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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 July 2011

    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:                     July 2011
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) March 2011                  223.467
    CPI-U (NSA) April 2011                  224.906
    CPI-U (NSA) May 2011                    225.964

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    July           1       2011    224.90600       1.19316
    July           2       2011    224.94013       1.19334
    July           3       2011    224.97426       1.19352
    July           4       2011    225.00839       1.19370
    July           5       2011    225.04252       1.19388
    July           6       2011    225.07665       1.19406
    July           7       2011    225.11077       1.19424
    July           8       2011    225.14490       1.19442
    July           9       2011    225.17903       1.19460
    July           10      2011    225.21316       1.19479
    July           11      2011    225.24729       1.19497
    July           12      2011    225.28142       1.19515
    July           13      2011    225.31555       1.19533
    July           14      2011    225.34968       1.19551
    July           15      2011    225.38381       1.19569
    July           16      2011    225.41794       1.19587
    July           17      2011    225.45206       1.19605
    July           18      2011    225.48619       1.19623
    July           19      2011    225.52032       1.19641
    July           20      2011    225.55445       1.19660
    July           21      2011    225.58858       1.19678
    July           22      2011    225.62271       1.19696
    July           23      2011    225.65684       1.19714
    July           24      2011    225.69097       1.19732
    July           25      2011    225.72510       1.19750
    July           26      2011    225.75923       1.19768
    July           27      2011    225.79335       1.19786
    July           28      2011    225.82748       1.19804
    July           29      2011    225.86161       1.19823
    July           30      2011    225.89574       1.19841
    July           31      2011    225.92987       1.19859