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Attorney General Eric Holder speaks during a news conference at the Justice Department in Washington, Thursday, Nov. 13, 2014, with Italys Minister of Justice Andrea Orlando, and Dimitris Avramopoulos, EU Commissioner for Migration, Home Affairs, and Citizenship. Holder spoke after ... more >

By - Associated Press - Wednesday, November 19, 2014

WASHINGTON (AP) The Justice Department says it collected $24.7 billion in settlements and penalties in the fiscal year that ended Sept. 30.

Attorney General Eric Holder said Wednesday that the amount includes both criminal penalties and civil settlements and is more than three times the $8 billion collected in the previous year, fiscal 2013.

The total includes proceeds that were actually recovered in fiscal year 2014, even if the cases that yielded the money had been legally settled in prior years.

It also includes civil debts collected on behalf of other federal agencies, including the Department of Housing and Urban Development.

The Justice Department says civil penalties paid by banks to resolve investigations arising from themortgagecrisis accounted for the largest single source of collection.

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Justice Dept. collected nearly $25B in fiscal 2014