[BitWielder1]

It’s a ridiculous way of counting designed to make the Federal Reserve look bad.

Sooo, nothing to worry about then?
How bad is it really?
How much do they have as outstanding loans at this moment?

[DannyTN]

"Sooo, nothing to worry about then?"

No nothing to worry about. Instead worry about congressional overspending and the erosion of the American manufacturing base and all the associated jobs and services that go with it. Don't worry about the FED.

How bad is it really?
How much do they have as outstanding loans at this moment?

Of the kind reported on by this article about $14 Billion. However total loans not to the U.S. government amount to about $67 billion and this includes $40 billion that was associated with Bear Sterns and AIG.

As of October 26, 2011:

1. Total Loans outstanding (Assets): $2.8 Trillion.
2. However of that $1.7 Trillion are Federal Treasuries that the Federal Reserve has bought from the U.S. Government to keep interest rates low so that the economy can recover. And $849 Billion are mortgages guaranteed by the quai-federal agencies of Fannie Mae, Freddie Mac and Ginnie Mae.
3. Overnight lending is at $14 billion, (this is what they summed the total each day for 3.5 years to get their $17 trillion. You can see a nice graph in the link of how that increased and is back at pre-crisis levels.
4. Central Bank liquidity swaps are at $2 billion.
5. Term Asset Lending Facility (TALF) loans are at $11 billion
6. Loans associated with intervention in bear Sterns, AIG lending division and AIG Credit Default Swap Divisions are at $40 Billion (The three Maiden Lane entities on the balance sheet.)

   Federal Reserve System Monthly Report on Credit and Liquidity Programs and the Balance Sheet November 2011