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John C. Dugan Confirmed by U.S. Senate as Comptroller of the Currency

August 4, 2005

WASHINGTON, D.C., August 4, 2005 - On Friday, July 29, the United States Senate approved Covington & Burling partner John C. Dugan's nomination by President George W. Bush to serve as Comptroller of the Currency. 

Mr. Dugan will head the Office of the Comptroller of the Currency, which charters, regulates, and supervises all national banks and also federal branches and agencies of foreign banks, for a five-year term.  He is the second Covington partner to be appointed to serve in this capacity; Eugene Ludwig held this position from 1993-1998.

"John has played a leading role in guiding and building our financial institutions practice, and we are sorry to see him go," said Stuart Stock, chair of Covington's management committee.  "It is a singular honor and recognition of John's abilities and accomplishments that he will serve in this important post in the Administration."    

Covington has over a dozen partners in Washington, New York, and San Francisco who provide regulatory, corporate, and litigation advice to some of the largest and most established financial services companies in the country.

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