notes to consolidated financial statements see notes 6 and 7 for further information about fair value measurements of cash instruments and derivatives , respectively , included in 201cfinancial instruments owned , at fair value 201d and 201cfinancial instruments sold , but not yet purchased , at fair value , 201d and note 8 for further information about fair value measurements of other financial assets and financial liabilities accounted for at fair value under the fair value option .
the table below presents financial assets and financial liabilities accounted for at fair value under the fair value option or in accordance with other u.s .
gaap .
in the table below , cash collateral and counterparty netting represents the impact on derivatives of netting across levels of the fair value hierarchy .
netting among positions classified in the same level is included in that level. .

$ in millions
as of december 2013
as of december 2012
total level 1 financial assets
$ 156030
$ 190737
total level 2 financial assets
499480
502293
total level 3 financial assets
40013
47095
cash collateral and counterparty netting
-95350 ( 95350 )
-101612 ( 101612 )
total financial assets at fair value
$ 600173
$ 638513
total assets1
$ 911507
$ 938555
total level 3 financial assets as a percentage of total assets
4.4% ( 4.4 % )
5.0% ( 5.0 % )
total level 3 financial assets as a percentage of total financial assets at fair value
6.7% ( 6.7 % )
7.4% ( 7.4 % )
total level 1 financialliabilities
$ 68412
$ 65994
total level 2 financial liabilities
300583
318764
total level 3 financial liabilities
12046
25679
cash collateral and counterparty netting
-25868 ( 25868 )
-32760 ( 32760 )
total financial liabilities at fair value
$ 355173
$ 377677
total level 3 financial liabilities as a percentage of total financial liabilities at fairvalue
3.4% ( 3.4 % )
6.8% ( 6.8 % )

1 .
includes approximately $ 890 billion and $ 915 billion as of december 2013 and december 2012 , respectively , that is carried at fair value or at amounts that generally approximate fair value .
level 3 financial assets as of december 2013 decreased compared with december 2012 , primarily reflecting a decrease in derivative assets , bank loans and bridge loans , and loans and securities backed by commercial real estate .
the decrease in derivative assets primarily reflected a decline in credit derivative assets , principally due to settlements and unrealized losses .
the decrease in bank loans and bridge loans , and loans and securities backed by commercial real estate primarily reflected settlements and sales , partially offset by purchases and transfers into level 3 .
level 3 financial liabilities as of december 2013 decreased compared with december 2012 , primarily reflecting a decrease in other liabilities and accrued expenses , principally due to the sale of a majority stake in the firm 2019s european insurance business in december 2013 .
see notes 6 , 7 and 8 for further information about level 3 cash instruments , derivatives and other financial assets and financial liabilities accounted for at fair value under the fair value option , respectively , including information about significant unrealized gains and losses , and transfers in and out of level 3 .
124 goldman sachs 2013 annual report .

Question: what is the growth rate in total financial liabilities at fair value in 2013?
Answer: -6.0%
Calculation: subtract(355173, 377677), divide(#0, 377677)