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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 August 2008

    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:                     August 2008
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) April 2008                  214.823
    CPI-U (NSA) May 2008                    216.632
    CPI-U (NSA) June 2008                   218.815

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    August         1       2008    216.63200       1.14926
    August         2       2008    216.70242       1.14963
    August         3       2008    216.77284       1.15001
    August         4       2008    216.84326       1.15038
    August         5       2008    216.91368       1.15076
    August         6       2008    216.98410       1.15113
    August         7       2008    217.05452       1.15150
    August         8       2008    217.12494       1.15188
    August         9       2008    217.19535       1.15225
    August         10      2008    217.26577       1.15262
    August         11      2008    217.33619       1.15300
    August         12      2008    217.40661       1.15337
    August         13      2008    217.47703       1.15374
    August         14      2008    217.54745       1.15412
    August         15      2008    217.61787       1.15449
    August         16      2008    217.68829       1.15486
    August         17      2008    217.75871       1.15524
    August         18      2008    217.82913       1.15561
    August         19      2008    217.89955       1.15599
    August         20      2008    217.96997       1.15636
    August         21      2008    218.04039       1.15673
    August         22      2008    218.11081       1.15711
    August         23      2008    218.18123       1.15748
    August         24      2008    218.25165       1.15785
    August         25      2008    218.32206       1.15823
    August         26      2008    218.39248       1.15860
    August         27      2008    218.46290       1.15897
    August         28      2008    218.53332       1.15935
    August         29      2008    218.60374       1.15972
    August         30      2008    218.67416       1.16009
    August         31      2008    218.74458       1.16047