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Fair Value Measurement - Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Aug. 31, 2023
May 31, 2023
Aug. 31, 2022
Assets:      
Cash and cash equivalents $ 199,552 $ 198,936  
Cash and cash equivalents 199,552 198,936  
Restricted cash 9,290 8,301  
Equity securities, at fair value 36,780 35,494  
Debt securities trading, at fair value 425,331 474,875  
Deferred compensation investments 7,162 6,660  
Loans to members, net 33,041,720 32,478,992 $ 30,616,275
Loans to members, net 29,309,889 29,308,647  
Accrued interest receivable 177,351 172,723  
Accrued interest receivable 177,351 172,723  
Derivative assets 615,866 460,762  
Total financial assets 34,513,052 33,836,743  
Total financial assets 30,781,221 30,666,398  
Liabilities:      
Short-term borrowings 5,124,335 4,546,275  
Short-term borrowings 5,125,706 4,547,333  
Long-term debt 23,874,274 23,946,548  
Long-term debt 22,148,726 22,665,551  
Accrued interest payable 274,554 212,340  
Guarantee liability 13,552 12,973  
Guarantee liability 13,088 12,475  
Derivative liabilities 108,239 115,074  
Subordinated deferrable debt 1,184,197 1,283,436  
Subordinated deferrable debt 1,172,990 1,261,141  
Members’ subordinated certificates 1,222,026 1,223,126  
Members’ subordinated certificates 1,222,026 1,223,126  
Total financial liabilities 31,801,177 31,339,772  
Total financial liabilities 30,065,329 30,037,040  
Level 1      
Assets:      
Cash and cash equivalents 199,552 198,936  
Restricted cash 9,290 8,301  
Equity securities, at fair value 36,780 35,494  
Debt securities trading, at fair value 0 0  
Deferred compensation investments 7,162 6,660  
Loans to members, net 0 0  
Accrued interest receivable 0 0  
Derivative assets 0 0  
Total financial assets 252,784 249,391  
Liabilities:      
Short-term borrowings 0 0  
Long-term debt 0 0  
Accrued interest payable 0 0  
Guarantee liability 0 0  
Derivative liabilities 0 0  
Subordinated deferrable debt 241,771 240,831  
Members’ subordinated certificates 0 0  
Total financial liabilities 241,771 240,831  
Level 2      
Assets:      
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Equity securities, at fair value 0 0  
Debt securities trading, at fair value 425,331 474,875  
Deferred compensation investments 0 0  
Loans to members, net 0 0  
Accrued interest receivable 177,351 172,723  
Derivative assets 615,866 460,762  
Total financial assets 1,218,548 1,108,360  
Liabilities:      
Short-term borrowings 4,625,706 4,547,333  
Long-term debt 13,395,526 13,527,393  
Accrued interest payable 274,554 212,340  
Guarantee liability 0 0  
Derivative liabilities 108,239 115,074  
Subordinated deferrable debt 931,219 1,020,310  
Members’ subordinated certificates 0 0  
Total financial liabilities 19,335,244 19,422,450  
Level 3      
Assets:      
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Equity securities, at fair value 0 0  
Debt securities trading, at fair value 0 0  
Deferred compensation investments 0 0  
Loans to members, net 29,309,889 29,308,647  
Accrued interest receivable 0 0  
Derivative assets 0 0  
Total financial assets 29,309,889 29,308,647  
Liabilities:      
Short-term borrowings 500,000 0  
Long-term debt 8,753,200 9,138,158  
Accrued interest payable 0 0  
Guarantee liability 13,088 12,475  
Derivative liabilities 0 0  
Subordinated deferrable debt 0 0  
Members’ subordinated certificates 1,222,026 1,223,126  
Total financial liabilities $ 10,488,314 $ 10,373,759