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12/30/2015

Printer Version ­ Board of Governors of the Federal Reserve System

Press Release

Release Date: December 24, 2008
For immediate release
The Federal Reserve Board on Wednesday announced its approval of the application and notices
under sections 3 and 4 of the Bank Holding Company Act by GMAC LLC and IB Finance Holding
Company, LLC, both of Detroit, Michigan, to become bank holding companies on conversion of
GMAC Bank, a Utah industrial loan company, to a commercial bank and to retain certain
nonbanking subsidiaries.
Attached is the Order relating to this action.
Attachment (113 KB PDF)

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