National Rural Utilities Cooper (NRUC) 10-Q 13 Apr 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Feb. 28, 2015
Document and Entity Information
Entity Registrant Name	NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
Entity Central Index Key	70502
Document Type	10-Q
Document Period End Date	28-Feb-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-26
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014
Income Statement [Abstract]
Interest income	$238,740	$238,732	$711,266	$719,057
Interest expense	-156,850	-163,534	-471,677	-496,464
Net interest income	81,890	75,198	239,589	222,593
Provision for loan losses	-2,304	-787	3,475	-3,161
Net interest income after provision for loan losses	79,586	74,411	243,064	219,432
Non-interest income:
Fee and other income	5,020	5,702	19,249	14,983
Derivative gains (losses), net	-98,770	-31,623	-223,209	43,981
Results of operations of foreclosed assets	-1,369	-1,164	-33,059	-8,482
Total non-interest income	-95,119	-27,085	-237,019	50,482
Non-interest expense:
Salaries and employee benefits	-10,949	-8,013	-32,274	-27,359
Other general and administrative expenses	-7,059	-9,170	-22,514	-27,012
Provision for guarantee liability	0	-117	80	-159
Gains (Losses) on Extinguishment of Debt	-703	-1,452	-703	-1,452
Other	-7	210	-30	-88
Total non-interest expense	-18,718	-18,542	-55,441	-56,070
Income (loss) before income taxes	-34,251	28,784	-49,396	213,844
Income tax (expense) benefit	55	-243	-100	-2,045
Net income (loss)	-34,196	28,541	-49,496	211,799
Less: Net (income) loss attributable to noncontrolling interests	217	-239	213	-3,024
Net income (loss) attributable to CFC	($33,979)	$28,302	($49,283)	$208,775

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	($34,196)	$28,541	($49,496)	$211,799
Other comprehensive income (loss):
Unrealized gains (losses) on available-for-sale investment securities	1,644	2,313	5,246	-2,931
Reclassification of derivative losses to net income	-239	-245	-722	-740
Defined benefit plan adjustments	-1,062	0	-1,062	0
Other comprehensive income (loss)	343	2,068	3,462	-3,671
Total comprehensive income (loss)	-33,853	30,609	-46,034	208,128
Less: Total comprehensive (income) loss attributable to noncontrolling interest	220	-235	221	-3,011
Total comprehensive income (loss) attributable to CFC	($33,633)	$30,374	($45,813)	$205,117

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Feb. 28, 2015		31-May-14
In Thousands, unless otherwise specified
ASSETS
Cash and cash equivalents	$298,771		$338,715
Restricted cash	35		520
Investments	85,423		55,177
Time deposits	385,000		550,000
Loans to members	21,212,092	[1]	20,476,642	[1]
Less: Allowance for loan losses	-53,114		-56,429
Loans to members, net	21,158,978		20,420,213
Accrued interest and other receivables	192,924		200,656
Fixed assets, net	109,642		107,070
Debt service reserve funds	25,602		39,353
Debt issuance costs, net	46,513		42,058
Foreclosed assets, net	207,154		245,651
Derivative assets	113,231		209,759
Other assets	25,648		23,571
Total assets	22,648,921		22,232,743
LIABILITIES AND EQUITY
Short-term debt	3,213,860		4,099,331
Long-term debt	15,861,011		14,513,284
Accrued interest payable	184,966		118,381
Deferred income	76,401		78,040
Derivative liabilities	451,938		388,208
Subordinated deferrable debt	400,000		400,000
Members’ subordinated certificates:
Membership subordinated certificates	644,881		644,944
Loan and guarantee subordinated certificates	662,151		699,723
Member capital securities	219,420		267,560
Total members’ subordinated certificates	1,526,452		1,612,227
Total debt outstanding	21,001,323		20,624,842
Other liabilities	49,789		52,898
Total liabilities	21,764,417		21,262,369
Commitments and contingencies
CFC equity:
Retained equity	850,305		939,888
Accumulated other comprehensive income	7,119		3,649
Total CFC equity	857,424		943,537
Noncontrolling interest	27,080		26,837
Total equity	884,504		970,374
Total liabilities and equity	$22,648,921		$22,232,743
[1]	Includes nonperforming and restructured loans.

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	Non-controlling Interests	Total CFC Equity	CFC Accumulated Other Comprehensive Income	CFC Retained Equity	Unallocated Net Income (Loss)	Members’ Capital Reserve	Patronage Capital Allocated	Membership Fees and Education Fund
In Thousands, unless otherwise specified
Balance at May. 31, 2013	$811,261	$11,790	$799,471	$8,381	$791,090	($213,255)	$410,259	$591,581	$2,505
Increase (Decrease) in Stockholders' Equity
Net income	211,799	3,024	208,775		208,775	208,775
Other comprehensive income (loss)	-3,671	-13	-3,658	-3,658
Patronage capital retirement	-40,724		-40,724		-40,724			-40,724
Other	11,625	12,146	-521		-521				-521
Balance at Feb. 28, 2014	990,290	26,947	963,343	4,723	958,620	-4,480	410,259	550,857	1,984
Balance at May. 31, 2014	970,374	26,837	943,537	3,649	939,888	-178,650	485,447	630,340	2,751
Increase (Decrease) in Stockholders' Equity
Net income	-49,496	-213	-49,283		-49,283	-49,283
Other comprehensive income (loss)	3,462	-8	3,470	3,470
Patronage capital retirement	-39,662		-39,662		-39,662			-39,662
Other	-174	464	-638		-638		1	-1	-638
Balance at Feb. 28, 2015	$884,504	$27,080	$857,424	$7,119	$850,305	($227,933)	$485,448	$590,677	$2,113

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	($49,496)	$211,799
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred income	-8,730	-7,156
Amortization of debt issuance costs and deferred charges	5,440	5,393
Amortization of discount on long-term debt	4,424	4,046
Amortization of issuance costs for revolving bank lines of credit	4,725	2,098
Depreciation	4,693	4,254
Provision for loan losses	-3,475	3,161
Provision for contingent guarantee liability	-80	159
Results of operations of foreclosed assets	33,059	8,482
Derivative forward value	159,832	-98,925
Changes in operating assets and liabilities:
Accrued interest and other receivables	3,137	-37,792
Accounts payable	-1,439	67,489
Accrued interest payable	66,585	58,140
Deferred income	7,091	61,109
Other	-3,005	-1,116
Net cash provided by operating activities	222,761	281,141
Cash flows from investing activities:
Advances on loans	-6,409,934	-6,165,888
Principal collections on loans	5,673,899	5,825,426
Net investment in fixed assets	-7,181	-6,004
Proceeds from foreclosed assets	13,088	0
Investments in foreclosed assets	-7,650	-2,160
Investments in time deposits	0	0
Proceeds from Time Deposits Accepted	165,000	0
Investments in equity securities	-25,000	0
Change in restricted cash	485	440
Net cash used in investing activities	-597,293	-348,186
Cash flows from financing activities:
Proceeds from issuances of short-term debt, net	-879,998	762,205
Proceeds from issuances of short-term debt with original maturity greater than 90 days	391,974	593,401
Repayments of short term-debt with original maturity greater than 90 days	-397,447	-620,404
Issuance costs for revolving bank lines of credit	-3,249	0
Proceeds from issuance of long-term debt	2,245,478	2,449,067
Payments for retirement of long-term debt	-912,614	-2,368,220
Issuance costs for subordinated debt	0	0
Proceeds from issuance of members’ subordinated certificates	74,657	56,386
Payments for retirement of members’ subordinated certificates	-145,015	-99,507
Payments for retirement of patronage capital	-39,198	-40,030
Net cash provided by financing activities	334,588	732,898
Net increase in cash and cash equivalents	-39,944	665,853
Beginning cash and cash equivalents	338,715	177,062
Ending cash and cash equivalents	298,771	842,915
Supplemental disclosure of cash flow information:
Cash paid for interest	390,503	426,755
Cash paid for income taxes	130	157
Non-cash financing and investing activities:
Subordinated certificates applied against loan balances	228	0
Net decrease in debt service reserve funds/debt service reserve certificates	($13,751)	($450)

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Feb. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies
	NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The Company
	National Rural Utilities Cooperative Finance Corporation (“CFC”) is a member-owned cooperative association incorporated under the laws of the District of Columbia in April 1969. CFC’s principal purpose is to provide its members with financing to supplement the loan programs of the Rural Utilities Service (“RUS”) of the United States Department of Agriculture (“USDA”). CFC makes loans to its rural electric members so they can acquire, construct and operate electric distribution, generation, transmission and related facilities. CFC also provides its members with credit enhancements in the form of letters of credit and guarantees of debt obligations. As a cooperative, CFC is owned by and exclusively serves its membership, which consists of not-for-profit entities or subsidiaries or affiliates of not-for-profit entities. CFC is exempt from federal income taxes.
	Principles of Consolidation and Basis of Presentation
	The accompanying financial statements include the consolidated accounts of CFC, Rural Telephone Finance Cooperative (“RTFC”) and National Cooperative Services Corporation (“NCSC”) and certain entities created and controlled by CFC to hold foreclosed assets and accommodate loan securitization transactions. The entities controlled by CFC that hold foreclosed assets include Caribbean Asset Holdings, LLC (“CAH”) and Denton Realty Partners, LP (“DRP”). CAH is a holding company for various U.S. Virgin Islands, British Virgin Islands and St. Maarten-based telecommunications operating entities that provide local, long-distance and wireless telephone, cable television and internet services to residential and commercial customers. DRP holds a land development loan and limited partnership interests in certain receivables related to a real estate development. Intercompany accounts and transactions have been eliminated in consolidation. Unless stated otherwise, references to “we,” “our” or “us” relate to CFC and its consolidated entities.
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair presentation of this interim financial information.
	These interim unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements, and related notes thereto, included in CFC's Annual Report on Form 10-K for the fiscal year ended May 31, 2014 (the “2014 Form 10-K”).
	Reclassifications
	Certain prior period amounts have been reclassified to conform to the current period presentation. The most significant reclassification relates to the presentation of short-term and long-term debt. Effective August 31, 2014, we began classifying debt as either short-term or long-term based on the original contractual maturity at issuance. For reporting periods prior to August 31, 2014, we reported long-term debt maturing within one year as part of our short-term debt. The debt reclassification had no impact on our debt ratios or financial covenants.
	Variable Interest Entities
	We are required to consolidate the financial results of RTFC and NCSC because CFC is the primary beneficiary of variable interests in RTFC and NCSC due to its exposure to absorbing the majority of their expected losses.
	Under separate guarantee agreements, RTFC and NCSC pay CFC a fee to indemnify them against loan losses. CFC is the sole lender to and manages the business operations of RTFC through a management agreement in effect until December 1, 2016, which is automatically renewed for one-year terms thereafter unless terminated by either party. CFC is the primary source of funding to, and manages the lending activities of, NCSC through a management agreement that is automatically renewable on an annual basis unless terminated by either party. NCSC funds its lending programs through loans from CFC or debt guaranteed by CFC. In connection with these guarantees, NCSC must pay a guarantee fee.
	RTFC and NCSC creditors have no recourse against CFC in the event of a default by RTFC and NCSC, unless there is a guarantee agreement under which CFC has guaranteed NCSC or RTFC debt obligations to a third party. As of February 28, 2015, CFC had guaranteed $94 million of NCSC debt, derivative instruments and guarantees with third parties, and CFC’s maximum potential exposure for these instruments totaled $100 million. The maturities for NCSC obligations guaranteed by CFC extend through 2031. Guarantees of NCSC debt and derivative instruments are not included in Note 10, Guarantees, as the debt and derivatives are reported on the condensed consolidated balance sheets. As of February 28, 2015, CFC guaranteed $2 million of RTFC guarantees with third parties. The maturities for RTFC obligations guaranteed by CFC extend through 2015 and are renewed on an annual basis. All CFC loans to RTFC and NCSC are secured by all assets and revenue of RTFC and NCSC, respectively. As of February 28, 2015, RTFC had total assets of $517 million including loans outstanding to members of $402 million, and NCSC had total assets of $757 million including loans outstanding of $715 million. As of February 28, 2015, CFC had committed to lend RTFC up to $4,000 million, of which $385 million was outstanding. As of February 28, 2015, CFC had committed to provide up to $3,000 million of credit to NCSC, of which $812 million was outstanding, representing $718 million of outstanding loans and $94 million of credit enhancements.
	Interest Income
	Interest income on loans is recognized using the effective interest method. The following table presents the components of interest income for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,				Nine Months Ended February 28,
	(Dollars in thousands)	2015		2014		2015		2014
	Interest on long-term fixed-rate loans	$	221,856	$	220,227	$	660,391	$	666,762
	Interest on long-term variable-rate loans	4,836		5,217		15,099		14,871
	Interest on line of credit loans	6,707		8,302		20,335		23,379
	Interest on restructured loans	—		—		10		136
	Interest on investments	2,395		1,932		6,516		5,685
	Fee income(1)	2,946		3,054		8,915		8,224
	Total interest income	$	238,740	$	238,732	$	711,266	$	719,057
	____________________________
	(1) Primarily related to conversion fees, which are deferred and recognized in interest income over the original loan interest rate pricing term using the effective interest method. Also includes a small portion of conversion fees that are intended to cover the administrative costs related to the conversion, which are recognized immediately.
	Deferred income on the condensed consolidated balance sheets primarily includes deferred conversion fees totaling $72 million and $73 million as of February 28, 2015 and May 31, 2014, respectively.
	Interest Expense
	The following table presents the components of interest expense for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,				Nine Months Ended February 28,
	(Dollars in thousands)	2015		2014		2015		2014
	Interest expense on debt:(1)
	Short-term debt	$	1,669	$	1,406	$	4,375	$	4,445
	Medium-term notes	17,196		20,369		50,937		62,920
	Collateral trust bonds	77,360		76,090		227,346		227,746
	Subordinated deferrable debt	4,750		4,750		14,250		14,250
	Subordinated certificates	15,281		19,777		48,177		60,897
	Long-term notes payable	36,933		37,130		112,190		113,828
	Debt issuance costs(2)	1,871		1,806		5,596		5,453
	Fee expense(3)	1,790		2,206		8,806		6,925
	Total interest expense	$	156,850	$	163,534	$	471,677	$	496,464
	____________________________
	(1) Represents interest expense and the amortization of discounts on debt.
	(2) Primarily consists of underwriter’s fees, legal fees, printing costs and certain accounting fees, which are deferred and recognized in interest expense using the effective interest method. Also includes issuance costs related to dealer commercial paper, which are recognized immediately as incurred.
	(3) Reflects various fees related to funding activities, including fees paid to banks participating in our revolving credit agreements. Amounts are recognized as incurred or amortized on a straight-line basis over the life of the agreement.
	We exclude indirect costs, if any, related to funding activities from interest expense.
	Employee Benefits
	We are a participant in the National Rural Electric Cooperative Association (“NRECA”) Retirement Security Plan, which is a qualified defined benefit multiemployer master pension plan. As a supplemental component of the NRECA Retirement Security Plan, we previously adopted a Pension Restoration Plan, the purpose of which is to restore retirement benefits for certain selected key management and highly compensated employees because their benefits under the NRECA Retirement Security Plan are limited in order to comply with plan compensation limits under the Economic Growth and Tax Relief Act of 2001. NRECA has restricted additional participation in the Pension Restoration Plan. We therefore adopted a top-hat Executive Benefit Restoration Plan, effective January 1, 2015. The Executive Benefit Restoration Plan is a nonqualified, unfunded plan maintained by CFC to provide retirement benefits to a select group of senior management employees whose compensation exceed IRS limits for qualified defined benefit plans. There is a risk of forfeiture if participants leave the company prior to becoming fully vested in the Executive Benefit Restoration Plan. At adoption of this plan on January 1, 2015, we recorded an unfunded pension obligation of $1 million and an offsetting adjustment to accumulated other comprehensive income (“AOCI”). The pension obligation is included on our consolidated balance sheet as a component of other liabilities.
	Recently Issued but Not Yet Adopted Accounting Standards
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers, which clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance, which does not apply to financial instruments, is effective for us beginning in the first quarter of fiscal year 2018. On April 1, 2015, the Financial Accounting Standards Board voted to propose to defer the effective date of the new revenue recognition standard by one year. We do not expect the new guidance to have a material impact on our financial condition, results of operations or liquidity, as CFC’s primary business and source of revenue is from lending.
	In February 2015, the Financial Accounting Standards Board issued Accounting Standards Update 2015-02, Amendments to the Consolidation Analysis, which is intended to improve upon and simplify the consolidation assessment required to evaluate whether organizations should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures. The new accounting guidance is effective for us beginning in the first quarter of fiscal year 2017. We do not expect the new guidance to have a material impact on our financial condition, results of operations or liquidity.
	In April 2015, the Financial Accounting Standards Board issued Accounting Standards Update 2015-03, Simplifying the Presentation of Debt Issuance Costs, which changes the presentation of debt issuance costs in the financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. The new accounting guidance is effective for us beginning in the first quarter of fiscal year 2017. We are currently evaluating the guidance to determine the impact on our balance sheet presentation.

Investment_Securities

Investment Securities	9 Months Ended
	Feb. 28, 2015
Investments [Abstract]
Investment Securities
	NOTE 2—INVESTMENT SECURITIES
	Our investment portfolio consists of preferred stock and common stock of Federal Agricultural Mortgage Corporation (“Farmer Mac”). These investments were classified as available for sale as of February 28, 2015 and May 31, 2014, and therefore recorded on our condensed consolidated balance sheets at fair value with any unrealized gains and losses recorded as a component of AOCI.
	The following tables present the amortized cost, gross unrealized gains and losses and fair value of our available-for-sale investment securities as of February 28, 2015 and May 31, 2014.
		28-Feb-15
	(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Farmer Mac—Series A Non-Cumulative Preferred Stock	$	30,000	$	564	$	—		$	30,564
	Farmer Mac—Series B Non-Cumulative Preferred Stock	25,000		1,450		—			26,450
	Farmer Mac—Series C Non-Cumulative Preferred Stock	25,000		1,290		—			26,290
	Farmer Mac—Class A Common Stock	538		1,581		—			2,119
	Total available-for-sale investment securities	$	80,538	$	4,885	$	—		$	85,423
		31-May-14
	(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Farmer Mac—Series A Non-Cumulative Preferred Stock	$	30,000	$	—	$	(2,220	)	$	27,780
	Farmer Mac—Series B Non-Cumulative Preferred Stock	25,000		500		—			25,500
	Farmer Mac—Class A Common Stock	538		1,359		—			1,897
	Total available-for-sale securities	$	55,538	$	1,859	$	(2,220	)	$	55,177
	We did not have any investment securities in an unrealized loss position as of February 28, 2015. The gross unrealized loss on our Farmer Mac—Series A Non-Cumulative Preferred Stock of $2 million as of May 31, 2014 was largely attributable to changes in interest rates. We do not intend to sell our investment securities in the foreseeable future and therefore expect to recover any declines in fair value resulting from changes in interest rates.

Loans_and_Commitments

Loans and Commitments	9 Months Ended
	Feb. 28, 2015
Loans and Leases Receivable Disclosure [Abstract]
Loans and Commitments
	NOTE 3—LOANS AND COMMITMENTS
	The outstanding principal balance of loans to members, unadvanced commitments and deferred loan origination costs, by loan type and member class, as of February 28, 2015 and May 31, 2014 are presented below.
			February 28, 2015								May 31, 2014
	(Dollars in thousands)		Loans				Unadvanced				Loans				Unadvanced
			Outstanding				Commitments (1)				Outstanding				Commitments (1)
	Loan type: (2)
	Long-term fixed-rate loans		$	19,134,858			$	—			$	18,175,656			$	—
	Long-term variable-rate loans		732,721				4,557,074				753,918				4,710,273
	Loans guaranteed by RUS		180,622				—				201,863				—
	Line of credit loans		1,154,198				9,345,935				1,335,488				9,201,805
	Total loans outstanding (3)		21,202,399				13,903,009				20,466,925				13,912,078
	Deferred loan origination costs		9,693				—				9,717				—
	Loans to members		$	21,212,092			$	13,903,009			$	20,476,642			$	13,912,078
	Member class:(2)
	CFC:
	Distribution		$	15,774,955			$	9,317,103			$	15,035,365			$	9,531,315
	Power supply		4,248,402				3,149,507				4,086,163				3,025,423
	Statewide and associate		61,790				129,550				67,902				105,961
	CFC total		20,085,147				12,596,160				19,189,430				12,662,699
	RTFC		401,763				291,600				449,546				304,500
	NCSC		715,489				1,015,249				827,949				944,879
	Total loans outstanding		$	21,202,399			$	13,903,009			$	20,466,925			$	13,912,078
	____________________________
	(1) The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.
	(2) Includes nonperforming and restructured loans.
	(3) Represents the unpaid principal balance excluding deferred loan origination costs.
	Unadvanced Loan Commitments
	A total of $2,786 million and $2,274 million of unadvanced commitments as of February 28, 2015 and May 31, 2014, respectively, represented unadvanced commitments related to committed lines of credit loans that are not subject to a material adverse change clause at the time of each loan advance. As such, we will be required to advance amounts on these committed facilities as long as the borrower is in compliance with the terms and conditions of the facility.
	The following table summarizes the available balance under committed lines of credit as of February 28, 2015 and the related maturities by fiscal year and thereafter as follows:
			Available		Notional Maturities of Unconditional Committed Lines of Credit
	(Dollars in thousands)		Balance		2015				2016		2017		2018		2019		Thereafter
	Committed lines of credit		$2,785,832		$	—			$74,654		$416,930		$796,526		$1,141,719		$356,003
	The remaining unadvanced commitments totaling $11,117 million and $11,638 million as of February 28, 2015 and May 31, 2014, respectively, were generally subject to material adverse change clauses. Prior to making an advance on these facilities, we confirm that there has been no material adverse change in the business or condition, financial or otherwise, of the borrower since the time the loan was approved and confirm that the borrower is currently in compliance with loan terms and conditions. In some cases, the borrower’s access to the full amount of the facility is further constrained by the designated purpose, imposition of borrower-specific restrictions or by additional conditions that must be met prior to advancing funds.
	Unadvanced commitments related to line of credit loans are typically for periods not to exceed five years and are generally revolving facilities used for working capital and backup liquidity purposes. Historically, we have experienced a very low utilization rate on line of credit loan facilities, whether or not there is a material adverse change clause. Since we generally do not charge a fee on the unadvanced portion of the majority of our loan facilities, our borrowers will typically request long-term facilities to cover maintenance and capital expenditure work plans for periods of up to five years and draw down on the facility over that time. In addition, borrowers will typically request an amount in excess of their immediate estimated loan requirements to avoid the expense related to seeking additional loan funding for unexpected items. These factors contribute to our expectation that the majority of the unadvanced commitments will expire without being fully drawn upon and that the total unadvanced amount does not necessarily represent future cash funding requirements.
	Loan Sales
	We account for the transfer of loans resulting from direct loan sales to third parties and securitization transactions by removing the loans from our condensed consolidated balance sheets when control has been surrendered. We retain the servicing performance obligations on these loans and recognize related servicing fees on an accrual basis over the period for which servicing activity is provided. Deferred transaction costs and unamortized deferred loan origination costs related to the loans sold are included in determining the gain or loss on the sale. We do not hold any continuing interest in the loans sold to date other than servicing performance obligations. We have no obligation to repurchase loans from the purchaser, except in the case of breaches of representations and warranties.
	During the nine months ended February 28, 2015 and 2014, we sold CFC loans with outstanding balances totaling $25 million and $106 million, respectively, at par for cash.
	Payment Status of Loans
	The tables below show an analysis of the age of the recorded investment in loans outstanding by member class as of February 28, 2015 and May 31, 2014.
			February 28, 2015
	(Dollars in thousands)		Current				30-89 Days Past Due				90 Days or More				Total				Total Financing			Nonaccrual Loans
											Past Due (1)				Past Due				Receivables
	CFC:
	Distribution		$	15,774,955			$	—			$	—			$	—			$	15,774,955		$	7,221
	Power supply		4,248,402				—				—				—				4,248,402			—
	Statewide and associate		61,790				—				—				—				61,790			—
	CFC total		20,085,147				—				—				—				20,085,147			7,221
	RTFC		401,471				99				193				292				401,763			1,349
	NCSC		715,489				—				—				—				715,489			308
	Total loans outstanding		$	21,202,107			$	99			$	193			$	292			$	21,202,399		$	8,878
	As a % of total loans		100		%		—		%		—		%		—		%		100		%	0.05		%
			May 31, 2014
	(Dollars in thousands)		Current				30-89 Days Past Due				90 Days or More				Total				Total Financing			Nonaccrual Loans
											Past Due (1)				Past Due				Receivables
	CFC:
	Distribution		$	15,035,365			$	—			$	—			$	—			$	15,035,365		$	7,584
	Power supply		4,086,163				—				—				—				4,086,163			—
	Statewide and associate		67,902				—				—				—				67,902			—
	CFC total		19,189,430				—				—				—				19,189,430			7,584
	RTFC		449,546				—				—				—				449,546			1,695
	NCSC		827,949				—				—				—				827,949			400
	Total loans outstanding		$	20,466,925			$	—			$	—			$	—			$	20,466,925		$	9,679
	As a % of total loans		100		%		—		%		—		%		—		%		100		%	0.05		%
____________________________
(1) All loans 90 days or more past due are on nonaccrual status.
Credit Quality
We monitor the credit quality and performance statistics of our financing receivables in an ongoing manner to provide a balance between the credit needs of our members and the requirements for sound credit quality of the loan portfolio. We evaluate the credit quality of our loans using an internal risk rating system that employs similar criteria for all member classes.
Our internal risk rating system is based on a determination of a borrower’s risk of default utilizing both quantitative and qualitative measurements.
We have grouped our risk ratings into the categories of pass and criticized based on the criteria below.
(i)   Pass:  Borrowers that are not experiencing difficulty and/or not showing a potential or well-defined credit weakness.
(ii) Criticized:  Includes borrowers categorized as special mention, substandard and doubtful as described below:
•	Special mention:  Borrowers that may be characterized by a potential credit weakness or deteriorating financial condition that is not sufficiently serious to warrant a classification of substandard or doubtful.
•	Substandard:  Borrowers that display a well-defined credit weakness that may jeopardize the full collection of principal and interest.
•	Doubtful:  Borrowers that have a well-defined weakness and the full collection of principal and interest is questionable or improbable.
Borrowers included in the pass, special mention, and substandard categories are generally reflected in the general portfolio of loans. Borrowers included in the doubtful category are reflected in the impaired portfolio of loans. Each risk rating is reassessed annually based on the receipt of the borrower’s audited financial statements; however, interim downgrades and upgrades may take place at any time as significant events or trends occur.
The following table presents our loan portfolio by risk rating category and member class based on available data as of February 28, 2015 and May 31, 2014.
		February 28, 2015												May 31, 2014
(Dollars in thousands)		Pass				Criticized				Total				Pass				Criticized			Total
CFC:
Distribution		$	15,743,532			$	31,423			$	15,774,955			$	15,018,642			$	16,723		$	15,035,365
Power supply		4,248,402				—				4,248,402				4,086,163				—			4,086,163
Statewide and associate		61,521				269				61,790				67,625				277			67,902
CFC total		20,053,455				31,692				20,085,147				19,172,430				17,000			19,189,430
RTFC		400,414				1,349				401,763				447,851				1,695			449,546
NCSC		713,509				1,980				715,489				825,736				2,213			827,949
Total loans outstanding		$	21,167,378			$	35,021			$	21,202,399			$	20,446,017			$	20,908		$	20,466,925
Loan Security
Except when providing line of credit loans, we typically lend to our members on a senior secured basis. Long-term loans are typically secured on parity with other secured lenders (primarily RUS), if any, by all assets and revenue of the borrower with exceptions typical in utility mortgages. Line of credit loans are generally unsecured. In addition to the lien and security interest we receive under the mortgage, our member borrowers are also required to achieve certain financial ratios as required by loan covenants.
The following tables summarize our secured and unsecured loans outstanding by loan type and by company as of February 28, 2015 and May 31, 2014.
		February 28, 2015
(Dollars in thousands)		Secured				%			Unsecured				%			Total
Loan type:
Long-term fixed-rate loans		$	18,080,960			94	%		$	1,053,898			6	%		$	19,134,858
Long-term variable-rate loans		663,655				91			69,066				9			732,721
Loans guaranteed by RUS		180,622				100			—				—			180,622
Line of credit loans		118,249				10			1,035,949				90			1,154,198
Total loans outstanding		$	19,043,486			90			$	2,158,913			10			$	21,202,399
Company:
CFC		$	18,243,074			91	%		$	1,842,073			9	%		$	20,085,147
RTFC		386,759				96			15,004				4			401,763
NCSC		413,653				58			301,836				42			715,489
Total loans outstanding		$	19,043,486			90			$	2,158,913			10			$	21,202,399
		31-May-14
(Dollars in thousands)		Secured				%			Unsecured				%			Total
Loan type:
Long-term fixed-rate loans		$	17,185,456			95	%		$	990,200			5	%		$	18,175,656
Long-term variable-rate loans		650,211				86			103,707				14			753,918
Loans guaranteed by RUS		201,863				100			—				—			201,863
Line of credit loans		311,103				23			1,024,385				77			1,335,488
Total loans outstanding		$	18,348,633			90			$	2,118,292			10			$	20,466,925
Company:
CFC		$	17,313,990			90	%		$	1,875,440			10	%		$	19,189,430
RTFC		429,626				96			19,920				4			449,546
NCSC		605,017				73			222,932				27			827,949
Total loans outstanding		$	18,348,633			90			$	2,118,292			10			$	20,466,925
Allowance for Loan Losses
We maintain an allowance for loan losses at a level estimated by management to provide for probable losses inherent in the loan portfolio as of each balance sheet date. The tables below summarize changes, by company, in the allowance for loan losses as of and for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28, 2015
(Dollars in thousands)		CFC				RTFC				NCSC				Total
Balance as of November 30, 2014		$	41,185			$	5,027			$	4,545			$	50,757
Provision for loan losses		2,366				(193		)		131				2,304
Recoveries		53				—				—				53
Balance as of February 28, 2015		$	43,604			$	4,834			$	4,676			$	53,114
		Three Months Ended February 28, 2014
(Dollars in thousands)		CFC				RTFC				NCSC				Total
Balance as of November 30, 2013		$	42,762			$	7,859			$	4,578			$	55,199
Provision for loan losses		1,543				(2,450		)		1,694				787
Recoveries		54				—				—				54
Balance as of February 28, 2014		$	44,359			$	5,409			$	6,272			$	56,040
		Nine Months Ended February 28, 2015
(Dollars in thousands)		CFC				RTFC				NCSC				Total
Balance as of May 31, 2014		$	45,600			$	4,282			$	6,547			$	56,429
Provision for loan losses		(2,156		)		552				(1,871		)		(3,475		)
Recoveries		160				—				—				160
Balance as of February 28, 2015		$	43,604			$	4,834			$	4,676			$	53,114
		Nine Months Ended February 28, 2014
(Dollars in thousands)		CFC				RTFC				NCSC				Total
Balance as of May 31, 2013		$	41,246			$	9,158			$	3,921			$	54,325
Provision for loan losses		2,953				(2,143		)		2,351				3,161
Charge-offs		—				(1,606		)		—				(1,606		)
Recoveries		160				—				—				160
Balance as of February 28, 2014		$	44,359			$	5,409			$	6,272			$	56,040
Our allowance for loan losses consists of a specific allowance for loans individually evaluated for impairment and a general allowance for loans collectively evaluated for impairment. The tables below present, by company, the components of our allowance for loan losses and the recorded investment of the related loans as of February 28, 2015 and May 31, 2014.
		February 28, 2015
(Dollars in thousands)		CFC				RTFC				NCSC				Total
Ending balance of the allowance:
Collectively evaluated		$	43,604			$	3,485			$	4,676			$	51,765
Individually evaluated		—				1,349				—				1,349
Total ending balance of the allowance		$	43,604			$	4,834			$	4,676			$	53,114
Recorded investment in loans:
Collectively evaluated		$	20,077,926			$	400,414			$	715,181			$	21,193,521
Individually evaluated		7,221				1,349				308				8,878
Total recorded investment in loans		$	20,085,147			$	401,763			$	715,489			$	21,202,399
Loans to members, net (1)		$	20,041,543			$	396,929			$	710,813			$	21,149,285
		May 31, 2014
(Dollars in thousands)		CFC				RTFC				NCSC				Total
Ending balance of the allowance:
Collectively evaluated		$	45,600			$	3,876			$	6,527			$	56,003
Individually evaluated		—				406				20				426
Total ending balance of the allowance		$	45,600			$	4,282			$	6,547			$	56,429
Recorded investment in loans:
Collectively evaluated		$	19,181,846			$	447,851			$	827,549			$	20,457,246
Individually evaluated		7,584				1,695				400				9,679
Total recorded investment in loans		$	19,189,430			$	449,546			$	827,949			$	20,466,925
Loans to members, net(1)		$	19,143,830			$	445,264			$	821,402			$	20,410,496
____________________________
(1) Excludes deferred origination costs of $10 million as of February 28, 2015 and May 31, 2014.
Impaired Loans
Our recorded investment in individually-impaired loans, which consists of the unpaid principal balance, and the related specific valuation allowance, by member class, as of February 28, 2015 and May 31, 2014 are summarized below.
		February 28, 2015								May 31, 2014
(Dollars in thousands)		Recorded				Related				Recorded				Related
		Investment				Allowance				Investment				Allowance
With no specific allowance recorded:
CFC/Distribution		$	7,221			$	—			$	7,584			$	—
NCSC		308				—				—				—
Total		7,529				—				7,584				—
With a specific allowance recorded:
NCSC		—				—				400				20
RTFC		1,349				1,349				1,695				406
Total		1,349				1,349				2,095				426
Total impaired loans		$	8,878			$	1,349			$	9,679			$	426
The table below represents the average recorded investment in impaired loans and the interest income recognized, by member class, for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,
		2015				2014				2015				2014
(Dollars in thousands)		Average Recorded Investment								Interest Income Recognized
CFC/Distribution		$	7,221			$	7,584			$	—			$	—
CFC/Power Supply		—				5,000				—				—
NCSC		312				454				—				—
RTFC		1,580				5,527				—				—
Total impaired loans		$	9,113			$	18,565			$	—			$	—
		Nine Months Ended February 28,
		2015				2014				2015				2014
(Dollars in thousands)		Average Recorded Investment								Interest Income Recognized
CFC/Distribution		$	7,342			$	11,939			$	—			$	136
CFC/Power Supply		—				5,000				—				—
NCSC		334				151				10				—
RTFC		1,656				7,735				—				—
Total impaired loans		$	9,332			$	24,825			$	10			$	136
Nonperforming and Restructured Loans
Nonperforming and restructured loans outstanding and unadvanced commitments to members are summarized as follows by loan type and by company as of February 28, 2015 and May 31, 2014.
		February 28, 2015								May 31, 2014
(Dollars in thousands)		Loans				Unadvanced				Loans				Unadvanced
		Outstanding				Commitments(1)				Outstanding				Commitments(1)
Nonperforming and restructured loans:
Nonperforming loans:
RTFC:
Long-term variable-rate loans		$	1,349			$	—			$	1,695			$	—
NCSC:
Line of credit loans		—				—				400				—
Total nonperforming loans		$	1,349			$	—			$	2,095			$	—
Restructured loans:
CFC:
Long-term fixed-rate loans		$	7,221			$	—			$	7,584			$	—
NCSC:
Line of credit loans		308				—				—				—
Total restructured loans		$	7,529			$	—			$	7,584			$	—
____________________________
(1) The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.
The following table shows foregone interest income as a result of holding loans on nonaccrual status for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,								Nine Months Ended February 28,
(Dollars in thousands)		2015				2014				2015				2014
Nonperforming loans		$	23			$	120			$	74			$	440
Restructured loans		132				122				396				367
Total		$	155			$	242			$	470			$	807
As of February 28, 2015 and May 31, 2014, nonperforming loans totaled $1 million, or 0.01%, of loans outstanding and $2 million, or 0.01%, of loans outstanding, respectively. One borrower in this group is currently seeking a buyer for its system, as it is not anticipated that it will have sufficient cash flow to repay its loans without the proceeds from the sale of the business. We currently anticipate that even with the sale of the business, there will not be sufficient funds to repay the full amount owed to us. We have approval rights with respect to the sale of this company.
As of February 28, 2015 and May 31, 2014, we had restructured loans totaling $8 million, or 0.04%, of loans outstanding, all of which were performing according to their restructured terms. Interest income recognized on restructured loans was less than $1 million during the three and nine months ended February 28, 2015, and also less than $1 million during the same prior-year periods.
We believe our allowance for loan losses was appropriate to cover the losses inherent in our loan portfolio as of February 28, 2015.
Pledging of Loans and Loans on Deposit
We are required to pledge eligible mortgage notes in an amount at least equal to the outstanding balance of our secured debt.
The following table summarizes our loans outstanding as collateral pledged to secure our collateral trust bonds, Clean Renewable Energy Bonds and notes payable to Farmer Mac and the amount of the corresponding debt outstanding (see “Note 5—Short-Term Debt and Credit Arrangements” and “Note 6—Long-Term Debt”) as of February 28, 2015 and May 31, 2014.
(Dollars in thousands)		February 28, 2015				May 31, 2014
Collateral trust bonds:
2007 indenture:
Distribution system mortgage notes		$	7,119,277			$	5,987,767
RUS guaranteed loans qualifying as permitted investments		157,866				161,372
Total pledged collateral		$	7,277,143			$	6,149,139
Collateral trust bonds outstanding		6,197,711				5,397,711
1994 indenture:
Distribution system mortgage notes		$	926,734			$	1,005,058
Collateral trust bonds outstanding		855,000				860,000
Farmer Mac:
Distribution and power supply system mortgage notes		$	2,214,073			$	1,907,607
Notes payable outstanding		1,919,912				1,667,505
Clean Renewable Energy Bonds Series 2009A:
Distribution and power supply system mortgage notes		$	19,794			$	21,398
Cash		35				520
Total pledged collateral		$	19,829			$	21,918
Notes payable outstanding		16,529				18,230
We are required to maintain collateral on deposit in an amount at least equal to the balance of debt outstanding to the Federal Financing Bank of the United States Treasury issued under the Guaranteed Underwriter Program of the USDA (the “Guaranteed Underwriter Program”). See “Note 5—Short-Term Debt and Credit Arrangements” and “Note 6—Long-Term Debt.”
The following table shows the collateral on deposit and the amount of the corresponding debt outstanding as of February 28, 2015 and May 31, 2014.
(Dollars in thousands)		February 28, 2015				May 31, 2014
Federal Financing Bank:
Distribution and power supply system mortgage notes on deposit		$	5,028,500			$	5,076,428
Notes payable outstanding		4,412,036				4,299,000

Foreclosed_Assets

Foreclosed Assets	9 Months Ended
	Feb. 28, 2015
Repossessed Assets [Abstract]
Foreclosed Assets
	NOTE 4—FORECLOSED ASSETS
	Assets received in satisfaction of loan receivables are initially recorded at fair value less estimated costs to sell when received and are subsequently periodically evaluated for impairment. These assets are reported on our condensed consolidated balance sheets as foreclosed assets. Our foreclosed assets are held through CAH and DRP, which are wholly-owned subsidiaries of CFC.
	Foreclosed Asset Activity
	Foreclosed asset activity as of and for the nine months ended February 28, 2015 is summarized below.
		Nine Months Ended February 28, 2015
	(Dollars in thousands)	CAH			DRP			Total
	Balance as of beginning of period	$	239,119		$	6,532		$	245,651
	Results of operations	(6,296		)	240			(6,056		)
	Impairment	(27,003		)	—			(27,003		)
	Results of operations of foreclosed assets	(33,299		)	240			(33,059		)
	Net cash investments	1,062			(6,500		)	(5,438		)
	Balance as of end of period	$	206,882		$	272		$	207,154
	CAH
	We recorded an initial investment in CAH of $254 million upon the completion of transfer of control of the U.S. Virgin Islands, British Virgin Islands and St. Maarten-based operating businesses of Innovative Communication Corporation (“ICC”) to CAH in October 2010 and March 2011.
	Our strategic plan since the transfer of the foreclosed assets of ICC to CAH has been to upgrade and sell the operating businesses of CAH. Since acquisition, we have made additional investments in CAH for capital expenditures to upgrade and modernize the hardware, software and network infrastructure of the existing operations in order to retain existing subscribers and attract new subscribers. Our carrying value of CAH was $239 million as of May 31, 2014, consisting of the initial recorded investment of $254 million, our subsequent net investments of $75 million, cumulative operating losses of $44 million and cumulative non-cash impairment charges of $46 million, including $1 million in fiscal year 2014 and $45 million in fiscal year 2012.
	Over the past few years, CAH has made substantial technology and infrastructure upgrades to enhance services and increase the customer base. During the quarter ending November 30, 2014, CAH encountered issues with certain elements of the construction of the new network and service delivery technology, which required remediation and delayed the acceptance testing of network upgrades and product enhancements. CAH has experienced less than expected subscriber growth, revenue growth and lower than anticipated customer migration rates to the new network and internet services. In addition, the economic recovery in the area has lagged improvements in the overall U.S. recovery and is slower than previously expected. After taking these multiple factors into consideration, we concluded that a triggering event had occurred requiring us to conduct an interim impairment test to evaluate certain CAH tangible and intangible assets for impairment and assess whether the estimated fair value of CAH was less than our carrying value. As a result of the aforementioned events, CAH cash flow forecasts utilized in the interim impairment test were lowered to reflect reduced revenues. To assess goodwill impairment, we estimated the fair value of CAH based on a market approach and an income approach (discounted cash flow method), both of which require significant judgment. In applying these approaches, we relied on a number of factors, including actual operating results, an updated cash flow forecast based on the developments during the quarter and future business plans, revised economic projections and market data. We also considered recent transaction activity and market multiples for the telecommunications industry.
	Based on the above analysis, we recognized impairment on certain identifiable intangible assets and goodwill of $27 million during the quarter ended November 30, 2014. The impairment charge is included in our condensed consolidated statements of operations as a component of results of operations of foreclosed assets. The decrease in CAH’s carrying value to $207 million as of February 28, 2015, from $239 million as of May 31, 2014 was attributable to the impairment charge recorded in the second quarter and the operating losses of $6 million recorded during the nine months ended February 28, 2015. The impairment charge contributed to a decrease in CAH’s total assets, which consisted primarily of property, plant and equipment and goodwill and other intangible assets, to $262 million as of February 28, 2015, from $295 million as of May 31, 2014. CAH had total liabilities of $241 million and $236 million as of February 28, 2015 and May 31, 2014, respectively, and net equity of $21 million and $59 million, respectively. CAH's total liabilities included loans and interest payable to CFC, which are eliminated in consolidation, of $185 million and $180 million as of February 28, 2015 and May 31, 2014, respectively.
	The program to update CAH’s network infrastructure is substantially complete, and customers are being actively transitioned to the new infrastructure enabling the company to market enhanced services. Our intent is to market and sell CAH, and an outside consultant has been retained to assist in the sales process. It is difficult to determine the level of interest from potential buyers and there is uncertainty as to whether, or when, a disposition transaction will be completed, or the amount of any sales proceeds that may be realized from such a transaction. It is also uncertain as to whether we will be able to sell all of the CAH operating businesses in a single transaction, or if the businesses will be sold to multiple buyers.
	DRP
	Our carrying value of DRP decreased to $272 thousand as of February 28, 2015, from $7 million as of May 31, 2014. The decrease was due to the sale of DRP’s interest in bond reimbursement receivables and real estate properties for which we received proceeds of approximately $6 million. Subsequent to February 28, 2015, DRP’s remaining assets were sold.

ShortTerm_Debt_and_Credit_Arra

Short-Term Debt and Credit Arrangements	9 Months Ended
	Feb. 28, 2015
Debt Disclosure [Abstract]
Short-Term Debt and Credit Arrangements
	NOTE 5—SHORT-TERM DEBT AND CREDIT ARRANGEMENTS
	The following is a summary of short-term debt outstanding as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	February 28, 2015			May 31, 2014
	Short-term debt:
	Commercial paper sold through dealers, net of discounts (1)	$	1,184,951		$	1,973,557
	Commercial paper sold directly to members, at par (1)(2)	778,909			858,389
	Select notes	569,405			548,610
	Daily liquidity fund notes	451,435			486,501
	Bank bid notes	—			20,000
	Medium-term notes sold to members	229,160			212,274
	Total short-term debt	$	3,213,860		$	4,099,331
	____________________________
	(1) Backup liquidity is provided by our revolving credit agreements.
	(2) Includes commercial paper sold directly to associates and affiliates.
	As indicated in “Note 1—Summary of Significant Accounting Policies,” effective August 31, 2014, we began classifying debt as either short-term or long-term based on the original contractual maturity at issuance. For reporting periods prior to August 31, 2014, we reported long-term debt maturing within one year as part of our short-term debt. The amount reclassified from short-term debt to long-term debt as of May 31, 2014 was $1,300 million.
	Revolving Credit Agreements
	As of February 28, 2015 and May 31, 2014, we had $3,420 million and $3,226 million, respectively, of commitments under revolving credit agreements. We had the ability to request up to $150 million of letters of credit under each agreement in place as of February 28, 2015, which would then reduce the amount available under the facility. The following table presents the total available and the outstanding letters of credit under our revolving credit agreements as of February 28, 2015 and May 31, 2014.
		Total Available					Letters of Credit Outstanding
	(Dollars in thousands)	February 28, 2015			May 31, 2014		February 28, 2015		May 31, 2014		Maturity	Annual Facility Fee (1)
	Three-year agreement	$	1,719,855		$	—	$	145	$	—	October 28, 2017	7.5 basis points
	Five-year agreement	1,698,109			—		1,891		—		October 28, 2019	10 basis points
	Three-year agreement	—			1,036,000		—		—		October 28, 2016	10 basis points
	Four-year agreement	—			1,122,500		—		—		October 28, 2017	10 basis points
	Five-year agreement	—			1,065,609		—		1,891		October 28, 2018	10 basis points
	Total	$	3,417,964		$	3,224,109	$	2,036	$	1,891
	____________________________
	(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.
	On October 28, 2014, we amended the $1,123 million four-year and $1,068 million five-year revolving credit agreements to increase the total aggregate amount of commitments under the four-year and five-year agreements to $1,720 million and $1,700 million, respectively, and to extend the commitment termination date for the five-year agreement to October 28, 2019. Also, on October 28, 2014, we terminated the existing $1,036 million three-year revolving credit agreement which was scheduled to mature on October 28, 2016.
	The following represents our required and actual financial ratios under the revolving credit agreements as of February 28, 2015 and May 31, 2014.
				Actual
		Requirement		February 28, 2015		May 31, 2014
	Minimum average adjusted TIER over the six most recent fiscal quarters(1)	1.025		1.25		1.28
	Minimum adjusted TIER for the most recent fiscal year (1) (2)	1.05		1.23		1.23
	Maximum ratio of adjusted senior debt to total equity (1)	10		5.92		5.79
	____________________________
	(1) In addition to the adjustments made to the leverage ratio set forth in “Item 7. MD&A—Non-GAAP Financial Measures,” senior debt excludes guarantees to member systems that have certain investment-grade ratings by Moody’s Investors Service (“Moody's”) and Standard & Poor’s Corporation (“S&P”). The TIER and debt-to-equity calculations include the adjustments set forth in “Item 7. MD&A—Non-GAAP Financial Measures” and exclude the results of operations and other comprehensive income for CAH.
	(2) We must meet this requirement to retire patronage capital.
	As of February 28, 2015 and May 31, 2014, we were in compliance with all covenants and conditions under our revolving credit agreements and there were no borrowings outstanding under these agreements.

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Feb. 28, 2015
Debt Instruments [Abstract]
Long-Term Debt
	NOTE 6—LONG-TERM DEBT
	The following is a summary of long-term debt outstanding as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	February 28, 2015			May 31, 2014
	Unsecured long-term debt:
	Medium-term notes sold through dealers	$	2,310,961		$	2,228,459
	Medium-term notes sold to members	389,956			285,988
	Subtotal medium-term notes	2,700,917			2,514,447
	Unamortized discount	(410		)	(418		)
	Total unsecured medium-term notes	2,700,507			2,514,029
	Guaranteed Underwriter Program notes payable	4,412,036			4,299,000
	Other unsecured notes payable	33,167			35,075
	Subtotal unsecured notes payable	4,445,203			4,334,075
	Unamortized discount	(660		)	(770		)
	Total unsecured notes payable	4,444,543			4,333,305
	Total unsecured long-term debt	7,145,050			6,847,334
	Secured long-term debt:
	Collateral trust bonds	7,052,711			6,257,711
	Unamortized discount	(273,191		)	(277,496		)
	Total collateral trust bonds	6,779,520			5,980,215
	Farmer Mac notes payable	1,919,912			1,667,505
	Other secured notes payable	16,529			18,230
	Total secured notes payable	1,936,441			1,685,735
	Total secured long-term debt	8,715,961			7,665,950
	Total long-term debt	$	15,861,011		$	14,513,284
	During the nine months ended February 28, 2015, we issued a total of $1,200 million collateral trust bonds with an average coupon of 2.43% and maturities ranging between 2019 and 2025. On December 1, 2014, we redeemed $400 million of 1.00% collateral trust bonds due February 2, 2015. The premium and unamortized issuance costs totaling $1 million were recorded as a loss on early extinguishment of debt during the third quarter of fiscal year 2015.
	As of February 28, 2015 and May 31, 2014, we had unsecured notes payable totaling $4,412 million and $4,299 million, respectively, outstanding under bond purchase agreements with the Federal Financing Bank (“FFB”) and a bond guarantee agreement with RUS issued under the Guaranteed Underwriter Program, which provides guarantees to the FFB. We pay RUS a fee of 30 basis points per year on the total amount borrowed. As of February 28, 2015, $4,412 million of unsecured notes payable outstanding under the Guaranteed Underwriter Program require us to place mortgage notes on deposit in an amount at least equal to the principal balance of the notes outstanding. See “Note 3—Loans and Commitments” for additional information on the mortgage notes held on deposit and the triggering events that result in these mortgage notes becoming pledged as collateral. On November 18, 2014, we closed on a commitment from RUS to guarantee a loan from the FFB for additional funding of $250 million as part of the Guaranteed Underwriter Program. As a result, we will have an additional $250 million available under FFB loan facilities with a 20-year maturity repayment period for advances made through October 15, 2017. During the quarter ended February 28, 2015, we borrowed $124 million under the Guaranteed Underwriter Program. As of February 28, 2015, we had up to $750 million available under committed loan facilities from the Federal Financing Bank as part of this program. We are required to maintain collateral on deposit in an amount at least equal to the balance of debt outstanding to the FFB under this program.
	As of February 28, 2015 and May 31, 2014, secured notes payable include $1,920 million and $1,668 million, respectively, in debt outstanding to Federal Agricultural Mortgage Corporation (“Farmer Mac”) under a note purchase agreement totaling $4,500 million and $3,900 million, respectively. On January 8, 2015, the commitment amount under the Farmer Mac note purchase agreement was increased by $600 million to $4,500 million, and the draw period was extended by four years to January 11, 2020. Under the terms of the note purchase agreement in place as of February 28, 2015, we could borrow up to $4,500 million at any time through January 11, 2020, and thereafter automatically extend the agreement on each anniversary date of the closing for an additional year, unless prior to any such anniversary date, Farmer Mac provided CFC with a notice that the draw period would not be extended beyond the remaining term. During the nine months ended February 28, 2015, we borrowed a total of $480 million under the note purchase agreement with the Farmer Mac.
	The agreement with Farmer Mac is a revolving credit facility that allows us to borrow, repay and re-borrow funds at any time through maturity or from time to time as market conditions permit, provided that the principal amount at any time outstanding under the note purchase agreement is not more than the total available under the agreement. We are required to pledge eligible distribution system or power supply system loans as collateral in an amount at least equal to the total principal amount of notes outstanding under the agreement. See “Note 3—Loans and Commitments” for additional information on the collateral pledged to secure notes payable under these programs.

Subordinated_Deferrable_Debt

Subordinated Deferrable Debt	9 Months Ended
	Feb. 28, 2015
Subordinated Debt [Abstract]
Subordinated Deferrable Debt
	NOTE 7—SUBORDINATED DEFERRABLE DEBT
	We had $400 million of 4.75% outstanding subordinated deferrable debt, due in 2043, as of both February 28, 2015 and May 31, 2014. Our outstanding subordinated deferrable debt is callable at par on or after April 30, 2023.

Derivative_Financial_Instrumen

Derivative Financial Instruments	9 Months Ended
	Feb. 28, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments
	NOTE 8—DERIVATIVE FINANCIAL INSTRUMENTS
	Use of Derivatives
	We are an end user of derivative financial instruments and do not engage in derivative trading. We use derivatives, primarily interest rate swaps and treasury rate locks, to manage interest rate risk. Derivatives may be privately negotiated contracts, which are often referred to as over-the-counter (“OTC”) derivatives, or they may be listed and traded on an exchange. We generally engage in OTC derivative transactions.
	Accounting for Derivatives
	In accordance with the accounting standards for derivatives and hedging activities, we record derivative instruments at fair value as either a derivative asset or derivative liability on our condensed consolidated balance sheets. We report derivative asset and liability amounts on a gross basis based on individual contracts, which does not take into consideration the effects of master netting agreements or collateral netting. Derivatives in a gain position are reported as derivative assets on our condensed consolidated balance sheets, while derivatives in a loss position are reported as derivative liabilities. Accrued interest related to derivatives is reported on our condensed consolidated balance sheets as a component of either accrued interest and other receivables or accrued interest payable.
	If we do not elect hedge accounting treatment, changes in the fair value of derivative instruments, which consist of periodic derivative cash settlements and derivative forward value amounts, are recognized in our consolidated statements of operations under derivative gains (losses), net. If we elect hedge accounting treatment for derivatives, we formally document, designate and assess the effectiveness of the hedge relationship. Changes in the fair value of derivatives designated as qualifying fair value hedges are recorded in earnings together with offsetting changes in the fair value of the hedged item and any related ineffectiveness. Changes in the fair value of derivatives designated as qualifying cash flow hedges are recorded as a component of other comprehensive income (“OCI”), to the extent that the hedge relationships are effective, and reclassified AOCI to earnings using the effective interest method over the term of the forecasted transaction. Any ineffectiveness in the hedging relationship is recognized as a component of derivative gains (losses), net in our consolidated statement of operations.
	We generally do not designate interest rate swaps, which represent the substantial majority of our derivatives, for hedge accounting. Accordingly, changes in the fair value of interest rate swaps are reported in our consolidated statements of operations under derivative gains (losses), net. Cash settlements related to interest rate swaps are classified as an operating activity in our consolidated statements of cash flows.
	We typically designate treasury rate locks as cash flow hedges of forecasted debt issuances. Accordingly, changes in the fair value of the derivative instruments are recorded as a component of OCI and reclassified to interest expense when the forecasted transaction occurs using the effective interest method. Any ineffectiveness in the hedging relationship is recognized as a component of derivative gains (losses), net in our consolidated statements of operations. We did not have any derivatives designated as accounting hedges as of February 28, 2015 or May 31, 2014.
	Outstanding Notional Amount of Derivatives
	The notional amount provides an indication of the volume of our derivatives activity, but this amount is not recorded on our condensed consolidated balance sheets. The notional amount is used only as the basis on which interest payments are determined and is not the amount exchanged. The following table shows the outstanding notional amounts and the weighted-average rate paid and received for our interest rate swaps, by type, as of February 28, 2015 and May 31, 2014. The substantial majority of our interest rate exchange agreements use an index based on the London Interbank Offered Rate (“LIBOR”) for either the pay or receive leg of the swap agreement.
		February 28, 2015									May 31, 2014
	(Dollars in thousands)	Notional			Weighted-			Weighted-			Notional				Weighted-			Weighted-
		Amount			Average			Average			Amount				Average			Average
					Rate Paid			Rate Received							Rate Paid			Rate Received
	Pay-fixed swaps	$	5,511,439		3.21	%		0.25	%		$	5,322,809			3.33	%		0.21	%
	Receive-fixed swaps	3,349,000			0.85			3.41			3,124,000				0.85			3.62
	Total interest rate swaps	$	8,860,439		2.32			1.44			$	8,446,809			2.41			1.48
	Impact of Derivatives on Condensed Consolidated Balance Sheets
	The following table displays the fair value of the derivative assets and derivative liabilities recorded on our condensed consolidated balance sheets and the related outstanding notional amount of our interest rate swaps as of February 28, 2015 and May 31, 2014.
		February 28, 2015							31-May-14
	(Dollars in thousands)	Fair Value			Notional Balance				Fair Value				Notional Balance
	Derivative assets	$	113,231		$	3,108,030			$	209,759			$	3,817,593
	Derivative liabilities	(451,938		)	5,752,409				(388,208		)		4,629,216
	Total	$	(338,707	)	$	8,860,439			$	(178,449	)		$	8,446,809
	All of our master swap agreements include legally enforceable netting provisions that allow for offsetting of all contracts with a given counterparty in the event of default by one of the two parties. However, as indicated above, we report derivative asset and liability amounts on a gross basis based on individual contracts. The following table presents the gross fair value of derivative assets and liabilities reported on our condensed consolidated balance sheets as of February 28, 2015 and May 31, 2014, and provides information on the impact of netting provisions and collateral pledged.
		February 28, 2015
		Gross Amounts			Gross Amounts				Net Amounts of Assets/ Liabilities				Gross Amounts
		of Recognized			Offset in the				Presented				Not Offset in the
		Assets/ Liabilities			Balance Sheet				in the				Balance Sheet
	(Dollars in thousands)								Balance Sheet				Financial				Cash			Net
													Instruments				Collateral			Amount
																	Pledged
	Derivative assets:
	Interest rate swaps	$	113,231		$	—			$	113,231			$	113,231			$	—		$	—
	Derivative liabilities:
	Interest rate swaps	451,938			—				451,938				113,231				—			338,707
		May 31, 2014
		Gross Amounts			Gross Amounts				Net Amounts of Assets/ Liabilities				Gross Amounts
		of Recognized			Offset in the				Presented				Not Offset in the
		Assets/ Liabilities			Balance Sheet				in the				Balance Sheet
	(Dollars in thousands)								Balance Sheet				Financial				Cash			Net
													Instruments				Collateral			Amount
																	Pledged
	Derivative assets:
	Interest rate swaps	$	209,759		$	—			$	209,759			$	169,700			$	—		$	40,059
	Derivative liabilities:
	Interest rate swaps	388,208			—				388,208				169,700				—			218,508
	Impact of Derivatives on Condensed Consolidated Statements of Operations
	Derivative gains (losses), net reported in our condensed consolidated statements of operations consist of derivative cash settlements and derivative forward value. Derivative cash settlements represent net contractual interest expense accruals on interest rate swaps during the period. The derivative forward value represents the change in fair value of our interest rate swaps during the reporting period due to changes in the estimate of future interest rates over the remaining life of our derivative contracts.
	The following table presents the components of the derivative gains (losses), net reported in our condensed consolidated statements of operations for our interest rate swaps for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,							Nine Months Ended February 28,
	(Dollars in thousands)	2015			2014				2015				2014
	Derivative cash settlements	$	(21,512	)	$	(18,788	)		$	(63,377	)		$	(54,944	)
	Derivative forward value	(77,258		)	(12,835		)		(159,832		)		98,925
	Derivative gains (losses), net	$	(98,770	)	$	(31,623	)		$	(223,209	)		$	43,981
	Impact of Derivative Rating Triggers
	The majority of our interest rate swap agreements have credit risk-related contingent features referred to as rating triggers. Under these rating triggers, if the credit rating for either counterparty falls to the level specified in the agreement, the other counterparty may, but is not obligated to, terminate the agreement.
	On December 12, 2014, S&P announced a downgrade on the senior secured debt of CFC from A+ to A based on the ratings criteria titled “Issue Credit Rating Methodology for Nonbank Financial Institutions and Nonbank Financial Service Companies,” published on December 9, 2014. Specifically, S&P applied the revised ratings criteria to rate CFC’s senior secured debt at the same level as CFC’s issuer credit rating. S&P also announced that it had changed CFC’s issuer credit rating outlook from “stable” to “negative” based on its revised ratings criteria titled “Nonbank Financial Institutions Rating Methodology,” published on December 9, 2014. This change only affected our senior secured debt credit rating; our corporate and short-term credit ratings remained unchanged. The change did not result in a rating trigger event under the provisions of our derivative transaction agreements. On November 24, 2014, Moody’s reaffirmed CFC’s existing senior secured debt, senior unsecured debt, subordinated debt and short-term credit ratings with a stable outlook. There have been no changes of CFC’s ratings by Moody’s since November 24, 2014. On January 20, 2015, S&P revised its outlook of CFC to “stable” from “negative.” Both Moody’s and S&P had our ratings on a stable outlook as of February 28, 2015.
	The table below displays the notional amounts of our derivative contracts with rating triggers as of February 28, 2015 and the payments that would be required if the contracts were terminated as of that date because of a downgrade of our unsecured credit ratings or the counterparty's unsecured credit ratings to or below Baa1/BBB+, Baa3/BBB- or Ba3/BB by Moody’s or S&P, respectively. In calculating the payment amounts that would be required upon termination of the derivative contracts, we assumed that the amounts for each counterparty would be netted in accordance with the provisions of the master netting agreements for each counterparty. The net payment amounts are based on the fair value of the underlying derivative instrument, excluding the credit risk valuation adjustment, plus any unpaid accrued interest amounts.
	(Dollars in thousands)	Notional			Payment				Payment Due to CFC				Net (Payable)
		Amount			Required by CFC								Due
	Impact of mutual rating downgrade trigger:
	falls below Baa1/BBB+	$	4,428,784		$	(213,122	)		$	—			$	(213,122	)
falls to Baa3/BBB-	1,796,722			(18,108		)		—				(18,108		)
falls below Baa3/BBB-	594,131			(22,509		)		—				(22,509		)
falls to or below Ba3/BB(1)	50,000			(425		)		—				(425		)
Total	$	6,869,637		$	(254,164	)		$	—			$	(254,164	)
(1) Rating trigger for counterparty falls to or below Ba3/BB, while rating trigger for CFC falls to or below Baa2/BBB by Moody’s or S&P, respectively.
The aggregate amount, including the credit risk valuation adjustment, of all interest rate swaps with rating triggers that were in a net liability position was $251 million as of February 28, 2015. There were no interest rate swaps with rating triggers that were in a net asset position as of February 28, 2015.

Equity

Equity	9 Months Ended
	Feb. 28, 2015
Stockholders' Equity Note [Abstract]
Equity
	NOTE 9—EQUITY
	In May 2014, the CFC Board of Directors authorized the allocation of $1 million of fiscal year 2014 net earnings to the Cooperative Educational Fund. In July 2014, the CFC Board of Directors authorized the allocation of the fiscal year 2014 net earnings as follows: $75 million to the members’ capital reserve and $79 million to members in the form of patronage. In July 2014, the CFC Board of Directors authorized the retirement of allocated net earnings totaling $40 million, representing 50% of the fiscal year 2014 allocation. This amount was returned to members in cash in September 2014. Future allocations and retirements of net earnings may be made annually as determined by the CFC Board of Directors with due regard for its financial condition. The CFC Board of Directors has the authority to change the current practice for allocating and retiring net earnings at any time, subject to applicable laws and regulations.

Guarantees

Guarantees	9 Months Ended
	Feb. 28, 2015
Guarantees [Abstract]
Guarantees
	NOTE 10—GUARANTEES
	The following table summarizes total guarantees by type of guarantee and member class as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	28-Feb-15			31-May-14
	Total by type:
	Long-term tax-exempt bonds	$	490,380		$	518,360
	Letters of credit	383,396			431,064
	Other guarantees	114,057			115,398
	Total	$	987,833		$	1,064,822
	Total by member class:
	CFC:
	Distribution	$	175,012		$	165,559
	Power supply	730,851			826,231
	Statewide and associate	17,021			5,397
	CFC total	922,884			997,187
	RTFC	2,465			2,304
	NCSC	62,484			65,331
	Total	$	987,833		$	1,064,822
	The maturities for the long-term tax-exempt bonds and the related guarantees run through calendar year 2042. Amounts in the table represent the outstanding principal amount of the guaranteed bonds. As of February 28, 2015, our maximum potential exposure for the $72 million of fixed-rate tax-exempt bonds is $102 million, representing principal and interest. Of the amounts shown in the table above for long-term tax-exempt bonds, $419 million and $445 million as of February 28, 2015 and May 31, 2014, respectively, are adjustable or floating-rate bonds that may be converted to a fixed rate as specified in the applicable indenture for each bond offering. We are unable to determine the maximum amount of interest that we could be required to pay related to the remaining adjustable and floating-rate bonds. Many of these bonds have a call provision that in the event of a default allow us to trigger the call provision. This would limit our exposure to future interest payments on these bonds. Our maximum potential exposure is secured by a mortgage lien on all of the system’s assets and future revenue. If the debt is accelerated because of a determination that the interest thereon is not tax-exempt, the system’s obligation to reimburse us for any guarantee payments will be treated as a long-term loan.
	The maturities for letters of credit run through calendar year 2024. The amounts shown in the table above represent our maximum potential exposure, of which $79 million is secured as of February 28, 2015. As of February 28, 2015 and May 31, 2014, the letters of credit include $76 million and $125 million, respectively, to provide the standby liquidity for adjustable and floating-rate tax-exempt bonds issued for the benefit of our members, respectively. Security provisions include a mortgage lien on substantially all of the system’s assets, future revenue and the system’s investment in our commercial paper.
	In addition to the letters of credit listed in the table, under master letter of credit facilities in place as of February 28, 2015, we may be required to issue up to an additional $106 million in letters of credit to third parties for the benefit of our members. As of February 28, 2015, all of our master letter of credit facilities were subject to material adverse change clauses at the time of issuance. Also, as of February 28, 2015 we had hybrid letter of credit facilities totaling $1,768 million that represent commitments that may be used for the issuance of letters of credit or line of credit loan advances, at the option of a borrower, and are included in unadvanced loan commitments for line of credit loans reported in “Note 3— Loans and Commitments.” Hybrid letter of credit facilities subject to material adverse change clauses at the time of issuance totaled $359 million as of February 28, 2015. Prior to issuing a letter of credit, we would confirm that there has been no material adverse change in the business or condition, financial or otherwise, of the borrower since the time the loan was approved and confirm that the borrower is currently in compliance with the letter of credit terms and conditions. The remaining commitment under hybrid letter of credit facilities of $1,409 million may be used for the issuance of letters of credit as long as the borrower is in compliance with the terms and conditions of the facility.
	The maturities for other guarantees listed in the table run through calendar year 2025. The maximum potential exposure for these other guarantees is $115 million, all of which is unsecured.
	As of February 28, 2015 and May 31, 2014, we had $419 million and $418 million of guarantees, respectively, representing 42% and 39%, respectively, of total guarantees, under which our right of recovery from our members was not secured.
	In addition to the guarantees described above, as of February 28, 2015, we were the liquidity provider for a total of $495 million of variable-rate tax-exempt bonds issued for our member cooperatives. While the bonds are in variable-rate mode, in return for a fee, we have unconditionally agreed to purchase bonds tendered or put for redemption if the remarketing agents are unable to sell such bonds to other investors. During the nine months ended February 28, 2015, we were not required to perform as liquidity provider pursuant to these obligations.
	Guarantee Liability
	As of February 28, 2015 and May 31, 2014, we recorded a guarantee liability of $22 million which represents the contingent and non-contingent exposures related to guarantees and liquidity obligations associated with our members’ debt. The contingent guarantee liability as of February 28, 2015 and May 31, 2014 was $3 million and $2 million, respectively, based on management’s estimate of exposure to losses within the guarantee portfolio. The remaining balance of the total guarantee liability of $19 million and $20 million as of February 28, 2015 and May 31, 2014, respectively, relates to our non-contingent obligation to stand ready to perform over the term of our guarantees and liquidity obligations that we have entered into or modified since January 1, 2003.
	Activity in the guarantee liability account is summarized below as of and for the nine months ended February 28, 2015.
	(Dollars in thousands)	Nine Months Ended February 28, 2015
	Beginning balance	$	22,091
	Net change in non-contingent liability	(36		)
	Provision for contingent guarantee liability	(80		)
	Ending balance	$	21,975
	Liability as a percentage of total guarantees	2.22		%

Fair_Value_Measurement

Fair Value Measurement	9 Months Ended
	Feb. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement
	NOTE 11—FAIR VALUE MEASUREMENTS
	Fair Value
	Assets and liabilities measured at fair value on either a recurring or non-recurring basis on the condensed consolidated balance sheets as of February 28, 2015 and May 31, 2014 consisted of investments in common and preferred stock, derivative instruments and nonperforming collateral-dependent loans.
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
	Assets and liabilities measured at fair value on a recurring basis as of November 30, 2014 and May 31, 2014 consisted of our derivative instruments, investments in common and preferred stock and deferred compensation investments. The following table presents our assets and liabilities that are measured at fair value on a recurring basis as of February 28, 2015 and May 31, 2014.
		February 28, 2015				May 31, 2014
	(Dollars in thousands)	Level 1		Level 2		Level 1		Level 2
	Derivative assets	$	—	$	113,231	$	—	$	209,759
	Derivative liabilities	—		451,938		—		388,208
	Investments in common and preferred stock	85,423		—		55,177		—
	Deferred compensation investments	4,247		—		4,156		—
	Derivative Instruments
	We account for derivative instruments in the condensed consolidated balance sheets as either an asset or liability measured at fair value. There is not an active secondary market for the types of interest rate swaps we use. Our process to estimate the fair value of our derivative instruments involves multiple steps including consideration of indicative quotes from counterparties and use of a discounted cash flow model. We obtain indicative quotes from the interest rate swap counterparties to estimate fair value on a quarterly basis. The indicative quotes are based on the expected future cash flow and the estimated yield curve.
	We perform an analysis to validate the indicative quotes obtained from our swap counterparties and investigate any significant differences. We adjust the market values received from the counterparties using credit default swap levels for us and the counterparties. The credit default swap levels represent the credit risk premium required by a market participant based on the available information related to us and the counterparty. We only enter into swap agreements with counterparties that are participating in our revolving lines of credit at the time the exchange agreements are executed. All of our swap agreements are subject to master netting agreements.
	Our valuation technique for interest rate swaps is based on discounted cash flows and we utilize observable inputs, which reflect market data. To calculate fair value, we determine the forward curve. The forward curve allows us to determine the projected floating rate cash flows and the discount factors needed to calculate the net present value of each interest payment. The significant observable inputs for our derivatives include spot LIBOR rates, Eurodollar futures contracts, and market swap rates.
	Fair values for our interest rate swaps are classified as a Level 2 valuation. We record the change in the fair value of our derivatives for each reporting period in the derivative gains (losses) line, included in non-interest income in the consolidated statements of operations, as currently none of our derivatives qualify for hedge accounting.
	Investments in Preferred and Common Stock
	Our investments in equity securities consist of investments in Farmer Mac Series A, Series B and Series C preferred stock and Class A common stock, which are recorded in the condensed consolidated balance sheets at fair value. We determine the fair value of these investments based on the quoted price on the stock exchange where the stock is traded. That stock exchange is an active market based on the volume of shares transacted. Fair values for these securities are classified as a Level 1 valuation. For the three and nine months ended February 28, 2015, we recorded an unrealized gain of $2 million and $5 million, respectively, in accumulated other comprehensive income, compared to an unrealized gain of $2 million and an unrealized loss of $3 million, respectively, for the same prior-year periods.
	Deferred Compensation Investments
	Deferred compensation investments are recorded in the condensed consolidated balance sheets in the other assets category at fair value. We calculate fair value based on the quoted price on the stock exchange where the funds are traded. That stock exchange is an active market based on the volume of shares transacted. The amounts are invested in highly liquid indices and mutual funds and are classified within Level 1 of the fair value hierarchy.
	Assets and Liabilities Measured at Fair Value on a Non-recurring Basis
	We may be required, from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with GAAP. Any adjustments to fair value usually result from application of lower-of-cost or fair value accounting or write-downs of individual assets. Assets measured at fair value on a non-recurring basis as of February 28, 2015 and May 31, 2014 consisted of certain nonperforming collateral-dependent loans. The fair value of these assets is determined based on the use of significant unobservable inputs, which are considered Level 3 in the fair value hierarchy.
	Nonperforming Collateral-Dependent Loans
	As of February 28, 2015 and May 31, 2014, we measured certain collateral-dependent nonperforming loans at fair value. We utilize the fair value of the collateral underlying the loan to determine the specific allowance for loan loss. In estimating the fair value of the collateral, we may use third-party valuation specialists, internal estimates or a combination of both. The valuation technique used to determine fair value of the nonperforming loans provided by both our internal staff and third-party specialists includes market multiples (i.e., comparable companies). The significant unobservable input used in the determination of fair value for the specific nonperforming loans is a multiple of earnings before interest, taxes, depreciation and amortization of 3.5x as of May 31, 2014. The material inputs used in estimating fair value by both internal staff and third-party specialists are Level 3 within the fair value hierarchy. In these instances, the valuation is considered to be a non-recurring item. The significant unobservable inputs for estimating the fair value of nonperforming collateral-dependent loans are obtained from third-party specialists and reviewed by our Credit Risk Management group to assess the reasonableness of the assumptions used and the accuracy of the work performed. In cases where we rely on third-party inputs, we use the final unadjusted third-party valuation analysis as support for any financial statement adjustments and disclosures to the financial statements.
	Because of the balance of nonperforming collateral-dependent loans, we do not believe that changes in the significant unobservable inputs used in the determination of the fair value will have a material impact on the fair value measurement of these assets or our results of operations. The following table displays the carrying value and fair value of these loans as of February 28, 2015 and May 31, 2014 and the total losses for the three and nine months ended February 28, 2015 and 2014.
		Level 3 Fair Value				Total Losses For The Three Months Ended February 28,				Total Losses For The Nine Months Ended February 28,
	(Dollars in thousands)	February 28, 2015		May 31, 2014		2015		2014		2015			2014
	Nonperforming loans, net of specific reserves	$	—	$	1,669	$	—	$	—	$	(943	)	$	—

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Feb. 28, 2015
Fair Value of Financial Instruments
Fair Value of Financial Instruments
	NOTE 12—FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying and fair values of our financial instruments as of February 28, 2015 and May 31, 2014 are presented below.
		February 28, 2015				Fair Value Measurements Using
	(Dollars in thousands)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	Assets:
	Cash and cash equivalents	$	298,771	$	298,771	$	298,771	$	—	$	—
	Restricted cash	35		35		35		—		—
	Investments	85,423		85,423		85,423		—		—
	Time deposits	385,000		385,000		—		385,000		—
	Deferred compensation investments	4,247		4,247		4,247		—		—
	Loans to members, net	21,158,978		21,892,159		—		—		21,892,159
	Debt service reserve funds	25,602		25,602		25,602		—		—
	Derivative instruments	113,231		113,231		—		113,231		—
	Liabilities:
	Short-term debt	3,213,860		3,213,605		1,636,435		1,577,170		—
	Long-term debt	15,861,011		17,076,310		—		10,550,286		6,526,024
	Guarantee liability	21,975		24,654		—		—		24,654
	Derivative instruments	451,938		451,938		—		451,938		—
	Subordinated deferrable debt	400,000		401,004		—		401,004		—
	Members’ subordinated certificates	1,526,452		1,526,452		—		—		1,526,452
		May 31, 2014				Fair Value Measurements Using
	(Dollars in thousands)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	Assets:
	Cash and cash equivalents	$	338,715	$	338,715	$	338,715	$	—	$	—
	Restricted cash	520		520		520		—		—
	Investments	55,177		55,177		55,177		—		—
	Time deposits	550,000		550,000		—		550,000		—
	Deferred compensation investments	4,156		4,156		4,156		—		—
	Loans to members, net	20,420,213		21,000,687		—		—		21,000,687
	Debt service reserve funds	39,353		39,353		39,353		—		—
	Derivative instruments	209,759		209,759		—		209,759		—
	Liabilities:
	Short-term debt	4,099,331		4,099,534		2,480,166		1,619,368		—
	Long-term debt	14,513,284		15,738,970		—		9,618,645		6,120,325
	Guarantee liability	22,091		24,946		—		—		24,946
	Derivative instruments	388,208		388,208		—		388,208		—
	Subordinated deferrable debt	400,000		385,744		—		385,744		—
	Members’ subordinated certificates	1,612,227		1,612,227		—		—		1,612,227
	We consider observable prices in the principal market in our valuations where possible. Fair value estimates were developed at the reporting date and may not necessarily be indicative of amounts that could ultimately be realized in a market transaction at a future date. There were no transfers between levels of the fair value hierarchy during the nine months ended February 28, 2015.
	With the exception of redeeming debt under early redemption provisions, terminating derivative instruments under early termination provisions and allowing borrowers to prepay their loans, we held and intend to hold all financial instruments to maturity excluding common stock and preferred stock investments that have no stated maturity. Below is a summary of significant methodologies used in estimating fair value amounts as of February 28, 2015 and May 31, 2014.
	Cash and Cash Equivalents
	Cash and cash equivalents include cash and certificates of deposit with original maturities of less than 90 days. Cash and cash equivalents are valued at the carrying value, which approximates fair value.
	Restricted Cash
	Restricted cash consists of cash and cash equivalents for which use is contractually restricted. The carrying value of restricted cash approximates fair value.
	Investments
	Our investments consist of Farmer Mac Series A, Series B and Series C preferred stock and Class A common stock. These securities are classified as available-for-sale and reported at fair value in our condensed consolidated balance sheets. We determine the fair value based on quoted prices on the stock exchange where the stock is traded. That stock exchange is an active market based on the volume of shares transacted.
	Time Deposits
	Time deposits with financial institutions in interest-bearing accounts have maturities of less than one year as of the reporting date and are valued at the carrying value, which approximates fair value.
	Deferred Compensation Investments
	CFC offers a nonqualified 457(b) deferred compensation plan to highly compensated employees. Such amounts deferred by employees are invested by the company. The deferred compensation investments are presented as other assets in the condensed consolidated balance sheets at fair value. We calculate fair value based on the quoted price on the stock exchange where the funds are traded. That stock exchange is an active market based on the volume of shares transacted. The amounts are invested in highly liquid indices and mutual funds.
	Loans to Members, Net
	As part of receiving a loan from us, our members have additional requirements and rights that are not typical of other financial institutions, such as the ability to receive a patronage capital allocation, the general requirement to purchase subordinated certificates or member capital securities to meet their capital contribution requirements as a condition of obtaining additional credit from us, the option to select fixed rates from one year to maturity with the fixed rate resetting or repricing at the end of each selected rate term, the ability to convert from a fixed rate to another fixed rate or the variable rate at any time, and certain interest rate discounts that are specific to the borrower’s activity with us. These features make it difficult to obtain market data for similar loans. Therefore, we must use other methods to estimate the fair value.
	Fair values for fixed-rate loans are estimated using a discounted cash flow technique by discounting the expected future cash flows using the current rates at which we would make similar loans to new borrowers for the same remaining maturities. The maturity date used in the fair value calculation of loans with a fixed rate for a selected rate term is the next repricing date since these borrowers must reprice their loans at various times throughout the life of the loan at the current market rate.
	Loans with different risk characteristics, specifically nonperforming and restructured loans, are valued by using collateral valuations or by adjusting cash flows for credit risk and discounting those cash flows using the current rates at which similar loans would be made by us to borrowers for the same remaining maturities. See “Note 11—Fair Value Measurement” for more details about how we calculate the fair value of certain nonperforming loans.
	The carrying value of our variable-rate loans adjusted for credit risk approximates fair value since variable-rate loans are eligible to be reset at least monthly.
	Debt Service Reserve Funds
	Debt service reserve funds represent cash and/or investments on deposit with the bond trustee for tax-exempt bonds that we guarantee. Debt service reserve fund investments are comprised of actively traded tax exempt municipal bonds and commercial paper. Carrying value is considered to be equal to fair value.
	Short-Term Debt
	Short-term debt consists of commercial paper, select notes, bank bid notes, daily liquidity fund notes and medium-term notes. The fair value of short-term debt with maturities less than or equal to 90 days is carrying value, which is a reasonable estimate of fair value. The fair value of short-term debt with maturities greater than 90 days is estimated based on discounted cash flows and quoted market rates for debt with similar maturities. Short-term debt classified within Level 1 of the fair value hierarchy is comprised of dealer commercial paper, bank bid notes and daily liquidity fund notes. Short-term debt classified within Level 2 of the fair value hierarchy is comprised of member commercial paper and select notes, and is determined based on discounted cash flows using discount rates consistent with current market rates for similar products with similar remaining terms.
	Short-term debt classified within Level 2 also includes our medium-term notes with an original maturity equal to or less than one year. The fair value of short-term medium-term notes classified within Level 2 of the fair value hierarchy was determined based on discounted cash flows using a pricing model that incorporates available market information such as indicative benchmark yields and credit spread assumptions that are provided by third-party pricing services such as our banks that underwrite our other debt transactions.
	Long-Term Debt
	Long-term debt consists of collateral trust bonds, medium-term notes and long-term notes payable. We issue substantially all collateral trust bonds and some medium-term notes in underwritten public transactions. Collateral trust bonds and medium-term notes are classified within Level 2 of the fair value hierarchy. The fair value of long-term debt classified within Level 2 of the fair value hierarchy was determined based on discounted cash flows. There is no active secondary trading for the underwritten collateral trust bonds and medium-term notes; therefore, dealer quotes and recent market prices are both used in estimating fair value. There is essentially no secondary market for the medium-term notes issued to our members or in transactions that are not underwritten; therefore, fair value is estimated based on observable benchmark yields and spreads for similar instruments supplied by banks that underwrite our other debt transactions.
	The long-term notes payable are issued in private placement transactions and there is no secondary trading of such debt. Long-term notes payable are classified within Level 3 of the fair value hierarchy. The fair value was determined based on discounted cash flows using benchmark yields and spreads for similar instruments supplied by underwriter quotes for similar instruments, if available. Secondary trading quotes for our debt instruments used in the determination of fair value incorporate our credit risk.
Guarantees
The fair value of our guarantee liability is based on the fair value of our contingent and non-contingent exposure related to our guarantees. The fair value of our contingent exposure for guarantees is based on management’s estimate of our exposure to losses within the guarantee portfolio using a discounted cash flow method. The fair value of our non-contingent exposure for guarantees issued is estimated based on the total unamortized balance of guarantee fees paid and guarantee fees to be paid discounted at our current short-term funding rate, which represents management’s estimate of the fair value of our obligation to stand ready to perform.
Subordinated Deferrable Debt
Subordinated deferrable debt outstanding was issued in an underwritten public transaction. There is no active secondary trading for this subordinated deferrable debt; therefore, dealer quotes and recent market prices are both used in estimating fair value based on a discounted cash flow method.
Members’ Subordinated Certificates
Members’ subordinated certificates include (i) membership subordinated certificates issued to our members, (ii) loan and guarantee subordinated certificates issued as a condition of obtaining loan funds or guarantees and (iii) member capital securities issued as voluntary investments by our members. All members' subordinated certificates are non-transferable other than among members with CFC’s consent and there is no ready market from which to obtain fair value quotes. These certificates are valued at par.
Derivative Instruments
We report derivative instruments at fair value as either an asset or liability in our condensed consolidated balance sheets. Because there is not an active secondary market for the types of interest rate swaps we use, we obtain indicative quotes from the interest rate swap counterparties to estimate fair value on a quarterly basis. The indicative quotes are based on the expected future cash flow and estimated yield curves. We adjust the market values received from the counterparties using credit default swap levels for us and the counterparties. The credit default swap levels represent the credit risk premium required by a market participant based on the available information related to us and the counterparty.
Commitments
The fair value of our commitments is estimated based on the carrying value, or zero. Extensions of credit under these commitments, if exercised, would result in loans priced at market rates.
See “Note 11—Fair Value Measurement” for additional information on assets and liabilities reported at fair value on a recurring and non-recurring basis on our condensed consolidated balance sheets.

Segment_Information

Segment Information	9 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Segment Information
	NOTE 13—SEGMENT INFORMATION
	The following tables display segment results for the three and nine months ended February 28, 2015 and 2014, and assets attributable to each segment as of February 28, 2015 and 2014.
		Three Months Ended February 28, 2015
	(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
	Statement of operations:
	Interest income	$	235,616		$	11,791		$	(8,667	)	$	238,740
	Interest expense	(156,489		)	(9,028		)	8,667			(156,850		)
	Net interest income	79,127			2,763			—			81,890
	Provision for loan losses	(2,304		)	—			—			(2,304		)
	Net interest income after provision for loan losses	76,823			2,763			—			79,586
	Non-interest income:
	Fee and other income	4,928			922			(830		)	5,020
	Derivative losses, net	(97,424		)	(1,346		)	—			(98,770		)
	Results of operations of foreclosed assets	(1,369		)	—			—			(1,369		)
	Total non-interest income	(93,865		)	(424		)	(830		)	(95,119		)
	Non-interest expense:
	General and administrative expenses	(16,227		)	(2,024		)	243			(18,008		)
	Provision for guarantee liability	—			—			—			—
	Losses on early extinguishment of debt	(703		)	—			—			(703		)
	Other	(7		)	(587		)	587			(7		)
	Total non-interest expense	(16,937		)	(2,611		)	830			(18,718		)
	Loss before income taxes	(33,979		)	(272		)	—			(34,251		)
	Income tax benefit	—			55			—			55
	Net loss	$	(33,979	)	$	(217	)	$	—		$	(34,196	)
		Three Months Ended February 28, 2014
	(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
	Statement of operations:
	Interest income	$	234,927		$	12,613		$	(8,808	)	$	238,732
	Interest expense	(163,157		)	(9,185		)	8,808			(163,534		)
	Net interest income	71,770			3,428			—			75,198
	Provision for loan losses	(787		)	—			—			(787		)
	Net interest income after provision for loan losses	70,983			3,428			—			74,411
	Non-interest income:
	Fee and other income	5,127			374			201			5,702
	Derivative losses, net	(30,808		)	(815		)	—			(31,623		)
	Results of operations of foreclosed assets	(1,164		)	—			—			(1,164		)
	Total non-interest income	(26,845		)	(441		)	201			(27,085		)
	Non-interest expense:
	General and administrative expenses	(14,477		)	(2,505		)	(201		)	(17,183		)
	Provision for guarantee liability	(117		)	—			—			(117		)
	Losses on early extinguishment of debt	(1,452		)	—			—			(1,452		)
	Other	210			—			—			210
	Total non-interest expense	(15,836		)	(2,505		)	(201		)	(18,542		)
	Income before income taxes	28,302			482			—			28,784
	Income tax expense	—			(243		)	—			(243		)
	Net income	$	28,302		$	239		$	—		$	28,541
		Nine Months Ended February 28, 2015
	(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
	Statement of operations:
	Interest income	$	701,924		$	34,926		$	(25,584	)	$	711,266
	Interest expense	(470,635		)	(26,626		)	25,584			(471,677		)
	Net interest income	231,289			8,300			—			239,589
	Provision for loan losses	3,475			—			—			3,475
	Net interest income after provision for loan losses	234,764			8,300			—			243,064
	Non-interest income:
	Fee and other income	18,800			2,653			(2,204		)	19,249
	Derivative losses, net	(219,656		)	(3,553		)	—			(223,209		)
	Results of operations of foreclosed assets	(33,059		)	—			—			(33,059		)
	Total non-interest income	(233,915		)	(900		)	(2,204		)	(237,019		)
	Non-interest expense:
	General and administrative expenses	(49,479		)	(6,039		)	730			(54,788		)
	Provision for guarantee liability	80			—			—			80
	Losses on early extinguishment of debt	(703		)	—			—			(703		)
Other	(30		)	(1,474		)	1,474			(30		)
Total non-interest expense	(50,132		)	(7,513		)	2,204			(55,441		)
Income before income taxes	(49,283		)	(113		)	—			(49,396		)
Income tax expense	—			(100		)	—			(100		)
Net income	$	(49,283	)	$	(213	)	$	—		$	(49,496	)
Assets:
Total loans outstanding	$	21,187,603		$	1,117,252		$	(1,102,456	)	$	21,202,399
Deferred origination costs	9,693			—			—			9,693
Less: Allowance for loan losses	(53,114		)	—			—			(53,114		)
Loans to members, net	21,144,182			1,117,252			(1,102,456		)	21,158,978
Other assets	1,448,655			157,122			(115,834		)	1,489,943
Total assets	$	22,592,837		$	1,274,374		$	(1,218,290	)	$	22,648,921
	Nine Months Ended February 28, 2014
(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
Statement of operations:
Interest income	$	707,758		$	37,958		$	(26,659	)	$	719,057
Interest expense	(495,357		)	(27,766		)	26,659			(496,464		)
Net interest income	212,401			10,192			—			222,593
Provision for loan losses	(3,161		)	—			—			(3,161		)
Net interest income after provision for loan losses	209,240			10,192			—			219,432
Non-interest income:
Fee and other income	13,314			1,068			601			14,983
Derivative gains, net	43,543			438			—			43,981
Results of operations of foreclosed assets	(8,482		)	—			—			(8,482		)
Total non-interest income	48,375			1,506			601			50,482
Non-interest expense:
General and administrative expenses	(47,140		)	(6,630		)	(601		)	(54,371		)
Provision for guarantee liability	(159		)	—			—			(159		)
Losses on early extinguishment of debt	(1,452		)	—			—			(1,452		)
Other	(89		)	1			—			(88		)
Total non-interest expense	(48,840		)	(6,629		)	(601		)	(56,070		)
Income before income taxes	208,775			5,069			—			213,844
Income tax expense	—			(2,045		)	—			(2,045		)
Net income	$	208,775		$	3,024		$	—		$	211,799
Assets:
Total loans outstanding	$	20,605,354		$	1,234,787		$	(1,204,808	)	$	20,635,333
Deferred origination costs	9,731			—			—			9,731
Less: Allowance for loan losses	(56,040		)	—			—			(56,040		)
Loans to members, net	20,559,045			1,234,787			(1,204,808		)	20,589,024
Other assets	2,492,657			145,847			(120,199		)	2,518,305
Total assets	$	23,051,702		$	1,380,634		$	(1,325,007	)	$	23,107,329

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Feb. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	The Company
	National Rural Utilities Cooperative Finance Corporation (“CFC”) is a member-owned cooperative association incorporated under the laws of the District of Columbia in April 1969. CFC’s principal purpose is to provide its members with financing to supplement the loan programs of the Rural Utilities Service (“RUS”) of the United States Department of Agriculture (“USDA”). CFC makes loans to its rural electric members so they can acquire, construct and operate electric distribution, generation, transmission and related facilities. CFC also provides its members with credit enhancements in the form of letters of credit and guarantees of debt obligations. As a cooperative, CFC is owned by and exclusively serves its membership, which consists of not-for-profit entities or subsidiaries or affiliates of not-for-profit entities. CFC is exempt from federal income taxes.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation
	The accompanying financial statements include the consolidated accounts of CFC, Rural Telephone Finance Cooperative (“RTFC”) and National Cooperative Services Corporation (“NCSC”) and certain entities created and controlled by CFC to hold foreclosed assets and accommodate loan securitization transactions. The entities controlled by CFC that hold foreclosed assets include Caribbean Asset Holdings, LLC (“CAH”) and Denton Realty Partners, LP (“DRP”). CAH is a holding company for various U.S. Virgin Islands, British Virgin Islands and St. Maarten-based telecommunications operating entities that provide local, long-distance and wireless telephone, cable television and internet services to residential and commercial customers. DRP holds a land development loan and limited partnership interests in certain receivables related to a real estate development. Intercompany accounts and transactions have been eliminated in consolidation. Unless stated otherwise, references to “we,” “our” or “us” relate to CFC and its consolidated entities.
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“GAAP”).
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair presentation of this interim financial information.
Reclassifications	Reclassifications
	Certain prior period amounts have been reclassified to conform to the current period presentation. The most significant reclassification relates to the presentation of short-term and long-term debt. Effective August 31, 2014, we began classifying debt as either short-term or long-term based on the original contractual maturity at issuance. For reporting periods prior to August 31, 2014, we reported long-term debt maturing within one year as part of our short-term debt. The debt reclassification had no impact on our debt ratios or financial covenants.
Variable Interest Entities	Variable Interest Entities
	We are required to consolidate the financial results of RTFC and NCSC because CFC is the primary beneficiary of variable interests in RTFC and NCSC due to its exposure to absorbing the majority of their expected losses.
	Under separate guarantee agreements, RTFC and NCSC pay CFC a fee to indemnify them against loan losses. CFC is the sole lender to and manages the business operations of RTFC through a management agreement in effect until December 1, 2016, which is automatically renewed for one-year terms thereafter unless terminated by either party. CFC is the primary source of funding to, and manages the lending activities of, NCSC through a management agreement that is automatically renewable on an annual basis unless terminated by either party. NCSC funds its lending programs through loans from CFC or debt guaranteed by CFC. In connection with these guarantees, NCSC must pay a guarantee fee.
Recently Issued but Not Yet Adopted Accounting Standards	Recently Issued but Not Yet Adopted Accounting Standards
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers, which clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance, which does not apply to financial instruments, is effective for us beginning in the first quarter of fiscal year 2018. On April 1, 2015, the Financial Accounting Standards Board voted to propose to defer the effective date of the new revenue recognition standard by one year. We do not expect the new guidance to have a material impact on our financial condition, results of operations or liquidity, as CFC’s primary business and source of revenue is from lending.
	In February 2015, the Financial Accounting Standards Board issued Accounting Standards Update 2015-02, Amendments to the Consolidation Analysis, which is intended to improve upon and simplify the consolidation assessment required to evaluate whether organizations should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures. The new accounting guidance is effective for us beginning in the first quarter of fiscal year 2017. We do not expect the new guidance to have a material impact on our financial condition, results of operations or liquidity.
	In April 2015, the Financial Accounting Standards Board issued Accounting Standards Update 2015-03, Simplifying the Presentation of Debt Issuance Costs, which changes the presentation of debt issuance costs in the financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. The new accounting guidance is effective for us beginning in the first quarter of fiscal year 2017. We are currently evaluating the guidance to determine the impact on our balance sheet presentation.
Derivatives	Use of Derivatives
	We are an end user of derivative financial instruments and do not engage in derivative trading. We use derivatives, primarily interest rate swaps and treasury rate locks, to manage interest rate risk. Derivatives may be privately negotiated contracts, which are often referred to as over-the-counter (“OTC”) derivatives, or they may be listed and traded on an exchange. We generally engage in OTC derivative transactions.
	Accounting for Derivatives
	In accordance with the accounting standards for derivatives and hedging activities, we record derivative instruments at fair value as either a derivative asset or derivative liability on our condensed consolidated balance sheets. We report derivative asset and liability amounts on a gross basis based on individual contracts, which does not take into consideration the effects of master netting agreements or collateral netting. Derivatives in a gain position are reported as derivative assets on our condensed consolidated balance sheets, while derivatives in a loss position are reported as derivative liabilities. Accrued interest related to derivatives is reported on our condensed consolidated balance sheets as a component of either accrued interest and other receivables or accrued interest payable.
	If we do not elect hedge accounting treatment, changes in the fair value of derivative instruments, which consist of periodic derivative cash settlements and derivative forward value amounts, are recognized in our consolidated statements of operations under derivative gains (losses), net. If we elect hedge accounting treatment for derivatives, we formally document, designate and assess the effectiveness of the hedge relationship. Changes in the fair value of derivatives designated as qualifying fair value hedges are recorded in earnings together with offsetting changes in the fair value of the hedged item and any related ineffectiveness. Changes in the fair value of derivatives designated as qualifying cash flow hedges are recorded as a component of other comprehensive income (“OCI”), to the extent that the hedge relationships are effective, and reclassified AOCI to earnings using the effective interest method over the term of the forecasted transaction. Any ineffectiveness in the hedging relationship is recognized as a component of derivative gains (losses), net in our consolidated statement of operations.
	We generally do not designate interest rate swaps, which represent the substantial majority of our derivatives, for hedge accounting. Accordingly, changes in the fair value of interest rate swaps are reported in our consolidated statements of operations under derivative gains (losses), net. Cash settlements related to interest rate swaps are classified as an operating activity in our consolidated statements of cash flows.
	We typically designate treasury rate locks as cash flow hedges of forecasted debt issuances. Accordingly, changes in the fair value of the derivative instruments are recorded as a component of OCI and reclassified to interest expense when the forecasted transaction occurs using the effective interest method. Any ineffectiveness in the hedging relationship is recognized as a component of derivative gains (losses), net in our consolidated statements of operations.
Fair value of assets and liabilities measured on recurring or nonrecurring basis	Fair Value
	Assets and liabilities measured at fair value on either a recurring or non-recurring basis on the condensed consolidated balance sheets as of February 28, 2015 and May 31, 2014 consisted of investments in common and preferred stock, derivative instruments and nonperforming collateral-dependent loans.
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
	Assets and liabilities measured at fair value on a recurring basis as of November 30, 2014 and May 31, 2014 consisted of our derivative instruments, investments in common and preferred stock and deferred compensation investments. The following table presents our assets and liabilities that are measured at fair value on a recurring basis as of February 28, 2015 and May 31, 2014.
		February 28, 2015				May 31, 2014
	(Dollars in thousands)	Level 1		Level 2		Level 1		Level 2
	Derivative assets	$	—	$	113,231	$	—	$	209,759
	Derivative liabilities	—		451,938		—		388,208
	Investments in common and preferred stock	85,423		—		55,177		—
	Deferred compensation investments	4,247		—		4,156		—
	Derivative Instruments
	We account for derivative instruments in the condensed consolidated balance sheets as either an asset or liability measured at fair value. There is not an active secondary market for the types of interest rate swaps we use. Our process to estimate the fair value of our derivative instruments involves multiple steps including consideration of indicative quotes from counterparties and use of a discounted cash flow model. We obtain indicative quotes from the interest rate swap counterparties to estimate fair value on a quarterly basis. The indicative quotes are based on the expected future cash flow and the estimated yield curve.
	We perform an analysis to validate the indicative quotes obtained from our swap counterparties and investigate any significant differences. We adjust the market values received from the counterparties using credit default swap levels for us and the counterparties. The credit default swap levels represent the credit risk premium required by a market participant based on the available information related to us and the counterparty. We only enter into swap agreements with counterparties that are participating in our revolving lines of credit at the time the exchange agreements are executed. All of our swap agreements are subject to master netting agreements.
	Our valuation technique for interest rate swaps is based on discounted cash flows and we utilize observable inputs, which reflect market data. To calculate fair value, we determine the forward curve. The forward curve allows us to determine the projected floating rate cash flows and the discount factors needed to calculate the net present value of each interest payment. The significant observable inputs for our derivatives include spot LIBOR rates, Eurodollar futures contracts, and market swap rates.
	Fair values for our interest rate swaps are classified as a Level 2 valuation. We record the change in the fair value of our derivatives for each reporting period in the derivative gains (losses) line, included in non-interest income in the consolidated statements of operations, as currently none of our derivatives qualify for hedge accounting.
	Investments in Preferred and Common Stock
	Our investments in equity securities consist of investments in Farmer Mac Series A, Series B and Series C preferred stock and Class A common stock, which are recorded in the condensed consolidated balance sheets at fair value. We determine the fair value of these investments based on the quoted price on the stock exchange where the stock is traded. That stock exchange is an active market based on the volume of shares transacted. Fair values for these securities are classified as a Level 1 valuation. For the three and nine months ended February 28, 2015, we recorded an unrealized gain of $2 million and $5 million, respectively, in accumulated other comprehensive income, compared to an unrealized gain of $2 million and an unrealized loss of $3 million, respectively, for the same prior-year periods.
	Deferred Compensation Investments
	Deferred compensation investments are recorded in the condensed consolidated balance sheets in the other assets category at fair value. We calculate fair value based on the quoted price on the stock exchange where the funds are traded. That stock exchange is an active market based on the volume of shares transacted. The amounts are invested in highly liquid indices and mutual funds and are classified within Level 1 of the fair value hierarchy.
	Assets and Liabilities Measured at Fair Value on a Non-recurring Basis
	We may be required, from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with GAAP. Any adjustments to fair value usually result from application of lower-of-cost or fair value accounting or write-downs of individual assets. Assets measured at fair value on a non-recurring basis as of February 28, 2015 and May 31, 2014 consisted of certain nonperforming collateral-dependent loans. The fair value of these assets is determined based on the use of significant unobservable inputs, which are considered Level 3 in the fair value hierarchy.
	Nonperforming Collateral-Dependent Loans
	As of February 28, 2015 and May 31, 2014, we measured certain collateral-dependent nonperforming loans at fair value. We utilize the fair value of the collateral underlying the loan to determine the specific allowance for loan loss. In estimating the fair value of the collateral, we may use third-party valuation specialists, internal estimates or a combination of both. The valuation technique used to determine fair value of the nonperforming loans provided by both our internal staff and third-party specialists includes market multiples (i.e., comparable companies). The significant unobservable input used in the determination of fair value for the specific nonperforming loans is a multiple of earnings before interest, taxes, depreciation and amortization of 3.5x as of May 31, 2014. The material inputs used in estimating fair value by both internal staff and third-party specialists are Level 3 within the fair value hierarchy. In these instances, the valuation is considered to be a non-recurring item. The significant unobservable inputs for estimating the fair value of nonperforming collateral-dependent loans are obtained from third-party specialists and reviewed by our Credit Risk Management group to assess the reasonableness of the assumptions used and the accuracy of the work performed. In cases where we rely on third-party inputs, we use the final unadjusted third-party valuation analysis as support for any financial statement adjustments and disclosures to the financial statements.
	Because of the balance of nonperforming collateral-dependent loans, we do not believe that changes in the significant unobservable inputs used in the determination of the fair value will have a material impact on the fair value measurement of these assets or our results of operations.
Fair value of financial instruments	We consider observable prices in the principal market in our valuations where possible. Fair value estimates were developed at the reporting date and may not necessarily be indicative of amounts that could ultimately be realized in a market transaction at a future date. There were no transfers between levels of the fair value hierarchy during the nine months ended February 28, 2015.
	With the exception of redeeming debt under early redemption provisions, terminating derivative instruments under early termination provisions and allowing borrowers to prepay their loans, we held and intend to hold all financial instruments to maturity excluding common stock and preferred stock investments that have no stated maturity. Below is a summary of significant methodologies used in estimating fair value amounts as of February 28, 2015 and May 31, 2014.
	Cash and Cash Equivalents
	Cash and cash equivalents include cash and certificates of deposit with original maturities of less than 90 days. Cash and cash equivalents are valued at the carrying value, which approximates fair value.
	Restricted Cash
	Restricted cash consists of cash and cash equivalents for which use is contractually restricted. The carrying value of restricted cash approximates fair value.
	Investments
	Our investments consist of Farmer Mac Series A, Series B and Series C preferred stock and Class A common stock. These securities are classified as available-for-sale and reported at fair value in our condensed consolidated balance sheets. We determine the fair value based on quoted prices on the stock exchange where the stock is traded. That stock exchange is an active market based on the volume of shares transacted.
	Time Deposits
	Time deposits with financial institutions in interest-bearing accounts have maturities of less than one year as of the reporting date and are valued at the carrying value, which approximates fair value.
	Deferred Compensation Investments
	CFC offers a nonqualified 457(b) deferred compensation plan to highly compensated employees. Such amounts deferred by employees are invested by the company. The deferred compensation investments are presented as other assets in the condensed consolidated balance sheets at fair value. We calculate fair value based on the quoted price on the stock exchange where the funds are traded. That stock exchange is an active market based on the volume of shares transacted. The amounts are invested in highly liquid indices and mutual funds.
	Loans to Members, Net
	As part of receiving a loan from us, our members have additional requirements and rights that are not typical of other financial institutions, such as the ability to receive a patronage capital allocation, the general requirement to purchase subordinated certificates or member capital securities to meet their capital contribution requirements as a condition of obtaining additional credit from us, the option to select fixed rates from one year to maturity with the fixed rate resetting or repricing at the end of each selected rate term, the ability to convert from a fixed rate to another fixed rate or the variable rate at any time, and certain interest rate discounts that are specific to the borrower’s activity with us. These features make it difficult to obtain market data for similar loans. Therefore, we must use other methods to estimate the fair value.
	Fair values for fixed-rate loans are estimated using a discounted cash flow technique by discounting the expected future cash flows using the current rates at which we would make similar loans to new borrowers for the same remaining maturities. The maturity date used in the fair value calculation of loans with a fixed rate for a selected rate term is the next repricing date since these borrowers must reprice their loans at various times throughout the life of the loan at the current market rate.
	Loans with different risk characteristics, specifically nonperforming and restructured loans, are valued by using collateral valuations or by adjusting cash flows for credit risk and discounting those cash flows using the current rates at which similar loans would be made by us to borrowers for the same remaining maturities. See “Note 11—Fair Value Measurement” for more details about how we calculate the fair value of certain nonperforming loans.
	The carrying value of our variable-rate loans adjusted for credit risk approximates fair value since variable-rate loans are eligible to be reset at least monthly.
	Debt Service Reserve Funds
	Debt service reserve funds represent cash and/or investments on deposit with the bond trustee for tax-exempt bonds that we guarantee. Debt service reserve fund investments are comprised of actively traded tax exempt municipal bonds and commercial paper. Carrying value is considered to be equal to fair value.
	Short-Term Debt
	Short-term debt consists of commercial paper, select notes, bank bid notes, daily liquidity fund notes and medium-term notes. The fair value of short-term debt with maturities less than or equal to 90 days is carrying value, which is a reasonable estimate of fair value. The fair value of short-term debt with maturities greater than 90 days is estimated based on discounted cash flows and quoted market rates for debt with similar maturities. Short-term debt classified within Level 1 of the fair value hierarchy is comprised of dealer commercial paper, bank bid notes and daily liquidity fund notes. Short-term debt classified within Level 2 of the fair value hierarchy is comprised of member commercial paper and select notes, and is determined based on discounted cash flows using discount rates consistent with current market rates for similar products with similar remaining terms.
	Short-term debt classified within Level 2 also includes our medium-term notes with an original maturity equal to or less than one year. The fair value of short-term medium-term notes classified within Level 2 of the fair value hierarchy was determined based on discounted cash flows using a pricing model that incorporates available market information such as indicative benchmark yields and credit spread assumptions that are provided by third-party pricing services such as our banks that underwrite our other debt transactions.
	Long-Term Debt
	Long-term debt consists of collateral trust bonds, medium-term notes and long-term notes payable. We issue substantially all collateral trust bonds and some medium-term notes in underwritten public transactions. Collateral trust bonds and medium-term notes are classified within Level 2 of the fair value hierarchy. The fair value of long-term debt classified within Level 2 of the fair value hierarchy was determined based on discounted cash flows. There is no active secondary trading for the underwritten collateral trust bonds and medium-term notes; therefore, dealer quotes and recent market prices are both used in estimating fair value. There is essentially no secondary market for the medium-term notes issued to our members or in transactions that are not underwritten; therefore, fair value is estimated based on observable benchmark yields and spreads for similar instruments supplied by banks that underwrite our other debt transactions.
	The long-term notes payable are issued in private placement transactions and there is no secondary trading of such debt. Long-term notes payable are classified within Level 3 of the fair value hierarchy. The fair value was determined based on discounted cash flows using benchmark yields and spreads for similar instruments supplied by underwriter quotes for similar instruments, if available. Secondary trading quotes for our debt instruments used in the determination of fair value incorporate our credit risk.
	Guarantees
	The fair value of our guarantee liability is based on the fair value of our contingent and non-contingent exposure related to our guarantees. The fair value of our contingent exposure for guarantees is based on management’s estimate of our exposure to losses within the guarantee portfolio using a discounted cash flow method. The fair value of our non-contingent exposure for guarantees issued is estimated based on the total unamortized balance of guarantee fees paid and guarantee fees to be paid discounted at our current short-term funding rate, which represents management’s estimate of the fair value of our obligation to stand ready to perform.
	Subordinated Deferrable Debt
	Subordinated deferrable debt outstanding was issued in an underwritten public transaction. There is no active secondary trading for this subordinated deferrable debt; therefore, dealer quotes and recent market prices are both used in estimating fair value based on a discounted cash flow method.
	Members’ Subordinated Certificates
	Members’ subordinated certificates include (i) membership subordinated certificates issued to our members, (ii) loan and guarantee subordinated certificates issued as a condition of obtaining loan funds or guarantees and (iii) member capital securities issued as voluntary investments by our members. All members' subordinated certificates are non-transferable other than among members with CFC’s consent and there is no ready market from which to obtain fair value quotes. These certificates are valued at par.
	Derivative Instruments
	We report derivative instruments at fair value as either an asset or liability in our condensed consolidated balance sheets. Because there is not an active secondary market for the types of interest rate swaps we use, we obtain indicative quotes from the interest rate swap counterparties to estimate fair value on a quarterly basis. The indicative quotes are based on the expected future cash flow and estimated yield curves. We adjust the market values received from the counterparties using credit default swap levels for us and the counterparties. The credit default swap levels represent the credit risk premium required by a market participant based on the available information related to us and the counterparty.
	Commitments
	The fair value of our commitments is estimated based on the carrying value, or zero. Extensions of credit under these commitments, if exercised, would result in loans priced at market rates.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Feb. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of components of interest income	Interest income on loans is recognized using the effective interest method. The following table presents the components of interest income for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,				Nine Months Ended February 28,
	(Dollars in thousands)	2015		2014		2015		2014
	Interest on long-term fixed-rate loans	$	221,856	$	220,227	$	660,391	$	666,762
	Interest on long-term variable-rate loans	4,836		5,217		15,099		14,871
	Interest on line of credit loans	6,707		8,302		20,335		23,379
	Interest on restructured loans	—		—		10		136
	Interest on investments	2,395		1,932		6,516		5,685
	Fee income(1)	2,946		3,054		8,915		8,224
	Total interest income	$	238,740	$	238,732	$	711,266	$	719,057
	____________________________
	(1) Primarily related to conversion fees, which are deferred and recognized in interest income over the original loan interest rate pricing term using the effective interest method. Also includes a small portion of conversion fees that are intended to cover the administrative costs related to the conversion, which are recognized immediately.
Schedule of components of interest expense	The following table presents the components of interest expense for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,				Nine Months Ended February 28,
	(Dollars in thousands)	2015		2014		2015		2014
	Interest expense on debt:(1)
	Short-term debt	$	1,669	$	1,406	$	4,375	$	4,445
	Medium-term notes	17,196		20,369		50,937		62,920
	Collateral trust bonds	77,360		76,090		227,346		227,746
	Subordinated deferrable debt	4,750		4,750		14,250		14,250
	Subordinated certificates	15,281		19,777		48,177		60,897
	Long-term notes payable	36,933		37,130		112,190		113,828
	Debt issuance costs(2)	1,871		1,806		5,596		5,453
	Fee expense(3)	1,790		2,206		8,806		6,925
	Total interest expense	$	156,850	$	163,534	$	471,677	$	496,464
	____________________________
	(1) Represents interest expense and the amortization of discounts on debt.
	(2) Primarily consists of underwriter’s fees, legal fees, printing costs and certain accounting fees, which are deferred and recognized in interest expense using the effective interest method. Also includes issuance costs related to dealer commercial paper, which are recognized immediately as incurred.
	(3) Reflects various fees related to funding activities, including fees paid to banks participating in our revolving credit agreements. Amounts are recognized as incurred or amortized on a straight-line basis over the life of the agreement.

Investment_Securities_Tables

Investment Securities (Tables)	9 Months Ended
	Feb. 28, 2015
Investments [Abstract]
Schedule of investments in equity securities	The following tables present the amortized cost, gross unrealized gains and losses and fair value of our available-for-sale investment securities as of February 28, 2015 and May 31, 2014.
		28-Feb-15
	(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Farmer Mac—Series A Non-Cumulative Preferred Stock	$	30,000	$	564	$	—		$	30,564
	Farmer Mac—Series B Non-Cumulative Preferred Stock	25,000		1,450		—			26,450
	Farmer Mac—Series C Non-Cumulative Preferred Stock	25,000		1,290		—			26,290
	Farmer Mac—Class A Common Stock	538		1,581		—			2,119
	Total available-for-sale investment securities	$	80,538	$	4,885	$	—		$	85,423
		31-May-14
	(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	Farmer Mac—Series A Non-Cumulative Preferred Stock	$	30,000	$	—	$	(2,220	)	$	27,780
	Farmer Mac—Series B Non-Cumulative Preferred Stock	25,000		500		—			25,500
	Farmer Mac—Class A Common Stock	538		1,359		—			1,897
	Total available-for-sale securities	$	55,538	$	1,859	$	(2,220	)	$	55,177

Loans_and_Commitments_Tables

Loans and Commitments (Tables)	9 Months Ended
	Feb. 28, 2015
Loans and Leases Receivable Disclosure [Abstract]
Summary of loans outstanding to members and unadvanced commitments by loan type and by member class	outstanding principal balance of loans to members, unadvanced commitments and deferred loan origination costs, by loan type and member class, as of February 28, 2015 and May 31, 2014 are presented below.
		February 28, 2015								May 31, 2014
	(Dollars in thousands)	Loans				Unadvanced				Loans				Unadvanced
		Outstanding				Commitments (1)				Outstanding				Commitments (1)
	Loan type: (2)
	Long-term fixed-rate loans	$	19,134,858			$	—			$	18,175,656			$	—
	Long-term variable-rate loans	732,721				4,557,074				753,918				4,710,273
	Loans guaranteed by RUS	180,622				—				201,863				—
	Line of credit loans	1,154,198				9,345,935				1,335,488				9,201,805
	Total loans outstanding (3)	21,202,399				13,903,009				20,466,925				13,912,078
	Deferred loan origination costs	9,693				—				9,717				—
	Loans to members	$	21,212,092			$	13,903,009			$	20,476,642			$	13,912,078
	Member class:(2)
	CFC:
	Distribution	$	15,774,955			$	9,317,103			$	15,035,365			$	9,531,315
	Power supply	4,248,402				3,149,507				4,086,163				3,025,423
	Statewide and associate	61,790				129,550				67,902				105,961
	CFC total	20,085,147				12,596,160				19,189,430				12,662,699
	RTFC	401,763				291,600				449,546				304,500
	NCSC	715,489				1,015,249				827,949				944,879
	Total loans outstanding	$	21,202,399			$	13,903,009			$	20,466,925			$	13,912,078
	____________________________
	(1) The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.
	(2) Includes nonperforming and restructured loans.
	(3) Represents the unpaid principal balance excluding deferred loan origination costs.
Summary of available balance under committed lines of credit and the related maturities by fiscal year	The following table summarizes the available balance under committed lines of credit as of February 28, 2015 and the related maturities by fiscal year and thereafter as follows:
		Available		Notional Maturities of Unconditional Committed Lines of Credit
	(Dollars in thousands)	Balance		2015				2016		2017		2018		2019		Thereafter
	Committed lines of credit	$2,785,832		$	—			$74,654		$416,930		$796,526		$1,141,719		$356,003
Schedule of analysis of the age of the recorded investment in loans outstanding by member class	The tables below show an analysis of the age of the recorded investment in loans outstanding by member class as of February 28, 2015 and May 31, 2014.
		February 28, 2015
	(Dollars in thousands)	Current				30-89 Days Past Due				90 Days or More				Total				Total Financing			Nonaccrual Loans
										Past Due (1)				Past Due				Receivables
	CFC:
	Distribution	$	15,774,955			$	—			$	—			$	—			$	15,774,955		$	7,221
	Power supply	4,248,402				—				—				—				4,248,402			—
	Statewide and associate	61,790				—				—				—				61,790			—
	CFC total	20,085,147				—				—				—				20,085,147			7,221
	RTFC	401,471				99				193				292				401,763			1,349
	NCSC	715,489				—				—				—				715,489			308
	Total loans outstanding	$	21,202,107			$	99			$	193			$	292			$	21,202,399		$	8,878
	As a % of total loans	100		%		—		%		—		%		—		%		100		%	0.05		%
		May 31, 2014
	(Dollars in thousands)	Current				30-89 Days Past Due				90 Days or More				Total				Total Financing			Nonaccrual Loans
										Past Due (1)				Past Due				Receivables
	CFC:
	Distribution	$	15,035,365			$	—			$	—			$	—			$	15,035,365		$	7,584
	Power supply	4,086,163				—				—				—				4,086,163			—
	Statewide and associate	67,902				—				—				—				67,902			—
	CFC total	19,189,430				—				—				—				19,189,430			7,584
	RTFC	449,546				—				—				—				449,546			1,695
	NCSC	827,949				—				—				—				827,949			400
	Total loans outstanding	$	20,466,925			$	—			$	—			$	—			$	20,466,925		$	9,679
	As a % of total loans	100		%		—		%		—		%		—		%		100		%	0.05		%
	____________________________
	(1) All loans 90 days or more past due are on nonaccrual status.
Schedule of loan portfolio by risk rating category and member class based on available data	The following table presents our loan portfolio by risk rating category and member class based on available data as of February 28, 2015 and May 31, 2014.
		February 28, 2015												May 31, 2014
	(Dollars in thousands)	Pass				Criticized				Total				Pass				Criticized			Total
	CFC:
	Distribution	$	15,743,532			$	31,423			$	15,774,955			$	15,018,642			$	16,723		$	15,035,365
	Power supply	4,248,402				—				4,248,402				4,086,163				—			4,086,163
	Statewide and associate	61,521				269				61,790				67,625				277			67,902
	CFC total	20,053,455				31,692				20,085,147				19,172,430				17,000			19,189,430
	RTFC	400,414				1,349				401,763				447,851				1,695			449,546
	NCSC	713,509				1,980				715,489				825,736				2,213			827,949
	Total loans outstanding	$	21,167,378			$	35,021			$	21,202,399			$	20,446,017			$	20,908		$	20,466,925
Summary of secured and unsecured loans outstanding by loan type and by company	The following tables summarize our secured and unsecured loans outstanding by loan type and by company as of February 28, 2015 and May 31, 2014.
		February 28, 2015
	(Dollars in thousands)	Secured				%			Unsecured				%			Total
	Loan type:
	Long-term fixed-rate loans	$	18,080,960			94	%		$	1,053,898			6	%		$	19,134,858
	Long-term variable-rate loans	663,655				91			69,066				9			732,721
	Loans guaranteed by RUS	180,622				100			—				—			180,622
	Line of credit loans	118,249				10			1,035,949				90			1,154,198
	Total loans outstanding	$	19,043,486			90			$	2,158,913			10			$	21,202,399
	Company:
	CFC	$	18,243,074			91	%		$	1,842,073			9	%		$	20,085,147
	RTFC	386,759				96			15,004				4			401,763
	NCSC	413,653				58			301,836				42			715,489
	Total loans outstanding	$	19,043,486			90			$	2,158,913			10			$	21,202,399
		31-May-14
	(Dollars in thousands)	Secured				%			Unsecured				%			Total
	Loan type:
	Long-term fixed-rate loans	$	17,185,456			95	%		$	990,200			5	%		$	18,175,656
	Long-term variable-rate loans	650,211				86			103,707				14			753,918
	Loans guaranteed by RUS	201,863				100			—				—			201,863
	Line of credit loans	311,103				23			1,024,385				77			1,335,488
	Total loans outstanding	$	18,348,633			90			$	2,118,292			10			$	20,466,925
	Company:
	CFC	$	17,313,990			90	%		$	1,875,440			10	%		$	19,189,430
	RTFC	429,626				96			19,920				4			449,546
	NCSC	605,017				73			222,932				27			827,949
	Total loans outstanding	$	18,348,633			90			$	2,118,292			10			$	20,466,925
Summary of the activity in the loan loss allowance reflecting disaggregation by company of the allowance for loan losses held at CFC based on borrower type	The tables below summarize changes, by company, in the allowance for loan losses as of and for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28, 2015
	(Dollars in thousands)	CFC				RTFC				NCSC				Total
	Balance as of November 30, 2014	$	41,185			$	5,027			$	4,545			$	50,757
	Provision for loan losses	2,366				(193		)		131				2,304
	Recoveries	53				—				—				53
	Balance as of February 28, 2015	$	43,604			$	4,834			$	4,676			$	53,114
		Three Months Ended February 28, 2014
	(Dollars in thousands)	CFC				RTFC				NCSC				Total
	Balance as of November 30, 2013	$	42,762			$	7,859			$	4,578			$	55,199
	Provision for loan losses	1,543				(2,450		)		1,694				787
	Recoveries	54				—				—				54
	Balance as of February 28, 2014	$	44,359			$	5,409			$	6,272			$	56,040
		Nine Months Ended February 28, 2015
	(Dollars in thousands)	CFC				RTFC				NCSC				Total
	Balance as of May 31, 2014	$	45,600			$	4,282			$	6,547			$	56,429
	Provision for loan losses	(2,156		)		552				(1,871		)		(3,475		)
	Recoveries	160				—				—				160
	Balance as of February 28, 2015	$	43,604			$	4,834			$	4,676			$	53,114
		Nine Months Ended February 28, 2014
	(Dollars in thousands)	CFC				RTFC				NCSC				Total
	Balance as of May 31, 2013	$	41,246			$	9,158			$	3,921			$	54,325
	Provision for loan losses	2,953				(2,143		)		2,351				3,161
	Charge-offs	—				(1,606		)		—				(1,606		)
	Recoveries	160				—				—				160
	Balance as of February 28, 2014	$	44,359			$	5,409			$	6,272			$	56,040
Schedule of loan loss allowance and the recorded investment in outstanding loans by impairment methodology and by company	The tables below present, by company, the components of our allowance for loan losses and the recorded investment of the related loans as of February 28, 2015 and May 31, 2014.
		February 28, 2015
	(Dollars in thousands)	CFC				RTFC				NCSC				Total
	Ending balance of the allowance:
	Collectively evaluated	$	43,604			$	3,485			$	4,676			$	51,765
	Individually evaluated	—				1,349				—				1,349
	Total ending balance of the allowance	$	43,604			$	4,834			$	4,676			$	53,114
	Recorded investment in loans:
	Collectively evaluated	$	20,077,926			$	400,414			$	715,181			$	21,193,521
	Individually evaluated	7,221				1,349				308				8,878
	Total recorded investment in loans	$	20,085,147			$	401,763			$	715,489			$	21,202,399
	Loans to members, net (1)	$	20,041,543			$	396,929			$	710,813			$	21,149,285
		May 31, 2014
	(Dollars in thousands)	CFC				RTFC				NCSC				Total
	Ending balance of the allowance:
	Collectively evaluated	$	45,600			$	3,876			$	6,527			$	56,003
	Individually evaluated	—				406				20				426
	Total ending balance of the allowance	$	45,600			$	4,282			$	6,547			$	56,429
	Recorded investment in loans:
	Collectively evaluated	$	19,181,846			$	447,851			$	827,549			$	20,457,246
	Individually evaluated	7,584				1,695				400				9,679
	Total recorded investment in loans	$	19,189,430			$	449,546			$	827,949			$	20,466,925
	Loans to members, net(1)	$	19,143,830			$	445,264			$	821,402			$	20,410,496
	____________________________
	(1) Excludes deferred origination costs of $10 million as of February 28, 2015 and May 31, 2014
Summary of recorded investment in individually-impaired loans and the related specific valuation allowance by member class	Our recorded investment in individually-impaired loans, which consists of the unpaid principal balance, and the related specific valuation allowance, by member class, as of February 28, 2015 and May 31, 2014 are summarized below.
		February 28, 2015								May 31, 2014
	(Dollars in thousands)	Recorded				Related				Recorded				Related
		Investment				Allowance				Investment				Allowance
	With no specific allowance recorded:
	CFC/Distribution	$	7,221			$	—			$	7,584			$	—
	NCSC	308				—				—				—
	Total	7,529				—				7,584				—
	With a specific allowance recorded:
	NCSC	—				—				400				20
	RTFC	1,349				1,349				1,695				406
	Total	1,349				1,349				2,095				426
	Total impaired loans	$	8,878			$	1,349			$	9,679			$	426
Schedule of average recorded investment in impaired loans and the interest income recognized by member class	The table below represents the average recorded investment in impaired loans and the interest income recognized, by member class, for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,
		2015				2014				2015				2014
	(Dollars in thousands)	Average Recorded Investment								Interest Income Recognized
	CFC/Distribution	$	7,221			$	7,584			$	—			$	—
	CFC/Power Supply	—				5,000				—				—
	NCSC	312				454				—				—
	RTFC	1,580				5,527				—				—
	Total impaired loans	$	9,113			$	18,565			$	—			$	—
		Nine Months Ended February 28,
		2015				2014				2015				2014
	(Dollars in thousands)	Average Recorded Investment								Interest Income Recognized
	CFC/Distribution	$	7,342			$	11,939			$	—			$	136
	CFC/Power Supply	—				5,000				—				—
	NCSC	334				151				10				—
	RTFC	1,656				7,735				—				—
	Total impaired loans	$	9,332			$	24,825			$	10			$	136
Schedule of nonperforming and restructured loans	Nonperforming and restructured loans outstanding and unadvanced commitments to members are summarized as follows by loan type and by company as of February 28, 2015 and May 31, 2014.
		February 28, 2015								May 31, 2014
	(Dollars in thousands)	Loans				Unadvanced				Loans				Unadvanced
		Outstanding				Commitments(1)				Outstanding				Commitments(1)
	Nonperforming and restructured loans:
	Nonperforming loans:
	RTFC:
	Long-term variable-rate loans	$	1,349			$	—			$	1,695			$	—
	NCSC:
	Line of credit loans	—				—				400				—
	Total nonperforming loans	$	1,349			$	—			$	2,095			$	—
	Restructured loans:
	CFC:
	Long-term fixed-rate loans	$	7,221			$	—			$	7,584			$	—
	NCSC:
	Line of credit loans	308				—				—				—
	Total restructured loans	$	7,529			$	—			$	7,584			$	—
	____________________________
	(1) The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.
Summary of foregone interest income as a result of holding loans on non-accrual status	The following table shows foregone interest income as a result of holding loans on nonaccrual status for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,								Nine Months Ended February 28,
	(Dollars in thousands)	2015				2014				2015				2014
	Nonperforming loans	$	23			$	120			$	74			$	440
	Restructured loans	132				122				396				367
	Total	$	155			$	242			$	470			$	807
Summary of loans outstanding as collateral pledged to secure the entity's collateral trust bonds, Clean Renewable Energy Bonds and notes payable to the Federal Agricultural Mortgage Corporation and the amount of the corresponding debt outstanding	The following table summarizes our loans outstanding as collateral pledged to secure our collateral trust bonds, Clean Renewable Energy Bonds and notes payable to Farmer Mac and the amount of the corresponding debt outstanding (see “Note 5—Short-Term Debt and Credit Arrangements” and “Note 6—Long-Term Debt”) as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	February 28, 2015				May 31, 2014
	Collateral trust bonds:
	2007 indenture:
	Distribution system mortgage notes	$	7,119,277			$	5,987,767
	RUS guaranteed loans qualifying as permitted investments	157,866				161,372
	Total pledged collateral	$	7,277,143			$	6,149,139
	Collateral trust bonds outstanding	6,197,711				5,397,711
	1994 indenture:
	Distribution system mortgage notes	$	926,734			$	1,005,058
	Collateral trust bonds outstanding	855,000				860,000
	Farmer Mac:
	Distribution and power supply system mortgage notes	$	2,214,073			$	1,907,607
	Notes payable outstanding	1,919,912				1,667,505
	Clean Renewable Energy Bonds Series 2009A:
	Distribution and power supply system mortgage notes	$	19,794			$	21,398
	Cash	35				520
	Total pledged collateral	$	19,829			$	21,918
	Notes payable outstanding	16,529				18,230
Schedule of collateral on deposit and the amount of the corresponding debt outstanding	The following table shows the collateral on deposit and the amount of the corresponding debt outstanding as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	February 28, 2015				May 31, 2014
	Federal Financing Bank:
	Distribution and power supply system mortgage notes on deposit	$	5,028,500			$	5,076,428
	Notes payable outstanding	4,412,036				4,299,000

Foreclosed_Assets_Tables

Foreclosed Assets (Tables)	9 Months Ended
	Feb. 28, 2015
Repossessed Assets [Abstract]
Summary of activity for foreclosed assets	Foreclosed asset activity as of and for the nine months ended February 28, 2015 is summarized below.
		Nine Months Ended February 28, 2015
	(Dollars in thousands)	CAH			DRP			Total
	Balance as of beginning of period	$	239,119		$	6,532		$	245,651
	Results of operations	(6,296		)	240			(6,056		)
	Impairment	(27,003		)	—			(27,003		)
	Results of operations of foreclosed assets	(33,299		)	240			(33,059		)
	Net cash investments	1,062			(6,500		)	(5,438		)
	Balance as of end of period	$	206,882		$	272		$	207,154

ShortTerm_Debt_and_Credit_Arra1

Short-Term Debt and Credit Arrangements (Tables)	9 Months Ended
	Feb. 28, 2015
Debt Disclosure [Abstract]
Summary of short-term debt outstanding and the weighted-average effective interest rates	The following is a summary of short-term debt outstanding as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	February 28, 2015			May 31, 2014
	Short-term debt:
	Commercial paper sold through dealers, net of discounts (1)	$	1,184,951		$	1,973,557
	Commercial paper sold directly to members, at par (1)(2)	778,909			858,389
	Select notes	569,405			548,610
	Daily liquidity fund notes	451,435			486,501
	Bank bid notes	—			20,000
	Medium-term notes sold to members	229,160			212,274
	Total short-term debt	$	3,213,860		$	4,099,331
	____________________________
	(1) Backup liquidity is provided by our revolving credit agreements.
	(2) Includes commercial paper sold directly to associates and affiliates.
Schedule of total available and outstanding letters of credit under the revolving credit agreements	The following table presents the total available and the outstanding letters of credit under our revolving credit agreements as of February 28, 2015 and May 31, 2014.
		Total Available					Letters of Credit Outstanding
	(Dollars in thousands)	February 28, 2015			May 31, 2014		February 28, 2015		May 31, 2014		Maturity	Annual Facility Fee (1)
	Three-year agreement	$	1,719,855		$	—	$	145	$	—	October 28, 2017	7.5 basis points
	Five-year agreement	1,698,109			—		1,891		—		October 28, 2019	10 basis points
	Three-year agreement	—			1,036,000		—		—		October 28, 2016	10 basis points
	Four-year agreement	—			1,122,500		—		—		October 28, 2017	10 basis points
	Five-year agreement	—			1,065,609		—		1,891		October 28, 2018	10 basis points
	Total	$	3,417,964		$	3,224,109	$	2,036	$	1,891
	____________________________
	(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.
Schedule of required and actual financial ratios under the revolving credit agreements	The following represents our required and actual financial ratios under the revolving credit agreements as of February 28, 2015 and May 31, 2014.
				Actual
		Requirement		February 28, 2015		May 31, 2014
	Minimum average adjusted TIER over the six most recent fiscal quarters(1)	1.025		1.25		1.28
	Minimum adjusted TIER for the most recent fiscal year (1) (2)	1.05		1.23		1.23
	Maximum ratio of adjusted senior debt to total equity (1)	10		5.92		5.79
	____________________________
	(1) In addition to the adjustments made to the leverage ratio set forth in “Item 7. MD&A—Non-GAAP Financial Measures,” senior debt excludes guarantees to member systems that have certain investment-grade ratings by Moody’s Investors Service (“Moody's”) and Standard & Poor’s Corporation (“S&P”). The TIER and debt-to-equity calculations include the adjustments set forth in “Item 7. MD&A—Non-GAAP Financial Measures” and exclude the results of operations and other comprehensive income for CAH.
	(2) We must meet this requirement to retire patronage capital.

LongTerm_Debt_Tables

Long-Term Debt (Tables) (Long-Term Debt)	9 Months Ended
	Feb. 28, 2015
Long-Term Debt
Long-term debt
Summary of long-term debt outstanding and the weighted-average effective interest rates	The following is a summary of long-term debt outstanding as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	February 28, 2015			May 31, 2014
	Unsecured long-term debt:
	Medium-term notes sold through dealers	$	2,310,961		$	2,228,459
	Medium-term notes sold to members	389,956			285,988
	Subtotal medium-term notes	2,700,917			2,514,447
	Unamortized discount	(410		)	(418		)
	Total unsecured medium-term notes	2,700,507			2,514,029
	Guaranteed Underwriter Program notes payable	4,412,036			4,299,000
	Other unsecured notes payable	33,167			35,075
	Subtotal unsecured notes payable	4,445,203			4,334,075
	Unamortized discount	(660		)	(770		)
	Total unsecured notes payable	4,444,543			4,333,305
	Total unsecured long-term debt	7,145,050			6,847,334
	Secured long-term debt:
	Collateral trust bonds	7,052,711			6,257,711
	Unamortized discount	(273,191		)	(277,496		)
	Total collateral trust bonds	6,779,520			5,980,215
	Farmer Mac notes payable	1,919,912			1,667,505
	Other secured notes payable	16,529			18,230
	Total secured notes payable	1,936,441			1,685,735
	Total secured long-term debt	8,715,961			7,665,950
	Total long-term debt	$	15,861,011		$	14,513,284

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	9 Months Ended
	Feb. 28, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts and weighted average rates paid and received	The following table shows the outstanding notional amounts and the weighted-average rate paid and received for our interest rate swaps, by type, as of February 28, 2015 and May 31, 2014. The substantial majority of our interest rate exchange agreements use an index based on the London Interbank Offered Rate (“LIBOR”) for either the pay or receive leg of the swap agreement.
		February 28, 2015									May 31, 2014
	(Dollars in thousands)	Notional			Weighted-			Weighted-			Notional				Weighted-			Weighted-
		Amount			Average			Average			Amount				Average			Average
					Rate Paid			Rate Received							Rate Paid			Rate Received
	Pay-fixed swaps	$	5,511,439		3.21	%		0.25	%		$	5,322,809			3.33	%		0.21	%
	Receive-fixed swaps	3,349,000			0.85			3.41			3,124,000				0.85			3.62
	Total interest rate swaps	$	8,860,439		2.32			1.44			$	8,446,809			2.41			1.48
Schedule of fair values and notional amounts of outstanding derivatives	The following table displays the fair value of the derivative assets and derivative liabilities recorded on our condensed consolidated balance sheets and the related outstanding notional amount of our interest rate swaps as of February 28, 2015 and May 31, 2014.
		February 28, 2015							31-May-14
	(Dollars in thousands)	Fair Value			Notional Balance				Fair Value				Notional Balance
	Derivative assets	$	113,231		$	3,108,030			$	209,759			$	3,817,593
	Derivative liabilities	(451,938		)	5,752,409				(388,208		)		4,629,216
	Total	$	(338,707	)	$	8,860,439			$	(178,449	)		$	8,446,809
Schedule of offsetting assets and liabilities	The following table presents the gross fair value of derivative assets and liabilities reported on our condensed consolidated balance sheets as of February 28, 2015 and May 31, 2014, and provides information on the impact of netting provisions and collateral pledged.
		February 28, 2015
		Gross Amounts			Gross Amounts				Net Amounts of Assets/ Liabilities				Gross Amounts
		of Recognized			Offset in the				Presented				Not Offset in the
		Assets/ Liabilities			Balance Sheet				in the				Balance Sheet
	(Dollars in thousands)								Balance Sheet				Financial				Cash			Net
													Instruments				Collateral			Amount
																	Pledged
	Derivative assets:
	Interest rate swaps	$	113,231		$	—			$	113,231			$	113,231			$	—		$	—
	Derivative liabilities:
	Interest rate swaps	451,938			—				451,938				113,231				—			338,707
		May 31, 2014
		Gross Amounts			Gross Amounts				Net Amounts of Assets/ Liabilities				Gross Amounts
		of Recognized			Offset in the				Presented				Not Offset in the
		Assets/ Liabilities			Balance Sheet				in the				Balance Sheet
	(Dollars in thousands)								Balance Sheet				Financial				Cash			Net
													Instruments				Collateral			Amount
																	Pledged
	Derivative assets:
	Interest rate swaps	$	209,759		$	—			$	209,759			$	169,700			$	—		$	40,059
	Derivative liabilities:
	Interest rate swaps	388,208			—				388,208				169,700				—			218,508
Schedule of offsetting assets and liabilities	The following table presents the gross fair value of derivative assets and liabilities reported on our condensed consolidated balance sheets as of February 28, 2015 and May 31, 2014, and provides information on the impact of netting provisions and collateral pledged.
		February 28, 2015
		Gross Amounts			Gross Amounts				Net Amounts of Assets/ Liabilities				Gross Amounts
		of Recognized			Offset in the				Presented				Not Offset in the
		Assets/ Liabilities			Balance Sheet				in the				Balance Sheet
	(Dollars in thousands)								Balance Sheet				Financial				Cash			Net
													Instruments				Collateral			Amount
																	Pledged
	Derivative assets:
	Interest rate swaps	$	113,231		$	—			$	113,231			$	113,231			$	—		$	—
	Derivative liabilities:
	Interest rate swaps	451,938			—				451,938				113,231				—			338,707
		May 31, 2014
		Gross Amounts			Gross Amounts				Net Amounts of Assets/ Liabilities				Gross Amounts
		of Recognized			Offset in the				Presented				Not Offset in the
		Assets/ Liabilities			Balance Sheet				in the				Balance Sheet
	(Dollars in thousands)								Balance Sheet				Financial				Cash			Net
													Instruments				Collateral			Amount
																	Pledged
	Derivative assets:
	Interest rate swaps	$	209,759		$	—			$	209,759			$	169,700			$	—		$	40,059
	Derivative liabilities:
	Interest rate swaps	388,208			—				388,208				169,700				—			218,508
Summary of gains and losses recorded on the consolidated statements of operations for the entity's interest rate swaps	The following table presents the components of the derivative gains (losses), net reported in our condensed consolidated statements of operations for our interest rate swaps for the three and nine months ended February 28, 2015 and 2014.
		Three Months Ended February 28,							Nine Months Ended February 28,
	(Dollars in thousands)	2015			2014				2015				2014
	Derivative cash settlements	$	(21,512	)	$	(18,788	)		$	(63,377	)		$	(54,944	)
	Derivative forward value	(77,258		)	(12,835		)		(159,832		)		98,925
	Derivative gains (losses), net	$	(98,770	)	$	(31,623	)		$	(223,209	)		$	43,981
Schedule of notional amounts of derivative instruments having rating triggers	The table below displays the notional amounts of our derivative contracts with rating triggers as of February 28, 2015 and the payments that would be required if the contracts were terminated as of that date because of a downgrade of our unsecured credit ratings or the counterparty's unsecured credit ratings to or below Baa1/BBB+, Baa3/BBB- or Ba3/BB by Moody’s or S&P, respectively. In calculating the payment amounts that would be required upon termination of the derivative contracts, we assumed that the amounts for each counterparty would be netted in accordance with the provisions of the master netting agreements for each counterparty. The net payment amounts are based on the fair value of the underlying derivative instrument, excluding the credit risk valuation adjustment, plus any unpaid accrued interest amounts.
	(Dollars in thousands)	Notional			Payment				Payment Due to CFC				Net (Payable)
		Amount			Required by CFC								Due
	Impact of mutual rating downgrade trigger:
	falls below Baa1/BBB+	$	4,428,784		$	(213,122	)		$	—			$	(213,122	)
	falls to Baa3/BBB-	1,796,722			(18,108		)		—				(18,108		)
	falls below Baa3/BBB-	594,131			(22,509		)		—				(22,509		)
	falls to or below Ba3/BB(1)	50,000			(425		)		—				(425		)
	Total	$	6,869,637		$	(254,164	)		$	—			$	(254,164	)

Guarantees_Tables

Guarantees (Tables)	9 Months Ended
	Feb. 28, 2015
Guarantees [Abstract]
Summary of total guarantees by type of guarantee and member class	The following table summarizes total guarantees by type of guarantee and member class as of February 28, 2015 and May 31, 2014.
	(Dollars in thousands)	28-Feb-15			31-May-14
	Total by type:
	Long-term tax-exempt bonds	$	490,380		$	518,360
	Letters of credit	383,396			431,064
	Other guarantees	114,057			115,398
	Total	$	987,833		$	1,064,822
	Total by member class:
	CFC:
	Distribution	$	175,012		$	165,559
	Power supply	730,851			826,231
	Statewide and associate	17,021			5,397
	CFC total	922,884			997,187
	RTFC	2,465			2,304
	NCSC	62,484			65,331
	Total	$	987,833		$	1,064,822
Summary of activity in the guarantee liability account	Activity in the guarantee liability account is summarized below as of and for the nine months ended February 28, 2015.
	(Dollars in thousands)	Nine Months Ended February 28, 2015
	Beginning balance	$	22,091
	Net change in non-contingent liability	(36		)
	Provision for contingent guarantee liability	(80		)
	Ending balance	$	21,975
	Liability as a percentage of total guarantees	2.22		%

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	9 Months Ended
	Feb. 28, 2015
Fair Value Disclosures [Abstract]
Schedule of the entity's assets and liabilities that are measured at fair value on a recurring basis	The following table presents our assets and liabilities that are measured at fair value on a recurring basis as of February 28, 2015 and May 31, 2014.
		February 28, 2015				May 31, 2014
	(Dollars in thousands)	Level 1		Level 2		Level 1		Level 2
	Derivative assets	$	—	$	113,231	$	—	$	209,759
	Derivative liabilities	—		451,938		—		388,208
	Investments in common and preferred stock	85,423		—		55,177		—
	Deferred compensation investments	4,247		—		4,156		—
Schedule of carrying/fair value of the related individual assets and the total losses	The following table displays the carrying value and fair value of these loans as of February 28, 2015 and May 31, 2014 and the total losses for the three and nine months ended February 28, 2015 and 2014.
		Level 3 Fair Value				Total Losses For The Three Months Ended February 28,				Total Losses For The Nine Months Ended February 28,
	(Dollars in thousands)	February 28, 2015		May 31, 2014		2015		2014		2015			2014
	Nonperforming loans, net of specific reserves	$	—	$	1,669	$	—	$	—	$	(943	)	$	—

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Feb. 28, 2015
Fair Value of Financial Instruments
Schedule of carrying and fair values for entity's financial instruments	The carrying and fair values of our financial instruments as of February 28, 2015 and May 31, 2014 are presented below.
		February 28, 2015				Fair Value Measurements Using
	(Dollars in thousands)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	Assets:
	Cash and cash equivalents	$	298,771	$	298,771	$	298,771	$	—	$	—
	Restricted cash	35		35		35		—		—
	Investments	85,423		85,423		85,423		—		—
	Time deposits	385,000		385,000		—		385,000		—
	Deferred compensation investments	4,247		4,247		4,247		—		—
	Loans to members, net	21,158,978		21,892,159		—		—		21,892,159
	Debt service reserve funds	25,602		25,602		25,602		—		—
	Derivative instruments	113,231		113,231		—		113,231		—
	Liabilities:
	Short-term debt	3,213,860		3,213,605		1,636,435		1,577,170		—
	Long-term debt	15,861,011		17,076,310		—		10,550,286		6,526,024
	Guarantee liability	21,975		24,654		—		—		24,654
	Derivative instruments	451,938		451,938		—		451,938		—
	Subordinated deferrable debt	400,000		401,004		—		401,004		—
	Members’ subordinated certificates	1,526,452		1,526,452		—		—		1,526,452
		May 31, 2014				Fair Value Measurements Using
	(Dollars in thousands)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	Assets:
	Cash and cash equivalents	$	338,715	$	338,715	$	338,715	$	—	$	—
	Restricted cash	520		520		520		—		—
	Investments	55,177		55,177		55,177		—		—
	Time deposits	550,000		550,000		—		550,000		—
	Deferred compensation investments	4,156		4,156		4,156		—		—
	Loans to members, net	20,420,213		21,000,687		—		—		21,000,687
	Debt service reserve funds	39,353		39,353		39,353		—		—
	Derivative instruments	209,759		209,759		—		209,759		—
	Liabilities:
	Short-term debt	4,099,331		4,099,534		2,480,166		1,619,368		—
	Long-term debt	14,513,284		15,738,970		—		9,618,645		6,120,325
	Guarantee liability	22,091		24,946		—		—		24,946
	Derivative instruments	388,208		388,208		—		388,208		—
	Subordinated deferrable debt	400,000		385,744		—		385,744		—
	Members’ subordinated certificates	1,612,227		1,612,227		—		—		1,612,227

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Schedule of segment presentation for the consolidated statements of operations and consolidated balance sheets	The following tables display segment results for the three and nine months ended February 28, 2015 and 2014, and assets attributable to each segment as of February 28, 2015 and 2014.
		Three Months Ended February 28, 2015
	(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
	Statement of operations:
	Interest income	$	235,616		$	11,791		$	(8,667	)	$	238,740
	Interest expense	(156,489		)	(9,028		)	8,667			(156,850		)
	Net interest income	79,127			2,763			—			81,890
	Provision for loan losses	(2,304		)	—			—			(2,304		)
	Net interest income after provision for loan losses	76,823			2,763			—			79,586
	Non-interest income:
	Fee and other income	4,928			922			(830		)	5,020
	Derivative losses, net	(97,424		)	(1,346		)	—			(98,770		)
	Results of operations of foreclosed assets	(1,369		)	—			—			(1,369		)
	Total non-interest income	(93,865		)	(424		)	(830		)	(95,119		)
	Non-interest expense:
	General and administrative expenses	(16,227		)	(2,024		)	243			(18,008		)
	Provision for guarantee liability	—			—			—			—
	Losses on early extinguishment of debt	(703		)	—			—			(703		)
	Other	(7		)	(587		)	587			(7		)
	Total non-interest expense	(16,937		)	(2,611		)	830			(18,718		)
	Loss before income taxes	(33,979		)	(272		)	—			(34,251		)
	Income tax benefit	—			55			—			55
	Net loss	$	(33,979	)	$	(217	)	$	—		$	(34,196	)
		Three Months Ended February 28, 2014
	(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
	Statement of operations:
	Interest income	$	234,927		$	12,613		$	(8,808	)	$	238,732
	Interest expense	(163,157		)	(9,185		)	8,808			(163,534		)
	Net interest income	71,770			3,428			—			75,198
	Provision for loan losses	(787		)	—			—			(787		)
	Net interest income after provision for loan losses	70,983			3,428			—			74,411
	Non-interest income:
	Fee and other income	5,127			374			201			5,702
	Derivative losses, net	(30,808		)	(815		)	—			(31,623		)
	Results of operations of foreclosed assets	(1,164		)	—			—			(1,164		)
	Total non-interest income	(26,845		)	(441		)	201			(27,085		)
	Non-interest expense:
	General and administrative expenses	(14,477		)	(2,505		)	(201		)	(17,183		)
	Provision for guarantee liability	(117		)	—			—			(117		)
	Losses on early extinguishment of debt	(1,452		)	—			—			(1,452		)
	Other	210			—			—			210
	Total non-interest expense	(15,836		)	(2,505		)	(201		)	(18,542		)
	Income before income taxes	28,302			482			—			28,784
	Income tax expense	—			(243		)	—			(243		)
	Net income	$	28,302		$	239		$	—		$	28,541
		Nine Months Ended February 28, 2015
	(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
	Statement of operations:
	Interest income	$	701,924		$	34,926		$	(25,584	)	$	711,266
	Interest expense	(470,635		)	(26,626		)	25,584			(471,677		)
	Net interest income	231,289			8,300			—			239,589
	Provision for loan losses	3,475			—			—			3,475
	Net interest income after provision for loan losses	234,764			8,300			—			243,064
	Non-interest income:
	Fee and other income	18,800			2,653			(2,204		)	19,249
	Derivative losses, net	(219,656		)	(3,553		)	—			(223,209		)
	Results of operations of foreclosed assets	(33,059		)	—			—			(33,059		)
	Total non-interest income	(233,915		)	(900		)	(2,204		)	(237,019		)
	Non-interest expense:
	General and administrative expenses	(49,479		)	(6,039		)	730			(54,788		)
	Provision for guarantee liability	80			—			—			80
	Losses on early extinguishment of debt	(703		)	—			—			(703		)
	Other	(30		)	(1,474		)	1,474			(30		)
	Total non-interest expense	(50,132		)	(7,513		)	2,204			(55,441		)
Income before income taxes	(49,283		)	(113		)	—			(49,396		)
Income tax expense	—			(100		)	—			(100		)
Net income	$	(49,283	)	$	(213	)	$	—		$	(49,496	)
Assets:
Total loans outstanding	$	21,187,603		$	1,117,252		$	(1,102,456	)	$	21,202,399
Deferred origination costs	9,693			—			—			9,693
Less: Allowance for loan losses	(53,114		)	—			—			(53,114		)
Loans to members, net	21,144,182			1,117,252			(1,102,456		)	21,158,978
Other assets	1,448,655			157,122			(115,834		)	1,489,943
Total assets	$	22,592,837		$	1,274,374		$	(1,218,290	)	$	22,648,921
	Nine Months Ended February 28, 2014
(Dollars in thousands)	CFC			Other			Elimination			Consolidated Total
Statement of operations:
Interest income	$	707,758		$	37,958		$	(26,659	)	$	719,057
Interest expense	(495,357		)	(27,766		)	26,659			(496,464		)
Net interest income	212,401			10,192			—			222,593
Provision for loan losses	(3,161		)	—			—			(3,161		)
Net interest income after provision for loan losses	209,240			10,192			—			219,432
Non-interest income:
Fee and other income	13,314			1,068			601			14,983
Derivative gains, net	43,543			438			—			43,981
Results of operations of foreclosed assets	(8,482		)	—			—			(8,482		)
Total non-interest income	48,375			1,506			601			50,482
Non-interest expense:
General and administrative expenses	(47,140		)	(6,630		)	(601		)	(54,371		)
Provision for guarantee liability	(159		)	—			—			(159		)
Losses on early extinguishment of debt	(1,452		)	—			—			(1,452		)
Other	(89		)	1			—			(88		)
Total non-interest expense	(48,840		)	(6,629		)	(601		)	(56,070		)
Income before income taxes	208,775			5,069			—			213,844
Income tax expense	—			(2,045		)	—			(2,045		)
Net income	$	208,775		$	3,024		$	—		$	211,799
Assets:
Total loans outstanding	$	20,605,354		$	1,234,787		$	(1,204,808	)	$	20,635,333
Deferred origination costs	9,731			—			—			9,731
Less: Allowance for loan losses	(56,040		)	—			—			(56,040		)
Loans to members, net	20,559,045			1,234,787			(1,204,808		)	20,589,024
Other assets	2,492,657			145,847			(120,199		)	2,518,305
Total assets	$	23,051,702		$	1,380,634		$	(1,325,007	)	$	23,107,329

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	Feb. 28, 2015	31-May-14	Feb. 28, 2014
General Information and Accounting Policies [Line Items]
Loans to members, net	$21,158,978,000	$20,420,213,000	$20,589,024,000
Consolidated variable interest entities | RTFC
General Information and Accounting Policies [Line Items]
Guarantee amount	2,000,000
Total assets including loans outstanding to members	517,000,000
Loans to members, net	402,000,000
Maximum amount committed to extend loan	4,000,000,000
Commitment outstanding	385,000,000
Consolidated variable interest entities | NCSC
General Information and Accounting Policies [Line Items]
Guarantee amount	94,000,000
Maximum potential exposure	100,000,000
Total assets including loans outstanding to members	757,000,000
Loans to members, net	715,000,000
Maximum amount committed to extend loan	3,000,000,000
Commitment outstanding	812,000,000
Loans outstanding	$718,000,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Interest Income Table (Details) (USD $)	3 Months Ended				9 Months Ended
	Feb. 28, 2015		Feb. 28, 2014		Feb. 28, 2015		Feb. 28, 2014		31-May-14
Components of interest income
Interest income	$238,740,000		$238,732,000		$711,266,000		$719,057,000
Interest on investments	2,395,000		1,932,000		6,516,000		5,685,000
Fee income	2,946,000	[1]	3,054,000	[2]	8,915,000	[1]	8,224,000	[2]
Deferred conversion fees	72,000,000				72,000,000				73,000,000
Long-term fixed-rate loans
Components of interest income
Interest income	221,856,000		220,227,000		660,391,000		666,762,000
Long-term variable-rate loans
Components of interest income
Interest income	4,836,000		5,217,000		15,099,000		14,871,000
Line of credit loans
Components of interest income
Interest income	6,707,000		8,302,000		20,335,000		23,379,000
Restructured loans
Components of interest income
Interest income	$0		$0		$10,000		$136,000
[1]	Represents interest expense and the amortization of discounts on debt.
[2]	Primarily related to conversion fees, which are deferred and recognized in interest income over the original loan interest rate pricing term using the effective interest method. Also includes a small portion of conversion fees that are intended to cover the administrative costs related to the conversion, which are recognized immediately.

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Interest Expense Table (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015		Feb. 28, 2014		Feb. 28, 2015		Feb. 28, 2014
Interest expense
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	$1,062		$0		$1,062		$0
Interest expense on debt:
Debt issuance costs	1,871	[1]	1,806	[1]	5,596	[1]	5,453	[1]
Fee expense	1,790	[2]	2,206	[2]	8,806	[2]	6,925	[2]
Total interest expense	156,850		163,534		471,677		496,464
Short-term debt
Interest expense on debt:
Interest expense on debt	1,669	[3]	1,406	[3]	4,375	[3]	4,445	[3]
Medium-term notes
Interest expense on debt:
Interest expense on debt	17,196	[3]	20,369	[3]	50,937	[3]	62,920	[3]
Collateral trust bonds
Interest expense on debt:
Interest expense on debt	77,360	[3]	76,090	[3]	227,346	[3]	227,746	[3]
Subordinated deferrable debt
Interest expense on debt:
Interest expense on debt	4,750	[3]	4,750	[3]	14,250	[3]	14,250	[3]
Subordinated certificates
Interest expense on debt:
Interest expense on debt	15,281	[3]	19,777	[3]	48,177	[3]	60,897	[3]
Long-term notes payable
Interest expense on debt:
Interest expense on debt	$36,933	[3]	$37,130	[3]	$112,190	[3]	$113,828	[3]
[1]	Primarily consists of underwriter’s fees, legal fees, printing costs and certain accounting fees, which are deferred and recognized in interest expense using the effective interest method. Also includes issuance costs related to dealer commercial paper, which are recognized immediately as incurred.
[2]	Reflects various fees related to funding activities, including fees paid to banks participating in our revolving credit agreements. Amounts are recognized as incurred or amortized on a straight-line basis over the life of the agreement.
[3]	Represents interest expense and the amortization of discounts on debt.

Investment_Securities_Details

Investment Securities (Details) (USD $)	Feb. 28, 2015	31-May-14
In Thousands, unless otherwise specified
Investments
Amortized Cost	$80,538	$55,538
Gross Unrealized Gains	4,885	1,859
Gross Unrealized Losses	0	-2,220
Fair Value	85,423	55,177
Preferred Stock | Federal Agricultural Mortgage Corporation Series A preferred stock
Investments
Amortized Cost	30,000	30,000
Gross Unrealized Gains	564	0
Gross Unrealized Losses	0	-2,220
Fair Value	30,564	27,780
Preferred Stock | Federal Agricultural Mortgage Corporation Series B Preferred Stock
Investments
Amortized Cost	25,000	25,000
Gross Unrealized Gains	1,450	500
Gross Unrealized Losses	0	0
Fair Value	26,450	25,500
Preferred Stock | Federal Agricultural Mortgage Corporation Series C Preferred Stock
Investments
Amortized Cost	25,000
Gross Unrealized Gains	1,290
Gross Unrealized Losses	0
Fair Value	26,290
Common Stock | Federal Agricultural Mortgage Corporation Class A common stock
Investments
Amortized Cost	538	538
Gross Unrealized Gains	1,581	1,359
Gross Unrealized Losses	0	0
Fair Value	$2,119	$1,897

Loans_and_Commitments_Details

Loans and Commitments (Details) (USD $)	Feb. 28, 2015		31-May-14		Feb. 28, 2014
In Thousands, unless otherwise specified
Loans outstanding
Total loans outstanding	$21,202,399	[1],[2]	$20,466,925	[1],[2]	$20,635,333
Deferred origination costs	9,693	[2]	9,717	[2]	9,731
Loans to members	21,212,092	[2]	20,476,642	[2]
Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	13,903,009	[1],[2],[3]	13,912,078	[1],[2],[3]
CFC
Loans outstanding
Total loans outstanding	20,085,147	[2]	19,189,430	[2]
CFC | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	12,596,160	[2],[3]	12,662,699	[2],[3]
CFC | Distribution
Loans outstanding
Total loans outstanding	15,774,955		15,035,365	[2]
CFC | Distribution | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	9,317,103	[2],[3]	9,531,315	[2],[3]
CFC | Power supply
Loans outstanding
Total loans outstanding	4,248,402		4,086,163	[2]
CFC | Power supply | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	3,149,507	[2],[3]	3,025,423	[2],[3]
CFC | Statewide and associate
Loans outstanding
Total loans outstanding	61,790		67,902	[2]
CFC | Statewide and associate | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	129,550	[2],[3]	105,961	[2],[3]
RTFC
Loans outstanding
Total loans outstanding	401,763		449,546	[2]
RTFC | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	291,600	[2],[3]	304,500	[2],[3]
NCSC
Loans outstanding
Total loans outstanding	715,489		827,949	[2]
NCSC | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	1,015,249	[2],[3]	944,879	[2],[3]
Long-term fixed-rate loans
Loans outstanding
Total loans outstanding	19,134,858	[2]	18,175,656	[2]
Long-term variable-rate loans
Loans outstanding
Total loans outstanding	732,721	[2]	753,918	[2]
Long-term variable-rate loans | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	4,557,074	[2],[3]	4,710,273	[2],[3]
Loans guaranteed by RUS
Loans outstanding
Total loans outstanding	180,622	[2]	201,863	[2]
Line of credit loans
Loans outstanding
Total loans outstanding	1,154,198	[2]	1,335,488	[2]
Line of credit loans | Unadvanced commitments
Unadvanced commitments
Total Unadvanced commitments	$9,345,935	[2],[3]	$9,201,805	[2],[3]
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.
[3]	The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.

Loans_and_Commitments_Details_

Loans and Commitments (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Feb. 28, 2015		Feb. 28, 2014	Feb. 28, 2015		31-May-14
Notional maturities of committed lines of credit
Loans Receivable Cost of Loans Sold	$25,000,000		$106,000,000
Unadvanced commitments
Notional maturities of committed lines of credit
Total unadvanced commitments	13,903,009,000	[1],[2],[3]		13,903,009,000	[1],[2],[3]	13,912,078,000	[1],[2],[3]
Maximum period of commitments to fully fund agreements which have not yet been advanced				5 years
Unadvanced commitments not subject to material adverse change clauses
Notional maturities of committed lines of credit
2015	0			0
2016	74,654,000			74,654,000
2017	416,930,000			416,930,000
2018	796,526,000			796,526,000
2019	1,141,719,000			1,141,719,000
Thereafter	356,003,000			356,003,000
Total unadvanced commitments	2,785,832,000			2,785,832,000		2,274,000,000
Maximum period of commitments to fully fund agreements which have not yet been advanced				5 years
Unadvanced commitments subject to material adverse change clauses
Notional maturities of committed lines of credit
Total unadvanced commitments	$11,117,000,000			$11,117,000,000		$11,638,000,000
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.
[3]	The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.

Loans_and_Commitments_Details_1

Loans and Commitments (Details 3) (USD $)	Feb. 28, 2015		31-May-14		Feb. 28, 2014
In Thousands, unless otherwise specified
Payment Status of Loans
Current	$21,202,107		$20,466,925
30-89 days past due	99		0
90 days or more past due	193	[1]	0	[1]
Total past due	292		0
Total recorded investment in loans	21,202,399	[2],[3]	20,466,925	[2],[3]	20,635,333
Non-accrual loans	8,878		9,679
As a % of total loans
Current (percent)	100.00%		100.00%
30-89 days past due (percent)	0.00%		0.00%
90 days or more past due (percent)	0.00%	[1]	0.00%	[1]
Total past due (percent)	0.00%		0.00%
Total financing receivables (percent)	100.00%		100.00%
Non-accrual loans (percent)	0.05%		0.05%
CFC
Payment Status of Loans
Current	20,085,147		19,189,430
30-89 days past due	0		0
90 days or more past due	0	[1]	0	[1]
Total past due	0		0
Total recorded investment in loans	20,085,147	[3]	19,189,430	[3]
Non-accrual loans	7,221		7,584
CFC | Distribution
Payment Status of Loans
Current	15,774,955		15,035,365
30-89 days past due	0		0
90 days or more past due	0	[1]
Total past due	0		0
Total recorded investment in loans	15,774,955		15,035,365	[3]
Non-accrual loans	7,221		7,584
CFC | Power supply
Payment Status of Loans
Current	4,248,402		4,086,163
90 days or more past due	0	[1]	0	[1]
Total past due	0		0
Total recorded investment in loans	4,248,402		4,086,163	[3]
Non-accrual loans	0		0
CFC | Statewide and associate
Payment Status of Loans
Current	61,790		67,902
Total recorded investment in loans	61,790		67,902	[3]
RTFC
Payment Status of Loans
Current	401,471		449,546
30-89 days past due	99		0
90 days or more past due	193	[1]	0	[1]
Total past due	292		0
Total recorded investment in loans	401,763		449,546	[3]
Non-accrual loans	1,349		1,695
NCSC
Payment Status of Loans
Current	715,489		827,949
Total recorded investment in loans	715,489		827,949	[3]
Non-accrual loans	$308		$400
[1]	All loans 90 days or more past due are on nonaccrual status.
[2]	Represents the unpaid principal balance excluding deferred loan origination costs.
[3]	Includes nonperforming and restructured loans.

Loans_and_Commitments_Details_2

Loans and Commitments (Details 4) (USD $)	Feb. 28, 2015		31-May-14		Feb. 28, 2014
In Thousands, unless otherwise specified
Credit Quality
Total loans outstanding	$21,202,399	[1],[2]	$20,466,925	[1],[2]	$20,635,333
CFC
Credit Quality
Total loans outstanding	20,085,147	[2]	19,189,430	[2]
CFC | Distribution
Credit Quality
Total loans outstanding	15,774,955		15,035,365	[2]
CFC | Power supply
Credit Quality
Total loans outstanding	4,248,402		4,086,163	[2]
CFC | Statewide and associate
Credit Quality
Total loans outstanding	61,790		67,902	[2]
RTFC
Credit Quality
Total loans outstanding	401,763		449,546	[2]
NCSC
Credit Quality
Total loans outstanding	715,489		827,949	[2]
Pass
Credit Quality
Total loans outstanding	21,167,378		20,446,017
Pass | CFC
Credit Quality
Total loans outstanding	20,053,455		19,172,430
Pass | CFC | Distribution
Credit Quality
Total loans outstanding	15,743,532		15,018,642
Pass | CFC | Power supply
Credit Quality
Total loans outstanding	4,248,402		4,086,163
Pass | CFC | Statewide and associate
Credit Quality
Total loans outstanding	61,521		67,625
Pass | RTFC
Credit Quality
Total loans outstanding	400,414		447,851
Pass | NCSC
Credit Quality
Total loans outstanding	713,509		825,736
Criticized
Credit Quality
Total loans outstanding	35,021		20,908
Criticized | CFC
Credit Quality
Total loans outstanding	31,692		17,000
Criticized | CFC | Distribution
Credit Quality
Total loans outstanding	31,423		16,723
Criticized | CFC | Power supply
Credit Quality
Total loans outstanding	0		0
Criticized | CFC | Statewide and associate
Credit Quality
Total loans outstanding	269		277
Criticized | RTFC
Credit Quality
Total loans outstanding	1,349		1,695
Criticized | NCSC
Credit Quality
Total loans outstanding	$1,980		$2,213
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.

Loans_and_Commitments_Details_3

Loans and Commitments (Details 8) (USD $)	Feb. 28, 2015		31-May-14		Feb. 28, 2014
In Thousands, unless otherwise specified
Loan Security
Total loans outstanding	$21,202,399	[1],[2]	$20,466,925	[1],[2]	$20,635,333
Loans receivable as a percentage of total loan (percent)	100.00%		100.00%
CFC
Loan Security
Total loans outstanding	20,085,147	[2]	19,189,430	[2]
RTFC
Loan Security
Total loans outstanding	401,763		449,546	[2]
NCSC
Loan Security
Total loans outstanding	715,489		827,949	[2]
Secured
Loan Security
Total loans outstanding	19,043,486		18,348,633
Loans receivable as a percentage of total loan (percent)	90.00%		90.00%
Secured | CFC
Loan Security
Total loans outstanding	18,243,074		17,313,990
Loans receivable as a percentage of total loan (percent)	91.00%		90.00%
Secured | RTFC
Loan Security
Total loans outstanding	386,759		429,626
Loans receivable as a percentage of total loan (percent)	96.00%		96.00%
Secured | NCSC
Loan Security
Total loans outstanding	413,653		605,017
Loans receivable as a percentage of total loan (percent)	58.00%		73.00%
Unsecured
Loan Security
Total loans outstanding	2,158,913		2,118,292
Loans receivable as a percentage of total loan (percent)	10.00%		10.00%
Unsecured | CFC
Loan Security
Total loans outstanding	1,842,073		1,875,440
Loans receivable as a percentage of total loan (percent)	9.00%		10.00%
Unsecured | RTFC
Loan Security
Total loans outstanding	15,004		19,920
Loans receivable as a percentage of total loan (percent)	4.00%		4.00%
Unsecured | NCSC
Loan Security
Total loans outstanding	301,836		222,932
Loans receivable as a percentage of total loan (percent)	42.00%		27.00%
Long-term fixed-rate loans
Loan Security
Total loans outstanding	19,134,858	[2]	18,175,656	[2]
Long-term fixed-rate loans | Secured
Loan Security
Total loans outstanding	18,080,960		17,185,456
Loans receivable as a percentage of total loan (percent)	94.00%		95.00%
Long-term fixed-rate loans | Unsecured
Loan Security
Total loans outstanding	1,053,898		990,200
Loans receivable as a percentage of total loan (percent)	6.00%		5.00%
Long-term variable-rate loans
Loan Security
Total loans outstanding	732,721	[2]	753,918	[2]
Long-term variable-rate loans | Secured
Loan Security
Total loans outstanding	663,655		650,211
Loans receivable as a percentage of total loan (percent)	91.00%		86.00%
Long-term variable-rate loans | Unsecured
Loan Security
Total loans outstanding	69,066		103,707
Loans receivable as a percentage of total loan (percent)	9.00%		14.00%
Loans guaranteed by RUS
Loan Security
Total loans outstanding	180,622	[2]	201,863	[2]
Loans guaranteed by RUS | Secured
Loan Security
Total loans outstanding	180,622		201,863
Loans receivable as a percentage of total loan (percent)	100.00%		100.00%
Line of credit loans
Loan Security
Total loans outstanding	1,154,198	[2]	1,335,488	[2]
Line of credit loans | Secured
Loan Security
Total loans outstanding	118,249		311,103
Loans receivable as a percentage of total loan (percent)	10.00%		23.00%
Line of credit loans | Unsecured
Loan Security
Total loans outstanding	$1,035,949		$1,024,385
Loans receivable as a percentage of total loan (percent)	90.00%		77.00%
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.

Loans_and_Commitments_Details_4

Loans and Commitments (Details 9) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015		Feb. 28, 2014		Feb. 28, 2015		Feb. 28, 2014		Aug. 31, 2014		31-May-14		Aug. 31, 2013
Activity in the loan loss allowance
Balance at the beginning of the period					$56,429		$54,325		$50,757				$55,199
(Recovery of) provision for loan losses	2,304		787		-3,475		3,161
Allowance for Loan and Lease Losses, Write-offs							-1,606
Recoveries of loans previously charged-off	53		54		160		160
Balance at the end of the period	53,114		56,040		53,114		56,040		50,757				55,199
Ending balance of the allowance:
Collectively evaluated	51,765				51,765						56,003
Individually evaluated	1,349				1,349						426
Total ending balance of the allowance	53,114		56,040		53,114		56,040		50,757				55,199
Recorded investment in loans:
Collectively evaluated	21,193,521				21,193,521						20,457,246
Individually evaluated	8,878				8,878						9,679
Total recorded investment in loans	21,202,399	[1],[2]	20,635,333		21,202,399	[1],[2]	20,635,333				20,466,925	[1],[2]
Loans to members, net	21,149,285	[3]			21,149,285	[3]					20,410,496	[3]
Deferred origination costs	9,693	[2]	9,731		9,693	[2]	9,731				9,717	[2]
CFC
Activity in the loan loss allowance
Balance at the beginning of the period					45,600		41,246		41,185				42,762
(Recovery of) provision for loan losses	2,366		1,543		-2,156		2,953
Allowance for Loan and Lease Losses, Write-offs							0
Recoveries of loans previously charged-off	53		54		160		160
Balance at the end of the period	43,604		44,359		43,604		44,359		41,185				42,762
Ending balance of the allowance:
Collectively evaluated	43,604				43,604						45,600
Individually evaluated											0
Total ending balance of the allowance	43,604		44,359		43,604		44,359		41,185				42,762
Recorded investment in loans:
Collectively evaluated	20,077,926				20,077,926						19,181,846
Individually evaluated	7,221				7,221						7,584
Total recorded investment in loans	20,085,147	[2]			20,085,147	[2]					19,189,430	[2]
Loans to members, net	20,041,543	[3]			20,041,543	[3]					19,143,830	[3]
NCSC
Activity in the loan loss allowance
Balance at the beginning of the period					6,547		3,921	[4]	4,545	[4]			4,578	[4]
(Recovery of) provision for loan losses	131	[4]	1,694	[4]	-1,871		2,351
Allowance for Loan and Lease Losses, Write-offs							0
Balance at the end of the period	4,676	[4]	6,272	[4]	4,676	[4]	6,272	[4]	4,545	[4]			4,578	[4]
Ending balance of the allowance:
Collectively evaluated	4,676				4,676						6,527
Individually evaluated	0				0						20
Total ending balance of the allowance	4,676	[4]	6,272	[4]	4,676	[4]	6,272	[4]	4,545	[4]			4,578	[4]
Recorded investment in loans:
Collectively evaluated	715,181				715,181						827,549
Individually evaluated	308				308						400
Total recorded investment in loans	715,489				715,489						827,949	[2]
Loans to members, net	710,813	[3]			710,813	[3]					821,402	[3]
RTFC
Activity in the loan loss allowance
Balance at the beginning of the period					4,282		9,158	[4]	5,027	[4]			7,859	[4]
(Recovery of) provision for loan losses	-193	[4]	-2,450	[4]	552		-2,143
Allowance for Loan and Lease Losses, Write-offs							-1,606
Balance at the end of the period	4,834	[4]	5,409	[4]	4,834	[4]	5,409	[4]	5,027	[4]			7,859	[4]
Ending balance of the allowance:
Collectively evaluated	3,485				3,485						3,876
Individually evaluated	1,349				1,349						406
Total ending balance of the allowance	4,834	[4]	5,409	[4]	4,834	[4]	5,409	[4]	5,027	[4]			7,859	[4]
Recorded investment in loans:
Collectively evaluated	400,414				400,414						447,851
Individually evaluated	1,349				1,349						1,695
Total recorded investment in loans	401,763				401,763						449,546	[2]
Loans to members, net	$396,929	[3]			$396,929	[3]					$445,264	[3]
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.
[3]	Excludes deferred origination costs of $10 million as of February 28, 2015 and May 31, 2014
[4]	{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjc1YzI1ZjkwYzJjMDRiYTg4MjQ1YjJhNmI1YjkwMTYzfFRleHRTZWxlY3Rpb246NTk1NkUxMUJFMTc2QUZCMzcwRTY0QjhFMTE5MkIwMkQM}

Loans_and_Commitments_Details_5

Loans and Commitments (Details 10) (USD $)	3 Months Ended			9 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015		Feb. 28, 2014	Feb. 28, 2015		Feb. 28, 2014	31-May-14
Recorded investment in individually-impaired loans and the related specific valuation allowance
With no specific allowance recorded	$7,529			$7,529			$7,584
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,349			1,349			2,095
Total impaired loans	8,878			8,878			9,679
Related allowance	1,349			1,349			426
Average recorded investment
Total impaired loans	9,113		18,565	9,332		24,825
Interest income recognized
Interest impaired loans	0		0	10		136
Interest income reduction as a result of holding loans on non-accrual status
Interest income reduced	155		242	470		807
Loans receivable as a percentage of total loan (percent)	100.00%			100.00%			100.00%
Total loans outstanding	21,202,399	[1],[2]	20,635,333	21,202,399	[1],[2]	20,635,333	20,466,925	[1],[2]
Non-performing loans
Recorded investment in individually-impaired loans and the related specific valuation allowance
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,349			1,349			2,095
Interest income reduction as a result of holding loans on non-accrual status
Interest income reduced	23		120	74		440
Loans receivable as a percentage of total loan (percent)	0.01%			0.01%			0.01%
Financing Receivable Impaired Number of Borrowers in Bankruptcy (number)	1			1
Total loans outstanding							2,000
Restructured loans
Interest income recognized
Interest impaired loans				0
Interest income reduction as a result of holding loans on non-accrual status
Loans receivable as a percentage of total loan (percent)	0.04%			0.04%			0.04%
Total loans outstanding	8,000			8,000			8,000
Restructured Financing Receivable [Member]
Interest income reduction as a result of holding loans on non-accrual status
Interest income reduced	132		122	396		367
CFC
Interest income reduction as a result of holding loans on non-accrual status
Total loans outstanding	20,085,147	[2]		20,085,147	[2]		19,189,430	[2]
CFC | Distribution
Recorded investment in individually-impaired loans and the related specific valuation allowance
With no specific allowance recorded	7,221			7,221			7,584
Average recorded investment
Total impaired loans	7,221		7,584	7,342		11,939
Interest income recognized
Interest impaired loans	0		0	0		136
Interest income reduction as a result of holding loans on non-accrual status
Total loans outstanding	15,774,955			15,774,955			15,035,365	[2]
CFC | Power supply
Average recorded investment
Total impaired loans	0		5,000	0		5,000
Interest income recognized
Interest impaired loans	0		0	0
Interest income reduction as a result of holding loans on non-accrual status
Total loans outstanding	4,248,402			4,248,402			4,086,163	[2]
NCSC
Recorded investment in individually-impaired loans and the related specific valuation allowance
With no specific allowance recorded	308			308			0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0			0			400
Related allowance	0			0			20
Average recorded investment
Total impaired loans	312		454	334			151
Interest income recognized
Interest impaired loans	0		0
Interest income reduction as a result of holding loans on non-accrual status
Total loans outstanding	715,489			715,489			827,949	[2]
RTFC
Recorded investment in individually-impaired loans and the related specific valuation allowance
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,349			1,349			1,695
Related allowance	1,349			1,349			406
Average recorded investment
Total impaired loans	1,580		5,527	1,656		7,735
Interest income recognized
Interest impaired loans	0		0	0
Interest income reduction as a result of holding loans on non-accrual status
Total loans outstanding	401,763			401,763			449,546	[2]
Maximum | Restructured loans
Interest income recognized
Interest impaired loans	$1,000		$1,000	$1,000		$1,000
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.

Loans_and_Commitments_Details_6

Loans and Commitments (Details 11) (USD $)	Feb. 28, 2015	31-May-14
In Thousands, unless otherwise specified
Financing Receivable, Modifications [Line Items]
Loans outstanding	$1,349	$2,095
Loans outstanding	7,529	7,584
Unadvanced commitments		0	[1]
Non-performing loans
Financing Receivable, Modifications [Line Items]
Loans outstanding	1,349	2,095
CFC | Long-term fixed-rate loans
Financing Receivable, Modifications [Line Items]
Loans outstanding	7,221	7,584
RTFC
Financing Receivable, Modifications [Line Items]
Loans outstanding	1,349	1,695
RTFC | Long-term variable-rate loans | Non-performing loans
Financing Receivable, Modifications [Line Items]
Loans outstanding	1,349	1,695
NCSC
Financing Receivable, Modifications [Line Items]
Loans outstanding	0	400
NCSC | Line of credit loans
Financing Receivable, Modifications [Line Items]
Loans outstanding	308
NCSC | Line of credit loans | Non-performing loans
Financing Receivable, Modifications [Line Items]
Loans outstanding	$0	$400
[1]	The interest rate on unadvanced commitments is not set until drawn; therefore, the long-term unadvanced loan commitments have been classified in this table as variable-rate unadvanced commitments. However, at the time of the advance, the borrower may select a fixed or a variable rate on the new loan.

Loans_and_Commitments_Details_7

Loans and Commitments (Details 12) (USD $)	Feb. 28, 2015	31-May-14
In Thousands, unless otherwise specified
Pledging of Loans and Loans on Deposit
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$1,349	$2,095
Cash	35	520
Loans and Leases Receivable Commercial, Net of Deferred Income, Percentage	100.00%	100.00%
Collateral trust bonds 2007 indenture
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	7,277,143	6,149,139
Debt outstanding	6,197,711	5,397,711
Collateral trust bonds 1994 indenture
Pledging of Loans and Loans on Deposit
Debt outstanding	855,000	860,000
Notes payable | Federal Agricultural Mortgage Corporation
Pledging of Loans and Loans on Deposit
Debt outstanding	1,919,912	1,667,505
Notes payable | Federal Financing Bank
Pledging of Loans and Loans on Deposit
Debt outstanding	4,412,036	4,299,000
Clean Renewable Energy Bonds Series 2009A
Pledging of Loans and Loans on Deposit
Debt outstanding	16,529	18,230
Cash	35	520
Total pledged collateral	19,829	21,918
Mortgage notes | Distribution system mortgage notes | Collateral trust bonds 2007 indenture
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	7,119,277	5,987,767
Mortgage notes | Distribution system mortgage notes | Collateral trust bonds 1994 indenture
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	926,734	1,005,058
Mortgage notes | Distribution and power supply system mortgage notes | Federal Agricultural Mortgage Corporation
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	2,214,073	1,907,607
Mortgage notes | Distribution and power supply system mortgage notes | Clean Renewable Energy Bonds Series 2009A
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	19,794	21,398
RUS guaranteed loans qualifying as permitted investments | Collateral trust bonds 2007 indenture
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	157,866	161,372
Mortgage notes receivable on deposit | Distribution and power supply system mortgage notes | Federal Financing Bank
Pledging of Loans and Loans on Deposit
Loans outstanding and pledged as collateral	5,028,500	5,076,428
Nonperforming Financing Receivable [Member]
Pledging of Loans and Loans on Deposit
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$1,349	$2,095
Loans and Leases Receivable Commercial, Net of Deferred Income, Percentage	0.01%	0.01%

Foreclosed_Assets_Details

Foreclosed Assets (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended		38 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014	31-May-14	31-May-12	31-May-14	Mar. 31, 2011
Activity for foreclosed assets
Beginning balance			$245,651,000
Results of operations of foreclosed assets	-1,369,000	-1,164,000	-33,059,000	-8,482,000
Ending balance	207,154,000		207,154,000
Assets	22,648,921,000	23,107,329,000	22,648,921,000	23,107,329,000	22,232,743,000		22,232,743,000
Liabilities	21,764,417,000		21,764,417,000		21,262,369,000		21,262,369,000
CAH
Activity for foreclosed assets
Results of operations							44,000,000
Goodwill and Intangible Asset Impairment					-1,000,000	-45,000,000	-46,000,000
Subsequent investment in subsidiary							75,000,000
Assets	262,000,000		262,000,000		295,000,000		295,000,000
Liabilities	241,000,000		241,000,000		236,000,000		236,000,000
Net equity	21,000,000		21,000,000		59,000,000		59,000,000
Loans and Interest Payable	185,000,000		185,000,000		180,000,000		180,000,000
Foreclosed Assets
Activity for foreclosed assets
Beginning balance			245,651,000
Results of operations			-6,056,000
Goodwill and Intangible Asset Impairment			-27,003,000
Results of operations of foreclosed assets			-33,059,000
Net cash investments			-5,438,000
Ending balance	207,154,000		207,154,000
Foreclosed Assets | CAH
Activity for foreclosed assets
Beginning balance			239,119,000					254,000,000
Results of operations			-6,296,000
Goodwill and Intangible Asset Impairment			-27,003,000
Results of operations of foreclosed assets			-33,299,000
Net cash investments			1,062,000
Ending balance	206,882,000		206,882,000					254,000,000
Foreclosed Assets | DRP
Activity for foreclosed assets
Beginning balance			6,532,000
Results of operations			240,000
Goodwill and Intangible Asset Impairment			0
Results of operations of foreclosed assets			240,000
Net cash investments			-6,500,000
Ending balance	272,000		272,000
Proceeds from sale of interest in bond reimbursement receivables			6,000,000
Maximum | Foreclosed Assets | DRP
Activity for foreclosed assets
Results of operations				$1,000,000

ShortTerm_Debt_and_Credit_Arra2

Short-Term Debt and Credit Arrangements - Short-Term Debt Table (Details) (USD $)	Feb. 28, 2015		31-May-14
Short-Term Debt Outstanding
Short-term debt	$3,213,860,000		$4,099,331,000
Long-term Debt, Reclassified from Short-term			1,300,000,000
Short-term debt
Short-Term Debt Outstanding
Short-term debt	3,213,860,000		4,099,331,000
Short-term debt | Commercial paper sold through dealers, net of discounts
Short-Term Debt Outstanding
Short-term debt	1,184,951,000	[1]	1,973,557,000	[1]
Short-term debt | Commercial paper sold directly to members, at par
Short-Term Debt Outstanding
Short-term debt	778,909,000	[1]	858,389,000	[1]
Short-term debt | Select notes
Short-Term Debt Outstanding
Short-term debt	569,405,000		548,610,000
Short-term debt | Daily liquidity fund notes
Short-Term Debt Outstanding
Short-term debt	451,435,000		486,501,000
Short-term debt | Bank bid notes
Short-Term Debt Outstanding
Short-term debt	0		20,000,000
Short-term debt | Medium Term Notes Sold to Members
Short-Term Debt Outstanding
Short-term debt	$229,160,000		$212,274,000
[1]	Backup liquidity is provided by our revolving credit agreements.(2) Includes commercial paper sold directly to associates and affiliates.

ShortTerm_Debt_and_Credit_Arra3

Short-Term Debt and Credit Arrangements (Details 2) (USD $)	9 Months Ended		12 Months Ended		3 Months Ended
	Feb. 28, 2015		31-May-14		Feb. 28, 2015		Oct. 28, 2014
Requirement
Minimum average adjusted TIER over the six most recent fiscal quarters (ratio)	1.025	[1]	1.025	[1]
Minimum adjusted TIER for the most recent fiscal year (ratio)	1.05	[1],[2]	1.05	[1],[2]
Maximum ratio of adjusted senior debt to total equity (ratio)	10	[1]	10	[1]
Actual
Minimum average adjusted TIER over the six most recent fiscal quarters (ratio)	1.25	[1]	1.28	[1]
Minimum adjusted TIER for the most recent fiscal year (ratio)	1.23	[1],[2]	1.23	[1],[2]
Maximum ratio of adjusted senior debt to total equity (ratio)	5.92	[1]	5.79	[1]
Borrowings outstandings under revised agreements	$3,213,860,000		$4,099,331,000		$3,213,860,000
Revolving credit agreements
Revolving Credit Agreements
Maximum borrowing capacity	3,420,000,000		3,226,000,000		3,420,000,000
Maximum borrowing capacity	150,000,000		100,000,000		150,000,000
Total available	3,417,964,000		3,224,109,000		3,417,964,000
Letters of credit outstanding	2,036,000		1,891,000		2,036,000
Actual
Borrowings outstandings under revised agreements	0		0		0
Revolving credit agreements | Three-year agreement maturing on October 28, 2016
Revolving Credit Agreements
Maximum borrowing capacity			1,036,000,000
Total available	0		1,036,000,000		0
Line of Credit Facility Commitment Fee Percentage (percent)			0.10%	[3]	0.10%	[3]
Revolving credit agreements | Four-year agreement maturing on October 28, 2017
Revolving Credit Agreements
Maximum borrowing capacity			1,123,000,000				1,720,000,000
Total available	1,719,855,000		1,122,500,000		1,719,855,000
Letters of credit outstanding	145,000				145,000
Line of Credit Facility Commitment Fee Percentage (percent)			0.10%	[3]	0.08%	[3]
Revolving credit agreements | Five-year agreement maturing on October 28, 2018
Revolving Credit Agreements
Maximum borrowing capacity			1,068,000,000				1,700,000,000
Total available	1,698,109,000		1,065,609,000		1,698,109,000
Letters of credit outstanding	$1,891,000		$1,891,000		$1,891,000
Line of Credit Facility Commitment Fee Percentage (percent)			0.10%	[3]	0.10%	[3]
[1]	In addition to the adjustments made to the leverage ratio set forth in “Item 7. MD&A—Non-GAAP Financial Measures,” senior debt excludes guarantees to member systems that have certain investment-grade ratings by Moody’s Investors Service (“Moody's”) and Standard & Poor’s Corporation (“S&P”). The TIER and debt-to-equity calculations include the adjustments set forth in “Item 7. MD&A—Non-GAAP Financial Measures” and exclude the results of operations and other comprehensive income for CAH.
[2]	We must meet this requirement to retire patronage capital.
[3]	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.

LongTerm_Debt_LongTerm_Debt_Ta

Long-Term Debt - Long-Term Debt Table (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014	31-May-14
Long-term debt
Gains (Losses) on Extinguishment of Debt	($703)	($1,452)	($703)	($1,452)
Long-term debt	15,861,011		15,861,011		14,513,284
Long-Term Debt, excluding subordinated debt
Long-term debt
Long-term debt	15,861,011		15,861,011		14,513,284
Unsecured long-term debt
Long-term debt
Total long-term debt	7,145,050		7,145,050		6,847,334
Unsecured medium-term notes
Long-term debt
Long-term debt before unamortized discount	2,700,917		2,700,917		2,514,447
Unamortized discount	-410		-410		-418
Total long-term debt	2,700,507		2,700,507		2,514,029
Medium-term notes sold through dealers
Long-term debt
Long-term debt before unamortized discount	2,310,961		2,310,961		2,228,459
Medium Term Notes Sold to Members
Long-term debt
Long-term debt before unamortized discount	389,956		389,956		285,988
Unsecured notes payable
Long-term debt
Long-term debt before unamortized discount	4,445,203		4,445,203		4,334,075
Unamortized discount	-660		-660		-770
Total long-term debt	4,444,543		4,444,543		4,333,305
Secured long-term debt
Long-term debt
Total long-term debt	8,715,961		8,715,961		7,665,950
Collateral trust bonds
Long-term debt
Long-term debt before unamortized discount	7,052,711		7,052,711		6,257,711
Unamortized discount	-273,191		-273,191		-277,496
Total long-term debt	6,779,520		6,779,520		5,980,215
Secured notes payable
Long-term debt
Total long-term debt	1,936,441		1,936,441		1,685,735
Guaranteed Underwriter Program Notes Payable
Long-term debt
Long-term debt before unamortized discount	4,412,036		4,412,036		4,299,000
Other Unsecured Notes Payable
Long-term debt
Long-term debt before unamortized discount	33,167		33,167		35,075
Federal Agricultural Mortgage Corporation Notes Payable
Long-term debt
Long-term debt before unamortized discount	1,919,912		1,919,912		1,667,505
Other Secured Notes Payable
Long-term debt
Long-term debt before unamortized discount	16,529		16,529		18,230
Collateral Trust Bonds 1.00 Percent Due 2015 [Member] | Bonds [Member]
Long-term debt
Gains (Losses) on Extinguishment of Debt			$1,000

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	9 Months Ended	1 Months Ended	0 Months Ended
	Feb. 28, 2015	Oct. 31, 2014	Nov. 18, 2014	31-May-14	Jan. 08, 2015
Unsecured notes payable
Long-term debt
Long-term debt before unamortized discount	4,445,203,000			$4,334,075,000
Unsecured notes payable | RUS
Long-term debt
Debt Instrument Fee (percent)	0.30%
Unsecured notes payable | Federal Financing Bank
Long-term debt
Proceeds from borrowings under purchase agreement		124,000,000
Unsecured notes payable | Federal Financing Bank | RUS
Long-term debt
Long-term debt before unamortized discount	4,412,000,000			4,299,000,000
Committed loan facilities | Federal Financing Bank
Long-term debt
Debt Instrument, Unused Borrowing Capacity, Additional Amount			250,000,000
Maturity period (duration)			20 years
Committed loan facilities | Federal Financing Bank | Maximum
Long-term debt
Available under committed loan facilities	750,000,000
Secured notes payable | Federal Agricultural Mortgage Corporation
Long-term debt
Long-term debt before unamortized discount	1,920,000,000			1,668,000,000
Debt Instrument, Unused Borrowing Capacity, Additional Amount					600,000,000
Maximum borrowing capacity	4,500,000,000			3,900,000,000	4,500,000,000
Proceeds from borrowings under purchase agreement		480,000,000
Collateral Trust Bonds, 2.43% Due 2019-2025[Member] | Bonds [Member]
Long-term debt
Collateral bonds issued	1,200,000,000
Stated rate on collateral bonds issued (percent)	2.43%
Collateral Trust Bonds 1.00 Percent Due 2015 [Member] | Bonds [Member]
Long-term debt
Collateral bonds issued	400,000,000
Stated rate on collateral bonds issued (percent)	1.00%

Subordinated_Deferrable_Debt_D

Subordinated Deferrable Debt (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	31-May-14
Subordinated Deferrable Debt
Subordinated deferrable debt	$400,000	$400,000
4.75 percent due 2043
Subordinated Deferrable Debt
Interest rate (as a percent)	4.75%	4.75%
Subordinated deferrable debt	$400,000	$400,000

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014	31-May-14
Derivative Financial Instruments
Notional amount	$8,860,439,000		$8,860,439,000		$8,446,809,000
Notional balance of derivative assets	3,108,030,000		3,108,030,000		3,817,593,000
Notional balance of derivative liabilities	5,752,409,000		5,752,409,000		4,629,216,000
Derivative assets	113,231,000		113,231,000		209,759,000
Derivative liabilities	-451,938,000		-451,938,000		-388,208,000
Total fair value	-338,707,000		-338,707,000		-178,449,000
Derivative forward value			-159,832,000	98,925,000
Derivative gains (losses)	-98,770,000	-31,623,000	-223,209,000	43,981,000
Notional amount	8,860,439,000		8,860,439,000		8,446,809,000
Interest rate swaps
Derivative Financial Instruments
Notional amount	8,860,439,000		8,860,439,000		8,446,809,000
Weighted-average rate paid (as a percent)			2.32%		2.41%
Weighted-average rate received (as a percent)			1.44%		1.48%
Gross amounts of recognized assets/liabilities	113,231,000		113,231,000		209,759,000
Gross amount of derivative asset offset	0		0		0
Net amount of derivative asset presented on the balance sheet	113,231,000		113,231,000		209,759,000
Gross amount of derivative asset's pledged securities not offset	113,231,000		113,231,000		169,700,000
Gross amount of derivative asset's pledged cash not offset	0		0		0
Net amount of derivative asset	0		0		40,059,000
Gross amounts of recognized assets/liabilities	451,938,000		451,938,000		388,208,000
Gross amount offset against derivative liability	0		0		0
Net amount of derivative liabilities presented on the balance sheet	451,938,000		451,938,000		388,208,000
Gross amount of derivative liability's right to reclaim securities not offset	113,231,000		113,231,000		169,700,000
Gross amount of derivative liability's right to reclaim cash not offset	0		0		0
Net amount of derivative liabilities	338,707,000		338,707,000		218,508,000
Derivative cash settlements	-21,512,000	-18,788,000	-63,377,000	-54,944,000
Derivative forward value	-77,258,000	-12,835,000	-159,832,000	98,925,000
Derivative gains (losses)	-98,770,000	-31,623,000	-223,209,000	43,981,000
Notional amount	8,860,439,000		8,860,439,000		8,446,809,000
Aggregate fair value of interest rate swaps with rating triggers that were in net liability position	251,000,000		251,000,000
Interest rate swaps | Counterparty Group
Derivative Financial Instruments
Notional amount	6,869,637,000		6,869,637,000
Notional amount	6,869,637,000		6,869,637,000
Entity's required payment	-254,164,000		-254,164,000
Entity's amount collected	0		0
Entity's net payment	-254,164,000		-254,164,000
Pay-fixed swaps
Derivative Financial Instruments
Notional amount	5,511,439,000		5,511,439,000		5,322,809,000
Weighted-average rate paid (as a percent)			3.21%		3.33%
Weighted-average rate received (as a percent)			0.25%		0.21%
Notional amount	5,511,439,000		5,511,439,000		5,322,809,000
Receive-fixed swaps
Derivative Financial Instruments
Notional amount	3,349,000,000		3,349,000,000		3,124,000,000
Weighted-average rate paid (as a percent)			0.85%		0.85%
Weighted-average rate received (as a percent)			3.41%		3.62%
Notional amount	3,349,000,000		3,349,000,000		3,124,000,000
Baa1 | Interest rate swaps | Counterparty Group | Mutual rating trigger falls to
Derivative Financial Instruments
Notional amount	4,428,784,000		4,428,784,000
Notional amount	4,428,784,000		4,428,784,000
Entity's required payment	-213,122,000		-213,122,000
Entity's amount collected	0		0
Entity's net payment	-213,122,000		-213,122,000
Moodys Baa 3 Rating Standard Poor's BBB- Plus Rating [Member] [Domain] | Interest rate swaps | Counterparty Group | Mutual rating trigger falls to
Derivative Financial Instruments
Notional amount	594,131,000		594,131,000
Notional amount	594,131,000		594,131,000
Entity's required payment	-22,509,000		-22,509,000
Entity's amount collected	0		0
Entity's net payment	-22,509,000		-22,509,000
Moodys Baa 3 Rating Standard Poor's BBB- Plus Rating [Member] [Domain] | Interest rate swaps | Counterparty Group | Mutual rating trigger falls below
Derivative Financial Instruments
Notional amount	1,796,722,000		1,796,722,000
Notional amount	1,796,722,000		1,796,722,000
Entity's required payment	-18,108,000		-18,108,000
Entity's amount collected	0		0
Entity's net payment	-18,108,000		-18,108,000
Moodys Ba3 Rating Standard Poor's BB Rating [Member] [Domain] [Domain] | Interest rate swaps | Counterparty Group | Mutual rating trigger falls to
Derivative Financial Instruments
Notional amount	50,000,000		50,000,000
Notional amount	50,000,000		50,000,000
Entity's required payment	-425,000		-425,000
Entity's net payment	($425,000)		($425,000)

Equity_Details

Equity (Details) (USD $)	9 Months Ended		1 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	31-May-14	Jul. 31, 2014
Equity
Retirement/allocation of net earnings authorized	($39,662,000)	($40,724,000)
Patronage Capital Allocated
Equity
Retirement/allocation of net earnings authorized	-39,662,000	-40,724,000
CFC | Cooperative educational fund | Authorized Allocations
Equity
Allocation of net earnings			1,000,000
CFC | Patronage Capital Allocated | Authorized Allocations
Equity
Allocation of net earnings				79,000,000
Retirement/allocation of net earnings authorized				-40,000,000
Retirement of allocated net earnings (percentage)				50.00%
CFC | Members’ Capital Reserve
Equity
Allocation of net earnings				$75,000,000

Guarantees_Details

Guarantees (Details) (USD $)	9 Months Ended
	Feb. 28, 2015	31-May-14
Guarantees
Guarantee Liability Recorded	$22,000,000	$22,000,000
Guaranty Liabilities Contingent	3,000,000	2,000,000
Total	987,833,000	1,064,822,000
Amount of unsecured guarantees	419,000,000	418,000,000
Unsecured guarantees as a percentage of total guarantees (percent)	42.00%	39.00%
Long-term variable-rate bonds
Guarantees
Value of bonds issued under liquidity provider obligations	495,000,000
CFC
Guarantees
Total	922,884,000	997,187,000
CFC | Distribution
Guarantees
Total	175,012,000	165,559,000
CFC | Power supply
Guarantees
Total	730,851,000	826,231,000
CFC | Statewide and associate
Guarantees
Total	17,021,000	5,397,000
RTFC
Guarantees
Total	2,465,000	2,304,000
NCSC
Guarantees
Total	62,484,000	65,331,000
Financial guarantees | Long-term tax-exempt bonds
Guarantees
Total	490,380,000	518,360,000
Financial guarantees | Long-term fixed-rate bonds
Guarantees
Total	72,000,000
Maximum potential exposure	102,000,000
Financial guarantees | Long-term variable-rate bonds
Guarantees
Total	419,000,000	445,000,000
Letters of credit | Master letter of credit
Guarantees
Maximum additional amount potentially required to be issued	106,000,000
Letters of credit | Letters of credit
Guarantees
Total	383,396,000	431,064,000
Letters of credit | Letters of credit, secured
Guarantees
Amount of guarantee secured	79,000,000
Letters of credit | Hybrid letter of credit
Guarantees
Commitments that may be used for the issuance of letters of credit or line of credit loan advances	1,768,000,000
Commitment remaining under letter of credit facility	1,409,000,000
Letters of credit | Hybrid letter of credit facility subject to material adverse change clauses
Guarantees
Commitments that may be used for the issuance of letters of credit or line of credit loan advances	359,000,000
Letters of credit | Adjustable and floating-rate tax-exempt bonds
Guarantees
Total	76,000,000	125,000,000
Other guarantees
Guarantees
Total	114,057,000	115,398,000
Maximum potential exposure	$115,000,000

Guarantees_Guarantee_Liability

Guarantees - Guarantee Liability (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014	31-May-14
Guarantee Liability
Guarantee Liability Recorded	$22,000,000		$22,000,000		$22,000,000
Guaranty Liabilities Contingent	3,000,000		3,000,000		2,000,000
Non-contingent guarantee liability	19,000,000		19,000,000		20,000,000
Activity in the guarantee liability account
Beginning balance			22,091,000
Net change in non-contingent liability			-36,000
Provision for contingent guarantee liability	0	117,000	-80,000	159,000
Ending balance	$21,975,000		$21,975,000
Liability as a percentage of total guarantees (percent)	2.22%		2.22%

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2015	Feb. 28, 2014	31-May-14
Fair value of assets and liabilities
Unrealized gains on securities	$1,644	$2,313	$5,246	($2,931)
Derivative assets	113,231		113,231		209,759
Derivative liabilities	451,938		451,938		388,208
Investments	85,423		85,423		55,177
Investments in common and preferred stock	85,423		85,423		55,177
Deferred compensation investments	4,247		4,247		4,156
Level 1
Fair value of assets and liabilities
Deferred compensation investments	4,247		4,247		4,156
Level 2
Fair value of assets and liabilities
Derivative assets	113,231		113,231		209,759
Derivative liabilities	451,938		451,938		388,208
Recurring basis | Level 1
Fair value of assets and liabilities
Investments	85,423		85,423		55,177
Non-recurring basis | Level 3
Fair value of assets and liabilities
Non-performing loans, net of specific reserves	0		0		1,669
Total losses	0	0	-943	0
Accumulated other comprehensive income
Fair value of assets and liabilities
Unrealized gains on securities	2,000	2,000	-5,000	-3,000
Minimum | Non-recurring basis | Level 3
Fair value of assets and liabilities
EBITDA multiples (ratio)			3.5		3.5
Interest rate swaps | Level 2
Fair value of assets and liabilities
Derivative assets	113,231		113,231		209,759
Derivative liabilities	451,938		451,938		388,208
Fair value
Fair value of assets and liabilities
Derivative assets	113,231		113,231		209,759
Derivative liabilities	451,938		451,938		388,208
Deferred compensation investments	$4,247		$4,247		4,156

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Feb. 28, 2015	31-May-14	Feb. 28, 2014	31-May-13
Fair value of Financial Instruments
Cash and cash equivalents	$298,771,000	$338,715,000	$842,915,000	$177,062,000
Assets:
Restricted cash	35,000	520,000
Investments	85,423,000	55,177,000
Time deposits	385,000,000	550,000,000
Deferred compensation investments	4,247,000	4,156,000
Loans to members, net	21,158,978,000	20,420,213,000	20,589,024,000
Debt service reserve funds	25,602,000	39,353,000
Derivative instruments	113,231,000	209,759,000
Short-term debt	3,213,860,000	4,099,331,000
Liabilities:
Long-term debt	15,861,011,000	14,513,284,000
Guaranty Liabilities Contingent and Noncontingent	21,975,000	22,091,000
Derivative instruments	451,938,000	388,208,000
Subordinated debt	400,000,000	400,000,000
Members Subordinated Certificates, Total	1,526,452,000	1,612,227,000
Level 1
Assets:
Cash and cash equivalents	298,771,000	338,715,000
Restricted cash	35,000	520,000
Investments	85,423,000	55,177,000
Deferred compensation investments	4,247,000	4,156,000
Debt service reserve funds	25,602,000	39,353,000
Liabilities:
Short-term debt	1,636,435,000	2,480,166,000
Level 2
Assets:
Time deposits	385,000,000	550,000,000
Derivative instruments	113,231,000	209,759,000
Liabilities:
Short-term debt	1,577,170,000	1,619,368,000
Long-term debt	10,550,286,000	9,618,645,000
Derivative instruments	451,938,000	388,208,000
Level 3
Assets:
Loans to members, net	21,892,159,000	21,000,687,000
Liabilities:
Short-term debt	0	0
Long-term debt	6,526,024,000	6,120,325,000
Guarantee liability	24,654,000	24,946,000
Members Subordinated Certificates, At Fair Value	1,526,452,000	1,612,227,000
Subordinated deferrable debt
Liabilities:
Subordinated debt		400,000,000
Subordinated deferrable debt | Level 2
Liabilities:
Subordinated debt	401,004,000	385,744,000
Subordinated certificates
Liabilities:
Members Subordinated Certificates, Total	1,526,452,000	1,612,227,000
Fair value
Assets:
Cash and cash equivalents	298,771,000	338,715,000
Restricted cash	35,000	520,000
Investments	85,423,000	55,177,000
Time deposits	385,000,000	550,000,000
Deferred compensation investments	4,247,000	4,156,000
Loans to members, net	21,892,159,000	21,000,687,000
Debt service reserve funds	25,602,000	39,353,000
Derivative instruments	113,231,000	209,759,000
Short-term debt		4,099,534,000
Liabilities:
Short-term debt	3,213,605,000
Long-term Debt, Fair Value	17,076,310,000	15,738,970,000
Guarantee liability	24,654,000	24,946,000
Derivative instruments	451,938,000	388,208,000
Fair value | Subordinated deferrable debt
Liabilities:
Subordinated debt	401,004,000	385,744,000
Fair value | Subordinated certificates
Liabilities:
Members Subordinated Certificates, At Fair Value	1,526,452,000	1,612,227,000
Recurring basis | Level 1
Assets:
Investments	85,423,000	55,177,000
Interest rate swaps
Assets:
Fair value of derivative assets	113,231,000	209,759,000
Liabilities:
Derivative instruments	451,938,000	388,208,000
Interest rate swaps | Level 2
Assets:
Derivative instruments	113,231,000	209,759,000
Liabilities:
Derivative instruments	$451,938,000	$388,208,000

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015		Feb. 28, 2014	Feb. 28, 2015		Feb. 28, 2014	Aug. 31, 2014	31-May-14		Aug. 31, 2013	31-May-13
Statement of operations:
Interest income	$238,740		$238,732	$711,266		$719,057
Interest expense	-156,850		-163,534	-471,677		-496,464
Net interest income	81,890		75,198	239,589		222,593
Provision for loan losses	-2,304		-787	3,475		-3,161
Net interest income after provision for loan losses	79,586		74,411	243,064		219,432
Non-interest income:
Fee and other income	5,020		5,702	19,249		14,983
Derivative gains (losses), net	-98,770		-31,623	-223,209		43,981
Results of operations from foreclosed assets	-1,369		-1,164	-33,059		-8,482
Total non-interest income	-95,119		-27,085	-237,019		50,482
Non-interest expense:
General and administrative expenses	-18,008		-17,183	-54,788		-54,371
Provision for guarantee liability	0		-117	80		-159
Gains (Losses) on Extinguishment of Debt	-703		-1,452	-703		-1,452
Other	-7		210	-30		-88
Total non-interest expense	-18,718		-18,542	-55,441		-56,070
Income (loss) before income taxes	-34,251		28,784	-49,396		213,844
Income tax (expense) benefit	55		-243	-100		-2,045
Net income (loss)	-34,196		28,541	-49,496		211,799
Assets:
Total loans outstanding	21,202,399	[1],[2]	20,635,333	21,202,399	[1],[2]	20,635,333		20,466,925	[1],[2]
Deferred origination costs	9,693	[2]	9,731	9,693	[2]	9,731		9,717	[2]
Less: Allowance for loan losses	-53,114		-56,040	-53,114		-56,040	-50,757	-56,429		-55,199	-54,325
Loans to members, net	21,158,978		20,589,024	21,158,978		20,589,024		20,420,213
Other assets	1,489,943		2,518,305	1,489,943		2,518,305
Total assets	22,648,921		23,107,329	22,648,921		23,107,329		22,232,743
CFC
Statement of operations:
Interest income	235,616		234,927	701,924		707,758
Interest expense	-156,489		-163,157	-470,635		-495,357
Net interest income	79,127		71,770	231,289		212,401
Provision for loan losses	-2,304		-787	3,475		-3,161
Net interest income after provision for loan losses	76,823		70,983	234,764		209,240
Non-interest income:
Fee and other income	4,928		5,127	18,800		13,314
Derivative gains (losses), net	-97,424		-30,808	-219,656		43,543
Results of operations from foreclosed assets	-1,369		-1,164	-33,059		-8,482
Total non-interest income	-93,865		-26,845	-233,915		48,375
Non-interest expense:
General and administrative expenses	-16,227		-14,477	-49,479		-47,140
Provision for guarantee liability	0		-117	80		-159
Gains (Losses) on Extinguishment of Debt	-703		-1,452	-703		-1,452
Other	-7		210	-30		-89
Total non-interest expense	-16,937		-15,836	-50,132		-48,840
Income (loss) before income taxes	-33,979		28,302	-49,283		208,775
Net income (loss)	-33,979		28,302	-49,283		208,775
Assets:
Total loans outstanding	21,187,603		20,605,354	21,187,603		20,605,354
Deferred origination costs	9,693		9,731	9,693		9,731
Less: Allowance for loan losses	-53,114		-56,040	-53,114		-56,040
Loans to members, net	21,144,182		20,559,045	21,144,182		20,559,045
Other assets	1,448,655		2,492,657	1,448,655		2,492,657
Total assets	22,592,837		23,051,702	22,592,837		23,051,702
Other
Statement of operations:
Interest income	11,791		12,613	34,926		37,958
Interest expense	-9,028		-9,185	-26,626		-27,766
Net interest income	2,763		3,428	8,300		10,192
Net interest income after provision for loan losses	2,763		3,428	8,300		10,192
Non-interest income:
Fee and other income	922		374	2,653		1,068
Derivative gains (losses), net	-1,346		-815	-3,553		438
Total non-interest income	-424		-441	-900		1,506
Non-interest expense:
General and administrative expenses	-2,024		-2,505	-6,039		-6,630
Other	-587		0	-1,474		1
Total non-interest expense	-2,611		-2,505	-7,513		-6,629
Income (loss) before income taxes	-272		482	-113		5,069
Income tax (expense) benefit	55		-243	-100		-2,045
Net income (loss)	-217		239	-213		3,024
Assets:
Total loans outstanding	1,117,252		1,234,787	1,117,252		1,234,787
Loans to members, net	1,117,252		1,234,787	1,117,252		1,234,787
Other assets	157,122		145,847	157,122		145,847
Total assets	1,274,374		1,380,634	1,274,374		1,380,634
Elimination
Statement of operations:
Interest income	-8,667		-8,808	-25,584		-26,659
Interest expense	8,667		8,808	25,584		26,659
Non-interest income:
Fee and other income	-830		201	-2,204		601
Derivative gains (losses), net	0		0	0		0
Total non-interest income	-830		201	-2,204		601
Non-interest expense:
General and administrative expenses	243		-201	730		-601
Other	587		0	1,474		0
Total non-interest expense	830		-201	2,204		-601
Assets:
Total loans outstanding	-1,102,456		-1,204,808	-1,102,456		-1,204,808
Loans to members, net	-1,102,456		-1,204,808	-1,102,456		-1,204,808
Other assets	-115,834		-120,199	-115,834		-120,199
Total assets	($1,218,290)		($1,325,007)	($1,218,290)		($1,325,007)
[1]	Represents the unpaid principal balance excluding deferred loan origination costs.
[2]	Includes nonperforming and restructured loans.