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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.