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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 March 2012

    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:                     March 2012
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) November 2011               226.230
    CPI-U (NSA) December 2011               225.672
    CPI-U (NSA) January 2012                226.665

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    March          1       2012    225.67200       1.19722
    March          2       2012    225.70403       1.19739
    March          3       2012    225.73606       1.19756
    March          4       2012    225.76810       1.19773
    March          5       2012    225.80013       1.19790
    March          6       2012    225.83216       1.19807
    March          7       2012    225.86419       1.19824
    March          8       2012    225.89623       1.19841
    March          9       2012    225.92826       1.19858
    March          10      2012    225.96029       1.19875
    March          11      2012    225.99232       1.19892
    March          12      2012    226.02435       1.19909
    March          13      2012    226.05639       1.19926
    March          14      2012    226.08842       1.19943
    March          15      2012    226.12045       1.19960
    March          16      2012    226.15248       1.19977
    March          17      2012    226.18452       1.19994
    March          18      2012    226.21655       1.20011
    March          19      2012    226.24858       1.20028
    March          20      2012    226.28061       1.20045
    March          21      2012    226.31265       1.20062
    March          22      2012    226.34468       1.20079
    March          23      2012    226.37671       1.20096
    March          24      2012    226.40874       1.20113
    March          25      2012    226.44077       1.20130
    March          26      2012    226.47281       1.20147
    March          27      2012    226.50484       1.20164
    March          28      2012    226.53687       1.20181
    March          29      2012    226.56890       1.20198
    March          30      2012    226.60094       1.20215
    March          31      2012    226.63297       1.20232