Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Details 1)

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FAIR VALUE MEASUREMENTS (Details 1) (USD $)
 3 Months Ended 9 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Imputed interest recorded as "Other Expense" $ (248,847) $ (871,864) $ (1,309,085) $ (2,416,619)
Gross Estimated Tap Participation Fee Liability
        
Balance, beginning     102,681,900  
Total gains and losses (realized and unrealized)     0  
Purchases, sales, issuances, payments, and reductions resulting from foreclosures     (82,068,300)  
Transfers in and/or out of Level 3     0  
Balance, ending 20,613,600   20,613,600  
Tap Participation Fee Reported Liability
        
Balance, beginning     59,807,300  
Total gains and losses (realized and unrealized)     0  
Imputed interest recorded as "Other Expense"     1,309,100  
Purchases, sales, issuances, payments, and reductions resulting from foreclosures     (47,953,600)  
Transfers in and/or out of Level 3     0  
Balance, ending 13,162,800   13,162,800  
Discount To Be Imputed As Interest Expense In Future Periods
        
Balance, beginning     42,874,600  
Total gains and losses (realized and unrealized)     0  
Imputed interest recorded as "Other Expense"     (1,309,100)  
Purchases, sales, issuances, payments, and reductions resulting from foreclosures     (34,114,700)  
Transfers in and/or out of Level 3     0  
Balance, ending $ 7,450,800   $ 7,450,800