FNM Also Suspends Foreclosures Thru January
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FRE Suspends All Foreclosures, Evictions of Occupied Homes Thru January 9, 2009
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S&P/TSX Down 765 Points, a 9% Decline to 7724 at Close
::
10yr Yield Drops to 3.05% (Lowest Ever)
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Dell Beats in Q3 - 37 Cents/Share vs. 31 Estimated
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BoNY Cutting 4% (1,800 Jobs)
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Citi: Strong Capital Position, Liquidity --CNBC
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TSY - no other funds in TSY's temporary money mkt guarantee program rec'd a similar liquidation notice from the SEC
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TSY's Exchange Stabilization Fund will buy any remaining securities in The Reserve Fund at amortized cost
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TSY is helping The Reserve Fund to ensure "order and timely" liquidation
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Office of Thrift Supervision says 225 banks seeking funds are pending Agency Review
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OTS says 1/3 of Thrift Banks have sought bailout funds
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TSY - The Reserve Fund's securities are s/t Gov't paper and FNM, FRE securities
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TSY will serve as 'buyer of last resort' for The Reserve Fund's securities
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30yr Yield Drops to 3.61% (Lowest Ever) on Biggest Day Drop Since Sep-01
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TSY had taken The Reserve Fund into the Temporary Guarantee for Money Market Funds program
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TSY says they agree to help liquidate fund due to "extraordinary and unique" circumstances
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TSY agrees to help liquidate The Reserve Fund's U.S. Gov't Fund
::
Long Bond Up 5 Handles in Panic-Buying
::
S&P Down 5.1% to 765, Lowest Since Apr-97
::

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August 15th, 2008 - BNY ConvergEx Group announces that its BNY Global Transition Management business achieved record growth in July 2008

BNY ConvergEx Group Announces Record-Breaking Transition Management Growth in July

Carey Pack, CEO, BNY ConvergEx: This unprecedented growth underscores the global scale of our offerings."

BNY ConvergEx Group has announced that its BNY Global Transition Management business achieved record growth in July 2008. This new record further demonstrates the strength of ConvergExs agency model and its ability to bring value-added solutions to clients in todays changing marketplace.

BNY Global Transition Management experienced growth of more than 50% in the number of transitions executed during the month ending July 31, 2008, and more than doubled the principal amount of the assets transitioned, as compared to the same period last year. As transition activity surged throughout the United States, the United Kingdom, the Middle East, Asia and Europe, significant growth was attained in both the number and type of new clients coming to market, the dollar value of assets transitioned, and the level of complexity of the portfolio compositions.

This unprecedented growth underscores the global scale of our offerings and ability to provide clients with specialized transition strategies - for even the most complex of portfolios, stated Carey S. Pack, Chief Executive Officer of BNY ConvergEx Execution Solutions.

Kal Bassily, CFA, Head of BNY Global Transition Management added, Our more than 20 years of experience and transition expertise, combined with our global multi-asset class execution capabilities, helps us to understand the most unique and complicated of transitions. Thriving in this volatile and challenging trading environment reflects our understanding of the risks and our skill in maintaining the correct exposure throughout the transition period, while orchestrating an intricate chain of events to minimize trading and operational costs.

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August 15th, 2008 - BNY ConvergEx Group announces that its BNY Global Transition Management business achieved record growth in July 2008

BNY ConvergEx Group Announces Record-Breaking Transition Management Growth in July

Carey Pack, CEO, BNY ConvergEx: This unprecedented growth underscores the global scale of our offerings."

Carey Pack, CEO, BNY ConvergEx: This unprecedented growth underscores the global scale of our offerings."