The story of the origins of the Commonwealth Bank begins with the influence of English ideas of banking and currency reform on Australian thinking a century ago. It takes the reader through nineteenth-century financial crises, the Labor Party's early determination to control banking, the setting up of credit fonder, and the issue of state notes, to the passing of the Act to establish the Bank in 1911. Next Dr Gollan examines the role of Denison Miller as first Governor of the Bank, and the impetus given to the Bank by its crucial position during World War I.