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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 2008

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            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 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2008                  213.528
    CPI-U (NSA) April 2008                  214.823
    CPI-U (NSA) May 2008                    216.632

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    July           1       2008    214.82300       1.06374
    July           2       2008    214.88135       1.06402
    July           3       2008    214.93971       1.06431
    July           4       2008    214.99806       1.06460
    July           5       2008    215.05642       1.06489
    July           6       2008    215.11477       1.06518
    July           7       2008    215.17313       1.06547
    July           8       2008    215.23148       1.06576
    July           9       2008    215.28984       1.06605
    July           10      2008    215.34819       1.06634
    July           11      2008    215.40655       1.06662
    July           12      2008    215.46490       1.06691
    July           13      2008    215.52326       1.06720
    July           14      2008    215.58161       1.06749
    July           15      2008    215.63997       1.06778
    July           16      2008    215.69832       1.06807
    July           17      2008    215.75668       1.06836
    July           18      2008    215.81503       1.06865
    July           19      2008    215.87339       1.06894
    July           20      2008    215.93174       1.06923
    July           21      2008    215.99010       1.06951
    July           22      2008    216.04845       1.06980
    July           23      2008    216.10681       1.07009
    July           24      2008    216.16516       1.07038
    July           25      2008    216.22352       1.07067
    July           26      2008    216.28187       1.07096
    July           27      2008    216.34023       1.07125
    July           28      2008    216.39858       1.07154
    July           29      2008    216.45694       1.07183
    July           30      2008    216.51529       1.07211
    July           31      2008    216.57365       1.07240