U.S. banks trimmed their foreign loan exposure by 0.4% during the second quarter, to $501.6 billion, according to a report released Wednesday by the Federal Reserve Board.

Movement among the Group of 10 industrialized countries and Switzerland, the largest category at $306.2 billion, was pronounced. Exposure to Japan decreased by 16.7%, to $32.6 billion; and to France by 15%, to $33.4 billion. But exposure to Germany rose by 20.3%, to $78 billion; and to the United Kingdom by 15.6%, to $50.1 billion.

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