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Besides paying each eligible customer $15, the proposed settlement reserved $4.25 million for lawyers' fees.
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Even at the higher end, Nerby said: "This would require an addition to our assumed DoJ settlement reserve of €2.4 bn, which would dent 2016 profitability but would not significantly impair its capital position".
At first he tempted them by announcing that in his four-year fiscal plan, he wants to set aside $750 million as of the 2002 fiscal year to pay for merit raises, an unusual bargaining tool for a city that typically keeps its settlement reserves a secret.
Robert Hamerton was the first public trustee for the West Coast Settlement Reserves.
A healthy population at Katanning, spanning two Native Settlement reserves and some private property.
The rest of the farm had been West Coast Settlement Reserve land too, he said looking over his shoulder back towards the mountain, but his father, John, had "converted" it some time ago so the Mullins owned it outright.
The 1915 Partition Order for Orimupiko Block 22 was issued under Section 21 of the West Coast Settlement Reserves Amendment Act 1913 and 1914 and the Native Land Act 1909.
The General Court established townships as a means of providing local government over settlements, but reserved for itself the right to control specific distribution of land to individuals within those towns.
Additional settlement funds are reserved for refinancing programs for borrowers who are current on their payments but whose homes are worth less than they owe.
Much of the money to pay for the settlement has already been reserved, and investors expect the settlement to remove at least one legal worry for Bank of America.
But in Minnesota's settlement, $469m was reserved for Blue Cross/Blue Shield, an insurer.
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