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Loans - (Tables)
 9 Months Ended
Feb. 28, 2022
Receivables [Abstract]  
Schedule of Loans Outstanding to Members and Unadvanced Commitments by Loan Type and by Member Class The following table presents loans to members, by member class and by loan type, as of February 28, 2022 and May 31, 2021.
Table 4.1: Loans to Members by Member Class and Loan Type
 February 28, 2022May 31, 2021
(Dollars in thousands)Amount% of TotalAmount% of Total
Member class:
CFC:
Distribution$23,225,751 79%$22,027,423 78%
Power supply4,992,073 175,154,312 18
Statewide and associate102,652 —106,121 —
Total CFC28,320,476 9627,287,856 96
NCSC730,147 2706,868 3
RTFC457,740 2420,383 1
Total loans outstanding(1)
29,508,363 10028,415,107 100
Deferred loan origination costs—CFC(2)
12,018 —11,854 —
Loans to members$29,520,381 100%$28,426,961 100%
Loan type:    
Long-term loans:
Fixed rate$26,452,342 90%$25,514,766 90%
Variable rate720,027 2658,579 2
Total long-term loans27,172,369 9226,173,345 92
Lines of credit2,335,994 82,241,762 8
Total loans outstanding(1)
29,508,363 10028,415,107 100
Deferred loan origination costs—CFC(2)
12,018 —11,854 —
Loans to members$29,520,381 100%$28,426,961 100%
____________________________
(1) Represents the unpaid principal balance, net of charge-offs and recoveries, of loans as of the end of each period.
(2) Deferred loan origination costs are recorded on the books of CFC.
Schedule of Past Due Financing Receivables The following table presents the payment status, by legal entity and member class, of loans outstanding as of February 28, 2022 and May 31, 2021.
Table 4.2: Payment Status of Loans Outstanding
 February 28, 2022
(Dollars in thousands)Current30-89 Days Past Due> 90 Days
Past Due 		Total
Past Due		Total Loans OutstandingNonaccrual Loans
Member class:
CFC:      
Distribution$23,225,751 $— $— $— $23,225,751$—
Power supply4,906,524— 85,549 85,549 4,992,073207,254
Statewide and associate102,652— — — 102,652— 
CFC total28,234,927— 85,549 85,549 28,320,476207,254
NCSC730,147— — — 730,147—
RTFC457,740— — — 457,740—
Total loans outstanding$29,422,814$— $85,549 $85,549 $29,508,363$207,254
Percentage of total loans99.71%— %0.29%0.29%100.00%0.70%
 May 31, 2021
(Dollars in thousands)Current30-89 Days Past Due> 90 Days
Past Due		Total
Past Due		Total Loans OutstandingNonaccrual Loans
Member class:
CFC:      
Distribution$22,027,423$— $— $— $22,027,423$—
Power supply5,069,3163,400 81,596 84,996 5,154,312228,312
Statewide and associate106,121— — — 106,121—
CFC total27,202,8603,400 81,596 84,996 27,287,856228,312
NCSC706,868— — — 706,868—
RTFC420,383— — — 420,3839,185
Total loans outstanding$28,330,111$3,400 $81,596 $84,996 $28,415,107$237,497
Percentage of total loans99.70%0.01 %0.29%0.30%100.00%0.84%
Schedule of Troubled Debt Restructured loans The following table presents the outstanding balance of modified loans accounted for as TDRs in prior periods and the performance status, by legal entity and member class, of these loans as of February 28, 2022 and May 31, 2021.
Table 4.3: Trouble Debt Restructurings
 February 28, 2022May 31, 2021
(Dollars in thousands)Number of Borrowers
Outstanding Amount (1)
% of Total Loans OutstandingNumber of Borrowers
Outstanding Amount (1)
% of Total Loans Outstanding
TDR loans:  
Member class:
CFC—Distribution1$5,092 0.02%1$5,379 0.02%
RTFC14,217 0.0114,592 0.02
Total TDR loans2$9,309 0.03%2$9,971 0.04%
Performance status of TDR loans:
Performing TDR loans2$9,309 0.03%2$9,971 0.04%
Total TDR loans2$9,309 0.03%2$9,971 0.04%
____________________________
(1) Represents the unpaid principal balance net of charge-offs and recoveries as of the end of each period.
Schedule of Nonperforming Loans The following table presents the outstanding balance of nonperforming loans, by legal entity and member class, as of February 28, 2022 and May 31, 2021. Loans classified as nonperforming are placed on nonaccrual status.
Table 4.4: Nonperforming Loans
 February 28, 2022May 31, 2021
(Dollars in thousands)Number of Borrowers
Outstanding Amount (1)
% of Total Loans OutstandingNumber of Borrowers
Outstanding Amount (1)
% of Total Loans Outstanding
Nonperforming loans:  
Member class:
CFC—Power supply(2)
2$207,254 0.70%2$228,312 0.81%
RTFC—— — 29,185 0.03
Total nonperforming loans2$207,254 0.70%4$237,497 0.84%
____________________________
(1) Represents the unpaid principal balance net of charge-offs and recoveries as of the end of each period.
(2) In addition, we had less than $1 million letters of credit outstanding to Brazos as of May 31, 2021.
Schedule of Loan Portfolio by Risk Rating Category and Member Class Based on Available Data
Table 4.5: Loans Outstanding by Borrower Risk Ratings and Origination Year
February 28, 2022
Term Loans by Fiscal Year of Origination
(Dollars in thousands)YTD Q3 20222021202020192018PriorRevolving LoansTotalMay 31, 2021
Pass
CFC:
Distribution$1,714,893 $1,715,341 $1,895,645 $1,201,281 $1,462,991 $13,521,337 $1,464,191 $22,975,679 $21,808,099 
Power supply329,172 562,604 191,205 416,879 246,684 2,680,286 329,600 4,756,430 4,517,408 
Statewide and associate
3,431 2,311 19,467 3,385 — 21,023 38,594 88,211 90,261 
CFC total2,047,496 2,280,256 2,106,317 1,621,545 1,709,675 16,222,646 1,832,385 27,820,320 26,415,768 
NCSC14,251 40,152 234,522 4,147 43,140 243,347 150,588 730,147 706,868 
RTFC54,051 91,294 46,323 10,567 23,504 186,958 40,826 453,523 406,606 
Total pass$2,115,798 $2,411,702 $2,387,162 $1,636,259 $1,776,319 $16,652,951 $2,023,799 $29,003,990 $27,529,242 
Special mention
CFC:
Distribution$— $4,917 $— $5,126 $937 $12,446 $226,646 $250,072 $219,324 
Power supply— — — — — 28,389 — 28,389 29,611 
Statewide and associate
— — — 5,000 3,892 5,549 — 14,441 15,860 
CFC total— 4,917 — 10,126 4,829 46,384 226,646 292,902 264,795 
RTFC— — — — — 4,217 — 4,217 4,592 
Total special mention$— $4,917 $— $10,126 $4,829 $50,601 $226,646 $297,119 $269,387 
Substandard
CFC:
Power supply$— $— $— $— $— $— $— $— $378,981 
Total substandard$— $— $— $— $— $— $— $— $378,981 
Doubtful
CFC:
Power supply$— $— $— $— $— $121,705 $85,549 $207,254 $228,312 
CFC total— — — — — 121,705 85,549 207,254 228,312 
RTFC— — — — — — — — 9,185 
Total doubtful$— $— $— $— $— $121,705 $85,549 $207,254 $237,497 
Total criticized loans$— $4,917 $— $10,126 $4,829 $172,306 $312,195 $504,373 $885,865 
Total loans outstanding$2,115,798 $2,416,619 $2,387,162 $1,646,385 $1,781,148 $16,825,257 $2,335,994 $29,508,363 $28,415,107 
Schedule of Unadvanced Commitments The following table presents unadvanced loan commitments, by member class and by loan type, as of February 28, 2022 and May 31, 2021.
Table 4.6: Unadvanced Commitments by Member Class and Loan Type
(Dollars in thousands)February 28, 2022May 31, 2021
Member class:
CFC:
Distribution$9,235,009 $9,387,070 
Power supply3,877,775 3,970,698 
Statewide and associate178,334 161,340 
Total CFC13,291,118 13,519,108 
NCSC547,100 551,125 
RTFC323,008 286,806 
Total unadvanced commitments$14,161,226 $14,357,039 
Loan type:(1)
  
Long-term loans:
Fixed rate$— $— 
Variable rate5,230,253 5,771,813 
Total long-term loans5,230,253 5,771,813 
Lines of credit8,930,973 8,585,226 
Total unadvanced commitments$14,161,226 $14,357,039 
____________________________
(1)The interest rate on unadvanced loan commitments is not set until an advance is made; therefore, all unadvanced long-term loan commitments are reported as variable rate. However, the borrower may select either a fixed or a variable rate when an advance is drawn under a loan commitment.
Schedule of Available Balance and Maturities of Lines of Credit
The following table displays, by loan type, the available balance under unadvanced loan commitments as of February 28, 2022, and the related maturities in each fiscal year during the five-year period ended May 31, 2026, and thereafter.

Table 4.7: Unadvanced Loan Commitments
 Available
Balance		Notional Maturities of Unadvanced Loan Commitments
(Dollars in thousands)20222023202420252026Thereafter
Line of credit loans$8,930,973 $347,506 $4,295,443 $1,166,547 $1,517,248 $413,289 $1,190,940 
Long-term loans5,230,253 40,921 693,487 1,477,311 802,059 1,059,431 1,157,044 
Total$14,161,226 $388,427 $4,988,930 $2,643,858 $2,319,307 $1,472,720 $2,347,984 
Schedule of Available Balance Under Committed Lines of Credit and the Related Maturities by Fiscal Year The following table summarizes the available balance under unconditional committed lines of credit as of February 28, 2022, and the related maturity amounts in each fiscal year during the five-year period ending May 31, 2026, and thereafter.
Table 4.8: Unconditional Committed Lines of Credit—Available Balance
 Available
Balance		Notional Maturities of Unconditional Committed Lines of Credit
(Dollars in thousands)20222023202420252026Thereafter
Committed lines of credit$3,192,262 $— $400,287 $510,982 $1,152,337 $246,949 $881,707 
Schedule of Loans Outstanding as Collateral Pledged to Secure the Entity's Collateral Trust Bonds, Clean Renewable Energy Bonds and Notes Payable to the Federal Agricultural Mortgage Corporation and the Amount of the Corresponding Debt Outstanding Table 4.9 displays the borrowing amount under each of our secured borrowing agreements and the corresponding loans outstanding pledged as collateral as of February 28, 2022 and May 31, 2021. See “Note 6—Short-Term Borrowings” and “Note 7—Long-Term Debt” for information on our secured borrowings and other borrowings.
Table 4.9: Pledged Loans
(Dollars in thousands)February 28, 2022May 31, 2021
Collateral trust bonds:  
2007 indenture:  
Collateral trust bonds outstanding$7,522,711 $7,422,711 
Pledged collateral:
Distribution system mortgage notes pledged8,673,974 8,400,293 
RUS-guaranteed loans qualifying as permitted investments pledged116,444 121,679 
Total pledged collateral8,790,418 8,521,972 
1994 indenture:  
Collateral trust bonds outstanding$25,000 $30,000 
Pledged collateral:
Distribution system mortgage notes pledged31,477 34,924 
Guaranteed Underwriter Program:
Notes payable outstanding$6,149,203 $6,269,303 
Pledged collateral:
Distribution and power supply system mortgage notes pledged6,982,334 7,150,240 
Farmer Mac:  
Notes payable outstanding$3,018,130 $2,977,909 
Pledged collateral:
Distribution and power supply system mortgage notes pledged3,486,457 3,440,307 
Clean Renewable Energy Bonds Series 2009A:  
Notes payable outstanding$2,755 $4,412 
Pledged collateral:
Distribution and power supply system mortgage notes pledged3,612 5,316 
Cash2 394 
Total pledged collateral3,614 5,710