The announcement comes after GMAC was promised a total of $6 billion in aid from the Treasury Department. That would bring the total amount of cash raised or promised to $27.2 billion - $2.8 billion shy of the $30 billion needed for the lender to become a bank holding company.
GMAC received the Federal Reserve's approval to become a bank holding company last week, but the approval was contingent on its raising at least $30 billion.
