GE plans to use Fed facility next week

NEW YORK, Oct 23 (Reuters) - General Electric Co (GE.N) plans to use the Federal Reserve's new short-term funding facility when it is launched on Monday.

The U.S. conglomerate and its finance arm, General Electric Capital Corp, have registered as users of the facility, the company told its commercial paper customers.

GE said in the note to customers that it plans to use the facility to support its commercial paper investors who may need liquidity.

A spokesman from GE said the company continues to fund its commercial paper without disruption. "The facility is good for our customers and good for the market," he said in an email.

The Fed's Commercial Paper Funding Facility will start funding purchases of highly rated, U.S. dollar-denominated, three-month, unsecured and asset-backed commercial paper from U.S. issuers. (Reporting by Elinor Comlay; Editing by Gary Hill)