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High Quality Content by WIKIPEDIA articles! ERMA (Electronic Recording Machine-Accounting), was a pioneering computer development project run at SRI under contract to Bank of America in order to automate banking bookkeeping. The project, under the technical leadership of computer scientist Jerre Noe, ran from 1950 to 1955 and was considered a success by all involved, at which point General Electric was contracted to build 32 ERMA machines. They were so successful in operation that Bank of America was propelled ahead of other banks in profitability, and became the world's largest bank by 1970.