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2-1/2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due July 15, 2016

Ref CPI and Index Ratios for January 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            Series D-2016
    CUSIP NUMBER:                           912828FL9
    DATED DATE:                             July 15, 2006
    ORIGINAL ISSUE DATE:                    July 17, 2006
    ADDITIONAL ISSUE DATE:                  October 16, 2006
    MATURITY DATE:                          July 15, 2016
    Ref CPI on DATED DATE:                  201.95161
    TABLE FOR MONTH OF:                     January 2007
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) September 2006              202.9
    CPI-U (NSA) October 2006                201.8
    CPI-U (NSA) November 2006               201.5

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    January         1       2007    201.80000       0.99925
    January         2       2007    201.79032       0.99920
    January         3       2007    201.78065       0.99915
    January         4       2007    201.77097       0.99911
    January         5       2007    201.76129       0.99906
    January         6       2007    201.75161       0.99901
    January         7       2007    201.74194       0.99896
    January         8       2007    201.73226       0.99891
    January         9       2007    201.72258       0.99887
    January         10      2007    201.71290       0.99882
    January         11      2007    201.70323       0.99877
    January         12      2007    201.69355       0.99872
    January         13      2007    201.68387       0.99867
    January         14      2007    201.67419       0.99863
    January         15      2007    201.66452       0.99858
    January         16      2007    201.65484       0.99853
    January         17      2007    201.64516       0.99848
    January         18      2007    201.63548       0.99843
    January         19      2007    201.62581       0.99839
    January         20      2007    201.61613       0.99834
    January         21      2007    201.60645       0.99829
    January         22      2007    201.59677       0.99824
    January         23      2007    201.58710       0.99820
    January         24      2007    201.57742       0.99815
    January         25      2007    201.56774       0.99810
    January         26      2007    201.55806       0.99805
    January         27      2007    201.54839       0.99800
    January         28      2007    201.53871       0.99796
    January         29      2007    201.52903       0.99791
    January         30      2007    201.51935       0.99786
    January         31      2007    201.50968       0.99781