Nine out of 10 large commercial banks were offering mutual funds at yearend, a new survey has found.

When large savings banks were included, 69% of the financial institutions responding to the survey by Alliance Capital Management Corp. were offering funds at yearend.

Only 46% of large commercial banks sold funds in 1985, but the percentage rose to 87% by 1989 and to just over 90% at yearend, according to the survey.

Also, the survey found that 45% of large commercial banks had proprietary funds at yearend.

135 Institutions Responded

The annual study of mutual fund activities, representing responses from 135 of the nation's 300 largest banks and thrifts, found that 52% of the commercial banks had brokerage subsidiaries, up from 42% in 1985.

Alliance's survey also confirmed what had appeared to be a trend among fund groups. Significantly more large banks said they were offering only funds with "loads" - 69%, up from 49% five years before.

"Banks that include no-load funds in their product selection are becoming a scarce breed," the company's report says.

Alliance, an investment adviser, is a subsidiary of the Equitable Life Assurance Society.

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