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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 2014

    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 2014
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) November 2013               233.069
    CPI-U (NSA) December 2013               233.049
    CPI-U (NSA) January 2014                233.916

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    March          1       2014    233.04900       1.23636
    March          2       2014    233.07697       1.23650
    March          3       2014    233.10494       1.23665
    March          4       2014    233.13290       1.23680
    March          5       2014    233.16087       1.23695
    March          6       2014    233.18884       1.23710
    March          7       2014    233.21681       1.23725
    March          8       2014    233.24477       1.23739
    March          9       2014    233.27274       1.23754
    March          10      2014    233.30071       1.23769
    March          11      2014    233.32868       1.23784
    March          12      2014    233.35665       1.23799
    March          13      2014    233.38461       1.23814
    March          14      2014    233.41258       1.23828
    March          15      2014    233.44055       1.23843
    March          16      2014    233.46852       1.23858
    March          17      2014    233.49648       1.23873
    March          18      2014    233.52445       1.23888
    March          19      2014    233.55242       1.23903
    March          20      2014    233.58039       1.23917
    March          21      2014    233.60835       1.23932
    March          22      2014    233.63632       1.23947
    March          23      2014    233.66429       1.23962
    March          24      2014    233.69226       1.23977
    March          25      2014    233.72023       1.23992
    March          26      2014    233.74819       1.24006
    March          27      2014    233.77616       1.24021
    March          28      2014    233.80413       1.24036
    March          29      2014    233.83210       1.24051
    March          30      2014    233.86006       1.24066
    March          31      2014    233.88803       1.24081