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Treasury Calls 10-3/8 Percent Bonds Of 2007-12


July 13, 2007

Contact: Stephen Meyerhardt

(202) 504-3792

The Treasury today announced the call for redemption at par on November 15, 2007, of the 10-3/8 % Treasury Bonds of 2007-12, originally issued November 15, 1982, due November 15, 2012 (CUSIP No. 912810 DB 1). There are $10,126 million of these bonds outstanding, of which $7,614 million are held by private investors. Securities not redeemed on November 15, 2007 will stop earning interest.

These bonds are being called to reduce the cost of debt financing. The 10-3/8% 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 interest savings from the call and refinancing 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.