CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Assets:
Cash and cash equivalents	$ 199,552	$ 198,936
Restricted cash	9,290	8,301
Total cash, cash equivalents and restricted cash	208,842	207,237
Investment securities:
Debt securities trading, at fair value	425,331	474,875
Equity securities, at fair value	36,780	35,494
Total investment securities, at fair value	462,111	510,369
Loans to members	33,096,646	32,532,086
Less: Allowance for credit losses	(54,926)	(53,094)
Loans to members, net	33,041,720	32,478,992
Accrued interest receivable	177,351	172,723
Other receivables	30,613	31,243
Fixed assets, net of accumulated depreciation of $78,626 and $77,508 as of August 31, 2023 and May 31, 2023, respectively	85,521	86,011
Derivative assets	615,866	460,762
Other assets	72,139	64,723
Total assets	34,694,163	34,012,060
Liabilities:
Accrued interest payable	274,554	212,340
Debt outstanding:
Short-term borrowings	5,124,335	4,546,275
Long-term debt	23,874,274	23,946,548
Subordinated deferrable debt	1,184,197	1,283,436
Members’ subordinated certificates:
Membership subordinated certificates	628,614	628,614
Loan and guarantee subordinated certificates	347,249	348,349
Member capital securities	246,163	246,163
Total members’ subordinated certificates	1,222,026	1,223,126
Total debt outstanding	31,404,832	30,999,385
Patronage capital retirement payable	69,053	0
Deferred income	37,099	38,601
Derivative liabilities	108,239	115,074
Other liabilities	52,459	57,411
Total liabilities	31,946,236	31,422,811
CFC equity:
Retained equity	2,709,144	2,553,716
Accumulated other comprehensive income	8,241	8,343
Total CFC equity	2,717,385	2,562,059
Noncontrolling interests	30,542	27,190
Total equity	2,747,927	2,589,249
Total liabilities and equity	$ 34,694,163	$ 34,012,060