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Guarantees - (Tables)
6 Months Ended
Nov. 30, 2019
Guarantees [Abstract]  
Summary of total guarantees by type of guarantee and member class
The following table summarizes total guarantees, by type of guarantee and by member class, as of November 30, 2019 and May 31, 2019.

(Dollars in thousands)
 
November 30, 2019
 
May 31, 2019
Total by type:
 
 
 
 
Long-term tax-exempt bonds(1)
 
$
308,750

 
$
312,190

Letters of credit(2)
 
339,241

 
379,001

Other guarantees
 
146,732

 
146,244

Total
 
$
794,723

 
$
837,435

 
 
 
 
 
Total by member class:
 
 
 
 
CFC:
 
 
 
 
Distribution
 
$
243,668

 
$
235,919

Power supply
 
533,168

 
586,717

Statewide and associate
 
5,296

 
4,708

CFC total
 
782,132

 
827,344

NCSC
 
12,591

 
8,517

RTFC
 

 
1,574

Total
 
$
794,723

 
$
837,435


____________________________ 
(1)Represents the outstanding principal amount of long-term fixed-rate and variable-rate guaranteed bonds.
(2)Reflects our maximum potential exposure for letters of credit.