WASHINGTON -- Michael Basham, the Treasury Department's deputy assistant secretary for federal finance, is leaving the department Aug. 15 to return to the private sector, Treasury officials announced yesterday.

A Treasury spokesman declined to name Mr. Basham's successor, but market speculation centered on Henry Mlynarski, head of government trading at Citibank. A Citibank spokesman confirmed that Mr. Mlynarski has resigned from the bank, but declined to comment further.

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