BoC To Auction C$2bln In 30 Day TLF on Monday
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White House Officially Signs Off On Automaker Loan Agreements
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Fed to Further Revise TALF Terms Based on Market Needs Going Forward
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Fed Extends TALF Loan Maturity from 1yr to 3yrs
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TALF Loans No Longer Distributed Through Auction, Available to All Eligible Borrowers --NY FED
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BoA Sells $6.75bln of FDIC-Backed Debt
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IL Governor intends to stay on the Job; will answer questions in appropriate forum
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Obama - economists insist economy must be put back on track first
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Obama - part of econ plan...mechanism to get budgets under control
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Obama - once we get economy back on track, we will be confronted w/ "this enormous deficit"
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Obama - will change how business is done in D.C.; no road to nowhere...
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Obama - focus on job creation, increasing demand, fix financial markets will cost significant amount of money
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Obama - need bold approach to stop rapid econ decline
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Community Bankers Trust Gets $17.68mln of TARP Funds
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Obama - concerned about Stimulus estimates; econ forecasts have deteriorated
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Obama - must have reciprocity in Trade Agreements; labor, environmental agreements must be part of trade agreements
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Obama - must rebuild regulatory structure
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Obama - create jobs and train workers for them; the way to keep jobs in the U.S. is to rebuild infrastructure
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No FED speeches scheduled thru year end - barring unforseen events
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Petrobras Gas, Oil Output Totaled 2.17mln BPD in November
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July 11th, 2008 - Three Additional Hubs to be Added for Physical Clearing on August 5

ICE, NGX Open Cleared Physical Markets to OTC Broker Facilitation

Chuck Vice, President & Chief Operating Officer, ICE: "The ICEBlock system was designed to allow direct broker input and has proven to be an effective tool."

IntercontinentalExchange Inc. and Natural Gas Exchange Inc. have announced plans to provide deal entry capability to energy brokers for physically cleared OTC natural gas contracts.

Under this arrangement and effective immediately, energy market participants who are ICE and NGX customers may designate specific brokerage firms to enter physical transactions for clearing through NGX utilizing the ICEBlock(sm) system. As part of the ICE/NGX alliance announced last year, physical clearing services are currently offered at three U.S. hubs: GTN Malin, PG&E Citygate and Henry Hub. Physical product clearing services will be added for Panhandle Eastern Pool, NGPL TxOk East and Northern Natural's Demarc on August 5, 2008. Volumes at these hubs have grown steadily each month since physical clearing services were initiated in March 2008 as a result of new participants and increased liquidity at the hubs.

"This arrangement provides approved brokers with direct access to NGX's physical clearing services on behalf of their clients," said NGX President Peter Krenkel. "Broker participation will allow NGX to grow open interest and will provide brokers with another tool to close physical deals between credit-constrained counterparties."

"The ICEBlock system was designed to allow direct broker input and has proven to be an effective tool," said Chuck Vice, ICE President and Chief Operating Officer. "We introduced our innovative financial clearing solution for energy products in 2002, and NGX introduced physical clearing over a decade ago. In that time, customers have benefited from the removal of counterparty credit risk in bilateral transactions, and the resulting liquidity by expanding these markets."

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