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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 July 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:                     July 2012
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2012                  229.392
    CPI-U (NSA) April 2012                  230.085
    CPI-U (NSA) May 2012                    229.815

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    July           1       2012    230.08500       1.22063
    July           2       2012    230.07629       1.22058
    July           3       2012    230.06758       1.22054
    July           4       2012    230.05887       1.22049
    July           5       2012    230.05016       1.22045
    July           6       2012    230.04145       1.22040
    July           7       2012    230.03274       1.22035
    July           8       2012    230.02403       1.22031
    July           9       2012    230.01532       1.22026
    July           10      2012    230.00661       1.22022
    July           11      2012    229.99790       1.22017
    July           12      2012    229.98919       1.22012
    July           13      2012    229.98048       1.22008
    July           14      2012    229.97177       1.22003
    July           15      2012    229.96306       1.21998
    July           16      2012    229.95435       1.21994
    July           17      2012    229.94565       1.21989
    July           18      2012    229.93694       1.21985
    July           19      2012    229.92823       1.21980
    July           20      2012    229.91952       1.21975
    July           21      2012    229.91081       1.21971
    July           22      2012    229.90210       1.21966
    July           23      2012    229.89339       1.21961
    July           24      2012    229.88468       1.21957
    July           25      2012    229.87597       1.21952
    July           26      2012    229.86726       1.21948
    July           27      2012    229.85855       1.21943
    July           28      2012    229.84984       1.21938
    July           29      2012    229.84113       1.21934
    July           30      2012    229.83242       1.21929
    July           31      2012    229.82371       1.21924