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2-3/8% 20-1/2-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2025

Ref CPI and Index Ratios for December 2006

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2025
    CUSIP NUMBER:                           912810FR4
    DATED DATE:                             July 15, 2004
    ORIGINAL ISSUE DATE:                    July 30, 2004
    ADDITIONAL ISSUE DATE:                  January 31, 2005
                                            July 29, 2005
    MATURITY DATE:                          January 15, 2025
    Ref CPI on DATED DATE:                  188.49677
    TABLE FOR MONTH OF:                     December 2006
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) August 2006                 203.9
    CPI-U (NSA) September 2006              202.9
    CPI-U (NSA) October 2006                201.8

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    December        1       2006    202.90000       1.07641
    December        2       2006    202.86452       1.07622
    December        3       2006    202.82903       1.07603
    December        4       2006    202.79355       1.07585
    December        5       2006    202.75806       1.07566
    December        6       2006    202.72258       1.07547
    December        7       2006    202.68710       1.07528
    December        8       2006    202.65161       1.07509
    December        9       2006    202.61613       1.07491
    December        10      2006    202.58065       1.07472
    December        11      2006    202.54516       1.07453
    December        12      2006    202.50968       1.07434
    December        13      2006    202.47419       1.07415
    December        14      2006    202.43871       1.07396
    December        15      2006    202.40323       1.07378
    December        16      2006    202.36774       1.07359
    December        17      2006    202.33226       1.07340
    December        18      2006    202.29677       1.07321
    December        19      2006    202.26129       1.07302
    December        20      2006    202.22581       1.07283
    December        21      2006    202.19032       1.07265
    December        22      2006    202.15484       1.07246
    December        23      2006    202.11935       1.07227
    December        24      2006    202.08387       1.07208
    December        25      2006    202.04839       1.07189
    December        26      2006    202.01290       1.07170
    December        27      2006    201.97742       1.07152
    December        28      2006    201.94194       1.07133
    December        29      2006    201.90645       1.07114
    December        30      2006    201.87097       1.07095
    December        31      2006    201.83548       1.07076