Short-Term Borrowings - (Tables)

9 Months Ended

Feb. 28, 2022

Debt Disclosure [Abstract]

Schedule of Short-term Debt

The following table provides comparative information on our short-term borrowings as of February 28, 2022 and May 31, 2021.

Table 6.1: Short-Term Borrowings Sources

	February 28, 2022			May 31, 2021
(Dollars in thousands)	Amount		% of Total Debt Outstanding	Amount		% of Total Debt Outstanding
Short-term borrowings:
Commercial paper:
Commercial paper dealers, net of discounts	$	1,105,200	4%	$	894,977	3%
Commercial paper members, at par	1,154,393		4	1,124,607		4
Total commercial paper	2,259,593		8	2,019,584		7
Select notes to members	1,402,238		5	1,539,150		6
Daily liquidity fund notes to members	350,402		1	460,556		2
Medium-term notes to members	415,824		2	362,691		1
Securities sold under repurchase agreements	—		—	200,115		1
Total short-term borrowings	$	4,428,057	16%	$	4,582,096	17%

Schedule of Line of Credit Facilities

The following table presents the amount available for access under our bank revolving line of credit agreements as of February 28, 2022.

Table 6.2: Committed Bank Revolving Line of Credit Agreements Available Amounts

	February 28, 2022
(Dollars in millions)	Total Commitment		Letters of Credit Outstanding		Available Amount		Maturity	Annual Facility Fee (1)
Bank revolving agreements:
3-year agreement	$	1,245	$	—	$	1,245	November 28, 2024	7.5 bps
5-year agreement	1,355		3		1,352		November 28, 2025	10 bps
Total	$	2,600	$	3	$	2,597

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(1) Facility fee determined by CFC’s senior unsecured credit ratings based on the pricing schedules put in place at the inception of the related agreement.