Let A ⊆ B be commutative
rings, and Γ a multiplicative monoid which generates the matrix ring Mn(B) as a
B-module. Suppose that for each γ ∈ Γ its trace tr(γ) is integral over A. We will
show that if A is an algebra over the rational numbers or if for every prime ideal P of
A, the integral closure of A∕P is completely integrally closed, then the algebra A(Γ)
generated by Γ over A is integral over A. This generalizes a theorem of Bass which
says that if A is Noetherian (and the trace condition holds), then A(Γ) is a finitely
generated A-module.