CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2026	May 31, 2025
Assets:
Cash and cash equivalents	$ 248,819	$ 134,712
Restricted cash	8,599	8,410
Total cash, cash equivalents and restricted cash	257,418	143,122
Investment securities:
Debt securities trading, at fair value	31,144	113,663
Equity securities, at fair value	11,021	11,252
Total investment securities, at fair value	42,165	124,915
Loans to members	38,422,128	37,079,978
Less: Allowance for credit losses	(29,947)	(40,615)
Loans to members, net	38,392,181	37,039,363
Accrued interest receivable	264,952	270,222
Other receivables	26,679	24,377
Fixed assets, net	75,619	81,667
Derivative assets	554,116	555,855
Other assets	91,217	85,528
Total assets	39,704,347	38,325,049
Liabilities:
Accrued interest payable	308,506	294,917
Debt outstanding:
Short-term borrowings	5,159,771	5,091,416
Long-term debt	28,345,934	27,163,701
Subordinated deferrable debt	1,310,282	1,329,485
Members’ subordinated certificates:
Membership subordinated certificates	627,272	628,637
Loan and guarantee subordinated certificates	253,671	309,914
Member capital securities	247,297	246,163
Total members’ subordinated certificates	1,128,240	1,184,714
Total debt outstanding	35,944,227	34,769,316
Deferred income	29,948	31,596
Derivative liabilities	31,414	51,368
Other liabilities	78,116	74,386
Total liabilities	36,392,211	35,221,583
CFC equity:
Retained equity	3,292,893	3,084,713
Accumulated other comprehensive loss	(2,369)	(2,236)
Total CFC equity	3,290,524	3,082,477
Noncontrolling interests	21,612	20,989
Total equity	3,312,136	3,103,466
Total liabilities and equity	$ 39,704,347	$ 38,325,049