Fed Running out of Resources?

The Treasury announced the sale of T-Bills - proceeds are to provided directly to the Fed to cover it's massive liquidity injections to failing private entities (bailouts etc).

Just a little more national debt to add to our already record levels.  

Though, the Fed points out that the loan to AIG at least is backed with company collateral which US citizens now own 80% of via the government.  But one wonders how much these assets will be worth a year from now.