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National Rural Utilities Cooperative Finance Corp/DC – ‘10-Q’ for 11/30/19 – ‘EX-101.LAB’

On:  Monday, 1/13/20, at 3:45pm ET   ·   For:  11/30/19   ·   Accession #:  70502-20-4   ·   File #:  1-07102

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  As Of               Filer                 Filing    For·On·As Docs:Size

 1/13/20  Nat’l Rural Utilities Co… Corp/DC 10-Q       11/30/19   93:20M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report -- nrufy2020q2form10-q             HTML   1.84M 
 2: EX-10.1     Amended Revolving Credit Agreement Maturing         HTML    255K 
                November 28, 2022                                                
 3: EX-10.2     Amended Revolving Credit Agreement Maturing         HTML    224K 
                November 28, 2023                                                
 4: EX-31.1     Section 302 CEO Certification                       HTML     34K 
 5: EX-31.2     Section 302 CFO Certification                       HTML     34K 
 6: EX-32.1     Section 906 CEO Certification                       HTML     29K 
 7: EX-32.2     Section 906 CFO Certification                       HTML     29K 
69: R1          Document and Entity Information                     HTML     49K 
25: R2          Condensed Consolidated Statements of Operations     HTML     90K 
                (Unaudited)                                                      
54: R3          Condensed Consolidated Statements of Comprehensive  HTML     59K 
                Income (Loss) (Unaudited)                                        
83: R4          Condensed Consolidated Balance Sheets (Unaudited)   HTML    135K 
68: R5          Condensed Consolidated Statements of Changes in     HTML     57K 
                Equity (Unaudited)                                               
23: R6          Condensed Consolidated Statements of Cash Flows     HTML    144K 
                (Unaudited)                                                      
52: R7          Summary of Significant Accounting Policies -        HTML    117K 
                (Notes)                                                          
81: R8          Variable Interest Entities - (Notes)                HTML     63K 
71: R9          Investment Securities - (Notes)                     HTML    392K 
75: R10         Loans - (Notes)                                     HTML    439K 
85: R11         Allowance for Loan Losses - (Notes)                 HTML    178K 
50: R12         Short-Term Borrowings - (Notes)                     HTML     89K 
20: R13         Long-Term Debt - (Notes)                            HTML     86K 
74: R14         Subordinated Deferrable Debt - (Notes)              HTML     41K 
84: R15         Derivative Instruments and Hedging Activities -     HTML    173K 
                (Notes)                                                          
49: R16         Equity - (Notes)                                    HTML    130K 
19: R17         Guarantees - (Notes)                                HTML     67K 
73: R18         Fair Value Measurement - (Notes)                    HTML    193K 
86: R19         Business Segments - (Notes)                         HTML    350K 
37: R20         Summary of Significant Accounting Policies -        HTML    167K 
                (Policies)                                                       
29: R21         Summary of Significant Accounting Policies -        HTML     96K 
                (Tables)                                                         
58: R22         Variable Interest Entities - (Tables)               HTML     67K 
88: R23         Investment Securities - (Tables)                    HTML    386K 
36: R24         Loans - (Tables)                                    HTML    423K 
28: R25         Allowance for Loan Losses - (Tables)                HTML    177K 
57: R26         Short-Term Borrowings - (Tables)                    HTML     87K 
87: R27         Long-Term Debt - (Tables)                           HTML     74K 
38: R28         Subordinated Deferrable Debt - (Tables)             HTML     40K 
27: R29         Derivative Instruments and Hedging Activities -     HTML    228K 
                (Tables)                                                         
21: R30         Equity - (Tables)                                   HTML    120K 
55: R31         Guarantees - (Tables)                               HTML     55K 
80: R32         Fair Value Measurement - (Tables)                   HTML    185K 
70: R33         Business Segments - (Tables)                        HTML    351K 
22: R34         Summary of Significant Accounting Policies -        HTML     49K 
                Interest Income (Details)                                        
56: R35         Summary of Significant Accounting Policies -        HTML     51K 
                Interest Expense (Details)                                       
82: R36         Summary of Significant Accounting Policies -        HTML     47K 
                Additional Information (Details)                                 
72: R37         Variable Interest Entities - Consolidated Assets    HTML     47K 
                and Liabilities of VIEs included in CFCs Condensed               
                Consolidated Financial Statements (Details)                      
24: R38         Variable Interest Entities - Information on CFCs    HTML     44K 
                Credit Commitments to NCSC and RTFC (Details)                    
53: R39         Variable Interest Entities - Additional             HTML     30K 
                Information (Details)                                            
30: R40         Investment Securities - Amortized cost and Fair     HTML     33K 
                Value of Equity Securities and Corresponding Gross               
                Unrealized Gains and Losses (Details)                            
40: R41         Investment Securities - Debt Securities and         HTML     72K 
                Corresponding Gross Unrealized Gains and Losses                  
                (Details)                                                        
92: R42         Investment Securities - Fair Value and Gross        HTML     61K 
                Unrealized Losses for Investments in a Gross Loss                
                Position (Details)                                               
62: R43         Investment Securities - Remaining Contractual       HTML    125K 
                Maturity Based on Amortized Cost and Fair Value of               
                HTM by Type (Details)                                            
31: R44         Investment Securities - Additional Information      HTML     52K 
                (Details)                                                        
41: R45         Loans - Outstanding Principal Balance and           HTML     80K 
                Unadvanced Commitments (Details)                                 
93: R46         Loans - Available Balance Under Unadvanced          HTML     54K 
                Commitments and Maturity (Details)                               
63: R47         Loans - Unconditional Committed Lines of Credit     HTML     48K 
                and Maturity (Details)                                           
33: R48         Loans - Outstanding Pledged as Collateral           HTML     65K 
                (Details)                                                        
39: R49         Loans - Internal Risk Rating (Details)              HTML     67K 
45: R50         Loans - Payment Status of Loans Outstanding         HTML     99K 
                (Details)                                                        
16: R51         Loans - Troubled Debt Restructured Loans (Details)  HTML     49K 
67: R52         Loans Impaired Loans - Recorded Investment and      HTML     40K 
                Allowance (Details)                                              
79: R53         Impaired Loans - Average Recorded Investment and    HTML     40K 
                Interest Income (Details)                                        
44: R54         Loans - Additional Information (Details)            HTML    131K 
15: R55         Allowance for Loan Losses - Rollforward (Details)   HTML     46K 
66: R56         Allowance for Loan Losses - Recorded Investments    HTML     75K 
                (Details)                                                        
78: R57         Allowance for Loan Losses - Additional Information  HTML     33K 
                (Details)                                                        
46: R58         Short-Term Borrowings - Additional Information      HTML     44K 
                (Details)                                                        
14: R59         Short-Term Borrowings - Outstanding (Details)       HTML     46K 
61: R60         Short-Term Borrowings - Commitments under           HTML     46K 
                Revolving Credit Agreements (Details)                            
90: R61         Long-Term Debt Outstanding (Details)                HTML     66K 
43: R62         Long-Term Debt - Additional Information (Details)   HTML     85K 
35: R63         Subordinated Deferrable Debt Subordinated           HTML     44K 
                Deferrable Debt Outstanding (Details)                            
60: R64         Derivative Notional Amounts and Weighted-Average    HTML     45K 
                Rate (Details)                                                   
89: R65         Derivatives - Balance Sheet Impact (Details)        HTML     39K 
42: R66         Derivatives Offsetting (Details)                    HTML     71K 
34: R67         Derivative Instruments and Hedging Activities       HTML     40K 
                Derivatives - Income Statement Impact (Details)                  
59: R68         Derivatives - Rating Triggers (Details)             HTML     53K 
91: R69         Derivative Instruments and Hedging Activities -     HTML     41K 
                Additional Information (Details)                                 
76: R70         Equity - Accumulated Other Comprehensive Income     HTML     80K 
                Rollforward (Details)                                            
64: R71         Equity - Additional Information (Details)           HTML     93K 
17: R72         Guarantees Outstanding (Details)                    HTML     50K 
47: R73         Guarantees - Additional Information (Details)       HTML     70K 
77: R74         Fair Value Measurement Fair Value of Financial      HTML    106K 
                Instruments (Details)                                            
65: R75         Fair Value Measurement - Recurring Fair Value       HTML     50K 
                Measurements (Details)                                           
18: R76         Fair Value Measurement - Additional Information     HTML     35K 
                (Details)                                                        
48: R77         Business Segments - Segment Results and Total       HTML    167K 
                Assets (Details)                                                 
32: XML         IDEA XML File -- Filing Summary                      XML    167K 
26: EXCEL       IDEA Workbook of Financial Reports                  XLSX    127K 
 8: EX-101.INS  XBRL Instance -- nru-20191130                        XML   7.09M 
10: EX-101.CAL  XBRL Calculations -- nru-20191130_cal                XML    232K 
11: EX-101.DEF  XBRL Definitions -- nru-20191130_def                 XML   1.01M 
12: EX-101.LAB  XBRL Labels -- nru-20191130_lab                      XML   1.91M 
13: EX-101.PRE  XBRL Presentations -- nru-20191130_pre               XML   1.33M 
 9: EX-101.SCH  XBRL Schema -- nru-20191130                          XSD    228K 
51: ZIP         XBRL Zipped Folder -- 0000070502-20-000004-xbrl      Zip    405K

‘EX-101.LAB’   —   XBRL Labels — nru-20191130_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple"/>
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<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple"/>
<link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
<link:label id="lab_us-gaap_AccountingPoliciesAbstract_5A0ABE4AB402B571A769808AFEA838E9_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_5A0ABE4AB402B571A769808AFEA838E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounting Policies [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_5A0ABE4AB402B571A769808AFEA838E9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_5A0ABE4AB402B571A769808AFEA838E9" xlink:to="lab_us-gaap_AccountingPoliciesAbstract_5A0ABE4AB402B571A769808AFEA838E9" xlink:type="arc"/>
<link:label id="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320_terseLabel_en-US" xlink:label="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Debt Instruments [Table] </link:label>
<link:label id="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320_label_en-US" xlink:label="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Debt Instruments [Table] </link:label>
<link:label id="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320_documentation_en-US" xlink:label="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> A table or schedule providing information pertaining to short-term and long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ScheduleOfDebtInstrumentsTable" xlink:label="loc_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320" xlink:to="lab_nru_ScheduleOfDebtInstrumentsTable_0B01D951FD2AFAC4AB6F808AFEA8E320" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument [Axis] </link:label>
<link:label id="lab_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B" xlink:to="lab_us-gaap_DebtInstrumentAxis_F9CDA1F08600AED16344808AFEA97A7B" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Name [Domain] </link:label>
<link:label id="lab_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Name [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9" xlink:to="lab_us-gaap_DebtInstrumentNameDomain_2169F5EBAF3E8B8FAB27808AFEA9C4D9" xlink:type="arc"/>
<link:label id="lab_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short-term borrowings </link:label>
<link:label id="lab_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermDebtMember" xlink:label="loc_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D" xlink:to="lab_us-gaap_ShortTermDebtMember_876E4F4A03C12A15160E808AFEA91B3D" xlink:type="arc"/>
<link:label id="lab_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12_terseLabel_en-US" xlink:label="lab_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Medium-term notes </link:label>
<link:label id="lab_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12_label_en-US" xlink:label="lab_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Medium-term Notes [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="loc_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12" xlink:to="lab_us-gaap_MediumTermNotesMember_F64F2E81CD9490F2FFA9808AFEA98A12" xlink:type="arc"/>
<link:label id="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3_terseLabel_en-US" xlink:label="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral trust bonds </link:label>
<link:label id="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3_label_en-US" xlink:label="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateral Trust Bonds [Member] </link:label>
<link:label id="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3_documentation_en-US" xlink:label="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the collateral trust bonds, which are secured obligations sold to investors in the capital markets. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CollateralTrustBondsMember" xlink:label="loc_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3" xlink:to="lab_nru_CollateralTrustBondsMember_FBAA731A76269CA6AD0E808AFEAA81C3" xlink:type="arc"/>
<link:label id="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268_terseLabel_en-US" xlink:label="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guaranteed Underwriter Program notes payable </link:label>
<link:label id="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268_label_en-US" xlink:label="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guaranteed Underwriter Program Notes Payable [Member] </link:label>
<link:label id="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268_documentation_en-US" xlink:label="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Guaranteed Underwriter Program Notes Payable [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuaranteedUnderwriterProgramNotesPayableMember" xlink:label="loc_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268" xlink:to="lab_nru_GuaranteedUnderwriterProgramNotesPayableMember_8CE96FB4508B2C3933C8808AFEAA4268" xlink:type="arc"/>
<link:label id="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075_terseLabel_en-US" xlink:label="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Farmer Mac notes payable </link:label>
<link:label id="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075_label_en-US" xlink:label="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Farmer Mac Notes Payable [Member] </link:label>
<link:label id="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075_documentation_en-US" xlink:label="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Farmer Mac Notes Payable [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FarmerMacNotesPayableMember" xlink:label="loc_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075" xlink:to="lab_nru_FarmerMacNotesPayableMember_761B59B41373593A609D808AFEAA0075" xlink:type="arc"/>
<link:label id="lab_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4_terseLabel_en-US" xlink:label="lab_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other notes payable </link:label>
<link:label id="lab_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4_label_en-US" xlink:label="lab_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Notes Payable, Other Payables [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="loc_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4" xlink:to="lab_us-gaap_NotesPayableOtherPayablesMember_72D5484FEAB4B3D16474808AFEAA52B4" xlink:type="arc"/>
<link:label id="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7_terseLabel_en-US" xlink:label="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated deferrable debt </link:label>
<link:label id="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7_label_en-US" xlink:label="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Deferrable Debt [Member] </link:label>
<link:label id="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7_documentation_en-US" xlink:label="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents activity related to subordinated deferrable debt. Subordinated deferrable debt obligations are interest bearing, long-term obligations which are subordinate to certain other debt obligations. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_SubordinatedDeferrableDebtMember" xlink:label="loc_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7" xlink:to="lab_nru_SubordinatedDeferrableDebtMember_0274BF9CD482B0B412A5808AFEAA28A7" xlink:type="arc"/>
<link:label id="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288_terseLabel_en-US" xlink:label="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated certificates </link:label>
<link:label id="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288_label_en-US" xlink:label="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Certificates [Member] </link:label>
<link:label id="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288_documentation_en-US" xlink:label="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to subordinated certificates. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_SubordinatedCertificatesMember" xlink:label="loc_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288" xlink:to="lab_nru_SubordinatedCertificatesMember_C6E1F88392DD67C8E9D7808AFEAA0288" xlink:type="arc"/>
<link:label id="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70_verboseLabel_en-US" xlink:label="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:label id="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70_label_en-US" xlink:label="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instruments [Line Items] </link:label>
<link:label id="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70_documentation_en-US" xlink:label="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="nru-20191130.xsd#nru_DebtInstrumentsLineItems" xlink:label="loc_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70" xlink:to="lab_nru_DebtInstrumentsLineItems_D3A31595B19FD9BE1F9D808AFEAB0B70" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Components of interest expense </link:label>
<link:label id="lab_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824_label_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseAbstract" xlink:label="loc_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824" xlink:to="lab_us-gaap_InterestExpenseAbstract_6D2D1C322D2C3AA56D25808AFEAB2824" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense on debt: </link:label>
<link:label id="lab_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD_label_en-US" xlink:label="lab_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Borrowings [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseBorrowingsAbstract" xlink:label="loc_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD" xlink:to="lab_us-gaap_InterestExpenseBorrowingsAbstract_2B4130E4097411D44F1B808AFEAB5DCD" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:label id="lab_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B_label_en-US" xlink:label="lab_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B" xlink:to="lab_us-gaap_InterestExpense_BCF3DB45D87615E7B2C8808AFEAB797B" xlink:type="arc"/>
<link:label id="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_D414AC3A9A4F9EFD83261EF36CD0C59F_label_en-US" xlink:label="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_3BCA4CB8E4AF5950B95E429B14DCC55B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments, Debt and Equity Securities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_3BCA4CB8E4AF5950B95E429B14DCC55B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_3BCA4CB8E4AF5950B95E429B14DCC55B" xlink:to="lab_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_3BCA4CB8E4AF5950B95E429B14DCC55B" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_6291B78D4B982D7576841EF36CD0E249_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4251A368B252596AB7CC9F31D8E31A6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Trading, and Equity Securities, FV-NI [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_6291B78D4B982D7576841EF36CD0E249_label_en-US" xlink:label="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4251A368B252596AB7CC9F31D8E31A6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Trading, and Equity Securities, FV-NI [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4251A368B252596AB7CC9F31D8E31A6A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4251A368B252596AB7CC9F31D8E31A6A" xlink:to="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4251A368B252596AB7CC9F31D8E31A6A" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancialInstrumentAxis_2D24E9FA1199CDDF9A671EF36CD1D244_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis_04FC59FFEF835922BC79C5B1F1C49902" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instrument [Axis] </link:label>
<link:label id="lab_us-gaap_FinancialInstrumentAxis_2D24E9FA1199CDDF9A671EF36CD1D244_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis_04FC59FFEF835922BC79C5B1F1C49902" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="loc_us-gaap_FinancialInstrumentAxis_04FC59FFEF835922BC79C5B1F1C49902" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentAxis_04FC59FFEF835922BC79C5B1F1C49902" xlink:to="lab_us-gaap_FinancialInstrumentAxis_04FC59FFEF835922BC79C5B1F1C49902" xlink:type="arc"/>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_26D2E0590CBEF5418A761EF36CD1C5F8_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1EBE5D420B0652E58435C8E18D53FEB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Domain] </link:label>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_26D2E0590CBEF5418A761EF36CD1C5F8_label_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1EBE5D420B0652E58435C8E18D53FEB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_1EBE5D420B0652E58435C8E18D53FEB6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PreferredStockMember_581E1C31EE1E862348591EF36CD1EB94_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockMember_CC61D5BBD2C05A01B12AAB6F92F0CCAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preferred Stock </link:label>
<link:label id="lab_us-gaap_PreferredStockMember_581E1C31EE1E862348591EF36CD1EB94_label_en-US" xlink:label="lab_us-gaap_PreferredStockMember_CC61D5BBD2C05A01B12AAB6F92F0CCAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preferred Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="loc_us-gaap_PreferredStockMember_CC61D5BBD2C05A01B12AAB6F92F0CCAE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockMember_CC61D5BBD2C05A01B12AAB6F92F0CCAE" xlink:to="lab_us-gaap_PreferredStockMember_CC61D5BBD2C05A01B12AAB6F92F0CCAE" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommonStockMember_AE7A08F9D9B97C0013C11EF36CD18AEC_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember_22E96EF6E5C15CDAB0283433FF94778B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Stock </link:label>
<link:label id="lab_us-gaap_CommonStockMember_AE7A08F9D9B97C0013C11EF36CD18AEC_label_en-US" xlink:label="lab_us-gaap_CommonStockMember_22E96EF6E5C15CDAB0283433FF94778B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_22E96EF6E5C15CDAB0283433FF94778B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember_22E96EF6E5C15CDAB0283433FF94778B" xlink:to="lab_us-gaap_CommonStockMember_22E96EF6E5C15CDAB0283433FF94778B" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_69280B1A5F4E9A0F57661EF36CD183D3_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_7D69676059B95C65AAD8F3AF1FE5CFAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt and Equity Securities [Line Items] </link:label>
<link:label id="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_69280B1A5F4E9A0F57661EF36CD183D3_label_en-US" xlink:label="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_7D69676059B95C65AAD8F3AF1FE5CFAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt and Equity Securities, FV-NI [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_7D69676059B95C65AAD8F3AF1FE5CFAF" xlink:type="locator"/>
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<link:label id="lab_us-gaap_EquitySecuritiesFvNi_490B50F32F5FD9D8E9D51EF36CD276FC_terseLabel_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNi_8128791E5C92550CB846E1405A8CB9A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity securities </link:label>
<link:label id="lab_us-gaap_EquitySecuritiesFvNi_490B50F32F5FD9D8E9D51EF36CD276FC_label_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNi_8128791E5C92550CB846E1405A8CB9A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Securities, FV-NI </link:label>
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<link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_5D41211170488185D07991252B751321_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_5D41211170488185D07991252B751321" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Organization, Consolidation and Presentation of Financial Statements [Abstract] </link:label>
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<link:label id="lab_nru_NatureOfOperationsPolicyTextBlock_A6DC9881B4DDFB7634EA91252B752050_terseLabel_en-US" xlink:label="lab_nru_NatureOfOperationsPolicyTextBlock_A6DC9881B4DDFB7634EA91252B752050" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> The Company </link:label>
<link:label id="lab_nru_NatureOfOperationsPolicyTextBlock_A6DC9881B4DDFB7634EA91252B752050_label_en-US" xlink:label="lab_nru_NatureOfOperationsPolicyTextBlock_A6DC9881B4DDFB7634EA91252B752050" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nature of Operations [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_C7001A3DA8BEA0EBC44091252B766863_terseLabel_en-US" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_C7001A3DA8BEA0EBC44091252B766863" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basis of Presentation </link:label>
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<link:label id="lab_us-gaap_UseOfEstimates_40E622808A16ED41435B91252B76CD0B_terseLabel_en-US" xlink:label="lab_us-gaap_UseOfEstimates_40E622808A16ED41435B91252B76CD0B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Use of Estimates </link:label>
<link:label id="lab_us-gaap_UseOfEstimates_40E622808A16ED41435B91252B76CD0B_label_en-US" xlink:label="lab_us-gaap_UseOfEstimates_40E622808A16ED41435B91252B76CD0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Use of Estimates, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_1C2CE7A547F15F9D525191252B766E47_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock_1C2CE7A547F15F9D525191252B766E47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Principles of Consolidation </link:label>
<link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_1C2CE7A547F15F9D525191252B766E47_label_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock_1C2CE7A547F15F9D525191252B766E47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidation, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Restricted Cash </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="loc_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF" xlink:to="lab_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_0E29F899B2009940E27A91252B7620BF" xlink:type="arc"/>
<link:label id="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_031ACACDCD27A8D0BA0691252B762495_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_031ACACDCD27A8D0BA0691252B762495" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets Held for Sale </link:label>
<link:label id="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_031ACACDCD27A8D0BA0691252B762495_label_en-US" xlink:label="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_031ACACDCD27A8D0BA0691252B762495" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real Estate Held for Development and Sale, Policy [Policy Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:label="loc_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_031ACACDCD27A8D0BA0691252B762495" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RevenueRecognitionInterest_00D363EA64BF649604E791252B776F1F_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueRecognitionInterest_00D363EA64BF649604E791252B776F1F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:label id="lab_us-gaap_RevenueRecognitionInterest_00D363EA64BF649604E791252B776F1F_label_en-US" xlink:label="lab_us-gaap_RevenueRecognitionInterest_00D363EA64BF649604E791252B776F1F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue Recognition, Interest [Policy Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueRecognitionInterest" xlink:label="loc_us-gaap_RevenueRecognitionInterest_00D363EA64BF649604E791252B776F1F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpensePolicyTextBlock_45DECE7890682A72FE9791252B77C5E9_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpensePolicyTextBlock_45DECE7890682A72FE9791252B77C5E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Expense </link:label>
<link:label id="lab_us-gaap_InterestExpensePolicyTextBlock_45DECE7890682A72FE9791252B77C5E9_label_en-US" xlink:label="lab_us-gaap_InterestExpensePolicyTextBlock_45DECE7890682A72FE9791252B77C5E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Policy [Policy Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpensePolicyTextBlock" xlink:label="loc_us-gaap_InterestExpensePolicyTextBlock_45DECE7890682A72FE9791252B77C5E9" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_0209F60E6061E0B89DA291252B77F37F_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_0209F60E6061E0B89DA291252B77F37F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recent Accounting Changes and Other Developments </link:label>
<link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_0209F60E6061E0B89DA291252B77F37F_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_0209F60E6061E0B89DA291252B77F37F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> New Accounting Pronouncements, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_DerivativesPolicyTextBlock_F6A021F7C1EF80B3333091252B7786F3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativesPolicyTextBlock_F6A021F7C1EF80B3333091252B7786F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivatives </link:label>
<link:label id="lab_us-gaap_DerivativesPolicyTextBlock_F6A021F7C1EF80B3333091252B7786F3_label_en-US" xlink:label="lab_us-gaap_DerivativesPolicyTextBlock_F6A021F7C1EF80B3333091252B7786F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivatives, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_A11D7F86958A24A505B391252B7803D2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_A11D7F86958A24A505B391252B7803D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_A11D7F86958A24A505B391252B7803D2_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_A11D7F86958A24A505B391252B7803D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_FairValueTransferPolicyPolicyTextBlock_5295C8A328318A548783917883F77463_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueTransferPolicyPolicyTextBlock_5295C8A328318A548783917883F77463" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfer between levels </link:label>
<link:label id="lab_us-gaap_FairValueTransferPolicyPolicyTextBlock_5295C8A328318A548783917883F77463_label_en-US" xlink:label="lab_us-gaap_FairValueTransferPolicyPolicyTextBlock_5295C8A328318A548783917883F77463" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Transfer, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivablePolicyPolicyTextBlock_990DDEEB30C63C76048491252B78880E_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivablePolicyPolicyTextBlock_990DDEEB30C63C76048491252B78880E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impaired loans </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivablePolicyPolicyTextBlock_990DDEEB30C63C76048491252B78880E_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivablePolicyPolicyTextBlock_990DDEEB30C63C76048491252B78880E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Policy [Policy Text Block] </link:label>
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<link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_80F6A14345701BD910478FDA680D22D0_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_80F6A14345701BD910478FDA680D22D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Cash Flows [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_80F6A14345701BD910478FDA680D22D0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_80F6A14345701BD910478FDA680D22D0" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_80F6A14345701BD910478FDA680D22D0" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from operating activities: </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_3EED388BEBD8C3E0564D8FDA68116EA6" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net income (loss) </link:label>
<link:label id="lab_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979_label_en-US" xlink:label="lab_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Income (Loss), Including Portion Attributable to Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979" xlink:to="lab_us-gaap_ProfitLoss_83E5100CD46B62B361B88FDA68154979" xlink:type="arc"/>
<link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments to reconcile net income to net cash provided by operating activities: </link:label>
<link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_ED4C17BEC8A8783B88798FDA681549AF" xlink:type="arc"/>
<link:label id="lab_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC_negatedLabel_en-US" xlink:label="lab_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amortization of deferred loan fees </link:label>
<link:label id="lab_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC_label_en-US" xlink:label="lab_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Recognition of Deferred Revenue </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RecognitionOfDeferredRevenue" xlink:label="loc_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC" xlink:to="lab_us-gaap_RecognitionOfDeferredRevenue_449A0F92C2FF7EC71C6B8FDA68169FDC" xlink:type="arc"/>
<link:label id="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amortization of debt issuance costs and deferred charges </link:label>
<link:label id="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841_label_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amortization of Debt Issuance Costs and Discounts </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:label="loc_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841" xlink:to="lab_us-gaap_AmortizationOfFinancingCostsAndDiscounts_77A57D44335230F0A8A18FDA6816A841" xlink:type="arc"/>
<link:label id="lab_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amortization of discount on long-term debt </link:label>
<link:label id="lab_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4_label_en-US" xlink:label="lab_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amortization of Debt Discount (Premium) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="loc_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4" xlink:to="lab_us-gaap_AmortizationOfDebtDiscountPremium_C034A076BD5B602F6C5C8FDA681652B4" xlink:type="arc"/>
<link:label id="lab_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amortization of issuance costs for bank revolving lines of credit </link:label>
<link:label id="lab_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C_label_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amortization of Debt Issuance Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C" xlink:to="lab_us-gaap_AmortizationOfFinancingCosts_86C9DBEC66C1991E62028FDA6816905C" xlink:type="arc"/>
<link:label id="lab_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44_terseLabel_en-US" xlink:label="lab_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation and amortization </link:label>
<link:label id="lab_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44_label_en-US" xlink:label="lab_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Depreciation" xlink:label="loc_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44" xlink:to="lab_us-gaap_Depreciation_702BDA258E27AE7BAA278FDA68168B44" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Benefit for loan losses </link:label>
<link:label id="lab_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Credit Loss, Expense (Reversal) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForLoanLossesExpensed" xlink:label="loc_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0" xlink:to="lab_us-gaap_ProvisionForLoanLossesExpensed_68C87E35D93288F903FF8FDA6817BBB0" xlink:type="arc"/>
<link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Loss on early extinguishment of debt </link:label>
<link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697_label_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (Loss) on Extinguishment of Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697" xlink:to="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_C2392C4B05488C9EC6208FDA6817E697" xlink:type="arc"/>
<link:label id="lab_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Gain on sale of land </link:label>
<link:label id="lab_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (Loss) on Sale of Properties </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="loc_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A" xlink:to="lab_us-gaap_GainLossOnSaleOfProperties_E5F1CC08BE00166748628FDA6818135A" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E_negatedLabel_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Unrealized (gains) losses on equity securities </link:label>
<link:label id="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E_label_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Securities, FV-NI, Unrealized Gain (Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss" xlink:label="loc_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E" xlink:to="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_FF930BB5D3A50F35A1F68FDA6818535E" xlink:type="arc"/>
<link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_F9E0154F087C5FC4081E8FDA681841D5_negatedLabel_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_F9E0154F087C5FC4081E8FDA681841D5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Derivative forward value (gains) losses </link:label>
<link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_F9E0154F087C5FC4081E8FDA681841D5_label_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_F9E0154F087C5FC4081E8FDA681841D5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unrealized Gain (Loss) on Derivatives </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_F9E0154F087C5FC4081E8FDA681841D5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_13F367B94498BCD60AE68FDA68196140_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_13F367B94498BCD60AE68FDA68196140" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Changes in operating assets and liabilities: </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_13F367B94498BCD60AE68FDA68196140_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_13F367B94498BCD60AE68FDA68196140" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Operating Capital [Abstract] </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_3427F2478FEA47EE86078FDA681946AD_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_3427F2478FEA47EE86078FDA681946AD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Accrued interest receivable </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_3427F2478FEA47EE86078FDA681946AD_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_3427F2478FEA47EE86078FDA681946AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Accrued Interest Receivable, Net </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInInterestPayableNet_9D51F1C9A22EB00637398FDA68198BD5_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInterestPayableNet_9D51F1C9A22EB00637398FDA68198BD5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrued interest payable </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_455ED2405436D0147FF98FDA681A8DED_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_455ED2405436D0147FF98FDA681A8DED" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_455ED2405436D0147FF98FDA681A8DED_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_455ED2405436D0147FF98FDA681A8DED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Other Operating Assets and Liabilities, Net </link:label>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash provided by operating activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_00221328C82EE2B61FED8FDA681AF0CC" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_FF4AF2054C5D615C01248FDA681AB925_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_FF4AF2054C5D615C01248FDA681AB925" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from investing activities: </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_FF4AF2054C5D615C01248FDA681AB925_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_FF4AF2054C5D615C01248FDA681AB925" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities [Abstract] </link:label>
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<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_FF4AF2054C5D615C01248FDA681AB925" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_FF4AF2054C5D615C01248FDA681AB925" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Advances on loans, net </link:label>
<link:label id="lab_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for (Proceeds from) Loans and Leases </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromLoansAndLeases" xlink:label="loc_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221" xlink:to="lab_us-gaap_PaymentsForProceedsFromLoansAndLeases_9B3C49E6E26384D174F08FDA681AC221" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Investment in fixed assets </link:label>
<link:label id="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for (Proceeds from) Productive Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromProductiveAssets" xlink:label="loc_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374" xlink:to="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_E015E15D2E9620D8A0368FDA681A0374" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyHeldForSale_F388A7785E26EA3805528FDA681A6B6C_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyHeldForSale_F388A7785E26EA3805528FDA681A6B6C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from sale of land </link:label>
<link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyHeldForSale_F388A7785E26EA3805528FDA681A6B6C_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyHeldForSale_F388A7785E26EA3805528FDA681A6B6C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Sale of Property Held-for-sale </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyHeldForSale_F388A7785E26EA3805528FDA681A6B6C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net proceeds from time deposits </link:label>
<link:label id="lab_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9_label_en-US" xlink:label="lab_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Time Deposits Accepted </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromTimeDepositsAccepted" xlink:label="loc_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9" xlink:to="lab_us-gaap_ProceedsFromTimeDepositsAccepted_843B33BBF8B2E721763B8FDA681B95D9" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment_15CF4E3F19A661B769D48FDA681B3DB2_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment_15CF4E3F19A661B769D48FDA681B3DB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from redemption of equity securities </link:label>
<link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment_15CF4E3F19A661B769D48FDA681B3DB2_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment_15CF4E3F19A661B769D48FDA681B3DB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Sale and Maturity of Debt and Equity Securities, FV-NI, Held-for-investment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment_15CF4E3F19A661B769D48FDA681B3DB2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_0922FD60A4209E017A468FDA681B008C_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_0922FD60A4209E017A468FDA681B008C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Purchases of held-to-maturity debt securities </link:label>
<link:label id="lab_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_0922FD60A4209E017A468FDA681B008C_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_0922FD60A4209E017A468FDA681B008C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments to Acquire Held-to-maturity Securities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireHeldToMaturitySecurities" xlink:label="loc_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_0922FD60A4209E017A468FDA681B008C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities_A7BE07B4EC45E57F6C578FDA681BBE21_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities_A7BE07B4EC45E57F6C578FDA681BBE21" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from maturities of held-to-maturity debt securities </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities" xlink:label="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities_A7BE07B4EC45E57F6C578FDA681BBE21" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_E0272349EDC5006488D28FDA681B5FD8_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_E0272349EDC5006488D28FDA681B5FD8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash used in investing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_E0272349EDC5006488D28FDA681B5FD8_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_E0272349EDC5006488D28FDA681B5FD8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_E0272349EDC5006488D28FDA681B5FD8" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_887A5378747BB36C03F98FDA681C7F4A_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_887A5378747BB36C03F98FDA681C7F4A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from financing activities: </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_887A5378747BB36C03F98FDA681C7F4A_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_887A5378747BB36C03F98FDA681C7F4A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Financing Activities [Abstract] </link:label>
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<link:label id="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from short-term borrowings, net </link:label>
<link:label id="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from (Repayments of) Short-term Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfShortTermDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5" xlink:to="lab_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_4F6F3B6ACF91F4F4F0888FDA681C4BB5" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from short-term borrowings with original maturity greater than 90 days </link:label>
<link:label id="lab_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745_label_en-US" xlink:label="lab_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Short-term Debt, Maturing in More than Three Months </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths" xlink:label="loc_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745" xlink:to="lab_us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths_03368C3FC8BD4E54E3108FDA681CF745" xlink:type="arc"/>
<link:label id="lab_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Repayments of short term-debt with original maturity greater than 90 days </link:label>
<link:label id="lab_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of Short-term Debt, Maturing in More than Three Months </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths" xlink:label="loc_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D" xlink:to="lab_us-gaap_RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths_6ECF7F43D0109B3E8A108FDA681CD42D" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Payments for issuance costs for revolving bank lines of credit </link:label>
<link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments of Debt Issuance Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2" xlink:to="lab_us-gaap_PaymentsOfDebtIssuanceCosts_A981072559F12A9445698FDA681D9FF2" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from issuance of long-term debt, net of discount and issuance costs </link:label>
<link:label id="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Issuance of Senior Long-term Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_8AA3828F1B7646CA11118FDA681D8D56" xlink:type="arc"/>
<link:label id="lab_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Payments for retirement of long-term debt </link:label>
<link:label id="lab_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of Senior Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="loc_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D" xlink:to="lab_us-gaap_RepaymentsOfSeniorDebt_8DF7C6CBAF8C134790BF8FDA681D6C1D" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Payments made for early extinguishment of debt </link:label>
<link:label id="lab_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payment for Debt Extinguishment or Debt Prepayment Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfDebtExtinguishmentCosts" xlink:label="loc_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2" xlink:to="lab_us-gaap_PaymentsOfDebtExtinguishmentCosts_120466C17C6BA2E47CCC8FDA681D7FB2" xlink:type="arc"/>
<link:label id="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B_negatedTerseLabel_en-US" xlink:label="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Payments for issuance costs for subordinated deferrable debt </link:label>
<link:label id="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B_label_en-US" xlink:label="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payment for Issuance Costs of Subordinated Deferrable Debt </link:label>
<link:label id="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B_documentation_en-US" xlink:label="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Payment for Issuance Costs of Subordinated Deferrable Debt </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt" xlink:label="loc_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B" xlink:to="lab_nru_PaymentforIssuanceCostsofSubordinatedDeferrableDebt_4FD182B06D049E919A088FDA681D5B1B" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt_2A3F13C4BC1D4CE326088FDA681D5D3D_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt_2A3F13C4BC1D4CE326088FDA681D5D3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from issuance of members’ subordinated certificates </link:label>
<link:label id="lab_us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt_2A3F13C4BC1D4CE326088FDA681D5D3D_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt_2A3F13C4BC1D4CE326088FDA681D5D3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Issuance of Subordinated Long-term Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSubordinatedLongTermDebt_2A3F13C4BC1D4CE326088FDA681D5D3D" xlink:type="locator"/>
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<link:label id="lab_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B_negatedLabel_en-US" xlink:label="lab_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Payments for retirement of members’ subordinated certificates </link:label>
<link:label id="lab_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B_label_en-US" xlink:label="lab_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for Retirement of Members Subordinated Certificates </link:label>
<link:label id="lab_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B_documentation_en-US" xlink:label="lab_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The cash outflow from the repayment of members' subordinated certificates where a lender is placed in a lien position behind debt having a higher priority of repayment (senior) in case of liquidation of the entity's assets or underlying collateral. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PaymentsForRetirementOfMembersSubordinatedCertificates" xlink:label="loc_nru_PaymentsForRetirementOfMembersSubordinatedCertificates_474A6ACE0A748112324B8FDA681E1A8B" xlink:type="locator"/>
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<link:label id="lab_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C_negatedTerseLabel_en-US" xlink:label="lab_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Payments for retirement of patronage capital </link:label>
<link:label id="lab_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C_label_en-US" xlink:label="lab_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for Retirement of Patronage Capital </link:label>
<link:label id="lab_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C_documentation_en-US" xlink:label="lab_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Payments for Retirement of Patronage Capital </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PaymentsforRetirementofPatronageCapital" xlink:label="loc_nru_PaymentsforRetirementofPatronageCapital_DBAAF6997170C366FF208FDA681E982C" xlink:type="locator"/>
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<link:label id="lab_nru_ProceedsFromRepaymentsOfMembershipFees_BD42A6129920137E219F8FDA681EFA54_terseLabel_en-US" xlink:label="lab_nru_ProceedsFromRepaymentsOfMembershipFees_BD42A6129920137E219F8FDA681EFA54" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additions (repayments) for membership fees, net </link:label>
<link:label id="lab_nru_ProceedsFromRepaymentsOfMembershipFees_BD42A6129920137E219F8FDA681EFA54_label_en-US" xlink:label="lab_nru_ProceedsFromRepaymentsOfMembershipFees_BD42A6129920137E219F8FDA681EFA54" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds From (Repayments Of) Membership Fees </link:label>
<link:label id="lab_nru_ProceedsFromRepaymentsOfMembershipFees_BD42A6129920137E219F8FDA681EFA54_documentation_en-US" xlink:label="lab_nru_ProceedsFromRepaymentsOfMembershipFees_BD42A6129920137E219F8FDA681EFA54" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Proceeds From Repayments Of Membership Fees </link:label>
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<link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_BBF83D9566208DE99E011EEF68F57D31_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_4E72311658A15B7F964A53A8E66A99B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Derivative Instruments [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_DebtInstrumentTable_5BCE3BF1B4C481AB77E99141EBFF174E_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_5BCE3BF1B4C481AB77E99141EBFF174E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Long-term Debt Instruments [Table] </link:label>
<link:label id="lab_us-gaap_DebtInstrumentTable_5BCE3BF1B4C481AB77E99141EBFF174E_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_5BCE3BF1B4C481AB77E99141EBFF174E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Long-term Debt Instruments [Table] </link:label>
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<link:label id="lab_us-gaap_SubsequentEventTypeAxis_87119D0F6D7BE1B5BF039141EC001B64_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeAxis_87119D0F6D7BE1B5BF039141EC001B64" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type [Axis] </link:label>
<link:label id="lab_us-gaap_SubsequentEventTypeAxis_87119D0F6D7BE1B5BF039141EC001B64_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeAxis_87119D0F6D7BE1B5BF039141EC001B64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type [Axis] </link:label>
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<link:label id="lab_us-gaap_SubsequentEventTypeDomain_1FC0A1B076AAC3FB535F9141EC005C28_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeDomain_1FC0A1B076AAC3FB535F9141EC005C28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type [Domain] </link:label>
<link:label id="lab_us-gaap_SubsequentEventTypeDomain_1FC0A1B076AAC3FB535F9141EC005C28_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeDomain_1FC0A1B076AAC3FB535F9141EC005C28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsequent Event Type [Domain] </link:label>
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<link:label id="lab_us-gaap_SubsequentEventMember_E24FD4A900C87E7993EB9141EC000781_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventMember_E24FD4A900C87E7993EB9141EC000781" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subsequent Event </link:label>
<link:label id="lab_us-gaap_SubsequentEventMember_E24FD4A900C87E7993EB9141EC000781_label_en-US" xlink:label="lab_us-gaap_SubsequentEventMember_E24FD4A900C87E7993EB9141EC000781" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subsequent Event [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_E24FD4A900C87E7993EB9141EC000781" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LineOfCreditFacilityAxis_DE1DCF82E971201649849141EC012659_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityAxis_DE1DCF82E971201649849141EC012659" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lender Name [Axis] </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityAxis_DE1DCF82E971201649849141EC012659_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityAxis_DE1DCF82E971201649849141EC012659" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lender Name [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="loc_us-gaap_LineOfCreditFacilityAxis_DE1DCF82E971201649849141EC012659" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LineOfCreditFacilityLenderDomain_884A4BC913EEE17399679141EC01C70E_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLenderDomain_884A4BC913EEE17399679141EC01C70E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Lender [Domain] </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityLenderDomain_884A4BC913EEE17399679141EC01C70E_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLenderDomain_884A4BC913EEE17399679141EC01C70E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Lender [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="loc_us-gaap_LineOfCreditFacilityLenderDomain_884A4BC913EEE17399679141EC01C70E" xlink:type="locator"/>
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<link:label id="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C_terseLabel_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C_label_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation [Member] </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C_documentation_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to the lender, Federal Agricultural Mortgage Corporation. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FederalAgriculturalMortgageCorporationMember" xlink:label="loc_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C" xlink:to="lab_nru_FederalAgriculturalMortgageCorporationMember_E193AE06814DF4D528C99141EC017B8C" xlink:type="arc"/>
<link:label id="lab_us-gaap_LongtermDebtTypeAxis_14C729ACDC05F7B769F19141EC013ABA_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_14C729ACDC05F7B769F19141EC013ABA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type [Axis] </link:label>
<link:label id="lab_us-gaap_LongtermDebtTypeAxis_14C729ACDC05F7B769F19141EC013ABA_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_14C729ACDC05F7B769F19141EC013ABA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_14C729ACDC05F7B769F19141EC013ABA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LongtermDebtTypeDomain_913CE9D53DE50631F71F9141EC02B207_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_913CE9D53DE50631F71F9141EC02B207" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type [Domain] </link:label>
<link:label id="lab_us-gaap_LongtermDebtTypeDomain_913CE9D53DE50631F71F9141EC02B207_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_913CE9D53DE50631F71F9141EC02B207" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type [Domain] </link:label>
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<link:label id="lab_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481_terseLabel_en-US" xlink:label="lab_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2.30% CTB </link:label>
<link:label id="lab_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481_label_en-US" xlink:label="lab_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 2.30 Percent Collateral Trust Bonds [Member] </link:label>
<link:label id="lab_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481_documentation_en-US" xlink:label="lab_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 2.30 Percent Collateral Trust Bonds [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_A2.30PercentCollateralTrustBondsMember" xlink:label="loc_nru_A2.30PercentCollateralTrustBondsMember_5ED669F7809E96128B5F9141EC024481" xlink:type="locator"/>
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<link:label id="lab_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D_terseLabel_en-US" xlink:label="lab_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2.00 Percent Collateral Trust Bonds [Member] </link:label>
<link:label id="lab_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D_label_en-US" xlink:label="lab_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> 2.00 Percent Collateral Trust Bonds [Member] </link:label>
<link:label id="lab_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D_documentation_en-US" xlink:label="lab_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> 2.00 Percent Collateral Trust Bonds [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_A2.00PercentCollateralTrustBondsMember" xlink:label="loc_nru_A2.00PercentCollateralTrustBondsMember_89E614EE2D672FFC40359141EC02398D" xlink:type="locator"/>
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<link:label id="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260_verboseLabel_en-US" xlink:label="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Notes payable </link:label>
<link:label id="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260_label_en-US" xlink:label="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Secured Notes Payable [Member] </link:label>
<link:label id="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260_documentation_en-US" xlink:label="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to secured notes payable. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_SecuredNotesPayableMember" xlink:label="loc_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260" xlink:to="lab_nru_SecuredNotesPayableMember_00BD7AA8C63F0D7D983E9141EC03C260" xlink:type="arc"/>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50_terseLabel_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation First Revolving Note Purchase Agreement </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50_label_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation First Revolving Note Purchase Agreement [Member] </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50_documentation_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation First Revolving Note Purchase Agreement [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember" xlink:label="loc_nru_FederalAgriculturalMortgageCorporationFirstRevolvingNotePurchaseAgreementMember_A9D2A5899D2A493091CF9141EC030A50" xlink:type="locator"/>
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<link:label id="lab_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D_terseLabel_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation Second Revolving Note Purchase Agreement </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D_label_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation Second Revolving Note Purchase Agreement [Member] </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D_documentation_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation Second Revolving Note Purchase Agreement [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember" xlink:label="loc_nru_FederalAgriculturalMortgageCorporationSecondRevolvingNotePurchaseAgreementMember_648938E4859C1DB549349141EC03292D" xlink:type="locator"/>
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<link:label id="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66_terseLabel_en-US" xlink:label="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Unsecured Notes Payable </link:label>
<link:label id="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66_label_en-US" xlink:label="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Unsecured Notes Payable [Member] </link:label>
<link:label id="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66_documentation_en-US" xlink:label="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Unsecured Notes Payable [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_OtherUnsecuredNotesPayableMember" xlink:label="loc_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66" xlink:to="lab_nru_OtherUnsecuredNotesPayableMember_574F88DC050E55EB22999141EC033E66" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term debt </link:label>
<link:label id="lab_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F" xlink:to="lab_us-gaap_DebtInstrumentLineItems_8F5FF4BF9E2FD7C411399141EC046E7F" xlink:type="arc"/>
<link:label id="lab_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC_terseLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repayments of Secured Debt </link:label>
<link:label id="lab_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of Secured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC" xlink:to="lab_us-gaap_RepaymentsOfSecuredDebt_86CCFB660C18D93B81439141EC0427BC" xlink:type="arc"/>
<link:label id="lab_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB_terseLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Gross </link:label>
<link:label id="lab_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of Unsecured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfUnsecuredDebt" xlink:label="loc_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB" xlink:to="lab_us-gaap_RepaymentsOfUnsecuredDebt_66E0A3D6AB2DFC0B76F19141EC0490AB" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Interest Rate, Stated Percentage </link:label>
<link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Interest Rate, Stated Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B" xlink:to="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_64243DCA5D5999BD40589141EC04AE1B" xlink:type="arc"/>
<link:label id="lab_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term debt </link:label>
<link:label id="lab_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4_label_en-US" xlink:label="lab_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4" xlink:to="lab_us-gaap_LongTermDebt_267E49E4E4D3606DB75B9141EC0AEBA4" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Available under committed loan facilities </link:label>
<link:label id="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Unused Borrowing Capacity, Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount" xlink:label="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947" xlink:to="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_DAB7E42857FE80CAD7B39141EC0A6947" xlink:type="arc"/>
<link:label id="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580_terseLabel_en-US" xlink:label="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional Debt Instrument, Borrowing Capacity Available, Amount </link:label>
<link:label id="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580_label_en-US" xlink:label="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additional Debt Instrument, Borrowing Capacity Available, Amount </link:label>
<link:label id="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580_documentation_en-US" xlink:label="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Additional Debt Instrument, Borrowing Capacity Available, Amount </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount" xlink:label="loc_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580" xlink:to="lab_nru_AdditionalDebtInstrumentBorrowingCapacityAvailableAmount_4A424A97989220A5C5769141EC0A4580" xlink:type="arc"/>
<link:label id="lab_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0_terseLabel_en-US" xlink:label="lab_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum Percentage of Patronage Capital Distribution Allowed </link:label>
<link:label id="lab_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0_label_en-US" xlink:label="lab_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maximum Percentage of Patronage Capital Distribution Allowed </link:label>
<link:label id="lab_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0_documentation_en-US" xlink:label="lab_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Maximum Percentage of Patronage Capital Distribution Allowed </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MaximumPercentageofPatronageCapitalDistributionAllowed" xlink:label="loc_nru_MaximumPercentageofPatronageCapitalDistributionAllowed_8EC5EDF65BFE3E5F53799141EC0A78D0" xlink:type="locator"/>
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<link:label id="lab_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0_terseLabel_en-US" xlink:label="lab_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum borrowing capacity </link:label>
<link:label id="lab_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0_label_en-US" xlink:label="lab_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument Maximum Borrowing Capacity </link:label>
<link:label id="lab_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0_documentation_en-US" xlink:label="lab_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Maximum amount of borrowing capacity under the long term financing arrangement that is available to the entity as of the balance sheet date. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DebtInstrumentMaximumBorrowingCapacity" xlink:label="loc_nru_DebtInstrumentMaximumBorrowingCapacity_C6C3DF8C7FC983FD18ED9141EC0A90E0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short-term borrowings </link:label>
<link:label id="lab_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF_label_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF" xlink:to="lab_us-gaap_ShortTermBorrowings_5F28F5C462F1B989B72F9141EC0B83CF" xlink:type="arc"/>
<link:label id="lab_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC_terseLabel_en-US" xlink:label="lab_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument Fee Percentage </link:label>
<link:label id="lab_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC_label_en-US" xlink:label="lab_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument Fee Percentage </link:label>
<link:label id="lab_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC_documentation_en-US" xlink:label="lab_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt Instrument Fee Percentage </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DebtInstrumentFeePercentage" xlink:label="loc_nru_DebtInstrumentFeePercentage_5D6889E46029724F640D9141EC0BFFEC" xlink:type="locator"/>
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<link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_8890A23351C5F9790A619141EC0B37E7_negatedLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_8890A23351C5F9790A619141EC0B37E7" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Losses on early extinguishment of debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_8890A23351C5F9790A619141EC0B37E7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LongTermDebtTextBlock_F36297A60FBA69780E6F1EEF6875DBDF_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtTextBlock_4E5F941D71235FC18ABB26C08AFF789D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-Term Debt </link:label>
<link:label id="lab_us-gaap_LongTermDebtTextBlock_F36297A60FBA69780E6F1EEF6875DBDF_label_en-US" xlink:label="lab_us-gaap_LongTermDebtTextBlock_4E5F941D71235FC18ABB26C08AFF789D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="loc_us-gaap_LongTermDebtTextBlock_4E5F941D71235FC18ABB26C08AFF789D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfHeldToMaturitySecuritiesTable_AF8069401D557B4A54449018E8661DAC_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfHeldToMaturitySecuritiesTable_AF8069401D557B4A54449018E8661DAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity [Table] </link:label>
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<link:label id="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost_073264FFB1232D4E2E5A9018E86A17EA_terseLabel_en-US" xlink:label="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost_073264FFB1232D4E2E5A9018E86A17EA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 1 Year through 5 Years </link:label>
<link:label id="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost_073264FFB1232D4E2E5A9018E86A17EA_label_en-US" xlink:label="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost_073264FFB1232D4E2E5A9018E86A17EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost </link:label>
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<link:label id="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCost_3F83653566ECBD5870EC9018E86A4FE0_label_en-US" xlink:label="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCost_3F83653566ECBD5870EC9018E86A4FE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Amortized Cost </link:label>
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<link:label id="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293_terseLabel_en-US" xlink:label="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 10 Years </link:label>
<link:label id="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293_label_en-US" xlink:label="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Amortized Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost" xlink:label="loc_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293" xlink:to="lab_us-gaap_HeldtomaturitySecuritiesDebtMaturitiesRollingAfterTenYearsAmortizedCost_84D10BCA855FD028A8709018E86B5293" xlink:type="arc"/>
<link:label id="lab_us-gaap_HeldToMaturitySecurities_753EFDED5427CB957A329018E86B0728_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecurities_753EFDED5427CB957A329018E86B0728" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt securities held-to-maturity, at amortized cost </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecurities_753EFDED5427CB957A329018E86B0728_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecurities_753EFDED5427CB957A329018E86B0728" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="loc_us-gaap_HeldToMaturitySecurities_753EFDED5427CB957A329018E86B0728" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_9D216B724810BD2E6BCA9018E86B9B90_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_9D216B724810BD2E6BCA9018E86B9B90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Fair Value, Rolling Maturity [Abstract] </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_9D216B724810BD2E6BCA9018E86B9B90_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_9D216B724810BD2E6BCA9018E86B9B90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Fair Value, Rolling Maturity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueRollingMaturityAbstract" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueRollingMaturityAbstract_9D216B724810BD2E6BCA9018E86B9B90" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_2113F9A67B1E297EB78B9018E86B28CD_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_2113F9A67B1E297EB78B9018E86B28CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due in 1 Year or Less </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_2113F9A67B1E297EB78B9018E86B28CD_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_2113F9A67B1E297EB78B9018E86B28CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_2113F9A67B1E297EB78B9018E86B28CD" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 1 Year through 5 Years </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_6FCA0ED04212165929869018E86B2A56" xlink:type="arc"/>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_852C38D33B68BE9C9BE59018E86BA588_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_852C38D33B68BE9C9BE59018E86BA588" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 5 Years through 10 Years </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_852C38D33B68BE9C9BE59018E86BA588_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_852C38D33B68BE9C9BE59018E86BA588" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_852C38D33B68BE9C9BE59018E86BA588" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_0614CD316A7CF7CE62B39018E86C5EFB_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_0614CD316A7CF7CE62B39018E86C5EFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 10 Years </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_0614CD316A7CF7CE62B39018E86C5EFB_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_0614CD316A7CF7CE62B39018E86C5EFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesFairValue_F63734E7ED0C255B35679018E86C8978_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue_F63734E7ED0C255B35679018E86C8978" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Fair Value </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesFairValue_F63734E7ED0C255B35679018E86C8978_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue_F63734E7ED0C255B35679018E86C8978" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue_F63734E7ED0C255B35679018E86C8978" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityWithinOneYearWeightedAverageYield_F6E703AA6C61DF8321579018E86CC645_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityWithinOneYearWeightedAverageYield_F6E703AA6C61DF8321579018E86CC645" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due in 1 Year or Less </link:label>
<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityWithinOneYearWeightedAverageYield_F6E703AA6C61DF8321579018E86CC645_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityWithinOneYearWeightedAverageYield_F6E703AA6C61DF8321579018E86CC645" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, within One Year, Weighted Average Yield </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityMaturityWithinOneYearWeightedAverageYield" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityMaturityWithinOneYearWeightedAverageYield_F6E703AA6C61DF8321579018E86CC645" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterOneThroughFiveYearsWeightedAverageYield_C45B425759B54512C7A79018E86C6301_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterOneThroughFiveYearsWeightedAverageYield_C45B425759B54512C7A79018E86C6301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 1 Year through 5 Years </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterOneThroughFiveYearsWeightedAverageYield" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterOneThroughFiveYearsWeightedAverageYield_C45B425759B54512C7A79018E86C6301" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 5 Years through 10 Years </link:label>
<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, after Five Through Ten Years, Weighted Average Yield </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfterFiveThroughTenYearsWeightedAverageYield_D0983CDE605CC65B37A59018E86C5DE6" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Due 10 Years </link:label>
<link:label id="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, after 10 Years, Weighted Average Yield </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityMaturityAfter10YearsWeightedAverageYield_38735CB970A43B9A46F99018E86D8B32" xlink:type="arc"/>
<link:label id="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9_terseLabel_en-US" xlink:label="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Held To Maturity Securities Expected Debt Maturities Weighted Average Yield </link:label>
<link:label id="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9_label_en-US" xlink:label="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Held To Maturity Securities Expected Debt Maturities Weighted Average Yield </link:label>
<link:label id="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9_documentation_en-US" xlink:label="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Held To Maturity Securities Expected Debt Maturities Weighted Average Yield </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield" xlink:label="loc_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9" xlink:to="lab_nru_HeldToMaturitySecuritiesExpectedDebtMaturitiesWeightedAverageYield_8F6A511A8D779461ED509018E86DBFA9" xlink:type="arc"/>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_4484AAE082897E784F48A7BB77CA76CC_terseLabel_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_612E7B934F1E5809B9833BA839ABCECB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Farmer Mac notes payable </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_4484AAE082897E784F48A7BB77CA76CC_label_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_612E7B934F1E5809B9833BA839ABCECB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation Notes Payable [Member] </link:label>
<link:label id="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_4484AAE082897E784F48A7BB77CA76CC_documentation_en-US" xlink:label="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_612E7B934F1E5809B9833BA839ABCECB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Federal Agricultural Mortgage Corporation Notes Payable [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FederalAgriculturalMortgageCorporationNotesPayableMember" xlink:label="loc_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_612E7B934F1E5809B9833BA839ABCECB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_612E7B934F1E5809B9833BA839ABCECB" xlink:to="lab_nru_FederalAgriculturalMortgageCorporationNotesPayableMember_612E7B934F1E5809B9833BA839ABCECB" xlink:type="arc"/>
<link:label id="lab_nru_OtherSecuredNotesPayableMember_8E3A5DD1B02F0A4B702CA7BB77CA4BBB_terseLabel_en-US" xlink:label="lab_nru_OtherSecuredNotesPayableMember_F9F883096FC75DEDB365BD7E7E1F949D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Secured Notes Payable </link:label>
<link:label id="lab_nru_OtherSecuredNotesPayableMember_8E3A5DD1B02F0A4B702CA7BB77CA4BBB_label_en-US" xlink:label="lab_nru_OtherSecuredNotesPayableMember_F9F883096FC75DEDB365BD7E7E1F949D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Secured Notes Payable [Member] </link:label>
<link:label id="lab_nru_OtherSecuredNotesPayableMember_8E3A5DD1B02F0A4B702CA7BB77CA4BBB_documentation_en-US" xlink:label="lab_nru_OtherSecuredNotesPayableMember_F9F883096FC75DEDB365BD7E7E1F949D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Secured Notes Payable [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_OtherSecuredNotesPayableMember" xlink:label="loc_nru_OtherSecuredNotesPayableMember_F9F883096FC75DEDB365BD7E7E1F949D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_OtherSecuredNotesPayableMember_F9F883096FC75DEDB365BD7E7E1F949D" xlink:to="lab_nru_OtherSecuredNotesPayableMember_F9F883096FC75DEDB365BD7E7E1F949D" xlink:type="arc"/>
<link:label id="lab_us-gaap_SecuredDebtMember_004CFC6479C669714902A7BB77CB0F8C_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_03120E70D8C8516CBA9C18DF3857B76F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Secured Debt </link:label>
<link:label id="lab_us-gaap_SecuredDebtMember_004CFC6479C669714902A7BB77CB0F8C_label_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_03120E70D8C8516CBA9C18DF3857B76F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Secured Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuredDebtMember" xlink:label="loc_us-gaap_SecuredDebtMember_03120E70D8C8516CBA9C18DF3857B76F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebtMember_03120E70D8C8516CBA9C18DF3857B76F" xlink:to="lab_us-gaap_SecuredDebtMember_03120E70D8C8516CBA9C18DF3857B76F" xlink:type="arc"/>
<link:label id="lab_nru_MediumTermNotesSoldThroughDealersMember_C35CC1C152A31E30CE83A7BB77C99B0C_terseLabel_en-US" xlink:label="lab_nru_MediumTermNotesSoldThroughDealersMember_9C2F44DAD0275EB982FB42A9EAD97A89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Medium-term notes sold through dealers </link:label>
<link:label id="lab_nru_MediumTermNotesSoldThroughDealersMember_C35CC1C152A31E30CE83A7BB77C99B0C_label_en-US" xlink:label="lab_nru_MediumTermNotesSoldThroughDealersMember_9C2F44DAD0275EB982FB42A9EAD97A89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Medium Term Notes Sold Through Dealers [Member] </link:label>
<link:label id="lab_nru_MediumTermNotesSoldThroughDealersMember_C35CC1C152A31E30CE83A7BB77C99B0C_documentation_en-US" xlink:label="lab_nru_MediumTermNotesSoldThroughDealersMember_9C2F44DAD0275EB982FB42A9EAD97A89" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to medium-term notes sold through dealers in the capital markets. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MediumTermNotesSoldThroughDealersMember" xlink:label="loc_nru_MediumTermNotesSoldThroughDealersMember_9C2F44DAD0275EB982FB42A9EAD97A89" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MediumTermNotesSoldThroughDealersMember_9C2F44DAD0275EB982FB42A9EAD97A89" xlink:to="lab_nru_MediumTermNotesSoldThroughDealersMember_9C2F44DAD0275EB982FB42A9EAD97A89" xlink:type="arc"/>
<link:label id="lab_nru_MediumTermNotesSoldToMembersMember_DC5AC755C8056883CD5AA7BB77C9C4CF_terseLabel_en-US" xlink:label="lab_nru_MediumTermNotesSoldToMembersMember_2CE181DA96465892ABEA309CAFB6CA6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Medium-term notes sold to members </link:label>
<link:label id="lab_nru_MediumTermNotesSoldToMembersMember_DC5AC755C8056883CD5AA7BB77C9C4CF_label_en-US" xlink:label="lab_nru_MediumTermNotesSoldToMembersMember_2CE181DA96465892ABEA309CAFB6CA6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Medium Term Notes Sold to Members [Member] </link:label>
<link:label id="lab_nru_MediumTermNotesSoldToMembersMember_DC5AC755C8056883CD5AA7BB77C9C4CF_documentation_en-US" xlink:label="lab_nru_MediumTermNotesSoldToMembersMember_2CE181DA96465892ABEA309CAFB6CA6B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to medium-term notes sold to members. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MediumTermNotesSoldToMembersMember" xlink:label="loc_nru_MediumTermNotesSoldToMembersMember_2CE181DA96465892ABEA309CAFB6CA6B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MediumTermNotesSoldToMembersMember_2CE181DA96465892ABEA309CAFB6CA6B" xlink:to="lab_nru_MediumTermNotesSoldToMembersMember_2CE181DA96465892ABEA309CAFB6CA6B" xlink:type="arc"/>
<link:label id="lab_nru_UnsecuredMediumTermNotesMember_A1CF06BD8680B0C2C44BA7BB77C9A33F_terseLabel_en-US" xlink:label="lab_nru_UnsecuredMediumTermNotesMember_A79A620BA2DA54E683FFE9B26ABD7427" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unsecured Medium Term Notes </link:label>
<link:label id="lab_nru_UnsecuredMediumTermNotesMember_A1CF06BD8680B0C2C44BA7BB77C9A33F_label_en-US" xlink:label="lab_nru_UnsecuredMediumTermNotesMember_A79A620BA2DA54E683FFE9B26ABD7427" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unsecured Medium Term Notes [Member] </link:label>
<link:label id="lab_nru_UnsecuredMediumTermNotesMember_A1CF06BD8680B0C2C44BA7BB77C9A33F_documentation_en-US" xlink:label="lab_nru_UnsecuredMediumTermNotesMember_A79A620BA2DA54E683FFE9B26ABD7427" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to unsecured medium-term notes. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_UnsecuredMediumTermNotesMember" xlink:label="loc_nru_UnsecuredMediumTermNotesMember_A79A620BA2DA54E683FFE9B26ABD7427" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_UnsecuredMediumTermNotesMember_A79A620BA2DA54E683FFE9B26ABD7427" xlink:to="lab_nru_UnsecuredMediumTermNotesMember_A79A620BA2DA54E683FFE9B26ABD7427" xlink:type="arc"/>
<link:label id="lab_nru_UnsecuredNotesPayableMember_234A662A7C9C8ECB0055A7BB77C9B5DA_terseLabel_en-US" xlink:label="lab_nru_UnsecuredNotesPayableMember_8CF32FB3E30C571AA7615B43C142FFF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unsecured notes payable </link:label>
<link:label id="lab_nru_UnsecuredNotesPayableMember_234A662A7C9C8ECB0055A7BB77C9B5DA_label_en-US" xlink:label="lab_nru_UnsecuredNotesPayableMember_8CF32FB3E30C571AA7615B43C142FFF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unsecured Notes Payable [Member] </link:label>
<link:label id="lab_nru_UnsecuredNotesPayableMember_234A662A7C9C8ECB0055A7BB77C9B5DA_documentation_en-US" xlink:label="lab_nru_UnsecuredNotesPayableMember_8CF32FB3E30C571AA7615B43C142FFF3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to unsecured notes payable. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_UnsecuredNotesPayableMember" xlink:label="loc_nru_UnsecuredNotesPayableMember_8CF32FB3E30C571AA7615B43C142FFF3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_UnsecuredNotesPayableMember_8CF32FB3E30C571AA7615B43C142FFF3" xlink:to="lab_nru_UnsecuredNotesPayableMember_8CF32FB3E30C571AA7615B43C142FFF3" xlink:type="arc"/>
<link:label id="lab_us-gaap_UnsecuredDebtMember_513E7531BC947D1D6B37A7BB77CAF758_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_3D5D57703B8D50A284A4DAB2B093C35F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unsecured Debt </link:label>
<link:label id="lab_us-gaap_UnsecuredDebtMember_513E7531BC947D1D6B37A7BB77CAF758_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_3D5D57703B8D50A284A4DAB2B093C35F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unsecured Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_3D5D57703B8D50A284A4DAB2B093C35F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebtMember_3D5D57703B8D50A284A4DAB2B093C35F" xlink:to="lab_us-gaap_UnsecuredDebtMember_3D5D57703B8D50A284A4DAB2B093C35F" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_910561296E10F5CF849EA7BB77CBFAF5_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_762FB1CCBDE05979872591B1370163FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Gross </link:label>
<link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_910561296E10F5CF849EA7BB77CBFAF5_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_762FB1CCBDE05979872591B1370163FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_762FB1CCBDE05979872591B1370163FF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_762FB1CCBDE05979872591B1370163FF" xlink:to="lab_us-gaap_DebtInstrumentCarryingAmount_762FB1CCBDE05979872591B1370163FF" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_0E52EF2F11B34003C53AA7BB77CB6C4E_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_43BE781D55D95A4D8155AC865D968F23" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Unamortized discount </link:label>
<link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_0E52EF2F11B34003C53AA7BB77CB6C4E_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_43BE781D55D95A4D8155AC865D968F23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Unamortized Discount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount_43BE781D55D95A4D8155AC865D968F23" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeTable_E98A3185D58BED4C492686D064379490_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeTable_E98A3185D58BED4C492686D064379490" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative [Table] </link:label>
<link:label id="lab_us-gaap_DerivativeTable_E98A3185D58BED4C492686D064379490_label_en-US" xlink:label="lab_us-gaap_DerivativeTable_E98A3185D58BED4C492686D064379490" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative [Table] </link:label>
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<link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_68B96122185C0EA0251A86D064386EBC_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_68B96122185C0EA0251A86D064386EBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Instrument [Axis] </link:label>
<link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_68B96122185C0EA0251A86D064386EBC_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_68B96122185C0EA0251A86D064386EBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Instrument [Axis] </link:label>
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<link:label id="lab_us-gaap_DerivativeContractTypeDomain_326FB69D3ABE08CD4E6B86D06438A46C_label_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_326FB69D3ABE08CD4E6B86D06438A46C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Contract [Domain] </link:label>
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<link:label id="lab_nru_InterestRateSwapswithCFCRatingTriggerandTreasuryLockMember_91111A209F8A9D760CDD86D06438B594_label_en-US" xlink:label="lab_nru_InterestRateSwapswithCFCRatingTriggerandTreasuryLockMember_91111A209F8A9D760CDD86D06438B594" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Rate Swaps with CFC Rating Trigger and Treasury Lock [Member] </link:label>
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<link:loc xlink:href="nru-20191130.xsd#nru_InterestRateSwapswithCFCRatingTriggerandTreasuryLockMember" xlink:label="loc_nru_InterestRateSwapswithCFCRatingTriggerandTreasuryLockMember_91111A209F8A9D760CDD86D06438B594" xlink:type="locator"/>
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<link:label id="lab_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B_terseLabel_en-US" xlink:label="lab_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Rate Swaps and Treasury Lock </link:label>
<link:label id="lab_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B_label_en-US" xlink:label="lab_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Rate Swaps and Treasury Lock [Member] </link:label>
<link:label id="lab_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B_documentation_en-US" xlink:label="lab_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest Rate Swaps and Treasury Lock [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_InterestRateSwapsandTreasuryLockMember" xlink:label="loc_nru_InterestRateSwapsandTreasuryLockMember_A62C09279CB176B5FBC486D06439EC1B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeLineItems_983D712C8C81130E35DC86D064395E01_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_983D712C8C81130E35DC86D064395E01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative [Line Items] </link:label>
<link:label id="lab_us-gaap_DerivativeLineItems_983D712C8C81130E35DC86D064395E01_label_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_983D712C8C81130E35DC86D064395E01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_983D712C8C81130E35DC86D064395E01" xlink:type="locator"/>
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<link:label id="lab_invest_DerivativeNotionalAmount_474CF18A5AEC2934F9FE86D064393059_terseLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_474CF18A5AEC2934F9FE86D064393059" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative, Notional Amount </link:label>
<link:label id="lab_invest_DerivativeNotionalAmount_474CF18A5AEC2934F9FE86D064393059_label_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_474CF18A5AEC2934F9FE86D064393059" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Notional Amount </link:label>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_474CF18A5AEC2934F9FE86D064393059" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AssetsNeededForImmediateSettlementAggregateFairValue_EFA5D701838EC045AAB286D0643926FC_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsNeededForImmediateSettlementAggregateFairValue_EFA5D701838EC045AAB286D0643926FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets Needed for Immediate Settlement, Aggregate Fair Value </link:label>
<link:label id="lab_us-gaap_AssetsNeededForImmediateSettlementAggregateFairValue_EFA5D701838EC045AAB286D0643926FC_label_en-US" xlink:label="lab_us-gaap_AssetsNeededForImmediateSettlementAggregateFairValue_EFA5D701838EC045AAB286D0643926FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets Needed for Immediate Settlement, Aggregate Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsNeededForImmediateSettlementAggregateFairValue" xlink:label="loc_us-gaap_AssetsNeededForImmediateSettlementAggregateFairValue_EFA5D701838EC045AAB286D0643926FC" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ConcentrationRiskPercentage1_2C278D9FDF3124BED6A986D06439F2A7_terseLabel_en-US" xlink:label="lab_us-gaap_ConcentrationRiskPercentage1_2C278D9FDF3124BED6A986D06439F2A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Concentration Risk, Percentage </link:label>
<link:label id="lab_us-gaap_ConcentrationRiskPercentage1_2C278D9FDF3124BED6A986D06439F2A7_label_en-US" xlink:label="lab_us-gaap_ConcentrationRiskPercentage1_2C278D9FDF3124BED6A986D06439F2A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Concentration Risk, Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="loc_us-gaap_ConcentrationRiskPercentage1_2C278D9FDF3124BED6A986D06439F2A7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_F12784814E4614E4809D86D0643A56A6_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_F12784814E4614E4809D86D0643A56A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative, Net Liability Position, Aggregate Fair Value </link:label>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableDisclosureAbstract_CA04ABD462BA7F1823AAA676116C20B9_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableDisclosureAbstract_D4EF056ED3885F2CB2445747C5C15C89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable Disclosure [Abstract] </link:label>
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<link:label id="lab_srt_ConsolidatedEntitiesDomain_EAB3F7C85541E879D314A676116C6E64_terseLabel_en-US" xlink:label="lab_srt_ConsolidatedEntitiesDomain_73A5C59DE17B57C188616E9FC3DD4EE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidated Entities [Domain] </link:label>
<link:label id="lab_srt_ConsolidatedEntitiesDomain_EAB3F7C85541E879D314A676116C6E64_label_en-US" xlink:label="lab_srt_ConsolidatedEntitiesDomain_73A5C59DE17B57C188616E9FC3DD4EE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidated Entities [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_73A5C59DE17B57C188616E9FC3DD4EE5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntitiesDomain_73A5C59DE17B57C188616E9FC3DD4EE5" xlink:to="lab_srt_ConsolidatedEntitiesDomain_73A5C59DE17B57C188616E9FC3DD4EE5" xlink:type="arc"/>
<link:label id="lab_srt_ParentCompanyMember_0D477F68C2B75F7B3705A676116D2C88_terseLabel_en-US" xlink:label="lab_srt_ParentCompanyMember_ED7B05117B3E5366AED5F099B2F9BA42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CFC </link:label>
<link:label id="lab_srt_ParentCompanyMember_0D477F68C2B75F7B3705A676116D2C88_label_en-US" xlink:label="lab_srt_ParentCompanyMember_ED7B05117B3E5366AED5F099B2F9BA42" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Parent Company [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ParentCompanyMember" xlink:label="loc_srt_ParentCompanyMember_ED7B05117B3E5366AED5F099B2F9BA42" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ParentCompanyMember_ED7B05117B3E5366AED5F099B2F9BA42" xlink:to="lab_srt_ParentCompanyMember_ED7B05117B3E5366AED5F099B2F9BA42" xlink:type="arc"/>
<link:label id="lab_nru_RuralTelephoneFinanceCooperativeMember_5AB54E4A0C03202C09F0A676116E1DA8_terseLabel_en-US" xlink:label="lab_nru_RuralTelephoneFinanceCooperativeMember_E5539B5FA9A8505FB2A3DA523F0E6DE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> RTFC </link:label>
<link:label id="lab_nru_RuralTelephoneFinanceCooperativeMember_5AB54E4A0C03202C09F0A676116E1DA8_label_en-US" xlink:label="lab_nru_RuralTelephoneFinanceCooperativeMember_E5539B5FA9A8505FB2A3DA523F0E6DE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Rural Telephone Finance Cooperative [Member] </link:label>
<link:label id="lab_nru_RuralTelephoneFinanceCooperativeMember_5AB54E4A0C03202C09F0A676116E1DA8_documentation_en-US" xlink:label="lab_nru_RuralTelephoneFinanceCooperativeMember_E5539B5FA9A8505FB2A3DA523F0E6DE4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to Rural Telephone Finance Cooperative. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_RuralTelephoneFinanceCooperativeMember" xlink:label="loc_nru_RuralTelephoneFinanceCooperativeMember_E5539B5FA9A8505FB2A3DA523F0E6DE4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_RuralTelephoneFinanceCooperativeMember_E5539B5FA9A8505FB2A3DA523F0E6DE4" xlink:to="lab_nru_RuralTelephoneFinanceCooperativeMember_E5539B5FA9A8505FB2A3DA523F0E6DE4" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalCreditAssessmentAxis_739AA433BB0C5D7168B0A676116E6CE1_verboseLabel_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentAxis_8EB9EB3D7E3753C0ACC979938748CBB4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Axis] </link:label>
<link:label id="lab_us-gaap_InternalCreditAssessmentAxis_739AA433BB0C5D7168B0A676116E6CE1_label_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentAxis_8EB9EB3D7E3753C0ACC979938748CBB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="loc_us-gaap_InternalCreditAssessmentAxis_8EB9EB3D7E3753C0ACC979938748CBB4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalCreditAssessmentAxis_8EB9EB3D7E3753C0ACC979938748CBB4" xlink:to="lab_us-gaap_InternalCreditAssessmentAxis_8EB9EB3D7E3753C0ACC979938748CBB4" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalCreditAssessmentDomain_FC051C1915461D07DAE1A676116E9CCE_terseLabel_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentDomain_41FDB75324B15E2C82FF32C56BADB93C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-performing and restructured loans: </link:label>
<link:label id="lab_us-gaap_InternalCreditAssessmentDomain_FC051C1915461D07DAE1A676116E9CCE_label_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentDomain_41FDB75324B15E2C82FF32C56BADB93C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalCreditAssessmentDomain" xlink:label="loc_us-gaap_InternalCreditAssessmentDomain_41FDB75324B15E2C82FF32C56BADB93C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalCreditAssessmentDomain_41FDB75324B15E2C82FF32C56BADB93C" xlink:to="lab_us-gaap_InternalCreditAssessmentDomain_41FDB75324B15E2C82FF32C56BADB93C" xlink:type="arc"/>
<link:label id="lab_nru_PerformingTroubledDebtRestructuringLoansMember_306C94C11C1F0A6B492CA676116E8B1F_terseLabel_en-US" xlink:label="lab_nru_PerformingTroubledDebtRestructuringLoansMember_903944A87F3D5953B326EE2E36101683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Performing TDR loans </link:label>
<link:label id="lab_nru_PerformingTroubledDebtRestructuringLoansMember_306C94C11C1F0A6B492CA676116E8B1F_label_en-US" xlink:label="lab_nru_PerformingTroubledDebtRestructuringLoansMember_903944A87F3D5953B326EE2E36101683" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Performing Troubled Debt Restructuring Loans [Member] </link:label>
<link:label id="lab_nru_PerformingTroubledDebtRestructuringLoansMember_306C94C11C1F0A6B492CA676116E8B1F_documentation_en-US" xlink:label="lab_nru_PerformingTroubledDebtRestructuringLoansMember_903944A87F3D5953B326EE2E36101683" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Performing Troubled Debt Restructuring Loans [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PerformingTroubledDebtRestructuringLoansMember" xlink:label="loc_nru_PerformingTroubledDebtRestructuringLoansMember_903944A87F3D5953B326EE2E36101683" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_PerformingTroubledDebtRestructuringLoansMember_903944A87F3D5953B326EE2E36101683" xlink:to="lab_nru_PerformingTroubledDebtRestructuringLoansMember_903944A87F3D5953B326EE2E36101683" xlink:type="arc"/>
<link:label id="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_00D7053A7702844317A8A676116F8108_terseLabel_en-US" xlink:label="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_77C02B18C5425CEFBEA70C78468008C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total TDR loans </link:label>
<link:label id="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_00D7053A7702844317A8A676116F8108_label_en-US" xlink:label="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_77C02B18C5425CEFBEA70C78468008C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Troubled Debt Restructuring Financing Receivable [Member] </link:label>
<link:label id="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_00D7053A7702844317A8A676116F8108_documentation_en-US" xlink:label="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_77C02B18C5425CEFBEA70C78468008C9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Troubled Debt Restructuring Financing Receivable [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_TroubledDebtRestructuringFinancingReceivableMember" xlink:label="loc_nru_TroubledDebtRestructuringFinancingReceivableMember_77C02B18C5425CEFBEA70C78468008C9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_TroubledDebtRestructuringFinancingReceivableMember_77C02B18C5425CEFBEA70C78468008C9" xlink:to="lab_nru_TroubledDebtRestructuringFinancingReceivableMember_77C02B18C5425CEFBEA70C78468008C9" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableModificationsLineItems_B9BB19669BB4612DA7D8A676116FA9F0_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsLineItems_E7831B6353C857258D0CCAB492A1DF4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring [Line Items] </link:label>
<link:label id="lab_us-gaap_FinancingReceivableModificationsLineItems_B9BB19669BB4612DA7D8A676116FA9F0_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsLineItems_E7831B6353C857258D0CCAB492A1DF4C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableModificationsLineItems" xlink:label="loc_us-gaap_FinancingReceivableModificationsLineItems_E7831B6353C857258D0CCAB492A1DF4C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableModificationsLineItems_E7831B6353C857258D0CCAB492A1DF4C" xlink:to="lab_us-gaap_FinancingReceivableModificationsLineItems_E7831B6353C857258D0CCAB492A1DF4C" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_6FED5731B4061EA92EC8A676116F268F_verboseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_0C6B3570CAA05558BB388459289190FC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Loans outstanding </link:label>
<link:label id="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_6FED5731B4061EA92EC8A676116F268F_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_0C6B3570CAA05558BB388459289190FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableModificationsRecordedInvestment" xlink:label="loc_us-gaap_FinancingReceivableModificationsRecordedInvestment_0C6B3570CAA05558BB388459289190FC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableModificationsRecordedInvestment_0C6B3570CAA05558BB388459289190FC" xlink:to="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_0C6B3570CAA05558BB388459289190FC" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_8F8FD2068B0C3437409EA676116FAEB8_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_900F960F8E525F61B749A28038160391" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total recorded investment in loans </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_8F8FD2068B0C3437409EA676116FAEB8_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_900F960F8E525F61B749A28038160391" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net of Deferred Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome" xlink:label="loc_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_900F960F8E525F61B749A28038160391" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_900F960F8E525F61B749A28038160391" xlink:to="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_900F960F8E525F61B749A28038160391" xlink:type="arc"/>
<link:label id="lab_nru_PerformingTDRLoansAsPercentageofTotalLoans_283A0778E7523D4D5A92A6761170A528_terseLabel_en-US" xlink:label="lab_nru_PerformingTDRLoansAsPercentageofTotalLoans_85305E3384C2543B89D429F7069B96FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Performing TDR Loans As Percentage of Total Loans </link:label>
<link:label id="lab_nru_PerformingTDRLoansAsPercentageofTotalLoans_283A0778E7523D4D5A92A6761170A528_label_en-US" xlink:label="lab_nru_PerformingTDRLoansAsPercentageofTotalLoans_85305E3384C2543B89D429F7069B96FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Performing TDR Loans As Percentage of Total Loans </link:label>
<link:label id="lab_nru_PerformingTDRLoansAsPercentageofTotalLoans_283A0778E7523D4D5A92A6761170A528_documentation_en-US" xlink:label="lab_nru_PerformingTDRLoansAsPercentageofTotalLoans_85305E3384C2543B89D429F7069B96FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Performing TDR Loans As Percentage of Total Loans </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PerformingTDRLoansAsPercentageofTotalLoans" xlink:label="loc_nru_PerformingTDRLoansAsPercentageofTotalLoans_85305E3384C2543B89D429F7069B96FA" xlink:type="locator"/>
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<link:label id="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_520A3CBA936B9E0E8196A67611709E4D_terseLabel_en-US" xlink:label="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_F2D6A0D276CA561C8ABFA58E4A0AEF09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable Commercial, Net of Deferred Income, Percentage </link:label>
<link:label id="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_520A3CBA936B9E0E8196A67611709E4D_label_en-US" xlink:label="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_F2D6A0D276CA561C8ABFA58E4A0AEF09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable Commercial, Net of Deferred Income, Percentage </link:label>
<link:label id="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_520A3CBA936B9E0E8196A67611709E4D_documentation_en-US" xlink:label="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_F2D6A0D276CA561C8ABFA58E4A0AEF09" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the percentage of total loan that is represented by a particular financial receivable category. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage" xlink:label="loc_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_F2D6A0D276CA561C8ABFA58E4A0AEF09" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueDisclosuresAbstract_3DACD1B98BE1AD8911501EF369E2589A_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract_82336A1695EF5C23AB56855E11816BAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Disclosures [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_82336A1695EF5C23AB56855E11816BAA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4F9F810AF8105B1ADA341EF369E200E2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_C74ECCCA339A524D915B471795CDAB2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Recurring and Nonrecurring [Table] </link:label>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_4F9F810AF8105B1ADA341EF369E200E2_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_C74ECCCA339A524D915B471795CDAB2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Recurring and Nonrecurring [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_C74ECCCA339A524D915B471795CDAB2A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_73778D5934C5117CC6DB1EF369E2537D_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain_BF9CAA6F34B6569BB6D907EB546A81A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Frequency [Domain] </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_462BC88C5FB447070B2F1EF369E35B1D_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_037173F54EAF5A25ACAD3C7F0B11B7DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recurring basis </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_462BC88C5FB447070B2F1EF369E35B1D_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_037173F54EAF5A25ACAD3C7F0B11B7DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Recurring [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_037173F54EAF5A25ACAD3C7F0B11B7DB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_43489F6D9D77909D3EC51EF369E30A8B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_7276BE94477D5E669DA71D8C84CA7B00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy and NAV [Axis] </link:label>
<link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_43489F6D9D77909D3EC51EF369E30A8B_label_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_7276BE94477D5E669DA71D8C84CA7B00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy and NAV [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_7276BE94477D5E669DA71D8C84CA7B00" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_B859F55BE4F6AEB5F80A1EF369E3BC26_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_787BBA007E8C5CB9ADF67BE5E73C3603" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy and NAV [Domain] </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_B859F55BE4F6AEB5F80A1EF369E3BC26_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_787BBA007E8C5CB9ADF67BE5E73C3603" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy and NAV [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_787BBA007E8C5CB9ADF67BE5E73C3603" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueInputsLevel1Member_9CD68164467812797C161EF369E303AD_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_97674B60A82C5C2F8697E30656AA1D89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 1 </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel1Member_9CD68164467812797C161EF369E303AD_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_97674B60A82C5C2F8697E30656AA1D89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 1 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_97674B60A82C5C2F8697E30656AA1D89" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueInputsLevel2Member_FB4B29BA702083374D581EF369E47A89_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_403F19A4C8D452E98D2035127D66F846" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 2 </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel2Member_FB4B29BA702083374D581EF369E47A89_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_403F19A4C8D452E98D2035127D66F846" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 2 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_403F19A4C8D452E98D2035127D66F846" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_9000D1F42DAEA65E2C4D1EF369E499E6_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_CA2594B8EED5568DB34629964EE7214E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_CA2594B8EED5568DB34629964EE7214E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DeferredCompensationPlanAssets_4C80A8BA84FF970F8C8C1EF369EA56F1_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCompensationPlanAssets_0A466ED4CA0C573DA9CA6CFE65EB104A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred Compensation Plan Assets </link:label>
<link:label id="lab_us-gaap_DeferredCompensationPlanAssets_4C80A8BA84FF970F8C8C1EF369EA56F1_label_en-US" xlink:label="lab_us-gaap_DeferredCompensationPlanAssets_0A466ED4CA0C573DA9CA6CFE65EB104A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Compensation Plan Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCompensationPlanAssets" xlink:label="loc_us-gaap_DeferredCompensationPlanAssets_0A466ED4CA0C573DA9CA6CFE65EB104A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeAssets_BE2D21EA91BC862FF7311EF369EA0E83_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_592A2A77C8CE5828A9D3491728C4D85F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative assets </link:label>
<link:label id="lab_us-gaap_DerivativeAssets_BE2D21EA91BC862FF7311EF369EA0E83_label_en-US" xlink:label="lab_us-gaap_DerivativeAssets_592A2A77C8CE5828A9D3491728C4D85F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset </link:label>
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<link:label id="lab_us-gaap_DerivativeLiabilities_D90E223F551A7B3EE28F1EF369EA67AB_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_EDFA5767F18558D794E82F033FF30EB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative liabilities </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilities_D90E223F551A7B3EE28F1EF369EA67AB_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_EDFA5767F18558D794E82F033FF30EB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementInputsDisclosureTextBlock_64C8EA4785E44CB8E9661EEF6A04B7ED_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementInputsDisclosureTextBlock_F90189CEE70D50258BB786C109BD4967" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement </link:label>
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<link:label id="lab_nru_ScheduleOfFinancingReceivableAndUnadvancedCommitmentsTableTextBlock_FEC46F703E1E1525B82E1EEF69205042_terseLabel_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivableAndUnadvancedCommitmentsTableTextBlock_3A7ABD62F54E5BCB9912CFD67B0B4FE0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of loans outstanding to members and unadvanced commitments by loan type and by member class </link:label>
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<link:label id="lab_nru_ScheduleofAvailableBalanceandMaturitiesofLinesofCreditTableTextBlock_B3CF036EACE27F9ED2DA1EEF6920569E_terseLabel_en-US" xlink:label="lab_nru_ScheduleofAvailableBalanceandMaturitiesofLinesofCreditTableTextBlock_77412AB6200659D5B7CF6095BBA4E7CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of available balance and maturities of lines of credit </link:label>
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<link:label id="lab_nru_ScheduleOfAvailableBalanceAndMaturitiesOfCommittedLinesOfCreditTableTextBlock_9990A6B7C0E11E9A216A1EEF692093DF_terseLabel_en-US" xlink:label="lab_nru_ScheduleOfAvailableBalanceAndMaturitiesOfCommittedLinesOfCreditTableTextBlock_D7880C2B78925E34B6E933B50C17316E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of available balance under committed lines of credit and the related maturities by fiscal year </link:label>
<link:label id="lab_nru_ScheduleOfAvailableBalanceAndMaturitiesOfCommittedLinesOfCreditTableTextBlock_9990A6B7C0E11E9A216A1EEF692093DF_label_en-US" xlink:label="lab_nru_ScheduleOfAvailableBalanceAndMaturitiesOfCommittedLinesOfCreditTableTextBlock_D7880C2B78925E34B6E933B50C17316E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Available Balance and Maturities of Committed Lines of Credit [Table Text Block] </link:label>
<link:label id="lab_nru_ScheduleOfAvailableBalanceAndMaturitiesOfCommittedLinesOfCreditTableTextBlock_9990A6B7C0E11E9A216A1EEF692093DF_documentation_en-US" xlink:label="lab_nru_ScheduleOfAvailableBalanceAndMaturitiesOfCommittedLinesOfCreditTableTextBlock_D7880C2B78925E34B6E933B50C17316E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of available balance under committed lines of credit and the related maturities by fiscal year. </link:label>
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<link:label id="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralAgainstDebtInstrumentsTableTextBlock_3511B4E05E6356A870A31EEF6920896E_terseLabel_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralAgainstDebtInstrumentsTableTextBlock_5ADDFDC5DF935D98809F9875D5D9B017" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 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 </link:label>
<link:label id="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralAgainstDebtInstrumentsTableTextBlock_3511B4E05E6356A870A31EEF6920896E_label_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralAgainstDebtInstrumentsTableTextBlock_5ADDFDC5DF935D98809F9875D5D9B017" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Financing Receivables Pledged as Collateral Against Debt Instruments [Table Text Block] </link:label>
<link:label id="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralAgainstDebtInstrumentsTableTextBlock_3511B4E05E6356A870A31EEF6920896E_documentation_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralAgainstDebtInstrumentsTableTextBlock_5ADDFDC5DF935D98809F9875D5D9B017" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of loans outstanding as collateral pledged to secure outstanding debt instruments. </link:label>
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<link:label id="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_B43F6BE2524CC0A593C11EEF6921EFF1_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_E8B254A6B59D57AD8D23408A4CB255A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of loan portfolio by risk rating category and member class based on available data </link:label>
<link:label id="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_B43F6BE2524CC0A593C11EEF6921EFF1_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_E8B254A6B59D57AD8D23408A4CB255A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Credit Quality Indicators [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_PastDueFinancingReceivablesTableTextBlock_54288C34EE9912CA96A11EEF6921D70F_terseLabel_en-US" xlink:label="lab_us-gaap_PastDueFinancingReceivablesTableTextBlock_0DF1428C835F5DCABA03AA3ADA8EAB14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Past Due Financing Receivables </link:label>
<link:label id="lab_us-gaap_PastDueFinancingReceivablesTableTextBlock_54288C34EE9912CA96A11EEF6921D70F_label_en-US" xlink:label="lab_us-gaap_PastDueFinancingReceivablesTableTextBlock_0DF1428C835F5DCABA03AA3ADA8EAB14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Past Due [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_224AFCAFE0169164A3ED1EEF692198A2_terseLabel_en-US" xlink:label="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_97A24CE962EB569AA0B71B12A864E1C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Troubled Debt Restructured loans </link:label>
<link:label id="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_224AFCAFE0169164A3ED1EEF692198A2_label_en-US" xlink:label="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_97A24CE962EB569AA0B71B12A864E1C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock" xlink:label="loc_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_97A24CE962EB569AA0B71B12A864E1C7" xlink:type="locator"/>
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<link:label id="lab_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E5AE8DD7DD9A2556038C1EEF6921F42D_terseLabel_en-US" xlink:label="lab_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E9BBC2BC3D725636AE26BC02B7907CA7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable with Related Allowance Recorded Investment </link:label>
<link:label id="lab_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E5AE8DD7DD9A2556038C1EEF6921F42D_label_en-US" xlink:label="lab_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E9BBC2BC3D725636AE26BC02B7907CA7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable with Related Allowance Recorded Investment [Table Text Block] </link:label>
<link:label id="lab_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E5AE8DD7DD9A2556038C1EEF6921F42D_documentation_en-US" xlink:label="lab_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E9BBC2BC3D725636AE26BC02B7907CA7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of investment in impaired financing receivables for which there is a related allowance for credit losses. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock" xlink:label="loc_nru_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestmentTableTextBlock_E9BBC2BC3D725636AE26BC02B7907CA7" xlink:type="locator"/>
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<link:label id="lab_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_FE95E2A4EAABF5693E321EEF6922F46F_terseLabel_en-US" xlink:label="lab_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_70EE92D49481597D83241AD150D33BEF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of average recorded investment in impaired loans and the interest income recognized by member class </link:label>
<link:label id="lab_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_FE95E2A4EAABF5693E321EEF6922F46F_label_en-US" xlink:label="lab_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_70EE92D49481597D83241AD150D33BEF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable Average Recorded Investment and Interest Income Recognized [Table Text Block] </link:label>
<link:label id="lab_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_FE95E2A4EAABF5693E321EEF6922F46F_documentation_en-US" xlink:label="lab_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_70EE92D49481597D83241AD150D33BEF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of average amount of investment of impaired financing receivables and the interest income recognized. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock" xlink:label="loc_nru_ImpairedFinancingReceivableAverageRecordedInvestmentAndInterestIncomeRecognizedTableTextBlock_70EE92D49481597D83241AD150D33BEF" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_32C42484E500C7460878A67613354C34_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_B71F0A020B02527F9941B5EBD4834709" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_32C42484E500C7460878A67613354C34_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_B71F0A020B02527F9941B5EBD4834709" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table] </link:label>
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<link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_06C0CD8894BA2846936DA6761336AFB0_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_BAC8E7A15EBE538FBB213C5BC47EB25D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities [Axis] </link:label>
<link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_06C0CD8894BA2846936DA6761336AFB0_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_BAC8E7A15EBE538FBB213C5BC47EB25D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_BAC8E7A15EBE538FBB213C5BC47EB25D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_A0E25FEFC68A63604218A6761336938F_terseLabel_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_D984B4AD8FA152ECA5D7FAEEE767221E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Classification [Domain] </link:label>
<link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_A0E25FEFC68A63604218A6761336938F_label_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_D984B4AD8FA152ECA5D7FAEEE767221E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Classification [Domain] </link:label>
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<link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember_61CE96869C045FB7ECB8A67613361198_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember_A4B4F33E23535BE797EE8608E778EC10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember_61CE96869C045FB7ECB8A67613361198_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember_A4B4F33E23535BE797EE8608E778EC10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member] </link:label>
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<link:label id="lab_us-gaap_VariableInterestEntityLineItems_9195179A3936E89830DEA6761337106E_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_8900EA37CF24506F95D59CA7F13C6D8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity [Line Items] </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityLineItems_9195179A3936E89830DEA6761337106E_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_8900EA37CF24506F95D59CA7F13C6D8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity [Line Items] </link:label>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_73636B161412ABD64899A6E61D9FB1FB_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_9F119A7AAB4E5AB39A2A47BF88E3B670" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans to members </link:label>
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<link:label id="lab_us-gaap_PrepaidExpenseAndOtherAssets_E19F804EC536B8BF026FA6761337F966_label_en-US" xlink:label="lab_us-gaap_PrepaidExpenseAndOtherAssets_12F8EC0974DE5D80B6032D6FEC234E03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Prepaid Expense and Other Assets </link:label>
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<link:label id="lab_nru_StockholdersEquityTable_DB1E481BEA90FA6E97789F6095E18CF5_terseLabel_en-US" xlink:label="lab_nru_StockholdersEquityTable_DB1E481BEA90FA6E97789F6095E18CF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Stockholder's Equity [Table] </link:label>
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<link:label id="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_D26B1065D44B4E55DE829F6095E5D9BE_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_D26B1065D44B4E55DE829F6095E5D9BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated Net Investment Gain (Loss) Attributable to Parent </link:label>
<link:label id="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_D26B1065D44B4E55DE829F6095E5D9BE_label_en-US" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_D26B1065D44B4E55DE829F6095E5D9BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] </link:label>
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<link:label id="lab_nru_RetainedEarningsAppropriatedPatronageCapitalAllocatedMember_5709144F9E721F9574489F6095E56BEC_terseLabel_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedPatronageCapitalAllocatedMember_5709144F9E721F9574489F6095E56BEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Patronage Capital Allocated </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedPatronageCapitalAllocatedMember_5709144F9E721F9574489F6095E56BEC_label_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedPatronageCapitalAllocatedMember_5709144F9E721F9574489F6095E56BEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings, Appropriated Patronage Capital Allocated [Member] </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedPatronageCapitalAllocatedMember_5709144F9E721F9574489F6095E56BEC_documentation_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedPatronageCapitalAllocatedMember_5709144F9E721F9574489F6095E56BEC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the portion of appropriated retained earnings after allocations for capital, Cooperative educational fund and other board-approved reserves. </link:label>
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<link:label id="lab_nru_RetainedEarningsAppropriatedEducationFundMember_A9E10F7DCD1D3BA637B49F6095E6082F_terseLabel_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedEducationFundMember_A9E10F7DCD1D3BA637B49F6095E6082F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cooperative educational fund </link:label>
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<link:label id="lab_nru_RetainedEarningsAppropriatedEducationFundMember_A9E10F7DCD1D3BA637B49F6095E6082F_documentation_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedEducationFundMember_A9E10F7DCD1D3BA637B49F6095E6082F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the portion of retained earnings appropriated for the cooperative educational fund reserves. </link:label>
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<link:label id="lab_nru_RetainedEarningsAppropriatedCapitalReserveMember_B187ABC23E5E7C7C59759F6095E627A0_label_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedCapitalReserveMember_B187ABC23E5E7C7C59759F6095E627A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings, Appropriated Capital Reserve [Member] </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedCapitalReserveMember_B187ABC23E5E7C7C59759F6095E627A0_documentation_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedCapitalReserveMember_B187ABC23E5E7C7C59759F6095E627A0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the portion of retained earnings appropriated for the members' capital reserve. The members' capital reserve represents net earnings held to increase equity retention. The net earnings held in the members' capital reserve have not been specifically allocated to members, but may be allocated to individual members in the future as patronage capital if authorized by the Board of Directors. </link:label>
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<link:label id="lab_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5_terseLabel_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Patronage Capital Retired </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5_label_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings Appropriated Patronage Capital Retired [Member] </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5_documentation_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Retained Earnings Appropriated Patronage Capital Retired [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember" xlink:label="loc_nru_RetainedEarningsAppropriatedPatronageCapitalRetiredMember_40C4300E6AF8C16954409F6095E62BB5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_5E6DE880512A6637D3D59F6095E6474B_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_5E6DE880512A6637D3D59F6095E6474B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent </link:label>
<link:label id="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_5E6DE880512A6637D3D59F6095E6474B_label_en-US" xlink:label="lab_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_5E6DE880512A6637D3D59F6095E6474B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_5E6DE880512A6637D3D59F6095E6474B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent </link:label>
<link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA_label_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember" xlink:label="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA" xlink:to="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember_CAD390A006D873DB5A959F6095E6DFCA" xlink:type="arc"/>
<link:label id="lab_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713_terseLabel_en-US" xlink:label="lab_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AOCI, Derivative Qualifying as Hedge, Excluded Component, Parent [Member] </link:label>
<link:label id="lab_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713_label_en-US" xlink:label="lab_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AOCI, Derivative Qualifying as Hedge, Excluded Component, Parent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember" xlink:label="loc_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713" xlink:to="lab_us-gaap_AociDerivativeQualifyingAsHedgeExcludedComponentParentMember_7AE66152E2761C48E5989F6095E7A713" xlink:type="arc"/>
<link:label id="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E_terseLabel_en-US" xlink:label="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Stockholder's Equity [Line Items] </link:label>
<link:label id="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E_label_en-US" xlink:label="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholder's Equity [Line Items] </link:label>
<link:label id="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E_documentation_en-US" xlink:label="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="nru-20191130.xsd#nru_StockholdersEquityLineItems" xlink:label="loc_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E" xlink:to="lab_nru_StockholdersEquityLineItems_42E62FA155939455F75F9F6095E74C5E" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_18E7158D04B5F8B800B89F6095E74220_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_18E7158D04B5F8B800B89F6095E74220" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss), Net of Tax </link:label>
<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_18E7158D04B5F8B800B89F6095E74220_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_18E7158D04B5F8B800B89F6095E74220" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss), Net of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_18E7158D04B5F8B800B89F6095E74220" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax_B053D7FEBB4B4477A2829F6095E7A649_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax_B053D7FEBB4B4477A2829F6095E7A649" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax_B053D7FEBB4B4477A2829F6095E7A649_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax_B053D7FEBB4B4477A2829F6095E7A649" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax_B053D7FEBB4B4477A2829F6095E7A649" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease_F4765E6E9AFC2B581E219F6095E7A018_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease_F4765E6E9AFC2B581E219F6095E7A018" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Period Increase (Decrease) </link:label>
<link:label id="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease_F4765E6E9AFC2B581E219F6095E7A018_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease_F4765E6E9AFC2B581E219F6095E7A018" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Period Increase (Decrease) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityPeriodIncreaseDecrease" xlink:label="loc_us-gaap_StockholdersEquityPeriodIncreaseDecrease_F4765E6E9AFC2B581E219F6095E7A018" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B78C7C0F298455D340969F6095E7300A_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B78C7C0F298455D340969F6095E7300A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest </link:label>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B78C7C0F298455D340969F6095E7300A_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B78C7C0F298455D340969F6095E7300A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B78C7C0F298455D340969F6095E7300A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ProfitLoss_0CFCC314506B803CE26F9F6095E88C5D_verboseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_0CFCC314506B803CE26F9F6095E88C5D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Net income (loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_0CFCC314506B803CE26F9F6095E88C5D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PatronageRefunds_620B2C48417B35AD0F429F6095E82989_negatedLabel_en-US" xlink:label="lab_us-gaap_PatronageRefunds_620B2C48417B35AD0F429F6095E82989" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Patronage capital retirement </link:label>
<link:label id="lab_us-gaap_PatronageRefunds_620B2C48417B35AD0F429F6095E82989_label_en-US" xlink:label="lab_us-gaap_PatronageRefunds_620B2C48417B35AD0F429F6095E82989" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Patronage Refunds </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PatronageRefunds" xlink:label="loc_us-gaap_PatronageRefunds_620B2C48417B35AD0F429F6095E82989" xlink:type="locator"/>
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<link:label id="lab_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483_terseLabel_en-US" xlink:label="lab_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net Income Allocations </link:label>
<link:label id="lab_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483_label_en-US" xlink:label="lab_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Income Allocation </link:label>
<link:label id="lab_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483_documentation_en-US" xlink:label="lab_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Net Income Allocation </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_NetIncomeAllocation" xlink:label="loc_nru_NetIncomeAllocation_AAD73F22DFD9421137E39F6095E89483" xlink:type="locator"/>
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<link:label id="lab_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903_terseLabel_en-US" xlink:label="lab_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Patronage Refunds Percentage of Allocation of Net Earnings </link:label>
<link:label id="lab_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903_label_en-US" xlink:label="lab_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Patronage Refunds Percentage of Allocation of Net Earnings </link:label>
<link:label id="lab_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903_documentation_en-US" xlink:label="lab_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the percentage of net earnings distributed to patrons of the cooperative as authorized by the entity's Board of Directors. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PatronageRefundsPercentageofAllocationofNetEarnings" xlink:label="loc_nru_PatronageRefundsPercentageofAllocationofNetEarnings_DEA4F0627FD85749D9EC9F6095E87903" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FiscalPeriodDuration_8D519B7F844A8CF4ECE59F6095E82C6D_terseLabel_en-US" xlink:label="lab_us-gaap_FiscalPeriodDuration_8D519B7F844A8CF4ECE59F6095E82C6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fiscal Period Duration </link:label>
<link:label id="lab_us-gaap_FiscalPeriodDuration_8D519B7F844A8CF4ECE59F6095E82C6D_label_en-US" xlink:label="lab_us-gaap_FiscalPeriodDuration_8D519B7F844A8CF4ECE59F6095E82C6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fiscal Period Duration </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiscalPeriodDuration" xlink:label="loc_us-gaap_FiscalPeriodDuration_8D519B7F844A8CF4ECE59F6095E82C6D" xlink:type="locator"/>
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<link:label id="lab_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340_terseLabel_en-US" xlink:label="lab_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected Reclassification from Accumulated Other Comprehensive Income over Next Twelve Months Net of Tax </link:label>
<link:label id="lab_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340_label_en-US" xlink:label="lab_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Reclassification from Accumulated Other Comprehensive Income over Next Twelve Months Net of Tax </link:label>
<link:label id="lab_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340_documentation_en-US" xlink:label="lab_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> After tax amount of reclassification from accumulated other comprehensive income (loss) expected over the next fiscal year following the latest fiscal year. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax" xlink:label="loc_nru_ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax_04168C6CE2E0884D6DEE9F6095E80340" xlink:type="locator"/>
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<link:label id="lab_us-gaap_GuaranteesAbstract_24D87324C862D15BC2391EF36A1F6E04_label_en-US" xlink:label="lab_us-gaap_GuaranteesAbstract_BBC31D57A3895E7BB1C72FC6ADB90420" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantees [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteesAbstract" xlink:label="loc_us-gaap_GuaranteesAbstract_BBC31D57A3895E7BB1C72FC6ADB90420" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteesAbstract_BBC31D57A3895E7BB1C72FC6ADB90420" xlink:to="lab_us-gaap_GuaranteesAbstract_BBC31D57A3895E7BB1C72FC6ADB90420" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfGuaranteeObligationsTable_15EB0F4FBB098534B1F41EF36A202D3D_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGuaranteeObligationsTable_A6FD59CFC197578AA05E6FDF6469399E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Guarantor Obligations [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfGuaranteeObligationsTable_15EB0F4FBB098534B1F41EF36A202D3D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfGuaranteeObligationsTable_A6FD59CFC197578AA05E6FDF6469399E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Guarantor Obligations [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="loc_us-gaap_ScheduleOfGuaranteeObligationsTable_A6FD59CFC197578AA05E6FDF6469399E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfGuaranteeObligationsTable_A6FD59CFC197578AA05E6FDF6469399E" xlink:to="lab_us-gaap_ScheduleOfGuaranteeObligationsTable_A6FD59CFC197578AA05E6FDF6469399E" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsByNatureAxis_FE5B51F2383030B06F141EF36A20ADDC_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsByNatureAxis_8701CA0CA25650AB86318BC92CA3043C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Nature [Axis] </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsByNatureAxis_FE5B51F2383030B06F141EF36A20ADDC_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsByNatureAxis_8701CA0CA25650AB86318BC92CA3043C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Nature [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="loc_us-gaap_GuaranteeObligationsByNatureAxis_8701CA0CA25650AB86318BC92CA3043C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsByNatureAxis_8701CA0CA25650AB86318BC92CA3043C" xlink:to="lab_us-gaap_GuaranteeObligationsByNatureAxis_8701CA0CA25650AB86318BC92CA3043C" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsNatureDomain_DF8FDDAE3835AA51DB071EF36A20497A_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsNatureDomain_F95E896B43425428BED3ACC7E9AC31BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Nature [Domain] </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsNatureDomain_DF8FDDAE3835AA51DB071EF36A20497A_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsNatureDomain_F95E896B43425428BED3ACC7E9AC31BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Nature [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="loc_us-gaap_GuaranteeObligationsNatureDomain_F95E896B43425428BED3ACC7E9AC31BC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsNatureDomain_F95E896B43425428BED3ACC7E9AC31BC" xlink:to="lab_us-gaap_GuaranteeObligationsNatureDomain_F95E896B43425428BED3ACC7E9AC31BC" xlink:type="arc"/>
<link:label id="lab_nru_LongTermTaxExemptBondsMember_98CD21B53B9F9F0E24871EF36A215B86_terseLabel_en-US" xlink:label="lab_nru_LongTermTaxExemptBondsMember_B73EFD06E9795DC69A391ABB27019197" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term tax-exempt bonds </link:label>
<link:label id="lab_nru_LongTermTaxExemptBondsMember_98CD21B53B9F9F0E24871EF36A215B86_label_en-US" xlink:label="lab_nru_LongTermTaxExemptBondsMember_B73EFD06E9795DC69A391ABB27019197" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long Term Tax Exempt Bonds [Member] </link:label>
<link:label id="lab_nru_LongTermTaxExemptBondsMember_98CD21B53B9F9F0E24871EF36A215B86_documentation_en-US" xlink:label="lab_nru_LongTermTaxExemptBondsMember_B73EFD06E9795DC69A391ABB27019197" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to long-term tax-exempt bonds. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermTaxExemptBondsMember" xlink:label="loc_nru_LongTermTaxExemptBondsMember_B73EFD06E9795DC69A391ABB27019197" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermTaxExemptBondsMember_B73EFD06E9795DC69A391ABB27019197" xlink:to="lab_nru_LongTermTaxExemptBondsMember_B73EFD06E9795DC69A391ABB27019197" xlink:type="arc"/>
<link:label id="lab_us-gaap_LetterOfCreditMember_D1AAB4D98E8B017A4E991EF36A215ED9_terseLabel_en-US" xlink:label="lab_us-gaap_LetterOfCreditMember_734456EA027E5CB2965CD6AF50C0C479" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letters of credit </link:label>
<link:label id="lab_us-gaap_LetterOfCreditMember_D1AAB4D98E8B017A4E991EF36A215ED9_label_en-US" xlink:label="lab_us-gaap_LetterOfCreditMember_734456EA027E5CB2965CD6AF50C0C479" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letter of Credit [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:label="loc_us-gaap_LetterOfCreditMember_734456EA027E5CB2965CD6AF50C0C479" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LetterOfCreditMember_734456EA027E5CB2965CD6AF50C0C479" xlink:to="lab_us-gaap_LetterOfCreditMember_734456EA027E5CB2965CD6AF50C0C479" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeTypeOtherMember_4F9EEBE3D94434A055731EF36A210B6A_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeTypeOtherMember_F6E2363B46695197B8E3DEC0303D8E14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other guarantees </link:label>
<link:label id="lab_us-gaap_GuaranteeTypeOtherMember_4F9EEBE3D94434A055731EF36A210B6A_label_en-US" xlink:label="lab_us-gaap_GuaranteeTypeOtherMember_F6E2363B46695197B8E3DEC0303D8E14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Type, Other [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeTypeOtherMember" xlink:label="loc_us-gaap_GuaranteeTypeOtherMember_F6E2363B46695197B8E3DEC0303D8E14" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeTypeOtherMember_F6E2363B46695197B8E3DEC0303D8E14" xlink:to="lab_us-gaap_GuaranteeTypeOtherMember_F6E2363B46695197B8E3DEC0303D8E14" xlink:type="arc"/>
<link:label id="lab_nru_NationalCooperativeServicesCorporationMember_4EFD8E4A8654D4FBC2631EF36A2261BF_terseLabel_en-US" xlink:label="lab_nru_NationalCooperativeServicesCorporationMember_DC4B31FADC245370A8147574BDDAB925" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> NCSC </link:label>
<link:label id="lab_nru_NationalCooperativeServicesCorporationMember_4EFD8E4A8654D4FBC2631EF36A2261BF_label_en-US" xlink:label="lab_nru_NationalCooperativeServicesCorporationMember_DC4B31FADC245370A8147574BDDAB925" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> National Cooperative Services Corporation [Member] </link:label>
<link:label id="lab_nru_NationalCooperativeServicesCorporationMember_4EFD8E4A8654D4FBC2631EF36A2261BF_documentation_en-US" xlink:label="lab_nru_NationalCooperativeServicesCorporationMember_DC4B31FADC245370A8147574BDDAB925" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to National Cooperative Services Corporation. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_NationalCooperativeServicesCorporationMember" xlink:label="loc_nru_NationalCooperativeServicesCorporationMember_DC4B31FADC245370A8147574BDDAB925" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivablesByIndustryOfCounterpartyTypeAxis_F28CCF83B3EB5840037B1EF36A22DC3D_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivablesByIndustryOfCounterpartyTypeAxis_6B40E12895CA5635A079DE0080CFBBB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Industry of Counterparty, Type [Axis] </link:label>
<link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivablesByIndustryOfCounterpartyTypeAxis_F28CCF83B3EB5840037B1EF36A22DC3D_label_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivablesByIndustryOfCounterpartyTypeAxis_6B40E12895CA5635A079DE0080CFBBB7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Industry of Counterparty, Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivablesByIndustryOfCounterpartyTypeAxis" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivablesByIndustryOfCounterpartyTypeAxis_6B40E12895CA5635A079DE0080CFBBB7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IndustryOfCounterpartyDomain_45BCDDD9FA8E07A81CB71EF36A22ADDE_terseLabel_en-US" xlink:label="lab_us-gaap_IndustryOfCounterpartyDomain_706AC9A809BF5811A21130F5D1EF0E37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Industry of Counterparty [Domain] </link:label>
<link:label id="lab_us-gaap_IndustryOfCounterpartyDomain_45BCDDD9FA8E07A81CB71EF36A22ADDE_label_en-US" xlink:label="lab_us-gaap_IndustryOfCounterpartyDomain_706AC9A809BF5811A21130F5D1EF0E37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Industry of Counterparty [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IndustryOfCounterpartyDomain" xlink:label="loc_us-gaap_IndustryOfCounterpartyDomain_706AC9A809BF5811A21130F5D1EF0E37" xlink:type="locator"/>
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<link:label id="lab_nru_DistributionSystemsMember_DA28B1BF5ADE50BC0B6A1EF36A23AA0D_terseLabel_en-US" xlink:label="lab_nru_DistributionSystemsMember_B777C059AD6C5B7CA8E906B75905BDED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Distribution </link:label>
<link:label id="lab_nru_DistributionSystemsMember_DA28B1BF5ADE50BC0B6A1EF36A23AA0D_label_en-US" xlink:label="lab_nru_DistributionSystemsMember_B777C059AD6C5B7CA8E906B75905BDED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Distribution Systems [Member] </link:label>
<link:label id="lab_nru_DistributionSystemsMember_DA28B1BF5ADE50BC0B6A1EF36A23AA0D_documentation_en-US" xlink:label="lab_nru_DistributionSystemsMember_B777C059AD6C5B7CA8E906B75905BDED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to distribution loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DistributionSystemsMember" xlink:label="loc_nru_DistributionSystemsMember_B777C059AD6C5B7CA8E906B75905BDED" xlink:type="locator"/>
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<link:label id="lab_nru_PowerSupplySystemsMember_D37961C4D7FC18D4B8181EF36A23F48F_terseLabel_en-US" xlink:label="lab_nru_PowerSupplySystemsMember_A7D92B2BA0515A268EE55F254B4022A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Power supply </link:label>
<link:label id="lab_nru_PowerSupplySystemsMember_D37961C4D7FC18D4B8181EF36A23F48F_label_en-US" xlink:label="lab_nru_PowerSupplySystemsMember_A7D92B2BA0515A268EE55F254B4022A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Power Supply Systems [Member] </link:label>
<link:label id="lab_nru_PowerSupplySystemsMember_D37961C4D7FC18D4B8181EF36A23F48F_documentation_en-US" xlink:label="lab_nru_PowerSupplySystemsMember_A7D92B2BA0515A268EE55F254B4022A0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to power supply loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PowerSupplySystemsMember" xlink:label="loc_nru_PowerSupplySystemsMember_A7D92B2BA0515A268EE55F254B4022A0" xlink:type="locator"/>
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<link:label id="lab_nru_StatewideAndAssociateMember_E18266F7D5318DB2221F1EF36A23E9A6_terseLabel_en-US" xlink:label="lab_nru_StatewideAndAssociateMember_EEA591B325E05BE59F0AE15042DA81F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statewide and associate </link:label>
<link:label id="lab_nru_StatewideAndAssociateMember_E18266F7D5318DB2221F1EF36A23E9A6_label_en-US" xlink:label="lab_nru_StatewideAndAssociateMember_EEA591B325E05BE59F0AE15042DA81F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statewide and Associate [Member] </link:label>
<link:label id="lab_nru_StatewideAndAssociateMember_E18266F7D5318DB2221F1EF36A23E9A6_documentation_en-US" xlink:label="lab_nru_StatewideAndAssociateMember_EEA591B325E05BE59F0AE15042DA81F2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to statewide and associate loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_StatewideAndAssociateMember" xlink:label="loc_nru_StatewideAndAssociateMember_EEA591B325E05BE59F0AE15042DA81F2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_StatewideAndAssociateMember_EEA591B325E05BE59F0AE15042DA81F2" xlink:to="lab_nru_StatewideAndAssociateMember_EEA591B325E05BE59F0AE15042DA81F2" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsLineItems_8A2E603A005F7EC493411EF36A242172_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsLineItems_50D270A606CE5F3898835A85152B90E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantees </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsLineItems_8A2E603A005F7EC493411EF36A242172_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsLineItems_50D270A606CE5F3898835A85152B90E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="loc_us-gaap_GuaranteeObligationsLineItems_50D270A606CE5F3898835A85152B90E2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsLineItems_50D270A606CE5F3898835A85152B90E2" xlink:to="lab_us-gaap_GuaranteeObligationsLineItems_50D270A606CE5F3898835A85152B90E2" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_064D8705452F31ED270C1EF36A24E8C4_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_EAFC7D4018475C088AA2AAD14AB2CAB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantor obligations </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_064D8705452F31ED270C1EF36A24E8C4_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_EAFC7D4018475C088AA2AAD14AB2CAB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Current Carrying Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:label="loc_us-gaap_GuaranteeObligationsCurrentCarryingValue_EAFC7D4018475C088AA2AAD14AB2CAB5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsCurrentCarryingValue_EAFC7D4018475C088AA2AAD14AB2CAB5" xlink:to="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_EAFC7D4018475C088AA2AAD14AB2CAB5" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of components of interest income </link:label>
<link:label id="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763_label_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest and Other Income [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:label="loc_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763" xlink:to="lab_us-gaap_InterestAndOtherIncomeTableTextBlock_6CCBAA05E643593AB877808AFEB76763" xlink:type="arc"/>
<link:label id="lab_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E_terseLabel_en-US" xlink:label="lab_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Components of Interest Expense </link:label>
<link:label id="lab_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E_label_en-US" xlink:label="lab_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Components of Interest (Expense) [Table Text Block] </link:label>
<link:label id="lab_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E_documentation_en-US" xlink:label="lab_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of components of interest expense. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock" xlink:label="loc_nru_ScheduleOfComponentsOfInterestExpenseTableTextBlock_AFF2BC168DB14C52AB67808AFEB8C43E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_5B72DE9830C521F9D02B808AFEEA7FE2_label_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract_5B72DE9830C521F9D02B808AFEEA7FE2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Stockholders' Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_5B72DE9830C521F9D02B808AFEEA7FE2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement [Table] </link:label>
<link:label id="lab_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07_label_en-US" xlink:label="lab_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07" xlink:to="lab_us-gaap_StatementTable_A41D5D5308D0B8EED610808AFEEADD07" xlink:type="arc"/>
<link:label id="lab_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B_terseLabel_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-controlling Interests </link:label>
<link:label id="lab_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B_label_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noncontrolling Interest [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B" xlink:to="lab_us-gaap_NoncontrollingInterestMember_829ABDB8757533E13489808AFEEBE84B" xlink:type="arc"/>
<link:label id="lab_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76_terseLabel_en-US" xlink:label="lab_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total CFC Equity </link:label>
<link:label id="lab_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76_label_en-US" xlink:label="lab_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Parent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ParentMember" xlink:label="loc_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76" xlink:to="lab_us-gaap_ParentMember_13C1DE7EAEB01C46BE06808AFEECDB76" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss) </link:label>
<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AOCI Attributable to Parent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_81C7847FA67E47B8A202808AFEECD487" xlink:type="arc"/>
<link:label id="lab_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CFC Retained Equity </link:label>
<link:label id="lab_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273" xlink:to="lab_us-gaap_RetainedEarningsMember_30146AB1888C97FE7B0D808AFEEDF273" xlink:type="arc"/>
<link:label id="lab_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unallocated Net Income (Loss) </link:label>
<link:label id="lab_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings, Unappropriated [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsUnappropriatedMember" xlink:label="loc_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254" xlink:to="lab_us-gaap_RetainedEarningsUnappropriatedMember_2595439C28E0F3ED552B808AFEEDE254" xlink:type="arc"/>
<link:label id="lab_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A_terseLabel_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Membership Fees and Educational Fund </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A_label_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings, Appropriated Membership Fees and Education Fund [Member] </link:label>
<link:label id="lab_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A_documentation_en-US" xlink:label="lab_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the portion of retained earnings appropriated for the cooperative educational fund and membership fees reserves. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember" xlink:label="loc_nru_RetainedEarningsAppropriatedMembershipFeesAndEducationFundMember_4DC4629DDDFCC45DEA51808AFEEDC20A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement </link:label>
<link:label id="lab_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C_label_en-US" xlink:label="lab_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C" xlink:to="lab_us-gaap_StatementLineItems_56FF5801DC0044067A91808AFEEE617C" xlink:type="arc"/>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9E46B59728DF2E54DA2A808AFEEE9C2E_periodStartLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9E46B59728DF2E54DA2A808AFEEE9C2E" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Balance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9E46B59728DF2E54DA2A808AFEEE9C2E" xlink:type="locator"/>
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<link:label id="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8_terseLabel_en-US" xlink:label="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred Loan Conversion Fees </link:label>
<link:label id="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8_label_en-US" xlink:label="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Loan Conversion Fees </link:label>
<link:label id="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8_documentation_en-US" xlink:label="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of unrecognized conversion fee revenue that is deferred and recognized using the effective interest method over the remaining original loan interest rate pricing term. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DeferredLoanConversionFees" xlink:label="loc_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8" xlink:to="lab_nru_DeferredLoanConversionFees_7023C33EE635993EDE6B8B87CC6355B8" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Guarantee </link:label>
<link:label id="lab_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Guarantee [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="loc_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9" xlink:to="lab_us-gaap_FinancialGuaranteeMember_103FEABC5CFD876A089686A04474D2C9" xlink:type="arc"/>
<link:label id="lab_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2_terseLabel_en-US" xlink:label="lab_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Master Letter of Credit </link:label>
<link:label id="lab_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2_label_en-US" xlink:label="lab_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Performance Guarantee [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PerformanceGuaranteeMember" xlink:label="loc_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2" xlink:to="lab_us-gaap_PerformanceGuaranteeMember_7786A649C9DB3B07791F86A0447546B2" xlink:type="arc"/>
<link:label id="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978_terseLabel_en-US" xlink:label="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other secured guarantees </link:label>
<link:label id="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978_label_en-US" xlink:label="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Type, Other Secured [Member] </link:label>
<link:label id="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978_documentation_en-US" xlink:label="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Guarantee Type, Other Secured [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuaranteeTypeOtherSecuredMember" xlink:label="loc_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978" xlink:to="lab_nru_GuaranteeTypeOtherSecuredMember_346C13AFAA56460B76AC86A044750978" xlink:type="arc"/>
<link:label id="lab_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9_terseLabel_en-US" xlink:label="lab_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Underlying Asset Class [Axis] </link:label>
<link:label id="lab_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9_label_en-US" xlink:label="lab_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Underlying Asset Class [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="loc_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9" xlink:to="lab_us-gaap_UnderlyingAssetClassAxis_9D5F62A2B12959201AE786A04475C1E9" xlink:type="arc"/>
<link:label id="lab_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754_terseLabel_en-US" xlink:label="lab_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Underlying Asset Class [Domain] </link:label>
<link:label id="lab_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754_label_en-US" xlink:label="lab_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Underlying Asset Class [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="loc_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754" xlink:to="lab_us-gaap_UnderlyingAssetClassDomain_44B4F4AD1CCE7D43514B86A04476D754" xlink:type="arc"/>
<link:label id="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C_terseLabel_en-US" xlink:label="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term fixed-rate bonds </link:label>
<link:label id="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C_label_en-US" xlink:label="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long Term Fixed Rate Bonds [Member] </link:label>
<link:label id="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C_documentation_en-US" xlink:label="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to long-term fixed-rate bonds. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermFixedRateBondsMember" xlink:label="loc_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C" xlink:to="lab_nru_LongTermFixedRateBondsMember_C219E77864CCCEC226F086A04476F94C" xlink:type="arc"/>
<link:label id="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E_terseLabel_en-US" xlink:label="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long Term Fixed Rate Loans </link:label>
<link:label id="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E_label_en-US" xlink:label="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long Term Fixed Rate Loans [Member] </link:label>
<link:label id="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E_documentation_en-US" xlink:label="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to long-term fixed-rate loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermFixedRateLoansMember" xlink:label="loc_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E" xlink:to="lab_nru_LongTermFixedRateLoansMember_BF16070CFE49CD9C395686A044765A4E" xlink:type="arc"/>
<link:label id="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91_terseLabel_en-US" xlink:label="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term variable-rate loans </link:label>
<link:label id="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91_label_en-US" xlink:label="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-Term Variable Rate Bonds [Member] </link:label>
<link:label id="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91_documentation_en-US" xlink:label="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to long-term variable-rate bonds. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermVariableRateBondsMember" xlink:label="loc_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91" xlink:to="lab_nru_LongTermVariableRateBondsMember_8B7A85EEF03EC847248A86A04476CF91" xlink:type="arc"/>
<link:label id="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6_terseLabel_en-US" xlink:label="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Master Letter of Credit </link:label>
<link:label id="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6_label_en-US" xlink:label="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Master Letter of Credit [Member] </link:label>
<link:label id="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6_documentation_en-US" xlink:label="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the master letter of credit facility which acts as a guarantee of payment to a beneficiary, or as the source of payment for a specific transaction. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MasterLetterOfCreditMember" xlink:label="loc_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6" xlink:to="lab_nru_MasterLetterOfCreditMember_22F525D4C27D89EC082D86A0447784B6" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Maximum Exposure, Undiscounted </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Maximum Exposure, Undiscounted </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="loc_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311" xlink:to="lab_us-gaap_GuaranteeObligationsMaximumExposure_E5E1D46384DC781DB9C386A04478B311" xlink:type="arc"/>
<link:label id="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87_terseLabel_en-US" xlink:label="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Secured </link:label>
<link:label id="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87_label_en-US" xlink:label="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Secured </link:label>
<link:label id="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87_documentation_en-US" xlink:label="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the amount of guarantee obligations secured. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuaranteeObligationsSecured" xlink:label="loc_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87" xlink:to="lab_nru_GuaranteeObligationsSecured_DAADD28C15A0E9B3DE1D86A04478FF87" xlink:type="arc"/>
<link:label id="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8_terseLabel_en-US" xlink:label="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letter of Credit Facility Maximum Additional Amount Potentially Required to be Issued </link:label>
<link:label id="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8_label_en-US" xlink:label="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letter of Credit Facility Maximum Additional Amount Potentially Required to be Issued </link:label>
<link:label id="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8_documentation_en-US" xlink:label="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the maximum potential additional amount that may be required to be issued to third parties for the benefit of the entity's members. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued" xlink:label="loc_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8" xlink:to="lab_nru_LetterOfCreditFacilityMaximumAdditionalAmountPotentiallyRequiredToBeIssued_7FE0120DCD3E31A6D0F986A04478CED8" xlink:type="arc"/>
<link:label id="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41_terseLabel_en-US" xlink:label="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Unsecured </link:label>
<link:label id="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41_label_en-US" xlink:label="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Unsecured </link:label>
<link:label id="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41_documentation_en-US" xlink:label="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the amount of guarantee obligations with unsecured rights of recovery from the entity's members. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuaranteeObligationsUnsecured" xlink:label="loc_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41" xlink:to="lab_nru_GuaranteeObligationsUnsecured_2BAA0793D9BDF3AF407886A04478AD41" xlink:type="arc"/>
<link:label id="lab_nru_GuaranteeObligationsUnsecuredCommitmentAsPercentageOfTotalCommitment_645F397B15EFD3B4682B86A044790620_terseLabel_en-US" xlink:label="lab_nru_GuaranteeObligationsUnsecuredCommitmentAsPercentageOfTotalCommitment_645F397B15EFD3B4682B86A044790620" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Unsecured Commitment as Percentage of Total Commitment </link:label>
<link:label id="lab_nru_GuaranteeObligationsUnsecuredCommitmentAsPercentageOfTotalCommitment_645F397B15EFD3B4682B86A044790620_label_en-US" xlink:label="lab_nru_GuaranteeObligationsUnsecuredCommitmentAsPercentageOfTotalCommitment_645F397B15EFD3B4682B86A044790620" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Unsecured Commitment as Percentage of Total Commitment </link:label>
<link:label id="lab_nru_GuaranteeObligationsUnsecuredCommitmentAsPercentageOfTotalCommitment_645F397B15EFD3B4682B86A044790620_documentation_en-US" xlink:label="lab_nru_GuaranteeObligationsUnsecuredCommitmentAsPercentageOfTotalCommitment_645F397B15EFD3B4682B86A044790620" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the unsecured guarantee obligations as a percentage of total guarantee obligations. </link:label>
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<link:label id="lab_nru_GuaranteeObligationsLiquidityProvidedToMemberCarryingValue_01DAB3C39A72C3D2078786A04479C0B1_terseLabel_en-US" xlink:label="lab_nru_GuaranteeObligationsLiquidityProvidedToMemberCarryingValue_01DAB3C39A72C3D2078786A04479C0B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Liquidity Provided to Member Carrying Value </link:label>
<link:label id="lab_nru_GuaranteeObligationsLiquidityProvidedToMemberCarryingValue_01DAB3C39A72C3D2078786A04479C0B1_label_en-US" xlink:label="lab_nru_GuaranteeObligationsLiquidityProvidedToMemberCarryingValue_01DAB3C39A72C3D2078786A04479C0B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Obligations Liquidity Provided to Member Carrying Value </link:label>
<link:label id="lab_nru_GuaranteeObligationsLiquidityProvidedToMemberCarryingValue_01DAB3C39A72C3D2078786A04479C0B1_documentation_en-US" xlink:label="lab_nru_GuaranteeObligationsLiquidityProvidedToMemberCarryingValue_01DAB3C39A72C3D2078786A04479C0B1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the amount of liquidity provided to our member cooperatives if the remarketing agents are unable to sell the bonds to other investors. </link:label>
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<link:label id="lab_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401_terseLabel_en-US" xlink:label="lab_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantee Liability Recorded </link:label>
<link:label id="lab_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401_label_en-US" xlink:label="lab_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantee Liability Recorded </link:label>
<link:label id="lab_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401_documentation_en-US" xlink:label="lab_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Guarantee Liability Recorded </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuaranteeLiabilityRecorded" xlink:label="loc_nru_GuaranteeLiabilityRecorded_62F9E078CA3B9595881786A04479C401" xlink:type="locator"/>
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<link:label id="lab_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0_terseLabel_en-US" xlink:label="lab_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guaranty Liabilities Contingent </link:label>
<link:label id="lab_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0_label_en-US" xlink:label="lab_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guaranty Liabilities Contingent </link:label>
<link:label id="lab_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0_documentation_en-US" xlink:label="lab_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the portion of the guarantee liability based on contingent exposures that are both probable and reasonably estimable related to guarantees and liquidity obligations. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuarantyLiabilitiesContingent" xlink:label="loc_nru_GuarantyLiabilitiesContingent_CD44E648E2303E1AF33A86A04479FBA0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_GuarantyLiabilities_927433D8FAB374B8504786A044799B65_terseLabel_en-US" xlink:label="lab_us-gaap_GuarantyLiabilities_927433D8FAB374B8504786A044799B65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guaranty Liabilities </link:label>
<link:label id="lab_us-gaap_GuarantyLiabilities_927433D8FAB374B8504786A044799B65_label_en-US" xlink:label="lab_us-gaap_GuarantyLiabilities_927433D8FAB374B8504786A044799B65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guaranty Liabilities </link:label>
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<link:label id="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_821A51348C246A52CAED8646A2489282_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_821A51348C246A52CAED8646A2489282" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_821A51348C246A52CAED8646A2489282_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_821A51348C246A52CAED8646A2489282" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable" xlink:label="loc_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_821A51348C246A52CAED8646A2489282" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_266FC13216C360EA12C58646A24ABE24_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_266FC13216C360EA12C58646A24ABE24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounts, Notes, Loans and Financing Receivable [Line Items] </link:label>
<link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_266FC13216C360EA12C58646A24ABE24_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_266FC13216C360EA12C58646A24ABE24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts, Notes, Loans and Financing Receivable [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_266FC13216C360EA12C58646A24ABE24" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_168A783809A27EA4C2108646A24ABE96_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_168A783809A27EA4C2108646A24ABE96" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Allowance for loan loss </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_168A783809A27EA4C2108646A24ABE96_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_168A783809A27EA4C2108646A24ABE96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Allowance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowance_168A783809A27EA4C2108646A24ABE96" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_4B22322CCEC2C848758E8646A24BBC5B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_4B22322CCEC2C848758E8646A24BBC5B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Provision for Loan and Lease Losses </link:label>
<link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_4B22322CCEC2C848758E8646A24BBC5B_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_4B22322CCEC2C848758E8646A24BBC5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision for Loan and Lease Losses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="loc_us-gaap_ProvisionForLoanAndLeaseLosses_4B22322CCEC2C848758E8646A24BBC5B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_93E2B946B40D1FF134721EEF687AEEF0_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_30AF255AE63A52EBA44761EECC980C58" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments </link:label>
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<link:label id="lab_us-gaap_ScheduleOfImpairedFinancingReceivableTable_FEE4FF08AE8631BD13B61EF36C8229E0_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfImpairedFinancingReceivableTable_BC97C47A8323585BA66FDE27500D8C7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Impaired Financing Receivable [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfImpairedFinancingReceivableTable_FEE4FF08AE8631BD13B61EF36C8229E0_label_en-US" xlink:label="lab_us-gaap_ScheduleOfImpairedFinancingReceivableTable_BC97C47A8323585BA66FDE27500D8C7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Impaired Financing Receivable [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfImpairedFinancingReceivableTable" xlink:label="loc_us-gaap_ScheduleOfImpairedFinancingReceivableTable_BC97C47A8323585BA66FDE27500D8C7C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableImpairedLineItems_BD8BCFD27981A85C0F801EF36C83FB60_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableImpairedLineItems_4700F319AAB556CB821766479FDA47C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Impaired [Line Items] </link:label>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract_17840AB97E731CB3F4341EF36C84AC97_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract_41BDE1604E3755AE95E3C7B789C56615" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Average recorded investment </link:label>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_00826AD95B6A7E1466C41EF36C840EE8_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_1E150109880F515EB1720B5515904F14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total impaired loans </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_00826AD95B6A7E1466C41EF36C840EE8_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_1E150109880F515EB1720B5515904F14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Average Recorded Investment </link:label>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethodAbstract_5FD5F47577707D50BC541EF36C848842_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethodAbstract_F6364ABA821D508BA577672BE7CCEA77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income recognized </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethodAbstract_5FD5F47577707D50BC541EF36C848842_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethodAbstract_F6364ABA821D508BA577672BE7CCEA77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethodAbstract" xlink:label="loc_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethodAbstract_F6364ABA821D508BA577672BE7CCEA77" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethod_8B554717DA415AFCC94B1EF36C85DE5D_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethod_C009D0432D2B50B390924A9B06B63A41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest impaired loans </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethod_8B554717DA415AFCC94B1EF36C85DE5D_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethod_C009D0432D2B50B390924A9B06B63A41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Interest Income, Accrual Method </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethod" xlink:label="loc_us-gaap_ImpairedFinancingReceivableInterestIncomeAccrualMethod_C009D0432D2B50B390924A9B06B63A41" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeStatementAbstract_BC69F6F651D703C15AF78C3C69C5BB4B_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_BC69F6F651D703C15AF78C3C69C5BB4B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Statement [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_BC69F6F651D703C15AF78C3C69C5BB4B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestAndFeeIncomeLoansCommercialIndustrialAndAgriculturalLoans_01460019FEFD5D09F2688C3C69C55560_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansCommercialIndustrialAndAgriculturalLoans_01460019FEFD5D09F2688C3C69C55560" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:label id="lab_us-gaap_InterestAndFeeIncomeLoansCommercialIndustrialAndAgriculturalLoans_01460019FEFD5D09F2688C3C69C55560_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansCommercialIndustrialAndAgriculturalLoans_01460019FEFD5D09F2688C3C69C55560" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest and Fee Income, Loans, Commercial, Industrial, and Agricultural Loans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansCommercialIndustrialAndAgriculturalLoans" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansCommercialIndustrialAndAgriculturalLoans_01460019FEFD5D09F2688C3C69C55560" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpense_C66708E982CDFF40D4328C3C69C6F922_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_C66708E982CDFF40D4328C3C69C6F922" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_C66708E982CDFF40D4328C3C69C6F922" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestIncomeExpenseNet_81888E697AF81DDB95EE8C3C69C618B0_totalLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet_81888E697AF81DDB95EE8C3C69C618B0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net interest income </link:label>
<link:label id="lab_us-gaap_InterestIncomeExpenseNet_81888E697AF81DDB95EE8C3C69C618B0_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet_81888E697AF81DDB95EE8C3C69C618B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income (Expense), Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="loc_us-gaap_InterestIncomeExpenseNet_81888E697AF81DDB95EE8C3C69C618B0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ProvisionForLoanLossesExpensed_BD9AD6692BE8EE6A9B988C3C69C6C29C_negatedLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed_BD9AD6692BE8EE6A9B988C3C69C6C29C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Benefit for loan losses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForLoanLossesExpensed" xlink:label="loc_us-gaap_ProvisionForLoanLossesExpensed_BD9AD6692BE8EE6A9B988C3C69C6C29C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanLossesExpensed_BD9AD6692BE8EE6A9B988C3C69C6C29C" xlink:to="lab_us-gaap_ProvisionForLoanLossesExpensed_BD9AD6692BE8EE6A9B988C3C69C6C29C" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_C66B184F93C15B19BE928C3C69C6E919_totalLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_C66B184F93C15B19BE928C3C69C6E919" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net interest income after benefit for loan losses </link:label>
<link:label id="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_C66B184F93C15B19BE928C3C69C6E919_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_C66B184F93C15B19BE928C3C69C6E919" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income (Expense), after Provision for Loan Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss" xlink:label="loc_us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_C66B184F93C15B19BE928C3C69C6E919" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoninterestIncomeAbstract_1487935F2BD0381237028C3C69C7D875_terseLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncomeAbstract_1487935F2BD0381237028C3C69C7D875" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-interest income: </link:label>
<link:label id="lab_us-gaap_NoninterestIncomeAbstract_1487935F2BD0381237028C3C69C7D875_label_en-US" xlink:label="lab_us-gaap_NoninterestIncomeAbstract_1487935F2BD0381237028C3C69C7D875" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Income [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoninterestIncomeAbstract" xlink:label="loc_us-gaap_NoninterestIncomeAbstract_1487935F2BD0381237028C3C69C7D875" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_CE5019635A5DDDCB2AFE8C3C69C7D6B7_terseLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_CE5019635A5DDDCB2AFE8C3C69C7D6B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fee and other income </link:label>
<link:label id="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_CE5019635A5DDDCB2AFE8C3C69C7D6B7_label_en-US" xlink:label="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_CE5019635A5DDDCB2AFE8C3C69C7D6B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Income, Other Operating Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoninterestIncomeOtherOperatingIncome" xlink:label="loc_us-gaap_NoninterestIncomeOtherOperatingIncome_CE5019635A5DDDCB2AFE8C3C69C7D6B7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_4086BCE1ABFEDB1562028C3C69C74985_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_4086BCE1ABFEDB1562028C3C69C74985" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative gains (losses) </link:label>
<link:label id="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_4086BCE1ABFEDB1562028C3C69C74985_label_en-US" xlink:label="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_4086BCE1ABFEDB1562028C3C69C74985" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (Loss) on Derivative Instruments, Net, Pretax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="loc_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_4086BCE1ABFEDB1562028C3C69C74985" xlink:type="locator"/>
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<link:label id="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_F99FC8ACA4ABF46651608C3C69C7D216_terseLabel_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_F99FC8ACA4ABF46651608C3C69C7D216" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unrealized gains (losses) on equity securities </link:label>
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<link:label id="lab_us-gaap_NoninterestIncome_82F6B7816218D8BEAFB78C3C69C7051F_totalLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncome_82F6B7816218D8BEAFB78C3C69C7051F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total non-interest income </link:label>
<link:label id="lab_us-gaap_NoninterestIncome_82F6B7816218D8BEAFB78C3C69C7051F_label_en-US" xlink:label="lab_us-gaap_NoninterestIncome_82F6B7816218D8BEAFB78C3C69C7051F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoninterestIncome" xlink:label="loc_us-gaap_NoninterestIncome_82F6B7816218D8BEAFB78C3C69C7051F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoninterestExpenseAbstract_97C9A3281F458150B36F8C3C69C81FE6_terseLabel_en-US" xlink:label="lab_us-gaap_NoninterestExpenseAbstract_97C9A3281F458150B36F8C3C69C81FE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-interest expense: </link:label>
<link:label id="lab_us-gaap_NoninterestExpenseAbstract_97C9A3281F458150B36F8C3C69C81FE6_label_en-US" xlink:label="lab_us-gaap_NoninterestExpenseAbstract_97C9A3281F458150B36F8C3C69C81FE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Expense [Abstract] </link:label>
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<link:label id="lab_us-gaap_LaborAndRelatedExpense_DAE2841591CBF5D42C878C3C69C822B1_negatedLabel_en-US" xlink:label="lab_us-gaap_LaborAndRelatedExpense_DAE2841591CBF5D42C878C3C69C822B1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Salaries and employee benefits </link:label>
<link:label id="lab_us-gaap_LaborAndRelatedExpense_DAE2841591CBF5D42C878C3C69C822B1_label_en-US" xlink:label="lab_us-gaap_LaborAndRelatedExpense_DAE2841591CBF5D42C878C3C69C822B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Labor and Related Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LaborAndRelatedExpense" xlink:label="loc_us-gaap_LaborAndRelatedExpense_DAE2841591CBF5D42C878C3C69C822B1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SellingGeneralAndAdministrativeExpense_51CC188FB1D6339A2D8E8C3C69C845B9_label_en-US" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpense_51CC188FB1D6339A2D8E8C3C69C845B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Selling, General and Administrative Expense </link:label>
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<link:label id="lab_us-gaap_NetIncomeLoss_3B20D21B484B758CFE688C3C69C97DD0_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_3B20D21B484B758CFE688C3C69C97DD0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net income (loss) attributable to CFC </link:label>
<link:label id="lab_us-gaap_NetIncomeLoss_3B20D21B484B758CFE688C3C69C97DD0_label_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_3B20D21B484B758CFE688C3C69C97DD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Income (Loss) Attributable to Parent </link:label>
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<link:label id="lab_us-gaap_ShortTermDebtTextBlock_FF41ECED79DB164504A71EEF68256809_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTextBlock_7087C4837DF8575EA558F060084716EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term Debt [Text Block] </link:label>
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<link:label id="lab_us-gaap_DerivativeAssetNotionalAmount_7980C6513125F69127FCAB93B4F9C394_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetNotionalAmount_1A3D94F1137B5E54A8541F5A95E4C413" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Notional Amount </link:label>
<link:label id="lab_us-gaap_DerivativeAssetNotionalAmount_7980C6513125F69127FCAB93B4F9C394_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetNotionalAmount_1A3D94F1137B5E54A8541F5A95E4C413" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Notional Amount </link:label>
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<link:label id="lab_us-gaap_DerivativeLiabilityNotionalAmount_A0C5F25E1E361F9252C6AB93B4FAF9F6_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityNotionalAmount_8381114E5BFA5549AD3A471CA3F0D984" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Notional Amount </link:label>
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<link:label id="lab_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4_terseLabel_en-US" xlink:label="lab_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Special Mention </link:label>
<link:label id="lab_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4_label_en-US" xlink:label="lab_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Special Mention [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SpecialMentionMember" xlink:label="loc_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4" xlink:to="lab_us-gaap_SpecialMentionMember_2340AC39F77BD21CFBAA8646A2A0AED4" xlink:type="arc"/>
<link:label id="lab_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1_terseLabel_en-US" xlink:label="lab_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Substandard </link:label>
<link:label id="lab_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1_label_en-US" xlink:label="lab_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Substandard [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubstandardMember" xlink:label="loc_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1" xlink:to="lab_us-gaap_SubstandardMember_7CC1C0D45D5B466B4B4E8646A2A0DDE1" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Quality </link:label>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Credit Quality Indicator [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentLineItems" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentLineItems_76DD87A19BE755B83D5F8646A2A286BD" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_F36E61BEA2F00C583F6C8646A2A2DD78_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_F36E61BEA2F00C583F6C8646A2A2DD78" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Loans Outstanding </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome" xlink:label="loc_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_F36E61BEA2F00C583F6C8646A2A2DD78" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_F36E61BEA2F00C583F6C8646A2A2DD78" xlink:to="lab_us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_F36E61BEA2F00C583F6C8646A2A2DD78" xlink:type="arc"/>
<link:label id="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD_terseLabel_en-US" xlink:label="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pay-fixed swaps </link:label>
<link:label id="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD_label_en-US" xlink:label="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pay Fixed Receive Variable Swaps [Member] </link:label>
<link:label id="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD_documentation_en-US" xlink:label="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> An arrangement between two parties (counterparties), in which one party pays at a fixed rate, while the other pays at a floating rate. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PayFixedReceiveVariableSwapsMember" xlink:label="loc_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD" xlink:to="lab_nru_PayFixedReceiveVariableSwapsMember_10A61F55DEAE2A60AD2F8AD041C3D5BD" xlink:type="arc"/>
<link:label id="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A_terseLabel_en-US" xlink:label="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Receive fixed swaps </link:label>
<link:label id="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A_label_en-US" xlink:label="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pay Variable Receive Fixed Swaps [Member] </link:label>
<link:label id="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A_documentation_en-US" xlink:label="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> An arrangement between two parties (counterparties), in which one party pays at a floating rate, while the other pays at a fixed rate. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PayVariableReceiveFixedSwapsMember" xlink:label="loc_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A" xlink:to="lab_nru_PayVariableReceiveFixedSwapsMember_273783F6BADFB3F754898AD041C4253A" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Rate Swap </link:label>
<link:label id="lab_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C_label_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Rate Swap [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C" xlink:to="lab_us-gaap_InterestRateSwapMember_39BC2413E91E075BEC558AD041C4928C" xlink:type="arc"/>
<link:label id="lab_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A_terseLabel_en-US" xlink:label="lab_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Forward Contracts </link:label>
<link:label id="lab_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A_label_en-US" xlink:label="lab_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Forward Contracts [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ForwardContractsMember" xlink:label="loc_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A" xlink:to="lab_us-gaap_ForwardContractsMember_0FD60CABDC0706719B7C8AD041C4308A" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative, Average Fixed Interest Rate </link:label>
<link:label id="lab_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9_label_en-US" xlink:label="lab_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Average Fixed Interest Rate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAverageFixedInterestRate" xlink:label="loc_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9" xlink:to="lab_us-gaap_DerivativeAverageFixedInterestRate_2844972AC95A86D6C7BF8AD041C4C8B9" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative, Average Variable Interest Rate </link:label>
<link:label id="lab_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582_label_en-US" xlink:label="lab_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Average Variable Interest Rate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAverageVariableInterestRate" xlink:label="loc_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582" xlink:to="lab_us-gaap_DerivativeAverageVariableInterestRate_BABF713C7AA0FE3164BB8AD041C48582" xlink:type="arc"/>
<link:label id="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF_terseLabel_en-US" xlink:label="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Weighted Average Interest Rate Paid Percentage </link:label>
<link:label id="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF_label_en-US" xlink:label="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Weighted Average Interest Rate Paid Percentage </link:label>
<link:label id="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF_documentation_en-US" xlink:label="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the weighted average interest rate paid on derivative contracts. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DerivativeWeightedAverageInterestRatePaidPercentage" xlink:label="loc_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF" xlink:to="lab_nru_DerivativeWeightedAverageInterestRatePaidPercentage_1B9B8C478AA1EBC33DD18AD041C414CF" xlink:type="arc"/>
<link:label id="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41_terseLabel_en-US" xlink:label="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Weighted Average Interest Rate Received Percentage </link:label>
<link:label id="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41_label_en-US" xlink:label="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Weighted Average Interest Rate Received Percentage </link:label>
<link:label id="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41_documentation_en-US" xlink:label="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the weighted average interest rate received on derivative contracts. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DerivativeWeightedAverageInterestRateReceivedPercentage" xlink:label="loc_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41" xlink:to="lab_nru_DerivativeWeightedAverageInterestRateReceivedPercentage_1A97E35EF3E4715A13D78AD041C5DB41" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_D2C64AB352EB820725E71EEF6A6B1FCC_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_CEADFD8211AA5406A589F6030558762A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, by Balance Sheet Grouping </link:label>
<link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_D2C64AB352EB820725E71EEF6A6B1FCC_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_CEADFD8211AA5406A589F6030558762A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, by Balance Sheet Grouping [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_CEADFD8211AA5406A589F6030558762A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_CEADFD8211AA5406A589F6030558762A" xlink:to="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_CEADFD8211AA5406A589F6030558762A" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_181254A42897EEC77BFF1EEF6A6B73A0_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1AF49B2272EC510F83F9D2271D63B75A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of the entity's assets and liabilities that are measured at fair value on a recurring basis </link:label>
<link:label id="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_181254A42897EEC77BFF1EEF6A6B73A0_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1AF49B2272EC510F83F9D2271D63B75A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1AF49B2272EC510F83F9D2271D63B75A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1AF49B2272EC510F83F9D2271D63B75A" xlink:to="lab_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1AF49B2272EC510F83F9D2271D63B75A" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityTable_82D2D927658994DCD2FFB1C323D13165_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_5F0E871255D65DDFA804B928B78A2B51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility [Table] </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityTable_82D2D927658994DCD2FFB1C323D13165_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_5F0E871255D65DDFA804B928B78A2B51" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_5F0E871255D65DDFA804B928B78A2B51" xlink:type="locator"/>
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<link:label id="lab_nru_ThreeYearAgreementMember_77E64E3ABF09F6031008B1C323D262B8_terseLabel_en-US" xlink:label="lab_nru_ThreeYearAgreementMember_D92850E38DF45907861ED2E730765E02" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Three Year Agreement </link:label>
<link:label id="lab_nru_ThreeYearAgreementMember_77E64E3ABF09F6031008B1C323D262B8_label_en-US" xlink:label="lab_nru_ThreeYearAgreementMember_D92850E38DF45907861ED2E730765E02" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Three Year Agreement [Member] </link:label>
<link:label id="lab_nru_ThreeYearAgreementMember_77E64E3ABF09F6031008B1C323D262B8_documentation_en-US" xlink:label="lab_nru_ThreeYearAgreementMember_D92850E38DF45907861ED2E730765E02" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Three Year Agreement [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ThreeYearAgreementMember" xlink:label="loc_nru_ThreeYearAgreementMember_D92850E38DF45907861ED2E730765E02" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_ThreeYearAgreementMember_D92850E38DF45907861ED2E730765E02" xlink:to="lab_nru_ThreeYearAgreementMember_D92850E38DF45907861ED2E730765E02" xlink:type="arc"/>
<link:label id="lab_nru_FiveYearAgreementMember_99935D3F4E4199734C28B1C323D25C6E_terseLabel_en-US" xlink:label="lab_nru_FiveYearAgreementMember_CF4E0ED2E6035414814AF6D66BE7E6D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Five Year Agreement </link:label>
<link:label id="lab_nru_FiveYearAgreementMember_99935D3F4E4199734C28B1C323D25C6E_label_en-US" xlink:label="lab_nru_FiveYearAgreementMember_CF4E0ED2E6035414814AF6D66BE7E6D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Five Year Agreement [Member] </link:label>
<link:label id="lab_nru_FiveYearAgreementMember_99935D3F4E4199734C28B1C323D25C6E_documentation_en-US" xlink:label="lab_nru_FiveYearAgreementMember_CF4E0ED2E6035414814AF6D66BE7E6D8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Five Year Agreement [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FiveYearAgreementMember" xlink:label="loc_nru_FiveYearAgreementMember_CF4E0ED2E6035414814AF6D66BE7E6D8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FiveYearAgreementMember_CF4E0ED2E6035414814AF6D66BE7E6D8" xlink:to="lab_nru_FiveYearAgreementMember_CF4E0ED2E6035414814AF6D66BE7E6D8" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditFacilityAxis_84B4AAF179972764AA98B1C323D2B2DB_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_89D180FBD0675808A170954C1F87CADC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility [Axis] </link:label>
<link:label id="lab_us-gaap_CreditFacilityAxis_84B4AAF179972764AA98B1C323D2B2DB_label_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_89D180FBD0675808A170954C1F87CADC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_89D180FBD0675808A170954C1F87CADC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityAxis_89D180FBD0675808A170954C1F87CADC" xlink:to="lab_us-gaap_CreditFacilityAxis_89D180FBD0675808A170954C1F87CADC" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditFacilityDomain_9E3372C06B9FDA56B3CDB1C323D2304F_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_C2EFB2A1DAD953478B3D0FDA02A5D9BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility [Domain] </link:label>
<link:label id="lab_us-gaap_CreditFacilityDomain_9E3372C06B9FDA56B3CDB1C323D2304F_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_C2EFB2A1DAD953478B3D0FDA02A5D9BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_C2EFB2A1DAD953478B3D0FDA02A5D9BE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityDomain_C2EFB2A1DAD953478B3D0FDA02A5D9BE" xlink:to="lab_us-gaap_CreditFacilityDomain_C2EFB2A1DAD953478B3D0FDA02A5D9BE" xlink:type="arc"/>
<link:label id="lab_us-gaap_RevolvingCreditFacilityMember_EA15B8754E6595EEDC02B1C323D337CB_terseLabel_en-US" xlink:label="lab_us-gaap_RevolvingCreditFacilityMember_321F8E7F0D785E75BFEE767B8FCA6757" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revolving credit agreements </link:label>
<link:label id="lab_us-gaap_RevolvingCreditFacilityMember_EA15B8754E6595EEDC02B1C323D337CB_label_en-US" xlink:label="lab_us-gaap_RevolvingCreditFacilityMember_321F8E7F0D785E75BFEE767B8FCA6757" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revolving Credit Facility [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_321F8E7F0D785E75BFEE767B8FCA6757" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevolvingCreditFacilityMember_321F8E7F0D785E75BFEE767B8FCA6757" xlink:to="lab_us-gaap_RevolvingCreditFacilityMember_321F8E7F0D785E75BFEE767B8FCA6757" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityLineItems_E2E2485AAB45047C83A2B1C323D367DE_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_90A9E65AE0B15014934587D2E15D1451" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revolving Credit Agreements </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityLineItems_E2E2485AAB45047C83A2B1C323D367DE_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_90A9E65AE0B15014934587D2E15D1451" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_90A9E65AE0B15014934587D2E15D1451" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_90A9E65AE0B15014934587D2E15D1451" xlink:to="lab_us-gaap_LineOfCreditFacilityLineItems_90A9E65AE0B15014934587D2E15D1451" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_9B778AC390109121B7E7B1C323D3A249_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6A64C5A7B3F15DB2863C74006B635339" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum borrowing capacity </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_9B778AC390109121B7E7B1C323D3A249_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6A64C5A7B3F15DB2863C74006B635339" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Maximum Borrowing Capacity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6A64C5A7B3F15DB2863C74006B635339" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6A64C5A7B3F15DB2863C74006B635339" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6A64C5A7B3F15DB2863C74006B635339" xlink:type="arc"/>
<link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_B3B7BB986A41B81349AEB1C323D4D4FB_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_1DAE46DA54785CD788B6C2C1078598DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letters of credit outstanding </link:label>
<link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_B3B7BB986A41B81349AEB1C323D4D4FB_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_1DAE46DA54785CD788B6C2C1078598DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letters of Credit Outstanding, Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_1DAE46DA54785CD788B6C2C1078598DD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LettersOfCreditOutstandingAmount_1DAE46DA54785CD788B6C2C1078598DD" xlink:to="lab_us-gaap_LettersOfCreditOutstandingAmount_1DAE46DA54785CD788B6C2C1078598DD" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_A456AC4AD7973AC2D9ABB1C323D4CE0E_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_18AB3BB09CA8573683B44F902F42B9EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total available </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_A456AC4AD7973AC2D9ABB1C323D4CE0E_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_18AB3BB09CA8573683B44F902F42B9EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Remaining Borrowing Capacity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_18AB3BB09CA8573683B44F902F42B9EF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_18AB3BB09CA8573683B44F902F42B9EF" xlink:to="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_18AB3BB09CA8573683B44F902F42B9EF" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentMaturityDate_179FB3DBE6DAF5787055B1C323D462B0_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_5EBFFB921E465BB7A6955D68777B7B13" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Maturity Date </link:label>
<link:label id="lab_us-gaap_DebtInstrumentMaturityDate_179FB3DBE6DAF5787055B1C323D462B0_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_5EBFFB921E465BB7A6955D68777B7B13" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Maturity Date </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="loc_us-gaap_DebtInstrumentMaturityDate_5EBFFB921E465BB7A6955D68777B7B13" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentMaturityDate_5EBFFB921E465BB7A6955D68777B7B13" xlink:to="lab_us-gaap_DebtInstrumentMaturityDate_5EBFFB921E465BB7A6955D68777B7B13" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_00F31257869C640F3631B1C323D40107_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_964BC5B2CE8552DCB2875947EFF7C29A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility Commitment Fee Percentage (percent) </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_00F31257869C640F3631B1C323D40107_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_964BC5B2CE8552DCB2875947EFF7C29A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Commitment Fee Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityCommitmentFeePercentage" xlink:label="loc_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_964BC5B2CE8552DCB2875947EFF7C29A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_964BC5B2CE8552DCB2875947EFF7C29A" xlink:to="lab_us-gaap_LineOfCreditFacilityCommitmentFeePercentage_964BC5B2CE8552DCB2875947EFF7C29A" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Short-term Debt [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Short-term Debt [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92" xlink:to="lab_us-gaap_ScheduleOfShortTermDebtTable_B273CBCC20E5260B46D686C223C5FB92" xlink:type="arc"/>
<link:label id="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670_terseLabel_en-US" xlink:label="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commercial paper sold through dealers, net of discounts </link:label>
<link:label id="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670_label_en-US" xlink:label="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Paper Sold Through Dealers Net of Discounts [Member] </link:label>
<link:label id="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670_documentation_en-US" xlink:label="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to commercial paper sold through dealers, net of discounts. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember" xlink:label="loc_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670" xlink:to="lab_nru_CommercialPaperSoldThroughDealersNetOfDiscountsMember_2E7BDCBC721C77CB9F0686C223C68670" xlink:type="arc"/>
<link:label id="lab_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179_terseLabel_en-US" xlink:label="lab_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commercial paper sold directly to members, at par </link:label>
<link:label id="lab_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179_label_en-US" xlink:label="lab_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Paper Sold Directly to Members at Par [Member] </link:label>
<link:label id="lab_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179_documentation_en-US" xlink:label="lab_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to commercial paper sold directly to members, at par. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CommercialPaperSoldDirectlyToMembersAtParMember" xlink:label="loc_nru_CommercialPaperSoldDirectlyToMembersAtParMember_3A5D6B746137CFFBA14186C223C67179" xlink:type="locator"/>
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<link:label id="lab_nru_SelectNotesMember_333544985B3524A5155486C223C61794_terseLabel_en-US" xlink:label="lab_nru_SelectNotesMember_333544985B3524A5155486C223C61794" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Select notes to members </link:label>
<link:label id="lab_nru_SelectNotesMember_333544985B3524A5155486C223C61794_label_en-US" xlink:label="lab_nru_SelectNotesMember_333544985B3524A5155486C223C61794" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Select Notes [Member] </link:label>
<link:label id="lab_nru_SelectNotesMember_333544985B3524A5155486C223C61794_documentation_en-US" xlink:label="lab_nru_SelectNotesMember_333544985B3524A5155486C223C61794" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to select notes. </link:label>
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<link:label id="lab_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0_terseLabel_en-US" xlink:label="lab_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Daily liquidity fund notes to members </link:label>
<link:label id="lab_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0_label_en-US" xlink:label="lab_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Daily Liquidity Fund Notes Sold Directly to [Member] </link:label>
<link:label id="lab_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0_documentation_en-US" xlink:label="lab_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to daily liquidity fund notes sold directly to members. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DailyLiquidityFundNotesSoldDirectlyToMember" xlink:label="loc_nru_DailyLiquidityFundNotesSoldDirectlyToMember_1FC40EF3E1E7E8F6092886C223C70FF0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ShortTermDebtLineItems_B0DDF630D678208C9FD786C223C792FE_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtLineItems_B0DDF630D678208C9FD786C223C792FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short-term Debt [Line Items] </link:label>
<link:label id="lab_us-gaap_ShortTermDebtLineItems_B0DDF630D678208C9FD786C223C792FE_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtLineItems_B0DDF630D678208C9FD786C223C792FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term Debt [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="loc_us-gaap_ShortTermDebtLineItems_B0DDF630D678208C9FD786C223C792FE" xlink:type="locator"/>
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<link:label id="lab_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3_terseLabel_en-US" xlink:label="lab_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment [Table] </link:label>
<link:label id="lab_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3_label_en-US" xlink:label="lab_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment [Table] </link:label>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentTable" xlink:label="loc_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3" xlink:to="lab_invest_InvestmentTable_20D9B21EB4E165D14C7485C8D6E52FC3" xlink:type="arc"/>
<link:label id="lab_invest_InvestmentLineItems_B8D8A2E85802E117D4FC85C8D6E8526B_terseLabel_en-US" xlink:label="lab_invest_InvestmentLineItems_B8D8A2E85802E117D4FC85C8D6E8526B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
<link:label id="lab_invest_InvestmentLineItems_B8D8A2E85802E117D4FC85C8D6E8526B_label_en-US" xlink:label="lab_invest_InvestmentLineItems_B8D8A2E85802E117D4FC85C8D6E8526B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentLineItems" xlink:label="loc_invest_InvestmentLineItems_B8D8A2E85802E117D4FC85C8D6E8526B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAbstract_D21A122F86E48A54F9A285C8D6E8FCA8_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAbstract_D21A122F86E48A54F9A285C8D6E8FCA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract] </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAbstract_D21A122F86E48A54F9A285C8D6E8FCA8_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAbstract_D21A122F86E48A54F9A285C8D6E8FCA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract] </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_E8DB0DD3C0325D0FD05C85C8D6E9242B_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_E8DB0DD3C0325D0FD05C85C8D6E9242B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less than 12 months, Fair value, held-to-maturity </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_E8DB0DD3C0325D0FD05C85C8D6E9242B_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_E8DB0DD3C0325D0FD05C85C8D6E9242B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_C4D67B55EF0954706F9685C8D6E9C8BB_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_C4D67B55EF0954706F9685C8D6E9C8BB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Less than 12 months, Gross unrealized losses, held-to-maturity </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_C4D67B55EF0954706F9685C8D6E9C8BB_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_C4D67B55EF0954706F9685C8D6E9C8BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_C4D67B55EF0954706F9685C8D6E9C8BB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_C77D943571C9089E704E85C8D6E90B70_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_C77D943571C9089E704E85C8D6E90B70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_C77D943571C9089E704E85C8D6E90B70_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_C77D943571C9089E704E85C8D6E90B70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_AE864807A4E08929B74085C8D6EA77B3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_AE864807A4E08929B74085C8D6EA77B3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_AE864807A4E08929B74085C8D6EA77B3_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_AE864807A4E08929B74085C8D6EA77B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_7E9E2439105A9BCA7A5485C8D6EA4CB8_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_7E9E2439105A9BCA7A5485C8D6EA4CB8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total Fair Value </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_7E9E2439105A9BCA7A5485C8D6EA4CB8_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_7E9E2439105A9BCA7A5485C8D6EA4CB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_3A6C915F66399A9183F185C8D6EB87D0_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_3A6C915F66399A9183F185C8D6EB87D0" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Gross Unrealized Losses </link:label>
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<link:label id="lab_us-gaap_CollateralAxis_B038FAEFBA262506C0B08AC0F23025F1_terseLabel_en-US" xlink:label="lab_us-gaap_CollateralAxis_B038FAEFBA262506C0B08AC0F23025F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral [Axis] </link:label>
<link:label id="lab_us-gaap_CollateralAxis_B038FAEFBA262506C0B08AC0F23025F1_label_en-US" xlink:label="lab_us-gaap_CollateralAxis_B038FAEFBA262506C0B08AC0F23025F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateral [Axis] </link:label>
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<link:label id="lab_us-gaap_CollateralDomain_CBDF827F537F9984D7248AC0F231710B_label_en-US" xlink:label="lab_us-gaap_CollateralDomain_CBDF827F537F9984D7248AC0F231710B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateral [Domain] </link:label>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivableRecordedInvestment_1D238323E90936A816708AC0F23296FD_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableRecordedInvestment_1D238323E90936A816708AC0F23296FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Recorded Investment </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableRecordedInvestment_1D238323E90936A816708AC0F23296FD_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableRecordedInvestment_1D238323E90936A816708AC0F23296FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Recorded Investment </link:label>
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<link:label id="lab_us-gaap_GuaranteesTextBlock_F4FE688BD4706801C3DC1EEF6A68935C_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteesTextBlock_8D8D0621B5405BB88FAF5193E3DAC42E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantees </link:label>
<link:label id="lab_us-gaap_GuaranteesTextBlock_F4FE688BD4706801C3DC1EEF6A68935C_label_en-US" xlink:label="lab_us-gaap_GuaranteesTextBlock_8D8D0621B5405BB88FAF5193E3DAC42E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantees [Text Block] </link:label>
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<link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_B846E29EEDA0E8E157381EEF69787D56_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_DE57238103DE517B9D4708C63591791D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Allowance for Credit Losses on Financing Receivables </link:label>
<link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_B846E29EEDA0E8E157381EEF69787D56_label_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_DE57238103DE517B9D4708C63591791D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="loc_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_DE57238103DE517B9D4708C63591791D" xlink:type="locator"/>
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<link:label id="lab_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_DB1B9F9F374DEBD9D16F1EEF69784101_terseLabel_en-US" xlink:label="lab_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_68D11448B6475FB0ACB501CA7A3BD70A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Allowance for Credit Losses and Recorded Investment in Financing Receivables </link:label>
<link:label id="lab_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_DB1B9F9F374DEBD9D16F1EEF69784101_label_en-US" xlink:label="lab_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_68D11448B6475FB0ACB501CA7A3BD70A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Allowance for Credit Losses and Recorded Investment in Financing Receivables [Table Text Block] </link:label>
<link:label id="lab_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_DB1B9F9F374DEBD9D16F1EEF69784101_documentation_en-US" xlink:label="lab_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_68D11448B6475FB0ACB501CA7A3BD70A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of allowance for credit losses including specific valuation allowance related to individually-evaluated impaired loans, as well as a general reserve for other probable incurred losses for loans that are collectively evaluated. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock" xlink:label="loc_nru_AllowanceForCreditLossesAndRecordedInvestmentInFinancingReceivablesTableTextBlock_68D11448B6475FB0ACB501CA7A3BD70A" xlink:type="locator"/>
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<link:label id="lab_nru_ShortTermDebtasPercentageofDebtOutstanding_15AA440E9D2833AD7BA686C22B3A84F6_terseLabel_en-US" xlink:label="lab_nru_ShortTermDebtasPercentageofDebtOutstanding_15AA440E9D2833AD7BA686C22B3A84F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short Term Debt as Percentage of Debt Outstanding </link:label>
<link:label id="lab_nru_ShortTermDebtasPercentageofDebtOutstanding_15AA440E9D2833AD7BA686C22B3A84F6_label_en-US" xlink:label="lab_nru_ShortTermDebtasPercentageofDebtOutstanding_15AA440E9D2833AD7BA686C22B3A84F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short Term Debt as Percentage of Debt Outstanding </link:label>
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<link:label id="lab_nru_LetterOfCreditMaximumAmountAvailable_01985DA666D559A1DFA986C22B3B4DA8_terseLabel_en-US" xlink:label="lab_nru_LetterOfCreditMaximumAmountAvailable_01985DA666D559A1DFA986C22B3B4DA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letter of Credit Maximum Amount Available </link:label>
<link:label id="lab_nru_LetterOfCreditMaximumAmountAvailable_01985DA666D559A1DFA986C22B3B4DA8_label_en-US" xlink:label="lab_nru_LetterOfCreditMaximumAmountAvailable_01985DA666D559A1DFA986C22B3B4DA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letter of Credit Maximum Amount Available </link:label>
<link:label id="lab_nru_LetterOfCreditMaximumAmountAvailable_01985DA666D559A1DFA986C22B3B4DA8_documentation_en-US" xlink:label="lab_nru_LetterOfCreditMaximumAmountAvailable_01985DA666D559A1DFA986C22B3B4DA8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the maximum amount of letters of credit that are available under the credit facility. </link:label>
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<link:label id="lab_nru_LineOfCreditFacilityTerminated_788C607EFB317CE4E00D86DD6603331D_terseLabel_en-US" xlink:label="lab_nru_LineOfCreditFacilityTerminated_788C607EFB317CE4E00D86DD6603331D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line Of Credit Facility Terminated </link:label>
<link:label id="lab_nru_LineOfCreditFacilityTerminated_788C607EFB317CE4E00D86DD6603331D_label_en-US" xlink:label="lab_nru_LineOfCreditFacilityTerminated_788C607EFB317CE4E00D86DD6603331D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line Of Credit Facility Terminated </link:label>
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<link:label id="lab_us-gaap_InterestExpense_9182F7E08E4E5EF1B31F86D06448A4D2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_9182F7E08E4E5EF1B31F86D06448A4D2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Derivative cash settlements expense </link:label>
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<link:label id="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock_3589BFF8A5EE185C82BD1EEF69083D97_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock_3BA6A0AEB3BF5EDA8D3FE6980112DC00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment Securities </link:label>
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<link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_1F34926EA29F8A1E00328646A2CE2008_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_1F34926EA29F8A1E00328646A2CE2008" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_1F34926EA29F8A1E00328646A2CE2008_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_1F34926EA29F8A1E00328646A2CE2008" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </link:label>
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<link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Receivable Type [Axis] </link:label>
<link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1_label_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Receivable Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1" xlink:to="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_618B2B0F234AE1A715278646A2CFE2F1" xlink:type="arc"/>
<link:label id="lab_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Receivable Type [Domain] </link:label>
<link:label id="lab_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C_label_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Receivable [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="loc_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C" xlink:to="lab_us-gaap_ReceivableTypeDomain_A145BCBF7C2ABB5F383C8646A2CF4B9C" xlink:type="arc"/>
<link:label id="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E_terseLabel_en-US" xlink:label="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term variable-rate loans </link:label>
<link:label id="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E_label_en-US" xlink:label="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-Term Variable Rate Loans [Member] </link:label>
<link:label id="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E_documentation_en-US" xlink:label="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to long-term variable-rate loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermVariableRateLoansMember" xlink:label="loc_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E" xlink:to="lab_nru_LongTermVariableRateLoansMember_428437CFAD6B433488058646A2D0238E" xlink:type="arc"/>
<link:label id="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567_terseLabel_en-US" xlink:label="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long Term Loans </link:label>
<link:label id="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567_label_en-US" xlink:label="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long Term Loans [Member] </link:label>
<link:label id="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567_documentation_en-US" xlink:label="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long Term Loans [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermLoansMember" xlink:label="loc_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567" xlink:to="lab_nru_LongTermLoansMember_5D663FB385E9AE0F12998646A2D01567" xlink:type="arc"/>
<link:label id="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611_terseLabel_en-US" xlink:label="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of credit loans </link:label>
<link:label id="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611_label_en-US" xlink:label="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Loans [Member] </link:label>
<link:label id="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611_documentation_en-US" xlink:label="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to line of credit loans receivable. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LineOfCreditLoansMember" xlink:label="loc_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611" xlink:to="lab_nru_LineOfCreditLoansMember_97C10F7A0020E283FDC48646A2D0F611" xlink:type="arc"/>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_230F38E44957951B24E88646A2D30797_verboseLabel_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_230F38E44957951B24E88646A2D30797" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Types of Financial Instruments [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_230F38E44957951B24E88646A2D30797" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_230F38E44957951B24E88646A2D30797" xlink:to="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_230F38E44957951B24E88646A2D30797" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unadvanced commitments </link:label>
<link:label id="lab_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1_label_en-US" xlink:label="lab_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments to Extend Credit [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsToExtendCreditMember" xlink:label="loc_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1" xlink:to="lab_us-gaap_CommitmentsToExtendCreditMember_EE4549C827274A4D04A68646A3160BF1" xlink:type="arc"/>
<link:label id="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F_verboseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Deferred loan origination costs </link:label>
<link:label id="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F_label_en-US" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:label="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F" xlink:to="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_D88C48B9E9C82009C0178646A318BA9F" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unadvanced commitments </link:label>
<link:label id="lab_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29_label_en-US" xlink:label="lab_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitment" xlink:label="loc_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29" xlink:to="lab_us-gaap_OtherCommitment_062A51C3DCBB3F78CF1E8646A318BC29" xlink:type="arc"/>
<link:label id="lab_us-gaap_ExternalCreditRatingByGroupingAxis_729FFF3A476CD4007B501EF36AA78014_terseLabel_en-US" xlink:label="lab_us-gaap_ExternalCreditRatingByGroupingAxis_A0FEB6C84DAF54AB81C5A11E0BB00B53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> External Credit Rating by Grouping [Axis] </link:label>
<link:label id="lab_us-gaap_ExternalCreditRatingByGroupingAxis_729FFF3A476CD4007B501EF36AA78014_label_en-US" xlink:label="lab_us-gaap_ExternalCreditRatingByGroupingAxis_A0FEB6C84DAF54AB81C5A11E0BB00B53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> External Credit Rating by Grouping [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingAxis" xlink:label="loc_us-gaap_ExternalCreditRatingByGroupingAxis_A0FEB6C84DAF54AB81C5A11E0BB00B53" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ExternalCreditRatingByGroupingAxis_A0FEB6C84DAF54AB81C5A11E0BB00B53" xlink:to="lab_us-gaap_ExternalCreditRatingByGroupingAxis_A0FEB6C84DAF54AB81C5A11E0BB00B53" xlink:type="arc"/>
<link:label id="lab_us-gaap_ExternalCreditRatingByGroupingDomain_E6B7F5CDC908D57205E71EF36AA796AE_terseLabel_en-US" xlink:label="lab_us-gaap_ExternalCreditRatingByGroupingDomain_F01E35D943685A14967107F56932B67E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> External Credit Rating by Grouping [Domain] </link:label>
<link:label id="lab_us-gaap_ExternalCreditRatingByGroupingDomain_E6B7F5CDC908D57205E71EF36AA796AE_label_en-US" xlink:label="lab_us-gaap_ExternalCreditRatingByGroupingDomain_F01E35D943685A14967107F56932B67E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> External Credit Rating by Grouping [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="loc_us-gaap_ExternalCreditRatingByGroupingDomain_F01E35D943685A14967107F56932B67E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ExternalCreditRatingByGroupingDomain_F01E35D943685A14967107F56932B67E" xlink:to="lab_us-gaap_ExternalCreditRatingByGroupingDomain_F01E35D943685A14967107F56932B67E" xlink:type="arc"/>
<link:label id="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_C32CE074D22AFC0701A51EF36AA87F3E_terseLabel_en-US" xlink:label="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_5D6EA00CCC8A5D269DFC8616984BFF1F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Moody's, A3 Rating Standard Poor's A- rating </link:label>
<link:label id="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_C32CE074D22AFC0701A51EF36AA87F3E_label_en-US" xlink:label="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_5D6EA00CCC8A5D269DFC8616984BFF1F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Moodys A3 Rating Standard Poors A Minus Rating [Member] </link:label>
<link:label id="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_C32CE074D22AFC0701A51EF36AA87F3E_documentation_en-US" xlink:label="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_5D6EA00CCC8A5D269DFC8616984BFF1F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Moodys A3 Rating Standard Poors A Minus Rating [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MoodysA3RatingStandardPoorsAMinusRatingMember" xlink:label="loc_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_5D6EA00CCC8A5D269DFC8616984BFF1F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_5D6EA00CCC8A5D269DFC8616984BFF1F" xlink:to="lab_nru_MoodysA3RatingStandardPoorsAMinusRatingMember_5D6EA00CCC8A5D269DFC8616984BFF1F" xlink:type="arc"/>
<link:label id="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_C6ECAD8C771BE182A5781EF36AA821A9_terseLabel_en-US" xlink:label="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_FB366846CEE350F996C1F422AE889E1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Moodys Baa 1 Rating Standard Poor's BBB Plus Rating </link:label>
<link:label id="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_C6ECAD8C771BE182A5781EF36AA821A9_label_en-US" xlink:label="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_FB366846CEE350F996C1F422AE889E1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Moodys Baa 1 Rating Standard Poor's BBB Plus Rating [Member] </link:label>
<link:label id="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_C6ECAD8C771BE182A5781EF36AA821A9_documentation_en-US" xlink:label="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_FB366846CEE350F996C1F422AE889E1A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Baa1 or BBB+ credit rating as defined by the external credit rating agency, Moody's or Standard & Poor's. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember" xlink:label="loc_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_FB366846CEE350F996C1F422AE889E1A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_FB366846CEE350F996C1F422AE889E1A" xlink:to="lab_nru_MoodysBaa1RatingStandardPoorsBBBPlusRatingMember_FB366846CEE350F996C1F422AE889E1A" xlink:type="arc"/>
<link:label id="lab_nru_MoodysBaa2RatingStandardPoorsBBBRatingMember_A2B3920566C07153AB851EF36AA83C5B_terseLabel_en-US" xlink:label="lab_nru_MoodysBaa2RatingStandardPoorsBBBRatingMember_8FDCEB3CFBA35F5CA4614F06F6440606" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Moody's Baa 2 Rating Standard Poor's BBB Rating </link:label>
<link:label id="lab_nru_MoodysBaa2RatingStandardPoorsBBBRatingMember_A2B3920566C07153AB851EF36AA83C5B_label_en-US" xlink:label="lab_nru_MoodysBaa2RatingStandardPoorsBBBRatingMember_8FDCEB3CFBA35F5CA4614F06F6440606" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Moody's Baa 2 Rating Standard Poor's BBB Rating [Member] </link:label>
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<link:label id="lab_us-gaap_GainLossOnSaleOfDebtInvestments_08262E23CBC5CD77665085C8D6A5E52F_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDebtInvestments_08262E23CBC5CD77665085C8D6A5E52F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Gain (Loss) on Sale of Debt Investments </link:label>
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<link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_34910BC3872BE16ECC668BC265CF99E7_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_34910BC3872BE16ECC668BC265CF99E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Segment Reporting Information, by Segment [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_34910BC3872BE16ECC668BC265CF99E7_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_34910BC3872BE16ECC668BC265CF99E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Segment Reporting Information, by Segment [Table] </link:label>
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<link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_CE0048EAE6AA947D5E2A8BC265D689B6_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_CE0048EAE6AA947D5E2A8BC265D689B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Business Segments [Axis] </link:label>
<link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_CE0048EAE6AA947D5E2A8BC265D689B6_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_CE0048EAE6AA947D5E2A8BC265D689B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [Axis] </link:label>
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<link:label id="lab_us-gaap_SegmentDomain_7823BE2C30D4954E26ED8BC265D6AA0A_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_7823BE2C30D4954E26ED8BC265D6AA0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment [Domain] </link:label>
<link:label id="lab_us-gaap_SegmentDomain_7823BE2C30D4954E26ED8BC265D6AA0A_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_7823BE2C30D4954E26ED8BC265D6AA0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [Domain] </link:label>
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<link:label id="lab_nru_NationalRuralUtilitiesCooperativeFinanceCorporationMember_C8820EBADC9A7F5D39B38BC265D6FE97_terseLabel_en-US" xlink:label="lab_nru_NationalRuralUtilitiesCooperativeFinanceCorporationMember_C8820EBADC9A7F5D39B38BC265D6FE97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CFC </link:label>
<link:label id="lab_nru_NationalRuralUtilitiesCooperativeFinanceCorporationMember_C8820EBADC9A7F5D39B38BC265D6FE97_label_en-US" xlink:label="lab_nru_NationalRuralUtilitiesCooperativeFinanceCorporationMember_C8820EBADC9A7F5D39B38BC265D6FE97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> National Rural Utilities Cooperative Finance Corporation [Member] </link:label>
<link:label id="lab_nru_NationalRuralUtilitiesCooperativeFinanceCorporationMember_C8820EBADC9A7F5D39B38BC265D6FE97_documentation_en-US" xlink:label="lab_nru_NationalRuralUtilitiesCooperativeFinanceCorporationMember_C8820EBADC9A7F5D39B38BC265D6FE97" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the National Rural Utilities Cooperative Finance Corporation, an operating segment of the entity. </link:label>
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<link:label id="lab_us-gaap_AllOtherSegmentsMember_566FE2F33C70D5A221C98BC265D69735_terseLabel_en-US" xlink:label="lab_us-gaap_AllOtherSegmentsMember_566FE2F33C70D5A221C98BC265D69735" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_us-gaap_AllOtherSegmentsMember_566FE2F33C70D5A221C98BC265D69735_label_en-US" xlink:label="lab_us-gaap_AllOtherSegmentsMember_566FE2F33C70D5A221C98BC265D69735" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Segments [Member] </link:label>
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<link:label id="lab_us-gaap_IntersegmentEliminationMember_241B4701AE6AA2B195658BC265D75BB6_terseLabel_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_241B4701AE6AA2B195658BC265D75BB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Elimination </link:label>
<link:label id="lab_us-gaap_IntersegmentEliminationMember_241B4701AE6AA2B195658BC265D75BB6_label_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_241B4701AE6AA2B195658BC265D75BB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intersegment Eliminations [Member] </link:label>
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<link:label id="lab_us-gaap_SegmentReportingInformationLineItems_09893D88D901B1AC66758BC265D72840_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_09893D88D901B1AC66758BC265D72840" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment Information </link:label>
<link:label id="lab_us-gaap_SegmentReportingInformationLineItems_09893D88D901B1AC66758BC265D72840_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_09893D88D901B1AC66758BC265D72840" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Reporting Information [Line Items] </link:label>
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<link:label id="lab_us-gaap_IncomeStatementAbstract_25ACD181837DCAB61FF78BC265D7E0BA_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_25ACD181837DCAB61FF78BC265D7E0BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement of operations: </link:label>
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<link:label id="lab_us-gaap_ProvisionForLoanLossesExpensed_1F9DC91FB7BC21DDA6A78BC265D8E606_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed_1F9DC91FB7BC21DDA6A78BC265D8E606" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Provision for loan losses </link:label>
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<link:label id="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_4E0D0C153A20F066EA6D8BC265E16406_terseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_4E0D0C153A20F066EA6D8BC265E16406" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums </link:label>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_D6AA29D869BA02DF476D8BC265E69023_negatedLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_D6AA29D869BA02DF476D8BC265E69023" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Less: Allowance for loan losses </link:label>
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<link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_AA735895ADA0500B88458F01C29067D3" xlink:type="locator"/>
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<link:label id="lab_dei_DocumentFiscalPeriodFocus_2BAFA5B8340C4909B8AB1EEF6A72F35A_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus_9EAF511C18D45DB885C0B5042FA0F2FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Fiscal Period Focus </link:label>
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<link:label id="lab_dei_EntitySmallBusiness_27C37EF78215AB08E5661EEF6A72CEE7_terseLabel_en-US" xlink:label="lab_dei_EntitySmallBusiness_93C6E2DD119B5DD084C30F29C432CE2C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Small Business </link:label>
<link:label id="lab_dei_EntitySmallBusiness_27C37EF78215AB08E5661EEF6A72CEE7_label_en-US" xlink:label="lab_dei_EntitySmallBusiness_93C6E2DD119B5DD084C30F29C432CE2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Small Business </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntitySmallBusiness" xlink:label="loc_dei_EntitySmallBusiness_93C6E2DD119B5DD084C30F29C432CE2C" xlink:type="locator"/>
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<link:label id="lab_dei_EntityEmergingGrowthCompany_25CCC2A0DEFC573E68101EEF6A730E28_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany_FCABD9D640855DFA9D31BB06C2BB7D2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
<link:label id="lab_dei_EntityEmergingGrowthCompany_25CCC2A0DEFC573E68101EEF6A730E28_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany_FCABD9D640855DFA9D31BB06C2BB7D2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_dei_EntityEmergingGrowthCompany_FCABD9D640855DFA9D31BB06C2BB7D2F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_265DAE133A1E0463916785950794B60E_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_265DAE133A1E0463916785950794B60E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Primary Beneficiary </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_265DAE133A1E0463916785950794B60E_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_265DAE133A1E0463916785950794B60E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Primary Beneficiary [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_265DAE133A1E0463916785950794B60E" xlink:type="locator"/>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="loc_us-gaap_GuaranteeObligationsMaximumExposure_64578C7CE2CC692404C485950795E9DC" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SubordinatedBorrowingsDisclosureTextBlock_6081F68A3F7827EF8F141EEF6A5C4467_terseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingsDisclosureTextBlock_A6A1B6C4FD3059C181AB295098957584" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Deferrable Debt </link:label>
<link:label id="lab_us-gaap_SubordinatedBorrowingsDisclosureTextBlock_6081F68A3F7827EF8F141EEF6A5C4467_label_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingsDisclosureTextBlock_A6A1B6C4FD3059C181AB295098957584" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Borrowings Disclosure [Text Block] </link:label>
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<link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_013FDBB069AC2FC84F7780740EDA9B94_label_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract_013FDBB069AC2FC84F7780740EDA9B94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Financial Position [Abstract] </link:label>
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<link:label id="lab_us-gaap_AssetsAbstract_0B90B6A9489AF997B0F580740EDAA6CC_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_0B90B6A9489AF997B0F580740EDAA6CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets: </link:label>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AB85479E2BBA893BC31080740EDB1BAB_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AB85479E2BBA893BC31080740EDB1BAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AB85479E2BBA893BC31080740EDB1BAB_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_AB85479E2BBA893BC31080740EDB1BAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, at Carrying Value </link:label>
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<link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_B18E1BCF4A7A203BFBF380740EDBC163_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_B18E1BCF4A7A203BFBF380740EDBC163" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Restricted cash </link:label>
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<link:label id="lab_us-gaap_Investments_D8956A85D240FAB151ED80740EDC4FB0_totalLabel_en-US" xlink:label="lab_us-gaap_Investments_D8956A85D240FAB151ED80740EDC4FB0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total investment securities </link:label>
<link:label id="lab_us-gaap_Investments_D8956A85D240FAB151ED80740EDC4FB0_label_en-US" xlink:label="lab_us-gaap_Investments_D8956A85D240FAB151ED80740EDC4FB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
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<link:loc xlink:href="nru-20191130.xsd#nru_LoansAndLeasesReceivableCommercialNetOfAllowance" xlink:label="loc_nru_LoansAndLeasesReceivableCommercialNetOfAllowance_7F72182A2A5E3C9B7B4280740EDD53C2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrued interest receivable </link:label>
<link:label id="lab_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31_label_en-US" xlink:label="lab_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accrued Investment Income Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable" xlink:label="loc_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31" xlink:to="lab_us-gaap_AccruedInvestmentIncomeReceivable_8B13EB4E8BB5107121D580740EDD6A31" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other receivables </link:label>
<link:label id="lab_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Receivables </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E" xlink:to="lab_us-gaap_OtherReceivables_82B1F96DEC593C4C533980740EDD547E" xlink:type="arc"/>
<link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixed assets, net </link:label>
<link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, Plant and Equipment, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_EAAD2557B07411EEF7CC80740EDEE356" xlink:type="arc"/>
<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities: </link:label>
<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities and Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79E240374706F2BE06F680740EDFFCA5" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrued interest payable </link:label>
<link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Payable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772" xlink:to="lab_us-gaap_InterestPayableCurrentAndNoncurrent_58E68C10423C60E2F8E380740EDF5772" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6_terseLabel_en-US" xlink:label="lab_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt outstanding: </link:label>
<link:label id="lab_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6_label_en-US" xlink:label="lab_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt and Lease Obligation [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtAndCapitalLeaseObligationsAbstract" xlink:label="loc_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6" xlink:to="lab_us-gaap_DebtAndCapitalLeaseObligationsAbstract_E32BC391B8FE9757DBEE80740EDF97D6" xlink:type="arc"/>
<link:label id="lab_us-gaap_ShortTermBorrowings_068DF46E3967BE1D1F6880740EDF1235_verboseLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_068DF46E3967BE1D1F6880740EDF1235" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Short-term borrowings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_068DF46E3967BE1D1F6880740EDF1235" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermBorrowings_068DF46E3967BE1D1F6880740EDF1235" xlink:to="lab_us-gaap_ShortTermBorrowings_068DF46E3967BE1D1F6880740EDF1235" xlink:type="arc"/>
<link:label id="lab_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047_terseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated deferrable debt </link:label>
<link:label id="lab_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047_label_en-US" xlink:label="lab_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Long-term Debt, Noncurrent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubordinatedLongTermDebt" xlink:label="loc_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047" xlink:to="lab_us-gaap_SubordinatedLongTermDebt_CBF2CD94245C305CBBBB80740EE08047" xlink:type="arc"/>
<link:label id="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3_terseLabel_en-US" xlink:label="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Members’ subordinated certificates: </link:label>
<link:label id="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3_label_en-US" xlink:label="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Members' Subordinated Certificates [Abstract] </link:label>
<link:label id="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3_documentation_en-US" xlink:label="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Members' Subordinated Certificates [Abstract] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MembersSubordinatedCertificatesAbstract" xlink:label="loc_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3" xlink:to="lab_nru_MembersSubordinatedCertificatesAbstract_4285E54153D4483B7CAB80740EE0ADE3" xlink:type="arc"/>
<link:label id="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302_terseLabel_en-US" xlink:label="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Membership subordinated certificates </link:label>
<link:label id="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302_label_en-US" xlink:label="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Membership Subordinated Certificates </link:label>
<link:label id="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302_documentation_en-US" xlink:label="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Membership Subordinated Certificates </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MembershipSubordinatedCertificates" xlink:label="loc_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302" xlink:to="lab_nru_MembershipSubordinatedCertificates_65602DCFAA5E391F9A4280740EE00302" xlink:type="arc"/>
<link:label id="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925_terseLabel_en-US" xlink:label="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loan and guarantee subordinated certificates </link:label>
<link:label id="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925_label_en-US" xlink:label="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loan and Guarantee Subordinated Certificates </link:label>
<link:label id="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925_documentation_en-US" xlink:label="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loan and Guarantee Subordinated Certificates </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoanandGuaranteeSubordinatedCertificates" xlink:label="loc_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925" xlink:to="lab_nru_LoanandGuaranteeSubordinatedCertificates_95C3995D8CA95014A83E80740EE16925" xlink:type="arc"/>
<link:label id="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E_terseLabel_en-US" xlink:label="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Member capital securities </link:label>
<link:label id="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E_label_en-US" xlink:label="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Member Capital Securities </link:label>
<link:label id="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E_documentation_en-US" xlink:label="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Member Capital Securities </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MemberCapitalSecurities" xlink:label="loc_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E" xlink:to="lab_nru_MemberCapitalSecurities_9A2838EEB4AA036B931380740EE1398E" xlink:type="arc"/>
<link:label id="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47_totalLabel_en-US" xlink:label="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total members’ subordinated certificates </link:label>
<link:label id="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47_label_en-US" xlink:label="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Members Subordinated Certificates </link:label>
<link:label id="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47_documentation_en-US" xlink:label="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Members Subordinated Certificates </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MembersSubordinatedCertificates" xlink:label="loc_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47" xlink:to="lab_nru_MembersSubordinatedCertificates_3AD30B85158E40FE31CB80740EE13E47" xlink:type="arc"/>
<link:label id="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D_totalLabel_en-US" xlink:label="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total debt outstanding </link:label>
<link:label id="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D_label_en-US" xlink:label="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long Term Debt, Including Members' Subordinated Certificates </link:label>
<link:label id="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D_documentation_en-US" xlink:label="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long Term Debt, Including Members' Subordinated Certificates </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LongTermDebtIncludingMembersSubordinatedCertificates" xlink:label="loc_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D" xlink:to="lab_nru_LongTermDebtIncludingMembersSubordinatedCertificates_68797F84355319ECF3D080740EE1078D" xlink:type="arc"/>
<link:label id="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E_terseLabel_en-US" xlink:label="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Patronage capital retirement payable </link:label>
<link:label id="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E_label_en-US" xlink:label="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Patronage Capital Retirement Payable </link:label>
<link:label id="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E_documentation_en-US" xlink:label="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value as of the balance sheet date of earnings retired of net earning allocated to patrons at the end of the year, as required by the District of Columbia cooperative law. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PatronageCapitalRetirementPayable" xlink:label="loc_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E" xlink:to="lab_nru_PatronageCapitalRetirementPayable_CE903C7F77F95CC0DC2080740EE2566E" xlink:type="arc"/>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity: </link:label>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_4D14D5AB997D89F8C80480740EE24EBA" xlink:type="arc"/>
<link:label id="lab_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CFC equity: </link:label>
<link:label id="lab_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity Attributable to Parent [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="loc_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F" xlink:to="lab_us-gaap_StockholdersEquityAbstract_0B710E96D03A1577E19280740EE3142F" xlink:type="arc"/>
<link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained equity </link:label>
<link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings (Accumulated Deficit) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit_BCC40E25BEAE1F5B6C9A80740EE343FB" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_50B04F076D188B9FFF5380740EE3A81B_verboseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_50B04F076D188B9FFF5380740EE3A81B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated other comprehensive loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_50B04F076D188B9FFF5380740EE3A81B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_50B04F076D188B9FFF5380740EE3A81B" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_50B04F076D188B9FFF5380740EE3A81B" xlink:type="arc"/>
<link:label id="lab_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total CFC equity </link:label>
<link:label id="lab_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5_label_en-US" xlink:label="lab_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity Attributable to Parent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5" xlink:to="lab_us-gaap_StockholdersEquity_C57A753A238E4038000C80740EE3A5B5" xlink:type="arc"/>
<link:label id="lab_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC_terseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Noncontrolling interests </link:label>
<link:label id="lab_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC_label_en-US" xlink:label="lab_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity Attributable to Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC" xlink:to="lab_us-gaap_MinorityInterest_6A2B26C48E51CD8F0BA580740EE481DC" xlink:type="arc"/>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_03AA711E9ED1D2A5769080740EE4C964_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_03AA711E9ED1D2A5769080740EE4C964" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total equity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_03AA711E9ED1D2A5769080740EE4C964" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_03AA711E9ED1D2A5769080740EE4C964" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_03AA711E9ED1D2A5769080740EE4C964" xlink:type="arc"/>
<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total liabilities and equity </link:label>
<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities and Equity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquity_8552A6F121E1CA7B3C3180740EE45517" xlink:type="arc"/>
<link:label id="lab_us-gaap_SubordinatedBorrowingAxis_A42A1E95DDD1520A2391A7BB77A20125_terseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingAxis_5865B9FE2ECB51F7A90BFB69BB1FF7DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Borrowing [Axis] </link:label>
<link:label id="lab_us-gaap_SubordinatedBorrowingAxis_A42A1E95DDD1520A2391A7BB77A20125_label_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingAxis_5865B9FE2ECB51F7A90BFB69BB1FF7DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Borrowing [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubordinatedBorrowingAxis" xlink:label="loc_us-gaap_SubordinatedBorrowingAxis_5865B9FE2ECB51F7A90BFB69BB1FF7DF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubordinatedBorrowingAxis_5865B9FE2ECB51F7A90BFB69BB1FF7DF" xlink:to="lab_us-gaap_SubordinatedBorrowingAxis_5865B9FE2ECB51F7A90BFB69BB1FF7DF" xlink:type="arc"/>
<link:label id="lab_us-gaap_SubordinatedBorrowingNameDomain_E808AE83E136553F7017A7BB77A2945D_terseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingNameDomain_601A077458DB5BAA8C939813E1B8E0A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Borrowing, Name [Domain] </link:label>
<link:label id="lab_us-gaap_SubordinatedBorrowingNameDomain_E808AE83E136553F7017A7BB77A2945D_label_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingNameDomain_601A077458DB5BAA8C939813E1B8E0A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Borrowing, Name [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubordinatedBorrowingNameDomain" xlink:label="loc_us-gaap_SubordinatedBorrowingNameDomain_601A077458DB5BAA8C939813E1B8E0A6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubordinatedBorrowingNameDomain_601A077458DB5BAA8C939813E1B8E0A6" xlink:to="lab_us-gaap_SubordinatedBorrowingNameDomain_601A077458DB5BAA8C939813E1B8E0A6" xlink:type="arc"/>
<link:label id="lab_nru_SubordinatedNotes4.75PercentDue2043Member_33DE273744FDC2B1E945A7BB77A32931_terseLabel_en-US" xlink:label="lab_nru_SubordinatedNotes4.75PercentDue2043Member_5C318F28986458ABA285C79934FD99B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 4.75 percent due 2043 </link:label>
<link:label id="lab_nru_SubordinatedNotes4.75PercentDue2043Member_33DE273744FDC2B1E945A7BB77A32931_label_en-US" xlink:label="lab_nru_SubordinatedNotes4.75PercentDue2043Member_5C318F28986458ABA285C79934FD99B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Notes 4.75 Percent Due 2043 [Member] </link:label>
<link:label id="lab_nru_SubordinatedNotes4.75PercentDue2043Member_33DE273744FDC2B1E945A7BB77A32931_documentation_en-US" xlink:label="lab_nru_SubordinatedNotes4.75PercentDue2043Member_5C318F28986458ABA285C79934FD99B7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the 4.75 percent subordinated notes due in 2043. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_SubordinatedNotes4.75PercentDue2043Member" xlink:label="loc_nru_SubordinatedNotes4.75PercentDue2043Member_5C318F28986458ABA285C79934FD99B7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_SubordinatedNotes4.75PercentDue2043Member_5C318F28986458ABA285C79934FD99B7" xlink:to="lab_nru_SubordinatedNotes4.75PercentDue2043Member_5C318F28986458ABA285C79934FD99B7" xlink:type="arc"/>
<link:label id="lab_nru_SubordinatedNotes5.25PercentDue2046Member_7500C6746470FACE6BE8A7BB77A38D10_terseLabel_en-US" xlink:label="lab_nru_SubordinatedNotes5.25PercentDue2046Member_857D1CBE83785F3EB583E5B15E936BE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 5.25 Percent Due 2046 </link:label>
<link:label id="lab_nru_SubordinatedNotes5.25PercentDue2046Member_7500C6746470FACE6BE8A7BB77A38D10_label_en-US" xlink:label="lab_nru_SubordinatedNotes5.25PercentDue2046Member_857D1CBE83785F3EB583E5B15E936BE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Notes 5.25 Percent Due 2046 [Member] </link:label>
<link:label id="lab_nru_SubordinatedNotes5.25PercentDue2046Member_7500C6746470FACE6BE8A7BB77A38D10_documentation_en-US" xlink:label="lab_nru_SubordinatedNotes5.25PercentDue2046Member_857D1CBE83785F3EB583E5B15E936BE5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the 5.25 percent subordinated notes due 2046. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_SubordinatedNotes5.25PercentDue2046Member" xlink:label="loc_nru_SubordinatedNotes5.25PercentDue2046Member_857D1CBE83785F3EB583E5B15E936BE5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_SubordinatedNotes5.25PercentDue2046Member_857D1CBE83785F3EB583E5B15E936BE5" xlink:to="lab_nru_SubordinatedNotes5.25PercentDue2046Member_857D1CBE83785F3EB583E5B15E936BE5" xlink:type="arc"/>
<link:label id="lab_nru_SubordinatedNotes5.50PercentDue2064Member_8D064CA3C955A2A837E9A7BB77A3B90A_terseLabel_en-US" xlink:label="lab_nru_SubordinatedNotes5.50PercentDue2064Member_893C287A66415168A1FF4C2E15A159DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 5.50 Percent Due 2064 </link:label>
<link:label id="lab_nru_SubordinatedNotes5.50PercentDue2064Member_8D064CA3C955A2A837E9A7BB77A3B90A_label_en-US" xlink:label="lab_nru_SubordinatedNotes5.50PercentDue2064Member_893C287A66415168A1FF4C2E15A159DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Notes 5.50 Percent Due 2064 [Member] </link:label>
<link:label id="lab_nru_SubordinatedNotes5.50PercentDue2064Member_8D064CA3C955A2A837E9A7BB77A3B90A_documentation_en-US" xlink:label="lab_nru_SubordinatedNotes5.50PercentDue2064Member_893C287A66415168A1FF4C2E15A159DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the 5.50 percent subordinated notes due 2064. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_SubordinatedNotes5.50PercentDue2064Member" xlink:label="loc_nru_SubordinatedNotes5.50PercentDue2064Member_893C287A66415168A1FF4C2E15A159DA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_SubordinatedNotes5.50PercentDue2064Member_893C287A66415168A1FF4C2E15A159DA" xlink:to="lab_nru_SubordinatedNotes5.50PercentDue2064Member_893C287A66415168A1FF4C2E15A159DA" xlink:type="arc"/>
<link:label id="lab_us-gaap_SubordinatedDebtMember_4C14099B954A3DE74973A7BB77A30191_terseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedDebtMember_15A6E0150AEC57D59E5D400D2AC4DBAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Debt </link:label>
<link:label id="lab_us-gaap_SubordinatedDebtMember_4C14099B954A3DE74973A7BB77A30191_label_en-US" xlink:label="lab_us-gaap_SubordinatedDebtMember_15A6E0150AEC57D59E5D400D2AC4DBAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubordinatedDebtMember" xlink:label="loc_us-gaap_SubordinatedDebtMember_15A6E0150AEC57D59E5D400D2AC4DBAB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubordinatedDebtMember_15A6E0150AEC57D59E5D400D2AC4DBAB" xlink:to="lab_us-gaap_SubordinatedDebtMember_15A6E0150AEC57D59E5D400D2AC4DBAB" xlink:type="arc"/>
<link:label id="lab_us-gaap_SubordinatedBorrowingLineItems_DAEE59545F05AD218119A7BB77A4D37A_verboseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingLineItems_6F2B1B80632254098048B3FABA75C6A5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Deferrable Debt </link:label>
<link:label id="lab_us-gaap_SubordinatedBorrowingLineItems_DAEE59545F05AD218119A7BB77A4D37A_label_en-US" xlink:label="lab_us-gaap_SubordinatedBorrowingLineItems_6F2B1B80632254098048B3FABA75C6A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Borrowing [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubordinatedBorrowingLineItems" xlink:label="loc_us-gaap_SubordinatedBorrowingLineItems_6F2B1B80632254098048B3FABA75C6A5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SubordinatedDebt_0D8873EA3F7402F6C8CDA7BB77A4904D_terseLabel_en-US" xlink:label="lab_us-gaap_SubordinatedDebt_65F0C23E1D5B555EA6FD824171456FA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Debt </link:label>
<link:label id="lab_us-gaap_SubordinatedDebt_0D8873EA3F7402F6C8CDA7BB77A4904D_label_en-US" xlink:label="lab_us-gaap_SubordinatedDebt_65F0C23E1D5B555EA6FD824171456FA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubordinatedDebt" xlink:label="loc_us-gaap_SubordinatedDebt_65F0C23E1D5B555EA6FD824171456FA1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubordinatedDebt_65F0C23E1D5B555EA6FD824171456FA1" xlink:to="lab_us-gaap_SubordinatedDebt_65F0C23E1D5B555EA6FD824171456FA1" xlink:type="arc"/>
<link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_9A5DAE34AEFA773B3688A7BB77A4F74D_terseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_20D796956C135C088B56E6462DEC70BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt issuance costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:label="loc_us-gaap_UnamortizedDebtIssuanceExpense_20D796956C135C088B56E6462DEC70BB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnamortizedDebtIssuanceExpense_20D796956C135C088B56E6462DEC70BB" xlink:to="lab_us-gaap_UnamortizedDebtIssuanceExpense_20D796956C135C088B56E6462DEC70BB" xlink:type="arc"/>
<link:label id="lab_us-gaap_ReceivablesAbstract_53188997F2E3C600DE05A6761207FEDA_label_en-US" xlink:label="lab_us-gaap_ReceivablesAbstract_5B5A7C8F92E35A38BCB536947C7540DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Receivables [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="loc_us-gaap_ReceivablesAbstract_5B5A7C8F92E35A38BCB536947C7540DD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesAbstract_5B5A7C8F92E35A38BCB536947C7540DD" xlink:to="lab_us-gaap_ReceivablesAbstract_5B5A7C8F92E35A38BCB536947C7540DD" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitment_E8AE10E8C5E0B918F4F2A676120A76F2_totalLabel_en-US" xlink:label="lab_us-gaap_OtherCommitment_FC8C0664F76650A8A61F11C434FA3653" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Available Balance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitment" xlink:label="loc_us-gaap_OtherCommitment_FC8C0664F76650A8A61F11C434FA3653" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitment_FC8C0664F76650A8A61F11C434FA3653" xlink:to="lab_us-gaap_OtherCommitment_FC8C0664F76650A8A61F11C434FA3653" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_CBD0E43D9DEAAE0D1285A676120BB9D7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_4307F008E56652648A67EDF88040F1DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2020 </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_CBD0E43D9DEAAE0D1285A676120BB9D7_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_4307F008E56652648A67EDF88040F1DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Next Twelve Months </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInNextTwelveMonths" xlink:label="loc_us-gaap_OtherCommitmentDueInNextTwelveMonths_4307F008E56652648A67EDF88040F1DD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInNextTwelveMonths_4307F008E56652648A67EDF88040F1DD" xlink:to="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_4307F008E56652648A67EDF88040F1DD" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInSecondYear_92B22A2FFC6CF1905EE0A676120BCFE4_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInSecondYear_D544E7D985495F5CB67E123E13FEF3F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2021 </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInSecondYear_92B22A2FFC6CF1905EE0A676120BCFE4_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInSecondYear_D544E7D985495F5CB67E123E13FEF3F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Second Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInSecondYear" xlink:label="loc_us-gaap_OtherCommitmentDueInSecondYear_D544E7D985495F5CB67E123E13FEF3F2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInSecondYear_D544E7D985495F5CB67E123E13FEF3F2" xlink:to="lab_us-gaap_OtherCommitmentDueInSecondYear_D544E7D985495F5CB67E123E13FEF3F2" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInThirdYear_C67F266B784634A97C8CA676120B52AB_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInThirdYear_0B962B8D52C75D3DA53E30AAD28E0EC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2022 </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInThirdYear_C67F266B784634A97C8CA676120B52AB_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInThirdYear_0B962B8D52C75D3DA53E30AAD28E0EC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Third Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInThirdYear" xlink:label="loc_us-gaap_OtherCommitmentDueInThirdYear_0B962B8D52C75D3DA53E30AAD28E0EC9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInThirdYear_0B962B8D52C75D3DA53E30AAD28E0EC9" xlink:to="lab_us-gaap_OtherCommitmentDueInThirdYear_0B962B8D52C75D3DA53E30AAD28E0EC9" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInFourthYear_4B9B7E23E97A4DCE24B8A676120B8DBD_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInFourthYear_03CCD1D84656599E9E49DA7E3E0F1B85" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2023 </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInFourthYear_4B9B7E23E97A4DCE24B8A676120B8DBD_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInFourthYear_03CCD1D84656599E9E49DA7E3E0F1B85" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Fourth Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInFourthYear" xlink:label="loc_us-gaap_OtherCommitmentDueInFourthYear_03CCD1D84656599E9E49DA7E3E0F1B85" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInFourthYear_03CCD1D84656599E9E49DA7E3E0F1B85" xlink:to="lab_us-gaap_OtherCommitmentDueInFourthYear_03CCD1D84656599E9E49DA7E3E0F1B85" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInFifthYear_D7E350D09F4FD507D634A676120BAFE0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInFifthYear_3CB2FFD57EE35413B50BBCC0DE5B2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2024 </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInFifthYear_D7E350D09F4FD507D634A676120BAFE0_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInFifthYear_3CB2FFD57EE35413B50BBCC0DE5B2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Fifth Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInFifthYear" xlink:label="loc_us-gaap_OtherCommitmentDueInFifthYear_3CB2FFD57EE35413B50BBCC0DE5B2019" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherCommitmentDueAfterFifthYear_1470A5A3AE3A6A41B11CA676120B4BDC_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueAfterFifthYear_FED2D5ED1D3C583EAFC4DA80EF16D9AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Thereafter </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueAfterFifthYear_1470A5A3AE3A6A41B11CA676120B4BDC_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueAfterFifthYear_FED2D5ED1D3C583EAFC4DA80EF16D9AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due after Fifth Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueAfterFifthYear" xlink:label="loc_us-gaap_OtherCommitmentDueAfterFifthYear_FED2D5ED1D3C583EAFC4DA80EF16D9AD" xlink:type="locator"/>
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<link:label id="lab_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage notes </link:label>
<link:label id="lab_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD_label_en-US" xlink:label="lab_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mortgage Receivable [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageReceivablesMember" xlink:label="loc_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD" xlink:to="lab_us-gaap_MortgageReceivablesMember_D3C3CF4F6BBE465DBA308646A2AB5BCD" xlink:type="arc"/>
<link:label id="lab_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174_terseLabel_en-US" xlink:label="lab_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Guaranteed by Rural Utilities Service </link:label>
<link:label id="lab_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174_label_en-US" xlink:label="lab_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Guaranteed by Rural Utilities Service [Member] </link:label>
<link:label id="lab_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174_documentation_en-US" xlink:label="lab_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to loans receivable guaranteed by Rural Utilities Service. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansGuaranteedByRuralUtilitiesServiceMember" xlink:label="loc_nru_LoansGuaranteedByRuralUtilitiesServiceMember_158AAD0721729427961B8646A2AB8174" xlink:type="locator"/>
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<link:label id="lab_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD_terseLabel_en-US" xlink:label="lab_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage notes receivable on deposit </link:label>
<link:label id="lab_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD_label_en-US" xlink:label="lab_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mortgage Receivables on Deposit [Member] </link:label>
<link:label id="lab_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD_documentation_en-US" xlink:label="lab_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to mortgage notes receivable on deposit. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MortgageReceivablesOnDepositMember" xlink:label="loc_nru_MortgageReceivablesOnDepositMember_C0A0C2D0530FDE0852728646A2AC24FD" xlink:type="locator"/>
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<link:label id="lab_nru_DistributionSystemsMember_97F92CBBDC3BFDCF37538646A2AC08B7_verboseLabel_en-US" xlink:label="lab_nru_DistributionSystemsMember_97F92CBBDC3BFDCF37538646A2AC08B7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Distribution system mortgage notes </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DistributionSystemsMember" xlink:label="loc_nru_DistributionSystemsMember_97F92CBBDC3BFDCF37538646A2AC08B7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DistributionSystemsMember_97F92CBBDC3BFDCF37538646A2AC08B7" xlink:to="lab_nru_DistributionSystemsMember_97F92CBBDC3BFDCF37538646A2AC08B7" xlink:type="arc"/>
<link:label id="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12_terseLabel_en-US" xlink:label="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Distribution and power supply system mortgage notes </link:label>
<link:label id="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12_label_en-US" xlink:label="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Distribution and Power Supply System [Member] </link:label>
<link:label id="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12_documentation_en-US" xlink:label="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to distribution and power supply systems. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DistributionAndPowerSupplySystemMember" xlink:label="loc_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12" xlink:to="lab_nru_DistributionAndPowerSupplySystemMember_978CF32D23AF53D870EA8646A2AD9C12" xlink:type="arc"/>
<link:label id="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858_terseLabel_en-US" xlink:label="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral trust bonds 2007 indenture </link:label>
<link:label id="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858_label_en-US" xlink:label="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateral Trust Bonds 2007 Indenture [Member] </link:label>
<link:label id="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858_documentation_en-US" xlink:label="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents collateral trust bonds issued under a 2007 indenture. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CollateralTrustBonds2007IndentureMember" xlink:label="loc_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858" xlink:to="lab_nru_CollateralTrustBonds2007IndentureMember_249E504628208AE59C558646A2AE1858" xlink:type="arc"/>
<link:label id="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847_terseLabel_en-US" xlink:label="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral trust bonds 1994 indenture </link:label>
<link:label id="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847_label_en-US" xlink:label="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateral Trust Bonds 1994 Indenture [Member] </link:label>
<link:label id="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847_documentation_en-US" xlink:label="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents collateral trust bonds issued under a 1994 indenture. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CollateralTrustBonds1994IndentureMember" xlink:label="loc_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847" xlink:to="lab_nru_CollateralTrustBonds1994IndentureMember_70A681FD8FE9052499A18646A2AE5847" xlink:type="arc"/>
<link:label id="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50_terseLabel_en-US" xlink:label="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Clean Renewable Energy Bonds Series 2009A </link:label>
<link:label id="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50_label_en-US" xlink:label="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Clean Renewable Energy Bonds Series 2009 A [Member] </link:label>
<link:label id="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50_documentation_en-US" xlink:label="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to Clean Renewable Energy Bonds Series 2009A. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CleanRenewableEnergyBondsSeries2009AMember" xlink:label="loc_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50" xlink:to="lab_nru_CleanRenewableEnergyBondsSeries2009AMember_4C9ACA12B08C1A0CACE58646A2AE6E50" xlink:type="arc"/>
<link:label id="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8_terseLabel_en-US" xlink:label="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Federal Financing Bank </link:label>
<link:label id="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8_label_en-US" xlink:label="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Federal Financing Bank [Member] </link:label>
<link:label id="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8_documentation_en-US" xlink:label="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to the lender, Federal Financing Bank. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FederalFinancingBankMember" xlink:label="loc_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8" xlink:to="lab_nru_FederalFinancingBankMember_2BD0934454576AE407308646A2AFBFD8" xlink:type="arc"/>
<link:label id="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2_terseLabel_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pledging of Loans and Loans on Deposit </link:label>
<link:label id="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2_label_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Financing Receivables Pledged as Collateral [Line Items] </link:label>
<link:label id="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2_documentation_en-US" xlink:label="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="nru-20191130.xsd#nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems" xlink:label="loc_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2" xlink:to="lab_nru_ScheduleOfFinancingReceivablesPledgedAsCollateralLineItems_B40DA736CFADFBDDFAA28646A2B07CC2" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans outstanding and pledged as collateral </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Collateral for Secured Borrowings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings" xlink:label="loc_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3" xlink:to="lab_us-gaap_LoansAndLeasesReceivableCollateralForSecuredBorrowings_94FBDD66C13C1EA95E5C8646A2B043C3" xlink:type="arc"/>
<link:label id="lab_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Secured Debt </link:label>
<link:label id="lab_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965_label_en-US" xlink:label="lab_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Secured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965" xlink:to="lab_us-gaap_SecuredDebt_EDEF4586E804F2A02A4B8646A2B08965" xlink:type="arc"/>
<link:label id="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA_terseLabel_en-US" xlink:label="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets Pledged as Collateral </link:label>
<link:label id="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA_label_en-US" xlink:label="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets Pledged as Collateral </link:label>
<link:label id="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA_documentation_en-US" xlink:label="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying amount as of the balance sheet date of assets that have been pledged as collateral. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_AssetsPledgedAsCollateral" xlink:label="loc_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA" xlink:to="lab_nru_AssetsPledgedAsCollateral_B8C31ED8D430C5C20FDD8646A2B063AA" xlink:type="arc"/>
<link:label id="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0_terseLabel_en-US" xlink:label="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Receivable Commercial and Industrial </link:label>
<link:label id="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0_label_en-US" xlink:label="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable Commercial and Industrial [Member] </link:label>
<link:label id="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0_documentation_en-US" xlink:label="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to the loans issued to commercial and industrial institutions. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansReceivableCommercialAndIndustrialMember" xlink:label="loc_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0" xlink:to="lab_nru_LoansReceivableCommercialAndIndustrialMember_F175DD0DAF2B8F3831D78646A25D0EB0" xlink:type="arc"/>
<link:label id="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD_terseLabel_en-US" xlink:label="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Guaranteed by Farmer Mac </link:label>
<link:label id="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD_label_en-US" xlink:label="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Guaranteed by Farmer Mac [Member] </link:label>
<link:label id="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD_documentation_en-US" xlink:label="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loans Guaranteed by Farmer Mac </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansGuaranteedbyFarmerMacMember" xlink:label="loc_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD" xlink:to="lab_nru_LoansGuaranteedbyFarmerMacMember_A02FA8FBB72B0E995C4C8646A25E00FD" xlink:type="arc"/>
<link:label id="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39_terseLabel_en-US" xlink:label="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitments to Extend Credit Subject to Material Adverse Change Clause </link:label>
<link:label id="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39_label_en-US" xlink:label="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments to Extend Credit Subject to Material Adverse Change Clause [Member] </link:label>
<link:label id="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39_documentation_en-US" xlink:label="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loan commitments are legally binding commitments to extend credit to a counterparty under certain terms and conditions, including material adverse change clauses. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember" xlink:label="loc_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39" xlink:to="lab_nru_CommitmentsToExtendCreditSubjectToMaterialAdverseChangeClauseMember_0DE30FAF789D991571FA8646A260CE39" xlink:type="arc"/>
<link:label id="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772_terseLabel_en-US" xlink:label="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unadvanced commitments not subject to material adverse change clauses </link:label>
<link:label id="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772_label_en-US" xlink:label="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments to Extend Credit not Subject to Material Adverse Change Clause [Member] </link:label>
<link:label id="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772_documentation_en-US" xlink:label="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loan commitments are legally binding commitments to extend credit to a counterparty under certain terms and conditions, other than material adverse change clauses. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember" xlink:label="loc_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772" xlink:to="lab_nru_CommitmentsToExtendCreditNotSubjectToMaterialAdverseChangeClauseMember_29BD700DBC5107ACF6EA8646A25FD772" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalCreditAssessmentAxis_5D635E6273F3ACEA5CF48646A260F570_terseLabel_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentAxis_5D635E6273F3ACEA5CF48646A260F570" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="loc_us-gaap_InternalCreditAssessmentAxis_5D635E6273F3ACEA5CF48646A260F570" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalCreditAssessmentAxis_5D635E6273F3ACEA5CF48646A260F570" xlink:to="lab_us-gaap_InternalCreditAssessmentAxis_5D635E6273F3ACEA5CF48646A260F570" xlink:type="arc"/>
<link:label id="lab_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5_terseLabel_en-US" xlink:label="lab_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nonperforming TDR loans </link:label>
<link:label id="lab_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5_label_en-US" xlink:label="lab_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonperforming Troubled Debt Restructuring loans [Member] </link:label>
<link:label id="lab_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5_documentation_en-US" xlink:label="lab_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Nonperforming Troubled Debt Restructuring loans [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_NonperformingTroubledDebtRestructuringloansMember" xlink:label="loc_nru_NonperformingTroubledDebtRestructuringloansMember_635E4DD504B038AFD3AA8646A261A1C5" xlink:type="locator"/>
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<link:label id="lab_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731_terseLabel_en-US" xlink:label="lab_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Performing line of credit for Troubled Debt Restructuring Borrower [Member] </link:label>
<link:label id="lab_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731_label_en-US" xlink:label="lab_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Performing Line of Credit for Troubled Debt Restructuring Borrower [Member] </link:label>
<link:label id="lab_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731_documentation_en-US" xlink:label="lab_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Performing line of credit for Troubled Debt Restructuring Borrower [Member] [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember" xlink:label="loc_nru_PerformingLineofCreditforTroubledDebtRestructuringBorrowerMember_15665BB02AAFCCD0C2468646A2618731" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NonperformingFinancingReceivableMember_2DED46B74E50B0A068118646A2612EBA_terseLabel_en-US" xlink:label="lab_us-gaap_NonperformingFinancingReceivableMember_2DED46B74E50B0A068118646A2612EBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nonperforming Financial Instruments </link:label>
<link:label id="lab_us-gaap_NonperformingFinancingReceivableMember_2DED46B74E50B0A068118646A2612EBA_label_en-US" xlink:label="lab_us-gaap_NonperformingFinancingReceivableMember_2DED46B74E50B0A068118646A2612EBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonperforming Financial Instruments [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonperformingFinancingReceivableMember" xlink:label="loc_us-gaap_NonperformingFinancingReceivableMember_2DED46B74E50B0A068118646A2612EBA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ConcentrationRiskByTypeAxis_A881EB419678CFB0B4B88646A2622FD6_terseLabel_en-US" xlink:label="lab_us-gaap_ConcentrationRiskByTypeAxis_A881EB419678CFB0B4B88646A2622FD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Axis] </link:label>
<link:label id="lab_us-gaap_ConcentrationRiskByTypeAxis_A881EB419678CFB0B4B88646A2622FD6_label_en-US" xlink:label="lab_us-gaap_ConcentrationRiskByTypeAxis_A881EB419678CFB0B4B88646A2622FD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="loc_us-gaap_ConcentrationRiskByTypeAxis_A881EB419678CFB0B4B88646A2622FD6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ConcentrationRiskTypeDomain_3DD8E0929F9C383C267C8646A262B0D0_terseLabel_en-US" xlink:label="lab_us-gaap_ConcentrationRiskTypeDomain_3DD8E0929F9C383C267C8646A262B0D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Domain] </link:label>
<link:label id="lab_us-gaap_ConcentrationRiskTypeDomain_3DD8E0929F9C383C267C8646A262B0D0_label_en-US" xlink:label="lab_us-gaap_ConcentrationRiskTypeDomain_3DD8E0929F9C383C267C8646A262B0D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="loc_us-gaap_ConcentrationRiskTypeDomain_3DD8E0929F9C383C267C8646A262B0D0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CreditConcentrationRiskMember_76D7A9BD354334A257598646A262A4B4_terseLabel_en-US" xlink:label="lab_us-gaap_CreditConcentrationRiskMember_76D7A9BD354334A257598646A262A4B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Concentration Risk </link:label>
<link:label id="lab_us-gaap_CreditConcentrationRiskMember_76D7A9BD354334A257598646A262A4B4_label_en-US" xlink:label="lab_us-gaap_CreditConcentrationRiskMember_76D7A9BD354334A257598646A262A4B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Concentration Risk [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditConcentrationRiskMember" xlink:label="loc_us-gaap_CreditConcentrationRiskMember_76D7A9BD354334A257598646A262A4B4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer Concentration Risk </link:label>
<link:label id="lab_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2_label_en-US" xlink:label="lab_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Customer Concentration Risk [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CustomerConcentrationRiskMember" xlink:label="loc_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2" xlink:to="lab_us-gaap_CustomerConcentrationRiskMember_9C71B8DF5467536565AD8646A26312A2" xlink:type="arc"/>
<link:label id="lab_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066_terseLabel_en-US" xlink:label="lab_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Geographic Concentration Risk </link:label>
<link:label id="lab_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066_label_en-US" xlink:label="lab_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Geographic Concentration Risk [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeographicConcentrationRiskMember" xlink:label="loc_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066" xlink:to="lab_us-gaap_GeographicConcentrationRiskMember_04E9FCB09A12E9F6E6368646A2638066" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6_terseLabel_en-US" xlink:label="lab_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Product Concentration Risk </link:label>
<link:label id="lab_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6_label_en-US" xlink:label="lab_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Product Concentration Risk [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProductConcentrationRiskMember" xlink:label="loc_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6" xlink:to="lab_us-gaap_ProductConcentrationRiskMember_7B4BFA965BD6B3602D488646A263AFF6" xlink:type="arc"/>
<link:label id="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15_terseLabel_en-US" xlink:label="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Associates </link:label>
<link:label id="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15_label_en-US" xlink:label="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Associates [Member] </link:label>
<link:label id="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15_documentation_en-US" xlink:label="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents information pertaining to associates memberships. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_AssociatesMember" xlink:label="loc_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15" xlink:to="lab_nru_AssociatesMember_1BF03754164996C0A25D8646A2649F15" xlink:type="arc"/>
<link:label id="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE_terseLabel_en-US" xlink:label="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of Credit to Provide Bridge Funding </link:label>
<link:label id="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE_label_en-US" xlink:label="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit to Provide Bridge Funding [Member] </link:label>
<link:label id="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE_documentation_en-US" xlink:label="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Line of Credit to Provide Bridge Funding [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LineofCredittoProvideBridgeFundingMember" xlink:label="loc_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE" xlink:to="lab_nru_LineofCredittoProvideBridgeFundingMember_522146E988643CB3B5B78646A264C0EE" xlink:type="arc"/>
<link:label id="lab_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB_terseLabel_en-US" xlink:label="lab_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of Credit Restricted for Fuel Purchases </link:label>
<link:label id="lab_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB_label_en-US" xlink:label="lab_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Restricted for Fuel Purchases [Member] </link:label>
<link:label id="lab_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB_documentation_en-US" xlink:label="lab_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Line of Credit Restricted for Fuel Purchases [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LineofCreditRestrictedforFuelPurchasesMember" xlink:label="loc_nru_LineofCreditRestrictedforFuelPurchasesMember_CC9F2C3E48C444F232548646A265B4AB" xlink:type="locator"/>
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<link:label id="lab_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9_terseLabel_en-US" xlink:label="lab_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Line of Credit Commitments as percentage of unadvanced loan commitment </link:label>
<link:label id="lab_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9_label_en-US" xlink:label="lab_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unadvanced Line of Credit Commitments as Percentage of unadvanced loan commitments </link:label>
<link:label id="lab_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9_documentation_en-US" xlink:label="lab_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unadvanced Line of Credit Commitments as Percentage of unadvanced Loan commitments </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments" xlink:label="loc_nru_UnadvancedLineofCreditCommitmentsasPercentageofunadvancedloancommitments_5CE3D7E18CB19FAD58508646A26545B9" xlink:type="locator"/>
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<link:label id="lab_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969_terseLabel_en-US" xlink:label="lab_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Loan commitments as percentage of unadvanced loan commitment </link:label>
<link:label id="lab_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969_label_en-US" xlink:label="lab_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unadvanced Long-term Loans Commitments as Percentage of unadvanced loan commitments </link:label>
<link:label id="lab_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969_documentation_en-US" xlink:label="lab_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unadvanced Long-term Loans Commitments Percentage of unadvanced loan commitments </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments" xlink:label="loc_nru_UnadvancedLongtermLoansCommitmentsasPercentageofunadvancedloancommitments_B8DF9725B2CE306229988646A2655969" xlink:type="locator"/>
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<link:label id="lab_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED_terseLabel_en-US" xlink:label="lab_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Receivable Cost of Loans Sold </link:label>
<link:label id="lab_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED_label_en-US" xlink:label="lab_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable Cost of Loans Sold </link:label>
<link:label id="lab_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED_documentation_en-US" xlink:label="lab_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The carrying amount of loans that were sold during the reporting period. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansReceivableCostOfLoansSold" xlink:label="loc_nru_LoansReceivableCostOfLoansSold_0EE953E7E23CBFE7E2EA8646A266BDED" xlink:type="locator"/>
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<link:label id="lab_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6_terseLabel_en-US" xlink:label="lab_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of Borrowers </link:label>
<link:label id="lab_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6_label_en-US" xlink:label="lab_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of Active Borrowers </link:label>
<link:label id="lab_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6_documentation_en-US" xlink:label="lab_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of Active Borrowers </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_NumberofActiveBorrowers" xlink:label="loc_nru_NumberofActiveBorrowers_BADA241872B4677025408646A26623C6" xlink:type="locator"/>
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<link:label id="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA_terseLabel_en-US" xlink:label="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of States in which Electric and Telecommunications Borrowers are Located </link:label>
<link:label id="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA_label_en-US" xlink:label="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of States with Active Borrowers </link:label>
<link:label id="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA_documentation_en-US" xlink:label="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of States with Active Borrowers </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_NumberofStateswithActiveBorrowers" xlink:label="loc_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA" xlink:to="lab_nru_NumberofStateswithActiveBorrowers_45BCEBD2E1CFA59E0A0A8646A26684CA" xlink:type="arc"/>
<link:label id="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6_terseLabel_en-US" xlink:label="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Concentration Risk Number of Borrowers </link:label>
<link:label id="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6_label_en-US" xlink:label="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Concentration Risk Number of Borrowers </link:label>
<link:label id="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6_documentation_en-US" xlink:label="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the number of borrowers that account for the concentration risk. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ConcentrationRiskNumberOfBorrowers" xlink:label="loc_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6" xlink:to="lab_nru_ConcentrationRiskNumberOfBorrowers_BAFF73568CE9B98988D58646A267AED6" xlink:type="arc"/>
<link:label id="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591_terseLabel_en-US" xlink:label="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of Borrowers With TDR Loans </link:label>
<link:label id="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591_label_en-US" xlink:label="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of Borrowers With TDR Loans </link:label>
<link:label id="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591_documentation_en-US" xlink:label="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of Borrowers With TDR Loans </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_NumberofBorrowersWithTDRLoans" xlink:label="loc_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591" xlink:to="lab_nru_NumberofBorrowersWithTDRLoans_7BF18FE6B19127D042568646A267F591" xlink:type="arc"/>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, with Related Allowance, Recorded Investment </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, with Related Allowance, Recorded Investment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment" xlink:label="loc_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B" xlink:to="lab_us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_6E9A445E98D3595FDA3C8646A267906B" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_3ECA14BA28C39A0ABBAA8646A2677BAA_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_3ECA14BA28C39A0ABBAA8646A2677BAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableModificationsRecordedInvestment" xlink:label="loc_us-gaap_FinancingReceivableModificationsRecordedInvestment_3ECA14BA28C39A0ABBAA8646A2677BAA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableModificationsRecordedInvestment_3ECA14BA28C39A0ABBAA8646A2677BAA" xlink:to="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_3ECA14BA28C39A0ABBAA8646A2677BAA" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans" xlink:label="loc_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5" xlink:to="lab_us-gaap_LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans_050B324063E185E0D9578646A26766F5" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring, Subsequent Default </link:label>
<link:label id="lab_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring, Subsequent Default </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1" xlink:label="loc_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417" xlink:to="lab_us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_C3E934D14BC8B05F7AA28646A2677417" xlink:type="arc"/>
<link:label id="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounts Receivable, Allowance for Credit Loss, Writeoff </link:label>
<link:label id="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370_label_en-US" xlink:label="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts Receivable, Allowance for Credit Loss, Writeoff </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370" xlink:to="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_D72737B613E1D78872058646A268F370" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_24520A19CED0DDA922B1A7BB7806EACD_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_3929E0864A505D06BEDECC657C022B10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Line Items] </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_24520A19CED0DDA922B1A7BB7806EACD_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_3929E0864A505D06BEDECC657C022B10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_3929E0864A505D06BEDECC657C022B10" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_3929E0864A505D06BEDECC657C022B10" xlink:to="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_3929E0864A505D06BEDECC657C022B10" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableOtherInformationAbstract_AC57C980753E3C3D8F0DA7BB7806E495_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableOtherInformationAbstract_C853FCF09B7156E1AB460A98DCDD5FE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ending balance of the allowance: </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableOtherInformationAbstract_AC57C980753E3C3D8F0DA7BB7806E495_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableOtherInformationAbstract_C853FCF09B7156E1AB460A98DCDD5FE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Other Information [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableOtherInformationAbstract" xlink:label="loc_us-gaap_LoansAndLeasesReceivableOtherInformationAbstract_C853FCF09B7156E1AB460A98DCDD5FE5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_693C5F138FCB90F52132A7BB7807B1AE_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_535A98CE44F25B0983D1FE2582C52477" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collectively evaluated loans </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_693C5F138FCB90F52132A7BB7807B1AE_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_535A98CE44F25B0983D1FE2582C52477" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_535A98CE44F25B0983D1FE2582C52477" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_726507E75D4F9BA13097A7BB7807B2E2_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_E6D15109C1BE544E84F8CB8E376076B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Specific allowance </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_726507E75D4F9BA13097A7BB7807B2E2_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_E6D15109C1BE544E84F8CB8E376076B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_E6D15109C1BE544E84F8CB8E376076B4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_2F2A4847A32856ECB201A7BB78079B7A_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_249DAA421CA356859226BB7F4E284786" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total ending balance of the allowance </link:label>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_0F82570752BDE834CF8CA7BB780871F6_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_A0920F1E59565CE29611CD06ACB5F844" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recorded investment in loans: </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_0F82570752BDE834CF8CA7BB780871F6_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_A0920F1E59565CE29611CD06ACB5F844" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net Amount [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract" xlink:label="loc_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_A0920F1E59565CE29611CD06ACB5F844" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment_7A681FF184A8D17BF90DA7BB7808CB9E_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment_42241489960A54919B8CCAED3124B4BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Collectively Evaluated for Impairment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment" xlink:label="loc_us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment_42241489960A54919B8CCAED3124B4BD" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_BC92102EA7A235ABBD4FA7BB780804F1_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_3AD53C684D6B5704BE3F618F36D91A62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Individually evaluated loans </link:label>
<link:label id="lab_us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_BC92102EA7A235ABBD4FA7BB780804F1_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_3AD53C684D6B5704BE3F618F36D91A62" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Individually Evaluated for Impairment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment" xlink:label="loc_us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_3AD53C684D6B5704BE3F618F36D91A62" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_4829D28257BA3C892AE6A7BB78081A61_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_BCBB19A52CA7592189FAD20975BD869D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net Amount </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_4829D28257BA3C892AE6A7BB78081A61_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_BCBB19A52CA7592189FAD20975BD869D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableNetReportedAmount_BCBB19A52CA7592189FAD20975BD869D" xlink:type="locator"/>
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<link:label id="lab_nru_AllowanceCoverageRatio_18CDBA51000779F531B1A7BB78096CEB_terseLabel_en-US" xlink:label="lab_nru_AllowanceCoverageRatio_E1BA35B50F465DCD85F2F7406354F7D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Allowance Coverage Ratio </link:label>
<link:label id="lab_nru_AllowanceCoverageRatio_18CDBA51000779F531B1A7BB78096CEB_label_en-US" xlink:label="lab_nru_AllowanceCoverageRatio_E1BA35B50F465DCD85F2F7406354F7D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Allowance Coverage Ratio </link:label>
<link:label id="lab_nru_AllowanceCoverageRatio_18CDBA51000779F531B1A7BB78096CEB_documentation_en-US" xlink:label="lab_nru_AllowanceCoverageRatio_E1BA35B50F465DCD85F2F7406354F7D3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Allowance Coverage Ratio </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_AllowanceCoverageRatio" xlink:label="loc_nru_AllowanceCoverageRatio_E1BA35B50F465DCD85F2F7406354F7D3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_AllowanceCoverageRatio_E1BA35B50F465DCD85F2F7406354F7D3" xlink:to="lab_nru_AllowanceCoverageRatio_E1BA35B50F465DCD85F2F7406354F7D3" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_50053254E26F6B7ECE981EEF682207E7_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_9D4C34650C6B521CA3823CEA276BEF4D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity Disclosure </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_50053254E26F6B7ECE981EEF682207E7_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_9D4C34650C6B521CA3823CEA276BEF4D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_9D4C34650C6B521CA3823CEA276BEF4D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_A45C9270408DEC74FD951EEF69FA24BF_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_3489DD4E27455BB798564875C3D16E8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of long-term debt outstanding </link:label>
<link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_A45C9270408DEC74FD951EEF69FA24BF_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_3489DD4E27455BB798564875C3D16E8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Long-term Debt Instruments [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_3489DD4E27455BB798564875C3D16E8B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_A9EBB28ACCFA56AC9B4C1EEF6A668A46_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_415CE11CAB9A5858B300F997B88F0E71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Short-term Debt </link:label>
<link:label id="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_A9EBB28ACCFA56AC9B4C1EEF6A668A46_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_415CE11CAB9A5858B300F997B88F0E71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Short-term Debt [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_415CE11CAB9A5858B300F997B88F0E71" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_21B4896BF0A20453B2071EEF6A668947_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_2DD3619937145091A86FC11483466D2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Line of Credit Facilities </link:label>
<link:label id="lab_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_21B4896BF0A20453B2071EEF6A668947_label_en-US" xlink:label="lab_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_2DD3619937145091A86FC11483466D2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Line of Credit Facilities [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_2DD3619937145091A86FC11483466D2F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_CB3CB6DB7FC46049933680740EFCABE4_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_CB3CB6DB7FC46049933680740EFCABE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Comprehensive Income [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_CB3CB6DB7FC46049933680740EFCABE4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_AE8232024A4A614138D080740EFD552C_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_AE8232024A4A614138D080740EFD552C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income (loss): </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_AE8232024A4A614138D080740EFD552C_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_AE8232024A4A614138D080740EFD552C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Net of Tax [Abstract] </link:label>
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<link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_4888F0C4C36B24AED08AA790E3995118_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_A7352A4BA9DE5826AA64F01B57FE2B8D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measurement Basis [Axis] </link:label>
<link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_4888F0C4C36B24AED08AA790E3995118_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_A7352A4BA9DE5826AA64F01B57FE2B8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Basis [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_A7352A4BA9DE5826AA64F01B57FE2B8D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_A7352A4BA9DE5826AA64F01B57FE2B8D" xlink:to="lab_us-gaap_FairValueByMeasurementBasisAxis_A7352A4BA9DE5826AA64F01B57FE2B8D" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_398A1F5290961731471EA790E39AFE75_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_D6B0D3535D915418A1F846F416707150" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement [Domain] </link:label>
<link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_398A1F5290961731471EA790E39AFE75_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_D6B0D3535D915418A1F846F416707150" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_D6B0D3535D915418A1F846F416707150" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_D6B0D3535D915418A1F846F416707150" xlink:to="lab_us-gaap_FairValueDisclosureItemAmountsDomain_D6B0D3535D915418A1F846F416707150" xlink:type="arc"/>
<link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_E54E72044B8FF2FBED1AA790E39A05DF_terseLabel_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_DECFBEE5EBAD59B999D1FDDA8986615F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Portion at Fair Value Measurement </link:label>
<link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_E54E72044B8FF2FBED1AA790E39A05DF_label_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_DECFBEE5EBAD59B999D1FDDA8986615F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Portion at Fair Value Measurement [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_DECFBEE5EBAD59B999D1FDDA8986615F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_DECFBEE5EBAD59B999D1FDDA8986615F" xlink:to="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_DECFBEE5EBAD59B999D1FDDA8986615F" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueInputsLevel3Member_AD3B0F82FAAE88448093A790E39B854B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_9A22D30EE52652658D5041B2E6884074" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 3 </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel3Member_AD3B0F82FAAE88448093A790E39B854B_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_9A22D30EE52652658D5041B2E6884074" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 3 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_9A22D30EE52652658D5041B2E6884074" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel3Member_9A22D30EE52652658D5041B2E6884074" xlink:to="lab_us-gaap_FairValueInputsLevel3Member_9A22D30EE52652658D5041B2E6884074" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_60C40AA460EF99F1A4BAA790E39C8C09_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8185406BA95E58378E38F97E6BB558F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, Fair Value Disclosure </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_60C40AA460EF99F1A4BAA790E39C8C09_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8185406BA95E58378E38F97E6BB558F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8185406BA95E58378E38F97E6BB558F4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8185406BA95E58378E38F97E6BB558F4" xlink:to="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8185406BA95E58378E38F97E6BB558F4" xlink:type="arc"/>
<link:label id="lab_us-gaap_HeldToMaturitySecurities_E977EA7AC99195DD3BDDA790E39D0EBD_verboseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecurities_78171B0FC3AF5B61B1277F2698F792CB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="loc_us-gaap_HeldToMaturitySecurities_78171B0FC3AF5B61B1277F2698F792CB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecurities_78171B0FC3AF5B61B1277F2698F792CB" xlink:to="lab_us-gaap_HeldToMaturitySecurities_78171B0FC3AF5B61B1277F2698F792CB" xlink:type="arc"/>
<link:label id="lab_nru_LoansAndLeasesReceivableCommercialNetOfAllowance_49FEFC6020C8AA031B64A790E39DFE33_terseLabel_en-US" xlink:label="lab_nru_LoansAndLeasesReceivableCommercialNetOfAllowance_E6BB733C3AC35E2F8AE9F4AF91539824" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable Commercial, Net of Allowance </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansAndLeasesReceivableCommercialNetOfAllowance" xlink:label="loc_nru_LoansAndLeasesReceivableCommercialNetOfAllowance_E6BB733C3AC35E2F8AE9F4AF91539824" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LoansAndLeasesReceivableCommercialNetOfAllowance_E6BB733C3AC35E2F8AE9F4AF91539824" xlink:to="lab_nru_LoansAndLeasesReceivableCommercialNetOfAllowance_E6BB733C3AC35E2F8AE9F4AF91539824" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_778582C4F94BDF3415E8A790E39D9DF9_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_4D18736E20B75D82A6E226216AF5DF2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Receivable, Fair Value Disclosure </link:label>
<link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_778582C4F94BDF3415E8A790E39D9DF9_label_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_4D18736E20B75D82A6E226216AF5DF2B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_4D18736E20B75D82A6E226216AF5DF2B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableFairValueDisclosure_4D18736E20B75D82A6E226216AF5DF2B" xlink:to="lab_us-gaap_LoansReceivableFairValueDisclosure_4D18736E20B75D82A6E226216AF5DF2B" xlink:type="arc"/>
<link:label id="lab_nru_DebtServiceReserve_F81216C1888BAAF37049A790E39EE024_terseLabel_en-US" xlink:label="lab_nru_DebtServiceReserve_09F0F4DA9B3A50D9B25E208225202A64" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt service reserve restricted funds </link:label>
<link:label id="lab_nru_DebtServiceReserve_F81216C1888BAAF37049A790E39EE024_label_en-US" xlink:label="lab_nru_DebtServiceReserve_09F0F4DA9B3A50D9B25E208225202A64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Service Reserve </link:label>
<link:label id="lab_nru_DebtServiceReserve_F81216C1888BAAF37049A790E39EE024_documentation_en-US" xlink:label="lab_nru_DebtServiceReserve_09F0F4DA9B3A50D9B25E208225202A64" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The carrying amount of cash reserves set aside by a borrower, either by internal policy or lender covenant, to repay debt in the event that cash generated by operations is insufficient. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_DebtServiceReserve" xlink:label="loc_nru_DebtServiceReserve_09F0F4DA9B3A50D9B25E208225202A64" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_DebtServiceReserve_09F0F4DA9B3A50D9B25E208225202A64" xlink:to="lab_nru_DebtServiceReserve_09F0F4DA9B3A50D9B25E208225202A64" xlink:type="arc"/>
<link:label id="lab_us-gaap_ShorttermDebtFairValue_6F9B59626094CF731D6EA790E39E6ACC_terseLabel_en-US" xlink:label="lab_us-gaap_ShorttermDebtFairValue_D007504A800353E48EE2BF7E5A2E6E35" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Short-term Debt, Fair Value </link:label>
<link:label id="lab_us-gaap_ShorttermDebtFairValue_6F9B59626094CF731D6EA790E39E6ACC_label_en-US" xlink:label="lab_us-gaap_ShorttermDebtFairValue_D007504A800353E48EE2BF7E5A2E6E35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term Debt, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShorttermDebtFairValue" xlink:label="loc_us-gaap_ShorttermDebtFairValue_D007504A800353E48EE2BF7E5A2E6E35" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShorttermDebtFairValue_D007504A800353E48EE2BF7E5A2E6E35" xlink:to="lab_us-gaap_ShorttermDebtFairValue_D007504A800353E48EE2BF7E5A2E6E35" xlink:type="arc"/>
<link:label id="lab_us-gaap_LongTermDebtFairValue_69538D9A61CD9390445FA790E39FE9C3_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_0B36E84DA2805636B52026DCB577A71D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Fair Value </link:label>
<link:label id="lab_us-gaap_LongTermDebtFairValue_69538D9A61CD9390445FA790E39FE9C3_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_0B36E84DA2805636B52026DCB577A71D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_0B36E84DA2805636B52026DCB577A71D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtFairValue_0B36E84DA2805636B52026DCB577A71D" xlink:to="lab_us-gaap_LongTermDebtFairValue_0B36E84DA2805636B52026DCB577A71D" xlink:type="arc"/>
<link:label id="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_203A3313AF2B04468471A790E39FF72F_terseLabel_en-US" xlink:label="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_12516012DDC5585E861E6DCAF6BA1C60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guaranty Liabilities Contingent and Noncontingent </link:label>
<link:label id="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_203A3313AF2B04468471A790E39FF72F_label_en-US" xlink:label="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_12516012DDC5585E861E6DCAF6BA1C60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guaranty Liabilities Contingent and Noncontingent </link:label>
<link:label id="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_203A3313AF2B04468471A790E39FF72F_documentation_en-US" xlink:label="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_12516012DDC5585E861E6DCAF6BA1C60" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> This item represents the liability for the fair value of an obligation to stand ready to perform over the term of a guaranty issued in the event that specified triggering events or conditions occur. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_GuarantyLiabilitiesContingentAndNoncontingent" xlink:label="loc_nru_GuarantyLiabilitiesContingentAndNoncontingent_12516012DDC5585E861E6DCAF6BA1C60" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_GuarantyLiabilitiesContingentAndNoncontingent_12516012DDC5585E861E6DCAF6BA1C60" xlink:to="lab_nru_GuarantyLiabilitiesContingentAndNoncontingent_12516012DDC5585E861E6DCAF6BA1C60" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteesFairValueDisclosure_84166E93BCF0BD59A719A790E39F823C_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteesFairValueDisclosure_91EC0AE1AC2756219242BC58E6C112E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantees, Fair Value Disclosure </link:label>
<link:label id="lab_us-gaap_GuaranteesFairValueDisclosure_84166E93BCF0BD59A719A790E39F823C_label_en-US" xlink:label="lab_us-gaap_GuaranteesFairValueDisclosure_91EC0AE1AC2756219242BC58E6C112E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantees, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteesFairValueDisclosure" xlink:label="loc_us-gaap_GuaranteesFairValueDisclosure_91EC0AE1AC2756219242BC58E6C112E3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_3CE4F0DC92CBAED8DCC8A790E3A02BA6_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_D101DF4EB8CA54219384DDD0A2BCD266" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Subordinated Debt Obligations, Fair Value Disclosure </link:label>
<link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_3CE4F0DC92CBAED8DCC8A790E3A02BA6_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_D101DF4EB8CA54219384DDD0A2BCD266" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Subordinated Debt Obligations, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_D101DF4EB8CA54219384DDD0A2BCD266" xlink:type="locator"/>
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<link:label id="lab_nru_MembersSubordinatedCertificates_672F35C09EFF6D8163F6A790E3A0EC5F_terseLabel_en-US" xlink:label="lab_nru_MembersSubordinatedCertificates_5905CA0A81E15CF0B4078C11C4DA2B47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Members Subordinated Certificates </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MembersSubordinatedCertificates" xlink:label="loc_nru_MembersSubordinatedCertificates_5905CA0A81E15CF0B4078C11C4DA2B47" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MembersSubordinatedCertificates_5905CA0A81E15CF0B4078C11C4DA2B47" xlink:to="lab_nru_MembersSubordinatedCertificates_5905CA0A81E15CF0B4078C11C4DA2B47" xlink:type="arc"/>
<link:label id="lab_nru_MembersSubordinatedCertificatesAtFairValue_E26C35ECC598C9F1FFCEA790E3A0D70C_terseLabel_en-US" xlink:label="lab_nru_MembersSubordinatedCertificatesAtFairValue_78200B0A3AD95A3EB3D5AC58619FF701" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Members Subordinated Certificates, At Fair Value </link:label>
<link:label id="lab_nru_MembersSubordinatedCertificatesAtFairValue_E26C35ECC598C9F1FFCEA790E3A0D70C_label_en-US" xlink:label="lab_nru_MembersSubordinatedCertificatesAtFairValue_78200B0A3AD95A3EB3D5AC58619FF701" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Members Subordinated Certificates, At Fair Value </link:label>
<link:label id="lab_nru_MembersSubordinatedCertificatesAtFairValue_E26C35ECC598C9F1FFCEA790E3A0D70C_documentation_en-US" xlink:label="lab_nru_MembersSubordinatedCertificatesAtFairValue_78200B0A3AD95A3EB3D5AC58619FF701" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Members Subordinated Certificates, At Fair Value </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_MembersSubordinatedCertificatesAtFairValue" xlink:label="loc_nru_MembersSubordinatedCertificatesAtFairValue_78200B0A3AD95A3EB3D5AC58619FF701" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_MembersSubordinatedCertificatesAtFairValue_78200B0A3AD95A3EB3D5AC58619FF701" xlink:to="lab_nru_MembersSubordinatedCertificatesAtFairValue_78200B0A3AD95A3EB3D5AC58619FF701" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_A90B7EC4884D16F825CE1EEF6873FCF3_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_DD2D2D9759995DC0897514B380674CE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities </link:label>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_A90B7EC4884D16F825CE1EEF6873FCF3_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_DD2D2D9759995DC0897514B380674CE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_DD2D2D9759995DC0897514B380674CE4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_DD2D2D9759995DC0897514B380674CE4" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_DD2D2D9759995DC0897514B380674CE4" xlink:type="arc"/>
<link:label id="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_DFBAEC5BB143B38D8A0C1EEF6873F6F4_terseLabel_en-US" xlink:label="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_A59A573D4693596D88426550F3F5CF8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities, Credit Commitments </link:label>
<link:label id="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_DFBAEC5BB143B38D8A0C1EEF6873F6F4_label_en-US" xlink:label="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_A59A573D4693596D88426550F3F5CF8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities, Credit Commitments [Table Text Block] </link:label>
<link:label id="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_DFBAEC5BB143B38D8A0C1EEF6873F6F4_documentation_en-US" xlink:label="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_A59A573D4693596D88426550F3F5CF8B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities, Credit Commitments [Table Text Block] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock" xlink:label="loc_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_A59A573D4693596D88426550F3F5CF8B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_A59A573D4693596D88426550F3F5CF8B" xlink:to="lab_nru_ScheduleofVariableInterestEntitiesCreditCommitmentsTableTextBlock_A59A573D4693596D88426550F3F5CF8B" xlink:type="arc"/>
<link:label id="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_69CB97CB28076EFFD2161EF36CF422FD_terseLabel_en-US" xlink:label="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_6ED80A96C99C53A0AE1B535AB2798BF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CFC credit commitments </link:label>
<link:label id="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_69CB97CB28076EFFD2161EF36CF422FD_label_en-US" xlink:label="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_6ED80A96C99C53A0AE1B535AB2798BF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Commitment to Extend Loan Maximum </link:label>
<link:label id="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_69CB97CB28076EFFD2161EF36CF422FD_documentation_en-US" xlink:label="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_6ED80A96C99C53A0AE1B535AB2798BF6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Represents the reporting entity's maximum amount of commitments to extend loan, as a result of its involvement with the variable interest entity. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_VariableInterestEntityCommitmentToExtendLoanMaximum" xlink:label="loc_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_6ED80A96C99C53A0AE1B535AB2798BF6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_6ED80A96C99C53A0AE1B535AB2798BF6" xlink:to="lab_nru_VariableInterestEntityCommitmentToExtendLoanMaximum_6ED80A96C99C53A0AE1B535AB2798BF6" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherBorrowings_09126701736823D0835B1EF36CF49CC0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherBorrowings_ECBFEF779F1455809C97B81ABEE22B09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings payable to CFC </link:label>
<link:label id="lab_us-gaap_OtherBorrowings_09126701736823D0835B1EF36CF49CC0_label_en-US" xlink:label="lab_us-gaap_OtherBorrowings_ECBFEF779F1455809C97B81ABEE22B09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Borrowings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherBorrowings" xlink:label="loc_us-gaap_OtherBorrowings_ECBFEF779F1455809C97B81ABEE22B09" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherBorrowings_ECBFEF779F1455809C97B81ABEE22B09" xlink:to="lab_us-gaap_OtherBorrowings_ECBFEF779F1455809C97B81ABEE22B09" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_46D42ECA3A2E8DE899251EF36CF4A761_verboseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_799F169D3C295DAC88E67E4A876DB490" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> CFC third-party guarantees </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:label="loc_us-gaap_GuaranteeObligationsCurrentCarryingValue_799F169D3C295DAC88E67E4A876DB490" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsCurrentCarryingValue_799F169D3C295DAC88E67E4A876DB490" xlink:to="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_799F169D3C295DAC88E67E4A876DB490" xlink:type="arc"/>
<link:label id="lab_nru_VariableInterestEntityOthercreditenhancements_58C3F32E792E5A6788C31EF36CF4EBD3_terseLabel_en-US" xlink:label="lab_nru_VariableInterestEntityOthercreditenhancements_060D130526CB55C890E5FB073D718AD5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other credit enhancements </link:label>
<link:label id="lab_nru_VariableInterestEntityOthercreditenhancements_58C3F32E792E5A6788C31EF36CF4EBD3_label_en-US" xlink:label="lab_nru_VariableInterestEntityOthercreditenhancements_060D130526CB55C890E5FB073D718AD5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Other credit enhancements </link:label>
<link:label id="lab_nru_VariableInterestEntityOthercreditenhancements_58C3F32E792E5A6788C31EF36CF4EBD3_documentation_en-US" xlink:label="lab_nru_VariableInterestEntityOthercreditenhancements_060D130526CB55C890E5FB073D718AD5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Other credit enhancements </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_VariableInterestEntityOthercreditenhancements" xlink:label="loc_nru_VariableInterestEntityOthercreditenhancements_060D130526CB55C890E5FB073D718AD5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_VariableInterestEntityOthercreditenhancements_060D130526CB55C890E5FB073D718AD5" xlink:to="lab_nru_VariableInterestEntityOthercreditenhancements_060D130526CB55C890E5FB073D718AD5" xlink:type="arc"/>
<link:label id="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_8C5CA7A5499711F7E2A61EF36CF5D77F_totalLabel_en-US" xlink:label="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_EE78C70689335FBFAECC904D99AC449C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total credit enhancements </link:label>
<link:label id="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_8C5CA7A5499711F7E2A61EF36CF5D77F_label_en-US" xlink:label="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_EE78C70689335FBFAECC904D99AC449C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Consolidated Carrying Amount Obligations Guaranteed by Primary Beneficiary </link:label>
<link:label id="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_8C5CA7A5499711F7E2A61EF36CF5D77F_documentation_en-US" xlink:label="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_EE78C70689335FBFAECC904D99AC449C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The carrying amount of the consolidated Variable Interest Entity's obligations which are guaranteed by the primary beneficiary. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary" xlink:label="loc_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_EE78C70689335FBFAECC904D99AC449C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_EE78C70689335FBFAECC904D99AC449C" xlink:to="lab_nru_VariableInterestEntityConsolidatedCarryingAmountObligationsGuaranteedByPrimaryBeneficiary_EE78C70689335FBFAECC904D99AC449C" xlink:type="arc"/>
<link:label id="lab_nru_VariableInterestEntityTotaloutstandingcommitments_79C91230301F29568F981EF36CF52B44_totalLabel_en-US" xlink:label="lab_nru_VariableInterestEntityTotaloutstandingcommitments_03EDD8F96BE65B8FB7E8F43452B7B03A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> CFC available credit commitments </link:label>
<link:label id="lab_nru_VariableInterestEntityTotaloutstandingcommitments_79C91230301F29568F981EF36CF52B44_label_en-US" xlink:label="lab_nru_VariableInterestEntityTotaloutstandingcommitments_03EDD8F96BE65B8FB7E8F43452B7B03A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Total outstanding commitments </link:label>
<link:label id="lab_nru_VariableInterestEntityTotaloutstandingcommitments_79C91230301F29568F981EF36CF52B44_documentation_en-US" xlink:label="lab_nru_VariableInterestEntityTotaloutstandingcommitments_03EDD8F96BE65B8FB7E8F43452B7B03A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Total outstanding commitments </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_VariableInterestEntityTotaloutstandingcommitments" xlink:label="loc_nru_VariableInterestEntityTotaloutstandingcommitments_03EDD8F96BE65B8FB7E8F43452B7B03A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_VariableInterestEntityTotaloutstandingcommitments_03EDD8F96BE65B8FB7E8F43452B7B03A" xlink:to="lab_nru_VariableInterestEntityTotaloutstandingcommitments_03EDD8F96BE65B8FB7E8F43452B7B03A" xlink:type="arc"/>
<link:label id="lab_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_23ECD318525EAA34C5921EF36CF53DED_totalLabel_en-US" xlink:label="lab_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_959E022514A351E68A6958187102E4D7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> CFC available credit commitments </link:label>
<link:label id="lab_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_23ECD318525EAA34C5921EF36CF53DED_label_en-US" xlink:label="lab_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_959E022514A351E68A6958187102E4D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Commitment to Extend Loan Available Amount </link:label>
<link:label id="lab_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_23ECD318525EAA34C5921EF36CF53DED_documentation_en-US" xlink:label="lab_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_959E022514A351E68A6958187102E4D7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Commitment to Extend Loan Available Amount </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount" xlink:label="loc_nru_VariableInterestEntityCommitmenttoExtendLoanAvailableAmount_959E022514A351E68A6958187102E4D7" xlink:type="locator"/>
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<link:label id="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE_terseLabel_en-US" xlink:label="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit reserve for unadvanced loan commitments </link:label>
<link:label id="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE_label_en-US" xlink:label="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Reserve for Unadvanced Loan Commitments </link:label>
<link:label id="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE_documentation_en-US" xlink:label="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Reserve for Unadvanced Loan Commitments </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_CreditReserveforUnadvancedLoanCommitments" xlink:label="loc_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE" xlink:to="lab_nru_CreditReserveforUnadvancedLoanCommitments_7A9FD9D9DCA84770DF009155D61FBEAE" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B667A640F22ED7408DBA1EEF68789B3E_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_46270EE2F8B25B318848DB774E85A0F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of segment presentation for the consolidated statements of operations and consolidated balance sheets </link:label>
<link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B667A640F22ED7408DBA1EEF68789B3E_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_46270EE2F8B25B318848DB774E85A0F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Segment Reporting Information, by Segment [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_46270EE2F8B25B318848DB774E85A0F0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_46270EE2F8B25B318848DB774E85A0F0" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_46270EE2F8B25B318848DB774E85A0F0" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_74F272E41AA69F0870A1A67611F0F0C5_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_FCFA70FE61DE5EEF95071C2EB2AC0D21" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Unadvanced Loan Commitments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_FCFA70FE61DE5EEF95071C2EB2AC0D21" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_FCFA70FE61DE5EEF95071C2EB2AC0D21" xlink:to="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_FCFA70FE61DE5EEF95071C2EB2AC0D21" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_5F395F2467DB7DE45EF8A67611F0F8AB_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_2C554AD1ED995235B4652C1D7A53CB87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Notional maturities of committed lines of credit </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:label="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_5274CE5D03C908E26CBC8646A290B692" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesPeriodPastDueDomain_5274CE5D03C908E26CBC8646A290B692" xlink:to="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_5274CE5D03C908E26CBC8646A290B692" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73_label_en-US" xlink:label="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Asset, 1 to 29 Days Past Due [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivables1To29DaysPastDueMember" xlink:label="loc_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73" xlink:to="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_FB16BC9D5577BE059A198646A2903B73" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971_terseLabel_en-US" xlink:label="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 30-89 Days Past Due </link:label>
<link:label id="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971_label_en-US" xlink:label="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivables, 30 to 89 Days Past Due [Member] </link:label>
<link:label id="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971_documentation_en-US" xlink:label="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financing Receivables, 30 to 89 Days Past Due [Member] </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivables30to89DaysPastDueMember" xlink:label="loc_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971" xlink:to="lab_nru_FinancingReceivables30to89DaysPastDueMember_CC1B8DBA2FD2E9DC84A48646A290A971" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 90 Days or More Past Due </link:label>
<link:label id="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Asset, Equal to or Greater than 90 Days Past Due [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:label="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711" xlink:to="lab_us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_35BD6E8476397A2B45D08646A2904711" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Payment Status of Loans </link:label>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Past Due [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_C5073C6542E286C808518646A293E096" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Not Past Due </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentCurrent" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentCurrent_575A10C1E808B50789798646A2934278" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Past due </link:label>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Past Due </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_F5F3438255C24F442E6F8646A2946EB2" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-accrual loans </link:label>
<link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Nonaccrual </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF" xlink:to="lab_us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_471B622FF4DAD871ED3A8646A294DFEF" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7_terseLabel_en-US" xlink:label="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> As a % of total loans </link:label>
<link:label id="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7_label_en-US" xlink:label="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Past Due Percentage [Abstract] </link:label>
<link:label id="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7_documentation_en-US" xlink:label="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivablePastDuePercentageAbstract" xlink:label="loc_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7" xlink:to="lab_nru_FinancingReceivablePastDuePercentageAbstract_5F2E37A2BCDAACA2F2368646A294B7D7" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506_terseLabel_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current (percent) </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506_label_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Recorded Investment Current Percentage </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506_documentation_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financing receivables that are current as a percentage of total loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivableRecordedInvestmentCurrentPercentage" xlink:label="loc_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506" xlink:to="lab_nru_FinancingReceivableRecordedInvestmentCurrentPercentage_CE79AFD67F2C6FFFAA9D8646A2943506" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214_terseLabel_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 30-89 days past due (percent) </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214_label_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Recorded Investment 30 to 89 Days Past Due Percentage </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214_documentation_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financing receivables that are less than 90 days past due but more than 29 days past due as a percentage of total loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage" xlink:label="loc_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214" xlink:to="lab_nru_FinancingReceivableRecordedInvestment30To89DaysPastDuePercentage_6855AB2E65F3C21668718646A2953214" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D_terseLabel_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 90 days or more past due (percent) </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D_label_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Recorded Investment Equal to Greater than 90 Days Past Due Percentage </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D_documentation_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financing receivables that are equal to or greater than 90 days past due as a percentage of total loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage" xlink:label="loc_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D" xlink:to="lab_nru_FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDuePercentage_65682B303BCC2A566DCB8646A295D41D" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0_totalLabel_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total past due (percent) </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0_label_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Recorded Investment Past Due Percentage </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0_documentation_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Recorded Investment in financing receivables that are past due at the balance sheet date as a percentage of total loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivableRecordedInvestmentPastDuePercentage" xlink:label="loc_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0" xlink:to="lab_nru_FinancingReceivableRecordedInvestmentPastDuePercentage_EEC737DB45B2C72694C28646A295EBB0" xlink:type="arc"/>
<link:label id="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_B5E1ADB3E2DD5ECA65D48646A2959B50_totalLabel_en-US" xlink:label="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_B5E1ADB3E2DD5ECA65D48646A2959B50" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total financing receivables (percent) </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage" xlink:label="loc_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_B5E1ADB3E2DD5ECA65D48646A2959B50" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_B5E1ADB3E2DD5ECA65D48646A2959B50" xlink:to="lab_nru_LoansAndLeasesReceivableCommercialNetOfDeferredIncomePercentage_B5E1ADB3E2DD5ECA65D48646A2959B50" xlink:type="arc"/>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A_terseLabel_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-accrual loans (percent) </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A_label_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Recorded Investment Nonaccrual Status Percentage </link:label>
<link:label id="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A_documentation_en-US" xlink:label="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Recorded investment in financing receivables that are on nonaccrual status as of the balance sheet date as a percentage of total loans. </link:label>
<link:loc xlink:href="nru-20191130.xsd#nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage" xlink:label="loc_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A" xlink:to="lab_nru_FinancingReceivableRecordedInvestmentNonaccrualStatusPercentage_72471CD3725CB3AB58068646A2966A7A" xlink:type="arc"/>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_A963116A41142E0C5CCF1EF36C383E5D_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_A938B62B9AFF52D0BA4809FAFB429A67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, with No Related Allowance, Recorded Investment </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_A963116A41142E0C5CCF1EF36C383E5D_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_A938B62B9AFF52D0BA4809FAFB429A67" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, with No Related Allowance, Recorded Investment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment" xlink:label="loc_us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_A938B62B9AFF52D0BA4809FAFB429A67" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ImpairedFinancingReceivableRelatedAllowance_90ED1493E98D37D003BB1EF36C387FD1_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableRelatedAllowance_89275B21083A5FCABE260977D81B9A94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Related Allowance </link:label>
<link:label id="lab_us-gaap_ImpairedFinancingReceivableRelatedAllowance_90ED1493E98D37D003BB1EF36C387FD1_label_en-US" xlink:label="lab_us-gaap_ImpairedFinancingReceivableRelatedAllowance_89275B21083A5FCABE260977D81B9A94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Impaired Financing Receivable, Related Allowance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedFinancingReceivableRelatedAllowance" xlink:label="loc_us-gaap_ImpairedFinancingReceivableRelatedAllowance_89275B21083A5FCABE260977D81B9A94" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ImpairedFinancingReceivableRelatedAllowance_89275B21083A5FCABE260977D81B9A94" xlink:to="lab_us-gaap_ImpairedFinancingReceivableRelatedAllowance_89275B21083A5FCABE260977D81B9A94" xlink:type="arc"/>
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3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/08/22  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/22  111:23M
 7/30/21  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/21  120:26M
 8/05/20  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/20  110:24M
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