The Federal Reserve Board announced on October 21 the creation of a Money Market Investor Funding Facility through which private special purpose vehicles will be established to buy money market investments from money market funds with funds provided by the Federal Reserve Bank of New York.  Working closely with the Federal Reserve, J. P. Morgan structured and designed the MMIFF with Orrick, Herrington & Sutcliffe LLP acting as counsel to J. P. Morgan throughout the process.  Orrick Structured Finance Alert.  The Federal Reserve Board will launch its Commercial Paper Funding Facility on Monday, October 27 to finance the purchase of commercial paper from eligible issuers. Interested issuers must register two business days prior to participation in the Facility.  New York Fed CPFF Issuer Registration Process.