February 1, 1984

A dispatch from Washington Jan. 17 on the satellite transmission of a television news conference by Henry A. Kissinger to United States missions misidentified the receiver site in Brazil. It was the United States Consulate in Rio de Janeiro.

WEDNESDAY, FEBRUARY 1, 1984 The Economy A dispute over reorganizing bank regulation was resolved with an agreement initialed by Paul A. Volcker and senior Administration financial officials. The plan, subject to Congressional approval, would establish a Federal Banking Agency to supplant the Comptroller of the Currency and assume some of the authority over banks now held by Mr. Volcker's Federal Reserve Board. Mr. Volcker had resisted such a reduction in Fed control. (Page D1.) The index of leading indicators rose six-tenths of 1 percent in December. Much of the rise in the index, which usually foreshadows the economy's performance, was attributed to expanded borrowing by business and consumers. The gain encouraged economists who were concerned about November's decline. (D1.)

President Reagan, saying he did not want his budget to become ''a political football,'' told Republican Congressional leaders today that he would propose only limited measures to reduce the Federal deficit to $180 billion next year. In briefings for the leaders at the White House, Mr. Reagan offered a preview of the budget for the fiscal year 1985, which is to be formally submitted Wednesday. The fiscal year will begin Oct. 1. According to Congressional sources, the budget calls for spending $925 billion. Tax and Spending Proposals The deficit in the current fiscal year is expected to be $184 billion. The deficit in the next fiscal year, according to projections, would exceed $190 billion without a relatively modest tax increase of $8 billion and net domestic spending cuts of about $4 billion that Congressional leaders say Mr. Reagan plans to propose.

YOU know you should increase your calcium consumption to protect your bones. You're also concerned about heart disease and have decided to follow a low-fat diet. You look at the lists of foods recommended for each and find that what's good for one condition seems to be bad for the other. As it happens, a high-calcium diet is not incompatible with one that protects your heart. But two recent columns - one on consuming enough calcium to prevent bone loss and the other on lowering cholesterol - have brought many questions from readers. Some wrote to say that if they eat some calcium-rich foods to have healthy bones, they might end up with a heart attack. Other readers were concerned that protecting their hearts by eating foods low in fat would mean risking bone loss. Others had specific nutritional questions. Some foods commonly recommended for a heart-saving diet seemed to have more cholesterol than other readers had been told to avoid. And there was concern about bone strength among people who cannot digest milk, an excellent calcium source, or cannot eat much calcium because they tend to form kidney stones. To clarify these and other questions raised by readers of the two columns, first, here are some definitions: Blood, or Serum, Cholesterol

The United States Steel Corporation yesterday reported a loss of $983 million in the fourth quarter, exceeding analysts' predictions by about $300 million because of unexpectedly weak steel and oil results. Most of the fourth-quarter loss was attributable to a $650 million after-tax charge that the Pittsburgh-based steelmaker, the nation's largest, took in connection with its closing of a dozen steel facilities, announced Dec. 27. The loss was the fourth largest ever in corporate history; the largest was $4.87 billion, registered for the same quarter by the American Telephone and Telegraph Company.