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

Ref CPI and Index Ratios for July 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:                     July 2007
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2007                  205.352
    CPI-U (NSA) April 2007                  206.686
    CPI-U (NSA) May 2007                    207.949

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    July            1       2007    206.68600       1.02344
    July            2       2007    206.72674       1.02364
    July            3       2007    206.76748       1.02385
    July            4       2007    206.80823       1.02405
    July            5       2007    206.84897       1.02425
    July            6       2007    206.88971       1.02445
    July            7       2007    206.93045       1.02465
    July            8       2007    206.97119       1.02486
    July            9       2007    207.01194       1.02506
    July            10      2007    207.05268       1.02526
    July            11      2007    207.09342       1.02546
    July            12      2007    207.13416       1.02566
    July            13      2007    207.17490       1.02586
    July            14      2007    207.21565       1.02607
    July            15      2007    207.25639       1.02627
    July            16      2007    207.29713       1.02647
    July            17      2007    207.33787       1.02667
    July            18      2007    207.37861       1.02687
    July            19      2007    207.41935       1.02707
    July            20      2007    207.46010       1.02728
    July            21      2007    207.50084       1.02748
    July            22      2007    207.54158       1.02768
    July            23      2007    207.58232       1.02788
    July            24      2007    207.62306       1.02808
    July            25      2007    207.66381       1.02828
    July            26      2007    207.70455       1.02849
    July            27      2007    207.74529       1.02869
    July            28      2007    207.78603       1.02889
    July            29      2007    207.82677       1.02909
    July            30      2007    207.86752       1.02929
    July            31      2007    207.90826       1.02950