Comprehensive Annual Financial Report for the ... - WMATA.com

Washington Metropolitan Area Transit AuthorityFY 2009 Comprehensive Annual Financial Report(3) Cash, Deposits and Investments (Continued)Notes to Basic Financial StatementsJune 30, 2009 and 20085) Bonds, debentures, notes or other evidences of indebtedness issued by a domestic corporation providedthat such obligations are nonconvertible and at the time of their purchase are rated in the highest ratingcategories by one or more nationally recognized bond rating agency.(a) Cash and DepositsThe Authority's bank balances as of June 30, 2009 and 2008 are grouped to give an indication of the levelof custodial risk assumed by the Authority as follows (in thousands):2009 2008Carrying Bank Carrying BankCash and Deposits Amount Balance Amount BalanceDeposits insured or collateralized $ 169,953 $ 176,050 $ 487 $ 674Deposits uninsured or uncollateralized 10,404 10,404 6,745 7,857Total deposits 180,357 186,454 7,232 8,531Cash on hand 10,121 6,438Total cash and deposits $ 190,478 $ 186,454 $ 13,670 $ 8,531The Authority's interest bearing checking account balances are Federal Deposit Insurance Corporation(FDIC) insured up to $250,000, any excess amounts are secured, at 102 percent, by the pledge of eligiblecollateral. The depository bank pledges collateral to the Authority, which is held in a restricted account atthe Federal Reserve.31