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2-3/8% 20-1/2-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2025

Ref CPI and Index Ratios for May 2011

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2025
    CUSIP NUMBER:                           912810FR4
    DATED DATE:                             July 15, 2004
    ORIGINAL ISSUE DATE:                    July 30, 2004
    ADDITIONAL ISSUE DATE:                  January 31, 2005
                                            July 29, 2005
    MATURITY DATE:                          January 15, 2025
    Ref CPI on DATED DATE:                  188.49677
    TABLE FOR MONTH OF:                     May 2011
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) January 2011                220.223
    CPI-U (NSA) February 2011               221.309
    CPI-U (NSA) March 2011                  223.467

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    May            1       2011    221.30900       1.17407
    May            2       2011    221.37861       1.17444
    May            3       2011    221.44823       1.17481
    May            4       2011    221.51784       1.17518
    May            5       2011    221.58745       1.17555
    May            6       2011    221.65706       1.17592
    May            7       2011    221.72668       1.17629
    May            8       2011    221.79629       1.17666
    May            9       2011    221.86590       1.17703
    May            10      2011    221.93552       1.17740
    May            11      2011    222.00513       1.17777
    May            12      2011    222.07474       1.17814
    May            13      2011    222.14435       1.17850
    May            14      2011    222.21397       1.17887
    May            15      2011    222.28358       1.17924
    May            16      2011    222.35319       1.17961
    May            17      2011    222.42281       1.17998
    May            18      2011    222.49242       1.18035
    May            19      2011    222.56203       1.18072
    May            20      2011    222.63165       1.18109
    May            21      2011    222.70126       1.18146
    May            22      2011    222.77087       1.18183
    May            23      2011    222.84048       1.18220
    May            24      2011    222.91010       1.18257
    May            25      2011    222.97971       1.18294
    May            26      2011    223.04932       1.18331
    May            27      2011    223.11894       1.18368
    May            28      2011    223.18855       1.18404
    May            29      2011    223.25816       1.18441
    May            30      2011    223.32777       1.18478
    May            31      2011    223.39739       1.18515