Holy Crap! The Federal Reserve's 'breathtaking' $7.7 trillion bank bailout A new report by Bloomberg Markets Magazine details trillions of dollars in secret federal loans made to the big banks during the 2008 financial crisis, a process that helped them rake in billions of dollars in undisclosed profits. Here, some key numbers that illuminate the Federal Reserve's "breathtaking" $7.7 trillion bank bailout: $7.7 trillion Amount in undisclosed loans the Federal Reserve made to struggling financial institutions, according to the new Bloomberg report. That "dwarf the Treasury Department's better-known $700 billion Troubled Asset Relief Program [TARP]," say Bob Ivry, Bradley Keoun, and Phil Kuntz at Bloomberg. So while we were freaking out about the $700 billion TARP bailout, the Federal Reserve was secretly funneling trillions to the big banks.