CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Aug. 31, 2014		May 31, 2014
ASSETS
Cash and cash equivalents	$ 320,570		$ 338,715
Restricted cash	1,025		520
Investments	82,877		55,177
Time deposits	570,000		550,000
Loans to members	20,484,578	[1]	20,476,642	[1]
Less: Allowance for loan losses	(49,711)		(56,429)
Loans to members, net	20,434,867		20,420,213
Accrued interest and other receivables	196,536		200,656
Fixed assets, net	108,128		107,070
Debt service reserve funds	38,319		39,353
Debt issuance costs, net	40,963		42,058
Foreclosed assets, net	243,165		245,651
Derivative assets	165,563		209,759
Other assets	28,455		23,571
Total assets	22,230,468		22,232,743
LIABILITIES AND EQUITY
Short-term debt	4,173,390		4,099,331
Accrued interest payable	183,480		118,381
Long-term debt	14,382,775		14,513,284
Patronage capital retirement payable	39,662		0
Deferred income	79,534		78,040
Derivative liabilities	373,931		388,208
Subordinated deferrable debt	400,000		400,000
Members’ subordinated certificates:
Membership subordinated certificates	644,881		644,944
Loan and guarantee subordinated certificates	690,883		699,723
Member capital securities	247,570		267,560
Total members’ subordinated certificates	1,583,334		1,612,227
Other liabilities	60,882		52,898
Total liabilities	21,276,988		21,262,369
Commitments and contingencies
CFC equity:
Retained equity	920,324		939,888
Accumulated other comprehensive income	6,111		3,649
Total CFC equity	926,435		943,537
Noncontrolling interest	27,045		26,837
Total equity	953,480		970,374
Total liabilities and equity	$ 22,230,468		$ 22,232,743

[1] Includes nonperforming and restructured loans.