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Regulatory Capital and Other Regulatory Matters (Tables)
 9 Months Ended
Sep. 30, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following table summarizes our capital ratios under the U.S. Basel III capital framework.
September 30, 2020December 31, 2019Required minimum (a)Well-capitalized minimum
($ in millions)AmountRatioAmountRatio
Capital ratios
Common Equity Tier 1 (to risk-weighted assets)
Ally Financial Inc.$14,258 10.36 %$13,837 9.54 %4.50 %(b)
Ally Bank17,585 13.63 16,627 12.30 4.50 6.50 %
Tier 1 (to risk-weighted assets)
Ally Financial Inc.$16,668 12.11 %$16,271 11.22 %6.00 %6.00 %
Ally Bank17,585 13.63 16,627 12.30 6.00 8.00 
Total (to risk-weighted assets)
Ally Financial Inc.$19,337 14.05 %$18,506 12.76 %8.00 %10.00 %
Ally Bank19,201 14.88 17,854 13.21 8.00 10.00 
Tier 1 leverage (to adjusted quarterly average assets) (c)
Ally Financial Inc.$16,668 9.00 %$16,271 9.08 %4.00 %(b)
Ally Bank17,585 10.07 16,627 10.01 4.00 5.00 %
(a)In addition to the minimum risk-based capital requirements for the Common Equity Tier 1 capital, Tier 1 capital, and total capital ratios, Ally and Ally Bank were required to maintain a minimum capital conservation buffer of 2.5% at both September 30, 2020, and December 31, 2019. Beginning October 1, 2020, Ally’s preliminary stress capital buffer requirement of 3.5% comprises its capital conservation buffer requirement. Ally’s capital conservation buffer was 5.86% and 4.76% at September 30, 2020, and December 31, 2019, respectively.
(b)Currently, there is no ratio component for determining whether a BHC is “well-capitalized.”
(c)Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology.
Schedule of Common Share Repurchase Activity
The following table presents information related to our common stock and distributions to our common stockholders over the last six quarters.
Common stock repurchased during period (a) (b)Number of common shares outstandingCash dividends declared per common share (c)
($ in millions, except per share data; shares in thousands)Approximate dollar valueNumber of sharesBeginning of periodEnd of period
2019
First quarter$211 8,113 404,900 399,761 $0.17 
Second quarter229 7,775 399,761 392,775 0.17 
Third quarter300 9,287 392,775 383,523 0.17 
Fourth quarter299 9,554 383,523 374,332 0.17 
2020
First quarter$104 3,838 374,332 373,155 $0.19 
Second quarter— 53 373,155 373,837 0.19 
Third quarter1 9 373,837 373,857 0.19 
(a)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans.
(b)On March 17, 2020, we announced the voluntary suspension of our stock-repurchase program through its termination on June 30, 2020. Consistent with the FRB’s restrictions on common-stock repurchases for large firms such as Ally, described below, we do not currently plan to implement a new stock-repurchase program or repurchase shares of our common stock, except in connection with compensation plans, for the remainder of 2020. Refer to the discussion below for further details about this action.
(c)On October 6, 2020, our Board declared a quarterly cash dividend of $0.19 per share on all common stock, payable on November 13, 2020, to stockholders of record at the close of business on October 30, 2020. Refer to Note 24 for further information regarding this common stock dividend.