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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 December 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:                     December 2011
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) August 2011                 226.545
    CPI-U (NSA) September 2011              226.889
    CPI-U (NSA) October 2011                226.421

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    December       1       2011    226.88900       1.20368
    December       2       2011    226.87390       1.20360
    December       3       2011    226.85881       1.20352
    December       4       2011    226.84371       1.20344
    December       5       2011    226.82861       1.20336
    December       6       2011    226.81352       1.20328
    December       7       2011    226.79842       1.20320
    December       8       2011    226.78332       1.20312
    December       9       2011    226.76823       1.20304
    December       10      2011    226.75313       1.20295
    December       11      2011    226.73803       1.20287
    December       12      2011    226.72294       1.20279
    December       13      2011    226.70784       1.20271
    December       14      2011    226.69274       1.20263
    December       15      2011    226.67765       1.20255
    December       16      2011    226.66255       1.20247
    December       17      2011    226.64745       1.20239
    December       18      2011    226.63235       1.20231
    December       19      2011    226.61726       1.20223
    December       20      2011    226.60216       1.20215
    December       21      2011    226.58706       1.20207
    December       22      2011    226.57197       1.20199
    December       23      2011    226.55687       1.20191
    December       24      2011    226.54177       1.20183
    December       25      2011    226.52668       1.20175
    December       26      2011    226.51158       1.20167
    December       27      2011    226.49648       1.20159
    December       28      2011    226.48139       1.20151
    December       29      2011    226.46629       1.20143
    December       30      2011    226.45119       1.20135
    December       31      2011    226.43610       1.20127