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2-3/8% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2027

Ref CPI and Index Ratios for June 2007

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2027
    CUSIP NUMBER:                           912810PS1
    DATED DATE:                             January 15, 2007
    ORIGINAL ISSUE DATE:                    January 31, 2007
    ADDITIONAL ISSUE DATE:                  N/A
    MATURITY DATE:                          January 15, 2027
    Ref CPI on DATED DATE:                  201.66452
    TABLE FOR MONTH OF:                     June 2007
    NUMBER OF DAYS IN MONTH:                30

    CPI-U (NSA) February 2007               203.499
    CPI-U (NSA) March 2007                  205.352
    CPI-U (NSA) April 2007                  206.686

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    June           1        2007    205.35200       1.01829
    June           2        2007    205.39647       1.01851
    June           3        2007    205.44093       1.01873
    June           4        2007    205.48540       1.01895
    June           5        2007    205.52987       1.01917
    June           6        2007    205.57433       1.01939
    June           7        2007    205.61880       1.01961
    June           8        2007    205.66327       1.01983
    June           9        2007    205.70773       1.02005
    June           10       2007    205.75220       1.02027
    June           11       2007    205.79667       1.02049
    June           12       2007    205.84113       1.02071
    June           13       2007    205.88560       1.02093
    June           14       2007    205.93007       1.02115
    June           15       2007    205.97453       1.02137
    June           16       2007    206.01900       1.02159
    June           17       2007    206.06347       1.02181
    June           18       2007    206.10793       1.02203
    June           19       2007    206.15240       1.02225
    June           20       2007    206.19687       1.02247
    June           21       2007    206.24133       1.02270
    June           22       2007    206.28580       1.02292
    June           23       2007    206.33027       1.02314
    June           24       2007    206.37473       1.02336
    June           25       2007    206.41920       1.02358
    June           26       2007    206.46367       1.02380
    June           27       2007    206.50813       1.02402
    June           28       2007    206.55260       1.02424
    June           29       2007    206.59707       1.02446
    June           30       2007    206.64153       1.02468