Financial report context:
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. .

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

Additional report context:
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 assets in 2013?
Answer: -2.9%