The U.S. Treasury Department said in a report released Friday that it has made available $12.8 billion in funding to help pull struggling auto maker General Motors Corp. (GMGMQ) through what is promised to be a quick trip through bankruptcy court.

The Treasury Department has earmarked $30.1 billion in funds from the Troubled Asset Relief Program, or TARP, to provide financing for GM as it works its way through bankruptcy.

The Treasury this week also saw two additional banks return funds they received through the TARP, the report said. Valley National Bancorp (VLY) paid back $75 million of the $225 million in government capital it received in November.

HF Financial Corp. (HFFC) repaid $25 million in TARP dollars, the full amount of government capital it received in November.

-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com