He was one of four candidates considered by the bank's board.
In 1944 and 1948, he had been considered a possible Republican candidate for president.
However, Michael isn't considered a leading candidate for the job.
But he said the committee would consider outside candidates as well.
Considered a potential Presidential candidate for 1996, he did not run.
However, neither man is considered a serious candidate, several board members said.
But he said that the board needed more time to consider other candidates.
He is considered a potential Republican candidate for governor there.
All three had at one time been considered strong candidates for Speaker.
In 1992, he was considered a candidate for commerce secretary.