Short-Term Borrowings (Tables)

9 Months Ended

Feb. 28, 2026

Debt Disclosure [Abstract]

Schedule of Short-term Debt

The following table provides information on our short-term borrowings as of February 28, 2026 and May 31, 2025.

Table 6.1: Short-Term Borrowings Sources

	February 28, 2026				May 31, 2025
(Dollars in thousands)	Amount		% of Total Debt Outstanding		Amount		% of Total Debt Outstanding
Short-term borrowings:
Commercial paper:
Commercial paper sold through dealers, net of discounts	$	2,192,686	6	%	$	2,206,451	7	%
Commercial paper sold directly to members, at par	945,435		3		785,608		2
Total commercial paper	3,138,121		9		2,992,059		9
Select notes to members	1,301,078		3		1,304,240		4
Daily liquidity fund notes to members	294,776		1		343,916		1
Medium-term notes sold to members	366,853		1		451,201		1
Total short-term borrowings	$	5,100,828	14	%	$	5,091,416	15	%

Schedule of Total Available and Outstanding Letters of Credit Under the Revolving Credit Agreements

The following table presents the amount available for access under our bank revolving line of credit agreements as of February 28, 2026.

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

	February 28, 2026
(Dollars in millions)	Total Commitment		Letters of Credit Outstanding		Available Amount		Maturity	Annual Facility Fee(1)
Bank revolving agreements:
3-year agreement	$	50	$	—	$	50	November 28, 2027	7.5 bps
3-year agreement	1,695		—		1,695		November 28, 2028	7.5 bps
Total 3-year agreement	1,745		—		1,745
4-year agreement	1,755		7		1,748		November 28, 2029	10.0 bps
Total	$	3,500	$	7	$	3,493

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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.