NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
For the period ended May 31, 2025. Filed Aug 5, 2025.
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FY2025 · Filed Aug 5, 2025
NRUC$20.04+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| May 31, | ||
|---|---|---|
| (Dollars in thousands) | 2025 | 2024 |
| Assets: | ||
| Cash and cash equivalents | $134,712 | $280,124 |
| Restricted cash | 8,410 | 8,217 |
| Total cash, cash equivalents and restricted cash | 143,122 | 288,341 |
| Investment securities: | ||
| Debt securities trading, at fair value | 113,663 | 281,351 |
| Equity securities, at fair value | 11,252 | 36,886 |
| Total investment securities, at fair value | 124,915 | 318,237 |
| Loans to members | 37,079,978 | 34,542,285 |
| Less: Allowance for credit losses | (40,615) | (48,726) |
| Loans to members, net | 37,039,363 | 34,493,559 |
| Accrued interest receivable | 270,222 | 190,247 |
| Other receivables | 24,377 | 29,240 |
| Fixed assets, net | 81,667 | 85,119 |
| Derivative assets | 555,855 | 691,249 |
| Other assets | 85,528 | 81,822 |
| Total assets | $38,325,049 | $36,177,814 |
| Liabilities: | ||
| Accrued interest payable | $294,917 | $263,372 |
| Debt outstanding: | ||
| Short-term borrowings | 5,091,416 | 4,332,690 |
| Long-term debt | 27,163,701 | 25,901,165 |
| Subordinated deferrable debt | 1,329,485 | 1,286,861 |
| Members’ subordinated certificates: | ||
| Membership subordinated certificates | 628,637 | 628,625 |
| Loan and guarantee subordinated certificates | 309,914 | 322,863 |
| Member capital securities | 246,163 | 246,163 |
| Total members’ subordinated certificates | 1,184,714 | 1,197,651 |
| Total debt outstanding | 34,769,316 | 32,718,367 |
| Deferred income | 31,596 | 33,356 |
| Derivative liabilities | 51,368 | 80,988 |
| Other liabilities | 74,386 | 69,562 |
| Total liabilities | 35,221,583 | 33,165,645 |
| Equity: | ||
| CFC equity: | ||
| Retained equity | 3,084,713 | 2,992,878 |
| Accumulated other comprehensive loss | (2,236) | (1,416) |
| Total CFC equity | 3,082,477 | 2,991,462 |
| Noncontrolling interests | 20,989 | 20,707 |
| Total equity | 3,103,466 | 3,012,169 |
| Total liabilities and equity | $38,325,049 | $36,177,814 |
| The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. | ||
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