The Treasury Department is mulling selling off its shares in hundreds of smaller banks as it looks to speed up the winding-down of federal bailout programs.

A source within the Obama administration confirmed to The Hill that the government is considering exiting its investments in over 350 small banks as a way to further reduce the government's presence in the nation's financial system, as first reported by The Wall Street Journal.

The source emphasized that no decisions had been made yet, and the move is just one of several options on the table. Read more at The Hill.