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Capital and Margin Requirements for Covered Swap Entities

Regarding: RIN 3052-AC69

On behalf of our client, National Rural Utilities Cooperative Finance Cooperation, please accept the attached comment letter and exhibit for submission.

Best Regards,                                                                                                                                                                                                     
Tahmineh I. Maloney


Tahmineh Maloney*

Hogan Lovells US LLP
Columbia Square
555 Thirteenth Street, NW
Washington, DC 20004
Tel:+1 202 637 5600
Direct:+1 202 637 6559
Fax:+1 202 637 5910
Email:tahmineh.maloney@hoganlovells.com
 www.hoganlovells.com
*Admitted only in New York

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About Hogan Lovells
Hogan Lovells is an international legal practice that includes Hogan Lovells US LLP and Hogan Lovells International LLP. For more information, see www.hoganlovells.com.


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CFC Coop Exemption Banking Agencies Letter of 08022012.pdf - CFC Coop Exemption Banking Agencies Letter of 08022012.pdfExhibit 1 to August 1 2012 letter from CFC to Agencies.pdf - Exhibit 1 to August 1 2012 letter from CFC to Agencies.pdf