Ally Bank 2012 Annual Report Download - page 170

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Balance Sheet Presentation
The following table summarizes the fair value amounts of derivative instruments reported on our Consolidated Balance Sheet. The fair
value amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those
that are not, and are further segregated by type of contract within those two categories. At December 31, 2012, $2.3 billion of the derivative
contracts in a receivable position were classified as other assets on the Consolidated Balance Sheet. At December 31, 2011, $5.7 billion and
$14 million of the derivative contracts in a receivable position were classified as other assets and trading assets, respectively, on the
Consolidated Balance Sheet. At December 31, 2012, $2.5 billion of derivative contracts in a liability position were classified as accrued
expenses and other liabilities on the Consolidated Balance Sheet. At December 31, 2011, $5.4 billion of derivative contracts in a liability
position and $12 million of trading derivatives were both classified as accrued expenses and other liabilities on the Consolidated Balance
Sheet.
2012 2011
Derivative contracts in a
Notional
amount
Derivative contracts in a
Notional
amountDecember 31, ($ in millions)receivable
position (a) payable position (b) receivable
position (a) payable position (b)
Derivatives qualifying for hedge accounting
Interest rate risk
Fair value accounting hedges $ 411 $ — $ 7,248 $ 289 $ 4 $ 8,398
Cash flow accounting hedges — 10 2,580 4 — 3,000
Total interest rate risk 411 10 9,828 293 4 11,398
Foreign exchange risk
Net investment accounting hedges 35 53 8,693 123 54 8,208
Total derivatives qualifying for hedge accounting 446 63 18,521 416 58 19,606
Economic hedges and trading derivatives
Interest rate risk
MSRs 1,616 2,299 146,405 4,812 5,012 523,037
Mortgage loan commitments and mortgage
loans held-for-sale 49 23 9,617 95 107 24,950
Debt 28 29 17,716 81 54 25,934
Other 154 27 41,514 160 101 42,142
Total interest rate risk 1,847 2,378 215,252 5,148 5,274 616,063
Foreign exchange risk 5 27 2,464 137 47 7,569
Total economic hedges and trading derivatives 1,852 2,405 217,716 5,285 5,321 623,632
Total derivatives $ 2,298 $ 2,468 $ 236,237 $ 5,701 $ 5,379 $ 643,238
(a) Includes accrued interest of $175 million and $459 million at December 31, 2012 and 2011, respectively.
(b) Includes accrued interest of $144 million and $458 million at December 31, 2012 and 2011, respectively.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K