The Institute course of study in Elementary Banking, was originally adopted in 1918. Many experienced bank clerks had left their institutions and entered either the military or naval service. Their places were filled by young men and women with little, if any, business training or experience. With the idea of providing a practical and logical course of study for these newcomers in the banking profession, as well as a foundation for the Institute Standard courses of study, a text-book covering the elements of banking and law seemed to be desirable. J. F. Ebersole of the University of Minnesota, who had been teaching an elementary banking course in Minneapolis Chapter, was selected to prepare such a book, based on the lectures given in Minneapolis Chapter. That book has been a distinct success. The present text entitled "Elementary Banking" is based on the book just referred to. However, the original text literature has been completely revised and brought to date, in some cases being rewritten and rearranged, and, in addition, four chapters on bank bookkeeping and accounting have been added. Chapters I, II, III, IV, V, VI, VII and VIII have been revised by James B. Birmingham, Assistant Cashier of the National City Bank of New York; chapters IX and X have been revised and rearranged by Richard W. Hill, Member of the New York Bar and Secretary of the American Institute of Banking; and chapters XI, XII, XIII and XIV were prepared by Arthur K. Schulz of the Chase National Bank of New York. John M. Chapman, Lecturer on Banking in the School of Business of Columbia University, assisted in the necessary rearrangement of the text. Thomas Ritchie, Comptroller, and Martin L. L. Henry, Auditor, both of the Chase National Bank of New York, were generous with constructive criticisms of the accounting material.