A huge chunk $49 billion of the funds are with the Treasury Department. The agency initially received $14.5 billion from settlements, though other government agencies, including $34 billion from Fannie Mae, Freddie Mac and other government-charted housing associations, later funneled money to the department. $45 billion was put aside for consumer relief. $10 billion was set aside to be used for housing-related federal agencies and to whistleblowers who called banks out. Some of the funds were also go back to the Treasury. $5.3 billion went to states, which appeared to use the money as they saw fit, including directing the money to pension plans which were hit hard by the fallout from mortgage-back securities. $447 million was given to the Justice Department, which had a role negotiating with banks. Some $1.2 billion could not be tracked down or is unaccounted.

http://fortune.com/2016/03/10/bank-mortgage-fines-wall-street/?xid=nl_termsheet