Fed adds temporary bank reserves via 7-day repos

NEW YORK, April 3 (Reuters) - The Federal Reserve is adding temporary reserves into the U.S. banking system via 7-day repurchase agreements, the New York Fed said on Thursday.

The latest repo move followed $5 billion in 14-day repos earlier.

Fed funds last traded at 2.50 percent, above the Fed's current 2.25 percent target rate. (Reporting by Richard Leong; Editing by James Dalgleish)