President Clinton last week nominated Lee Sachs to be assistant Treasury secretary for financial markets.

If confirmed by the Senate, Mr. Sachs would be in charge of debt management and the sale of U.S. securities and would serve on the President's Working Group on Financial Markets. He would succeed Gary Gensler, who was promoted to under secretary for domestic finance.

Mr. Sachs, 35, joined the Treasury Department in August as deputy assistant secretary for government financial policy. Previously, he was a director at Bear, Stearns & Co., and headed the firm's global capital markets department.

Edward S. Knight, Treasury general counsel, joins the National Association of Securities Dealers Inc. on July 5 as executive vice president and chief legal officer.

With Treasury Secretary Robert Rubin scheduled to leave by July 4, some lawmakers are increasingly worried about the safety of Federal Reserve Board Chairman Alan Greenspan.

"We ought to put you in protective custody," said Rep. Spencer Bachus, R-Ala. "I hope you are well guarded and have good doctors advising you."

Louise L. Roseman will be the Fed's next director of reserve bank operations and payments systems, effective June 13. Ms. Roseman replaces Clyde Farnsworth, who is retiring. She joined the Fed in 1985 and was promoted to associate director in 1994.

Privacy is now such an important issue that Bank One Corp. chairman John B. McCoy consolidated responsibility for protecting customer information under a high-level executive.

Julia F. Johnson was named director of Bank One's office of information policy and privacy early this year. Ms. Johnson, who previously handled community reinvestment issues for the Chicago banking company, is a senior vice president reporting to vice chairman Rich Lehmann.

"A handful of the large banks have a person dedicated to privacy," said Joe Belew, president of the Consumer Bankers Association. "It's not widespread; it's a new phenomenon."

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