Republican presidential nominee, Sen. John McCain of Arizona, received $84.1 million in public funds to conduct his general election campaign and raised an additional $46.4 million for legal and accounting expenses, the FEC reported.
Democratic nominee Barack Obama, then a senator from Illinois, raised $745.7 million in private funds for his primary nomination and general election campaign.
Obama's was the first campaign in the history of presidential public financing in which a major party nominee did not accept public funds -- and its restrictions -- for the general election, the FEC said.
The two parties received $16.8 million each in federal funds for their nominating conventions, while host committees raised a total of $124.3 million in support of their activities.
Individuals, parties and other groups spent $168.8 million independently to advocate the election or defeat of presidential candidates during the 2008 campaign. In the three previous election cycles, similar spending totaled $192.4 million, $14.7 million and $1.4 million.
In 2008, the Democratic National Committee spent $1.1 million on independent expenditures, while the Republican National Committee spent $53.5 million, the FEC said. The national parties also spent a combined $25.3 million in concert with the 2008 presidential campaigns during the general election period.