As previously disclosed under the S-CAP program , GMAC is required to raise $ 11.5 billion of Tier 1 common or contingent common capital , $ 9.1 billion of which must be new Tier 1 capital . The $ 3.5 billion investment by the U.S. Treasury is new capital for the company toward this program and reduces the level of new capital required to $ 5.6 billion . Consistent with the S-CAP program requirements , GMAC intends to submit a Capital Plan to the Federal Reserve Bank of Chicago by June 8 , 2009 with respect to the remaining capital required . While the U.S. Treasury has indicated that it may be willing to provide additional new capital , GMAC will evaluate other alternatives to meet its capital requirements .