Fed Creates New Facility to Purchase Unsecured Commercial Paperhttp://www.mortgagenewsdaily.com/10072008_fed_commercial_paper.aspUsing its extraordinary powers during times of turmoil, the Fed announced the creation of the Commercial Paper Funding Facility (CPFF) , allowing the central bank to purchase three-month unsecured commercial paper. "The CPFF will provide a liquidityenCommunityServer 2008 SP2 (Build: 31106.96)