The regiment was constituted on 15 October 1921 in the Organized Reserves, part of the
65th Cavalry Division's
159th Cavalry Brigade in the
Sixth Corps Area. It was initiated (activated) on 8 August 1922 with all units in Chicago. In June 1926 and 1927, it sponsored the Military Tournament at
Soldier Field. On 1 July 1929, a new 3rd Squadron was activated in Chicago. The regiment usually held its inactive training period meetings at Chicago's Post Office Building. It conducted regular equestrian training at
Fort Sheridan on the horses of the 1st Squadron,
14th Cavalry Regiment. The 317th conducted summer training at Fort Sheridan with the 14th Cavalry and at
Fort Des Moines in some years. Its primary feeder school for the
Reserve Officers' Training Corps was the
University of Illinois, and its designated mobilization training station was
Camp Grant. It was disbanded on 18 October 1943 after the United States entered
World War II and its assigned personnel were called up for active duty. An unrelated
317th Armored Cavalry Regiment briefly existed postwar as an Illinois reserve unit. ==Commanders==