In a press release from the Board of Governors the Fed said that the monetary sanctions take into account the maximum statutory limits for unsafe and unsound practices, the comparative severity of MetLife's misconduct and size of its foreclosure activities and were similar to those levied in sanctions against five other servicing organizations. The earlier actions, popularly known at the $25 billion servicer settlement, required those five organizations to provide payments and designated monetary assistance and remediation to mortgage borrowers. The Board said the monetary sanctions against MetLife "contemplate the possibility of a similar settlement under which MetLife agrees to provide borrower assistance or remediation." Specifically, if by June 30, 2013 MetLife enters into a settlement with the attorneys general and Justice Department similar to the $25 billion settlement it will have two years to expend the portion of that settlement designated for borrower assistance or remediation after which the residual must be paid to the Federal Reserve.