Guarantees (Tables)

12 Months Ended

May 31, 2019

Summary of total guarantees by type of guarantee and member class

The following table summarizes total guarantees, by type of guarantee and by member class, as of May 31, 2019 and 2018.



	May 31,
(Dollars in thousands)	2019		2018
Total by type:
Long-term tax-exempt bonds⁽¹⁾	$	312,190	$	316,985
Letters of credit⁽²⁾	379,001		343,970
Other guarantees	146,244		144,206
Total	$	837,435	$	805,161

Total by member class:
CFC:
Distribution	$	235,919	$	201,993
Power supply	586,717		587,837
Statewide and associate	3,481		3,326
CFC total	826,117		793,156
NCSC	8,714		10,431
RTFC	2,604		1,574
Total	$	837,435	$	805,161

^{____________________________}

⁽¹⁾Represents the outstanding principal amount of long-term fixed-rate and variable-rate guaranteed bonds.

⁽²⁾Reflects our maximum potential exposure for letters of credit.

Schedule of maturities of outstanding guarantees

The following table details the scheduled maturities of our outstanding guarantees in each of the five fiscal years following May 31, 2019 and thereafter:



(Dollars in thousands)	Amount Maturing
2020	$	246,143
2021	133,015
2022	30,882
2023	159,059
2024	31,162
Thereafter	237,174
Total	$	837,435