- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Slocum Michael	2. Date of Event Requiring Statement (MM/DD/YYYY) 9/1/2011	3. Issuer Name and Ticker or Trading Symbol CAPITAL ONE FINANCIAL CORP [COF]
(Last)        (First)        (Middle) 1680 CAPITAL ONE DRIVE	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            _____ 10% Owner ___ X ___ Officer (give title below)          _____ Other (specify below) President, Commercial Banking /
(Street) MCLEAN, VA 22102        (City)              (State)              (Zip)	5. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	58792.0000	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units	(1)	3/15/2012	Common Stock	12514.0000   (2)	$0.0000   (3)	D
Restricted Stock Units	(4)	(4)	Common Stock	12234.0000	$0.0000   (5)	D
Restricted Stock Units	12/15/2011	12/15/2011	Common Stock	7996.0000	$0.0000   (5)	D
Stock Options	(6)	1/28/2019	Common Stock	23610.0000	$18.2800	D
Stock Options	(7)	1/25/2021	Common Stock	26405.0000	$48.2800	D
Stock Options	(8)	2/20/2018	Common Stock	30740.0000	$48.9500	D

Explanation of Responses:
( 1)	The performance shares may be issuable at the end of a three-year performance period (January 1, 2009 to December 31, 2011) based on the Company's total shareholder return as compared to the total shareholder return for a peer group of companies.
( 2)	The number of performance units shown represents the maximum number of performance shares that may be issuable at the end of the performance period.
( 3)	Each performance unit represents the right to receive one performance share upon satisfaction of the performance conditions.
( 4)	These restricted stock units will vest in 1/3 increments beginning on January 26, 2012 and annually thereafter.
( 5)	Each restricted stock unit will be settled in cash based on the Company's average fair market value of the underlying shares of common stock over the twenty trading days preceding the vesting date.
( 6)	This option, which represented a right to purchase a total of 70,827 shares, became exercisable in 1/3 increments beginning on January 29, 2010 and annually thereafter.
( 7)	This option becomes exercisable in 1/3 increments beginning on January 26, 2012 and annually thereafter.
( 8)	This option became exercisable in 1/3 increments beginning on February 21, 2009 and annually thereafter.

Remarks: poaslocum.txt

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Slocum Michael 1680 CAPITAL ONE DRIVE MCLEAN, VA 22102			President, Commercial Banking

Signatures
Gregory W. Seward (POA on file)		9/9/2011
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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