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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 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:                     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       1.14093
    July           2       2012    230.07629       1.14089
    July           3       2012    230.06758       1.14084
    July           4       2012    230.05887       1.14080
    July           5       2012    230.05016       1.14076
    July           6       2012    230.04145       1.14071
    July           7       2012    230.03274       1.14067
    July           8       2012    230.02403       1.14063
    July           9       2012    230.01532       1.14058
    July           10      2012    230.00661       1.14054
    July           11      2012    229.99790       1.14050
    July           12      2012    229.98919       1.14045
    July           13      2012    229.98048       1.14041
    July           14      2012    229.97177       1.14037
    July           15      2012    229.96306       1.14032
    July           16      2012    229.95435       1.14028
    July           17      2012    229.94565       1.14024
    July           18      2012    229.93694       1.14020
    July           19      2012    229.92823       1.14015
    July           20      2012    229.91952       1.14011
    July           21      2012    229.91081       1.14007
    July           22      2012    229.90210       1.14002
    July           23      2012    229.89339       1.13998
    July           24      2012    229.88468       1.13994
    July           25      2012    229.87597       1.13989
    July           26      2012    229.86726       1.13985
    July           27      2012    229.85855       1.13981
    July           28      2012    229.84984       1.13976
    July           29      2012    229.84113       1.13972
    July           30      2012    229.83242       1.13968
    July           31      2012    229.82371       1.13963