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Money Market Investor Funding Facility
The Money Market Investor Funding Facility (MMIFF), authorized by the Board under Section 13(3) of the Federal Reserve Act, will support a private-sector initiative designed to provide liquidity to U.S. money market investors. Under the MMIFF, the New York Fed will provide senior secured funding to a series of special purpose vehicles to facilitate an industry-supported private-sector initiative to finance the purchase of eligible assets from eligible investors.
 
News and announcements

New York Fed Releases Additional MMIFF Details
November 10, 2008

New York Fed Releases MMIFF FAQs
October 22, 2008

Federal Reserve announces creation of Money Market Investor Funding Facility (MMIFF) offsite
October 21, 2008