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1-3/4% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2028

Ref CPI and Index Ratios for August 2008

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2028
    CUSIP NUMBER:                           912810PV4
    DATED DATE:                             January 15, 2008
    ORIGINAL ISSUE DATE:                    January 31, 2008
    AUCTION DATE:                           January 24, 2008
    MATURITY DATE:                          January 15, 2028
    Ref CPI on DATED DATE:                  209.49645
    TABLE FOR MONTH OF:                     August 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) April 2008                  214.823
    CPI-U (NSA) May 2008                    216.632
    CPI-U (NSA) June 2008                   218.815

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    August         1       2008    216.63200       1.03406
    August         2       2008    216.70242       1.03440
    August         3       2008    216.77284       1.03473
    August         4       2008    216.84326       1.03507
    August         5       2008    216.91368       1.03541
    August         6       2008    216.98410       1.03574
    August         7       2008    217.05452       1.03608
    August         8       2008    217.12494       1.03641
    August         9       2008    217.19535       1.03675
    August         10      2008    217.26577       1.03709
    August         11      2008    217.33619       1.03742
    August         12      2008    217.40661       1.03776
    August         13      2008    217.47703       1.03809
    August         14      2008    217.54745       1.03843
    August         15      2008    217.61787       1.03877
    August         16      2008    217.68829       1.03910
    August         17      2008    217.75871       1.03944
    August         18      2008    217.82913       1.03977
    August         19      2008    217.89955       1.04011
    August         20      2008    217.96997       1.04045
    August         21      2008    218.04039       1.04078
    August         22      2008    218.11081       1.04112
    August         23      2008    218.18123       1.04146
    August         24      2008    218.25165       1.04179
    August         25      2008    218.32206       1.04213
    August         26      2008    218.39248       1.04246
    August         27      2008    218.46290       1.04280
    August         28      2008    218.53332       1.04314
    August         29      2008    218.60374       1.04347
    August         30      2008    218.67416       1.04381
    August         31      2008    218.74458       1.04414