It was created in 1921 due to a perceived need for additional cavalry units, and was numbered in succession of the Regular Army Divisions, which were not all active at its creation.

Starting in 1930, the 62d's training became more varied with the increasing experience of the division staff, participating in a command post exercises for the Third Corps Area at Fort Meade in July of that year.

[4] After the operation of Civilian Conservation Corps camps was handed over to reserve units in 1934, 87 division officers were on active duty working with the CCC in November 1935.

[5] In February 1938, future World War II armor commander Colonel Bruce C. Clarke became division chief of staff, holding the position until 1940.

After the Attack on Pearl Harbor resulted in American entry into World War II, the division was disbanded on 30 January 1942, by which time it had practically ceased to exist due to the calling up for active duty of most of its officers.