KfW,
Palmengartenstrasse 5-9,
D-60325 Frankfurt am Main,
Germany.
August 2, 2012
Ms. Ellie Bavaria,
Securities and Exchange Commission,
100 F Street, N.E.,
Washington, D.C. 20549.
Re: KfW Registration Statement under Schedule B to the Securities Act of 1933
Dear Ms. Bavaria:
We hereby respectfully request the acceleration of effectiveness of the Registration Statement No. 333-181385 of KfW filed with the Commission on May 14, 2012 under Schedule B to the Securities Act of 1933, as amended, to 9:00 a.m. on August 9, 2012, or as soon thereafter as practicable.
| Very truly yours, |
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| KfW | |
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| By: | /S/ HORST SEISSINGER |
| Name: | Horst Seissinger |
| Title: | First Vice President |
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| By: | /S/ JOCHEN LEUBNER |
| Name: | Jochen Leubner |
| Title: | Vice President |
cc: Krystian Czerniecki
(Sullivan & Cromwell LLP)
Glenn Reiter
(Simpson Thacher & Bartlett LLP)