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

Ref CPI and Index Ratios for January 2012

    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:                     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       1.22539
    January        2       2012    226.41484       1.22536
    January        3       2012    226.40868       1.22533
    January        4       2012    226.40252       1.22529
    January        5       2012    226.39635       1.22526
    January        6       2012    226.39019       1.22523
    January        7       2012    226.38403       1.22519
    January        8       2012    226.37787       1.22516
    January        9       2012    226.37171       1.22513
    January        10      2012    226.36555       1.22509
    January        11      2012    226.35939       1.22506
    January        12      2012    226.35323       1.22503
    January        13      2012    226.34706       1.22499
    January        14      2012    226.34090       1.22496
    January        15      2012    226.33474       1.22493
    January        16      2012    226.32858       1.22489
    January        17      2012    226.32242       1.22486
    January        18      2012    226.31626       1.22483
    January        19      2012    226.31010       1.22479
    January        20      2012    226.30394       1.22476
    January        21      2012    226.29777       1.22473
    January        22      2012    226.29161       1.22469
    January        23      2012    226.28545       1.22466
    January        24      2012    226.27929       1.22463
    January        25      2012    226.27313       1.22459
    January        26      2012    226.26697       1.22456
    January        27      2012    226.26081       1.22453
    January        28      2012    226.25465       1.22449
    January        29      2012    226.24848       1.22446
    January        30      2012    226.24232       1.22443
    January        31      2012    226.23616       1.22439