Fed adds $5 bln in reserves through 2-day repos

NEW YORK (Reuters) - The U.S. Federal Reserve said on Tuesday it added $5 billion of temporary reserves to the banking system through 2-day repurchase agreements.

The Fed said the collateral accepted on the 2-day repurchase was made up of $4.125 billion of Treasuries and $875 million of agencies. A total of $42.9 billion in bids were submitted for the 2-day repurchase.