WASHINGTON -- The Treasury Department has named Deborah Danker, a Federal Reserve Board economist, to a one-year stint as the chief debt manager overseeing government securities auctions.
In a brief telephone interview yesterday, Ms. Danker confirmed the move to take over the post of deputy assistant Treasury secretary for federal finance. The job was formerly held by Michael Basham, who left to work with Smith Barney, Harris Upham & Co.
Ms. Danker will report to Jerome Powell, assistant Treasury secretary for domestic finance, and probably will start her new job in January, a Treasury spokesman said. She will be assigned by the Federal Reserve to work at Treasury for one year, after which she is expected to return to the central bank.
Ms. Danker is chief of the banking and money market analysis section of the Federal Reserve Board, where she works closely with other Fed officials in implementing monetary policy. Her section is part of the division of monetary affairs, which is headed by Donald Kohn.