Yesterday, Treasury released a completed transaction report disclosing Treasury's $7.5 billion investment in GMAC, LLC's 9% mandatorily convertible preferred membership interests and warrants under the Automotive Industry Financing Program, of which $4 billion relates to GMAC's agreement with Chrysler LLC to provide automotive financing to Chrysler dealers and customers and $3.5 billion relates to GMAC's $11.5 billion Supervisory Capital Assessment Program capital buffer requirement. The reported transaction was completed on May 21, 2009.

This investment is in addition to the $5 billion in preferred GMAC membership interests that Treasury purchased late last year.