Ally Bank 2012 Annual Report Download - page 132

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The maturity distribution of available-for-sale debt securities outstanding is summarized in the following tables. Prepayments may cause
actual maturities to differ from scheduled maturities.
Total
Due in
one year
or less
Due after
one year
through
five years
Due after
five years
through
ten years Due after ten years (a)
($ in millions) Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield
December 31, 2012
Fair value of available-for-sale debt
securities (b)
U.S. Treasury and federal agencies $ 2,214 0.9% $ 422 —% $ 682 0.7% $ 1,110 1.4% $ — —%
Foreign government 303 2.5 1 2.2 136 1.8 166 3.0 — —
Mortgage-backed residential 6,906 2.7 — — — — 35 4.3 6,871 2.7
Asset-backed 2,340 2.1 — — 1,543 2.0 510 1.7 287 3.3
Corporate debt 1,263 5.1 9 3.2 560 4.0 596 6.0 98 5.8
Total available-for-sale debt
securities $ 13,026 2.4 $ 432 0.1 $ 2,921 2.0 $ 2,417 2.6 $ 7,256 2.6
Amortized cost of available-for-sale
debt securities $ 12,804 $ 431 $ 2,880 $ 2,369 $ 7,124
December 31, 2011
Fair value of available-for-sale debt
securities (b)
U.S. Treasury and federal agencies $ 1,546 0.9 % $ 231 — % $ 1,202 0.9 % $ 113 2.2 % $ — — %
U.S. states and political
subdivisions 1 5.4 — — — — — — 1 5.4
Foreign government 784 4.4 77 7.7 506 4.3 201 3.3 — —
Mortgage-backed residential 7,312 2.5 3 4.8 2 6.3 189 2.6 7,118 2.5
Asset-backed 2,615 2.1 — — 1,599 1.9 574 1.9 442 3.2
Corporate debt 1,491 4.9 19 4.9 741 4.4 606 5.6 125 4.7
Other 327 1.4 316 1.3 — — 11 4.6 — —
Total available-for-sale debt
securities $ 14,076 2.6 $ 646 1.7 $ 4,050 2.4 $ 1,694 3.5 $ 7,686 2.6
Amortized cost of available-for-sale
debt securities $ 13,979 $ 644 $ 4,026 $ 1,678 $ 7,631
(a) Investments with no stated maturities are included as contractual maturities of greater than 10 years. Actual maturities may differ due to call or
prepayment options.
(b) Yields on tax-exempt obligations are computed on a tax-equivalent basis.
The balances of cash equivalents were $3.4 billion and $5.6 billion at December 31, 2012, and December 31, 2011, respectively, and
were composed primarily of money market accounts and short-term securities, including U.S. Treasury bills.
The following table presents gross gains and losses realized upon the sales of available-for-sale securities and other-than-temporary
impairment.
Year ended December 31, ($ in millions) 2012 2011 2010
Gross realized gains $ 241 $ 298 $ 537
Gross realized losses (34) (28) (34)
Other-than-temporary impairment (61) (11) (1)
Net realized gains $ 146 $ 259 $ 502
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K