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

Ref CPI and Index Ratios for July 2011

    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:                  July 31, 2007
    MATURITY DATE:                          January 15, 2027
    Ref CPI on DATED DATE:                  201.66452
    TABLE FOR MONTH OF:                     July 2011
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2011                  223.467
    CPI-U (NSA) April 2011                  224.906
    CPI-U (NSA) May 2011                    225.964

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    July           1       2011    224.90600       1.11525
    July           2       2011    224.94013       1.11542
    July           3       2011    224.97426       1.11559
    July           4       2011    225.00839       1.11576
    July           5       2011    225.04252       1.11593
    July           6       2011    225.07665       1.11609
    July           7       2011    225.11077       1.11626
    July           8       2011    225.14490       1.11643
    July           9       2011    225.17903       1.11660
    July           10      2011    225.21316       1.11677
    July           11      2011    225.24729       1.11694
    July           12      2011    225.28142       1.11711
    July           13      2011    225.31555       1.11728
    July           14      2011    225.34968       1.11745
    July           15      2011    225.38381       1.11762
    July           16      2011    225.41794       1.11779
    July           17      2011    225.45206       1.11796
    July           18      2011    225.48619       1.11813
    July           19      2011    225.52032       1.11829
    July           20      2011    225.55445       1.11846
    July           21      2011    225.58858       1.11863
    July           22      2011    225.62271       1.11880
    July           23      2011    225.65684       1.11897
    July           24      2011    225.69097       1.11914
    July           25      2011    225.72510       1.11931
    July           26      2011    225.75923       1.11948
    July           27      2011    225.79335       1.11965
    July           28      2011    225.82748       1.11982
    July           29      2011    225.86161       1.11999
    July           30      2011    225.89574       1.12016
    July           31      2011    225.92987       1.12033