Susan C. Schwab, currently dean of the University of Maryland School of Public Affairs, is President George W. Bush's choice to become deputy Treasury secretary -- the second-highest post at the department behind Treasury secretary John Snow.

Schwab’s appointment, pending confirmation by the Senate, would fill the void left by Kenneth Dam, who resigned in February.

In addition, the administration said it would nominate Goldman Sachs investment banker Kenneth H.M. Leet, 47, as undersecretary of the Treasury for domestic finance. If confirmed he would succeed Peter Fisher in that post. Fisher announced his resignation on July 9. Schwab, 48, has been dean of the School of Public Affairs for eight years, moving there from Motorola Inc., where she was director of corporate business development.

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