epa01300937 (FILE) A file photograph showing The US Federal Reserve building in Washington, DC USA is shown on 22 January 2008. The US Federal Reserve would get broad new powers of regulation over financial institutions under a proposal unveiled by Treasury Secretary Henry Paulson 31 March 2008, in what would be the largest regulatory overhaul since the Great Depression. The administration hopes to consolidate existing regulatory
agencies into three bodies that would have oversight over all financial institutions. The proposal would expand the Federal Reserve?s role from
implementing monetary policy and providing liquidity to monitoring the broader financial system. EPA/MATTHEW CAVANAUGH