WASHINGTON - Senate Banking Committee Chairman Alfonse M. D'Amato last week questioned the Federal Reserve Board's plan to aid Japanese banks should they need cash fast.

Fed officials are concerned that staggering bad-loan problems at Japanese banks could lead to a run on deposits. The Fed's plan, revealed during a House Banking Committee hearing last week, calls for the central bank to buy U.S. Treasury securities held by the Japanese subsidiaries if they need the liquidity.

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