* Senate overhaul plan would strip Fed of bank supervision

* Regional Fed boards would be appointed in Washington

* Borrowers from emergency facilities named after a year

By Mark Felsenthal

WASHINGTON, Nov 10 (Reuters) - The U.S. Federal Reserve's powers would be sharply curtailed and politics would creep deeper into the central bank system under a proposal unveiled by the head of the Senate Banking Committee on Tuesday.

In a far-reaching plan aimed at correcting flaws in financial regulation after the worst banking crisis since the 1930s, Senator Christopher Dodd proposed consolidating bank supervisory powers in a single agency, stripping the Fed of its role as a direct bank supervisor.

The plan would also give the president the power to name chairmen for each of the 12 regional Fed bank boards, taking away a prerogative banks now enjoy.

Dodd's bill would also require the Fed to name within a year any firms taking emergency loans from the central bank.