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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 2008

    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 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) September 2007              208.490
    CPI-U (NSA) October 2007                208.936
    CPI-U (NSA) November 2007               210.177

    Month   Calendar Day    Year    Ref CPI       Index Ratio

    January         1       2008    208.93600       1.03458
    January         2       2008    208.97603       1.03478
    January         3       2008    209.01606       1.03498
    January         4       2008    209.05610       1.03518
    January         5       2008    209.09613       1.03538
    January         6       2008    209.13616       1.03558
    January         7       2008    209.17619       1.03577
    January         8       2008    209.21623       1.03597
    January         9       2008    209.25626       1.03617
    January         10      2008    209.29629       1.03637
    January         11      2008    209.33632       1.03657
    January         12      2008    209.37635       1.03676
    January         13      2008    209.41639       1.03696
    January         14      2008    209.45642       1.03716
    January         15      2008    209.49645       1.03736
    January         16      2008    209.53648       1.03756
    January         17      2008    209.57652       1.03776
    January         18      2008    209.61655       1.03795
    January         19      2008    209.65658       1.03815
    January         20      2008    209.69661       1.03835
    January         21      2008    209.73665       1.03855
    January         22      2008    209.77668       1.03875
    January         23      2008    209.81671       1.03895
    January         24      2008    209.85674       1.03914
    January         25      2008    209.89677       1.03934
    January         26      2008    209.93681       1.03954
    January         27      2008    209.97684       1.03974
    January         28      2008    210.01687       1.03994
    January         29      2008    210.05690       1.04013
    January         30      2008    210.09694       1.04033
    January         31      2008    210.13697       1.04053