CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Feb. 28, 2026	May 31, 2025
Assets:
Cash and cash equivalents	$ 240,687	$ 134,712
Restricted cash	8,547	8,410
Total cash, cash equivalents and restricted cash	249,234	143,122
Investment securities:
Debt securities trading, at fair value	42,620	113,663
Equity securities, at fair value	10,228	11,252
Total investment securities, at fair value	52,848	124,915
Loans to members	38,749,882	37,079,978
Less: Allowance for credit losses	(35,712)	(40,615)
Loans to members, net	38,714,170	37,039,363
Accrued interest receivable	260,735	270,222
Other receivables	25,152	24,377
Fixed assets, net of accumulated depreciation of $96,788 and $91,211 as of February 28, 2026 and May 31, 2025, respectively	77,251	81,667
Derivative assets	418,984	555,855
Other assets	94,559	85,528
Total assets	39,892,933	38,325,049
Liabilities:
Accrued interest payable	298,444	294,917
Debt outstanding:
Short-term borrowings	5,100,828	5,091,416
Long-term debt	28,908,515	27,163,701
Subordinated deferrable debt	1,209,713	1,329,485
Members’ subordinated certificates:
Membership subordinated certificates	627,266	628,637
Loan and guarantee subordinated certificates	253,843	309,914
Member capital securities	246,797	246,163
Total members’ subordinated certificates	1,127,906	1,184,714
Total debt outstanding	36,346,962	34,769,316
Deferred income	30,795	31,596
Derivative liabilities	48,156	51,368
Other liabilities	71,847	74,386
Total liabilities	36,796,204	35,221,583
CFC equity:
Retained equity	3,077,746	3,084,713
Accumulated other comprehensive loss	(2,231)	(2,236)
Total CFC equity	3,075,515	3,082,477
Noncontrolling interests	21,214	20,989
Total equity	3,096,729	3,103,466
Total liabilities and equity	$ 39,892,933	$ 38,325,049