CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Feb. 29, 2016	May. 31, 2015
ASSETS
Cash and cash equivalents		$ 299,024	$ 248,836
Restricted cash		4,268	485
Time deposits		340,000	485,000
Investment securities available for sale, at fair value		85,061	84,472
Loans to members	[1]	23,144,099	21,469,017
Less: Allowance for loan losses		(37,918)	(33,690)
Loans to members, net		23,106,181	21,435,327
Accrued interest and other receivables		179,212	197,828
Fixed assets, net		110,597	110,540
Debt service reserve funds		17,151	25,602
Foreclosed assets, net		118,411	116,507
Derivative assets		104,535	115,276
Other assets		28,585	26,186
Total assets		24,393,025	22,846,059
LIABILITIES AND EQUITY
Accrued interest payable		185,758	123,697
Debt outstanding:
Short-term debt		3,309,020	3,127,754
Long-term debt		17,527,497	16,244,794
Subordinated deferrable debt		395,754	395,699
Members’ subordinated certificates:
Membership subordinated certificates		629,977	645,035
Loan and guarantee subordinated certificates		594,492	640,889
Member capital securities		220,046	219,496
Total members’ subordinated certificates		1,444,515	1,505,420
Total debt outstanding		22,676,786	21,273,667
Deferred income		65,548	75,579
Derivative liabilities		688,998	408,382
Other liabilities		59,439	52,948
Total liabilities		$ 23,676,529	$ 21,934,273
Commitments and contingencies
CFC equity:
Retained equity		$ 686,417	$ 880,242
Accumulated other comprehensive income		4,114	4,080
Total CFC equity		690,531	884,322
Noncontrolling interests		25,965	27,464
Total equity		716,496	911,786
Total liabilities and equity		$ 24,393,025	$ 22,846,059

[1] Includes nonperforming and restructured loans.