WASHINGTON — The Federal Reserve said Monday that auto lender GMAC Financial Services was the only one of 10 bank-holding companies that hasn't yet met capital requirements under its stress tests.

However, the central bank said in a statement that GMAC is expected to meet the capital ratios required by accessing the U.S. Treasury Department's Troubled Asset Relief Program, or TARP, automotive-industry financing program.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.