WASHINGTON - Public Securities Association President Heather Ruth is being considered for the position of Treasury undersecretary for finance, as well as for other high-level posts in the Clinton administration, industry officials say.

If named to the Treasury post, Ruth, who has headed the PSA since 1983, would replace Jerome H. Powell. He was named Treasury undersecretary for finance in May after having been the department's assistant secretary for domestic finance since 1990. Ruth could not be reached for comment on Friday.

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