The U.S. Olympic Committee yesterday selected Anchorage, Alaska, as the American city that will bid for the 1992 Olympic Winter Games.

The selection by the committee's executive board followed a series of presentations by Anchorage and three other cities seeking USOC backing to become host city for the 16th Winter Olympics.

The others were Lake Placid, N.Y.; Reno-Tahoe, Nev., and Salt Lake City, Utah.

"From the world perspective, we're equidistant from northern Europe and northern Asia," said Rich Mystrom, chairman of the Anchorage Organizing Committee. "We are truly the air crossroads of the world."

He also said Anchorage would offer "the best location for U.S. and European television markets. "Four p.m. in Anchorage is 8 p.m. in New York, perfect for the American TV market. Because of this TV position, we can present a strong financial surplus," he said.

Also bidding for the Winter Games in 1992 are Albertville, France; Berchtesgaden, West Germany; Falun, Sweden; Lilliehammer, Norway; Sofia, Bulgaria, and Cortina D'Ampezzo, Italy. The International Olympic Committee will make the final selection in October 1986, when it meets in Lausanne, Switzerland.

The 1988 Winter Games will be in Calgary, Alberta.

The American cities' bid presentations were part of the USOC's three-day executive board meetings here. TENNIS

Pam Shriver served and volleyed her way to the final of the $125,000 Edgbaston women's grass court tennis tournament yesterday, beating Elise Burgin, 6-4, 6-2, in Birmingham, England.

Shriver, the defending champion, took 55 minutes to defeat Burgin, a lifelong friend and neighbor in suburban Baltimore. In today's final, Shriver will meet Betsy Nagelsen, who rallied to overcome Susan Mascarin, 3-6, 7-5, 6-1.

Shriver won the last five games against Burgin, but at one point was warned for verbal abuse . . .

Fourth-seeded Johan Kriek and No. 11 Boris Becker gained today's final of the $250,000 Queens Club grass court tournament in London. Kriek defeated Slobodan Zivojinovic, 6-4, 6-4. Becker dominated Paul McNamee, 6-1, 6-4.

Kriek had to play twice yesterday. In a delayed quarterfinal match, he defeated Russell Simpson, 6-4, 7-6, but was fined $750 for bad language directed at the umpire, Richard Kaufman of Seattle.