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2-3/8% 20-YEAR TREASURY INFLATION-PROTECTED SECURITIES (TIPS) Due January 15, 2027

Ref CPI and Index Ratios for May 2011

    Contact: Office of Financing            202-504-3550
    DESCRIPTION:                            TIPS of January 2027
    CUSIP NUMBER:                           912810PS1
    DATED DATE:                             January 15, 2007
    ORIGINAL ISSUE DATE:                    January 31, 2007
    ADDITIONAL ISSUE DATE:                  July 31, 2007
    MATURITY DATE:                          January 15, 2027
    Ref CPI on DATED DATE:                  201.66452
    TABLE FOR MONTH OF:                     May 2011
    NUMBER OF DAYS IN MONTH:                31

    CPI-U (NSA) January 2011                220.223
    CPI-U (NSA) February 2011               221.309
    CPI-U (NSA) March 2011                  223.467

    Month   Calendar Day   Year    Ref CPI      Index Ratio

    May            1       2011    221.30900       1.09741
    May            2       2011    221.37861       1.09776
    May            3       2011    221.44823       1.09810
    May            4       2011    221.51784       1.09845
    May            5       2011    221.58745       1.09879
    May            6       2011    221.65706       1.09914
    May            7       2011    221.72668       1.09948
    May            8       2011    221.79629       1.09983
    May            9       2011    221.86590       1.10017
    May            10      2011    221.93552       1.10052
    May            11      2011    222.00513       1.10086
    May            12      2011    222.07474       1.10121
    May            13      2011    222.14435       1.10155
    May            14      2011    222.21397       1.10190
    May            15      2011    222.28358       1.10224
    May            16      2011    222.35319       1.10259
    May            17      2011    222.42281       1.10293
    May            18      2011    222.49242       1.10328
    May            19      2011    222.56203       1.10363
    May            20      2011    222.63165       1.10397
    May            21      2011    222.70126       1.10432
    May            22      2011    222.77087       1.10466
    May            23      2011    222.84048       1.10501
    May            24      2011    222.91010       1.10535
    May            25      2011    222.97971       1.10570
    May            26      2011    223.04932       1.10604
    May            27      2011    223.11894       1.10639
    May            28      2011    223.18855       1.10673
    May            29      2011    223.25816       1.10708
    May            30      2011    223.32777       1.10742
    May            31      2011    223.39739       1.10777