed facilities	$	15,423	$	14,800	$	1,002	$	3,575	$	16,425	$	18,375


(a)	Funding from committed secured facilities is available on request in the event excess collateral resides in certain facilities or is available to the extent incremental collateral is available and contributed to the facilities.


(b)	Excludes off-balance sheet credit facility amounts.