Treasury Calls 11–3/4 Percent Bonds of 2009-14

FOR IMMEDIATE RELEASE

July 15, 2009

The Treasury today announced the call for redemption at par on November 15, 2009, of the 11-3/4% Treasury Bonds of 2009-14, originally issued November 15, 1984, due November 15, 2014 (CUSIP No. 912810 DN 5). There are $5,015 million of these bonds outstanding, of which $3,820 million are held by private investors. Securities not redeemed on November 15, 2009, will stop earning interest.

These bonds are being called to reduce the cost of debt financing. The 11-3/4% interest rate is significantly above the current cost of securing financing for the five years remaining to their maturity. Using current market projections, Treasury estimates gross savings from the call to be about $2,000 million.

Payment will be made automatically by the Treasury for bonds in book-entry form, whether held on the books of the Federal Reserve Banks or in TreasuryDirect accounts. Bonds held in registered form should be mailed directly to the Bureau of the Public Debt, Definitives Section, Customer Service Branch 3, P.O. Box 426, Parkersburg, WV 26106-0426. For more information concerning called registered bonds, you may contact the Definitives Section at (304) 480-7711.