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GMAC (now Ally Financial)

Detroit, Mich. | See all recipients in Michigan
$16.3B Disbursed
$14B Returned
$3.68B Revenue to Gov't
$1.38B Net Outstanding
$16.3B Committed
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GMAC's first aid came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler. You can see the full tally of the auto industry bailout here. It received further aid in 2009. The company was renamed Ally Financial in 2010.


Treasury began the process of extricating itself from the investment in December of 2010, when it converted $5.5 billion of its preferred stock into common stock, leaving it with a common equity stake of 74 percent in Ally. That share was reduced in 2013 to 63 percent as part of a transaction. See details to the left for Treasury's remaining stake.

Stress Tested

This company is among the 19 companies that underwent a "stress test." Regulators determined that it needs to raise $11,500,000,000.0 in additional capital.

See the list of all 19 stress-tested companies here.

Events

Date Type Amount Program Description
04/15/2014 Refund $2,375,000,000 AIFP
01/23/2014 Refund $3,023,750,000 AIFP Partial Repayment
11/20/2013 Refund $5,925,000,000 AIFP Partial Repayment
11/20/2013 Dividend $7,421,875 AIFP Dividend - Cumulative
11/15/2013 Dividend $133,593,750 AIFP Dividend - Cumulative
08/15/2013 Dividend $133,593,750 AIFP Dividend - Cumulative
05/15/2013 Dividend $133,593,750 AIFP Dividend - Cumulative
02/15/2013 Dividend $133,593,750 AIFP Dividend - Cumulative
11/15/2012 Dividend $133,593,750 AIFP Dividend - Cumulative
08/15/2012 Dividend $133,593,750 AIFP Dividend - Cumulative
05/15/2012 Dividend $133,593,750 AIFP Dividend - Cumulative
02/15/2012 Dividend $133,593,750 AIFP Dividend - Cumulative
11/15/2011 Dividend $133,593,750 AIFP Dividend - Cumulative
08/15/2011 Dividend $133,593,750 AIFP Dividend - Cumulative
05/16/2011 Dividend $133,593,750 AIFP Dividend - Cumulative
03/07/2011 Dividend $3,611,563 AIFP Dividend - Cumulative
03/02/2011 Refund $2,667,000,000 AIFP Partial Repayment
03/01/2011 Dividend $8,297,333 AIFP Dividend - Cumulative
02/15/2011 Dividend $133,593,750 AIFP Dividend - Cumulative
02/15/2011 Dividend $53,340,000 AIFP Dividend - Cumulative
12/30/2010 Dividend $61,875,000 AIFP Dividend - Cumulative
11/15/2010 Dividend $257,343,750 AIFP Dividend - Cumulative
11/15/2010 Dividend $53,340,000 AIFP Dividend - Cumulative
08/16/2010 Dividend $257,343,750 AIFP Dividends payment
08/16/2010 Dividend $53,340,000 AIFP Dividends payment
05/17/2010 Dividend $257,343,750 AIFP Dividends payment
05/17/2010 Dividend $53,340,000 AIFP Dividends payment
02/16/2010 Dividend $128,671,875 AIFP Dividends payment
02/16/2010 Dividend $26,670,000 AIFP Dividends payment
12/30/2009 Dividend $141,406,250 AIFP Dividend Payment
12/30/2009 Purchase $2,540,000,000 AIFP Trust Preferred Securities
12/30/2009 Purchase $1,250,000,000 AIFP Mandatory Convertible Preferred Stock
11/16/2009 Dividend $282,812,500 AIFP Dividends payment
08/17/2009 Dividend $271,000,000 AIFP Dividends Paid in Aug. 2009
05/31/2009 Dividend $159,611,111 AIFP Dividends Paid Through 5/31/2009
05/21/2009 Purchase $7,500,000,000 AIFP Preferred Stock w/ Exercised Warrants
12/29/2008 Purchase $5,000,000,000 AIFP Purchase - Preferred Stock w/ Exercised Warrants

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