First National Bank of Chicago held $50,000 in deposits from former Budget Director Bert Lance's bank at the time a $3.45 million loan was made to Lance. A wrong figure was printed in yesterday's editions.

Securities and Exchange Commissioner John R. Evans yesterday said he sees no difference "in principle" between a Chicago bank's personal loan to former Budget Director Bert Lance and another case in which the SEC took legal action.

Evans, testifying before the Senate Banking Committee, said SEC investigators had founded "various examples" of insiders getting personal loans from banks in which their companies had deposited funds. The Committee was concluding three days of hearings on banking practices.

Examples cited by Evans included a $2 million loan by the First National Bank of Chicago to two directors of Daylin, Inc., who were alleged to have obtained more than $3 million in personal loans from banks in which they deposited company funds.

Evans said the SEC sought civil action against the Daylin directors because the loans were not disclosed to stockholders as required under federal securities law.

Banking Committee Chairman William Proximire (D; Wis.) asked Evans whether he saw an difference between that loan and a $3.45 million loan the same Chicago bank made to Lance.

"In principle, I don't see any," Evans said.

'Evans said, however, that he did not wish to discuss Lance's activities because they are under investigation.

The Chicago bank held $250,000 in deposits by Lance's own bank at the time it made him the $3.45 million loan.

Evans told he committee that the SEC has received "a large number of critical letters of comment" on a proposal to required bank holding companies to make detailed disclosure of all loans totaling more than $40,000 to directors, officers or principal stock holders of the company or banks affiliated with it.

"On commentator claimed that prominent business leaders who represent the largest businesses in the community and whose loans represent the lifeblood of banks would not want to serve as bank directors if their loans had to be discolsed." Evans said.

He said the commission may substantially increase the $40,000 level at which the disclosure requirement would be triggered but "we continue to believe that the existing requirements in this area would be amended."