- Germanys Merkel announced that all private deposits in German banks would from now on be guaranteed.
- The USDA said:
14% of the corn crop was harvested, down from the five-year average of 30%.
31% of the soybean crop was harvested, down from the five-year average of 41%.
16% of the cotton crop was harvested, down from the five-year average of 24%.
59% of the winter wheat crop was planted.
- Bank of America announced a dividend cut and a plan to sell $10 billion in stock to raise capital.