July 1, 1985

TWO items caught the attention of a visitor at Tom Seaver's locker stall in the White Sox clubhouse. This was on a late afternoon before a recent ball game. One of those items was The New York Times crossword puzzle that the veteran pitcher had begun before being interrupted: He had just completed 4 Down, ''Spud feature,'' three letters (he penned in ''eye'') and 13 Across, ''Bailey, Belli et al.,'' seven letters (he wrote ''lawyers''). The other item was a White Sox cap hanging on a hook. It was a dark blue cap inscribed with dry perspiration stains, perhaps worn in his last outing a few days previously.

''We're all terribly anxious to get home and hug our loved ones and touch American soil again.'' - Allyn Conwell, a former hostage. [A7:1.]

Dr. James Oleske pulled a plush rabbit from the pocket of his lab coat, but was unable to quiet his 4-year-old patient. Instead, Dr. Oleske turned the restive boy from his back to his stomach and prescribed Valium as a sedative. ''See you, old buddy,'' Dr. Oleske said, leaving the hospital room with a salute and a strained smile. Then he approached a staff physician. ''Resuscitate,'' Dr. Oleske said, ''but no respirator.''

Under this heading, The Times amplifies articles or rectifies what the editors consider significant lapses of fairness, balance or perspective. A Washington dispatch on page 1 Friday reported on a speech by David A. Stockman, director of the Office of Management and Budget, about the Federal deficit.

The banking industry is bracing for another round of regulation, but this time not from the Federal banking agencies. If the Securities and Exchange Commission acts as expected, it will vote Monday to require all banks that offer brokerage services to the public to register those operations with the commission. After a controversial and at times bitter debate with both the banking industry and the Office of the Comptroller of the Currency, the S.E.C. staff is expected to ask the four commissioners - one seat is vacant - to endorse a proposal that would compel any bank that does even a modest amount of brokerage business to come under the commission's oversight and adhere to its regulations on such matters as capital requirements. According to bankers and other securities experts, the commissioners are expected to approve the staff recommendation, which would affect an estimated 2,000 banks.