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

Ref CPI and Index Ratios for January 2012

    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:                     January 2012
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) September 2011              226.889
    CPI-U (NSA) October 2011                226.421
    CPI-U (NSA) November 2011               226.230

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    January        1       2012    226.42100       1.12276
    January        2       2012    226.41484       1.12273
    January        3       2012    226.40868       1.12270
    January        4       2012    226.40252       1.12267
    January        5       2012    226.39635       1.12264
    January        6       2012    226.39019       1.12261
    January        7       2012    226.38403       1.12258
    January        8       2012    226.37787       1.12255
    January        9       2012    226.37171       1.12252
    January        10      2012    226.36555       1.12249
    January        11      2012    226.35939       1.12246
    January        12      2012    226.35323       1.12242
    January        13      2012    226.34706       1.12239
    January        14      2012    226.34090       1.12236
    January        15      2012    226.33474       1.12233
    January        16      2012    226.32858       1.12230
    January        17      2012    226.32242       1.12227
    January        18      2012    226.31626       1.12224
    January        19      2012    226.31010       1.12221
    January        20      2012    226.30394       1.12218
    January        21      2012    226.29777       1.12215
    January        22      2012    226.29161       1.12212
    January        23      2012    226.28545       1.12209
    January        24      2012    226.27929       1.12206
    January        25      2012    226.27313       1.12203
    January        26      2012    226.26697       1.12200
    January        27      2012    226.26081       1.12197
    January        28      2012    226.25465       1.12194
    January        29      2012    226.24848       1.12191
    January        30      2012    226.24232       1.12187
    January        31      2012    226.23616       1.12184