This report presents the rationale, structure, content and procedures for the computerized bank of reading objectives being developed for New York State schools. The project was initiated to provide a technical resource which would contribute to planning, design, and evaluation of reading programs. The report defines the organizing concepts for the project, including a generalized format for writing objectives (the generic objective), a procedure for organizing the generic form of objectives into a summative or criterion objective, and a structure for scaling reading content and associating it with objectives. The report describes a computerized processing technique called SCAN (System for Coding and Analysis), which eliminates redundancy in a developing bank of objectives. The implications of the banking development are discussed in terms of supporting basic and applied research in reading. (Author/CK)