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2% 10-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2014

Ref CPI and Index Ratios for July 2011

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            A-2014
    CUSIP NUMBER:                           912828BW9
    DATED DATE:                             January 15, 2004
    ORIGINAL ISSUE DATE:                    January 15, 2004
    ADDITIONAL ISSUE DATE:                  April 15, 2004
    MATURITY DATE:                          January 15, 2014
    Ref CPI on DATED DATE:                  184.77419
    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       1.21719
    July           2       2011    224.94013       1.21738
    July           3       2011    224.97426       1.21756
    July           4       2011    225.00839       1.21775
    July           5       2011    225.04252       1.21793
    July           6       2011    225.07665       1.21812
    July           7       2011    225.11077       1.21830
    July           8       2011    225.14490       1.21849
    July           9       2011    225.17903       1.21867
    July           10      2011    225.21316       1.21886
    July           11      2011    225.24729       1.21904
    July           12      2011    225.28142       1.21923
    July           13      2011    225.31555       1.21941
    July           14      2011    225.34968       1.21960
    July           15      2011    225.38381       1.21978
    July           16      2011    225.41794       1.21996
    July           17      2011    225.45206       1.22015
    July           18      2011    225.48619       1.22033
    July           19      2011    225.52032       1.22052
    July           20      2011    225.55445       1.22070
    July           21      2011    225.58858       1.22089
    July           22      2011    225.62271       1.22107
    July           23      2011    225.65684       1.22126
    July           24      2011    225.69097       1.22144
    July           25      2011    225.72510       1.22163
    July           26      2011    225.75923       1.22181
    July           27      2011    225.79335       1.22200
    July           28      2011    225.82748       1.22218
    July           29      2011    225.86161       1.22237
    July           30      2011    225.89574       1.22255
    July           31      2011    225.92987       1.22274