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Availability Date 
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

The date upon which the proceeds of checks or other items drawn on out-of-town banks, and forwarded by the sending bank for collection through the Federal Reserve check collection system, are received and credited by the Federal Reserve bank to the reserve account of the sending bank.  Each Federal Reserve bank publishes a "Schedule Showing When the Proceeds of Items Will Become Available," covering every point in the U.S., so that member or clearing member banks sending checks for collection through a Federal Reserve bank may know on what days such checks will be credited to their reserve accounts.


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